Friday, April 4, 2014
The chairman of the Financial Supervisory Commission said yesterday that the ongoing student protest against a trade in-services pact with China has affected the local bourse's performance.
Due to the high tariffs imposed on Taiwanese exports, Taiwan's foreign market access ranking sank to next to last among 138 countries in the 2014 Global Enabling Trade Report, Minister of Economic Affairs Duh Tyzz-jiun (杜紫軍) said.
The United States should declare its support for Taiwan's bilateral and multilateral economic ambitions during upcoming talks in Washington, the chief of the U.S.-Taiwan Business Council has said, adding that the move would "lend invaluable support" to peace and stability across the Taiwan Strait.1 Comment
The Taiwan Depository & Clearing Corporation (TDCC) yesterday held a press event with Euroclear, and Citibank Taiwan, announcing an international service to allow foreign investor to directly acquire Taiwan's fledgling Formosa Bonds.
The U.S. dollar rose against the Taiwan dollar Thursday, gaining NT$0.005 to close at NT$30.380 after the central bank continued its efforts to prop up the greenback in a bid to slow down the pace of the local currency's appreciation, dealers said.
Shares in Taiwan closed lower Thursday to push down the index below 8,900 points as investors locked in gains they had built up in recent sessions, dealers said.
Thursday, April 3, 2014
Acer Inc.'s board of directors approved yesterday the resignation of Chief Financial Officer Eva Ho (何一華), the second high ranking Acer executive to decide to leave the struggling PC maker in the past week.
China Airlines (CAL, 中華航空), Taiwan's leading international carrier, said Wednesday that it will team up with three Chinese carriers to expand the number of cross-Taiwan Strait flights to cater to the rising number of passengers amid warming ties between Taiwan and China.
E Ink Holdings Inc.'s (元太科技) Korean subsidiary Hydis Technology has recently signed a patent licensing agreement with China's largest flat panel supplier BOE Technology Group Co. (京東方).