Asia-focused bank HSBC announced Wednesday that it will make another US$2-3 billion (1.5-2.3 billion euros) of new cost savings, as the group seeks to boost profitability.

Sony shares rocketed Wednesday after a U.S. hedge fund called for the partial sell-off of its entertainment unit, in a rare bid by a major foreign shareholder to penetrate Japan's staid corporate culture.

Microsoft Corp.'s forthcoming update to its personal computer operating system will be called Windows 8.1 and will be available later this year free to existing Windows 8 customers, the marketing chief for the Windows unit said on Tuesday.

Warren Buffett-backed Chinese carmaker BYD Co. Ltd. rolled out Hong Kong's first electric taxi fleet on Wednesday, marking a milestone for its all-electric battery car that highlights its promise and its limitations.

Taiwan's HTC Corp. fell out of the world'stop 10 smartphone makers in the first quarter as the company's sales continued to slide, tech tracking firm Gartner Inc. said in a report.

EVA Airways Corp. announced yesterday that it will increase its flights to Paris and Vienna to four from the current three per week from May 16 and Sept. 2, respectively.

Quanta Computer (廣達), one of Taiwan's leading computer manufacturers, yesterday announced its first-quarter results, reporting net income of NT$4.454 billion, the lowest in 9 quarters.

Shares of Inventec Corp., one of Taiwan's leading notebook computer ODM services providers, moved higher Tuesday morning after the company reported better-than-expected first-quarter results, dealers said.

nese smartphone maker HTC Corp. is likely to improve its share in China with the latest version of its flagship smartphone, the HTC One, and could offer stiffer competition to market leader Samsung, a local analyst said Tuesday.

Japanese electronics maker Sharp Corp. named a new president Tuesday, reshuffling its top management to help restore profitability after reporting a record loss.