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Friday, November 28, 2014
More than 60 percent of the companies listed on the local over-the-counter (OTC) market were profitable in the third quarter of this year, GreTai Securities Market (GTSM,證券櫃檯買賣中心), which operates the OTC market, said Thursday.
The U.S. dollar fell against the New Taiwan dollar Thursday, shedding NT$0.001 to close at NT$30.951 as traders here took cues from the strength of the South Korean won and other regional currencies to cut their greenback holdings, dealers said.
Shares of MediaTek Inc. (聯發科技), one of Taiwan's leading integrated circuit (IC) designers, got a boost Thursday morning from upbeat assessments by foreign brokerages toward its shipments of fourth-generation (4G) smartphone chips to the huge China market, which could improve the company's gross margin, dealers said.
Share prices drifted Thursday but expectations for new stimulus in China and Europe helped to limit losses.
The euro lost more ground in Asia on Thursday after a European Central Bank (ECB) official's dovish comments boosted speculation about further easing measures, while lackluster U.S. data weighed on the dollar.
Oil prices retreated further in Asia Thursday on expectations the Organization of the Petroleum Exporting Countries (OPEC) cartel will keep production at present levels despite pressure over falling prices at a key meeting later in the day, analysts said.
Thursday, November 27, 2014
OPEC needs non-cartel members to help address an oil supply glut that is set to grow next year, Iran's oil minister said here Wednesday.
World stock markets mostly rose Wednesday as stronger U.S. growth offset a less rosy outlook for China.
The yen rose against the dollar Wednesday as a recent sell-off in the unit ran out of steam following mixed U.S. economic data, while Japan's top central banker raised concerns about its weakness.
Oil prices were mixed in Asia Wednesday as speculation swirls that the OPEC oil cartel will maintain output at this week's closely watched meeting despite a global supply glut.
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