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Sunday, July 20, 2014
Shares of smartphone camera lens supplier Largan Precision Co. (大立光) came under pressure Friday morning, extending their losses from a session earlier, although the company reported a record high net profit for the second quarter of the year, dealers said. Many investors preferred to lock in the gains they had built in the stock in recent sessions, hoping that Largan will report bottom line growth for the past quarter, they said.
 > Taiwan
With global demand on the rise on the back of an economic recovery, Taiwan's export orders for June are expected to continue to rise, growing more than 5 percent from a year earlier, the Ministry of Economic Affairs said Saturday.
 > Taiwan
Shipments of Taiwan-made cellphones in the second quarter grew by some 30 percent from both a year earlier and a quarter earlier, driven by local brands' intensive efforts to launch new models, a research report said.
 > Taiwan
A Taiwan-sponsored international trade show of parts and components for automobiles and motorcycles opened in Yangon, Myanmar, featuring 97 exhibitors from eight countries.
 > Taiwan
Saturday, July 19, 2014
Chinese leader woos Latin America with deals
China's president pressed a charm offensive with Latin America on Thursday, signing deals with Brazil, meeting regional leaders and proposing a US$20 billion infrastructure fund that highlights Beijing's growing interests in the region.
The highly anticipated U.S. stock offer by Chinese e-commerce giant Alibaba will take place after September 1, the official Xinhua News Agency on Friday quoted an anonymous source as saying.
Global information and communication technology (ICT) companies had an overall more optimistic outlook for the third quarter of the year than the previous quarter, according to the results of a survey released Friday.
Shire Pharmaceuticals has accepted a 32-billion-pound (US$54 billion) takeover bid from AbbVie, the two companies announced on Friday, in a deal aimed at slashing the U.S. giant's tax bill.
Hewlett-Packard said Thursday that chief executive Meg Whitman would chair the U.S. tech giant, after the resignation of non-executive chairman Ralph Whitworth.
Fund managers of several financial institutions in charge of the nation's labor retirement and pension funds are suspected of manipulating stock prices for private gain, while contributing to more than NT$60 million in loss to the funds.
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