Saturday, August 30, 2014
The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.005 to close at the day's high of NT$29.970 as the greenback recouped its earlier losses on the back of local central bank intervention, dealers said.
Jih Sun International Commercial Bank (日盛國際商銀), the banking arm of Taiwan-based Jih Sun Financial Holding Co. (日盛金控), opened a representative office in Hong Kong Friday, establishing its first overseas foothold.
Friday, August 29, 2014
Acer Inc. (宏碁) said Thursday it has established a venture capital fund to seek out long-term investments that will strengthen its technology development and promise good financial returns.
The Financial Supervisory Commission (FSC, 金管會), Taiwan's top financial regulator, expects the number of small businesses registered on the local incubation board to hit 300 in four years.
The board of directors of Taiwan's United Microelectronics Corp. (UMC, 聯電), the world's No. 3 contract chipmaker, on Thursday approved a plan to form a chip production joint venture with Japan's Fujitsu Semiconductor Ltd.
Taiwan's Asustek Computer Inc. (華碩科技) said Thursday that it is aiming to be the top smartphone maker in the local market for the rest of the year as the company will boost its inventory from September.
With growing competition in the 4G market, Chunghwa Telecom (CHT, 中華電信) yesterday announced its new 4G data plan deals, increasing allowed data use while lowering prices, hoping to attract more customers.
Asustek Computer (華碩電腦) was unseated by Lenovo Group (聯想集團) as the world's third largest tablet vendor in the second quarter, according to the International Data Corporation (IDC) Taiwan.
Shares in Taiwan closed little changed Thursday as investors locked in gains they built up a session earlier amid fears over a possible technical pullback, with the index moving closer to the 9,500-point mark, dealers said.
The U.S. dollar fell against the Taiwan dollar Thursday, shedding NT$0.020 to close at NT$29.965 as foreign funds kept flowing into the country, boosting demand for the local currency, dealers said.