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Thursday, January 22, 2015
Shares in Taiwan closed up Wednesday above 9,300 points as foreign institutional investors bought in the spot market in a bid to make profits in the futures market, dealers said.
The Bank of Japan (BOJ) on Wednesday slashed its inflation outlook as plunging oil prices dent efforts to slay deflation, but policymakers boosted their growth forecasts and said the economy was rebounding.
Wednesday, January 21, 2015
China's economy grew at its weakest for almost a quarter of a century in 2014, official data showed Tuesday, with authorities describing slower expansion as the “new normal” and analysts tipping further deceleration this year.
FDA denies Hsinchu allegation, calls vegetable oil on shelves safe to consume: FDA
The Food and Drug Administration (FDA) denied the allegation made by the Hsinchu City Government yesterday that vegetable oil products on Taiwan store shelves contain exceedingly high levels of trans fat and heavy metal chromium.
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CAL gets CAA award for aviation excellence
The Ministry of Transportation and Communications' Civil Aeronautics Administration (CAA, 民用航空局) yesterday presented China Airlines (中華航空) and Mandarin Airlines (華信航空) with awards for aviation distinction in 2014.
Six Chinese companies were on a 2014 list of the world's top-10 smartphones brands in terms of shipments, but HTC (宏達電) of Taiwan was not included, according to a Taipei-based market research firm.
Foreign orders grew 6.7 percent to reach a record US$472.81 billion in 2014, the Ministry of Economic Affairs (MOEA) announced yesterday. In addition, orders placed for information and communication technology (ICT) products, electronics products and machinery all hit a new record last year.
Taiwan needs 'smart life': Premier Mao
Premier Mao Chi-kuo (毛治國) yesterday announced his expectations that Taiwan will grow from a “smart city” into a “smart life.”
Asian stocks and foreign exchange markets are expected to achieve a growth of 10 percent this year and surpass 2014 levels, according to analysis by Amundi Asset Management (東方匯理資產管理) Director Leon Goldfield. Goldfield believes that among industries riding growth, South Korean, Chinese and Taiwanese electronics firms will outperform all other sectors.
The U.S. dollar rose against the New Taiwan dollar Tuesday, gaining NT$0.144 to close at the day's high of NT$31.696 as traders took cues from weaknesses in regional currencies to cut their holdings in the local currency, dealers said.
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