Thursday, April 17, 2014
Bank of America reported Wednesday a quarterly loss of US$276 million due to US$6 billion in legal expenses that included a huge settlement with the U.S. on mortgage-backed securities.
Taiwan calculates its gross domestic product (GDP) based on international standards and cannot do it any other way, the country's top economic planner said Wednesday after a local economist argued Taiwan's GDP measure was flawed.
Taiwan's overall export competitiveness ranking dropped from No. 8 in 2013 to No. 12 in 2014, according to a report released by the Importers and Exporters Association of Taipei (IEAT) yesterday., 1 Comment
Chinese yuan-denominated deposits at Taiwan-registered banks hit a new high at the end of March, but the pace of increase showed signs of moderating, according to statistics released by Taiwan's central bank.
TUV Rheinland Taiwan has recently obtained laboratory accreditation by the Bureau of Standards, Metrology and Inspection (BSMI), and so can provide BSMI testing and certification services for global mobile power packs, battery chargers and more.
Statistics released yesterday by the Construction and Planning Agency (CPAMI) showed Taipei City's home price to income ratio (PIR) stood atop the globe at 15.01 in late 2013, branding itself as the most unaffordable city to buy property.
The U.S. dollar fell against the Taiwan dollar Wednesday, shedding NT$0.034 to close at NT$30.201 as foreign institutional investors (FINIs) kept buying into local shares to boost demand for the local currency, dealers said.
Shares in Taiwan closed slightly higher Wednesday after a choppy session in which a tug-of-war between selling and buying dominated trading, dealers said.
Wednesday, April 16, 2014
China's state-owned film distributor is making its first investment in Hollywood movies by taking a stake in two Legendary Entertainment productions.
In an effort to expand Taiwan's international bonds market, the Taiwan Depository & Clearing Co. (TDCC, 集保中心) held an account opening signing ceremony yesterday with Clearstream, an international clearing Europe-based counterpart.