Wednesday, September 2, 2015
Asian stocks sank Tuesday after more data showed weakness in mainland China's economy, while gold and the yen advanced as investors fled to safer assets.
Oil prices fell in Asia Tuesday, surrendering some of their big gains of a day earlier after data showed manufacturing activity in top energy consumer China contracted in August.
Fiat Chrysler Automobiles chief Sergio Marchionne is raising pressure on much larger rival General Motors (GM) for merger talks, saying in a Detroit interview the logic of the deal is "irrefutable."
The U.S. dollar lost ground for a second day Tuesday in line with a fall in Asian shares, as concerns about the global economy clouded the outlook for a long-awaited U.S. rate rise.
Tuesday, September 1, 2015
Taoyuan Mayor Cheng Wen-tsan (鄭文燦) confirmed yesterday that HTC Corp. (宏達電) will lay off 400 people in Taoyuan and that his government will assist HTC workers find new jobs in the high-tech sector.
Largan Precision Co.'s (大立光) revenues grew 44 percent in the first half of 2015, while revenues for the rest of Taiwan's precision optics industry shrank 7 percent during the same period, an industry group said.
Taiwan's HTC Corp. (宏達電) is ready to take advantage of Japan's unlocked phone market, since wireless carriers there have recently lifted the network restrictions on their subscribers.
Shares in Taiwan ended dramatically higher Monday thanks to a buying surge near the end of the session, dealers said.
Protesting French seamen ended their blockade of the northern port of Calais in the early hours of Monday, after stranding thousands of cross-Channel ferry passengers on a busy bank holiday weekend in Britain.
China Construction Bank (CCB), one of the country's biggest state banks, said net profit for the first half of the year were flat, hit by rising bad loans.