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  • Foxconn puts $5.8B takeover of Sharp on hold

    The Taiwanese company is delaying sigining any takeover deal following a 'surprise' disclosure of possible financial risks.

  • *Foxconn says not yet signing deal, in last-minute twist. TOKYO/ TAIPEI, Feb 26- The chief executives of Sharp Corp and Foxconn plan to meet on Friday in China, a person familiar with the matter said, a day after the world's largest contract maker of electronic goods put its takeover of the Japanese firm on hold. A deal was also supposed to have signalled the opening up of...

  • *Foxconn says not yet signing deal, in last-minute twist. TOKYO/ TAIPEI, Feb 26- Sharp Corp CEO Kozo Takahashi and Foxconn Chief Executive Terry Gou plan to meet on Friday in China, a person familiar with the matter said, a day after the world's largest contract maker of electronic goods put its takeover of the loss-making Japanese firm on hold. The Japanese group had...

  • *Foxconn says not yet signing deal, in last-minute twist. *Sharp has previously undisclosed liabilities- sources. TOKYO/ TAIPEI, Feb 26- Shares in Sharp Corp plummeted on Friday after Taiwan's Foxconn put its takeover of the ailing Japanese electronics maker on hold, with sources saying previously undisclosed liabilities were responsible for the 11th hour...

  • *Foxconn says not yet signing deal in last-minute twist. *Sharp has previously undisclosed liabilities- sources. TOKYO/ TAIPEI, Feb 25- Taiwan's Foxconn put its takeover of electronics maker Sharp Corp on hold on Thursday after discovering previously undisclosed liabilities, sources said, throwing into doubt what was set to be the biggest takeover by a foreign...

  • TAIPEI/ TOKYO, Feb 25- Taiwan's Foxconn has put its takeover of Japanese electronics maker Sharp Corp on hold after becoming aware of previously undisclosed liabilities, two people with direct knowledge of the matter told Reuters on Thursday. Loss-making Sharp said earlier in the day that it had agreed to be bought by Foxconn, a contract manufacturing firm, in...

  • Sharp accepts Foxconn offer

    The Japanese electronics giant agrees to a takeover by the Taiwanese firm in a landmark deal.

  • *Sharp to issue shares worth around $4.4 bln. TOKYO/ TAIPEI, Feb 25- Sharp Corp on Thursday agreed to be bought by Foxconn in what would be the biggest takeover of a Japanese tech firm by a foreign company, but the Taiwanese company said it needed to clarify terms and was not ready to sign. The loss-making display maker said it would issue around $4.4 billion worth of new...

  • TOKYO, Feb 25- Taiwan's Foxconn will acquire two-thirds of ailing electronics maker Sharp, marking the largest acquisition of a Japanese tech firm by a foreign company and bolstering its position as Apple Inc's biggest supplier. Sharp said it would issue around $4.4 billion worth of new shares to Foxconn, known formally as Hon Hai Precision Industry Co....

  • *Foxconn has offered to invest over $5.8 bln in Sharp- source. TOKYO, Feb 25- Sharp Corp has agreed to a takeover by Taiwan's Foxconn, sources familiar with the matter said, the largest acquisition of a Japanese tech firm by a foreign company and one that will bolster Foxconn's position as Apple Inc's biggest supplier. "Sharp has the technology to build out the...

  • *Taiwan orders from U.S. -9.5 pct; from China -11.9 pct. TAIPEI, Feb 24- Taiwan's export orders in January shrank the most in three years, as evidence mounts that Asia may be facing an export collapse in the first quarter. Orders from all of Taiwan's major markets- China, the United States, Europe and Japan-- fell at double-digit rates or close to it, suggesting a further...

  • *Scotiabank's strategy to exit Asia retail business-source. SINGAPORE/ HONG KONG, Feb 23- Canada's Bank of Nova Scotia has approached a unit of Bank of China, Maybank and two Japanese banks to gauge their interest in its $1.7 billion stake in Thai lender Thanachart, people familiar with the matter said. Scotiabank is the latest mid-sized Western bank in Asia to...

  • SINGAPORE/ HONG KONG, Feb 23- Canada's Bank of Nova Scotia has approached a unit of Bank of China, Fubon Financial Holdings, Maybank and Japanese lenders to gauge interest for its $1.7 billion stake in Thai lender Thanachart, people familiar with the matter said. The Canadian lender, which announced in December it was reviewing its Thanachart investment, wants to...

  • A worker grabs a nozzle at a PTT gas station in Bangkok, Thailand, January 5, 2016.

    The plunge in oil prices was supposed to help consumers by boosting their disposable incomes. Things aren't quite going according to plan.

  • China deployed missiles to South China Sea island: Taiwan

    Taiwan and US officials say China deployed an advanced surface-to-air missile system.

  • Rescue workers use a stretcher to take a victim to an ambulance at the site of collapsed buildings on February 7, 2016 in Tainan, Taiwan.

    A woman was pulled alive from a collapsed building and a man has been found trapped inside, more than 48 hours after an earthquake struck Tainan.

  • TAIPEI, Feb 6- Apple Inc supplier Taiwan Semiconductor Manufacturing Co Ltd said some silicon wafers were damaged at a plant in southern Taiwan where an earthquake hit early on Saturday, but that first-quarter shipments would be unaffected. The world's largest contract chipmaker has production facilities in Tainan city, around 315 km south of the capital...

  • OSAKA, Japan, Feb 5- Foxconn should be able to reach a deal to acquire Sharp Corp over the next two to three weeks, after the two firms reached a consensus on most points at a meeting on Friday, Chief Executive Officer Terry Gou said. Foxconn, known formally as Hon Hai Precision Industry Co, has officially been given preferred negotiating rights, he told reporters.

  • TAIPEI, Feb 5- Taiwan's banks are facing losses of millions or possibly billions of dollars from customer defaults on a popular derivative product- falling victim to the unexpected slide in China's currency. The island's financial regulator is scrambling to get a grip on the issue after China surprised global markets in August by devaluing the yuan.

  • Sharp prefers Hon Hai offer over state-backed fund

    The Japanese company's board members chose to give the Taiwan firm preferred negotiating rights.