HTC is being removed from a major index on Taiwan’s stock exchange on September 21
HTC is being removed from Taiwan Stock Exchange FTSE TWSE Taiwan 50 index days after the company reported its lowest revenue in 8 years.
Sep 10, 2015 9:31 AM EDT
Kirin to purchase more stakes in Southeast Asian companies as it sees economic potential
Kirin, the leading Japanese brewery brand is seeking more stake purchase of Southeast Asian companies as the economic growth in the area continues to rise.
TD Bank Group CEO to Exercise Options and Donate Acquired Shares to Charity
TD Bank Group CEO Tim Hockey will exercises 28,812 options and plans to donate the portion of his shares to charity.
Automotive Lean Manufacturing Techniques Revamp Wisconsin Maker of U.S. Navy Warships
With the use of lean manufacturing techniques from the automotive industry, a $100 million worth of investments, and a more engaged workforce, the Wisconsin shipyard where U.S. Navy's coastal warships are built was revamped.
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Bourbon SA Pulls Out 35 Vessels Due to Overcapacity, Widening Losses
Giant French ships supplier Bourbon SA pulls out 35 vessels from operation due to overcapacity in the market, which results to more losses.
Sep 10, 2015 8:42 AM EDT
Japanese stocks at a seven-year-high, 7.7% higher
Japanese stock market soared to a seven-year-high after Chinese economy stabilized. Japanese stocks went off the roof Wednesday as the country's Nikkei Index closed at 7.
Sep 10, 2015 8:40 AM EDT
BMW invests millions in a startup that parks your car
BMW invests an undisclosed amount in a startup offering valet service apps, ZIRX. BMW, the German automaker is investing millions in a new parking startup based in San Francisco.
Sep 10, 2015 8:34 AM EDT
The Investment Association Launches Major Crackdown on Executive Pay
Being one of UK’s most powerful shareholder groups, The Investment Association, has commissioned the Executive Remuneration Working Group to launch a major crackdown on soaring executive pay.
Sep 10, 2015 8:29 AM EDT
Financial Advisers Raised Fees for Getting Pension Help after Freedom Reforms
Financial advisers increased their basic pension services fees by 16 to 17 percent after freedom reforms.
Sep 10, 2015 8:25 AM EDT
Netflix Stocks Continues to Decline
Netflix stocks continues to decline after its rivals Hulu announced ads free streaming and Amazon will offer offline download feature.
Sep 10, 2015 8:10 AM EDT
Oil prices finally move up into positive territory
Oil prices finally moved up to positive territory Wednesday with small gains in Asian market due to stronger sentiments from some of the major financial markets in the region.
Sep 10, 2015 8:09 AM EDT
China Changes How to Report GDP to Meet IMF's Standards
In an effort to improve current economic situation, Chinese authority is adopting IMF standard to report their GDP to make sure any changes in the economic will be reflected in the data. The move is also part of China effort to obtain a reserve currency status for Yuan.
Sep 10, 2015 8:02 AM EDT
Excellus BlueCross BlueShield health insurance has been hacked; 10 million members affected
Excellus BlueCross BlueShield health insurance confirmed on Wednesday that their IT systems has been hacked. The attack dates back to 2013. Around 10 million personal information are sneaked from their databases.
Sep 10, 2015 7:53 AM EDT
Hong Kong tycoon to launch Vuclip in South Africa; Will compete against Netflix and ShowMax
Richard Li, the Hong Kong billionaire, will compete against Netflix and ShowMax in South Africa. His company, PCCW Media purchased Vuclip last March making the VOD service available in South Africa next week.
Sep 10, 2015 7:46 AM EDT
Boeing loses four freighter orders as cargo market weakens
Boeing has lost orders for four 747-8 freighters as the air cargo market weakens amid an economic slowdown. The loss brings to zero the net orders for the iconic jet this year. Despite that, the planemaker says production goes on as planned.
Sep 10, 2015 7:35 AM EDT
Sunac' ratings unchanged: Moody's
After the strategic partnership with Yurun, there wouldn't be immediate change in Sunac China Holding's ratings, according to rating agency Moody's. Investors of Sunac reacted negatively pushing share price down, while shares of Yurun posted encouraging rise. Sunac's CEO Sun Hongbin stepped down, but will remain as Chairman of the group.
Sep 10, 2015 7:25 AM EDT
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