Boeing Co and the union representing 33,000 striking workers reached a tentative agreement on a new contract with help from the White House, underscoring the high stakes to end a work stoppage that has crippled one of the largest US exporters.The proposal hammered out overnight in Seattle includes a
Starbucks Corp might have the more recognizable name, but 7-Eleven’s City Cafe remains the king of Taiwan’s fresh coffee market, helped by the convenience store chain’s extensive market presence and product diversification.President Chain Store Corp (PCSC, 統一超商), which runs both the 7-Eleven and Sta
The nation’s two major refiners yesterday said they would lower domestic fuel prices for a fourth consecutive week, as international crude oil prices posted the largest weekly decline in more than a year last week.Domestic gasoline and diesel prices are to drop NT$0.1 per liter this week, CPC Corp,
Asia’s stock markets are gearing up for their busiest week of listings in more than two years, offering a crucial test of demand as companies rush to raise money before the US presidential election next month. About 20 companies from the Asia Pacific region are listing shares this week in deals that
The number of major retail investors in the local stock market in the third quarter fell from the previous quarter as Taiwanese shares showed significant fluctuations, data compiled by the Taiwan Stock Exchange (TWSE) showed on Tuesday last week.A total of 3,519 “big players” participated in the mai
Tainan Mayor Huang Wei-che, center, front row, and several mascots gesture at a road running event in Tainan yesterday to promote the 400th anniversary of the city’s founding.
Every Christmas growing up in Minnesota, Jimmy Darts’ parents gave him US$200 in cash: US$100 for himself and US$100 for a stranger. Now, with more than 12 million followers on TikTok and several million more on other platforms, philanthropy is his full-time job. Darts, whose real surname is Kellogg
Mari was just two months into her new job when she decided she had had enough. The position at an online bank in Tokyo, found through a staffing agency, had looked like a perfect fit for the 25-year-old, a member of Japan’s legions of temporary workers. However, she quickly became despondent. “On my
US PROBE: The Information reported that the US Department of Commerce is investigating whether the firm made advanced chips for China’s Huawei
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract maker of advanced chips, yesterday said it is a law-abiding company, and is committed to complying with all applicable laws and regulations including export controls.The Hsinchu-based chip giant issued the statement afte
Hon Hai Precision Industry Co (鴻海精密), the world’s biggest contract server maker, yesterday said the conversion price of its overseas bonds are set at NT$300 a share, representing a premium of 43.8 percent compared with the closing price of NT$208.5 on Thursday.The company has raised US$700 million t
Taiwan climbed one notch to 39th among 48 economies in the annual Mercer CFA Institute Global Pension Index, which grades individual pension systems in terms of adequacy, sustainability and integrity against more than 50 indicators, a survey released on Tuesday by US human resource consulting firm M
Samsung Electronics Co has postponed taking deliveries of ASML Holding NV chipmaking equipment for its upcoming factory in Texas as it has yet to win any major customers for the project, three people familiar with the matter said.Samsung has been also holding off on placing orders to some other supp
China’s economy grew at the slowest pace since early last year in the third quarter, and although consumption and factory output figures beat forecasts last month a tumbling property sector remains a major challenge for Beijing as it races to revitalize growth.Authorities have sharply ramped up poli
A boy sorts kans grass, a seasonal plant mainly used in traditional crafts and ceremonies, collected along the banks of River Yamuna in New Delhi yesterday.
DEMAND FOR AI CHIPS: Net income in the third quarter surged 31.2% quarter-on-quarter to NT$325.26 billion, the strongest quarterly return in the company’s history
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s biggest contract chipmaker, yesterday raised its revenue forecast to annual growth of 30 percent this year, thanks to strong and sustainable demand for artificial intelligence (AI) processors for servers.It was the second upward adjustme
CAUTIOUS OUTLOOK: As concerns about iPhone 16 sales are rising, revenue for this month would be flat and next month’s would be lower, chief executive Adam Lin said
Largan Precision Co (大立光) yesterday reported that its net profit last quarter hit the highest in eight quarters, driven by strong demand for smartphone camera lenses and gross margin improvement, but the company offered a cautious outlook for this quarter.The nation’s largest handset camera lens mak
The latest loan restrictions are aimed at slowing house prices and transactions, and more time is needed to see if the credit controls can achieve their intended effect, central bank Governor Yang Chin-long (楊金龍) told the legislature’s Finance Committee yesterday.Yang explained his policy decisions
Japan’s exports last month declined by the most since February 2021, sapping momentum from the nation’s economic recovery as global demand weakened.Exports declined 1.7 percent from a year earlier led by automobiles, mineral fuels and construction machinery, and slipping to negative growth for the f
China yesterday said that it would boost credit available for unfinished housing projects to more than US$500 billion as it unveiled another round of measures to shore up the sector and try to reignite the economy.The real-estate sector has long accounted for about one-quarter of GDP and experienced
The European Central Bank (ECB), which sets interest rates for the 20 countries that use the euro currency, cut borrowing costs once again yesterday after figures showed inflation across the bloc falling to its lowest level in more than three years and economic growth waning.The bank’s rate-setting