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Business indicators return to ‘green’

By Crystal Hsu

Taiwan’s business climate indicators flashed “green” in January as business conditions showed broad-based improvement boosted by healthy manufacturing activity, the National Development Council said yesterday. The signal suggested a stable economic state, compared with the “yellow-blue” indicator a month earlier, which was dragged by a weakFULL STORY

Mega looks to buy insurance firms

By Crystal Hsu

Mega Financial Holding Co (兆豐金控), the nation’s most profitable state-run financial services provider, is eyeing medium-sized life insurance companies and retail-focused banks as it seeks to grow into a regional powerhouse. “Mega Financial Holding aims to increase its earnings this year after achieving a record profitFULL STORY

NDC announces plans to facilitate crowdfunding

Taiwan will start facilitating crowdfunding for entrepreneurs trying to start companies in the same way that Kickstarter helps product inventors, National Development Council (NDC) Minister Woody Duh (杜紫軍) said on Wednesday. “Startups are the fruits of innovation,” Duh said in an interview in Taipei. “They benefitFULL STORY

Xiaomi CEO Lei forecasts revenue to reach US$16bn

Xiaomi Corp (小米) expects revenue this year to rise more than 50 percent as China’s biggest smartphone vendor diversifies its product lineup and expands to more overseas markets. The projection for more than 100 billion yuan (US$16 billion) in sales compares with last year’s total ofFULL STORY

Machine tool makers see revenues rise from 2014

By Lauly Li

Revenues from the nation’s machine tool makers grew 15.8 percent annually to NT$149.4 billion (US$4.74 billion) last year, as demand rose amid the improving US economy and demand for industrial automation increased in China, the Ministry of Economic Affairs said yesterday. “The impressive annual growth ofFULL STORY

Hermes shares boosted by positive sales outlook

Shares of Hermes Microvision Inc (漢微科), a leading Taiwan-based semiconductor inspection tool and equipment supplier, moved higher yesterday after the company gave an optimistic assessment of sales growth for the year, dealers said. Due to the strong sales growth forecast, many investors with high hopesFULL STORY

FEATURE: S Korea wages low as aging workers delay retirement

South Korea’s Puretech Co, a small supplier of mobile phone components, has a workforce increasingly made up of aging baby boomers. The company in Ansan, an industrial city near Seoul, finds older workers useful in marketing, advisory roles and in quality control. The work scene isFULL STORY

Taiwan Business Quick Take

MANUFACTURING Neo Solar dim last month Neo Solar Power Corp (新日光), one of the nation’s biggest solar cell makers, yesterday reported a 2.7 percent decline in revenue for last month to NT$1.46 billion (US$46.34 million), citing fewer working days due to the Lunar New Year holiday, whichFULL STORY

Brazil lifts interest rate to six-year high

Brazil’s central bank raised borrowing costs to the highest level in almost six years on price pressure from a weakening currency and kept its options open on the size of the next increase. The board, led by board President Alexandre Tombini, voted unanimously on Wednesday toFULL STORY

Delay expected for larger iPads

Apple Inc, which has seen stagnating iPad sales, will delay the start of manufacturing for a larger-screen version of the tablet, people with knowledge of the matter said. Production of the 12.9-inch-screen iPad is now scheduled to start in about September because of delays involving theFULL STORY

Oil prices might stay low for two years: Exxon

Exxon Mobil CEO Rex Tillerson expects the price of oil to remain low over the next two years because of ample global supplies and relatively weak economic growth. “People need to kinda settle in for a while,” Tillerson said at the company’s annual investor conference inFULL STORY

China to link Shenzhen, Hong Kong exchanges

China will link trading between its Shenzhen and Hong Kong stock markets as part of a push for financial reforms, Chinese Premier Li Keqiang (李克強) said yesterday, following a similar scheme with Shanghai’s flagship bourse. The “Shenzhen-Hong Kong Stock Connect” trial will be launched “at anFULL STORY

AbbVie purchase gives it cancer therapy foothold

AbbVie Inc agreed to buy Pharmacyclics Inc in a US$21 billion deal after beating out Johnson & Johnson for control of a blockbuster blood cancer therapy that will help it expand in the lucrative area of oncology. Under the terms of the transaction, AbbVie will payFULL STORY

World Business Quick Take

BANKING Bosses give up bonuses Bosses at British banking group Standard Chartered PLC have given up their bonuses after profits at the Asia-focused bank fell by more than a third last year. Standard Chartered, which last week said chief executive Peter Sands would step down in JuneFULL STORY

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