Friday, March 27, 2015
Shares in Taiwan closed down Thursday as investors took hints from a plunge on Wall Street overnight caused by the latest disappointing economic data from the United States, dealers said.
The U.S. dollar rose against the New Taiwan dollar Thursday, gaining NT$0.004 to close at NT$31.405 as local central bank intervention cushioned the impact on the greenback resulting from the latest disappointing economic data in the United States, dealers said.
Taiwan's Hon Hai Precision Industry Co. (鴻海) signed a strategic partnership agreement Thursday with SK C&C Co., a leading South Korean information technology (IT) services provider, to form a joint venture for the Chinese market.
Taiwan and China will begin a new round of negotiations over a trade-in-goods pact with China on March 31 in Beijing, focusing on market opening and tax concessions, a Ministry of Economic Affairs official said.
Taiwanese investors are facing increasing challenges in China as they continue to lose their competitive edge in a lowering market, a Chinese-language magazine reported.
Tigerair Taiwan, a joint venture between Taiwa's China Airlines and Singapore's Tiger Airways, said Thursday that it will launch flights between Taiwan Taoyuan International Airport and Tokyo's Narita Airport April 2 to capitalize on increasing travel interest between the two countries.
Wall Street's deal-making renaissance shows no sign of ending.
The EU unveiled an ambitious plan to overhaul Europe's fragmented digital landscape on Wednesday that would allow Europeans traveling in other bloc countries to get their Netflix film fix or watch BBC iPlayer even when abroad.
Toyota on Thursday announced plans to overhaul production to slash development costs, with a top executive describing the shakeup as crucial to navigating “sudden and drastic changes” in the auto sector.
The leader of the United Auto Workers (UAW) union has rejected a new level of lower wages for members who make auto parts ahead of contract talks with automakers that start in the summer.