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Nanya Technology profit up 56%

By Lisa Wang

DRAM chipmaker Nanya Technology Corp (南亞科技) yesterday said that its second-quarter net profit rose 56 percent sequentially, as higher prices and increased output drove gross margins to a historical high. Net earnings soared to NT$11.3 billion (US$370.3 million) in the quarter ending June 30, compared withFULL STORY

Special zone for solar power set up in Changhua

By Kuo Chia-erh

The Ministry of Economic Affairs yesterday announced the establishment of a special zone for solar power developers at the Changhua Coastal Industrial Park (彰濱工業區), as part of the government’s plan to promote renewable energy. With an installed power capacity of 320 megawatts, the 347-hectare site wouldFULL STORY

Telecoms set their sights on expiring 3G contracts

By Lisa Wang

With 3G licenses set to expire at the end of this year, local telecoms are offering affordable tariffs and subsidies to encourage 3G subscribers to migrate to 4G services. As of June 30, the nation’s four telecoms still have a combined 2.43 million 3G users, downFULL STORY

Little room for US dollar appreciation: bank

By Crystal Hsu

There is limited room for the US dollar to rise further, as currency markets have mostly priced in US economic growth and interest rate hikes by the US Federal Reserve, the local branch of Standard Chartered Bank said yesterday. The Asia-focused British bank expects the globalFULL STORY

Formosa Plastics Group raises wages by 4% from July

Formosa Plastics Group (FPG, 台塑集團), one of the nation’s leading conglomerates, yesterday said it was raising wages by 4 percent starting this month. The wage hike is equivalent to an average pay increase of about NT$2,100 (US$68.82) per month, and with a workforce of 33,000, itFULL STORY

Citibank Taiwan touts Apple Pay’s security feature

By Crystal Hsu

Citibank Taiwan Ltd (花旗台灣銀行) yesterday announced that its credit card customers could pay for services and goods using Apple Pay, as more people turn to digital transactions. Apple Pay, a mobile payment and digital wallet service developed by US technology giant Apple Inc, allows customers furtherFULL STORY

Telecoms shift strategy after ZTE ban

The US trade ban on Chinese telecom equipment maker ZTE (中興通訊) wreaked havoc at wireless carriers in Europe and South Asia and forced operators worldwide to consider broadening their supply networks, industry sources said. Disruptions at Russian and emerging markets mobile operator Veon, one of theFULL STORY

Netflix shares fall as subscriber numbers disappoint

Netflix is adding subscribers at a slower pace than envisioned, renewing fears that its growth might sputter as the video streaming service tries to fend off fiercer competition. The numbers released on Monday mark a rare letdown for a company that has enthralled investors with itsFULL STORY

Indian ministry wants duty on Chinese solar products

The Indian Ministry of Commerce and Industry on Monday recommended imposing a 25 percent duty on imports of solar cells and modules from China for one year to try to counter what it sees as a threat to domestic solar equipment manufacturing. Falling prices of solarFULL STORY

CFA Institute adds crypto, blockchain topics to exam

It might be the definitive sign that cryptocurrencies have arrived on Wall Street. CFA Institute, whose grueling three-level program has helped train more than 150,000 financial professionals, is adding topics on cryptocurrencies and blockchain to its Level I and II curriculums for the first time nextFULL STORY

World Business Quick Take

AUTOMAKERS BMW may invest in CATL BMW AG is the first overseas automaker to get a potential toehold in Chinese electric-car battery maker Contemporary Amperex Technology Co (CATL, 宇德時代), obtaining the right to make an equity investment of as much as 2.85 billion yuan (US$427 million) forFULL STORY

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