Thursday, September 25, 2014
China's investment in Taiwan dropped by 25.15 percent in the first eight months of this year, compared to the same period last year, according to statistics from the Investment Commission.
Central bank chief Perng Fai-nan (彭淮南) said yesterday that importers should lower prices in the wake of the latest wave of currency depreciation, and prices for Japanese merchandise should decline between 3 and 4 percent.
The Taiwan Textile Federation (TTF) recently won a gold award in a competition held by the Bureau of Foreign Trade for organizing Taipei IN Style (TIS), according to the federation.
Formosa Plastics Group (FPG,台塑集團) is expected to invest an additional US$500 million into its steel mill in the southeastern Chinese province of Fujian, according to a report of Economic Daily News.
A leading Taiwanese think tank raised its forecast again Wednesday for Taiwan's gross domestic product (GDP) growth for 2014, citing the improving global economy.
Shares in Taiwan staged a mild technical rebound Wednesday from losses seen in the previous two sessions, with old economy stocks in focus, dealers said.
Germany's Deutsche Bank AG has downgraded shares of Taiwan's MediaTek Inc. (聯發科技), the leading supplier of chips for Chinese smartphones, citing an increasingly crowded market in China.
The U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.008 to close at NT$30.248 as foreign institutional investors remained on the sell side in the local bourse, dealers said.
General Motors Co. (GM) expects its sales in China this year to top 3.1 million units and sees no impact on business from an anti-monopoly probe of the industry, the president of the automaker's China unit said Wednesday.
Wednesday, September 24, 2014
China's manufacturing sector saw a surprise pick-up in September, a closely watched survey showed Tuesday, but economists warned a slowdown in the key property sector was an ongoing risk to growth.