Friday, March 7, 2014
Shares in Taiwan closed above 8,700 points Thursday, the highest point in more than two years, as the bellwether electronics sector continued its momentum from the previous session, dealers said.
The U.S. dollar fell against the Taiwan dollar Thursday, shedding NT$0.029 to close at NT$30.323 as traders moved their funds into regional currencies, including the local unit, after the United States reported disappointing economic data overnight, dealers said.
Israel's representative office in Taiwan held a seminar Thursday on investment opportunities in Israel that was attended by representatives from Taiwanese and Israeli companies, in an effort to boost economic ties between the two countries.
A Federal Reserve survey shows severe weather held back economic growth in much of the U.S. from January through early February. Even so, conditions strengthened in most regions, thanks to slight gains in areas such as employment and commercial real estate.
So far, 2014 is looking like the year of the big deal. Flush with cash and high stock prices, companies are buying up the competition at levels not seen since the dotcom bubble. And with Washington providing more clarity on government spending plans, CEOs are more confident their expansion hopes will pan out — especially if the economy keeps growing.
Apple shifted billions in untaxed profits from its Australian operations to Ireland over the past decade, a report said Thursday, as the government vowed to stop global companies from dodging their fair share of tax.
Japan's biggest brokerage Nomura Holdings has chosen a woman to head its banking arm, in what is believed to be a first for the country's male-dominated financial sector.
The International Forum of Sovereign Wealth Funds (IFSWF) announced on Wednesday that it is switching its headquarters from Washington to London.
Big Bitcoin backers the Winklevoss brothers said Wednesday they had used the virtual currency to buy tickets into space on Richard Branson's Virgin Galactic aircraft.