Sunday, March 29, 2015
China's central bank on Saturday announced that it will cut the benchmark deposit and loan interest rates by 25 basis points, as authorities seek to prop up flagging growth in the world's second-largest economy.
Taiwan's central bank, which just kept its key interest rates unchanged for the 15th consecutive quarter, is unlikely to raise rates any time soon because of the ongoing need for liquidity to sustain growth, economists said Saturday.
KGI Securities, one of the leading brokerages in Taiwan, has cut its target price for Acer Inc. even though the PC vendor turned a profit in 2014 after a three-year losing streak.
Xintec Inc. (精材), an integrated circuit packaging services subsidiary of Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電), will list on Taiwan's over-the-counter (OTC) market on March 30.
Saturday, March 28, 2015
The economic monitoring indicator flashed a “green” signal in February, representing a stable economy, according to a report released by the National Development Council (NDC) yesterday.
ipei City's Department of Labor (DOL, 勞動局) said yesterday that they will look into Yahoo Kimo (Yahoo奇摩) and China Television Company Ltd.'s (CTV, 中國電視事業股份) mass layoffs, which are estimated to lead to the loss of at least 100 positions.
V Air, a low-cost carrier unit of Taiwan's TransAsia Airways, said Friday that it will launch a new route to Macau on April 10, its third international destination after Thailand's Bangkok and Chiang Mai.
Gasoline and diesel prices in Taiwan are likely to rise next week in reflection of rebounding international crude prices amid a geopolitical crisis, market sources said Friday.
Taiwan is interested in joining the Beijing-backed Asian Infrastructure Investment Bank (AIIB) but will not accept conditions that downgrade its status, the Ministry of Foreign Affairs (MOFA) said yesterday.
Taiwan “should actively take part instead of staying on the sidelines” of the ongoing initiative to set up the Asian Infrastructure Investment Bank (AIIB), an international financial institution proposed by China, President Ma Ying-jeou said in an interview published Friday.