Wednesday, December 4, 2013
Shares in Taiwan closed down at under 8,400 points Tuesday as investors locked in the gains they had built in the past few sessions, taking cues from a pullback on Wall Street overnight, dealers said.
I've lived in New York, Boston and Houston. For the past five years, Hong Kong has been my home. All are great cities but when it comes to public transportation, Hong Kong wins the prize hands down. In fact, we've been spoiled here in Hong Kong with MTR trains that are fast, clean and frequent. I normally don't have to wait more than three minutes for the next train.
Australia's central bank held interest rates at their record 2.50-percent low Tuesday, saying the effects of earlier cuts had still to be fully felt.
Tuesday, December 3, 2013
China has fallen off the top of a list of Japan Inc.'s favored investment destinations for the first time in more than two decades because of higher labor costs and bilateral tensions, a survey said., 1 Comment
Chinese manufacturing barely expanded in November, growing at about the same rate as the previous month, two surveys showed in further evidence that the world's No. 2 economy is undergoing a sluggish recovery.
Taiwan's manufacturing purchasing managers' index (PMI) registered 52 points in November, up 0.4 points from October, according to a report released by the Chung-Hua Institution for Economic Research (CIER, 中經院) yesterday.
Gemtek (正文) yesterday reported discouraging operating results for the first three quarters of the current year, accumulating consolidated revenues of NT$15.689 billion on average profit margins of 12 percent, while yielding a net income of NT$406 million and earnings of NT$1.32 per share.
China's top negotiator on Monday visited Cecilia Koo, widow of the first chairman of the Straits Exchange Foundation, and said he expects the signing of Taiwan-China trade-in-goods agreement in the first half of 2014.
The U.S. dollar fell against the New Taiwan dollar Monday, shedding NT$0.043 to close at NT$29.636 amid improving sentiment toward the regional economy in the wake of China's better-than-expected manufacturing activity, dealers said.
China-based mobile company Xiaomi launched pre-sales for Hongmi —its cheapest new phone line — on Monday, with over 10,000 orders placed in the first fifteen minutes, boding well for its venture into the Taiwanese market.