BAIL OUT: Airline executives said they believed FAT still offered operating value and just needed a shot in the arm to resolve its financial problems to keep it going
By Jerry Lin
Employees of the financially troubled Far Eastern Air Transport (FAT, 遠東航空) urged the government yesterday to bail out the airline after FAT’s management team announced the suspension of its operations on Monday.

[ FULL STORY ]

DIAMOND TOUCH: HTC said it had received strong feedback from customers about its new phone, which is expected to compete with the next-generation iPhone
By Lisa Wang
High Tech Computer Corp (HTC, 宏達電), the world's top maker of Microsoft Windows-based smartphones, said yesterday that the third quarter would be a better period for the company, aided by sales of its much-anticipated new Touch series.

[ FULL STORY ]

By Joyce Huang
Global ratings agency Fitch Ratings yesterday assigned a long-term foreign currency issuer default rating (IDR) of AA- and national long-term rating of AAA to Citibank Taiwan Limited (花旗台灣商銀), a fully owned subsidiary of Citibank NA.

[ FULL STORY ]

By Kevin Chen
Analysts remained bearish on the outlook for the local auto industry after the latest report on new car sales showed a more than 40 percent decline year-on-year in the first 10 days of this month, as consumers were worried about the new administration’s fuel policy.

[ FULL STORY ]

By Joyce Huang
The nation's investor confidence index climbed 10.6 percent to a record high of 132.1 points this month, JPMorgan Asset Management Taiwan's (摩根富林明投顧) bi-monthly survey found yesterday.

[ FULL STORY ]

RECONSTRUCTION: Taiwanese firms were some of the early beneficiaries of the Sichuan earthquake, with food petrochemicals and steel shares also making solid gains
By Kevin Chen
With overnight Wall Street gains and expectations that some manufacturing sectors will benefit from post-quake reconstruction in China, share prices rose 1.81 percent to 8,989.53 points yesterday.

[ FULL STORY ]

Japan yesterday ordered a British hedge fund to drop plans to double its stake in the country's top power wholesaler or face punishment under a national security law, a government official said.

[ FULL STORY ]

If gasoline stations use empty oil tanks or other unauthorized containers to hoard petroleum products, they face fines of up to NT$500,000 (US$1,640), the Bureau of Energy warned yesterday.

[ FULL STORY ]

TSMC to buy back shares
[ FULL STORY ]