Monday, March 3, 2014
Billionaire Warren Buffett is confident that Berkshire Hathaway will be a mainstay of the U.S. economy for the next 100 years, regardless of whether it sometimes underperforms bull market runs, like it did last year.
Sunday, March 2, 2014
A U.S. court has cleared Cisco Systems over liability for human rights abuses in China, in a case closely watched by the global technology sector and activists.
Saturday, March 1, 2014
The troubled MtGox Bitcoin exchange filed for bankruptcy protection in Japan Friday, with its chief executive saying it had lost nearly half a billion U.S. dollars worth of the digital currency in a possible theft.
With after-tax profits touching NT$6.704 billion, Fubon Financial Holding Co. (富邦金控) not only set the highest monthly record ever for January but also became Taiwan's most profitable financial holding company.
With the global steel market gradually on the mend, Taiwan-based China Steel Corp. (CSC, 中鋼) scored pretax profits of NT$23.207 billion, or about NT$1.5 per share, for 2013 to meet market expectations, according to the firm's latest financial statement.
Facebook Inc.'s penetration rate in Taiwan is higher than in any other market in the world, an executive of the world's largest social network said Thursday.
Despite the mixed January results from many Taiwanese companies, Everlight Electronics Co. (億光電子) Chairman Robert Yeh (葉寅夫) stressed that the global light-emitting diode (LED) industry will emerge from hard times this year.
Taiwan Star (台灣之星), a new entrant to the telecom sector backed by the Ting Hsin International Group (頂新集團) and hoping to carve out its share of the forthcoming fourth-generation (4G) mobile broadband network, yesterday revealed through regulatory filings that the company is poised to raise NT$12 billion in capital by issuing new shares slated to be purchased by two heavyweight enterprises.
Union leaders Friday said Qantas boss Alan Joyce could not justify why he needs to cut 5,000 jobs during crisis talks as the carrier stepped up pressure on the government to help stem massive losses.
A Spanish-led construction consortium said Friday it had struck a deal resolving a financial row over its expansion of the Panama Canal, which handles five percent of the world's maritime trade.