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Thursday, January 29, 2015
Heritage Foundation ranks Taiwan slightly higher in economic freedom
Taiwan has risen three notches to rank 14th in the Heritage Foundation's Index of Economic Freedom for 2015, extending gains made since 2009.
 > Taiwan
The U.S. dollar rose against the Taiwan dollar Wednesday, gaining NT$0.003 to close at NT$31.328 as the local central bank stepped in to help the U.S. currency recoup its earlier losses, dealers said.
 > Taiwan
Samsung launches curved-screen Note Edge phablet
South Korea's Samsung Electronics Co. on Wednesday launched its Galaxy Note Edge in Taiwan, which has now become one of the few markets in which the smartphone is being sold.
Shares in Taiwan closed slightly lower Wednesday with select high tech stocks resilient to give support to the broader market, which cushioned a dive on Wall Street overnight, dealers said.
 > Taiwan
American Airlines Q4 profit up on cheap fuel
American Airlines is logging record profits and rewarding shareholders just one year removed from bankruptcy court and a big merger.
A pick-up in core consumer prices in Australia has reduced the likelihood of a near-term interest rate cut, even as official statistics showed Wednesday that plunging oil prices slowed inflation in the last three months of 2014.
Yahoo is spinning off its stake in Chinese Internet giant Alibaba, splitting off the valuable holdings in a move that sidesteps taxes.
Japanese videogame giant Nintendo said Wednesday its April-December net profit soared six-fold to US$504 million as a sharply weaker yen boosted its bottom line and helped offset slowing sales of its 3DS system.
Japan's Canon said Wednesday that net profit grew 10.5 percent in 2014 owing to the impact of a weak yen and cost cuts as well as strong demand for its office equipment.
A steel plant making precision tubing in Brazil's Sao Paulo state closed its doors and laid off 770 workers, who are demanding unpaid wages, union sources said Tuesday.
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