Taiwan ranked the sixth-largest net creditor in the world last year, down one spot from 2023, in the wake of a strong showing by the local stock market, which boosted the nation’s liabilities and pushed down its net international investment position (NIIP), the central bank said on Friday.Taiwan’s e
‘GOLDEN SHARE’: The US commerce secretary said the US would have to approve the relocation of US Steel headquarters, the moving of jobs abroad or a change in its name
The partnership between US Steel Corp and Nippon Steel Corp has reached a new phase, with an agreement on US national security guarantees, in addition to the so-called “golden share” advantage obtained by US President Donald Trump’s administration.Trump on Friday evening signed an executive order ap
Gasoline prices this week are to remain unchanged from last week, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday, despite an increase in international crude prices last week.Gasoline prices at CPC and Formosa stations are to remain at NT$26.6, NT$28.1 and NT$30.1 p
The global commercial aviation fleet would stand just under 50,000 planes in 2044, with most built over the next 20 years, a Boeing Co forecast released on Saturday said.The global fleet would nearly double to 49,600, a bit below Boeing’s prior annual outlook, the company said ahead of the Paris Air
Amid heightened global economic uncertainty and rising geopolitical risks, global supply chains and trade patterns are undergoing long-term structural shifts. To help mid-sized corporates navigate these changes, Citi Commercial Bank Taiwan recently hosted two client forums, bringing together Citi ex
Peanuts are dried in the sun by a roadside in Yunlin County yesterday, as the peak harvest season arrives. The county is the nation’s largest peanut-producing region, with main production areas located in Beigang, Yuanchang, Mailiao, Lunbei, Dongshih, Huwei and Tuku townships. As many peanuts are cu
Ashton Hall’s morning routine involves dunking his head in iced Saratoga Spring Water. For the company that sells the bottled water — Hall’s brand of choice for drinking, brushing his teeth and submerging himself — that is fantastic news.“We’re so thankful to this incredible fitness influencer calle
It took a steep hike in mobile Internet tariffs to unleash a rebellion among Cuban students on a scale unseen since the 1959 revolution that brought former Cuban president Fidel Castro to power.The new pricing structure, which came into effect on May 30, punished people who exceeded their meager mon
The crash of a Boeing 787 passenger jet in India minutes after takeoff on Thursday is putting the spotlight back on a beleaguered manufacturer, although it was not immediately clear why the plane crashed.The Air India 787 went down in the northwestern city of Ahmedabad, India, with more than 240 peo
BYPASSING CHINA TARIFFS: In the first five months of this year, Foxconn sent US$4.4bn of iPhones to the US from India, compared with US$3.7bn in the whole of last year
Nearly all the iPhones exported by Foxconn Technology Group (富士康科技集團) from India went to the US between March and last month, customs data showed, far above last year’s average of 50 percent and a clear sign of Apple Inc’s efforts to bypass high US tariffs imposed on China.The numbers, being reporte
High-speed data transmission chip designer ASMedia Technology Inc (祥碩) yesterday said revenue would grow sequentially next quarter, fueled by robust upgrade demand for USB 4.0 technology and increased demand for Advanced Micro Devices Inc’s (AMD) desktop chips and motherboards.ASMedia said it expect
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) yesterday expressed a downbeat view about the prospects of humanoid robots, given high manufacturing costs and a lack of target customers.Despite rising demand and high expectations for humanoid robots, high research-and-development costs and uncerta
BANKING WOES: Shareholders were told that for every NT$1 appreciation against the US dollar, Hua Nan Commercial Bank would post NT$120 million less profit
The nation’s major financial conglomerates yesterday told their shareholders that the New Taiwan dollar’s rapid appreciation is taking a toll on their US-dollar based assets, but that the impact is manageable.Shareholders gave their go-ahead to Fubon Financial Holding Co’s (富邦金) plan to distribute a
Eurozone industry and trade took major hits in April, likely reflecting US tariffs announcements, challenging the view of economists that the bloc is holding up well in the face of economic turmoil.Industrial production fell by 2.4 percent month-on-month in April, more than the already-weak expectat
An employee works on a production line of bamboo food containers at Zhejiang Fenghui Bamboo and Wood Products Co in Anji, China, yesterday. The Chinese economy rode out the tariff roller-coaster last month even as domestic consumption likely weakened again, after a masssive government fiscal stimulu
FOREX IMPACT: Insurers would be allowed to use six-month average exchange rates when calculating their risk-based capital in their semiannual reports, the FSC said
Taiwanese regulators have moved to help the nation’s insurers deal with the impact of a recent surge in the local currency, which had left them with massive paper losses on their foreign holdings.Insurers would be allowed to use six-month average exchange rates when they calculate risk-based capital
COMPLEMENTARY: Taiwan is experienced in business collaboration and tech, while France offers research and highly educated talent, the event organizer said
Taiwan is showcasing its tech and start-up strengths at this year’s Viva Technology conference, with the Taiwan Pavilion opening its exhibition on Wednesday in Paris.The Taiwan Pavilion features 29 tech start-ups that can “solve problems in 34 industrial fields,” said Lin Der-sheng (林德生), head of th
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and the University of Tokyo (UTokyo) yesterday announced the launch of the TSMC-UTokyo Lab to promote advanced semiconductor research, education and talent development.The lab is TSMC’s first laboratory collaboration with a university outside Taiwan,
US President Donald Trump on Wednesday said that he intended to send letters to trading partners in the next one to two weeks setting unilateral tariff rates, ahead of a July 9 deadline to reimpose higher duties on dozens of economies.“We’re going to be sending letters out in about a week and a half
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