Thursday, February 26, 2015
Chinese factory activity expanded in February, snapping two consecutive months of contraction, a closely watched private survey showed Wednesday in a bright spot amid a broad slowdown in the world's second-largest economy.
Foreign cash pushed Taiwan Semiconductor Manufacturing Co.'s (TSMC, 台積電) share price to NT$154.5 yesterday, resulting in a record-high market capitalization that topped NT$4 trillion.
The private sector's sentiment toward activity in the manufacturing sector gained in January amid a steady economic recovery in the United States and the low price of crude oil, according to one of Taiwan's leading think tanks.
Taiwanese jobseekers' interest in China has declined to a six-year low due partly to China's economic slowdown, according to a 1111 Job Bank (1111人力銀行) survey released yesterday.
Property prices will start tumbling in 2015, and the downward trajectory may continue for three to five years, warned the Taiwan Institute of Economic Research (TIER) yesterday.
The working-age population of Taiwan will drop by 180,000 annually on average starting next year as the graying of the nation begins to impact the economy, the National Development Council (NDC) said recently.
Taiwan's Asustek Computer Inc. (華碩) could turn to a second mobile operating system for future smartwatches in order to achieve longer battery life, leaving behind the Android Wear system used on its current ZenWatch, company CEO Jerry Shen (沈振來) said.
Apple Inc.'s upcoming smartwatch is expected to dominate the global market in 2015 despite mounting competition from devices running on Google Inc.'s Android Wear operating system, a local analyst said Wednesday.
Taiwan Semiconductor Manufacturing Co. (TSMC台積電) and MediaTek Inc.(聯發科) moved up in a ranking of top research and development spenders in the semiconductor industry, according to a report released Tuesday by market research firm IC Insights.
JPMorgan Chase plans to tclose 300 bank branches over the next two years, about 5 percent of the total, as more customers move online and the bank seeks to cut costs.