CURRENCY TRENDS: Cheng Cheng-mount told a Taipei seminar that a sliding US dollar will put pressure on the NT dollar to appreciate over the next three years
By Jessie Ho
As the US trade deficits show no signs of easing, the greenback will continue to slide against other major currencies by 15 percent to 20 percent over the next few years, a Citibank Taiwan economist told a seminar yesterday.

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By Lisa Wang
Advanced Semiconductor Engineering Inc (ASE, 日月光半導體), the world's top semiconductor testing and packaging services provider, yesterday said a fire at a plant in northern Taiwan would not cause a massive loss in orders as production will be restored soon.

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MERGER MESS: The company said SinoPac president Paul Lo and spokesman Kevin Peng could face a lawsuit over e-mails they sent investors
By Amber Chung
Taishin Financial Holding Co (台新金控) announced yesterday that it would file a lawsuit against two SinoPac Financial Holdings Co (建華金控) executives after SinoPac failed to make a clarification and apologize for providing information to foreign investors that Taishin said twisted facts.

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By Jessie Ho
The central bank may raise its key interest rates for the fourth straight quarter next month, following the US Federal Reserve's hiking its short-term federal funds rate by 25 basis points to 3 percent on Tuesday, economists said yesterday.

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By Amber Chung
Taishin Financial Holding Co (台新金控), Taiwan's eighth-largest financial-service provider by assets, yesterday reported first-quarter after-tax net income of NT$3.25 billion (US$103.9 million), or earnings of NT$0.76 per share, slightly up from NT$3.23 billion a year ago.

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STRATEGIC MOVE: Though no agreement has yet been made, the nation's second largest bank is talking to several foreign financial firms about a possible alliance
Taiwan Cooperative Bank (合作金庫銀行), the nation's second-largest lender by assets, said it's in talks to form a strategic alliance with several foreign financial institutions, including France's BNP Paribas SA. It may also sell a stake.

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Shares ended slightly lower yesterday after an interest rate hike in the US raised concerns over rising corporate borrowing costs and foreign fund outflows, analysts said.

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MEETING STANDARDS: The two countries were tops in the implementation of new standards designed to give some uniformity to how banks deal with risk
Banks in Australia and Singapore are the most advanced in the Asia-Pacific region in implementing the "Basel II" regulatory standards, a managing director of the Standard and Poor's rating agency said yesterday.

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Company sells chip testing unit
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