TSMC , the world's largest contract chipmaker, underlined the strong recovery in the once-struggling sector as it clocked its biggest profit in three quarters and raised its capital spending target.
World stocks and commodity prices rose on Thursday after China's central bank reaffirmed loose monetary policy and European corporate earnings cheered investors, while the dollar and government bond prices fell.
China's central bank pledged to maintain loose monetary policy and use market tools, not quota-style controls, to ensure sustainable credit growth that will support economic recovery.
Chinese stocks see-sawed in skittish trade on Thursday, as the central bank reaffirmed loose monetary policy, while other Asian markets regained enough poise after the previous day's shakeout to edge back to 2009 highs.
Asian share markets were largely steady on Thursday, struggling to regain multi-month highs, while Shanghai shares see-sawed after a 5 percent sell-off the previous day that sent other markets reeling.
Oil eased toward $63 a barrel on Thursday, after sliding almost 6 percent the day before on data showing a jump in U.S. crude stocks, while the market kept an eye on measures by China to manage credit growth.
One week after the apparent suicide of a Chinese factory worker accused of stealing a carefully guarded Apple iPhone prototype, one question remains unanswered: what happened to the missing phone?
Oil eased toward $63 a barrel on Thursday, after sliding almost 6 percent the day before on data showing a jump in U.S. crude stocks, while the market kept an eye on measures by China to manage credit growth.
UN Secretary-General Ban Ki- moon on Wednesday pressed China's responsibility to lead the global fight against climate change, which, Ban said, was the major focus of his trip in Asia.
A netizen, who was said to be a key member of the World Uygur Congress (WUC), was blamed by Chinese authorities for fanning ethnic confrontation that caused the deadly July 5 riot in Urumqi by spreading a fake video online, state news agency Xinhua reported on Wednesday.
China State Construction Engineering Group (CSCEC), the world's largest stock offering in 16 months, had 28 billion yuan capital trapped in stock at their debut in Shanghai as its price fell to 6.53 yuan compared to the opening price of 6.70 yuan.
Australian miner giant BHP Billiton has unveiled a shift in the way it prices sales of iron ore, indicating the end of 40 years of annual contracts.
U.S. stocks fell on Wednesday as investors worried that China might be ready to hit the brakes on lending, a move that could curb demand and hinder the global economic recovery.
Stocks fell on Wednesday as investors worried that China might be ready to hit the brakes on lending, a move that could curb demand and hinder the global economic recovery.
Stocks fell on Wednesday as investors worried that China's banks might be ready to hit the brakes on lending to stem market excesses, a move that could curb the global economic recovery.
Corrects final paragraph to show that Nasdaq's decliners outnumbered advancers
Stocks fell on Wednesday as investors worried that China's banks might be ready to hit the brakes on lending to stem market excesses, a move that could curb the global economic recovery.
Stocks fell on Wednesday as investors worried that China's banks might be poised to hit the brakes on lending to stem market excesses, a move that could curb the global economic recovery.
Intel Corp said on Wednesday it no longer expects netbooks to appeal to first-time computer buyers, but sees continued sales of the ultra-portable laptops as a secondary machine or a durable option for kids.
Stocks fell on Wednesday as investors worried that China's banks might be poised to hit the brakes on lending to stem market excesses, a move that could curb the global economic recovery.
China's bubbly stock market is making heroes out of some unlikely companies. And none more so than BYD Co. (1211.HK), in which Warren Buffett plans to take a 10 percent stake.
Japanese car manufacturers unexpectedly posted profits on Wednesday and Mercedes-maker Daimler forecast improving performance this year but clear signs of sustained recovery for the world's battered auto sector remained elusive.
