Thursday, April 16, 2015
The Consumers' Foundation (CF, 消基會) yesterday filed a class-action suit against 51 tainted oil manufacturers for compensation totaling NT$108.39 million.
Shares in Taiwan took a beating Wednesday as the bellwether electronics sector encountered heavy downward pressure amid concerns over the market outlook of the global semiconductor business, dealers said.
The U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.018 to close at the day's high of NT$31.330, as heavy foreign institutional investor selling on the stock market led traders to cut their holdings in the local currency.
As major economies made adjustments to their monetary policies, Europe and Japan have wrested back control of local stock markets from U.S. influence, according to a quarterly report released by DBS Taiwan (星展銀行).
Taiwan's MediaTek Inc. (聯發科), a major supplier of handset chips to Chinese manufacturers, said Wednesday that Vice Chairman Cho Jyh-jer (卓志哲) will retire and leave the company June 12.
Taiwan's first commodity futures exchange traded fund, Yuanta Funds' (元大寶來基金) Standard and Poor's Goldman Sachs Gold ER Index equity fund, was publicly listed yesterday.
Wednesday, April 15, 2015
The head of Samsung Electronics Co.'s information technology and mobile businesses in Taiwan has resigned citing "personal reasons," weeks after the South Korean firm launched its newest flagship S6 and S6 edge phones in the country.
Taiwanese business people said they are optimistic about a new tax agreement between Taiwan and China that is expected to be sealed soon, with many hoping that the accord can improve the competitiveness of local businesses.
Sales of notebook computers in Taiwan showed signs of stabilization in 2014 after two years of significant decline, market research firm GfK Group said Tuesday, citing strong demand for 2-in-1 detachable laptops.
As the state of water shortage continues in Southern Taiwan, an "upgraded version" of second-phase water rationing is set to kick-start today in Tainan and Kaohsiung.