Taiwan Financial News

GreenTech Research President and CEO Hilary Kramer and ‘The Cow Guy’ Scott Shellady discuss the Fed likely not cutting rates in 2023 or 2024, the 1Q GDP performing higher than expected and the market’s reaction. 

Say the word ‘innovation’ and it is likely to evoke the image of a young entrepreneur in a garage like startup, or that of a scientist in a lab creating a product that magically disrupts the market. These are images that have become associated with innovation—gripping and appealing. Also, somewhat mythical and only half true.

By Valerie Volcovici and David Stanway

An independent candidate for a U.K. Parliament has turned to artificial intelligence to come up with his campaign promises

Semiconductors have become the unsung heroes of the digital age. They silently power the devices that have become essential to our lives. These tiny wonders are the backbone of everything from smartphones, computers, advanced medical equipment, and transportation systems.

The South Korean commercial banking giant Shinhan Bank completed an EMV-compatible feasibility test for stablecoin remittance payments on the Hedera network. 

Investing.com-- Most Asian currencies fell on Wednesday as the dollar rebounded from 15-month lows, with recent U.S. data spurring more bets that the Federal Reserve was close to pausing its rate hike cycle.

A post shared by Sidecar (@sidecarindia) Hong Kong's Coa has bagged the top spot for a third consecutive year. Whereas Jigger & Pony in Singapore ranked second on Asia’s 50 Best Bars list. It’s the first time since 2019 that the ceremony has been held with all borders in the region re-opened after the Covid-19 pandemic.

South Korea’s Shinhan Bank has completed its second proof-of-concept using stablecoins for international remittances. Siam Commercial Bank’s SCB TechX unit and an unnamed Taiwanese financial institution also participated in the project.

Vedanta Group has tied up with technology and equity partners for its semiconductor fabrication project and with Innolux for its display fab unit, Akarsh Hebbar, global managing director of Vedanta Semiconductors and Display, said in a statement on Tuesday. “Vedanta Group remains fully committed to building India’s first semiconductor and display fabs in Dholera Special Investment Region in Ahmedabad district. Substantial progress has happened to tie up with technology and equity partners in semiconductors and we will make an announcement soon," he said.

BEIJING — Henry Kissinger, a former U.S. secretary of State, met with China's defense minister, Li Shangfu, in Beijing on Tuesday, the ministry said in a statement.

Taiwan is looking to buy National Advanced Surface-to-Air Missile Systems, or NASAMS, from the United States to upgrade its air defence capabilities having seen how well they work in Ukraine, the island's defence minister said on Tuesday. China, which claims Taiwan as its own territory, has stepped up military and political pressure over the past three years to try to force the democratically governed island to accept Beijing's rule. NASAMS have been provided by the United States for use in Ukraine, with USA officials saying they have had a 100% success rate in intercepting Russian missiles. The system, developed and built by Raytheon Technologies and Norway's Kongsberg Gruppen is a short- to medium-range ground-based air defence system that protects against drone, missile, and aircraft attack, which both Canada and Lithuania have also bought, or are buying for Ukraine. Asked on the sidelines of parliament about Taiwan buying NASAMS, Defence Minister Chiu Kuo-cheng said «certainly» there was a proposal to get them.

Starlight Gaming, a company owned by Taiwanese video game developer and publisher Softstar Entertainment, plans to make an initial investment of $10 million (₹82 crore) in its India operations. «We are taking calculated steps and are initially investing an estimated $10 million for marketing and operations,» Softstar Entertainment GM Yautian Chen told ET. The company is committed to remaining present in the Indian market for a long time.

The collections are 15% more than Mission: Impossible Fallout, reports Deadline. Globally, Mission: Impossible 7 has had the biggest opening weekend as compared to other M:I franchise movies. These results are from 35 international markets, including India, Australia/New Zealand, Brazil, Netherlands, Scandinavia and the UK.

Stocks on Wall Street ended mostly lower on Friday, as investors continued to assess the outlook for the economy, inflation, interest rates and corporate earnings.

oarfish, recognized by the Guinness Book of World Records as the longest fish with a bony skeleton, has made headlines as a group of divers encountered this unique creature near the east coast of Taiwan. Known in Japanese mythology as a harbinger of earthquakes, the appearance of this rare fish with bite marks on its body has sparked concerns of potential seismic activity in Taiwan. The captivating video, which swiftly went viral, was initially shared on the Instagram page «Wealth.» It showcases a group of divers encircling the radiant silver fish in the picturesque Ruifang region of Taipei County.

Investing.com — Here is your Pro Recap of 4 head-turning deal dispatches you may have missed last week: uncertainties loom around the Microsoft-Activision deal; Broadcom-VMware receives EC approval; Exxon Mobil to acquire Denbury; and Stratasys receives a sweetened offer from 3D Systems.

By Lucy Craymer

Over the past week, Taiwanese contract manufacturer Foxconn has grabbed headlines for backing out of the semiconductor joint venture with Vedanta and applying for the government's chipmaking incentives independently. It is also in talks to set up four to five fabrication units in the country.

TOKYO—American and Japanese military officials have been working on a plan for a conflict over Taiwan for more than a year, but the talks have yet to resolve a central question: Would Japan join the fight? Washington has nudged Tokyo to consider roles for the Japanese military such as hunting for Chinese submarines around Taiwan, said people familiar with the discussions, without getting any commitment. The planning is one of the most important aspects of the U.S. response to Beijing’s threats to capture Taiwan by force.

Foxconn) as all legal hurdles for the transfer of land have been cleared, Karnataka’s Industries Minister MB Patil informed the legislative assembly on Friday. The Taiwanese tech giant has proposed to commission an assembly unit for Apple’s iPhones near Bengaluru’s international airport by April next year.