Mexico's government has issued its first "Formosa bond" with an offering of 50-year notes in U.S. dollars on the Taiwanese market and raised $3 billion, the finance ministry said on Monday. ( read original story ...)
How Chinese President Xi Jinping scuttled Jack Ma’s Ant group IPO
Alibaba's Jack Ma is the most celebrated Chinese entrepreneur in the world, however, now he has a target on his back and he only has one man to blame for it - Chinese President Xi Jinping. The Chinese ... ( read original story ...)
CDPQ and Cathay PE to acquire 50 pct stake in Danish energy company’s Taiwan wind farm
Caisse de dépôt et placement du Québec and Cathay Private Equity have agreed to acquire a 50 percent interest in Ørsted's 605-megawatt Greater Changhua 1 Offshore Wind Farm in Taiwan. ( read original story ...)
Convoy’s board swells to 16 directors as boardroom manoeuvres continue in shareholders’ jostle for control
The enlarged board would strengthen the hand of the Tsai family, which owns 29.98 per cent stake in Convoy, against an attempt by Kwok Hui-kwan – with 29.91 per cent shareholding – to seize control of ... ( read original story ...)
John J. Tkacik, Jr. On Taiwan: China’s 2021 demands
The Chinese always test incoming American presidents. George W. Bush had his “EP-3 Hainan Incident” (he announced an US$8 billion arms package for Taiwan); Obama had his “USNS Impeccable” (he ignored ... ( read original story ...)
Ontario finance minister resigns after tropical vacation
The finance minister for Canada’s most populous province resigned Thursday after going on a Caribbean vacation during the pandemic and seemingly trying to hide the fact by ... ( read original story ...)
From Ant Group to Bitcoin: the questions for Asian business in 2021
A new year does not mean the end of some of the issues that grabbed the attention of Asia's business leaders and entrepreneurs in 2020. The coronavirus pandemic has not interrupted intense debates ... ( read original story ...)
CTBC Brand Campaign Gives Gratitude to Employees
COVID-19 pandemic. Directed by Hsiao Ya-chuan (蕭雅全) and uses “Thank You” by artist Summer Lei (雷光夏) as background music, the video restores the 91 days where more than 2,600 CTBC employees worked ... ( read original story ...)
Nvidia Rival Graphcore Raises $222 Million for AI Chips With Potential IPO on the Horizon
Graphcore has raised $222 million as it looks to take on U.S rivals Nvidia and Intel. The Series E funding round, which comes less than a year after Graphcore raised a $150 million extension to its ... ( read original story ...)
Orsted Enters $2.7 Billion Deal to Sell Stake in Taiwan
Orsted A/S, the world’s biggest developer of offshore wind parks, has agreed to sell a stake in a farm off the coast of Taiwan in a deal worth about NT$75 billion ($2.7 billion). ( read original story ...)
Pandemic rivals climate change: report
If the economic effects of the COVID-19 pandemic are not addressed, they could pose an even greater challenge than those of climate change, the central bank said in a report on Friday. Calling the ... ( read original story ...)
Japan’s high taxes chase away bankers
Japan’s push to make itself a more attractive financial hub faces a taxing problem if it is to stop the drip-drip departure of finance professionals to other countries in Asia. While the COVID-19 ... ( read original story ...)
China Orders Ant Group To Return To Online Payment Roots
Chinese fintech giant Ant Group has been ordered by regulators to drastically change its business model and return to its roots as a payment services provider, as the state squeeze continues on the ... ( read original story ...)
SET gains 2.5% as investors buoyed by Kerry IPO, lockdown news
Index closed at 1,451.52 on Thursday, up 35.50 points or 2.51 per cent. Total transactions amounted to Bt103.03 billion with an index high of 1,453.87 and a low of 1,409.75. ( read original story ...)
Taiwan Lawmakers Approve Imports of Additive-Fed U.S. Pork
Taiwan's parliament on Thursday approved measures that pave the way for imports of U.S. pork containing a leanness-enhancing additive, despite objections by the main opposition Kuomintang (KMT) party ... ( read original story ...)
Chinese steel manufacturer Huadi International widens range to $7 to $8 ahead of $23 million US IPO
It also exports to twenty countries and regions worldwide, with sales to the US, Mexico, Thailand, Australia, Argentina, Taiwan, India ... widens range to $7 to $8 ahead of $23 million US IPO ... ( read original story ...)