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August, 29, 2016

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Business > Company Focus
AT&T is joining Verizon in raising the prices of some of its data plans.
 
Singapore Telecom said Thursday it will spend US$1.8 billion to take a stake in Thailand's Intouch and raise its share of India's Bharti, boosting its access to fast-growing Asian and African mobile markets.
 
Nestle, the world's largest food company, on Thursday reported a 9.1-percent fall in profits through the first six months of 2016, but said its sluggish performance should be reversed in a strong second half.
 
Hong Kong flag carrier Cathay Pacific said Wednesday its first-half profit dropped 82 percent from a year earlier, with the company hit by an economic slowdown in China and increasing competition from its peers.
 
Ford says it intends to have a fully autonomous car on the road by 2021
Ford Motor Co. intends to have a fully driverless vehicle -- no steering wheel, no pedals -- on the road within five years. The car will initially be used for commercial ride-hailing or ride-sharing services, with sales to consumers coming later.
 
The Financial Supervisory Commission (FSC, 金管會) said Wednesday it will look into rumors that local tycoon Samuel Yin (尹衍樑) held shares in CTBC Financial Holding Co. (中國信託), one of Taiwan's leading financial holding companies, which exceeded regulation levels.
 
Ford to invest $75M in autonomous vehicle sensor company
Ford and the Chinese search engine company Baidu will each invest $75 million in Velodyne, a company that makes laser sensors that help guide self-driving cars.
 
Economics Ministry announces  flexible display industry strategy
The Economics Ministry announced Tuesday its strategy to develop the flexible display industry in Taiwan, with the objective of turning the island into an AMOLED headquarters.
 
Google's Duo joins a crowded field of video chat applications
Knock, knock, Google's video chatting app has arrived.
 
BHP Billiton on Tuesday reported an annual net loss of US$6.39 billion, its worst-ever result, as the impact of a mine dam disaster in Brazil and weak commodity prices hit the world's biggest miner.
 
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