Wednesday, April 23, 2014
Sales of existing U.S. homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers.
The Hong Kong-listed shares of China Resources plunged on Tuesday after the head of the state-owned Chinese conglomerate was sacked amid allegations of corruption.
Shandong Airlines, one of China's smaller carriers, said it has agreed to buy 50 passenger planes from U.S. manufacturer Boeing for US$4.6 billion, in another sign of the country's growing demand for air travel.
While the average earnings of employees in the industrial and service sectors in January and February hit record highs in recent years, the average real wages were lower than the level registered 16 years ago due to an increase of 3.8 percent in the consumer price index (CPI) for the two-month period, according to official data.
Tesla Motors Inc. delivered its first eight electric sedans to customers in China on Tuesday and CEO Elon Musk said the company will build a nationwide network of charging stations and service centers as fast as it can.
China will cut the amount of funds rural banks must keep in reserve by up to two percentage points, the central bank said Tuesday, easing monetary policy in a bid to boost its slowing economy.
The Taiwan External Trade Development Council (TAITRA) signed an agreement Tuesday with the Business Development Department of Oregon to expand cooperation in various technology sectors.
HTC Corp. has announced three smartphones for the India market that range from high-end to entry-level models, part of Taiwanese handset maker's efforts to boost sales in the second quarter.
Taiwan's Catcher Technology Co., a casing supplier for Apple Inc., will benefit from next-generation iPhone product cycle and the growing adoption of metal casings in smartphones, Morgan Stanley said Monday in a research note.
Xiaomi Corp., a fast-growing Chinese maker of cheap smartphones, is working on its first tablet computer with chipmakers Intel Corp. and Nvidia Corp. to cash in on China's tablet market, according to the Topology Research Institute.