Wed, Aug 25, 2010 - Page 11 News List

[ BUSINESS BRIEFS ]

STAFF WRITER, WITH AGENCIES

TAIEX down slightly

The TAIEX closed down 0.44 percent yesterday on profit-taking following gains made in the previous session, but selling was limited as rises in China’s markets encouraged some buying momentum, dealers said.

The TAIEX closed down 35.29 points at the day’s low of 7,940.64, off a high of 7,990.49, on turnover of NT$130.85 billion (US$4.10 billion).

The index opened up 7.69 points on follow-through buying, but pressure emerged immediately as investors sought to lock in recent gains because of weakness on Wall Street overnight, dealers said.

A total of 1,360 stocks closed up, 2,338 finished lower and 274 remained unchanged.

FSC says it bans foreign help

The Financial Supervisory Commission (FSC) bans foreign financial institutions from helping people in Taiwan open deposit accounts abroad, it said in a statement on its Web site yesterday.

Overseas accounts are not insured by the deposit guarantee program, the commission said.

Nanya details equipment buy

Nanya Technology Corp (南亞科技) bought NT$780 million of equipment from Dec. 31 last year to yesterday, the Taoyuan-based company said in a statement made to the Taiwan Stock Exchange yesterday.

The nation’s second-largest memory chipmaker did not name the supplier.

CPC, Taiwan plans bond sale

CPC Corp, Taiwan (台灣中油) plans to sell as much as NT$16 billion in bonds in three tranches in an auction to raise working capital, CPC vice president Paul Chen (陳綠蔚) said by telephone yesterday. The deadline for entering bids is Aug. 31 and the state-run company plans to set prices of the debt by Sept. 2, he said.

Meanwhile, Chunghwa Telecom Co (中華電信), the nation’s biggest telephone company, bought NT$340.5 million in corporate bonds issued by state-owned Taiwan Power Co (台電), the ­Taipei-based company said in an exchange filing yesterday.

NT drops against greenback

The New Taiwan dollar fell against the US dollar yesterday, declining NT$0.112 to close at NT$32.080.

The NT dollar’s losses accelerated in the last five minutes of local trading as the central bank bought the US dollar to boost the nation’s export competitiveness, a person familiar with the matter who declined to be identified said.

The NT dollar is “relatively stable,” the central bank said in a faxed statement yesterday, after the local currency fell 0.35 percent against its US counterpart. Turnover totaled US$760 million during the trading session.

Tencent buys Comsenz

Chinese Internet company Tencent Holdings (騰訊) has bought Google-backed Chinese social networking firm Comsenz for more than US$60 million, the companies and a media report said.

Tencent, based in the boomtown of Shenzhen, will seek to link accounts from Comsenz’s Discuz! platform to its popular instant messaging service QQ, the firms said in a statement.

Carrefour sues Chinese imitator

French retail chain Carrefour is suing a Chinese company for allegedly using its blue logo on supermarket signs, shopping bags and price tags, Xinhua news agency said yesterday.

Carrefour accuses Anhui Jiale Supermarket Chain Co (安徽家樂超市連鎖) and its subsidiaries of trademark infringement for using the French chain’s Chinese name, Jialefu, at supermarkets in Fuyang city in Anhui Province, Xinhua said.

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