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Thursday, February 4, 2016
Strong earnings in North America and China and a reversal of fortunes in Europe powered General Motors to a record net profit of USUS$9.7 billion last year.
A Chinese state-owned chemical maker offered to buy Swiss pesticide giant Syngenta for US$43 billion in what would be the biggest-ever foreign acquisition by a mainland Chinese company.
The U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.128 to close at the day's high of NT$33.808 in reflection of a looming foreign fund exodus, marking the fourth consecutive session in which the U.S. currency moved higher here, dealers said.
 > Taiwan
Equity investors in Taiwan suffered average losses of almost NT$410,000 (US$12,130) during the Year of the Goat, amid concerns over a slowing global economy and volatility in global financial markets, according to statistics released Wednesday.
 > Taiwan
Taiwan's Investment Commission on Wednesday gave Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) approval to build its first 12-inch wafer fab in mainland China.
 > Taiwan
Taiwan's financial regulator said that it would roll out measures to maintain market stability and draft a white paper for President-elect Tsai Ing-wen by May 20.
 > Taiwan
Shares in Taiwan closed lower Wednesday as investors grew more concerned over possible further volatility in global markets, particularly after Wall Street took a beating and international oil prices plunged overnight, dealers said.
 > Taiwan
The Executive Yuan said Wednesday that it cannot guarantee whether a mass rapid transit (MRT) line between Taipei and the country's main airport will be inaugurated before May 20, when President-elect Tsai Ing-wen (蔡英文) is set to assume office.
 > Taiwan
Taiwan was ranked fifth in the 2015 BlackRock Sovereign Risk Index (BSRI), up one notch from a year earlier, according to a report released Tuesday by investment risk analysis firm BlackRock Investment Institute.
 > Taiwan
The Chinese Professional Baseball League (CPBL) invited China Airlines (CAL), Taiwan's largest air carrier, to form a fifth professional baseball team in Taiwan.
 > Taiwan
  
  
  
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