India is the latest Asian country to buy US crude, following South Korea, Japan, China, Thailand, Australia and Taiwan, after OPEC cuts drove up ... opens due to global oil supply cuts. HPCL's finance chief J. Ramaswamy said the company is evaluating ... ( read original story ...)
Cambodian police arrest 175 Chinese suspects in phone fraud
Last month, police in neighboring Thailand arrested 44 people — 19 Chinese citizens and 25 Taiwanese — who they said made internet calls in which they claimed to be banking officials and accused their targets of financial crimes. The targets would then ... ( read original story ...)
Baccarat binge helped launder the world’s biggest cyber-heist
Walk along the zig-zag lanes of Chendai, a Chinese town on the Taiwan Strait, and you’ll see a lot of Dings ... to maintain covert bank accounts and interact with the global financial system. (Priscilla Fong, a spokeswoman for Macau’s Financial ... ( read original story ...)
The first reading for second quarter GDP came in at +2.6%
Cyclical, value oriented sectors such as Materials, Technology, Energy, and Financials led the way ... Samsung, Alibaba, Tencent, Taiwan Semiconductor, which has helped propel both Tech and EM indices to multi-year highs. Samsung notably reported record ... ( read original story ...)
Taiwan Semiconductor Manufacturing Company Ltd. (TSM) Shares Bought by Trust Co
Mitchell Capital Management Co. raised its position in shares of Taiwan Semiconductor Manufacturing by 0.7% in the first quarter. According to Financial Times, The 6 analysts offering 12 month price targets for Taiwan Semiconductor Mfg. Co. The ... ( read original story ...)
One of China’s leading marketplace lenders has raised $220 million to fuel regional growth
The funding will go toward automating branches of Dianrong's lending business, R&D projects, acquisitions at home and abroad, and expanding in Asian markets including Indonesia, Singapore, Hong Kong, Taiwan ... and moving into new financial services ... ( read original story ...)
Singapore’s Novena Global plans $150m Taiwan IPO
Singapore-based Novena Global Lifecare Group is teeing up a $150m IPO in Taiwan as it looks for capital to fund expansion in north Asia. By John Loh, Jonathan Breen 12:00 PM Novena, an integrated medical healthcare and aesthetic group, dropped plans to ... ( read original story ...)
Heading south: CTBC joins forces with Thai financial group LHFG
TAIPEI, Taiwan — CTBC Financial Holding Co. has announced that its subsidiary CTBC Bank has completed its purchase of a 35.6 percent stake in Thailand's LH Financial Group Public Co. Ltd. (LHFG). The purchase, first announced in March, marked the first ... ( read original story ...)
Win Streak Likely To End For Taiwan Stock Market
Taiwan Cement gained 0.29 percent, Fubon Financial added 0.64 percent, Cathay Financial collected 0.31 percent and Mega Financial was unchanged. The lead from Wall Street is inconclusive as stocks hovered near the unchanged line before ending on opposite ... ( read original story ...)
Regulator mulls options for Formosa market
Taiwan’s Financial Supervisory Commission FSC banned Formosa bonds with call options of less than five years in late May. The decision had an immediate impact on international issuers since they... ( read original story ...)
Gov. Walker: Wisconsin was outbid for Foxconn but still won
Scott Walker said Tuesday. Walker said “at least one if not several other states were prepared to give the Taiwan-based company more money, although the governor added “it wasn’t a huge gap.” He didn’t indicate which state or states topped the ... ( read original story ...)
The Latest: Foxconn may consider additional Wisconsin sites
3:45 p.m. House Speaker Paul Ryan says he touted federal job-training benefits and tax credits that make the United States competitive when Taiwan-based Foxconn was considering whether to build its first plant outside of Asia in Wisconsin. The company ... ( read original story ...)
Japanese Messaging App Tries to Crack the U.S…. With a Store for Plush Toys
"Line definitely doesn't." Struggle to expand One year after Line's IPO at the New York and Tokyo stock exchanges, growth outside its core markets -- Japan, Taiwan, Thailand and Indonesia -- has been largely stagnant. Monthly active users in those ... ( read original story ...)
Let’s Connect at Digital Taipei this September
Taipei, Taiwan, Aug. 02, 2017 (GLOBE NEWSWIRE) -- Digital Taipei 2017, being the voice of industry, the professional B2B trade fair in Taiwan focused on digital content, is being held from September 9th(Sat) to 12th(Tue). This year’s theme is “Let's ... ( read original story ...)
Singapore’s GIC leads $220 million funding round for Chinese P2P lender Dianrong
Dianrong was looking at Indonesia, Singapore, Hong Kong, Taiwan, Vietnam, Malaysia and Cambodia for potential ... so why should it do an IPO in the U.S.?" Htite said. "That decision is not dependent on Dianrong only. That decision is dependent on, if ... ( read original story ...)
Asian shares close mixed; Tech shares bounce after Apple earnings beat forecasts
Moderate gains in the industrials sub-index were offset by falls in the energy, materials and financials sub-indexes ... to end at 1,869.3168. Stocks of Taiwan's Apple suppliers also bounced. Camera lens supplier Largan Precision rose 4.82 percent ... ( read original story ...)