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Tuesday, July 22, 2014
Hiwin, Advantech to set up joint venture to manufacture robots
Hiwin Technology (上銀科技) and Advantech Co. (研華股份) on Monday announced that a joint venture will be established to produce robots while facilitating Taiwan's supply chain in robot production.
Shipments of Acer Chromebooks surpassed those of Samsung in the global market in the second quarter of the year, according to a Taiwanese market research firm.
RJ Reynolds to fight US$23.6 bil. verdict
The No. 2 U.S. cigarette maker is vowing to fight a jury verdict of US$23.6 billion in punitive damages in a lawsuit filed by the widow of a longtime smoker who died of lung cancer.
McDonald's and KFC in China faced a new food safety scare Monday after a Shanghai television station reported a supplier sold them expired beef and chicken.
 > China
Detroit neighborhoods are being relit, its vacant homes are being sold off or torn down, its public transportation is cleaner and more often on schedule and the city has renegotiated some burdensome union contracts.
South Korea's capital Seoul said Monday it planned to ban the smartphone car-hailing service Uber, saying it raised passenger safety issues and threatened the livelihood of licensed taxi drivers.
 > Korea
Britain's biggest retailer Tesco said Monday that chief executive Philip Clarke will step down in October, as the troubled supermarket giant warned that first-half sales and profits would miss expectations.
World stock markets remained on the back foot Monday as tensions grew between Russia and the West over the downing of an airliner in eastern Ukraine.
The yen strengthened in Asia Monday as investors sought out lower-risk investments as a hedge against geopolitical uncertainty fuelled by the MH17 tragedy and Israel's ground offensive in Gaza, analysts said.
Oil prices fell further Monday as concern about Ukraine eased but still were elevated on anxiety about the Middle East.
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