Friday, October 17, 2014
China's overseas investments almost doubled year-on-year to US$9.79 billion in September, the government said Thursday, again exceeding incoming funds even though they recovered from multi-year lows.
Taiwan's HTC Corp. (宏達電) unveiled the Nexus 9 tablet computer in the United States Wednesday, the first tablet running on Google Inc.'s latest Android 5.0 operating system, codenamed Lollipop.
The number of people seeking U.S. unemployment aid dropped to the lowest level in 14 years last week, the latest signal that companies are cutting fewer workers and hiring could remain healthy.
Following in the steps of local peers, Shinkong Life Insurance (新光人壽) is poised to increase its investments in commercial real estate markets in major cities across Vietnam, Myanmar, mainland China and elsewhere.
As more Asian insurers increase capital deployment to the global real estate market in the next five years, Taiwanese and mainland Chinese insurance giants are expected to be more active given the dull market at home.
Shares in Taiwan recovered most of their earlier losses Thursday as bargain hunters turned active by buying into select high-tech stocks after a recent sell-off, dealers said.
The U.S. dollar fell against the New Taiwan dollar Thursday, shedding NT$0.010 to close at NT$30.410 as Washington's disappointing economic data prompted traders here to cut their greenback holdings, dealers said.
Advanced Semiconductor Engineering Inc. (ASE, 日月光半導體) has decided to issue overseas convertible bonds worth up to US$400 million, a move market analysts say is aimed at developing high-end technology to maintain its global lead.
The turbulence that's roiling financial markets is punishing stock investors, raising worries for major U.S. companies and will likely produce even punier returns for savers.