Category Archives: Uncategorized

BRIEF-Premier Farnell sees oper profit at lower end of guidance range

* Remain cautious about ongoing challenging industrial backdrop in US, expect margin pressure reflecting current competitive environment Source::

Hon Hai plans $1.5 bln HK IPO for Foxconn Interconnect Technology unit-IFR

HONG KONG, Dec 17 (Reuters) – Taiwan’s Hon Hai Precision Industry Co plans to spin off its Foxconn Interconnect Technology unit in a Hong Kong initial public offering worth at least $1.5 billion, IFR reported on Thursday, citing people close to the deal. Source::

Australia’s New South Wales rules Uber ride-sharing service legal

MELBOURNE, Dec 17 (Reuters) – Australia’s New South Wales (NSW) on Thursday declared ride-hailing service Uber legal in the country’s most populous state, making it the second jurisdiction to give the U.S.-based firm the green light as other areas continue to review its legality. Source::

UPDATE 2-Australian tax office names names in multinational avoidance row

* Tax crackdown comes amid budget blowout (Adds quotes, details on companies) Source::

Japan’s TDK says to buy Swiss Micronas Semiconductor for up to $215 mln

TOKYO, Dec 17 (Reuters) – Japan’s TDK Corp said on Thursday it plans to acquire Micronas Semiconductor Holding AG for up to 214 million Swiss francs ($215 million). Source::

BRIEF-Hareon Solar Technology changes accounting firm

* Says appointed Da Hua Certified Public Accountants as accounting firm for 2015 Source::

BRIEF-Bright Oceans Inter-Telecom to provide loan guarantee for unit

* Says to provide loan guarantee of 150 million yuan for its subsidiary Harbin Coslight Power Co Ltd Source::

BRIEF-MTN Ghana wins a 4G/LTE licence

* Scancom Limited (“MTN Ghana”) was declared a winner in auction process of a 15 year 4G/LTE licence in 800 mhz spectrum band for a purchase consideration of $67.5 million Source::

UPDATE 3-Court blocks WhatsApp Brazil message service for 48 hrs

RIO DE JANEIRO, Dec 16 (Reuters) – Access in Brazil to the WhatsApp phone-messaging application was cut off early on Thursday after a Brazilian judge told local phone companies to block the popular service for 48 hours for failure to comply with a July court order in a criminal case. Source::

BRIEF-Guangxi Future Technology to set up new unit

* Says to use 30 million yuan to set up a new technology subsidiary in Suzhou, Anhui Source::