В продаже появилась первая модель iPhone 6 с 32 Гбайт постоянной памяти. Прежде Apple предлагала только 16-, 64- и 128-гигабайтные версии этого смартфона, передаёт издание 9 to 5 Mac. iPhone 6 с 32 Гбайт памяти доступен у некоторых азиатских мобильных операторов. К примеру, Taiwan Mobile начнёт продажи новинки 10 марта в рассрочку на 30 месяцев при подключении тарифного плана, предполагающего ежемесячные платежи в размере NT$1400 (около $45). Некоторые китайские сотовые компании выпустили этот аппарат ещё в конце февраля.
Chunghwa Telecom (CHT) declared strong financial results for the fourth quarter of 2015
On Feb 3, 2015, we issued an updated research report on Chunghwa Telecom Co., Ltd. (CHT) which The largest integrated telecommunications operator in Taiwan.
STOCKHOLM, June 2 (Reuters) - ERICSSON : * Ericsson to provide integrated policy and charging solution to Taiwan Mobile * Contract value not disclosed in statement
Comcast Corp is offering at least two Asian cellular operators access to its WiFi hot spots in the United States, in trial partnerships that illustrate the cable company's ambitions to compete with U.S. wireless carriers. The deals with Japan's KDDI and Taiwan Mobile allow their subscribers to use Comcast's WiFi hot spots when they travel to the United States, reducing the international roaming charges that they would otherwise have to pay, according to a Comcast spokesman.
Nokia Solutions and Networks (NSN) has recently struck a deal with Taiwanese GSM mobile phone operator, Taiwan Mobile, to supply 4GLTE equipment.
A year which showed that central planning works (for the fifth year in a row and probably can continue to "work" at least a little longer - in the USSR it surprised everyone with its longevity before it all came crashing down), is drawing to a close. This is what has happened so far on the last trading session of 2013. As market participants head in to the New Year period, volumes are particularly thin with closures being observed across Europe with only the CAC, IBEX and FTSE 100 trading out of the major European indices, with German, Switzerland, Italy and the Nordic countries are already closed. The FTSE and CAC are both trading in the green with BP leading the way for the FTSE earlier in the session after reports the Co. have asked a federal appeals court to block economic loss payments in its settlement of the Gulf of Mexico oil spill. European stocks rise, with real estate, travel & leisure leading gains. Retail shares underperform as Debenhams slumps following its IMS. A number of major markets will close early today. The euro falls against the dollar. Fixed income market are particularly quiet with the Eurex being shut. Whilst Gilts are seen down this morning following on from yesterday’s short-covering gains. Market recap S&P 500 futures little changed at 1835.3 Stoxx 600 up 0.2% to 327.8 US 10Yr yield up 2bps to 2.99% German 10Yr yield little changed at 1.93% MSCI Asia Pacific up 0.1% to 141.3 Gold spot up 0.5% to $1202/oz EUROPE 18/19 sectors rise, led by real estate, travel & leisure Greek October Retail Sales Fall 1.9% y/y Gainers: CRH +1.9%, Taylor Wimpey +1.8%, Persimmon +1.8%, Berkeley Group +1.8%, Land Securities +1.6%, Endesa +1.7%, SBM Offshore +1.5%, Telenet Group +1.4% Decliners: Debenhams -10.1%, Banco Comercial Portugues -2.7%, International Personal Finance -2%, Essentra -1.9%, Petrofac -1.9%, Delta Lloyd -1.5%, Inchcape -1.5%, Lonmin -1.4% ASIA Asian stocks rise, with Chinese shares leading gains. Australian shares underperform. MSCI Asia Pacific up 0.1% to 141.3 Nikkei 225 up 0.7%, Hang Seng up 0.3%, Kospi up 0.5%, Shanghai Composite up 0.9%, ASX down 0.1%, Sensex up 0.1% All 10 sectors rise, led by energy, utilities Singapore Economy Grew 3.7% in 2013, Prime Minister Lee Says S. Korea’s Dec. Consumer Prices Rise 1.1% Y/y Gainers: BBMG Corp +6.6%, GOME Electrical Appliances +5.9%, Synnex Technology International +5.2%, China Gas Holdings +4.2%, Rural Electrification Corp +4.1%, Power Finance Corp +4.1%, Byd Co +4%, NWS Holdings +3.1% Decliners: Vangaurd International -3.9%, MMC Corp -3.4%, Parkson Holdings -2.8%, TSRC Corp -2.8%, Taiwan Mobile -2%, Newcrest Mining -1.9%, China Resources Cement -1.9%, Idea Cellular -1.9% Overnight news bulletin from Bloomberg Treasuries decline in the last trade day of the year, 10Y yield holding near 3%, closed at 1.757% on Dec. 31, 2012. Treasuries delivered a total return of -2.3% this year, according to BofAML’s U.S. Treasury Index, the first yearly loss since 2009 as Fed scales back bond buys U.S. investment-grade