Thursday, March 5, 2015
Ukraine's central bank moved to shore up the country's battered currency Tuesday by hiking interest rates to 30 percent as the government pushed through draconian reforms needed to clinch another IMF bailout.
Taiwan's state-funded Industrial Technology Research Institute (ITRI, 工研院) announced Wednesday that it is spinning off its Gemini cloud OS research team into a company that will use all-encompassing virtualization and integrated cloud technology.
Industrial production rose 8.14 percent in January year-on-year, continuing a 12-month growth streak, the Ministry of Economic Affairs (MOEA) said yesterday.
The U.S. dollar fell against the Taiwan dollar Wednesday, shedding NT$0.028 to close at NT$31.480 as foreign fund inflows boosting demand for the local currency, dealers said.
Shares in Taiwan moved higher Wednesday as Hon Hai Precision Industry Co., (鴻海) staged a technical rebound, helping the broader market recoup earlier losses to finish above the previous close, dealers said.
Demand for mobile development talent grew 48 percent year-on-year in 2014, powered by a surge in the popularity of apps and mobile devices, the 104 Job Bank (104人力銀行) reported yesterday.
Shares of TPK Holding Co. (宸鴻) moved higher Wednesday morning after the touch panel supplier proposed a cash dividend for 2014 that represented a dividend payout ratio of higher than 50 percent, dealers said.
Taiwan can expect a fast growing, low-cost carrier (LCC) sector, although it currently remains a minor player in the country's aviation market, a Boeing executive said Wednesday.
Seven local insurers were fined for negligence in their reviews before agreeing to insure a man who was allegedly murdered last September.
In an effort to strengthen its roots in the Taiwanese market, Ford has released six different models from its Kuga van line. According to the company, the Ford Kugas have also been designed to be eco friendly and energy efficient.