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  • Sharp to open panel factory in US

    TAIPEI -- Sharp President and CEO Tai Jeng-wu on Saturday said his company is planning to build a factory in the U.S. that will make small displays."These panels will not only be used on smartphones," Tai told a small group of reporters at a Foxconn

    May 27, 2017 09:41 pm JST
  • Policy turn to unshackle Indian mining

    NEW DELHI -- Prime Minister Narendra Modi is trying to woo private and foreign investors to help revive an Indian mining sector distorted by decades of bureaucratic hurdles and complex regulations, but industry players say more is needed to turn the

    May 27, 2017 05:40 pm JST
  • Trim from overhaul, Sharp ready to start growing again

    OSAKA -- Sharp has emerged lean from a bout of intense cost-cutting under parent Hon Hai Precision Industry, booking a long-awaited pretax profit in the year ended March, though scant manpower could make taking the next step toward growth a risky pr

    May 27, 2017 06:54 am JST
  • Former army general tapped to lead Singapore Press

    SINGAPORE -- The incoming CEO of Singapore Press Holdings is the former chief of Neptune Orient Lines, a national shipping line that was sold off to a French rival after years of losses.The city-state's largest media company announced Friday that Ng

    May 27, 2017 06:06 am JST
  • Sony crafting chip business capable of withstanding stronger yen

    TOKYO -- Sony looks to inoculate its semiconductor business against any swings toward a strong yen by improving efficiency and broadening sales of image sensors to ensure more stable demand.The conglomerate aims to generate 100 billion yen ($900 mil

    May 27, 2017 06:06 am JST
  • Expo shows China's big dreams for big data

    GUIYANG, China -- Technology companies are unveiling new uses for big data at an exhibition here this week, jockeying for position in a growth field that sits front and center in the government's tech ambitions.A who's who of tech industry figures f

    May 27, 2017 05:39 am JST
  • Nanya Technology chief warns China could disrupt global chip market

    TAOYUAN, Taiwan -- The head of major Taiwanese memory chipmaker Nanya Technology on Friday warned that China's aggressive moves to foster its own chip capabilities could cause a serious supply glut and voiced concerns about Chinese companies' ongoin

    May 26, 2017 11:56 pm JST
  • YTL scores 24.4% net profit jump in third quarter

    KUALA LUMPUR -- YTL Corp.'s net profit jumped 24.4% year on year to 286 million ringgit ($67 million) in the third quarter ended March 31, lifted by its utilities and management services business.Revenue grew a modest 2.7% to 3.7 billion ringgit, pa

    May 26, 2017 10:41 pm JST
  • Mahathir laments Proton sale amid positive sentiment

    KUALA LUMPUR -- Former Prime Minister Mahathir Mohamad says he has shed tears over the sale to China of nearly half Proton Holdings, the Malaysian national carmaker that he founded in 1983. "I am sad," he wrote in a blog on Thursday. "Proton can n

    May 26, 2017 10:34 pm JST
  • Taiwan raises 2017 growth forecast to three-year high amid iPhone anticipation

    TAIPEI -- Taiwan has raised the forecast for its economic growth this year to a three-year high, due to strong demand for semiconductor products and anticipation of the 10th anniversary edition of Apple's iPhone.Taiwan's Directorate General of Budge

    May 26, 2017 10:22 pm JST
  • Sun Pharmaceuticals posts surprise fall in profit amid U.S. challenges

    MUMBAI (NewsRise) -- Sun Pharmaceutical Industries reported a surprise 14% decline in fourth-quarter profit, as rising competition and pricing pressure in the U.S. generics market stifled growth at India's largest drug maker by market value.Consolid

    May 26, 2017 09:56 pm JST
  • India shares rise to record, post third week of gains on earnings, Fed minutes

    MUMBAI (NewsRise) -- Indian shares rose to a record on Friday, extending gains for the third straight week, as better-than-expected company earnings and bets that the U.S. Federal Reserve would raise rates at a slower pace helped lift demand for blu

    May 26, 2017 09:43 pm JST
  • Malaysia Airlines' passenger traffic grows 13% in Q1

    KUALA LUMPUR -- Malaysia Airlines said Friday that growth accelerated in the first quarter of 2017 on the back of increased capacity.The national flag carrier, which is undergoing a turnaround with the aim of becoming profitable in 2018, said passen

    May 26, 2017 09:06 pm JST
  • ITC quarterly profit rises on higher India cigarette sales

    MUMBAI (NewsRise) -- ITC, India's largest cigarette-maker, said fourth-quarter net income increased 12%, helped by higher sales of cigarettes as well as other consumer products.ITC, also known for its Maurya hotel chain, said net income for the thre

    May 26, 2017 08:58 pm JST
  • Wall Street, Fed minutes boost Nikkei Asia300 Index this week

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rose this week following a rebound on Wall Street, as regional investors cheered the U.S. Federal Reserve's cautious tone in its latest meeting minutes.Markets shrugged off Moody's Investor

    May 26, 2017 08:46 pm JST
  • Singapore, Malaysia stocks post weekly gains tracking Wall Street rally

    SINGAPORE (Nikkei Markets) - Shares in Singapore and Malaysia rose this week, tracking a rally in Wall Street that propelled stocks to record levels. Minutes of the U.S. Federal Reserve's latest meeting that indicated a cautious approach to rate inc

    May 26, 2017 08:14 pm JST
  • Hong Kong shares defy Moody's downgrades to snap up third weekly gain

    HONG KONG (Nikkei Markets) -- Hong Kong shares cruised higher for a third week as a rally by heavyweight Tencent Holdings and insurers combined with positive U.S. cues to overshadow Moody's Investors Service's downgrades of Chinese and Hong Kong cre

    May 26, 2017 07:52 pm JST
  • SoftBank champions Nvidia's growing dominance in AI-use chips

    PALO ALTO, U.S. -- There is a good reason that SoftBank and a Saudi Arabian investment fund are ready to pour billions of dollars into a the U.S. chipmaker Nvidia -- it has the best graphics processors for AI and self-driving technologies out there.

    May 26, 2017 06:41 pm JST
  • Sharp expects first net profit in 4 years

    Electronics giant Sharp on Friday said it expected to post its first net profit in four years in the current fiscal year.The company laid out a road map for the next three years that focuses heavily on internet-of-things business and ultrahigh-defin

    May 26, 2017 05:54 pm JST
  • Hong Kong shares flat as oil slump counters positive US stock cues

    HONG KONG (Nikkei Markets) -- Hong Kong shares were little changed as a slump in oil prices that dragged energy producers lower eroded gains stemming from Wall Street's sixth consecutive day higher.The Hang Seng Index was up less than 0.1% at 25,637

    May 26, 2017 03:14 pm JST