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Saturday, January 17, 2015
Shares on the Taiwan Stock Exchange extended their losses Friday as investors took cues from further volatility on Wall Street overnight to keep unloading their holdings in the local market, dealers said.
The U.S. dollar fell against the Taiwan dollar Friday, shedding NT$0.141 to close at NT$31.645 in the wake of the strength of other regional currencies, dealers said.
Lawmakers passed an amendment Friday that will allow local governments to extend an exemption to the vehicle license tax for electric cars through 2018, a move that is expected to help growth in Taiwan's nascent electric automobile industry.
Domestic gas and diesel prices could drop next week by NT$0.9 and NT$1, respectively, the CPC Corporation, Taiwan (CPC, 台灣中油) forecast yesterday.
Taiwanese travelers to Japan spend 30 percent of their holiday budget on shopping, statistics from the Japanese tourism agency show.
Citigroup Thursday became the latest big U.S. bank to report disappointing results, with earnings plunging 86 percent on a large legal charge and disappointing operating performance in some segments.
Pope Francis says he has come to the Philippines to help the poor, but the country's biggest businesses and multinationals are also cashing in with a not-so-subtle hijacking of his image.
Friday, January 16, 2015
Uber Technologies Inc. got more grief yesterday, with the local Consumers' Foundation (CF, 消基會) announcing that it discourages the use of the cab-hailing service due to safety concerns.
TSMC 2014 net profit up more than 40%
Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) reported Thursday that its net profit for 2014 rose more than 40 percent from a year earlier, with market analysts attributing the growth to strong demand for the company's high-end processes thanks to the increasing requirements for global mobile devices.
Shares in Taiwan closed lower Thursday after moving in consolidation mode amid fears over further volatility on Wall Street as investors grew worried about the pace of the global economic recovery, dealers said.
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