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Thursday, May 21, 2015
Shares of Nanya Technology Corp. (南亞科), one of Taiwan's major dynamic random access memory (DRAM) chip makers, moved sharply higher Wednesday morning on hopes that strong demand for mobile DRAMs from China will boost the company's bottom line, dealers said.
 > Taiwan
The U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.042 to close at NT$30.682 on moderate turnover as many traders here stayed on the sidelines awaiting the release of the minutes of the U.S. Federal Reserve's last policymaking meeting, dealers said.
 > Taiwan
Fubon Securities (富邦證券), the securities unit of Taiwan-based Fubon Financial Holding Co. (富邦金), has secured approval from the Financial Supervisory Commission (FSC, 金管會) to buy a stake in China's Huishang Futures.
 > Taiwan
Hon Hai Precision Industry Co. (鴻海), the world's largest contract electronics maker, is expected to secure 60 percent-70 percent of the orders placed by Apple Inc. to assemble the next generation of the iPhone, an analyst said Wednesday.
 > Taiwan
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Japanese auto parts giant Takata agreed to double a recall of U.S. cars with potentially deadly airbags to a record of nearly 34 million vehicles, officials said, sending the firm's shares plunging in Tokyo on Wednesday.
U.S. regulators on Wednesday fined Swiss bank UBS US$342 million for manipulation of foreign exchange markets, as other global lenders prepared for even larger penalties.
The U.S. panel created to prevent a repeat of the 2008 financial crisis said Tuesday that banks and other financial institutions are stronger now but regulators must remain alert to new risks including the danger posed from cyberattack.
The city of Los Angeles voted Tuesday to increase minimum wage from US$9 to US$15 an hour in a move that is expected to boost quality of life for hundreds of thousands of its residents.
The city of Los Angeles voted Tuesday to increase minimum wage from US$9 to US$15 an hour in a move that is expected to boost quality of life for hundreds of thousands of its residents.
Imprisoned Wall Street swindler Bernard Madoff's former controller won't have to go to prison after a prosecutor praised her Tuesday for helping them successfully convict others in his multibillion-dollar fraud.
  
  
  
  
  
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