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Sunday, February 7, 2016
Italian banking shares are getting battered this year as the government tries to bundle and dispose of billions of euros in bad loans while attempting to reform and consolidate the ailing sector.
Volkswagen says it is postponing release of its full-year earnings as well as its annual shareholder meeting due to open questions about its diesel emissions scandal.
Saturday, February 6, 2016
Hon Hai-Sharp deal 90% done: Gou
Sharp Corp. denied reports of Hon Hai Precision Industry's (鴻海) confirmation of an agreement to become the preferred negotiating partner with the Taiwanese iPhone assembler on Friday.
The U.S. trade deficit rose in December as American exports fell for a third straight month, reflecting the pressures of a stronger dollar and spreading global weakness. Those factors contributed to the first annual drop in U.S. export sales since the Great Recession shrank global trade six years ago.
In 2015, the Bosch Group recorded sales of over 70 billion euros for the first time, according to preliminary figures. The company succeeded in increasing revenue by approximately 10 percent last year, according to a press release from the firm.
The Taiwan Stock Exchange Co. (TWSE) announced that the securities net overbought position by foreign investors was NT$9.14 billion during the week of Feb. 1-3. This represented the difference between NT$82.64 billion securities bought and NT$73.50 billion securities sold, according to a press release from the TWSE.
 > Taiwan
The Shanghai Commercial & Savings Bank (SCSB, 上海商銀) has rolled out limited "lucky money" freebies for people who hand in SCSB ATM deposit receipt slips, or "Like" its Facebook page.
LinkedIn shares plunged as much as 28 percent in after-hours trading Thursday after the company reported better-than-expected results for the fourth quarter but provided a weak forecast for 2016.
Tribune Publishing, the troubled owner of the Chicago Tribune and other newspapers around the country, said it received a US$44.4 million cash infusion from a Chicago investor who has a stake in its rival newspaper the Chicago Sun-Times.
Friday, February 5, 2016
Hon Hai appears to lead in bid for Sharp
Sharp Corp. said Thursday that cooperating with Hon Hai Precision Industry (鴻海) would yield a synergistic effect, but declined to state that the Taiwanese company's rescue plan has been chosen, as reported in the media.
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