Saturday, July 26, 2014
Anticipating growing exports and local demand, the Taiwan Institute of Economic Research (TIER) yesterday raised Taiwan's 2014 GDP growth forecast to 3.28 percent, up 0.05 percentage points from its prediction made in April.
Shares in Taiwan pulled back Friday as investors locked in their earlier gains in the bellwether electronics sector, creating heavy downward pressure on high-tech heavyweights, including Largan Precision Co. (大立光電), dealers said.
The U.S. dollar fell against the New Taiwan dollar Friday, shedding NT$0.017 to close at NT$30.035. Turnover totaled US$707 million during the trading session.
Friday, July 25, 2014
Shares in Taiwan closed 0.29 percent higher at 9,527.54 as the financial sector attracted rotational buying while the U.S. dollar gained NT$0.017 to close at the day's high of NT$30.052.
Thursday, July 24, 2014
While the labor unions of state-owned banks consider staging a strike, the Financial Supervisory Commission (FSC) warn that state-owned banks are obliged to provide non-stop financial services according to regulations.
Most department stores in Taiwan decided to open their doors a few hours later than normal on Wednesday as many parts of the island were still feeling the effects of Typhoon Matmo.
The strong growth in Taiwan's vehicle sales and production has recently prompted a research firm to upgrade its full-year growth forecast to 8.5 percent, from the previous minus 1.8 percent.2 Comments
Bank of America Merrill Lynch kept its “buy” rating on shares of Taiwan Semiconductor Manufacturing Co. (TSMC,台積電), the world's largest contract chip-maker, despite fears the Taiwanese company may lose market share next year.
Taiwan's Acer Inc. (宏碁股份) replaced local rival Asustek Computer Inc. (華碩電腦) as the fourth-largest personal computer vendor in the Asia-Pacific region in the second quarter of 2014, according to research firm IDC.
Wednesday, July 23, 2014