Friday, July 31, 2015
The U.S. economy posted a solid rebound in the April-June quarter after a harsh winter, led by a surge in consumer spending and a recovery in foreign trade that bode well for the rest of the year.
Total construction volume of presale and new homes contracted 30.04 percent to NT$272.2 billion in the second quarter from the same period last year on uncertainty over demand due to property tax revision, a developer said yesterday.
The Special Investigation Division (SID, 特偵組) yesterday concluded its investigation of Singfor Life Insurance Co. (幸福人壽) and indicted the company's former chairmen Eric Teng (鄧文聰) and Huang Cheng-i (黃正一) for hallowing out over US$400 million in company assets.
Shares in Taiwan staged a technical rebound Thursday from recent losses, as bargain hunters turned active to pick up heavyweight stocks in both the financial and electronics sectors, dealers said.
The U.S. dollar rose against the New Taiwan dollar Thursday, gaining NT$0.078 to close at NT$31.601 as Taiwan's central bank continued its intervention to help the greenback recoup its early losses, dealers said.
Intel Corp., the world's largest chip-maker, will issue bonds in Taiwan in a bid to finance an acquisition of U.S.-based programmable logic semiconductor supplier Altera, the Taipei Exchange (TPEx) said Thursday.
Shares of United Microelectronics Corp. (UMC, 聯電) moved higher Thursday morning after the second-largest contract chip-maker in Taiwan announced a share buyback program a session earlier to support its share price, dealers said.
South Korean giant Samsung Electronics posted an 8.0 percent fall in second-quarter net profit Thursday and promised "flexible" pricing of its new flagship smartphone after less than stellar sales contributed to a slump in its mobile unit's earnings.
Ford's new aluminum-sided F-150 pickup saw mixed results in new crash tests by the insurance industry, and the damaged trucks cost more to repair than steel-bodied ones.
Facebook is attracting advertising dollars to where its users are -- on mobile devices.