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Saturday, October 18, 2014
The Federal Supreme Court of Switzerland has ruled in favor of freezing the bank accounts of Andrew Wang (汪傳浦), the Taiwanese arms broker implicated in a corruption scandal dating back to the 1991 procurement of Lafayette-class frigates from France, Taiwan said Friday.
Although smartphone camera lens supplier Largan (大立光) Precision Co. reported better-than-expected earnings for the third quarter on Thursday, its share price faced heavy downward pressure on the local main board throughout Friday trading, dealers said.
Kiribati has admitted to some problems in its internal management of aid funds received from Taiwan earlier this year and has promised to soon explain what has happened to the money, Taiwan's Ministry of Foreign Affairs said late Thursday.
Taishin International Bank (台新銀行) recently became the first bank in Taiwan to concurrently team up with four third-party payment service providers, as the bank readies itself to make headway in the payment business.
Asustek Computer (華碩電腦) recently posted better-than-expected consolidated revenues of NT$123.93 billion for the third quarter, a 17.8-percent sequential growth rate and a 4.13-percent increase from the same quarter in 2013.
Having seen sales impacted by U.S. anti-dumping measures, Solartech Energy (昇陽光電) and Tainergy Tech (太極能源) are currently expanding their overseas capacities in Malaysia and Vietnam, respectively.
The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.011 to close at NT$30.421, as foreign investors moved their funds out of the country, pushing up demand for the U.S. currency, dealers said.
Shares in Taiwan, and especially high-tech heavyweights, took a beating Friday amid investor fears of volatility in global equity markets and lingering food safety concerns at home, dealers said.
A department store yesterday announced brisk sales on its annual promotional discount, as consumers load up kitchen and cooking products during its annual promotional sales drive season that kicked off on Thursday.
Friday, October 17, 2014
Taiwan -- Ting Hsin leaving Taiwan oil market
Ting Hsin International Group (頂新國際集團) announced yesterday afternoon that it will leave Taiwan's oil market and donate NT$3 billion toward food safety under the supervision of a third party — Ruentex Financial Group (潤泰集團) Chairman Samuel Yin (尹衍樑).
  
  
  
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