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Thursday, September 25, 2014
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.
General Motors says China sales this year will exceed 3.1 million
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.
Shoemaker to the stars Jimmy Choo unveiled plans Tuesday for a London stock market float valuing it at up to 800 million pounds (US$1.3 billion) to fund expansion in Asia.
As the new iPhone 6 and iPhone 6 Plus are scheduled to hit the market on Sept. 26, local telecom companies confirmed that they have received shipments of the new phone and are readying stores for the big day.
Prosecutors yesterday summoned Zheng Jing-tai (鄭景太), the president of Tokyo Fashion Co. (東京著衣) and conducted searches of his residence on suspicion of fraud and hollowing out the company's assets.
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