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Saturday, July 26, 2014
The U.S. dollar fell against the New Taiwan dollar Friday, shedding NT$0.017 to close at NT$30.035. Turnover totaled US$707 million during the trading session.
Taiwan -- Cathay United Bank first to open in Shanghai trade zone
Cathay United Bank (國泰世華銀行) on Friday inaugurated a sub-branch in the China (Shanghai) Pilot Free Trade Zone (FTZ), the first Taiwanese bank to establish a presence in the FTZ.
Friday, July 25, 2014
Taiwan -- FPG to seek a replacement head for Vietnam steel plant
Formosa Plastics Group (FPG, 台塑) executive Wilfred Wang (王文潮) yesterday stated that the company is seeking an experienced expert and industry veteran to lead the company's Vietnam-based steelworks operation.
Shares of TransAsia Airways (復興航空), a mid-sized Taiwanese international carrier, came under pressure Thursday morning after one of its turboprop planes crashed on the outlying island county of Penghu a day earlier, killing 48 and leaving 10 injured, dealers said.
Shares in Taiwan closed 0.29 percent higher at 9,527.54 as the financial sector attracted rotational buying while the U.S. dollar gained NT$0.017 to close at the day's high of NT$30.052.
Thursday, July 24, 2014
Operations of Taiwanese tire makers will not be adversely impacted by the U.S. duties probe into tires imported from China since those companies can diffuse risk by allocating orders to factories elsewhere, local media said.
While the labor unions of state-owned banks consider staging a strike, the Financial Supervisory Commission (FSC) warn that state-owned banks are obliged to provide non-stop financial services according to regulations.
The Chinese-made smartphone Redmi Note (紅米Note) was recently revealed by a Hong Kong cellphone forum to automatically connect to a mainland Chinese server unbeknownst to users, prompting various concerns regarding personal information being leaked to the communist government.
Brokerage CLSA Ltd. has raised its price target for shares of industrial computer supplier Advantech Co. (研華科技) to NT$270 (US$9.02) from NT$210 after the company forged a robotics alliance with machine tool manufacturer Hiwin Technologies Corp. (上銀科技).
Local business revenues totaled NT$1.2337 trillion in June, representing a 4.1-percent growth, and marked the 10th consecutive month of growth, according to a report released by the Ministry of Economic Affairs (MOEA) yesterday.
  
  
  
  
  
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