Tuesday, April 15, 2014
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.
Monday, April 14, 2014
Chinese conglomerate Sanpower has agreed to buy a majority stake in British department store House of Fraser in a deal worth 480 million pounds (US$800 million), according to a joint statement.
Nobel Peace Prize winner Muhammad Yunus paid a visit to CTBC Charity Foundation on Saturday, where he lauded CTBC Bank's effort to provide loan services to the poor and help them break out of poverty.
After years of record profit growth, tech giant Samsung Electronics looks to be at a commercial crossroads as it searches for a new growth driver to counter slowing sales of its phenomenally successful smartphones.
On the surface, Sun Pharma's US$3.2-billion purchase of Indian generics rival Ranbaxy, which is in deep trouble with U.S. regulators over safety lapses, may not look like a great deal.
Saturday, April 12, 2014
The first-quarter net income of Taiwan's financial holding companies (FHCs) reached a new high of NT$70.1 billion, with Cathay Financial Holding (國泰金控) seeing the largest annual growth of 78 percent.