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Friday, November 14, 2014
Cathay Financial Holding Co. (國泰金控), one of Taiwan's leading financial holding companies, has decided to acquire U.S.-based asset management firm Conning Holdings Corp. to fully bring the U.S. company under its corporate umbrella.
Local financial regulators recently authorized Taiwan-listed companies to participate in the issuance of non-capital-raising depository receipts (Level-1 ADR) that are traded in over-the-counter markets overseas.
CTBC Financial Holding recently posted earnings per share (EPS) of NT$2.44 for the year to September, saying that it is optimistic about Taiwan's economy in 2015 and its own prospects.
The U.S. dollar rose against the New Taiwan dollar Thursday, gaining NT$0.002 to close at the day's high of NT$30.752 as the local central bank continued its intervention to vault the greenback sharply from its earlier losses, dealers said.
Shares in Taiwan bounced back Thursday from a plunge the previous day, as local suppliers to Apple Inc. benefited from bargain hunting, dealers said.
Thursday, November 13, 2014
Taiwan will never try to offset the adverse impact of a free trade agreement (FTA) between China and South Korea, by devaluing its currency, central bank chief Perng Fai-nan (彭淮南) said Wednesday.
Facing the pressure that will result from the soon-to be signed China-South Korea free trade agreement (FTA), a senior Ministry of Economic Affairs (MOEA) official said Wednesday that the ministry hopes negotiations between Taiwan and China on a trade-in-goods pact can be accelerated.
A concert called “Songs of the century — a night of classic oldies” (時代之歌 — 懷念金曲演唱會) celebrating pop music of the past at National Dr. Sun Ya-sen Memorial Hall (國父紀念館) was cancelled yesterday 10 minutes before the show started due to the smell of dioxin filling the venue; the fire department was unable to pinpoint the source of the smell.
MediaTek Inc. (聯發科) Chairman Tsai Ming-kai (蔡明介) was again selected by Harvard Business Review (HBR) as one of the best-performing CEOs in the world this year, becoming the only Taiwanese entrepreneur to make the top-100 rankings.
Taiwan's Asustek Computer Inc. (華碩) said yesterday that its third-quarter net income hit the highest level of the past six quarters, due in part to better-than-expected shipments of smartphones.
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