Thursday, February 4, 2016
Strong earnings in North America and China and a reversal of fortunes in Europe powered General Motors to a record net profit of USUS$9.7 billion last year.
A Chinese state-owned chemical maker offered to buy Swiss pesticide giant Syngenta for US$43 billion in what would be the biggest-ever foreign acquisition by a mainland Chinese company.
The U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.128 to close at the day's high of NT$33.808 in reflection of a looming foreign fund exodus, marking the fourth consecutive session in which the U.S. currency moved higher here, dealers said.
Equity investors in Taiwan suffered average losses of almost NT$410,000 (US$12,130) during the Year of the Goat, amid concerns over a slowing global economy and volatility in global financial markets, according to statistics released Wednesday.
Taiwan's Investment Commission on Wednesday gave Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) approval to build its first 12-inch wafer fab in mainland China.
Taiwan's financial regulator said that it would roll out measures to maintain market stability and draft a white paper for President-elect Tsai Ing-wen by May 20.
Shares in Taiwan closed lower Wednesday as investors grew more concerned over possible further volatility in global markets, particularly after Wall Street took a beating and international oil prices plunged overnight, dealers said.
The Executive Yuan said Wednesday that it cannot guarantee whether a mass rapid transit (MRT) line between Taipei and the country's main airport will be inaugurated before May 20, when President-elect Tsai Ing-wen (蔡英文) is set to assume office.
Taiwan was ranked fifth in the 2015 BlackRock Sovereign Risk Index (BSRI), up one notch from a year earlier, according to a report released Tuesday by investment risk analysis firm BlackRock Investment Institute.
The Chinese Professional Baseball League (CPBL) invited China Airlines (CAL), Taiwan's largest air carrier, to form a fifth professional baseball team in Taiwan.