TAIEX falls on Bernanke speech
Stock prices pulled back yesterday amid lingering concern over the global economy, in particular after US Federal Reserve Chairman Ben Bernanke gave a gloomy assessment of the US’ economic fundamentals at a senate hearing, dealers said.
US chipmaker Intel Corp’s cutting of its revenue estimates for this year, citing weakening demand for PCs in the US and Europe, also jolted investors and placed the tech sector under pressure, they said.
The weighted index closed down 77.95 points, or 1.09 percent, at 7,049.05, after moving between 7,046.09 and 7,132.65, on turnover of NT$55.46 billion (US$1.85 billion).
CAL to lease three new planes
China Airlines Ltd (CAL, 中華航空), the nation’s largest carrier, said yesterday it had entered into a leasing agreement with International Lease Finance Corp (ILFC), a wholly owned subsidiary of American International Group Inc, on three new Boeing 737-800s.
CAL said in a statement it expects to receive these aircraft in the second quarter of next year to improve its services for customers.
ILFC said in the same statement that it aimed to support its Asia-Pacific customers after establishing new offices in Singapore and Beijing recently.
AUO panels eco-efficient
Flat-panel maker AU Optronics Corp (AUO, 友達光電) said on Tuesday two of its panel products have gained the world’s first verification for eco-efficiency launched by the International Organization for Standardization (ISO).
The 46-inch TFT-LCD TV panel and BenQ Solar’s EcoDuo PM240P00 solar panel were given the ISO 14045 verification for being energy-efficient, the company said in a press release.
BenQ Solar is a division of AUO that makes solar-powered products.
The ISO 14045 verification was introduced in May and emphasizes that corporations can include evaluations of environmental resources and protection when considering product value to further increase business performance and competitiveness.
University to work with GM
National Chung Cheng University has become the first school in Taiwan to cooperate with US automobile giant General Motors (GM), university officials said on Tuesday.
The university’s Advanced Institute of Manufacturing with High-Tech Innovations submitted a cooperation proposal to the firm on March 23 and a GM representative visited the school to discuss the plan with institute researcher Lin Yu-ting (林郁庭) on July 3.
The cooperation deal will allow students from the university to conduct research at GM for six months to one year in fields related to the development of robots, human-machine interface and virtual and green manufacturing, the university said.
China biotech experts to visit
More than 100 biotechnology specialists from China will arrive in Taiwan later this month to share their experiences in developing the Chinese market, a local biotech industry representative said yesterday.
The Chinese healthcare specialists will attend three major conferences aimed at discussing cross-strait business opportunities and challenges from Tuesday to Sunday next week, said Johnsee Lee (李鍾熙) of the Taiwan Bio Industry Organization, the organizer.
NT dollar retreats
The New Taiwan lost ground against the US dollar yesterday, declining NT$0.014 to close at NT$30.002 on turnover of US$649 million.