Foxconn has announced fundamental changes to the way it relates to its workers by abandoning the model of running big ”factory towns” that has long underpinned Taiwanese and Hong Kong investment into China. The FT reports
Apple , Dell and Hewlett-Packard on Wednesday said they were investigating working conditions at Foxconn after a series of suicides at the contract electronics manufacturer’s main plant in southern China.
Markets opened lower for a third straight session on Thursday amid worries about the European debt crisis. Where should investors look to put their money? Mike Holland, chairman of Holland & Company and Sarat Sethi, partner and portfolio manager at Douglas C. Lane & Associates shared their insights.
American International Group could learn the fate of the stalled $2.2 billion sale of its Taiwan unit Nan Shan Life Insurance as early as Thursday, when Taiwan's parliament will review a report on the deal from the top financial regulator.
The Taiwanese employer of a young Chinese man who killed himself after being interrogated over a missing iPhone prototype has agreed to pay compensation to his family, a company official said Tuesday.
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Futures weakened a bit as initial jobless claims came in slightly higher than consensus.
Federal regulators have won a court order freezing the assets of financier Danny Pang, whom they accuse of defrauding investors of hundreds of millions of dollars.
Global stocks were up Thursday, ahead of the long Easter weekend, with banks and commodities leading the gains. Experts tell CNBC that while caution should reign when investing in banking stocks, commodities have potential over the long term.
Global stocks were down Wednesday, after poor results from U.S. aluminum producer Alcoa dragged Wall Street lower and sparked fears of a disappointing earnings season. Experts tell CNBC they see value in banks in China and Singapore, but stress caution when approaching markets.
Technology shares such as Japan's Elpida Memory and South Korea's LG Display have been on a rally. But what comes first — the D-Ram chip or the flat panel screen? The Nasdaq and the TAIEX (Taiwan Index) give the answer to this question.
Global stocks were mixed Tuesday with the banks dragging the most after noted analysts Meredith Whitney and Mike Mayo warned on the sector ahead of U.S. earnings season. Experts tell CNBC that more pain is ahead for financials and as a result, investors should avoid them.
Global stocks started the week in positive territory Monday, with banks and oils leading the gain, as investors became more reassured that the global economic slowdown has bottomed. Experts tell CNBC how to make money at this time.
Global stocks slipped Friday as the positive sentiment stemming from the G20 summit's coordinated action and united front diminished and was replaced by caution ahead of the U.S. nonfarm payrolls report.
Global stocks were higher Thursday and leaders from around the world met in London for the G20 summit, aiming to tackle the financial crisis and economic slowdown. On this positive note, experts tell CNBC various Asian markets are beginning to look attractive.
Shares in Elpida Memory surged limit up, almost 18% after its plan to raise $471 million eased concerns of it breaching debt covenants and reduced the financial risk facing the world's No. 3 DRAM chip maker.
Asian stocks hit a two-month high Monday on expectations of a global economic recovery taking place late 2009 as governments increase stimulus measures to aid ailing economies. As a result, investors are beginning to venture back into riskier assets. Experts tell CNBC to expect a rally late January/early February.