Saturday, July 19, 2014
China's president pressed a charm offensive with Latin America on Thursday, signing deals with Brazil, meeting regional leaders and proposing a US$20 billion infrastructure fund that highlights Beijing's growing interests in the region.
Shares in Taiwan on Friday ended down 7.27 points, or 0.07 percent, at 9,400.97, while the U.S. dollar gained NT$0.005 to close at NT$30.051 in Taipei.
Friday, July 18, 2014
The Taiwan High Court yesterday dealt heavy sentences to Chang Pen-tsao (張平沼), former chairman of the General Chamber of Commerce of the R.O.C. (ROCCOC, 商總), and his wife Chen Shu-chu (陳淑珠) for breach of trust violations as stipulated under the Securities and Exchange Act (證交法).
Shares in Taiwan extended losses Thursday from a session earlier, as heavy selling in Taiwan Semiconductor Manufacturing Co. (TSMC,台積電) led the broader market to trend lower, dealers said.
The U.S. dollar fell against the Taiwan dollar Thursday, shedding NT$0.026 to close at NT$30.046 as traders were encouraged by the strength of other regional currencies, in particular the South Korean won and the Chinese yuan, dealers said.
Thursday, July 17, 2014
Chinese growth accelerated to a forecast-beating 7.5 percent in the second quarter, official data showed Wednesday, as government stimulus provided a much-needed boost to the world's second-largest economy.
Results of a survey released Wednesday show that only 9 percent of respondents thought the benchmark weighted index on the Taiwan Stock Exchange will breach the 10,000-point mark by the end of this year even though the local market has posted strong gains so far this year.
Up to 19 units in luxury apartment complex Modesty Home (謙岳), located in New Taipei City, were sold at a price tag of over NT$100 million, the latest transaction data shows.
The U.S. dollar rose against the Taiwan dollar Wednesday, gaining NT$0.030 to close at the day's high of NT$30.072 after Taiwan's central bank helped the greenback fend off selling pressure.