Friday, July 25, 2014
Shares of TransAsia Airways (復興航空), a mid-sized Taiwanese international carrier, came under pressure Thursday morning after one of its turboprop planes crashed on the outlying island county of Penghu a day earlier, killing 48 and leaving 10 injured, dealers said.
Shares in Taiwan closed 0.29 percent higher at 9,527.54 as the financial sector attracted rotational buying while the U.S. dollar gained NT$0.017 to close at the day's high of NT$30.052.
Thursday, July 24, 2014
Operations of Taiwanese tire makers will not be adversely impacted by the U.S. duties probe into tires imported from China since those companies can diffuse risk by allocating orders to factories elsewhere, local media said.
While the labor unions of state-owned banks consider staging a strike, the Financial Supervisory Commission (FSC) warn that state-owned banks are obliged to provide non-stop financial services according to regulations.
The Chinese-made smartphone Redmi Note (紅米Note) was recently revealed by a Hong Kong cellphone forum to automatically connect to a mainland Chinese server unbeknownst to users, prompting various concerns regarding personal information being leaked to the communist government.
Brokerage CLSA Ltd. has raised its price target for shares of industrial computer supplier Advantech Co. (研華科技) to NT$270 (US$9.02) from NT$210 after the company forged a robotics alliance with machine tool manufacturer Hiwin Technologies Corp. (上銀科技).
Local business revenues totaled NT$1.2337 trillion in June, representing a 4.1-percent growth, and marked the 10th consecutive month of growth, according to a report released by the Ministry of Economic Affairs (MOEA) yesterday.
Most department stores in Taiwan decided to open their doors a few hours later than normal on Wednesday as many parts of the island were still feeling the effects of Typhoon Matmo.
The strong growth in Taiwan's vehicle sales and production has recently prompted a research firm to upgrade its full-year growth forecast to 8.5 percent, from the previous minus 1.8 percent.1 Comment
Taiwan's Acer Inc. (宏碁股份) replaced local rival Asustek Computer Inc. (華碩電腦) as the fourth-largest personal computer vendor in the Asia-Pacific region in the second quarter of 2014, according to research firm IDC.