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December, 8, 2016

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Business > Asia > Taiwan
The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.212 to close at NT$31.801 as foreign investors moved their funds out of the region, sparking selling in the local currency, dealers said.
 
TAIPEI, TAIWAN (November 10, 2016) Acer today announced that it has pledged to invest US$ 10 million in the IMAX VR Content Fund, which will support the development of high-quality and immersive VR content.
 
The U.S. dollar rose against the Taiwan dollar Thursday, gaining NT$0.130 to close at NT$31.589 amid worries that rising protectionism in the United States after Donald Trump's election victory will impact exports by economies in the region, dealers said.
 
DBS deal for ANZ set to be a boon for digital banking
DBS Group Holding's acquisition of the Australia & New Zealand Banking Group (ANZ) will allow the firm to strengthen its digital capabilities, DBS CEO Piyush Gupta said at a press event in Taipei Tuesday.
 
EVA aims for 100 North America flights a week
With the launch of new direct flights between Taipei and Chicago, EVA Air has moved closer toward its goal of introducing 100 weekly flights between Taipei to North America by 2018.
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Travel deals to dance about
Models dance at the 2016 Taipei International Travel Fair in Taipei on Friday, Nov. 4. The four-day annual travel fair began on Friday and features bargains ranging from cheap travel packages to local restaurant vouchers.
 
Shares in Taiwan ended almost flat Friday after falling for four consecutive sessions, as investors remained cautious ahead of next week's U.S. presidential election, dealers said.
 
The 2017 Smart City Summit and Expo, which will be held in Taipei from Feb. 21-24, will focus on the development and application of the internet of things (IoT), an organizer of the international event said.
 
Taiwan's financial regulator announced plans to lift the cap on investment by venture capital firms in seven innovative industries the government has been promoting, a move that is expected to attract an estimated NT$17 billion (US$539.94 million) in new investment.
 
Taiwan High Speed Rail Corp. (THSRC) announced Thursday that it will operate more trains on weekends starting in December to meet high demand for weekend travel.
 
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