Thursday, May 21, 2015
Tigerair Taiwan, a joint venture between Taiwan's China Airlines and Singapore's Tiger Airways, said Wednesday that it will launch flights between Taiwan Taoyuan International Airport and Okinawa June 29 to capitalize on increasing interest in travel between the two countries.
International orders received in April fell 4 percent compared with a year ago, putting an end to almost two years of consecutive growth the nation has seen.
The nation's finance minister, who is leading revisions of his ministry's property tax scheme, said yesterday the completed draft will include a surface rights tax that is expected to lighten payments.
Shares in Taiwan closed lower Wednesday as investors locked in profits they had built up a session earlier amid cautious sentiment ahead of the release of the latest policymaking meeting minutes by the U.S. Federal Reserve, dealers said.
Shares of Nanya Technology Corp. (南亞科), one of Taiwan's major dynamic random access memory (DRAM) chip makers, moved sharply higher Wednesday morning on hopes that strong demand for mobile DRAMs from China will boost the company's bottom line, dealers said.
The U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.042 to close at NT$30.682 on moderate turnover as many traders here stayed on the sidelines awaiting the release of the minutes of the U.S. Federal Reserve's last policymaking meeting, dealers said.
Fubon Securities (富邦證券), the securities unit of Taiwan-based Fubon Financial Holding Co. (富邦金), has secured approval from the Financial Supervisory Commission (FSC, 金管會) to buy a stake in China's Huishang Futures.
Hon Hai Precision Industry Co. (鴻海), the world's largest contract electronics maker, is expected to secure 60 percent-70 percent of the orders placed by Apple Inc. to assemble the next generation of the iPhone, an analyst said Wednesday., 1 Comment
Japanese auto parts giant Takata agreed to double a recall of U.S. cars with potentially deadly airbags to a record of nearly 34 million vehicles, officials said, sending the firm's shares plunging in Tokyo on Wednesday.
U.S. regulators on Wednesday fined Swiss bank UBS US$342 million for manipulation of foreign exchange markets, as other global lenders prepared for even larger penalties.