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Thursday, May 28, 2015
With the Japanese yen losing its value, hypermarket chains said in addition to rolling out specials on Japanese goods, they will request price cuts from Japanese suppliers.
UK bank Barclays Plc forecast Tuesday that Taiwan's industrial production will normalize next month after tepid growth in April, citing an easing of drought conditions in Taiwan and rising demand from Europe and the United States.
The consumer confidence index (CCI) dipped 1.29 points to 91.64 in May, while the stock investment confidence sub-index saw the largest fall, by 9.6 points, based on a report released by the National Central University (中央大學, NCU) yesterday.
COMPUTEX: 9 products clinch sought-after Best Choice Awards
Nine electronics products received golden Best Choice Awards on Wednesday from organizers of COMPUTEX Taipei, the world's second biggest computer trade show, that honored their innovation, functionality and market potential.
Shares of CTBC Financial Holding Co. (中信金), one of Taiwan's leading financial holding companies, jumped Wednesday morning after the company announced that subsidiary CTBC Bank (中信銀) will acquire a 100 percent stake in China CITIC Bank International Ltd., dealers said.
Shares in Taiwan closed higher Wednesday as buying rotated to the financial sector, enabling the broader market to extend its gains from a session earlier, dealers said.
Hsia Li-yan (夏立言), head of the Mainland Affairs Council (MAC, 陸委會), the top government agency in charge of cross-Taiwan Strait affairs, said Wednesday that he had not heard any comments from his Chinese counterpart.
The U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.017 to close at NT$30.725 amid worries that the U.S. Federal Reserve will launch an interest rate hike cycle by the end of this year, dealers said.
Chinese communists struggle to deal with strikes, labor activists
As workers gathered around a table in a cheap restaurant to discuss strike action against their shoe factory bosses, mainland Chinese police barged in and dragged away their leaders.
At first, the numbers and company names flashing on a big board in Beijing's financial district suggest a booming market.
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