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Saturday, December 20, 2014
European Union leaders agreed Thursday to create a strategic investment fund that could generate up to 315 billion euros (US$386 billion) in private- and public-sector money to upgrade infrastructure, jumpstart the EU's sluggish economies and ignite job growth.
The World Trade Organization (WTO) strengthened its support Thursday for China in a final ruling in a dispute over punitive duties imposed by the United States on a range of Chinese products.
 > China
Steve Wozniak says he is no fan of smartwatches and believes Google Glass will fail as he cautioned not to expect the company he co-founded, Apple, to always lead the way into new technologies.
Seven third-party payment developers yesterday said they choose the Financial Supervisory Commission (FSC, 金管會) in the escalating battle over who writes a series of supplementary bills regulating third-party payment platforms.
 > Taiwan
The Ministry of the Interior (MOI) intends to spend NT$20 billion to improve Taiwan's rural areas over the next four years, in an effort to bridge development gaps between urban and remote areas.
 > Taiwan
Shares in Taiwan staged a strong rebound Friday as buying was sparked by a rally on Wall Street overnight amid eased concerns that the U.S. Federal Reserve will rush to kick off an interest rate hike cycle, dealers said.
 > Taiwan
According to an announcement from the central bank yesterday, as early as June 2015 customers will be able to make foreign currency withdrawals directly from a range of domestic banks. This new service is part of an effort to encourage Taiwanese savers to use foreign currency ATM machines and make international banking more efficient for individuals, said the central bank.
 > Taiwan
The U.S. dollar rose against the New Taiwan dollar Friday, gaining NT$0.022 to close at NT$31.472 as traders reacted to the weakness of the Japanese yen by cutting their holdings in the local currency, dealers said.
 > Taiwan
Siliconware Precision Industries Co., one of Taiwan's leading integrated circuit packaging and testing services providers, has budgeted NT$14.5 billion (US$462 million) in capital expenditure (capex) for 2015.
Stan Shih (施振榮), founder and honorary chairman of Taiwan's Acer Inc. (宏碁), said Wednesday that the PC maker is showing signs of regaining its growth momentum, thanks to its organizational restructuring.
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