THE ONLY WAY IS UP: While some electronics manufacturers were expected see the light at the end of the tunnel, computer memory chipmakers may have to wait longer
By Lisa Wang
Losses for Asian contract chipmakers are expected to even out this quarter, largely helped by improving inventories, and some blue-chips may rebound in share price, investment bank Merrill Lynch & Co said yesterday.

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By Kevin Chen
Citigroup said it remained upbeat about the prospects for Taiwanese banks, despite several local financial heavyweights having come under pressure from global credit concerns.

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Goldman Sachs Group Inc, the world's largest investment bank, yesterday reported a stronger performance in asset management and commodities, pushing first-quarter results well above Wall Street projections.

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By Joyce Huang
The managing committee of the Cabinet's National Development Fund (國發基金) yesterday approved a total investment of NT$3.215 billion (US$104.67 million) in five venture capital startups.

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SHORT-TERM COMMITMENT: While the Government Information Office said Charles Chiang was appointed to the FSC, the commission was unaware of any change
By Joyce Huang and Shih Hsiu-chuan
The Cabinet has tapped former Democratic Progressive Party (DPP) legislator Charles Chiang (江昭儀) to take up the politically appointed vice chairman's post at the Financial Supervisory Commission (FSC) -- a position left vacant since Lu Daung-yen (呂東英) was made the body's acting head in August 2006.

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ON CONTRACT: In an attempt to force agreements on annual prices, Beijing threatened to punish importers that bought Australian iron ore on the cash market
China, the world's largest buyer of iron ore, blocked BHP Billiton Ltd and Rio Tinto Group from selling the raw material on the spot market to press them to settle contract prices, research company CBI China Co said.

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Dell Inc's business is experiencing fast growth in Asia and the outlook for laptop computers is bright, chief executive officer Michael Dell said yesterday.

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Sales of asset-backed securities and other structured bonds in China, Hong Kong and Taiwan are likely to rise slowly this year, hamstrung by the global credit market rout, Moody's Investors Service said.

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TAIEX rises slightly
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