Saturday, August 29, 2015
Mainland China's economy may be slowing but it is "not falling off a cliff," the chief executive of Southeast Asia's biggest bank said Friday.
Hon Hai Precision Industry Co. (鴻海) and Siliconware Precision Industries Co. (SPIL, 矽品) yesterday announced a strategic alliance via share swap in a bid to reject Advanced Semiconductor Engineering Inc.'s (ASE, 日月光) hostile takeover of SPIL.
Shares in Taiwan rose for the fourth consecutive session Friday as investors took cues from a strong rebound on Wall Street overnight, dealers said.
The U.S. dollar rose against the New Taiwan dollar Friday, gaining NT$0.002 to close at NT$32.772 as the greenback recouped its early losses to return to positive territory on the back of further intervention by Taiwan's central bank, dealers said.
Taipei's subway system will begin accepting iPass smartcards in September, but EasyCard holders will have to wait until next year to enjoy cashless travel on Kaohsiung's metro system.
Taiwan's slumping exports continued to drag down the country's manufacturing sector in July, with the sector flashing another "blue" light during the month, the Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) said Friday.
The output of Taiwan's manufacturing sector will see contract this year as the global economy slows down, according to a forecast by the Industrial Economic and Knowledge Center (IEK) at the Industrial Technology Research Institute (ITRI, 工業技術研究院).
The 41st Taipei International Electronics Show, TAITRONICS, jointly organized by the Taiwan External Trade Development Council (TAITRA) and the Taiwan Electrical and Electronic Manufacturers' Association (TEEMA), will kick off on Oct. 6 at Taipei Nangang Exhibition Hall 1.
Just as they thought they could begin moving away from crisis mode, China's turmoil has become a new threat to the world's top central bankers.
A new report estimates Apple shipped 3.6 million watches in the last quarter -- more than some analysts have estimated and enough to change the competitive landscape for fitness bands and other wearable gadgets.