Wednesday, April 16, 2014
Indian outsourcing giant Infosys on Tuesday reported quarterly net profit rose by a surprise 25 percent, lifted by new European and U.S. contracts, as it forecast an increase in annual revenues.
Tuesday, April 15, 2014
Far EasTone Telecommunications Co., Taiwan's third-largest mobile operator, announced yesterday its own-branded mid-tier 4G smartphone to make inroads into the country's new 700 megahertz (MHz) frequency.
Mobile chips used in Apple Inc. products may account for 20 percent of the sales of Taiwan Semiconductor Manufacturing Co. (TSMC) in the next two years, according to a Barclays PLC research note.
Tigerair Taiwan, a new budget carrier that will fly initially between Taiwan and other Asian destinations, is hoping to begin services in October at the earliest, its newly appointed chief executive officer said yesterday.
Taiwan's HTC Corp. will release a plastic version of its newest flagship smartphone in China next month to undercut the prices of competing products like Samsung Electronics Co.'s Galaxy S5, according to a media report.
Nomura Securities (野村證卷) yesterday stated that TSMC's (台積電) second-quarter performance may grow as much as 20 percent, exceeding the 15 percent expected by the market, while raising the company's target share price from NT$123 to NT$129, ahead of the company's earnings conference scheduled this Thursday.
A group of Chinese state-owned companies is buying a Peruvian copper mine from Glencore Xstrata PLC for US$5.85 billion, adding to a wave of Chinese resource acquisitions abroad.
U.S. bank Citigroup has cut between 200 and 300 additional jobs, most in the global markets business, The Wall Street Journal reported Sunday.
Anglo American's chief executive has hinted that the mining titan is looking to offload its strike-hit South African platinum mines to concentrate on open-cast extraction.
German heavy industry giant ThyssenKrupp said on Monday it is in talks with Saab of Sweden over the sale of its Swedish shipywards business.