Sunday, May 17, 2015
Chinese yuan-dominated deposits held by banks operating in Taiwan hit a new high as of the end of April, according to the Central Bank of the Republic of China.
Hon Hai Precision Industry Co. (鴻海), the world's largest contract electronics maker, got a boost to its earnings from an improvement in its product portfolio, which brought better-than-expected results for the first quarter of this year, market analysts said Saturday.
Taiwan is likely to post negative growth in export orders for April, mainly due to a slowdown in the global handheld device market, the Ministry of Economic Affairs (MOEA) said Saturday.
Integrated circuit design companies in Taiwan have increased wages in a bid to to prevent brain drain, as competitors in China have been recruiting Taiwanese talent, market analysts said Saturday.
Taiwan Ratings (中華信評), a local partner of Standard & Poor's Ratings, has affirmed the credit ratings of CTBC Financial Holding Co. (中信金), which recently decided to acquire a life insurance company.
The U.S. Department of Commerce (DOC) has found that Taiwan's steel nail exporters have not been violating U.S. anti-subsidy rules, the Ministry of Economic Affairs (MOEA) said Saturday.
Saturday, May 16, 2015
Shares in Taiwan closed lower Friday, failing to sustain early gains amid worries over further volatility down the road, dealers said.
The Financial Supervisory Commission (FSC, 金管會) said Friday that it will further relax day trading rules on June 1 to include more stocks in Taiwan's day trading framework.
The U.S. dollar fell against the New Taiwan dollar Friday, shedding NT$0.069 to close at NT$30.612 after a fall in the U.S. producer price index for April prompted traders in Taiwan to dump the greenback throughout the session, dealers said.
Friday, May 15, 2015
Shares in Taiwan took a beating Thursday as the financial sector came under heavy pressure amid fears that a drop in property prices would hurt the bottom lines of banks that have made big loans to home buyers, dealers said.