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Inventec eyes margin in growth drive

By Ted Chen

Inventec Corp (英業達) yesterday said it is prioritizing margin improvement as it expands production capacity and aims for growth. The company is building new plants and expanding capacity in Shanghai and Nanjing, as it has decided to fight back against Chinese rivals. “We have turned toFULL STORY

Sovereign fund backing Yum China deal: sources

China Investment Corp (中國投資) is backing a potential takeover of Yum China Holdings Inc (百勝中國), which runs KFC and Pizza Hut outlets in the world’s most populous nation, people with knowledge of the matter said. The sovereign fund and DCP Capital, an investment firm run byFULL STORY

Innolux sees first quarterly loss in years as prices drop

By Lisa Wang

Innolux Corp (群創), an LCD panel manufacturing arm of Hon Hai Precision Industry Co (鴻海精密), yesterday reported its first quarterly loss in about two years for last quarter, as selling prices slumped due to sagging demand for TV panels and a supply glut. The Miaoli County-basedFULL STORY

MSCI reduces Taiwan’s weighting in several indices

Global index provider MSCI Inc has cut Taiwan’s weighting in its Emerging Markets Index and the All-Country Asia ex-Japan Index, while leaving the nation’s weighting in the All-Country World Index unchanged. The weighting changes came after a quarterly index review. Data compiled by Yuanta Securities Investment TrustFULL STORY

Lite-On optimistic on profitability after shedding camera, mechanics businesses

By Ted Chen

Lite-On Technology Corp (光寶科技) is upbeat on profitability this quarter as it trims its struggling smartphone camera module and mobile mechanics businesses. The company last week announced that it has completed the transfer of its compact camera module business and recognized impairment and operating lossesFULL STORY

TSMC to spend US$4.49bn on capacity, development

By Lisa Wang

Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said its board of directors has approved capital appropriations of US$4.49 billion, primarily to expand advanced technology capacities and to fund research and development. The world’s biggest contract chipmaker said in a statement that it plans to use theFULL STORY

Chinese investment falls to record low

China’s economy is showing signs of cooling further as the US prepares even tougher trade tariffs, with investment slowing to a record low and consumers turning more cautious about spending, data released yesterday showed. Fixed-asset investment growth slowed more than expected to 5.5 percent from JanuaryFULL STORY

German economic growth stronger than expected

The German economy picked up more steam than expected in the second quarter, driven by higher household and state spending, suggesting that Europe’s biggest economy is powering ahead, despite trade-related business uncertainties. GDP grew 0.5 percent quarter-on-quarter, the German Federal Statistical Office said yesterday. That comparedFULL STORY

Eurozone second-quarter growth exceeds forecasts

Eurozone growth was better than expected in the second quarter of this year, flash estimates from the EU’s statistics office Eurostat showed yesterday, in a sign that the negative effect of global trade tensions might be seen only later in the year. While the economy expandedFULL STORY

Tech giants to face big fines under new Australian laws

Tech companies could face fines of up to A$10 million (US$7.3 million) if they fail to hand over customer information or data to Australian police under tough laws unveiled yesterday. The Australian government is updating its communications laws to compel local and international providers to cooperateFULL STORY

Mobius warns of Turkey’s peril to emerging markets

There is a “real possibility” that Turkey would impose capital controls to stem the plunge in the lira, which would be bad for the whole developing-nation asset class, veteran emerging-markets investor Mark Mobius said. “If Turkey is forced to close the foreign exchange window so thatFULL STORY

VF to spin off jeans, focus on athleisure

VF Corp, which rose to prominence on the strength of its Lee and Wrangler jeans, wants to pivot away from denim to focus on faster-growing trends such as athleisure and outdoor apparel. The spin-off to shareholders, which would allow VF to retain trendier brands like NorthFULL STORY

World Business Quick Take

AUTOMAKERS NIO files for New York IPO NIO (蔚來汽車), an electric car maker seeking to compete with Tesla Inc, has filed for a US$1.8 billion initial public offering (IPO), becoming the first Chinese automaker to seek a listing in the US. The company, backed by technology giantFULL STORY

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