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Saturday, November 29, 2014
Domestic gasoline prices could fall NT$0.2 (US$0.006) per liter next week after international crude oil prices plunged to a new low in more than four years, market sources said Friday.
New businesses often need bursaries as a launch pad, but traditional industries have also been able to use the money for new research and development (R&D) opportunities to revive their businesses.
Taiwanese smartphone maker HTC Corp (宏達電). on Friday announced new variants in its mid-tier Desire series, in an effort to appeal to mainstream consumers.
Taiwan and China are set to hold negotiations in mid December on technical issues concerning merchandise trade in four major industry sectors producing machine tools, flat panels, automobiles and petrochemicals, officials from the Ministry of Economic Affairs (MOEA) said Friday.
Citibank Taiwan (花旗) yesterday announced that more than NT$100 billion of foreign capital is expected to be attracted into the local equity market, following the regulators' approval for domestic com to issue level 1 American depositary receipt (ADR).
Caught in a trade war between mainland China and the United States, most local solar cell makers saw their third-quarter bottom lines slip into negative territories as Chinese panel customers turned around seek, cheaper home-made cells.
Share prices of local airlines and shipping companies took flight in heavy trading Friday morning on the back of a plunge in international crude oil prices overnight after the Organization of the Petroleum Exporting Countries (OPEC) announced that it will leave oil production levels unchanged, dealers said.
Taiwanese manufacturers in China have become less willing to step up investments in China, with the growth of investments in Taiwan outpaced those in China for the first time for years.
The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.088 to close at the day's high of NT$31.053 in reflection of the greenback's strength against other currencies in the region, dealers said.
Shares in Taiwan closed higher Friday but turnover remained thin amid lingering cautious sentiment ahead of Taiwan's local government elections on Saturday, dealers said.
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