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February, 23, 2017

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Business
Ex-EVA Air chair plans return to airline industry
Former EVA Air Chairman Chang Kuo-wei -- ousted by his half-brothers in a board-room coup last year -- will announce his comeback plan to the airline industry in the next few months, his spokesman was cited as revealing Wednesday.
 
Biotech firm using mushrooms for cancer
Since its establishment in 2009, Zhenjuntang Biotechnology Co. Ltd. (珍菌堂生物科技股份有限公司) has invested more than NT$2.2 billion across the Taiwan Strait to manage 158 operation centers in 21 of China's provinces. The Taipei-based company aims to highlight the alleged benefits of stout camphor fungus, also called "niu zhang zhi" (牛樟芝) in Chinese, a promising medicinal mushroom from Taiwan, in the fight against cancer.
 
European stock markets mostly rose Wednesday as traders reacted to mixed economic data and earnings results.
 
U.S. Treasury Secretary Steven Mnuchin on Tuesday called on the International Monetary Fund to provide "candid analysis" of exchange-rate policies in member countries.
 
European Union finance ministers agreed Tuesday to roll out further measures to prevent multinational companies from exploiting differences in tax rates between countries in the 28-country EU and those outside the bloc.
 
Like a bird on a wire
Contestants fix utility poles during a skill competition held by Taiwan Power Company (Taipower) on Wednesday, Feb. 22. The 49th competition of maintenance skills was held on Wednesday in Kaohsiung. The contest attracted more than 902 contestants to take part in 25 different challenges, marking the highest number of participants for three years. Taipower said that the competition was an important stage for allowing employees to demonstrate the professional skills required to do their job, while also providing an opportunity for them to exchange knowledge and experiences.
 
Toshiba's shares skyrocketed over 22 percent Wednesday on hopes it will unload a stake in its prized chip business to shore up a battered balance sheet.
 
SEMI, the global association connecting and representing the worldwide electronics manufacturing supply chain, recently announced the appointment of Ajit Manocha as its president and CEO.
 
American and United have started selling cheaper "basic economy" fares as they battle discount airlines for the most budget-conscious travelers.
 
Macy's, the nation's largest department store chain, says its earnings for the quarter that includes the holiday period dropped nearly 13 percent as results were dragged down by lower sales, store closures and other costs.
 
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