Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC) is sticking with plans for aggressive capital investments in 2020, a sign from the technology bellwether of resilient demand despite a pandemic-induced downturn. TSMC, a barometer for the tech industry thanks to its heft in the global supply chain, on Thursday lowered its revenue outlook for the year by a few percentage points to ...

Bloomberg The coronavirus outbreak is set to wipe out more than $10 billion from Indonesia’s tourism revenue this year as leisure travel comes to a near complete halt, the government said. The country is preparing stimulus packages for the industry and a safety net for workers to blunt the impact, President Joko Widodo said at a cabinet meeting. He predicted ...

Bloomberg Australia’s Airwallex Cayman Ltd raised $160 million from new investors including Australia & New Zealand Banking Group Ltd and the venture-capital arm of Salesforce.com to accelerate its expansion in global payments. The fresh round from ANZ’s venture unit and Salesforce Ventures gives Airwallex a valuation of $1.8 billion, co-founder Lucy Liu said. Other participants included existing backers DST Global, ...