corporates lost 1.3% this year while high yield bonds returned 6.8%, also according to BofAML indexes; the S&P 500 rallied 29%, while the DJIA is headed toward its biggest annual gain since 1996 The yuan rose 2.9% this year, its fourth annual gain in Asia’s best performance for 2013; JPY has fallen 17.4% vs USD while EUR has gained 4.3% Gold is headed for the biggest slump in three decades and the first annual loss since 2000; silver is poised for the worst annual performance since 1981 Latvia becomes the 18th member of the euro area tomorrow even as opponents of the currency switch outnumber proponents two-to-one as public expectations for accelerating inflation mount, opinion polls show Fourteen pot shops are scheduled to open in Denver tomorrow, just over a year after Colorado and Washington voters made their states the first to legalize recreational use; Colorado expects $67m in tax revenue Sovereign yields mostly higher. Nikkei closed for holiday; Japan reopens Jan. 6. Shanghai +0.9%. U.S. equity-index futures little changed. WTI crude declines, copper little changed, gold rises Asian Headlines The PBoC said that China's economy and consumer prices are basically stable and reiterated it is to pursue prudent monetary policy, according to a statement on the Q4 monetary policy committee meeting. Nomura forecasts 2014 year-end Nikkei 225 average at 18000 and added that the Nikkei 225 could reach 25000 in 2018. EU & UK Headlines German Chancellor Merkel says that eliminating the budget deficit is a priority of her third four-year term. (Newswires) Separately, the German finance minister has said Latvia's joining of the Eurozone will structurally strengthen the monetary union. Liquidity in the Eurozone area has risen from EUR 200bln to EUR 274.8bln following yesterday's MRO and LTRO operations alongside the ECB's failure to sterilise the aimed quantity in the SMP programme. ESM has said that the Spain assistance program has expired with a successful exit. Barclays pan-Euro agg month-end extensions: +0.03y Barclays Sterling month-end extensions:+0.07y US Headlines Fed's Fisher said his votes on the central bank's policy panel in 2014 will reflect his concern that the Fed's bond buying risks stoking inflation and exposing the institution politically. Barclays US Tsys month-end extensions:+0.07y Equities The CAC and FTSE 100 are seen in the green albeit with thin volumes. In terms of stock specific news, BP have asked a federal appeals court to block economic loss payments in ITS USD 9.2bln settlement of the 2010 Gulf of Mexico oil spill unless they can be directly linked to the disaster. UK retailers are under pressure after Debenhams' profit warning, with the likes of Sainsburys and Marks and Spencers consequently seeing some downside. Elsewhere, pre-market it was reported for Sanofi that France may allow substitutes for Co.'s Doliprane, France's most prescribed medicine which led to EUR 276mln of health-system reimbursements in 2012. FX In FX markets, EUR is seeing some downside amid signs liquidity in the Eurozone area rising from EUR 200bln to EUR 274.8bln following yesterday's MRO and LTRO operations alongside the ECB's failure to sterilise the aimed quantity in the SMP programme. GBP has managed to benefit from GBP/USD holding above the 1.6500 level. Overnight, JPY continued to strengthen which saw USD/JPY test the 105 handle to the downside. USD/JPY has steadily fallen since yesterday after failing to test 105.50 to the upside where there are large option barriers and a key Fibonacci level. However, there has been little in the way of movement for the pair in the European session. Commodities Production resumes at Libya's 25,000 bpd Messla oil field, state-owned National Oil says on its website. China may buy more Iranian oil next year as a state trader is negotiating a new light crude contract that could raise imports from Tehran to levels not seen since tough Western sanctions were imposed in 2012. Residents of a small town in North Dakota were urged to evacuate after a BNSF train carrying crude oil collided with another train on Monday, setting off a series of explosions and fires, the latest in a string of incidents that have raised alarms over growing oil-by-rail traffic. Berkshire Hathaway Inc. will swap about USD 1.4bln in shares of Phillips 66 for full ownership of the energy firm's pipeline-services business, at billionaire Warren Buffett expands his bet on oil transportation. SPDR Gold Trust said its holdings fell 0.37% to 798.22 tonnes on Monday from 801.22 tonnes on Friday.
