Thursday, April 17, 2014
Statistics released yesterday by the Construction and Planning Agency (CPAMI) showed Taipei City's home price to income ratio (PIR) stood atop the globe at 15.01 in late 2013, branding itself as the most unaffordable city to buy property.
The U.S. dollar fell against the Taiwan dollar Wednesday, shedding NT$0.034 to close at NT$30.201 as foreign institutional investors (FINIs) kept buying into local shares to boost demand for the local currency, dealers said.
Shares in Taiwan closed slightly higher Wednesday after a choppy session in which a tug-of-war between selling and buying dominated trading, dealers said.
Wednesday, April 16, 2014
China's state-owned film distributor is making its first investment in Hollywood movies by taking a stake in two Legendary Entertainment productions.
In an effort to expand Taiwan's international bonds market, the Taiwan Depository & Clearing Co. (TDCC, 集保中心) held an account opening signing ceremony yesterday with Clearstream, an international clearing Europe-based counterpart.
Shares in Taiwan closed higher Tuesday as the bellwether electronics sector staged a rebound after high-tech stocks posted gains on markets in the United States overnight, dealers said.
e anticipated launch of larger iPhone models later this year should benefit Taiwan-based Hon Hai Precision Industry Co. (鴻海精密) because many smaller iPhones in circulation will likely be replaced, according to brokerage CLSA Ltd.
The Chung-Hua Institution for Economic Research (CIER) has raised its forecast for Taiwan's GDP growth in 2014 because of signs that the global economy is improving.
The U.S. dollar rose against the Taiwan dollar Tuesday, gaining NT$0.002 to close at NT$30.235 on the back of the local central bank's intervention to reverse the greenback's earlier losses, dealers said.
Singapore consumers love their low-priced China smartphones.