Home / Business

Lextar, Cree unite to conquer market

By Lisa Wang

LED chipmaker Lextar Electronics Corp’s (隆達電子) board has agreed to sell a 13 percent stake to US company Cree Inc for US$83 million in a joint effort to build a stronghold in the fast-growing LED lighting market, the Taiwanese firm said yesterday. Lextar said Cree hasFULL STORY

Innolux struggling to meet soaring demand

By Lisa Wang

Innolux Corp (群創), the nation’s top LCD-panel maker, is considering boosting capital investment to expand capacity and ease supply constraints. An unexpected pickup in demand for notebook computers left panels in short supply in the first quarter and Innolux expects the shortfall to continue into theFULL STORY

Consumer index snaps four-month run of gains: poll

By Amy Su

The consumer confidence index this month showed the first month-on-month decline since March, sounding an alarm over the direction the nation’s economic sentiment will go in the near future, a National Central University survey showed yesterday. From the record-high level of 88.17 posted last month, theFULL STORY

China Steel keeps October, November prices flat in bid to stay competitive

By Camaron Kao

China Steel Corp (中鋼), the nation’s only integrated steelmaker, yesterday kept its domestic prices for October and November shipments unchanged compared with its September contracts, as steel exports from China increase. “Steel exports from China are expected to reach 80 million tonnes this year, up fromFULL STORY

Economic indicators show recovery still going strong: NDC

By Camaron Kao

The nation’s economic monitoring indicators score last month rose one point from a month ago on the back of rising export growth, indicating that the economic recovery is sustaining its momentum well, the National Development Council (NDC) said yesterday. The score — which takes into accountFULL STORY

Cathay Financial eyes Rizal deal

Cathay Financial Holding Co (國泰金控) is in talks to buy a minority stake in Philippine lender Rizal Commercial Banking Corp, people with knowledge of the matter said. The Taiwanese banking group might seek to purchase about 20 to 30 percent of Rizal Commercial, the people said,FULL STORY

Addcn executives charged in Taipei

By Kevin Chen

The New Taipei District Prosecutors’ Office yesterday charged three Addcn Technology Co (數字科技) executives over alleged illegal financial dealings, media reported. Prosecutors said the company, which operates online trading platforms on which people sell cars, houses, clothing and virtual treasures, made NT$18.6 billion (US$620,000) in nearlyFULL STORY

Acquisitions to boost finance company

By Kevin Chen

China Development Financial Holding Corp’s (中華開發金控) recent acquisition of Singapore’s AmFraser Securities Pte Ltd should further strengthen the Taiwanese firm’s product innovation and customer base, CIMB Securities Ltd said in a research note on Tuesday. The move should help China Development Financial develop its Asia-Pacific investmentFULL STORY

Taiwan Business Quick Take

Credit balance rises As of the end of June, Taiwan’s total credit card revolving balance amounted to NT$114.26 billion (US$3.81 billion), up NT$680 million, or 0.6 percent, from the previous month’s NT$113.58 billion, data on the Financial Supervisory Commission’s Web site showed. The increase in revolving creditFULL STORY

Google buys special effects firm Zync

Special effects are awesome; they are also expensive, which is one reason why budget movies look like budget movies. However, if Google Inc has its way, special effects will continue to become cheaper and more accessible. The Internet giant on Tuesday announced that it has boughtFULL STORY

Ferry still casting shadow on South Korean economy

South Korea’s ferry disaster in April is still casting a cloud over the economy, with the effect on consumer spending lasting longer than expected, the Bank of Korea said yesteryear. More than 300 people died when the Sewol ferry sank on April 16, most of themFULL STORY

Buffett puts profit ahead of patriotism in deal

Warren Buffett may be most famous for the billions he has made from investing, but he is also well-known for being a cheerleader for the US, routinely exhorting investors to put their money in “the mother lode of opportunity,” as he dubbed the country inFULL STORY

Venture capital firm hikes Snapchat value to US$10bn

US media on Tuesday reported that Snapchat Inc was valued at US$10 billion based on funding pumped into the startup by a powerhouse Silicon Valley venture capital firm. The valuation came from a move by Kleiner Perkins Caufield & Byers to invest US$20 million in theFULL STORY

S&P 500 surpasses 2,000 mark in 30th new high this year

It was a big, round-number day for the US stock market on Tuesday, as the Standard & Poor’s 500 index closed a hair above 2,000 points, exactly 16 years after it finished above the 1,000 mark for the first time. The latest milestone extended the index’sFULL STORY

World Business Quick Take

UNITED STATES Fed trio push rate hike Three regional Federal Reserve banks continued to press for an increase in the Fed’s emergency lending rate ahead of last month’s policy-setting meeting, according to minutes released on Tuesday. Directors of the Dallas, Kansas City and Philadelphia Fed banks wantFULL STORY

More :
Date Range : Past 7 Days Custom Date Range
TOP top