Apple выплатит властям Тайваня 670 тысяч долларов за вмешательство в ценовую политику страны, сообщает The Wall Street Journal. Решение о штрафе приняла комиссия по справедливой торговле. В FTC посчитали, что Apple нарушила статью 18 акта о справедливой торговле. Компания вмешалась в ценовую политику трех главных операторов Тайваня Chunghwa Telecom, Far Eastone Telecommunication и Taiwan Mobile. Apple указывала, какие цены компании должны установить на iPhone, несмотря на то, что они уже приобрели право на продажу устройств. Компания может подать апелляцию на данное решение, однако в этом случае сумма штрафа может увеличиться более чем вдвое. Ранее Apple уличили в уходе от налогов в Италии. Компания задолжала государству 1 млрд евро. В настоящее время расследованием дела занимается миланская прокуратура.
Тайваньская комиссия по справедливой торговле (Fair Trade Commission, FTC) объявила о штрафе в размере 20 млн новых тайваньских долларов ($670 000), который придется выплатить Apple за попытки управления политикой ценообразования местных операторов сотовой связи и дистрибьюторов мобильных устройcтв при реализации смартфонов iPhone. FTC отметила, что Apple, диктуя трем крупнейшим провайдерам мобильных сервисов — Chunghwa Telecom, Far Eastone Telecommunication и Taiwan Mobile Co цены, по которым следует продавать смартфоны iPhone, нарушила пункт 18 Закона о справедливой торговле Тайваня (Fair Trade Act).
Тайваньские телекоммуникационные провайдеры Chughwa Telecom (CHT), Taiwan Mobile (TWM) и Far EasTone Telecommunications (FET) недавно получили лицензию на частотные диапазоны 600-700 МГц, которые им выделены для организации 4G-сетей на локальном рынке. Наши коллеги с издания The Digitimes поинтересовались у президентов этих компаний, как они видят преимущества новой технологии и каковы её перспективы. Основным преимуществом 4G все три руководителя назвали более высокую скорость передачи данных. При этом президент TWM отметил, что он не может привести пример сервиса, который мог бы быть реализован в 4G и не может в 3G. Хотя 4G всё же гораздо лучше подходит для видеосервисов и служб с интенсивной передачей трафика. Что касается возможных трудностей, перед которыми могут столкнуться 4G-операторы, то руководители назвали возможную конкуренцию на рынке сервисов со стороны мировых гигантов, таких как Google, Facebook, поэтому их основные усилия будут сосредоточены на разработке сервисов, нацеленных на местного потребителя.
