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Monday, March 2, 2015
China's manufacturing activity contracted for the second straight month in February, the government said Sunday, a day after the central bank announced an interest rate cut to help stem a slump in the world's second-largest economy.
 > China
South Korea has been portrayed as the biggest threat to Taiwan's machine tool sector as it prepares to sign a free trade deal with China, but one Taiwanese machine tool executive says the sector is currently under much greater pressure from Japan.
The number of South Korean tourists visiting Taiwan reached a record high in 2014 and is expected to continue to grow this year, a Taiwan tourism official stationed in Seoul said Saturday.
 > Taiwan
Ahead of the March 2-5 Mobile World Congress trade show in Spain, Taiwanese PC maker Acer Inc. (宏碁) unveiled a new Windows-based smartphone on Sunday that can be upgraded to accommodate the future Windows Phone 10 operating system.
Taiwanese IC companies said on Sunday that their primary objective this year will be to capture a share of the rapidly expanding market for automotive display chips.
The European Central Bank will unveil the details of the bond purchase program it is embarking on later this month at its next meeting, but is unlikely to announce any new policy measures, analysts said.
Buffett reflects on his firm's success, strength
Investor Warren Buffett believes his company, Berkshire Hathaway, will continue to thrive for decades thanks to its vast and varied collection of “remarkable businesses” and investments, which will help it withstand challenges in any one sector.
The combined global market share for the world's two top tablet vendors, Apple Inc. and Samsung Electronics Co., for the first time has fallen beneath 50 percent, as smaller players edge in with more innovative designs and cheaper products, according to mobile research firm Strategy Analytics.
The top executives of Taiwanese smartphone maker HTC Corp. have arrived in Spain to prepare for the company's new product launch at the Mobile World Congress, the world's biggest mobile show scheduled for March 2-5.
 > Taiwan
Bailed-out Spanish financial giant Bankia announced Saturday an 83-percent jump in its 2014 net profits to 747 million euros, though the group remains under investigation for an ill-fated 2011 stock listing.
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