Thursday, December 12, 2013
The failure to finalize a landmark trans-Pacific trade pact this year as planned has dealt a blow to President Barack Obama's policy pivot to Asia.
Shares of Hon Hai Precision Industry Co. fell yesterday morning as investors decided to lock in gains a day after the contract electronics maker announced record sales for November, dealers said.
Australia eased foreign ownership restrictions on Chinese state-owned coal firm Yanzhou Wednesday to help shore up the miner amid tough conditions in the sector.
Budget carrier Air Busan launched its first non-stop flight between South Korea's Busan and Taiwan's Kaohsiung Wednesday, a move which Kaohsiung officials hope will encourage more visitors to enjoy the southern city's warm winters.
A print advertisement congratulating a Chinese bank on its launch of Formosa bonds has violated the principle of parity across the Taiwan Strait, the Financial Supervisory Commission (FSC) confirmed Wednesday.
Shares of Taiwan Semiconductor Manufacturing Co. (TSMC) closed higher Wednesday as investors shrugged off a more-than 14-percent month-on-month decline in consolidated sales for November, dealers said.
Helen Qiao, Greater China chief economist at Morgan Stanley, yesterday stated that interest rates in Taiwan are expected to trend upwards toward the end of next year.
Wayi International Digital Entertainment (華義國際), a listed company that specializes in online gaming, announced yesterday that its online store would start taking bitcoins as a form of payment next year.
Propelled by Google's announcement of its intent to double its investments in Taiwan to US$600 million, shares of computing server module makers mounted spirited rallies during yesterday's trading.
Shares in Taiwan closed lower Wednesday amid renewed concerns over the global economy as investors feared that a budget cut in the U.S. will have an impact on the already fragile economic recovery, dealers said.