Thursday, September 3, 2015
Shanghai and Hong Kong stocks closed down after volatile trading on Wednesday gripped by ongoing concerns over mainland China's economic crisis that has rattled world markets.
Taiwan-based Hon Hai Precision Industry Co. (鴻海), the world's largest contract electronics maker, is planning to work with the SK Group, a leading South Korean conglomerate, to offer financial services in the Indian market.
The Taiwan Tour Bus (台灣觀巴) fleet has been upgraded to a smart-travel model by incorporating multi-language services, free Wi-Fi and an increase to more than 100 travel routes, the Tourism Bureau announced, yesterday.
The Financial Supervisory Commission (金管會) chairman had harsh words for the insurance industry yesterday, saying it was the worst offender in the financial sector that fails to prize innovation and instead competes with price-cutting.
Shares in Taiwan recovered from early losses on Wednesday to close above the 8,000-point mark, with the government apparently stepping in to limit the impact of an overnight fall on Wall Street caused by worries over mainland China's economy, dealers said.
Microsoft Corp. launched a foldable keyboard in Taiwan Wednesday, continuing a cross-platform push as part of the software giant's new strategy to focus on productivity.
The U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.082 to close at NT$32.762, after Taiwan's central bank propped up the greenback late in the session, dealers said.
World stocks were wobbly Wednesday on uncertainty over the economic outlook while mainland China's markets minimized losses amid speculation Beijing was intervening to support prices.
Yahoo CEO Marissa Mayer is going to give birth to twins while trying to deliver a long-promised turnaround at the struggling Internet company. As she did after having a son nearly three years ago, Mayer plans to take a brief break from her Yahoo job instead of 16 weeks of paid leave.
The U.S. dollar firmed against the euro and yen in Asia Wednesday on building optimism over the health of the U.S. economy.