FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: Paraguayan President Urges Taiwan Firms to Expand Investment

By

-- Paraguayan President Santiago Peña has urged Taiwan's private sector to increase investment in Paraguay, saying the country offers political stability, strong economic growth, and access to wider Latin American markets, Focus Taiwan reported Thursday.

He said Paraguay, Taiwan's only diplomatic ally in South America, is outperforming regional peers, with the IMF projecting about 4.2% GDP growth in 2026 and Moody's recently upgrading its credit rating to investment grade, according to the report.

Peña also pitched deeper cooperation in AI and high-tech industries, highlighting Paraguay's hydropower capacity and Taiwan's semiconductor strength as a "perfect match" for joint development, the news outlet said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Related Articles

Asia

Alteogen's Net Income Declines 14% in Q1

Alteogen (KOSDAQ:196170) posted first-quarter net income attributable to shareholders of 71.7 billion won, down 14% from 83.2 billion won a year earlier, according to a Friday filing with the Korea Exchange.Sales of the South Korean pharmaceutical firm fell 15% year over year to 71.6 billion won from 83.7 billion won.Shares of Alteogen fell over 4% at market close.

$KOSDAQ:196170
Australia

Ziff Davis Q1 Adjusted Earnings, Revenue Fall; Shares Down Pre-Bell

Ziff Davis (ZD) reported Q1 adjusted earnings late Thursday of $0.73 per diluted share, down from $0.77 a year earlier.Analysts polled by FactSet expected $0.77.Revenue for the quarter ended March 31 was $267.6 million, down from $272.8 million a year earlier.Analysts surveyed by FactSet expected $264.3 million.The company said it has engaged advisers to evaluate strategic options, including the sale of its Connectivity business, and is deferring fiscal 2026 guidance as the process continues.Shares were over 6% lower in premarket trade Friday.Price: $40.50, Change: $-2.81, Percent Change: -6.49%

$ZD
Asia

Baidu Chip Unit Kunlunxin Seeks Additional Listing in Shanghai

Baidu's (HKG:9888) artificial-intelligence chip unit Kunlunxin (Beijing) Technology is working with China International Capital Corp. to seek an additional listing in Shanghai, Bloomberg News reported Friday, citing a regulatory filing.Kunlunxin (Beijing) Technology filed for a public listing in Hong Kong earlier this year and is now working with the investment bank to also list on Shanghai's STAR board, the report said.Baidu holds a 58% stake in Kunlunxin (Beijing) Technology, which could be valued at no less than $3 billion, the news agency reported earlier.Jefferies analysts expect Kunlunxin's Hong Kong listing to happen in the third quarter, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$HKG:9888