A subsidiary controlled by Terry Gou , founder and chairman of the world’s largest contract assembler of consumer electronics Hon Hai Precision Industry Co., Ltd. , held a ground-breaking ceremony for a new Gen 10.5 8K display plant in the Chinese city of Guangzhou on Wednesday. The 61 billion yuan industrial area construction is the largest industrial investment Guangzhou has seen, expected to produce 90,000 display screens per month when fully operational, bringing in an annual productional value of 92 billion yuan , according to Chinese media.
Category: Markit, China
European Stocks Advance to One-Week High After U.S. Jobs Report
European stocks advanced on Friday to close at their highest level this week after data showed U.S. employers added the most workers in four months. Building on an earlier report that signaled a stronger euro-area economy, the Stoxx Europe 600 Index rose 0.6 percent to 364.07 in a broad-based rally.
Analyst: Global advertising revenue to hit $532bn
Big brand budgets and quadrennial events such as the Olympics, European Football Championship and US Presidential Election will drive 2016’s global advertising revenue growth to $532 billion according to findings from critical information, analytics and solutions source IHS Markit’s annual Global Advertising Trends report. “The advertising industry is about to turn the corner thanks to the global economy getting back on track,” said Eleni Marouli, principal analyst, IHS Technology, and report author.
Watchmaker Swatch goes into car batteries as investors question strategy
ZURICH, Dec 22 Three years ago, Swatch Group was riding high. The world’s largest watchmaker, known for its colourful plastic watches as well as upscale brands including Breguet, reported record gross sales.