Tuesday, September 30, 2014
China will begin direct trading between its yuan currency and the euro starting on Tuesday, the national foreign exchange market's operator said, as Beijing seeks to broaden the unit's global usage.
Shares of AU Optronics Corp. (AUO, 友達), one of Taiwan's leading flat panel makers, moved higher Monday in the wake of a research report that forecast a continued increase in the company's 5-inch smartphone screen shipments in the third quarter, dealers said.
Taiwan Cement Corp. (台灣水泥), one of Taiwan's leading cement suppliers, said Monday that it has raised cement prices in Guangdong province because of rising demand in China's market.
UBS Securities has revised downward its business outlook for Taiwan's Compal Electronics Inc. (仁寶電腦), the world's No. 2 contract laptop PC maker, citing reallocation of orders from the company's major clients.
Semiconductor foundry bellwether TSMC (台積電) yesterday announced a comprehensive ultra-low power consumption technology platform designed to cater to the varied applications of the emerging Internet of Things (IoT) and wearable devices markets.
Evergreen Marine (長榮海運) and Yang Ming Marine Transport (陽明海運) posted a profitable second quarter, recovering from their losses in the same period of last year.
The net sell of local shares by foreign investors last week expanded nearly 1.3 times to NT$36.13 billion last week, according to the Taiwan Stock Exchange (台灣證券交易所).
Wowprime Corp. (王品集團), a Taiwan-based restaurant chain, said Monday that it will set up a joint venture with the Panda Restaurant Group (PRG, 熊貓快餐集團) of the United States in an effort to tap into the U.S. market.
Shares in Taiwan closed lower Monday amid weak sentiment after heavy losses last week, as investors shrugged off the latest gains posted on Wall Street on the back of an upward revision of the U.S. economic growth in the second quarter, dealers said.
The European Union is to accuse U.S. tech giant Apple of taking illegal aid from the Irish state through sweetheart tax deals over two decades, the Financial Times reported Monday.