Friday, April 25, 2014
Apple on Wednesday courted investors with stock split plans as hot iPhone sales pushed up profits while underscoring pressure for the company to unveil “the next big thing.”
China's official news agency says authorities plan to revoke two crucial publication licenses for web giant Sina.com because pornographic content was found on its sites.
General Motors on Thursday reported its worst quarterly performance in more than four years as the costs of a series of recalls dragged down earnings.
--Failed Bitcoin exchange MtGox, whose spectacular collapse hammered the digital currency's reputation, is to be liquidated after a Japanese court on Thursday ordered the start of bankruptcy proceedings, said a lawyer appointed to carry out the process.
As real estate prices peak, stocks may serve as better investment, because they are likely to provide a better rate of return, Finance Minister Chang Sheng-ford (張盛和) said yesterday.
Shares in Taiwan suffered profit taking to close in negative territory Thursday, although certain local suppliers in the Apple Inc. supply chain posted gains in the wake of better-than-expected quarterly results from the U.S. consumer electronics giant, dealers said.
The U.S. dollar fell against the Taiwan dollar Thursday, shedding NT$0.02 to close at NT$30.306 as traders were encouraged by the strength of the South Korean won to raise their holdings in Taiwan's currency, dealers said.
Largan Precision Co. (大立光) yesterday impressed the market by posting NT$6.86 billion and NT$22.36 for first-quarter consolidated revenues and earnings per share (EPS), both of which reached a new high in the first quarter.
Sales generated by the local commercial sector for the first quarter of this year rose more than 2 percent from a year earlier on the back of a recovery in domestic commercial activity, according the Ministry of Economic Affairs (MOEA) said Thursday.
Taiwan's leading chief financial officers (CFOs) are more bullish on 2014 growth prospects compared with last year, but identify financial market risk and uncertainty in the domestic economy as the primary challenges to achieving higher revenue and profitability targets.