TSMC says still in talks about subsidies for new U.S. plant
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) is still in talks with the U.S. government about subsidies for its new plant in Arizona, chairman Mark Liu said on Tuesday.
Chinese telecom firms urge FCC not to revoke ability to operate in U.S.
The U.S. units of China Telecom Corp’s and China Unicom urged the Federal Communications Commission (FCC) not to revoke the company’s nearly two-decade old authorization to provide international telecommunications services to and from the United States.
TSMC says could fill order gap if unable to sell chips to Huawei
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) could quickly fill any order gap should U.S. restrictions against Huawei Technologies Co Ltd [HWT.UL] prevent sales to the Chinese firm, the company’s chairman said on Tuesday.
Asia stocks extend rally as economic recovery hopes boost confidence
Asian stocks rallied for their ninth straight day on Tuesday and oil prices jumped as the lifting of coronavirus lockdowns in many countries fed investor hopes of a relatively quick global economic recovery.
IBM exits facial recognition business, calls for police reform
International Business Machines Corp disclosed Monday it will no longer offer facial recognition or analysis software in a letter to Congress calling for new efforts to pursue justice and racial equity, new Chief Executive Officer Arvind Krishna said….
China’s troubled Baoshang rescue exposes fault lines in bank reform drive
In May 2019, China’s central bank announced a shock takeover of a lender, its first such move in 20 years, citing “serious credit risks”. Creditors in small Baoshang Bank were to take a hit, assets would be sold and an example set for governance.
TSMC says planned U.S. factory in line with company’s interests
Taiwan Semiconductor Manufacturing Co Ltd’s planned factory in the United States is “definitely in line with” the company’s interests, Chairman Mark Liu told investors on Tuesday.
Oil prices rise on optimism easing of lockdowns to spur fuel demand
Oil prices climbed on Tuesday, paring losses from the previous session, as markets broadly rose on growing confidence in a global recovery with pandemic lockdowns easing.
Cathay Pacific, major shareholders Swire and Air China halt trading in Hong Kong
Cathay Pacific Airways Ltd and its major shareholders Swire Pacific Ltd and Air China Ltd halted trading in their shares in Hong Kong on Tuesday pending announcements.
Asia stocks set to gain after recovery hopes push Wall Street higher
Asian stocks were set to climb on Tuesday as confidence in an economic recovery pushed the Nasdaq benchmark to a record high, although doubts about crude supply cuts were likely to keep oil prices under pressure.
