Tuesday, April 15, 2014
The global market for wearable devices will grow substantially over the next four years, as technology development is now focused on such devices, according to a report by the Institute for Information Industry (III).
Taiwan Stock Exchange (TWSE) data shows that foreign institutional investors (FINIs) last week overbought local shares worth NT$21.41 billion, an over 40-percent drop from the NT$36.45 billion a week earlier.
Shares in Taiwan ended lower in thin trading Monday as investors stayed on the sidelines following recent losses on the U.S. stock market.
Worldwide smartphone shipments will grow in the second quarter of the year with the arrival of the industry's traditional peak season, according to a local market information advisory firm.
China's economic expansion slowed in the first three months of this year, according to an AFP survey, and remains on track for its worst annual performance in nearly a quarter-century as reform priorities trump growth concerns.
A group of Chinese state-owned companies is buying a Peruvian copper mine from Glencore Xstrata PLC for US$5.85 billion, adding to a wave of Chinese resource acquisitions abroad.
Singapore's economic growth slowed sharply in the first three months of the year, data showed Monday, but the central bank stood pat on monetary policy, saying it would be lifted by a pick-up in global growth.
The United Arab Emirates finance minister said Sunday that officials are finalizing a new law to boost entrepreneurship with broad incentives, part of a wider push to create jobs for a burgeoning young population.
Riding on its startup success and flush with fresh capital, taxi-hailing smartphone app Uber is making a big push into Asia. There's a twist, though: Instead of being the game-changing phenomena it was in the U.S., Uber faces a slew of competitors using similar technology.
Eurozone industrial output edged higher in February, official data showed Monday, in line with recent data showing a very modest economic recovery in the single currency bloc.