Saturday, March 7, 2015
Shares of Largan Precision Co. (大立光) moved higher Friday morning, recovering from their earlier losses, as investors left behind the negative leads from the company's more than 30 percent month-on-month sales decline in February, dealers said. The gains showed that the market is hoping the smartphone camera lens supplier's sales growth will pick up in March, after the slowdown in February due to a reduced number of working days because of the 6-day Lunar New Year holiday, dealers said.
The U.S. dollar fell against the New Taiwan dollar Friday, shedding NT$0.057 to close at NT$31.450 as foreign institutional buying in Taiwan's stock market boosted demand for the local currency, dealers said.
They are both tough men of a certain age used to getting their way.
Apple supplier Japan Display said Friday it would spend US$1.4 billion on a new smartphone and tablet screen factory, in a move that may be a response to growing demand from the U.S. iPhone maker.
U.S. online retail giant Amazon has set up shop on the business-to-consumer platform of Alibaba as it seeks a greater presence in the massive Chinese market.
Singapore has won praise for creating a robust environment where intellectual property (IP) rights are protected and enforced.
German holidaymakers are increasingly flocking to Greece, leaving the acrimonious wrangling between the two capitals over Athens' debt mountain, halting reforms or fears of a “Grexit” to the politicians.
Chinese conglomerate Fosun International announced Friday it had bought a five percent stake in UK-based tour operator Thomas Cook in its latest foray into the travel market.
European stocks traded cautiously ahead of a U.S. jobs report Friday that could influence when the Federal Reserve raises interest rates this year. Asian markets were mostly higher after being buoyed by positive news about the global economy.
The dollar was steady ahead of a key U.S. jobs report later Friday, while the euro struggled after the European Central Bank (ECB) released details of an unprecedented monetary easing plan designed to lift the faltering eurozone economy.