LIQUIDITY PROBLEM: The retailer said it was looking for a buyer but denied media reports it was planning to shut down its store, saying it still had NT$2 billion in assets
By Joyce Huang
Sunrise Department Store (中興百貨) promised to redeem NT$2.5 million (US$77,400) in vouchers in circulation should the store's concessionaires refuse to honor the vouchers, a company executive said yesterday.

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EQUITY INVESTMENT: The FSC dismissed concerns that the government may have to take over should the capital injection fail to make it to the deadline
By Joyce Huang
A planned capital injection of NT$29.7 billion (US$900 million) by US private equity firm SAC Private Capital Group LLC and General Electric Co (GE) to take up a major stake at financially troubled Cosmos Bank (萬泰銀行) will be delayed until the end of next month, the financial regulator said yesterday.

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By Kevin Chen
President Chain Store Corp (統一超商) yesterday signed an agreement with Rakuten Inc, Japan's largest Internet shopping mall operator, to form a NT$174 million (US$5.39 million) online shopping venture in Taiwan.

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By Jerry Lin
Rivals Yahoo-Kimo Inc (雅虎奇摩) and PChome Online Inc (網路家庭) yesterday welcomed the formation of a new venture by President Chain Store Corp (統一超商) and Rakuten Inc, saying the entry of a global player would help boost the local market.

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By Lisa Wang
Far EasTone Telecommunications Co (遠傳電信), the nation's third-largest mobile service operator, yesterday said that its pre-tax income may contract nearly 4 percent sequentially this quarter given pricing pressure in a saturated market.

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EAST, NOT WEST: Malaysian and Singaporean cash is also set to gain as central banks seek to shore up against inflation. One strategist predicted up to 10 percent gains
Selling the US dollar against a basket of currencies from Malaysia, Singapore and Taiwan is the top trade for next year, as Asian central banks allow faster currency appreciation to offset price pressures, according to Goldman Sachs (GS).

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Far Eastern Group (遠東集團), the owner of Taiwan's biggest textile company with holdings in shipping, banking and mobile phones, plans to sell shares of its China cement subsidiary and a retail unit on the Hong Kong exchange next year.

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US chipmaker Advanced Micro Devices (AMD) said yesterday that microchip prices will remain under pressure as it battles to return to profitability after posting four consecutive quarterly losses.

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Shares rise as investors cheer

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