Thursday, July 23, 2015
The state-owned Industrial Economics and Knowledge Center (IEK, 工研院產經中心) predicted yesterday that the nation's production output will grow by merely 0.86 percent this year -- 1.85 percentage points lower than the institute's previous forecast.
The BioBusiness Asia (BBA) conference, one of the Bio Taiwan 2015 highlights, opened in Taipei Wednesday, attended by business, government and academic representatives in the bio technology sector from countries in the Asia-Pacific region.
The government's measure to push down real estate prices appeared to bear some impact as housing prices in Taipei dropped to the level of two years ago, according to a report released by Sinyi Realty (信義房屋).
Shares in Taiwan closed lower Wednesday after Taiwanese suppliers to Apple Inc. took a beating in the wake of the U.S.-based consumer electronics giant's disappointing results and lower-than-expected sales guidance, dealers said.
The U.S. dollar fell against the Taiwan dollar Wednesday, shedding NT$0.055 to close at NT$31.352 as traders here were encouraged by a rebound in other regional currencies to raise their holdings in the local unit, dealers said.
Yahoo is still limping along as the Internet company prepares to shed the financial crutch that has been propping up its stock during the three-year reign of CEO Marissa Mayer.
Nine million credit card customers will receive refund checks from Citigroup after U.S. regulators forced the bank to repay US$700 million and fined it US$70 million for illegal and deceptive practices.
Mining giant BHP Billiton Wednesday reported an increase in iron ore output for the June quarter but a decline in gas production as shale projects were delayed due to weak oil prices.
Industrial giant United Technologies (UTC) slashed its 2015 earnings forecast Tuesday due to the sharp slowdown in China's real estate sector and disappointing aviation parts sales.
BlackBerry Ltd. announced another round of job cuts Tuesday as it deals with weak smartphone sales and pushes ahead with a restructuring plan.