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Taipei, Feb. 1 (CNA) Shares in Taiwan staged a technical rebound on Wednesday from a slump in the previous session as buying was triggered by gains on the U.S. markets overnight, dealers said.
The Zurich-based engineering conglomerate has agreed to sell its Power Conversion division to AcBel Polytech Inc. for $505 million (CHF463 million).
By Denny Jacob International stocks trading in New York closed higher on Friday. The S&P/BNY Mellon index of American depositary receipts rose 1% to 154.86. The Asian index climbed 1.7% to 185.63, while the emerging-markets index also gain...
ABB Ltd. (ABB) said Friday it will sell its power conversion division to Taiwan's AcBel Polytech for $505M, as it wraps up a divestment program the company announced at the end of 2020.
(RTTNews) - Swiss engineering company ABB Ltd.(ANN.L, ABB) said that it agreed to sell its Power Conversion division to AcBel Polytech Inc. for $5...