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Tuesday, August 25, 2015
Cabinet rushes to lift TAIEX after biggest single-day drop on record
The Cabinet scrambled yesterday to lift shares after TAIEX reeled at the open and shed nearly 7.5 percent, or 583.5 points, within 90 minutes of trading to mark its biggest single-day drop on record.
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Taiwan's industrial automation suppliers are notable beneficiaries of an aggressive global push to upgrade manufacturing, according to research by a U.S.-based brokerage.
The Supreme Court ruled yesterday that a former senior director at Taiwan Semiconductor Manufacturing Company (TSMC, 台積電) cannot work for rival company Samsung in any way before the end of this year, over concerns about revealing trade secrets to the competitor.
With the help of GPS navigation, technology based on the Internet of Things (IOT), a self-driving car will no longer be a pipe dream, and there are many more possibilities, according to technology and management scholars.
A plunge on the local equity market in recent sessions posted massive losses for investors, market statistics showed . According to the data, equity investors in Taiwan have lost more than NT$200,000 on average so far this month.
Asustek Computer Inc. (華碩), a Taiwan-based PC vendor, said Saturday that it sold 12,000 units of its second generation ZenFone smartphone series in Brazil in just 20 hours after it was released there.
The unemployment rate in July dropped 0.2 percentage points from last year to 3.82 percent, the lowest for the month in 15 years, the Directorate General of Budget, Accounting and Statistics (DGBAS, 主計處) reported yesterday.
Solar energy shareholders expressed concern about the possible impact of the downturn in oil prices and the tumble that Taiwan stocks took yesterday on their industry, despite a broadly positive outlook among investors.
For those recent graduates who have successfully landed a job, an average of 66 resumes had to be sent out before receiving an offer, according to a survey released on Monday by an online human resource agency.
Taiwan External Trade Development Council (TAITRA, 外協), Taiwan's main trade promotion body, signed an agreement with the Rhode Island Commerce Corporation yesterday to deepen cooperation in trade and investment development.
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