Tuesday, September 2, 2014
Growth in Chinese manufacturing activity slowed in August, two closely watched surveys showed Monday, losing momentum as a declining property sector and waning stimulus effects weigh on the world's second-largest economy.
China's home prices fell at a slower rate in August than the previous month, an independent survey showed Monday, as more local governments loosened purchasing restrictions to prop up sales.
Budget carrier Tigerair Taiwan (台灣虎航), a joint venture between Taiwan's China Airlines and Singapore's Tiger Airways, said Monday that it expects to obtain approval to launch flights within two weeks, moving closer to becoming Taiwan's first domestic low-cost carrier.
The local integrated circuit sector moved higher Monday on expectations that the upcoming annual SEMICON Taiwan exhibition (國際半導體展) will come up with positive leads to help IC stocks spark more buying interest, dealers said.
Tablet computers, a product category that first emerged in 2010, will see an annual decline in global shipments this year for the first time as their novelty seems to have worn off and prices have bottomed out, according to a local research firm.
In response to growing competition by rival carriers such as Taiwan Star Cellular Co.'s (台灣之星) NT$599 monthly unlimited 4G usage contracts, Chunghwa Telecom (CHT, 中華電) yesterday began offering a number of lower-priced 4G mobile subscription plans.
The Central Bank launched an offshore yuan Taiwan Interbank Offer Rate benchmark (CNT Taibor) on Monday, with US$1 against 6.1473 yuan, in line with the price in Hong Kong.
Shares in Taiwan staged a rebound Monday to close above the 9,500-point mark as investors took cues from a fresh record high posted by the S&P 500 index at the end of last week to buy local stocks, dealers said.
From the start, little has been typical about Tesla Motors' plan for a US$5-billion factory to make batteries for a new generation of electric cars.
Foreign nationals who want to buy Alibaba Group shares in the Chinese e-commerce giant's U.S. public offering will need to get comfortable with an unusual business structure.