How the Wisdom of Confucius Can Lead You to Financial Success
Asian Americans are the highest-income and best-educated racial group in the U.S.,and author YuKong Zhao believes he knows why: Confucian values.
Taiwan
U.S. Stock Prices Dip Ahead of Earnings Season Kickoff
U.S. stocks fell Tuesday as traders awaited the start of the corporate earnings season. Market-watchers expect the quarter's results could include many surprises because of events like Superstorm Sandy, the presidential election, and the narrowly avoided "fiscal cliff."
China's Trade Growth Slips Amid Global Economic Slump
China's trade growth plunged in June, hurt by weak U.S. and European demand and a Chinese slowdown, with a potential impact on economies as far-flung as Africa and Australia.
Baseball Makes a Mighty Pitch in China and Africa
Major League Baseball's worldwide spread is facing slow going in China and Africa. But America's favorite pastime is working hard to find friends in both areas, starting with footholds in Taiwan and South Africa. MLB is clearly keeping its eye on the ball overseas.
AIG Sells Stake in Taiwanese Insurance Company
In a second attempt to sell its 97.6% stake in Nan Shan Life Insurance, a Taiwanese insurer, American International Group has agreed to a $2.16 billion deal with the Ruen Chen consortium. But regulators nixed another sale agreement just five months ago. Will this deal go through?
Apple Boosts iPhone Sales Target for Its First Quarter
Apple has raised its target for first-quarter shipments of its iPhone by as much as 10%, anonymous component suppliers told DigiTimes. The news signals strong holiday sales for the phone and bodes well for the company's upcoming quarterly earnings.
Foxconn to Give Chinese Workers Another Pay Raise
Foxconn workers in China will get another pay raise in coming months, on top of a boost in response to recent worker suicides. The company is the world's largest contract maker of electronics for customers including Apple, Sony, Dell, Nokia and Hewlett-Packard.
Will China Use Its U.S. Bonds as a Weapon?
After the $6.4 billion U.S. arms sale to Taiwan in January, some Chinese military members have advocated retaliating by dumping some of China's $755 billion in U.S. Treasury bond holdings. But such a move would seriously hurt China, too. Is this talk mere saber-rattling?
