Operating performance in the quarter was strong and substantially above the equivalent quarter last year. The group increased EBITDA excluding special items by 21% to US$175 million, operating profit excluding special items by 51% to ...
Tags: Stronger Performance, EBITDA
For fiscal second-quarter 2016 (to 26 December), Oclaro Inc of San Jose, CA, USA (which provides components, modules and subsystems for optical communications) has reported revenue of $94.1m (slightly above the $88-94m guidance). This is up ...
Tags: Oclaro, Wireless sales
Engineered materials and optoelectronic component maker II-VI Inc of Saxonburg, PA, USA has completed its acquisition of EpiWorks Inc of Champaign-Urbana, IL, USA (which manufactures epitaxial wafers for optical components, wireless devices ...
Tags: EpiWorks, Engineered materials
China on Wednesday lowered its current account surplus for the third quarter and revised its estimate for the capital and financial account from a deficit to a surplus. The third-quarter surplus under the current account was cut to 60.3 ...
Germany's biggest lender, Deutsche Bank, has agreed to sell its nearly 20-percent stake in Chinese bank Hua Xia for around 3.3 billion U.S. dollars to PICC Property and Casualty Company. The sale still has to be given the ...
Tags: Deutsche Bank, Hua Xia Stake
China's outstanding foreign debt settled at 1.53 trillion U.S. dollars by the end of September, data from the country's forex regulator showed on Wednesday. Most of the debt owed to foreign creditors resulted from short-term borrowing, as ...
Tags: External Debt
Tongtai continues to build sales of aircraft-making machine tools. (Pictured is group chairman, R.X. Yen)The Tongtai Group of Taiwan estimates machine tools for making aircraft parts to rise to account for 10 percent of its revenue by 2016, ...
Tags: Tongtai, aircraft parts, Manufacturing
Taiwan consumers have continued to show lower expectations about future income and investment as well as general economic situation for the eighth-consecutive month in December, said a survey publicized Monday. The consumer confidence ...
Tags: Consumer Confidence, Keep Lowering
China's economic growth is expected to be unchanged in the fourth quarter of this year, but an improvement is still distant due to property weakness and excess capacity, according to the latest report from UBS. The Swiss banking group ...
Taiwan's machine-tool makers have entered into an alliance with the island's aircraft builders and a government-backed laboratory to develop intelligent industrial technology to sharpen their machine tool capability to manufacture aircraft, ...
Tags: aircraft-building, intelligent industrial, Processing Machinery
Sonoco Consumer Products Europe is planning to close two of its tobacco production plants in Germany, resulting in the removal of 100 employees. The Bunde plant in Northwest Germany will be closed by May 2016 and Hockenheim 3 plant in ...
Tags: Sonoco Consumer Products, tobacco, Packaging
The U.S. Commerce Department on Tuesday revised down its estimate for the real gross domestic product(GDP) in the third quarter to a growth of 2 percent, slightly lower than its last projection of 2.1 percent. The growth was on par with ...
Tags: U.S.Economic, Down
The global notebook market will face more uncertainty in 2016 as Xiaomi Technology and Huawei will debut in the mature market, and Samsung Electronics has also renewed its interest in it, according to industry sources. As the global ...
Tags: notebook market, Xiaomi, smartphones
pple and China UnionPay announced a partnership to bring the digital wallet of Apple Pay to China on Friday, cashing in on the popularity of such services in the country. China UnionPay cardholders will be able to link their bank cards to ...
Experts believe that China's service industry will keep up high growth levels in the next few years. Liu Yuanchun, a dean at Renmin University of China, predicts an 8-percent growth rate for the sector. "There is no problem for China to ...