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Friday, July 3, 2015
Power use reached an all-time high yesterday in Taiwan amid broiling heat, according to the Taiwan Power Co. (Taipower, 台電).
Taiwan is not Greece, and is in no danger of becoming the next one.
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The U.S. dollar rose against the New Taiwan dollar Thursday, gaining NT$0.050 to close at NT$31.150 after moving in a quiet session ahead of the release of the U.S. non-farm payroll data the following day, dealers said.
The Taiwan unit of Yahoo Inc. said Thursday that its weekly mobile page views have increased by 50 percent since the search engine revamped its mobile version in early June.
Taiwan-based Foxconn Technology Group (富士康), the world's largest contract electronics maker, will assemble smartphones at its production base in Brazil for Chinese smartphone brand Xiaomi Inc. (小米), market sources said Wednesday.
Swiss brokerage firm UBS Securities cut its annual target again within a month Thursday for the Taiwan stock exchange's benchmark index, the TAIEX, from 10,000 to 9,750 points due to potential risk to earnings.
Shares in Taiwan closed little changed Thursday as the market failed to overcome the nearest technical resistance ahead of 9,400 points, giving up most of its earlier gains by the close, dealers said.
Wednesday, July 1, 2015
The Finance Ministry (財政部) said yesterday that Taiwan is not subject to Article 3.3 of the Asian Infrastructure Investment Bank's (AIIB, 亞投行) founding document, which places restrictions on membership applicants without sovereignty.
A Taiwanese businessman who opened a shoe factory in mainland China is allegedly being detained in his own home by his Chinese business partners after a business dispute got out of hand.
Taiwan's dependence on China as a production base has grown in recent years, with the percentage of Taiwan's export orders made in China or Hong Kong rising nearly 4 percentage points over the past five years, according to the latest statistics.
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