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Friday, December 19, 2014
Sony nixes film as N. Korea eyed for hack
Sony Pictures on Wednesday cancelled the release of a madcap comedy about North Korea that triggered chilling threats from hackers, as U.S. investigators reportedly blamed Pyongyang for a damaging cyber-raid on the movie giant.
Cathay Life Insurance Co. (國泰人壽), the flagship company of Taiwan-based Cathay Financial Holding Co. (國泰金), has agreed to acquire a 20-percent stake in Rizal Commercial Banking Corp. (RCBC) of the Philippines.
 > Taiwan
The Central Bank of the Republic of China said Thursday that it has decided not to change its key interest rates, after concluding its quarterly policymaking meeting.
 > Taiwan
Third-party payment providers will have to fork out NT$10 billion in funds if they want to establish themselves as electronic banks, said Financial Supervisory Commission (FSC) Chairman Tseng Ming-chung (曾銘宗) yesterday.
Shares in Taiwan staged a rebound Thursday as investors, encouraged by gains on Wall Street overnight, bought into the local bellwether electronics sector, dealers said.
 > Taiwan
Shares of Motech Industries Inc. (茂迪) extended momentum Thursday morning after the U.S. government cut an anti-dumping tariff in a final ruling against Taiwanese solar product exporters, dealers said.
The bellwether electronics sector staged a technical rebound Thursday morning as investors were encouraged by the gains posted by high-tech stocks in the U.S. market overnight, dealers said.
 > Taiwan
The U.S. dollar rose against the Taiwan dollar Thursday, gaining NT$0.093 to close at the day's high of NT$31.450 on hopes that the U.S. Federal Reserve will stay on track to kick off an interest rate hike cycle in mid-2015, dealers said.
 > Taiwan
BlackBerry's Classic a last-ditch effort
BlackBerry is returning to its roots with a new phone that features a traditional keyboard at a time when rival Apple and Android phones — and most smartphone customers — have embraced touch screens.
FedEx misses Street forecasts, profit jumps 23%
FedEx's second-quarter earnings soared 23 percent, but the package delivery company missed Wall Street forecasts due partially to a lower-than-expected benefit from falling fuel prices.
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