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Taiwan Semiconductor profit up 21 percent in Q1 TAIPEI: Taiwan Semiconductor Manufacturing Co said Thursday its first-quarter net profit rose 21 percent year-on-year, boosted by stronger than expected demand for chips used in smartphones and tablets. The world's biggest contract chip maker said net profit rose to Tw$47.87 billion ($1.6 billion) in the January-March period, while revenue grew 11.6 percent to Tw$148.22 billion from a year earlier. Net profit and revenue rose 6.8 percent and 1.7 percent, respectively, from the fourth quarter last year, the company said in a statement. The figures exceeded a forecast TSMC made last month when raising its first-quarter guidance on robust demand for sophisticated chips used in mobile devices. The company had expected first-quarter revenue of around Tw$147 billion."In the first quarter, we saw much stronger demand for our wafers across all segments but more pronounced in mobile-related applications than we had initially predicted," said chief financial officer Lora Ho. TSMC said mobile ...

Amazon hit by new strikes in Germany FRANKFURT: Two of Amazon's key sites in Germany were the target of fresh walkouts by staff on Thursday in an long-running wage dispute. The services sector union Verdi has called for full-day stoppages at Amazon's logistics centres in Leipzig and Bad Hersfeld. Participation was "good," a Verdi spokesman told AFP, without specifying how many employees took part in the strike.Amazon has a workforce of around 2,000 in Leipzig and 3,300 at Bad Hersfeld.Amazon has a ...
SAP confirms 2014 forecasts after solid Q1 FRANKFURT: German software giant SAP said on Thursday it is sticking to its full-year forecasts for 2014 after profits rose slightly in the first quarter.SAP said that net profit rose by 3.0 percent to 534 million euros ($739 million) in the period from January to March, underlying or operating profit was up 12 percent at 723 million euros on a 3.0-percent increase in revenues to 3.698 billion euros. SAP publishes two sets of accounts, one ...
'Chief Yahoo' David Filo returns to board SAN FRANCISCO: Yahoo announced the nomination Wednesday of three new board members, including company co-founder David Filo, who earned the nickname and formal job title of "Chief Yahoo."Filo was named along with Charles Schwab, head of a big investment firm bearing his name, and H. Lee Scott, former president and chief executive at Walmart."As a co-founder and long time Chief Yahoo, Filo is the heart and soul of the company and in re-joining the board, ...
Weibo IPO below expectations, raises $285.6mn: report BEIJING: Sina Weibo has sold fewer shares than expected in its US IPO which has been priced below expectations, a report said Thursday, ahead of its listing which takes place after selloffs on Wall Street.The Beijing-based firm, often described as China's version of Twitter, sold 16.8 million US depositary shares at $17, raising $285.6 million before the sale of any additional shares to underwriters, Dow Jones Newswires said, quoting two people familiar with the deal. ...
Car sales upturn fails to halt European price war PARIS: Europe's car sales recovery may be taking hold, according to registrations data published on Thursday, but confidential industry surveys show the price war is raging on.Discounts outgrew first-quarter sales, according to the data seen by Reuters, casting doubt on the strength of the recovery and earnings outlook for carmakers in the region. Registrations rose 10.4 percent in March, the Association of European Carmakers said, rounding off an 8.1 percent gain for the first three ...
SAP warns exchange rate impact to worsen in Q2 FRANKFURT: German business software maker SAP expects the negative impact of volatile exchange rates to worsen in the second quarter as the strong euro weighs on its financial results. The group warned on Thursday that software and software-related service revenues would take a 6 percentage point hit in the second quarter if exchange rates remained at March levels. Operating profit, excluding special items would be 8 percentage points lower, SAP said. Copyright Reuters, 2014 ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln