Major brokerages, including Barclays PLC, BNP Paribas SA and Deutsche Bank AG, expect a 25-basis-point US Federal Reserve rate cut next month following Fed Chair Jerome Powell’s shift in tone at the Jackson Hole symposium toward rising risks in the labor market.“This unusual situation suggests that
BACK IN BLACK: Pretax losses fell to NT$15.5 billion from NT$60.2 billion, while gross margin returned to positive territory for the first time in four years, it said
State-run utility Taiwan Power Co (Taipower, 台電) yesterday said it was “highly possible” the company could turn its financial situation around this year after reporting profits from May on the back of lower fuel costs.The New Taiwan dollar’s appreciation against the US dollar and higher summer elect
Shares in heavily indebted China Evergrande Group (恒大集團) were taken off the Hong Kong Stock Exchange yesterday, capping a grim reversal of fortune for the once-booming property developer.A committee at the bourse had decided earlier this month to cancel Evergrande’s listing after it failed to meet a
Connector maker SpeedTech Corp (宣德) yesterday said it plans to expand capacity at its Mexico plant by year-end with six new surface-mount technology production lines, 14 injection molding machine lines and two assembly lines, company spokesman Ethan Hsu (徐嘉德) told an earnings conference in Taipei.Th
The National Development Council (NDC) yesterday called for closer Taiwan-Japan collaboration in innovation and supply chain integration to foster mutual growth.The appeal was made at the two-day Japan-Taiwan Innovation Summit in Tokyo, where NDC Minister Paul Liu (劉鏡清) led a delegation of 45 Taiwan
Shares in Orsted A/S stock fell as much as 19 percent to a record low after US President Donald Trump’s administration blocked construction of an almost-finished offshore wind farm, throwing a wrench into a planned 60 billion kroner (US$9.4 billion) share sale backed by the Danish government.The Dan
A man stands behind garlands made of Indian rupee notes at a shop in Indian-administered Srinagar yesterday. US President Donald Trump has threatened to double import duties on India from 25 to 50 percent by tomorrow to punish New Delhi for buying oil from Russia. Indian exporters are scrambling for
SETBACK: Apple’s India iPhone push has been disrupted after Foxconn recalled hundreds of Chinese engineers, amid Beijing’s attempts to curb tech transfers
Apple Inc assembly partner Hon Hai Precision Industry Co (鴻海精密), also known internationally as Foxconn Technology Group (富士康科技集團), has recalled about 300 Chinese engineers from a factory in India, the latest setback for the iPhone maker’s push to rapidly expand in the country.The extraction of Chine
OPTIMISM: Stock market sentiment remained bullish at the start of the third quarter, with the TAIEX averaging 22,963 points last month, central bank data showed
The nation’s securities account balance, a gauge of retail investors’ confidence in local equities, rose to its highest level last month, as the TAIEX rallied 1,286.5 points — or 5.78 percent — in the month, data released on Friday by the central bank showed.The securities account balance increased
The prices of gasoline and diesel at domestic fuel stations are to rise NT$0.1 and NT$0.4 per liter this week respectively, after international crude oil prices rose last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday.Effective today, gasoline prices at CPC a
A jump in the share of foreign-born workers after the COVID-19 pandemic helped Europe bring inflation down without sharply slower growth, European Central Bank (ECB) President Christine Lagarde said on Saturday. A key factor “has been the rise in both the number and participation rate of foreign wor
China’s economy is buckling under the weight of tariffs and a deep-rooted property crisis, yet stocks are extending their bull run — a disconnect that is stirring doubts on the rally’s staying power.In just the past month, onshore stocks have added almost 1 trillion US dollars to their market value,
Texas is emerging as a key hub for global technology and manufacturing, attracting major Taiwanese companies, but rising wages and living costs are creating steep hurdles for investors, local businesses told CNA recently.With US President Donald Trump’s “Made in America” agenda and high tariffs on i
A fruit vendor, surnamed Lee, waits for customers at a market in Changhua County yesterday.
Non-fossil fuels now account for half of India’s installed energy capacity — years ahead of schedule — but the third-largest greenhouse gas polluter remains deeply reliant on coal for electricity generation.“A landmark in India’s energy transition journey,” Indian Minister of Renewable Energy Pralha
In a video gaming landscape often dominated by fantasy duels and kinetic gunfights, one different genre is standing out in the Gamescom trade fair in Germany: firefighting.Both Firefighting Simulator Ignite from German developer Weltenbauer and French studio Exkee’s Rescue Ops: Wildfire see themselv
A German company is putting used electric vehicle batteries to new use by stacking them into fridge-size units that homes and businesses can use to store their excess solar and wind energy.This week, the company Voltfang — which means “catching volts” — opened its first industrial site in Aachen, Ge
NINE-MONTH HIGH: An influx of new graduates and summer jobseekers contributed to the increase, with unemployment among university graduates hitting 4.63 percent
Last month’s unemployment rate edged up to 3.4 percent, the highest in nine months, due to an influx of new graduates and students seeking summer jobs, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.The number of unemployed people climbed by 5,000 from June to 40
Hon Hai Precision Industry Co (鴻海精密), a major iPhone assembler, yesterday said it has inked a memorandum of understanding (MOU) with Mitsubishi Fuso Truck and Bus Corp to develop and manufacture electric buses.Hon Hai and Mitsubishi are to collaborate through their respective automotive subsidiaries
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