Europe faces a “decade of stagnation” if it does not move on momentous reforms to put its fiscal house back in order, Bank of Canada Governor Mark Carney warned Tuesday.

A consortium comprising French, South Korean and Chinese companies has won a contract for a liquefied natural gas project in Canada, the French partner Technip said on Wednesday.

Europe's main stock markets fell on Wednesday, with London and sterling in focus following Bank of England minutes and mixed British data, and ahead of key testimony by U.S. Federal Reserve chief Ben Bernanke later in the day.

The yen edged down against the dollar and euro in Asia on Wednesday after Japan posted its worst ever April trade deficit, fueling yen-negative sentiment.

The price of oil fell Wednesday as investors waited for a report on U.S. crude stocks and the Federal Reserve's latest views on the U.S. economy.

Many flat panel module makers which specifically target North American markets are apparently pulling in orders as mobile phone panel supply remains tight this month, while the prices of flat panels for most other applications are expected to be stable in May.

Everest Textile Co. (宏遠興業) yesterday announced that C4, a carboxylic acid-based water resistance additive created through collaboration with the U.S.-based 3M, will be adopted into its own Taiwan-based clothing line.

MediaTek Inc. (聯發科技), Taiwan's largest handset chip designer, is expected to post stronger revenue growth in the third quarter thanks to lower-priced chips and improving production capacity, a Hong Kong-based brokerage said Monday.

Using an unusual global tax structure, Apple Inc. has kept billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a U.S. Senate report on the company's offshore tax structure said on Monday.

A group of ex-Nokia employees who quit over the company's decision to abandon the planned MeeGo operating system in favor of Windows presented their own smartphone on Monday, hoping to rival the sector's giants.