TAIEX soars on `catch-up' buying spree
BULL RUN:
Analysts predicted that the TAIEX is likely to surge above 8,000 in April, driven by better-than-expected high-tech sector growth in the usually slow second quarter
By Amber Chung The stock market strengthened to a monthly high yesterday, driven by a buying spree on the first trading day of the Year of the Pig to catch up with rising regional markets during the Lunar New Year holidays.
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Feature: Safety fears over essence of clam
PUBLIC CONCERN:
Seeking scientific endorsement, Taisugar has hired a research institute to examine whether its product could pose a potential health risk
By Jackie Lin A 46-year-old salaried man bought canned essence of clam to drink in the hope of strengthening his liver, which he believed had been weakened by frequent overtime at work.
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MiTAC shares advance on back of US' GPS purchase
By Jackie Lin Shares of MiTAC International Corp (神達) advanced yesterday on the company's announcement last Friday that it planned to buy the global positioning system (GPS) operations of Illinois-based Brunswick Corp.
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Cypress outsources to UMC
Cypress Semiconductor Corp of the US said yesterday it had chosen United Microelectronics Corp (UMC, 聯電), the world's second-largest contract microchip manufacturer, to be among its primary foundry partners for its new static random access memory (SRAM) products.
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Auto plant to be built in India
JOINT VENTURE:
In an effort to compete with rivals Toyota and Honda, Nissan and Renault hope to turn out 400,000 cars a year seven years after the start of production
Japanese automaker Nissan joined on Monday a venture by French partner Renault to build a US$902 million plant in India, seeking to compete with rivals Toyota and Honda for a slice of a booming car market.
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Indian coffee growers look to domestic market
Indian coffee growers, who export three-quarters of their produce, are starting to look to the home market to ensure their future, as the beverage wins fans in the nation of tea drinkers.
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Business Briefs
■ Jih Sun to sell shares
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