TOP PICKS: The financial services firm expects corporate PC replacement demand to boost the Asian technology sector, with Taiwanese manufacturers leading the way
By Lisa Wang
Sustained growth prompted Credit Suisse to list local electronics giants Hon Hai Precision Industry Co (鴻海精密), AU Optronics Corp (友達光電) and Powerchip Semiconductor Corp (力晶半導體) among its favorite investment targets, the investment bank said yesterday.

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The Ministry of Economic Affairs yesterday publicly destroyed hazardous Chinese-made toys to demonstrate its determination to crack down on substandard products in the hope of better protecting children's health and safety.

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By Jessie Ho
British clothing and food retailer Marks & Spencer said yesterday that it would enter the Taipei market by opening its first store in the city's Zhongxiao business district tomorrow and another in Xinyi District next Thursday.

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BANKING: The bank hopes to enhance its capital adequacy ratio by selling a stake of between 36 percent and 40 percent to the two foreign private equity investment firms
By Kevin Chen
Ta Chong Bank (大眾銀行), the nation's fifth-biggest cash card issuer by lending balance, yesterday said its board approved cash injection plans by Carlyle Group and private equity fund Corsair Capital LLC through a private placement.

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MARKET IMPACT: The Mori building will add around half the amount of new space that Shanghai requires every year, but that hasn't dented rental ambitions
Mori Building Co, Japan's biggest private developer, signed its first tenants for China's tallest skyscraper and is asking rents 40 percent higher than Shanghai's priciest, underlining demand for offices in the nation's financial center.

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The European Central Bank (ECB) warned yesterday that inflation still threatened the eurozone but said it wanted more data on financial market uncertainty before deciding whether to raise interest rates.

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LG.Philips LCD Co, the world's second-largest maker of liquid-crystal screens, was awarded additional damages in a patent lawsuit it won last year against Chunghwa Picture Tubes Ltd (中華映管).

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Former Vice Premier Tsai Ing-wen (蔡英文) and AIDS research pioneer David Ho (何大一) will lead a new biotech company that will be jointly owned by the government and private investors to speed up the research and development of AIDS drugs, the nation's top economic planner said yesterday.

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Wall Street, oil hurt shares
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