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."

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.

China, India Report Manufacturing Growth

Manufacturing output jumped in China and India in October, breaking with the rest of Asia. China%u2019s official Purchasing Managers Index gained to 54.7 in October, from 53.8 a month earlier, The Wall Street Journal said. A reading above 50 signals expansion and a reading under 50 means output contracted.

HTC Profit Almost Doubles on Smartphone Sales

Phone manufacturer HTC Corp. (HTCXF) almost doubled quarterly profited as demand for smartphones surged. Third-quarter profit jumped to NT$11.1 billion ($360 million) from NT$5.7 billion a year earlier, Bloomberg News reported. The Taiwanese company easily beat the NT$9.2 billion forecast by analysts surveyed by Bloomberg.

AIG May Sell Japanese Units to Prudential Financial for $5 Billion

American International Group (AIG) may sell two Japanese life-insurance units to Prudential Financial Inc. (PRU) for a total of as much as $5 billion, The Wall Street Journal said. The agreement is currently "a few days away" from being ready, The Wall Street Journal said without naming its sources.

Taiwan Regulators Block Sale of AIG Unit

Regulators in Taiwan blocked the proposed $2.15 billion sale of AIG%u2019s (AIG) Taiwan life insurance business to a Hong Kong-based consortium. AIG struck a deal in October to sell the Nan Shan unit to China Strategic Holdings and Primus Financial Holdings, the Financial Times reported. Regulators initially accepted the deal, then requested more information from the consortium, as well as assurance from Nan Shan.

Foxconn to Hire 400,000 Workers in China

Foxconn Technology Group will hire as many as 400,000 new workers in China in the coming year. The company, which was rocked by a string of employee suicides earlier this year, also plans to build factories closer workers%u2019 homes. The Taiwanese company, which makes products including the Apple iPhone, aims to expand to inland provinces Henan and Sichuan because that%u2019s "what the new generation of workers wants," Louis Woo, special assistant to the chief executive officer, told Bloomberg News.

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 such talk mere saber-rattling?

Don't throw money out a car window

It may seem like a logical move, but a man in Taiwan didn't understand it: Don't throw money out of a moving car. It could create a mob scene.

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