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Saturday, December 20, 2014
The U.S. dollar rose against the New Taiwan dollar Friday, gaining NT$0.022 to close at NT$31.472 as traders reacted to the weakness of the Japanese yen by cutting their holdings in the local currency, dealers said.
Siliconware Precision Industries Co., one of Taiwan's leading integrated circuit packaging and testing services providers, has budgeted NT$14.5 billion (US$462 million) in capital expenditure (capex) for 2015.
Stan Shih (施振榮), founder and honorary chairman of Taiwan's Acer Inc. (宏碁), said Wednesday that the PC maker is showing signs of regaining its growth momentum, thanks to its organizational restructuring.
Friday, December 19, 2014
Cathay Life Insurance Co. (國泰人壽), the flagship company of Taiwan-based Cathay Financial Holding Co. (國泰金), has agreed to acquire a 20-percent stake in Rizal Commercial Banking Corp. (RCBC) of the Philippines.
The Central Bank of the Republic of China said Thursday that it has decided not to change its key interest rates, after concluding its quarterly policymaking meeting.
Third-party payment providers will have to fork out NT$10 billion in funds if they want to establish themselves as electronic banks, said Financial Supervisory Commission (FSC) Chairman Tseng Ming-chung (曾銘宗) yesterday.
Shares in Taiwan staged a rebound Thursday as investors, encouraged by gains on Wall Street overnight, bought into the local bellwether electronics sector, dealers said.
Shares of Motech Industries Inc. (茂迪) extended momentum Thursday morning after the U.S. government cut an anti-dumping tariff in a final ruling against Taiwanese solar product exporters, dealers said.
The bellwether electronics sector staged a technical rebound Thursday morning as investors were encouraged by the gains posted by high-tech stocks in the U.S. market overnight, dealers said.
The U.S. dollar rose against the Taiwan dollar Thursday, gaining NT$0.093 to close at the day's high of NT$31.450 on hopes that the U.S. Federal Reserve will stay on track to kick off an interest rate hike cycle in mid-2015, dealers said.
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