Buyout seen as way to refocus ailing computer manufacturer as popularity of tablets forces shift to corporate marketMichael Dell has the won the battle for control of the computer company that he created, after shareholders backed his $24.8bn (£15.7bn) offer to take Dell private and revive the struggling business away from the incessant pressure of Wall Street.The vote clears the way for the huge buyout, in which Dell is working with private equity partners Silver Lake after seeing off a challenge from activist investor Carl Icahn.The move comes as traditional PC companies struggle to make money in a market that is rapidly shrinking, with the latest forecasts showing that PC sales will be overtaken by tablets for the first time in the final quarter of this year.Research group IDC said tablets will outsell all PCs in the three months to Christmas, and by 2015 they will regularly outsell PCs as consumers' tastes shift towards the more mobile format."We are forecasting 84.1m tablets will be shipped in the fourth quarter of 2013, compared to 83.1m PCs," said an IDC spokesman.The abruptness of the shift – modern tablets only went on sale with the launch of Apple's iPad in April 2010 – has caught a number of traditional PC companies, including Dell, flatfooted and with no viable strategy in the fast-growing mobile market.By 2017, says IDC, 87% of devices connected to the internet will be tablets and smartphones, relegating PCs from their former position as the main means of getting online.Speaking after the Dell vote, Francisco Jeronimo, IDC's smartphones analyst, said the wider market shift will "kill many old companies and create new leaders".PC makers such as Dell have struggled with limited profits for years. But as consumers, who made up half of PC buyers, have shifted spending to tablets and smartphones, the industry has suffered falls in sales which are squeezing small and large players alike.Michael Dell, who founded the company from a college dorm room in 1984, has fought for months to convince investors his offer is the best option for the company's future. Icahn ended his challenge after deciding it was "impossible to win".Dell has been forced into a buyout after 25 years on the stock market because the PC market is dwindling so rapidly. The company reported a 72% slump in quarterly earnings last month as it cut prices and prepared an attack on the market for supplying big "enterprise" businesses.The iPad was rapidly followed by more tablets, from companies including Samsung, Amazon and Google. After years when PC sales growth was regularly between 10% and 20%, it has gone into reverse for the past five quarters, and IDC forecasts a drop of nearly 10% this year.Other companies besides Dell have been hit due to the lack of a successful tablet strategy. Taiwan's Acer, one of the five biggest PC makers, has seen profits collapse since 2011, and revenues have shrunk for five quarters in a row. HP, which bought Palm for $1bn but wrote off its TouchPad tablet in August 2011 after less than two months, is also struggling to make a profit from PCs.Michael Dell argues that the company needs to go private so it can restructure to cope with the new computing landscape away from the quarterly pressures of Wall Street, and focus as IBM does on providing its storage, servers and services to public organisations and large companies.Dell first proposed the buyout in private discussions in June 2012. It was announced on 5 February at $13.65 per share. Rival bidder Blackstone raised that to $14.25 in March, and Icahn offered $15 soon afterwards. Dell finally offered $13.75 per share.A vote on the buyout had been postponed three times as Michael Dell and the company's board scrambled to garner enough votes in favour. But last month Dell raised his offer price, tacked on a special-dividend sweetener, and got the board to change voting rules so that abstentions no longer count against him – turning the tide in his favour.A change of over two months in the deadline for proxy votes may also have brought backing from hedge funds that bought shares for short-term gain and were likely to support a buyout.DellTablet computersComputingPrivate equityCharles Arthur theguardian.com © 2013 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds
IT FEELS more like a rock concert than a press conference as the casually dressed chief executive takes to a darkened stage to unveil his firm’s sleek new smartphone to an adoring crowd. Yet this was not the launch of the new iPhone by Apple on September 10th, but of the Mi-3 handset by Xiaomi, a Chinese firm, in Beijing on September 5th. With its emphasis on snazzy design, glitzy launches and the cult-like fervour it inspires in its users, no wonder Xiaomi is often compared to its giant American rival, both by admirers and by critics who call it a copycat. Xiaomi’s boss, Lei Jun (pictured), even wears jeans and a black shirt, Steve Jobs-style. Is Xiaomi really China’s answer to Apple?Xiaomi sold 7.2m handsets last year, in China, Hong Kong and Taiwan, earning revenues of 12.6 billion yuan ($2.1 billion). Apple sold 125m smartphones globally, earning about $80 billion of its $157 billion sales. But since it was founded in 2010, Xiaomi has grown fast. A recent funding round valued it at $10 billion, more than Microsoft just paid for Nokia’s handset unit. That made Xiaomi one of the 15 most heavily venture-backed mobile start-ups ever, says Rajeev Chand of...
