Tuesday, March 31, 2015
Japanese factory output fell by a worse-than-expected 3.4 percent in February, data showed Monday, adding to the gloom enveloping the world's third largest economy as it struggles to overcome last year's sales tax rise.
U.S. consumers spent just slightly more in February even though their income rose by a healthy amount. But economists hope bigger paychecks will give spending a bigger boost in the coming months.
Well-known Japanese store, DAISO Japan (大創), was raided by investigators yesterday for failing to report its mislabeled Japanese food products back to the government, according to the Taipei District Prosecutors Office.
The recent reports that Apple Inc. is facing major issues with the production of its smartwatch may affect the share price of Taiwanese contract electronics maker Quanta Computer Inc. (廣達), according to a European brokerage.
Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電), the world's largest contract chip-maker, last week suffered the largest foreign institutional net sell among the stocks listed on the main board, the Taiwan Stock Exchange (TWSE, 證交所) said Monday.
Taiwan's manufacturing turnover rose by an annual 3.5 percent in 2014 to the highest annual level ever, but investment in fixed assets dropped 0.8 percent, according to statistics published on Monday by the Ministry of Economic Affairs (MOEA).
Opposition lawmakers yesterday said President Ma Ying-jeou made a unilateral decision to promote Taiwan's entry to the Beijing-led Asian Infrastructure Investment Bank (AIIB).
Shares in Taiwan staged a mild technical rebound Monday after Wall Street stopped a four-session losing streak at the end of last week, dealers said.
The U.S. dollar rose against the New Taiwan dollar Monday, gaining NT$0.005 to close at NT$31.380 as the local central bank's buying helped the greenback recover from its losses earlier in the session, dealers said.
The Taiwan branch of Microsoft Corp. opened a cloud solution laboratory Monday designed to help enterprises set up and run Internet of Things (IoT)-style systems with its integrated Azure cloud services.