Thursday, February 4, 2016
Taiwan's Investment Commission on Wednesday gave Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) approval to build its first 12-inch wafer fab in mainland China.
Taiwan's financial regulator said that it would roll out measures to maintain market stability and draft a white paper for President-elect Tsai Ing-wen by May 20.
Shares in Taiwan closed lower Wednesday as investors grew more concerned over possible further volatility in global markets, particularly after Wall Street took a beating and international oil prices plunged overnight, dealers said.
The Executive Yuan said Wednesday that it cannot guarantee whether a mass rapid transit (MRT) line between Taipei and the country's main airport will be inaugurated before May 20, when President-elect Tsai Ing-wen (蔡英文) is set to assume office.
Taiwan was ranked fifth in the 2015 BlackRock Sovereign Risk Index (BSRI), up one notch from a year earlier, according to a report released Tuesday by investment risk analysis firm BlackRock Investment Institute.
The Chinese Professional Baseball League (CPBL) invited China Airlines (CAL), Taiwan's largest air carrier, to form a fifth professional baseball team in Taiwan.
Taiwan Stock Exchange (TWSE, 台灣證券交易所) successfully held the first seminar on the "2016 Corporate Governance Forum -- Insider Trading and Corporate Social Responsibility" for directors and supervisors at Taipei International Convention Center, according to a press release from the TWSE.
The Mexican central bank reported Tuesday that money sent home by Mexicans overseas hit nearly US$24.8 billion last year, overtaking oil revenues for the first time as a source of foreign income.
Dow Chemical on Tuesday reported a surge in its fourth-quarter profit on gains from the sale of its chlorine operations and lower costs from sinking oil prices. Its shares rose more than 5 percent in afternoon trading.
The Tehran Stock Exchange has rallied to a one-year high after Iran's landmark nuclear deal with world powers went into effect last month, a spokesman for the exchange said Tuesday.