The People’s Bank of China said the country does not benefit any more from increases in its foreign- currency holdings, adding to signs policy makers will rein in dollar purchases that limit the yuan’s appreciation.
Lenovo Group Ltd., seen as a suitor for everything from BlackBerry Ltd. to International Business Machines Corp.’s server business, said it’s hesitant to make deals because it wants to avoid overpaying.
Hong Kong billionaire Jimmy Lai’s sale of his Taiwan newspaper and magazine collapsed amid protests that the NT$16 billion ($536 million) deal would silence a critical voice on China and give the buyers too much control of the island’s media.
Apple Inc. placed order at Taiwan Semiconductor Manufacturing Co. to make the so-called A6 processor chips, the Apple Daily reported today, without citing where it got the information. The Taiwanese chipmaker will start shipment at the end of the first quarter, according to the report.