China’s economy is likely to become the largest in the world within a matter of months, if not years. This will happen as a matter of course. What remains to be seen is whether or not the majority of China’s citizens will ever attain a first-world standard of living. This will require a transformation in China from an autocratic, centralized economy to a democratic, free market economy. It has happened in other Asian nations, and can happen in China as well. If it does happen, Hong Kong will play a key role. The official narrative of China’s history is one of victimhood that ended with the 1949 establishment of the People’s Republic of China. China now faces the prospect of not being merely an equal amongst the great nations of the world in terms of economic size, but the economic leader of the world. But aggregate economic activity is of little worth to individuals in a country where the average per capita personal income in 2012 was $6,067 USD. By comparison per capita personal income in the United States for the same year was $42,693. China can catch up and even surpass other countries in this more important economic metric, but the process will not be without its challenges. These challenges were outlined in some detail in a keynote speech delivered at last week’s Tipping Point Hong Kong conference by Professor Gordon Redding, Senior Fellow, INSEAD. Throughout his talk, Redding pointed to challenge China’s economy faces due to a dependence on interpersonal trust in business transactions. On the surface interpersonal trust may sound like a good thing, but people only do business with those they know and trust, to the exclusion of those with whom they have no personal relationship. Economically this is crippling because it undermines the division of labor and the efficiencies it creates which allow for the widespread diffusion of wealth. In order for China to bring the standard of living for its citizens to first-world levels, it must foster trust not just in specific individuals, but in individuals generally, or in the system. “The key invention here is modern free market capitalism, the heart of which is not accumulation but innovation,” says Redding. “Inside that the dynamo is entrepreneurship (the search for new combinations) and the mechanism is widespread exchange. A core feature is rationality and trust in the fairness of the system.” James Surowieki, staff writer at The New Yorker and author of the 2004 bestseller The Wisdom of Crowds, says much the same thing in his book. Far from being an unfortunate byproduct of capitalism, it is this impersonal trust, or trust in culture, systems, and individuals generally rather than only specific individuals one knows well, that makes the system work, providing us with everything from smartphones to health care. If I only do business with those I know and trust, my ability to trade for my gain is limited to my immediate circle of contacts. In his book Surowieki quotes economist Stephen Knack who states, “The type of trust that should be unambiguously beneficial to a nation’s economic performance is trust between strangers.” Knack continues, “Particularly in large and mobile societies where personal knowledge and reputation effects are limited, a sizable proportion of potentially mutually beneficial transactions will involve parties with no prior personal ties.” Restricting trade to only those with whom you have a preexisting personal tie restricts trade across an entire economy. Taken to an extreme a reliance on interpersonal trust in business transactions would result in a society that is incapable of producing something as simple as a pencil. China makes plenty of pencils, not to mention much more sophisticated products, while remaining under an autocratic government, but this will only take it so far. Redding points out that China’s continued prosperity will prove illusory if they do not transition from an autocratic system which forces economic transactions to a free one where trade is voluntary. Just as the United States was stunned by the growth of the Soviet Union during the 50s, 60s, and 70s, only to see the USSR ultimately collapse, China has also impressed the world with it’s growth over the past 30 years but will likewise fail to sustain its growth under the current system. Redding says China will hit a wall as average per capita income in that country nears $15,000 per year. At this point the economy will not be able to continue its progress without a transformation. The way all developed economies have jumped this hurdle is through some form of free market capitalism. Redding contrasts the old way an autocracy forcibly extracted surplus from the economy, using a portion of it to sedate the masses, with the new way of elected leadership, rule of law, and free markets. “Domination by capitalists emancipates society from harsher previous modes of domination," says Redding. He points to other Asian countries who have successfully made the transition, including Japan, South Korea, Taiwan, Singapore, and Hong Kong. But knowing what the goal is and being able to make it happen are two separate things. Redding asks, “How will China escape from the mistrust-based reliance, without an indigenous equivalent to civil society and strong legal institutions?” Without going into detail as to how these other nations overcame the challenge, one might be tempted to think the template is already there, and the example of those nations is enough. Surowieki details just such a transformation led by example in his book. Surowieki points to a historical example of how trust of the free market system developed in Western society by way of the Quakers. Quakers, because of their religious affiliation and the existence of a discriminatory state religion in Great Britain, were excluded from trade professions and were relegated to the lowly practice of business. Quakers found it easy to trade with fellow Quakers, and because of their standard of honesty and fair dealing, they became quite prosperous. Then an interesting thing happened. As Surowieki writes: Quaker prosperity did not go unnoticed in the outside world. Quakers were well-known already for their personal emphasis on absolute honesty, and as businessmen they were famously rigorous and careful in their record keeping. They also introduced innovations like fixed prices, which emphasized transparency over sharp dealing. Soon, people outside the sect began to seek Quakers as trading partners, suppliers, and sellers. And as Quaker prosperity grew, people drew a connection between that prosperity and the sect’s reputation for reliability and trustworthiness. Honesty, it started to seem, paid. Is the example of the prosperity of surrounding Asian nations enough to move China to follow in that same direction? Not in any sort of timely manner, no. The complicating factor is “face.” For China to publicly follow in the footsteps of a Japan or Taiwan, for example, would bring national embarrassment. China’s government wants to lead, not follow. Hong Kong gives it a way to lead without losing face.
