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Wednesday, June 24, 2015
Foreign orders fall for the second month
Foreign orders fell at an annual rate of 5.9 percent to US$35.79 billion in May, which was the lowest amount in nearly two years, according to a report released by the Ministry of Economic Affairs (經濟部, MOEA).
The chairman of the Financial Supervisory Commission (FSC, 金管會) said Tuesday that the FSC will launch an investigation into an alleged stock trading fraud involving biotech firm Zodic Light World Technology Inc. (兆良科技).
Low interest rates and a booming electronics sector in the latter half of the year are likely to drive the Taiwan stock market index to the 10,000-point mark, said William Dong (董成康), equities and research head of UBS Securities' Taipei branch.
Shares in Taiwan extended their momentum from a session earlier and moved higher Tuesday as investors embraced high hopes that Greece and its creditors will hammer out a package to solve the European country's debt problems, dealers said.
The Financial Supervisory Commission (FSC, 金管會) said chances are low that it can renegotiate terms of a cross-strait yuan investment scheme so that the program can proceed independently from the stalled Cross-Strait Service Trade Agreement (服貿協議).
United Microelectronics Corp. (UMC, 聯電), Taiwan's second largest contract chip-maker, is joining with British chip designer ARM Holdings Plc. and U.S.-based software developer Synopsys Inc. to develop the advanced 14 nanometer process.
The U.S. dollar rose against the New Taiwan dollar Tuesday, gaining NT$0.032 to close at the day's high of NT$31.002 on moderate trading volume, ahead of United States economic data that was due later in the day, dealers said.
FOOD Taipei (Taipei Int'l Food Show), one of the most comprehensive food expos in Asia, kicks off today.
FOOD Taipei 2015: Asia's most complete food show kicks off
Tuesday, June 23, 2015
Taiwan's unemployment fell slightly to 3.62 percent in May, down 0.01 percentage points from April and 0.23 points from a year earlier, government statistics showed Monday.
Between January and May, China-based investment in Taiwan plunged more than 67 percent to NT$45.92 million compared with a year ago, according to a report released by the Investment Commission at the Ministry of Economic Affairs (MOEA, 經濟部).
  
  
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