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Monday, July 21, 2014
Morgan Stanley has recommended four Taiwan-listed stocks in the display supply chain in the third quarter of 2014 due to increasing demand for ultra-HD televisions and inventory build-ups for the iPhone 6.
Amid upbeat sentiment about Taiwan Semiconductor Manufacturing Co.'s (TSMC, 台積電) high-end technology processes, several foreign brokerages have raised their forecasts for the contract chip maker's earnings.
Several foreign brokerages have raised their target prices on shares of Largan Precision Co. (大立光) to more than NT$3,000 (US$100) after the Taiwan-based smartphone camera lens supplier reported a new high in net profit for the second quarter of this year.
Sunday, July 20, 2014
The publisher of the U.S. business magazine Forbes (富比士) said Friday a controlling stake in the group had been sold to a Hong Kong-based investment consortium.
Indian retail-to-energy group Reliance Industries Ltd reported a record US$1 billion net profit for the financial first-quarter, fuelled by a strong petrochemicals performance.
Saturday, July 19, 2014
The highly anticipated U.S. stock offer by Chinese e-commerce giant Alibaba will take place after September 1, the official Xinhua News Agency on Friday quoted an anonymous source as saying.
Shire Pharmaceuticals has accepted a 32-billion-pound (US$54 billion) takeover bid from AbbVie, the two companies announced on Friday, in a deal aimed at slashing the U.S. giant's tax bill.
Hewlett-Packard said Thursday that chief executive Meg Whitman would chair the U.S. tech giant, after the resignation of non-executive chairman Ralph Whitworth.
Fund managers of several financial institutions in charge of the nation's labor retirement and pension funds are suspected of manipulating stock prices for private gain, while contributing to more than NT$60 million in loss to the funds.
Evergreen Marine expected to swing to profit in Q3
A ranking officer in the Evergreen Group (長榮集團) on Friday revealed that Evergreen Marine will return to profit on the back of a stable market recovery and the rate hike for U.S. and EU lines.
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