UMC’s subsidiary plans IPO in Shanghai

Taipei, June 30 (CNA) United Microelectronics Corp. (UMC), the second-largest contract chipmaker in Taiwan, is planning to sell shares of a subsidiary based in China through an initial public offering ... ( read original story ...)

Asian markets, led by China, bounce back strongly

The Shanghai Composite SHCOMP, +2.16% closed up 2.1% ... The Nikkei NIK, +1.17% was up 1.1%, led by drug maker Eisai 4523, +8.01% , while beverages firm Yakult Honsha 2267, +2.52% and diaper maker Uni... ( read original story ...)

Shanghai to Further Ease Foreign Auto Investment

Shanghai will accelerate efforts to cancel restrictions on foreign investment in the auto manufacturing sector, a government official said on Wednesday, a day after Tesla said it would build a wholly ... ( read original story ...)