Taiwan Financial News

Sridhar Vembu, CEO of Zoho Corporation, has expressed his belief that Kerala has the potential to achieve economic prosperity comparable to that of Taiwan. His comments were made in response to a tweet by Thomas Isaac, a member of the Central Committee of Communist Party of India, who highlighted the recent electoral success of the Student Federation of India (SFI) in college union elections across the state. “I say all this as a person who loves Kerala. Kerala could be as rich as Taiwan,” Vembu remarked on X, raising concerns about the significant outflow of talented youth from the state. He pointed out that many graduates are leaving Kerala to pursue job opportunities in other states or abroad after completing their education.

Nippon India Mutual Fund has announced suspension of subscription in its four international funds through lumpsum, switch-ins and fresh registration of SIPs/STPs or such other special products to avoid breaching overseas investment limits. The changes will be effective from October 18. The fund house informed about this to its unitholders through a notice cum addendum.

Nvidia hit a record high amid a rally in U.S. chip stocks on Thursday after industry bellwether TSMC's strong sales forecast boosted investor optimism about demand for processors used to power artificial intelligence applications. Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker, raised its expectation for annual revenue growth and said sales from AI chips would account for mid-teen percentage of its full-year revenue. US-listed TSMC shares rose more than 11%, lifting the company's market capitalization above $1 trillion.

Nikkei share average closed lower on Thursday, as chip stocks slid despite industry star TSMC reporting better-than-expected earnings, while investors waited for more earnings results from domestic and overseas firms for further direction. The Nikkei fell 0.7% to a one-week closing low of 38,911.19, while the broader Topix finished 0.1% lower at 2,687.83.

Sino-India relations following the opening of another Taiwan de facto consulate in Mumbai. China opposes moves by any countries it has ties with to engage in official contacts with Taiwan, said Mao Ning, a foreign ministry spokesperson, at a regular news conference. The Taiwanese government opened its third representative office in India on Wednesday, Taiwan's official Central News Agency reported, adding to existing offices in New Delhi and Chennai.

Subscribe to enjoy similar stories. McKinsey is overhauling its China business after cutting back on government-linked clients and reducing the unit’s workforce by nearly 500 people, about a third of the total. To reduce security risks associated with doing business in China, the U.S.-based consulting firm has been separating its China operations from other global operations, people familiar with the matter said—a practice increasingly popular among multinational companies.

Subscribe to enjoy similar stories. As Beijing dispatched its military Monday in a show of force that encircled Taiwan, China’s coast guard posted a map showing its ships ringing the island in a heart-shaped formation, describing it as “an act of love." To Taiwan, the social-media message was just one piece of China’s multifaceted campaign to intimidate, isolate and influence the people and leaders of the island democracy to give up their commitment to self-rule. Alongside its most high-profile tactic—sending a message of military dominance—China is employing what Taiwan says is an expanding army of hackers, diplomats, prosecutors and celebrities in its effort to persuade Taiwan to submit to Beijing.

Subscribe to enjoy similar stories. The U.S. election and war in the Middle East are dominating the headlines, but don’t sleep on events in the Pacific.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Subscribe to enjoy similar stories. Thirteen years have passed since al-Qaeda’s last big plot against America, a botched effort to blow up New York’s subway in 2009. The war in Afghanistan is over.

China’s export growth unexpectedly slowed in September, curbing a trade rebound that has been a bright spot for a weakening economy that policymakers are relying on manufacturing to power. Exports climbed just 2.4% in dollar terms from a year earlier to almost $304 billion, the lowest level since May, the customs administration said Monday. Shipments to key markets including Japan, South Korea and Taiwan all fell, while exports to the European Union and the US marked their slowest rise in at least four months as politicians ramped up tariffs. Russian purchases of Chinese goods soared to a record $11 billion, as Beijing continues to shield Moscow from economic isolation after Western companies producing everything from cars to phones quit President Vladimir Putin’s nation due to sanctions to punish his military aggression.

Taiwan's defence ministry on Tuesday detailed the surge in Chinese warplane activity around the island during war games the previous day, saying it had detected a record 153 Chinese military aircraft. China held a single day of what it called "Joint Sword-2024B" drills on Monday as a warning to «separatist acts», following last week's national day speech by Taiwan President Lai Ching-te that Beijing denounced. In its daily update on Chinese military activity around the island in the previous 24 hours, Taiwan's defence ministry said it spotted 153 Chinese military aircraft, updating a figure given on Monday evening of 125 which it had already said was a record high for a single day.

United Airlines is adding eight new international destinations to its itinerary for next summer

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

BEIJING — China's Golden Week holiday affirmed a trend in more cautious spending, while consumers put greater emphasis on experiences.

Subscribe to enjoy similar stories. SEOUL : For a major maker of semiconductors such as Samsung Electronics, the artificial-intelligence boom should be a time of great promise. Instead, the South Korean technology giant is whiffing on opportunities and falling behind the early winners of the AI era such as Taiwan Semiconductor Manufacturing, known as TSMC, and local rival SK Hynix.

Asian shares have advanced after a surprisingly strong U.S. jobs report raised optimism about the economy, sparking a rally on Wall Street

Subscribe to enjoy similar stories. The Dubai-based air carrier Emirates has banned pagers and walkie-talkies from its flights after a bunch of these exploded recently in the hands of Hezbollah militants, leaving at least 40 dead and thousands injured.

Subscribe to enjoy similar stories. TAIPEI—For years, residents of Taiwan who were curious what a Chinese invasion might look like had to rely largely on their own imaginations. Now they are starting to get help.

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...