Global and China News

Dow industrials turn higher after 5 straight losses

(Sat, 21 Jan 2017 00:25:00 +0800)

( - U.S. stocks moved broadly higher in morning trading Friday ahead of the presidential inauguration of Donald Trump. Phone company stocks led the gainers. Energy stocks also rose as oil prices headed higher. Investors also had their eye on the latest batch of company earnings and outlooks.

James Huang becomes new TAITRA chairman

(Sat, 21 Jan 2017 00:02:00 +0800)

( - Former Foreign Minister James Huang was elected chairman of the Taiwan External Trade Development Council (TAITRA) Friday.

China growth edges up in Q4, but '16 weakest year since 1990

(Sat, 21 Jan 2017 00:02:00 +0800)

( - China's economic growth sank to its lowest level in three decades in 2016 as Beijing braces for a trade battle with U.S. President-elect Donald Trump.

Sweden not giving up fight over lobster imports

(Sat, 21 Jan 2017 00:02:00 +0800)

( - Sweden isn't giving up on a long-running battle with the U.S. and Canada over lobsters that have turned up in Swedish waters.

Europe stocks rise before Trump swearing-in

(Sat, 21 Jan 2017 00:02:00 +0800)

( - European stock markets climbed Friday before Donald Trump's inauguration, with markets hoping that the U.S. president's speech will expand on his planned economic policy.

Hon Hai's Sharp gearing up to take on Largan

(Sat, 21 Jan 2017 00:02:00 +0800)

( - Sharp Corp., partially owned by Hon Hai, has sharply boosted its stakes in Japanese lens module maker Kantatsu in a bid to win iPhone orders away from Taiwan's Largan Precision, the Central News Agency (CNA) cited Japanese news media as reporting on Friday.

Get ready to get your game on

(Sat, 21 Jan 2017 00:02:00 +0800)

( - An “Assassin's Creed” cosplayer, left, poses with show girls at the booth of tech company HyperX at the 2017 Taipei Game Show on Friday. Jan. 17. The five-day event began Friday and will runs until Tuesday.

Paramount in US$1 bil. deal with 2 Chinese firms

(Sat, 21 Jan 2017 00:02:00 +0800)

( - Paramount Pictures said Friday it has inked a co-financing deal with two Chinese companies for the Hollywood studio's slate of movies over the next three years.

Uber pays up to settle 'misled drivers' suit

(Sat, 21 Jan 2017 00:02:00 +0800)

( - Uber has agreed to pay US$20 million to settle charges that the ride-sharing company exaggerated claims about driver pay and new car financing, U.S. regulators said on Thursday.

Taiwan shares rise slightly ahead of Trump inauguration

(Sat, 21 Jan 2017 00:02:00 +0800)

( - Shares in Taiwan closed slightly higher on Friday amid cautious sentiment, with many investors choosing to remain on the sidelines ahead of the inauguration of U.S. President-elect Donald Trump later in the day, dealers said.

May vows 'open' Britain at Davos despite Brexit

(Sat, 21 Jan 2017 00:02:00 +0800)

( - Prime Minister Theresa May told the world's elite on Thursday that Britain would become a champion for business and free trade despite Brexit, even as major banks said they planned to shift jobs out of London.

App linking home buyers, brokers shakes up market

(Sat, 21 Jan 2017 00:02:00 +0800)

( - Touted as “Uber for the realty sector,” the housing-brokerage app Ubee is quickly emerging as a gamechanger for housing agents as the market struggles to overcome lingering sluggishness.

Samsung to announce Note 7 fire origin Jan. 23

(Sat, 21 Jan 2017 00:02:00 +0800)

( - Samsung Electronics says it will announce the reason why its Galaxy Note 7 smartphones overheated and caught fire on Jan. 23.

Zuckerberg trying to buy out land near his estate

(Sat, 21 Jan 2017 00:02:00 +0800)

( - Facebook CEO Mark Zuckerberg is going to court to gain ownership of isolated pockets of land tucked away within his sprawling estate in Hawaii.

Pizza Hut to hire 11,000 in run-up to Super Bowl

(Sat, 21 Jan 2017 00:02:00 +0800)

( - Pizza Hut is gearing up for the Super Bowl by hiring 11,000 people in the U.S. to cook up its pies, deliver them to hungry customers or manage its restaurants.

IBM tops Wall St. profit forecasts for 4th quarter

(Sat, 21 Jan 2017 00:02:00 +0800)

( - International Business Machines Corp. (IBM) on Thursday reported fourth-quarter profit of US$4.5 billion.

ECB's Draghi says too early for stimulus exit

(Sat, 21 Jan 2017 00:02:00 +0800)

( - European Central Bank chief Mario Draghi on Thursday asked for patience for his policies to work as he brushed aside calls to change course following a spike in inflation.

Soros: Trump a 'would-be dictator' who will rattle markets

(Fri, 20 Jan 2017 17:02:00 +0800)

( - Billionaire investor George Soros said Thursday he views President-elect Donald Trump as an "impostor and con man and a would-be dictator" who will rattle financial markets.

China's growth edges up but 2016 weakest year since 1990

(Fri, 20 Jan 2017 10:36:00 +0800)

( - China's economic growth accelerated slightly in the final quarter of 2016, shored up by government spending and booming real estate sales, but its full-year performance still was the weakest in nearly three decades.

Netflix's shrinking DVD service faces uncertain future

(Fri, 20 Jan 2017 06:00:00 +0800)

( - Originally cast in a starring role, Netflix's original DVD-by-mail service has been reduced to a bit player -- one that may eventually get killed off as the company focuses on its booming video streaming service.