Fri, Apr 13, 2007 - Page 11 News List

Business Briefs

AGENCIES

TAIEX recoups early losses

Shares closed little changed yesterday, as local interest in high-dividend yielding companies supported the market against Wall Street's overnight fall, dealers said.

The market had recouped early losses on renewed worries about interest rate hikes after minutes of the US Federal Reserve's recent meeting indicated it is not ruling out tightening measures to curb inflation, they said.

The TAIEX closed down 9.25 points or 0.11 percent at 8,075.20, on turnover of NT$107.97 billion (US$3.27 billion). Gainers led decliners 637 to 467, with 211 stocks unchanged.

CEPD to promote health plan

The Council for Economic Plan-ning and Development (CEPD) will introduce its globalization project for Taiwan's medical services to 15 multinational insurance companies later this month, a council spokesman said yesterday.

The council hopes to attract more foreigners to come here for medical treatment with the help of these multinational insurance companies, including American Life Insurance Co.

The council is targeting US and British residents, as statistics show that nearly 47 million Americans lack medical insurance and 30 million do not have sufficient health care insurance and that the British medical system makes patients wait for long periods of time to receive treatment.

NT dollar dips

The New Taiwan dollar traded lower against the greenback yesterday, declining NT$0.01 to close at NT$33.105 on the Taipei Forex Inc. Turnover was US$1.093 billion.

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