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May, 5, 2016

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Business
German sportswear and equipment maker Puma said Friday business increased in the first quarter and that it is expecting a boost from major sporting events such as Euro 2016 and the Brazil Olympics.
 
Yahoo reshuffles board in truce with shareholder
Yahoo has reached a truce with an activist investor threatening to oust CEO Marissa Mayer and the rest of its board, removing a major distraction as the company evaluates bids to buy its internet operations.
 
CTBC pledges NT$113 million to aid the disadvantaged
The CTBC Charity Foundation (中信慈善基金會) Thursday showed its commitment to looking after disadvantaged children by pledging NT$113 million plus in financial support to elementary schools in rural Taiwan.
 
The U.S. Federal Reserve is keeping a key interest rate unchanged against the backdrop of a global economic slump and providing no hint of when its next rate hike may occur. A statement the Fed issued after its latest policy meeting notes that the United States is enjoying solid job gains despite a slowdown in growth. The Fed says it also expects inflation to move toward its 2 percent target from persistently low levels.
 
Facebook isn't a shopping mall, but its bots aim to change that
It's now possible -- though neither easy nor particularly convenient -- to buy stuff on Facebook via automated messaging "bots." But it's far from clear that people really want to go shopping on the social network.
 
Facebook on Wednesday fielded a plan to tighten Mark Zuckerberg's grip on the helm as the booming social network reported stellar profit.
 
The U.S. economy inched forward at the weakest pace in two years from January through March, as consumer spending growth slowed, business investment plunged and exports declined further.
 
The Supreme Administrative Court has ruled in favor of the Hualien government in a lawsuit against a Taipei Power Company (Taipower) coal-fired electricity plant that had been fined more than NT$440 million for pollution.
 
With the incoming Democratic Progressive Party (DPP) government in support of liberalizing the power market to address the nation's power crisis, Taipower (台電) Chairman Huang Jung-chiou (黃重球) stated on Thursday that the government should have a "scapegoat" to take responsibility if it fails in these efforts.
 > Taiwan
 
The U.S. dollar fell against the New Taiwan dollar Thursday, shedding NT$0.066 to close at NT$32.279 as the local currency recouped its earlier losses on the back of the strength of other regional units, in particular the Japanese yen, after the Bank of Japan (BOJ) refrained from further easing its monetary policy, dealers said.
 > Taiwan
 
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