Wednesday, March 25, 2015
Taiwan-based Hon Hai Precision Industry Co. (鴻海) wants to participate in the management of Sharp Corp. (夏普) if it is to invest in the struggling Japanese electronics maker, Hon Hai Chairman Terry Gou (郭台銘) said in a report in Toyo Keizai.
Taiwan is expected to be the third biggest winner in global trade this year, according to recent surveys by Bloomberg News covering 75 countries and territories.
Britain's annual inflation rate slowed sharply to zero in February for the first time, pulled down by falling prices for recreational goods, food, furniture and oil, official data showed Tuesday.
Publicly traded companies in Taiwan could soon be required to pass on part of their surplus to employees, but firms remain free to choose how much to share, the Ministry of Economic Affairs (MOEA, 經濟部) stressed yesterday.
Shares in Taiwan closed lower Tuesday, with downward pressure focusing on large-cap stocks, as investors here followed the lead of a lackluster Wall Street overnight, dealers said.
Thanks to strong external demand for electronics and rising tourism services, Taiwan's gross domestic product (GDP) is expected to grow 3.7 percent in 2015 and 3.6 percent in 2016, the Asian Development Bank (ADB) forecast in an economic report released Tuesday.
Shares of Yulon Nissan Motor Co. Ltd. (裕隆) moved higher Tuesday morning as investors anticipated a high dividend payout based on the company's dividend policy a year earlier, dealers said.
Cathay United Bank (國泰世華銀行) has adopted the Equator Principles, becoming the first Taiwanese bank to adopt the global risk management framework.
The U.S. dollar fell against the New Taiwan dollar Tuesday, shedding NT$0.120 to close at NT$31.383 as foreign investors continued to move funds into Taiwan, raising demand for the local currency throughout the session, dealers said.
The takeover of tire maker Pirelli by a Chinese firm sparked feelings of bitterness and resignation in Italy on Monday, as the cash-strapped country prepared to relinquish an iconic part of its industrial heritage.