Friday, December 5, 2014
Shares in Taiwan extended momentum Thursday from a session earlier to close above the 9,200-point mark as investors remained upbeat that a capital gains tax targeting major players in stocks will be lowered or even abolished, dealers said.
Thursday, December 4, 2014
China is moving forward with the merger of its two top train makers, state media said Wednesday, with a plan to create a massive group to export high-speed railway technology.
China's largest nuclear power producer raised US$3.16 billion in an initial public offering in Hong Kong, a report said Wednesday, with investors hoping to benefit from Beijing's push towards cleaner energy.
Taiwan-listed companies in the food industry, financial industry, chemical industry and companies with over NT$10 billion of paid-in capital are as of recently required to compile a Corporate Social Responsibility (CSR) Report.
The 9-millionth overseas visitor to Taiwan, who was showered with gifts Wednesday to mark the milestone, said he intends to visit Taiwan again.
Shares in Taiwan jumped Wednesday on expectations that the Legislative Yuan will soon lower a capital gains tax on stock gains targeted at major market players, dealers said.
The U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.061 to close at the day's high of NT$31.167 as traders here took hints from the weakness of the Japanese yen and the South Korean won to cut their holdings in the local currency, dealers said.
The Legislature's review of a bill to revise a looming capital gains tax on stock gains could be delayed by the reshuffling of the Cabinet, Kuomintang lawmaker Lin Te-fu (林德福) said Wednesday.
Australia's economy slowed more than expected in the third quarter as an increase in exports was weighed down by falling private investment, data showed Wednesday, in another sign of the nation's rocky transition away from mining-led growth.