Wall Street closes flat as cyclicals shine

Stocks on Wall Street closed near break-even on Friday as investors sold technology shares that have rallied through the COVID-19 pandemic and rotated into cyclical stocks set to benefit from pent-up ... ( read original story ...)

Markets Reverse As Value Outperforms Growth

Asian equities were a sea of red following the US equity market lower overnight as only Shanghai, Taiwan, and Australia managed to end in the green. The Shanghai Composite Index was lifted by value ... ( read original story ...)

GDP may grow 4% thanks to exports: NDC

Taiwan’s GDP could expand more than 4 percent this year on the back of strengthening exports, private investment and consumer spending, despite lingering uncertainty due to the COVID-19 pandemic, the ... ( read original story ...)

Taiwan Stock Market Due For Consolidation

The Taiwan stock market has climbed higher in two straight sessions, surging almost 660 points or 4 percent in that span. The Taiwan Stock Exchange now sits just above the 16,360-point plateau ... ( read original story ...)

Citi loses suit to recoup US$500m it wrongly paid

Citigroup Inc is on the hook for almost US$900 million in mistaken payments it sent out, according to a US ruling on Monday that called the debacle “one of the biggest blunders in banking history.” ... ( read original story ...)

Nissan says not in talks with Apple to make cars

Japanese auto maker Nissan said yesterday it is not in talks with Apple to develop self-driving cars, a week after Hyundai also denied reports it was discussing the top-secret project with the US tech ... ( read original story ...)