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Friday, May 22, 2015
Australian Treasurer Joe Hockey said Thursday his government will not set up a parliamentary inquiry into the massive iron ore sector following discussions with regulatory bodies and industry players.
Thursday, May 21, 2015
Auto parts company Iron Force Industrial Co. (劍麟) said yesterday that air bags received from Takata Corp. have no safety issues in the midst of the largest vehicle recall in the United States due to the Japanese merchant's defective air bags.
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.
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Wednesday, May 20, 2015
Japan economy picks up pace in wobbly recovery
Japan's economy grew more than expected in the first three months of the year, data showed Wednesday, as it crawls back from a brief recession, but observers cautioned that a strong recovery may still be some way off.
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