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Saturday, July 19, 2014
Fund managers of several financial institutions in charge of the nation's labor retirement and pension funds are suspected of manipulating stock prices for private gain, while contributing to more than NT$60 million in loss to the funds.
Taiwan -- Evergreen Marine expected to swing to profit in Q3
A ranking officer in the Evergreen Group (長榮集團) on Friday revealed that Evergreen Marine will return to profit on the back of a stable market recovery and the rate hike for U.S. and EU lines.
Shares in Taiwan on Friday ended down 7.27 points, or 0.07 percent, at 9,400.97, while the U.S. dollar gained NT$0.005 to close at NT$30.051 in Taipei.
Friday, July 18, 2014
CTBC Financial Holding Co.'s (中信金控) banking arm CTBC Bank (中信銀) yesterday celebrated the company's 40th year anniversary as an issuer of credit cards.
Gearing up for its expansion into the Tainan market at year-end, Hotel Royal Nikko (老爺酒店) on Thursday inked an agreement with local authorities and polytechnic universities to build its talent pool.
Hon Hai Precision Industry Co. (鴻海精密) Chairman Terry Gou (郭台銘) yesterday won a bidding match to purchase Taiwan's top-notch Lishan Tea at a cost of NT$1 million per kilogram, and part of it will be sent to TSMC Chairman Morris Chang (張忠謀) as a gift.
A joint venture by Hon Hai Precision Industry Co. (鴻海精密) and Tai Tung Communication Co. (台通光電), is expected to roll out high-speed fiber optic Internet service later this year, capable of running VoIP communication technology.
Morgan Stanley expressed concern Thursday about the share movement of Taiwan Semiconductor Manufacturing Co. (TSMC,台積電) on expectations that the world's largest contract chip maker will lag behind its major rival in the advanced 16 nanometer (nm) process.
Taiwan -- APEC SMEFI 2014 discusses challenges of financing SMEs
The 11th Annual Meeting & Conference of APEC Financial Institutions Dealing with SMEs (APEC SMEFI) started in Taipei on Thursday, discussing ways to strengthen the growth of small and medium-sized enterprises (SMEs) through lending and financing approaches.
Shares in Taiwan extended losses Thursday from a session earlier, as heavy selling in Taiwan Semiconductor Manufacturing Co. (TSMC,台積電) led the broader market to trend lower, dealers said.
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