SunEdison (SUNE) has filed to spin off its semiconductor materials unit, SunEdison Semiconductor, via an IPO of up to $250M. SunEdison plans to use the money to build solar farms, following peer companies such as SunPower and First Solar, which have made similar moves as panel prices remain weak. SunEdison Semiconductor produces wafers used in chips for computers, mobile phones and cars, with its largest customers including Samsung, Taiwan Semiconductor Manufacturing Co. and STMicroelectronics. The unit earned revenue of $239M in Q2, or 60% of SunEdison's total. SunEdison Semiconductor intends to trade under the ticker symbol "WFR." (S-1) Post your comment!
During his career, Greg Tarr has founded a tech company as well as worked as a VC for a strategic investor. A big part of his background has been in telecom and mobile, especially in Asia. For 13 years, he lived in Japan, Korea, Hong Kong, Taiwan and Singapore (he is a native New Yorker!)
Taiwan Semiconductor Manufacturing (TSM): Q4 net profit +32% to T$41.6B ($1.4B), in line with estimates, as the company benefits from increasing sales of mobile devices. Revenue +25% to T$131B, also in line, as are earnings per ADR of $0.28. As previously flagged, to invest $9B on capex this year, forecasts Q1 revenue of T$127-129B; also expects inventory levels to fall. (PR)
Taiwan Semiconductor Manufacturing (TSM): Q4 net profit +32% to T$41.6B ($1.4B), in line with estimates, as the company benefits from increasing sales of mobile devices. Revenue +25% to T$131B, also in line, as are earnings per ADR of $0.28. As previously flagged, to invest $9B on capex this year, forecasts Q1 revenue of T$127-129B; also expects inventory levels to fall. (PR) Post your comment!
Taiwan Semiconductor Manufacturing, whose chairman and CEO Morris Chang was selected as Forbes Asia’s businessman of the year in 2012, said today its fourth quarter net profit soared by 31.6% from a year earlier to NT$41.6 billion, or about $1.43 billion, amid healthy global demand for mobile products. TSMC, the world’s largest [...]
Macao recorded a trade deficit of 5977614.05 Thousand MOP in August of 2015. Balance of Trade in Macao averaged -2091867.89 Thousand MOP from 1997 until 2015, reaching an all time high of 634540 Thousand MOP in July of 2000 and a record low of -8008621.96 Thousand MOP in December of 2014. Balance of Trade in Macao is reported by the Statistics and Census Service, Government of Macao SAR. Macao’s trade deficits have been rising in recent years as a result of declining exports and rising imports. Macao mostly exports clothing and textiles, tobacco and wine, machinery and transport equipment, copper, watches, diamond jewellery, office machines and telecommunication equipment. Macao imports food and beverages, gold jewellery, mobile phones, watches, hand bags, vehicles, footwear and portable computers. Macao’s main trading partners are China, the United States, Japan, Hong-Kong, Singapore, Germany and Taiwan. . This page provides - Macao Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.