Wednesday, September 2, 2015
Millions of India's workers have vowed to go on strike on Wednesday against right-wing Prime Minister Narendra Modi's "anti-labour" economic policies.
U.S. stocks traded sharply lower Tuesday as poor factory data from China sparked another round of global equity selloffs.
Canada fell into recession in the first half of the year, government data confirmed Tuesday, posting its weakest results since the 2008 global financial crisis.
Morgan Stanley on Tuesday slashed its forecasts for Taiwan's economic growth this year and next year due to worsening exports and a slowdown in domestic consumption.
Trade association Semiconductor Equipment and Materials International (SEMI) forecast Tuesday that the worldwide semiconductor equipment market will grow 3 percent to US$38.44 billion this year, a downward revision from a mid-July projection of 7.1 percent.
The Ministry of Labor (MOL, 勞動部) yesterday forecast that job market growth will hit a seven-year low in the fourth quarter.
Taiwan's Advanced Semiconductor Engineering Inc. (ASE, 日月光), the world's biggest chip packager and tester, said on Tuesday its "good intentions" to buy up to 25 percent of its rival Siliconware Precision Industries Co. (SPIL, 矽品) were still in place.
Natural gas power generation should be prioritized to help tackle South Africa's dire energy crisis that has hobbled growth and led to rolling black-outs, said a report released Tuesday.
Shares in Taiwan took a plunge Tuesday amid lingering concerns over the global economy, in particular after manufacturing activity in mainland China, the second-largest economy in the world, continued to weaken, dealers said.
Taiwan-based Hon Hai Precision Industry Co. (鴻海), the world's largest contract electronics maker, is expected to invest in Greendust, an Indian 3C and home appliance online retailer, according to the Economic Times of the South Asian country.