Saturday, October 18, 2014
Although smartphone camera lens supplier Largan (大立光) Precision Co. reported better-than-expected earnings for the third quarter on Thursday, its share price faced heavy downward pressure on the local main board throughout Friday trading, dealers said.
Volkswagen's Chinese joint venture will recall more than 500,000 cars in China due to a defect in the rear axles, state media said Friday.
Taishin International Bank (台新銀行) recently became the first bank in Taiwan to concurrently team up with four third-party payment service providers, as the bank readies itself to make headway in the payment business.
Asustek Computer (華碩電腦) recently posted better-than-expected consolidated revenues of NT$123.93 billion for the third quarter, a 17.8-percent sequential growth rate and a 4.13-percent increase from the same quarter in 2013.
Having seen sales impacted by U.S. anti-dumping measures, Solartech Energy (昇陽光電) and Tainergy Tech (太極能源) are currently expanding their overseas capacities in Malaysia and Vietnam, respectively.
Shares in Taiwan, and especially high-tech heavyweights, took a beating Friday amid investor fears of volatility in global equity markets and lingering food safety concerns at home, dealers said.
Virgin on Friday took full control of budget carrier Tigerair Australia, buying the remaining 40 percent it did not already own for AU$1 (88 U.S. cents) from its Singapore-listed parent.
Rolls-Royce, the British maker of engines, announced on Friday that it was slashing its earnings forecasts partly as result of Western trade sanctions against Russia, causing a share price collapse.
Google's third-quarter earnings slipped as the Internet search leader hired nearly 3,000 more employees while pouring more money into its zest for innovation and quest for new markets.
Starbucks says it will start letting customers across the country place orders ahead of time on their smartphones by next year.