FINANCIAL SERVICES: Fubon is not in a hurry to invest across the Strait and instead sees build its brand as an important element of profitability
By Joyce Huang
For banking businesses, building up branding strategies is more important than branching into Chinese markets, Daniel Tsai (蔡明忠), vice chairman of Fubon Financial Holding Co (富邦金控), the nation's second-biggest financial services company, said yesterday.

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Taiwan and the US will resume talks on a Trade and Investment Framework Agreement (TIFA) in Washington next Monday and Tuesday, a statement released by the Ministry of Economic Affairs said.

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OUTLOOK: Revenues may remain flat next year or expand only slightly, but the outlook could worsen if factory usage continues to fall, researcher IDC said
By Lisa Wang
Global contract chipmakers, led by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), may see slim revenue growth next year due to an industry slowdown and inventory build-up, market researcher IDC said yesterday.

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By Jackie Lin
The nation's fourth-largest credit card issuer, Union Bank of Taiwan (聯邦銀行), yesterday announced a strategic alliance with Taipei First Credit Cooperative (台北一信) to issue its smaller partner's co-branded credit cards.

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China Steel Corp (中鋼), the nation's biggest steelmaker, said it is raising prices for domestic customers due to strong demand from electronic appliance makers, automobile companies and shipbuilders.

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FRANKENFISH: Taikong Corp raved about the new genetically modified fish, which it says will be a hit in the China market. But environmentalists are worried
A Taiwanese company, which has earned global fame with its transgenic fish, has updated its product line with a new species which glows fluorescent gold in the dark, raising concerns among environmentalists.

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Stocks fell yesterday as investors turned negative on companies sensitive to the strengthening Taiwan dollar and on a gloomy technology sector outlook, analysts said.

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The New Taiwan dollar continued its rise yesterday, gaining NT$0.148 to end at NT$32.239 against the US dollar that hit a four-year high on the Taipei foreign exchange market on a weakening greenback.

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Money supply expands
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