Thursday, October 23, 2014
TPK shares yesterday tumbled by 7 percent following the company's denial of market rumors that Hon Hai Precision Industry Co. (鴻海) may be planning to acquire a stake in the touch display panel maker.
China Airlines (CAL, 中華航空) plans to double the number of weekly flights from Taipei to Busan to 14, respectively, in late October, according to an Economic Daily News report.
The National Communications Commission (NCC) has granted Asia Pacific Telecom (亞太電信) the 4G operating license using the 700 MHz frequency, and the telecom company is set to launch its 4G broadband service by year-end.
Shares in Taiwan staged a technical rebound Wednesday, with buying focused on the bellwether electronics sector in the wake of a strong showing made by high-tech stocks in American markets overnight, dealers said.
Taiwan's syndicated loans shrank to a new six-year quarterly low of US$4.5 billion in the third quarter on weak market demand, according to data compiled by business news and financial information provider Bloomberg.
The U.S. dollar fell against the New Taiwan dollar Wednesday, shedding NT$0.008 to close at NT$30.393 as a strong rebound by the local market boosted demand for the local currency, dealers said.
Japan's shaky economy was dealt another blow Wednesday, as official data showed a widening September trade deficit that puts the world's number-three economy on track to log a record annual shortfall.
Yahoo said Tuesday its quarterly profit surged with its sale of shares in Chinese Internet powerhouse Alibaba, and that it was seeing signs of life in its mobile Internet initiatives.
Apple has posted a new security warning for users of its iCloud online storage service amid reports of a concerted effort to steal passwords and other data from people who use the popular service in China.
After more than five years of stock market gains, investors could be forgiven for worrying that big sell-offs may be the harbingers of bigger slumps.