Wednesday, April 23, 2014
The Hong Kong-listed shares of China Resources plunged on Tuesday after the head of the state-owned Chinese conglomerate was sacked amid allegations of corruption.
Shandong Airlines, one of China's smaller carriers, said it has agreed to buy 50 passenger planes from U.S. manufacturer Boeing for US$4.6 billion, in another sign of the country's growing demand for air travel.
While the average earnings of employees in the industrial and service sectors in January and February hit record highs in recent years, the average real wages were lower than the level registered 16 years ago due to an increase of 3.8 percent in the consumer price index (CPI) for the two-month period, according to official data.
China will cut the amount of funds rural banks must keep in reserve by up to two percentage points, the central bank said Tuesday, easing monetary policy in a bid to boost its slowing economy.
The Taiwan External Trade Development Council (TAITRA) signed an agreement Tuesday with the Business Development Department of Oregon to expand cooperation in various technology sectors.
Inotera Memories (華亞科技) and Nanya Technology Corp. (南亞科技) on Monday posted better-than-expected net profits of NT$11.2 billion and NT$6.1 billion for the first quarter.
Taiwanese investors are among the most unrealistic in setting investment targets, according to a report released by Legg Mason Global Asset Management, yesterday.
Taiwan's jobless rate edged lower in March largely because of a decline in the number of people laid off or who had temporary contracts terminated, government statistics showed Tuesday.
The U.S. dollar rose against the New Taiwan dollar Tuesday, gaining NT$0.035 to close at the day's high of NT$30.303 on an improvement in regional manufacturing activity data in the U.S. for April, dealers said.
Shares in Taiwan closed higher Tuesday as high-priced stocks in the bellwether electronics sector steamed ahead in the wake of gains posted by high-tech stocks in the U.S. market overnight, dealers said.