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Asia Top News and Analysis Taiwan

  • TOKYO, April 14- Apple Inc is considering teaming up with its supplier Foxconn to bid for Toshiba Corp's semiconductor business, public broadcaster NHK said on Friday- the latest twist in the sale of the world's second-biggest flash memory chipmaker. Foxconn, which participated in the first round of the auction, has been considered such a risk due to its deep ties...

  • *Taiwan transport authorities welcome Uber's move. TAIPEI, April 13- Uber Technologies Inc said is will resume its ride-hailing service in Taiwan on Thursday after talks with the island's authorities, ending a two-month suspension that came after fines from the government. Taiwan's highway bureau, which is part of the transport ministry, said that it welcomed...

  • TAIPEI, April 13- Uber Technologies Inc said it will resume its ride-hailing service in Taiwan on Thursday after "constructive talks" with island authorities, ending a two-month suspension that came after mounting fines from the government. Uber, headquartered in San Francisco, has faced legal scrutiny in markets across Asia, including in Macau and Japan.

  • *Guides Q2 revenue T $213 billion- T $216 billion. *Guides Q2 gross margin 50.5 percent- 52.5 percent. *Guides Q2 operating margin 39 percent- 41 percent Further company coverage:.

  • TAIPEI, April 13- Taiwan Semiconductor Manufacturing Co on Thursday said profit rose 35.3 percent in the first quarter, below estimates, after revenue for the world's largest contract chipmaker and major supplier to Apple Inc missed guidance. That missed the T $88.26 billion median analyst estimate in a Thomson Reuters/ Eikon poll. TSMC earlier this week said...

  • TAIPEI, April 13- Uber Technologies Inc said it will resume its ride-hailing service in Taiwan on Thursday after "constructive talks" with island authorities. "After constructive talks with transportation authorities, we are now partnering with licensed rental car companies to resume serving riders in Taipei," Uber said in a statement. The resumption of...

  • TAIPEI, April 13- Taiwan Semiconductor Manufacturing Co on Thursday said first-quarter profit rose 35.3 percent from a year prior, below expectations, and after revenue for the world's largest contract chipmaker and major supplier to Apple Inc missed guidance. The result was also worse than the T $88.26 billion median estimate in a Thomson Reuters/ Eikon poll.

  • *Regulation, China policy cited by LeEco as reason for drop. April 11- LeEco has scrapped a planned $2 billion acquisition of U.S. consumer electronics company Vizio due to regulatory issues, a fresh setback to the cash-strapped Chinese conglomerate's expansion drive. LeEco, one of China's most ambitious companies that grew from a Netflix-like video website to...

  • *Q1 exports to China, U.S. up 22 pct and 7.6 pct, respectively. TAIPEI, April 10- Taiwan's first-quarter exports surged the most in six years on solid demand from China and the United States, and the momentum could continue as suppliers stock components for Apple Inc's coming iPhone 8 and other tech gadgets. Taiwan is one of Asia's major exporters, especially of...

  • This photo taken on April 4, 2017 shows Philippine President Rodrigo Duterte gesturing as he delivers his speech during the 120th anniversary ceremony of the Philippine Army at Fort Bonifacio camp in Manila.

    Philippine President Rodrigo Duterte on Thursday ordered troops to occupy uninhabited islands it claims in the disputed South China Sea.

  • Motorists pass by the Saigon Notre-Dame Basilica in Ho Chi Minh City, Vietnam.

    Emerging Asia continues to drive global growth but it must ramp up productivity to graduate to high-income status, the Asian Development Bank warned.

  • HANOI, April 5- Formosa Plastics Corp's steel mill in Vietnam has met environment ministry conditions to start test runs, state television said on Wednesday, a year after a toxic spill from the plant caused the country's worst environmental disaster. State-run Vietnam television VTV said the ministry announced the conclusion after a three-day inspection...

  • TAIPEI, April 5- Taiwan plans to build eight submarines to bolster its current fleet of four ageing foreign-built vessels, a senior Taiwanese navy official said on Wednesday. The United States is obligated by U.S. law to help Taiwan defend itself, but its arms sales to Taiwan angers Beijing and has slowed down the pace of sales, defence experts said.

  • *Taiwan and China have used "dollar diplomacy". DAKAR/ TAIPEI, March 30- A state-run Taiwanese bank has successfully sued two African countries for $212 million in unpaid loans and brought a claim against a third, court documents showed, in a possible warning to allies who switched sides in Taiwan's spat with China. The three claims brought by the Export-Import Bank...

  • Stock markets everywhere have rallied so far in 2017, with Wall Street hitting record highs on hopes that the U.S. administration will usher in financial deregulation and sweeping tax cuts. Many are now arguing that markets have become too reluctant to consider several key risks, including potentially-disruptive elections in Europe and no guarantees that...

  • Chinese President Xi Jinping

    Chinese President Xi Jinping will travel to the United States to meet President Donald Trump at his Mar-a-Lago retreat in Florida on April 6-7.

  • high@ TAIPEI, March 29- Taiwan stocks were down on Wednesday, erasing early gains as the Taiwan dollar hovered near its strongest level in over two years. As of 0208 GMT, the main TAIEX index was down 0.1. The Taiwan dollar softened a touch to stand at.

  • VILNIUS/ TAIPEI, March 28- Taiwan- based electronics manufacturer Quanta Computer Inc has acknowledged that its name was used as part of an email fraud scheme that bilked two U.S.-based internet companies out of more than $100 million. He was arrested this month in Lithuania at the request of U.S. authorities and is currently in jail there. Rimasauskas' alleged...

  • Why this investor likes Asian equities

    Sarah Lien of Eastspring Investments says Asian equity markets are up by at least 12 percent this year.

  • *Taiwan c.bank stands pat on rates, supports stimulus. TAIPEI, March 23- Taiwan announced a T $882.4 billion stimulus package on Thursday to boost its export-driven economy in the face of uncertainty from its two largest trading partners, the United States and China. Taiwan's trade-reliant economy is showing signs of recovery, but it is highly vulnerable to...