Computer and IT second-quarter revenue grew 11.4%

The computer and information technology (IT) service sector saw revenue grow 11.4 percent in the second quarter to NT$89.2 billion (US$2.84 billion), the third-highest...

Popularity of listening in true wireless stereo soars

So-called “true wireless stereo” (TWS) headphones have seen rising demand and helped several smartphone and smart speaker brands to break out in the market...

Yummy Town net income rises 23%

Yummy Town Holdings Corp (雅茗天地集團) reported that net income in the first half of this year grew 23 percent year-on-year to NT$71.36 million (US$2.28...

Primax to set up Thailand subsidiary

Audio and PC peripherals maker Primax Electronics Ltd (致伸科技) is to set up a subsidiary in Thailand to diversify macroeconomic risks amid the US-China...

Diesel prices to rise NT$0.1 per liter, gasoline no change

Taiwan’s two major fuel suppliers yesterday announced a price increase of NT$0.1 per liter for diesel this week, while gasoline prices remain unchanged.State-run oil...

Bond traders are hostage to a global gloom

US Treasuries investors are casting a wary eye abroad after a barrage of sloppy overseas data roiled the world’s biggest bond market.Fears of a...

Group faces fine for sanctions breaches

Banking group Standard Chartered PLC is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday.Britain’s Office of Financial Sanctions...

Standard Chartered retains GDP forecast

Standard Chartered Bank has maintained its 2.1 percent growth forecast for Taiwan’s economy this year after lowering its projection in April from 2.5 percent.Tony...

Softbank to lend employees up to US$20 billion

Softbank Group Corp is planning to lend as much as US$20 billion to its employees to buy stakes in its second venture capital fund...

GDP forecast rises on growing exports

The Directorate-General of Budget, Accounting and Statistics (DGBAS) yesterday raised its forecast for GDP growth this year to 2.46 percent, ending three downward revisions,...

NT dollar advances as greenback stalls on soft sentiment

The New Taiwan dollar on Friday rose against the US dollar, gaining NT$0.039 to close at NT$31.366, flat from NT$31.363 on Aug. 8.The market...

Oil has weekly gain on hopes of possible trade detente

Oil on Friday halted a two-week losing streak as trade tensions between the US and China showed signs of easing, soothing a volatile market...

German stimulus hopes lift European equities

European shares on Friday rebounded from six-months lows, ending a tumultuous week on a positive note as hopes of fiscal stimulus from Germany lifted...

US stocks finish turbulent week with large gains

You are not the only one confused about where the economy is headed. Just look at the stock market, where perplexed investors have been...

TAIEX follows Wall Street in rebound

Local shares on Friday staged a technical rebound from a slump a session earlier as investors took cues from gains posted by US markets...

Princess Yachts undergoes revolution under Sheriff

Antony Sheriff came to Princess Yachts International PLC three years ago, not long after leaving McLaren Automotive. He expected to bring lessons learned from...

Electric vehicles still waiting for Hollywood

Ever since James Dean reveled in teen angst in his Mercury coupe in the 1955 classic Rebel Without a Cause, cars have been pumping...

AI start-up sets sights on going public with a valuation of more than US$1bn

The promise of artificial intelligence has yet to translate into big business. Now, Lee Kai-fu (李開復), a prominent venture capitalist in China and founder...

Goldman cuts forecasts for Asian Tigers’ growth

Goldman Sachs Group Inc on Thursday slashed growth forecasts for the Asian Tigers as their exposure to the world economy — once one of...

GE shares plunge most in 11 years on analyst report

General Electric Co (GE) on Thursday tumbled the most since 2008 after a prominent financial examiner working with a short seller accused the company...

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