Category: BUSINESS

Citigroup (C) sells Taiwan consumer banking business to DBS, while retaining its institutional client business there. It expects to get a regulatory capital benefit of $1.2 billion.

Apple supplier Foxconn beat estimates for second-quarter earnings on Monday thanks to a booming artificial intelligence sector but retained a cautious outlook for this year due to global economic ...

Citigroup (C) has completed the sale of its Taiwan consumer banking business to Singapore's largest bank DBS (DBSDF), with its integration executed over the weekend.Nearly 3K employees..

Almost 3,000 Citi employees are now part of DBS Taiwan. DBS Bank has completed its acquisition of Citi’s consumer banking business in Taiwan. Integration was successfully completed over the weekend of ...

On Jan 28, 2022, DBS announced that it was buying Citi’s consumer business in Taiwan. The bank put in a total $2.2 billion into the deal which includes a premium of $956 million in cash as well as ...

Some landmark spots in Taiwan are relatively quiet compared with when sites were packed with mainland Chinese tourists before the pandemic, forcing those who depend on tourism to adapt to new trends.

Sustainable Innovations and Progress Forward As part of August’s celebrations, from August 17-20, Taiwan Excellence will feature some of the Taiwan Excellence award-winning products in an interactive ...

Mass production of large displays and wearable devices is propelling the Micro LED market. TrendForce predicts that the market value of Micro LED chips will reach $27 million in 2023, indicating a YoY ...

Taiwan said on Wednesday chipmaker TSMC's 3.5 billion euro ($3.83 billion) investment in Germany would drive deeper engagement between the island and Europe, while Berlin said it was a positive sign ...

Taiwan chipmaker TSMC's 3.5 billion euros ($3.83 billion) investment in Germany will drive deeper engagement between the island and Europe, Taiwan's economy minister said on Wednesday, pitching the ...

TAIPEI: A Taiwanese businessman and his son have been indicted for recruiting two soldiers who allegedly helped them collect confidential information for China about the island's largest military ...

Taiwan's exports fell by 10.4 per cent in July from a year earlier due to weak demand from mainland China and Hong Kong Exports of Taiwan's flagship electronic components, including semiconductors, ...

Authorities in Taiwan report a rise in telecom internet fraud, with losses reaching 3.6 billion NT ($113m) from January to June this year. Taiwan High Prosecutor The High Prosecutor's Office has ...

Gogoro has steadily built a network of more than 2,500 battery-swapping stations across the island that help power 90% of the domestic two-wheelers. Now, Gogoro aims to replicate its domestic success ...

At their shop, Yi Yuan Metalworks (億元鐵工廠), sparks fly about, rising and falling, seeming to underscore the boom and bust of Nanfangao’s fishing trade that the father and son have witnessed over the ...

AIchip has seen five consecutive years of revenue growth.