China Steel Corp raises prices
PASSING THE BUCK:
Domestic prices will rise by an average of NT$4,000 per tonne, but China Steel said that would not reflect the sharp increase in raw materials prices
By Kevin Chen China Steel Corp (中鋼), the nation's largest and only integrated steelmaker, yesterday announced it would raise domestic steel prices by an average of 19 percent for the second quarter to reflect rising raw material costs and shipping fees.
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Taiwan Rakuten Ichiba Inc to launch virtual mall in May
By Jerry Lin The online shopping venture between Rakuten Inc of Japan and President Chain Store Corp (統一超商) will commence operations in mid-May, a company executive said yesterday.
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Taiwan to organize summit with allies in Taipei next week
TALKING SHOP:
The business summit will explore opportunities for cooperation, as Taiwan is mindful of the attraction China holds for its allies
By Shih Hsiu-chuan A business summit aimed at enhancing economic ties between Taiwan and its allies in Central America and the Caribbean will be held in Taipei on Monday, officials said yesterday.
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NT dollar strength won't sink insurers, report says
By Joyce Huang Life insurers should be able to weather the NT dollar's 5 percent appreciation in the past two months, although losses incurred from overseas investments are estimated at between NT$10 billion (US$3.2 million) and NT$15 billion, Taiwan Ratings Corp (中華信評) said yesterday.
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ANALYSIS: Electronics firms hit by NT dollar appreciation
FLUCTUATIONS:
Local manufacturers are suffering as a result of the gains the local currency has made, but they have control measures in place
By Lisa Wang Local electronics manufacturers have kept a watchful eye on the NT dollar's appreciation against the currency of the US -- the country to which they export a major portion of their products.
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TSE held Dubai share sale talks, chairman says
SELLING A STAKE:
The exchange plans to sell as much as a 25 percent holding and has held talks with the New York Stock Exchange, Deutsche Boerse, the CME and NASDAQ
Taiwan's main stock market held talks on selling shares to Borse Dubai Ltd, which has been expanding with its purchases of NASDAQ OMX Group Inc and the London Stock Exchange Group PLC.
[ FULL STORY ]
Oil prices near US$106 a barrel in New York trading
Record-breaking oil prices spiked close to US$106 yesterday after the market was rattled by news of a small explosion in New York and following a surprise fall US crude stockpiles.
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GoGoPing to take over Alexander's Taichung operation
By Jerry Lin Another local enterprise has agreed to take over the operations of a Taichung outlet previously run by the Alexander Group (亞力山大集團), the owner of the debt-ridden fitness chain said yesterday.
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Business Briefs
Shares hit three-month high
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