CROSSING THE STRAIT: Local media have speculated that Fubon Bank (Hong Kong) Ltd has already struck a deal to buy a 20 percent stake in Xiamen City Commercial Bank
By Joyce Huang
Fubon Financial Holding Co (富邦金控), the nation's second-largest financial services company by market value, yesterday gave a thumbs-up to the Cabinet's decision to relax restrictions on local banks' China-bound investments and said it hoped to become the first Taiwanese bank to enter the Chinese market.

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By Joyce Huang and Kevin Chen
Political uncertainty surrounding the presidential election is keeping foreign capital away from the local stock market, a UK-based fund manager in Taipei said yesterday.

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By Rich Chang
Prosecutors and investigators yesterday raided two memory chipmakers, Powerchip Semiconductor Corp (力晶半導體) and Macronix International Corp (旺宏電子), following insider trading allegations.

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BRANCHING OUT: In a collaboration with the nation's largest distributor Synnex, HTC is looking to triple its number of retail outlets to 15,000 this year
By Lisa Wang
High Tech Computer Corp (HTC, 宏達電), the world's largest maker of handsets running Microsoft Corp's operating system, aims to double its unit sales in the Asia-Pacific region this year by enlarging its retail network, a company executive said yesterday.

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By Jerry Lin
State-owned CPC Corp, Taiwan (CPC, 台灣中油) estimates its losses will increase to NT$42 billion (US$1.37 billion) by the end of June if the government continues its freeze on fuel prices, a company executive said yesterday.

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RETURN: Business confidence in the country languished under the junta-backed government, but now the baht, climbing 6.9 percent this year, is at its highest in a decade
While former Thai prime minister Thaksin Shinawatra insists he's done with politics, he isn't done advising politicians what to do.

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Chronic corruption in China, Vietnam and India could erode their economic competitiveness if they fail to reduce it, warned a report released yesterday.

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By Jerry Lin
Despite soaring international wheat prices, the Taiwan Flour Mills Association (台灣麵粉公會) promised yesterday to maintain wheat purchasing prices unchanged for a month starting from tomorrow, on the back of the government's elimination of the 5 percent business tax on commodity prices.

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Shares follow Wall Street rise
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