Markets

NEW YORK: Bitcoin hit a fresh high on Saturday (Feb 20), extending a two-month rally that took its market capitalisation above US$1 trillion on Friday. The world's most popular cryptocurrency rose to a record US$57,553, taking its weekly gain to about 20 per cent. It has surged nearly 100...

Brazilian President Jair Bolsonaro's nominee to lead state-run oil company Petrobras said on Saturday the company needs to find "balance" in fuel pricing, considering the impact on shareholders, investors, sellers and consumers.

Billionaire CEO Elon Musk said on Saturday the price of bitcoin and ethereum seemed high, at a time when the cryptocurrencies have hit record highs, with bitcoin crossing the US$1 trillion market-capitalization threshold.

The head of European planemaker Airbus called on Saturday for a "ceasefire" in a trade war with the United States over aircraft subsidies, which has led to billions of dollars in tit-for-tat tariffs on airplanes and other goods.

TAIPEI: The chairman of Apple supplier Foxconn said on Saturday (Feb 20) he expects his company and its clients will face only "limited impact" from a chip shortage that has rattled the global automotive and semiconductor industries. "Since most of the customers we serve are large customers, they ...

TAIPEI: Taiwan's economy will grow at its fastest pace in seven years in 2021, the statistics office said, upgrading its economic outlook as a strong rebound in exports and demand for chips helps the island shake off the blow from the coronavirus crisis. Gross domestic product is expected to...

TAIPEI: Taiwan Economy Minister Wang Mei-hua said on Saturday (Feb 20) she had received a letter from the White House on the global shortage of auto chips and Taiwanese semiconductor firms are "doing what they should" to address the problem. Tight chip supplies have caused problems for auto makers...

The chairman of Apple Inc supplier Foxconn said on Saturday he expects his company and its clients will face only "limited impact" from a chip shortage that has rattled the global automotive and semiconductor industries.

Taiwan Economy Minister Wang Mei-hua said on Saturday she had received a letter from the White House on the global shortage of auto chips and Taiwanese semiconductor firms are "doing what they should" to address the problem.

Alphabet Inc's Google fired staff scientist Margaret Mitchell on Friday, they both said, a move that fanned company divisions on academic freedom and diversity that were on display since its December dismissal of AI ethics researcher Timnit Gebru.