TAIEX rebounds 0.8 percent
The TAIEX staged a technical rebound yesterday, recovering from a steep decline in the previous session, as concern over the debt situation in the eurozone eased to some extent after debt-ridden Italy’s bond auction sent yields slightly lower, dealers said.
Despite the advance, turnover remained thin, capping gains for market heavyweights, as investors sat on the sidelines amid lingering concern over the global economic outlook, they said.
The weighted index closed up 58.61 points, or 0.8 percent, at 7,367.29, on turnover of NT$83.55 billion (US$2.77 billion).
Chunghwa sets 1.5m goal
Chunghwa Telecom Co (中華電信), the nation’s biggest telecoms operator, said on Thursday that it aimed to increase its number of Internet TV subscribers by 50 percent to 1.5 million next year after hitting the 1 million mark last month.
The company currently provides 133 channels, including 41 high-definition channels via its Internet TV brand, MOD.
Chunghwa Telecom said last month net income grew about 11 percent to NT$4.1 billion, from NT$3.69 billion in September, while revenues edged up only 0.1 percent to NT$15.79 billion from NT$15.78 billion.
Intel to buy Insyde bonds
Intel Corp signed an agreement to buy Insyde Software Corp’s (系微) convertible bonds in a private placement, the Taipei-based company said in a statement to the stock exchange yesterday.
Insyde will issue NT$300 million of 3.5 year unsecured bonds to boost working capital, the statement said. It did not give details of Intel’s purchase.
Taiwan wants to join TPP
Government officials on Thursday expressed the nation’s strong desire to join the Trans-Pacific Partnership Agreement (TPP) and received positive reactions from the bloc’s member countries that were attending an APEC senior officials’ meeting in Hawaii.
Bureau of Foreign Trade Director-General Cho Shih-chao (卓士昭) said the Taiwanese delegation at the APEC meeting talked with officials from key members of the TPP, including the US, about the interest in the free-trade agreement, and received positive reactions.
He did not elaborate.
Polysilicon borrows NT$10.7bn
Taiwan Polysilicon Corp (福聚太陽能), which manufactures and supplies polysilicon for solar cell production, signed NT$10.7 billion in loans due in November 2016, according to data compiled by Bloomberg.
Proceeds will be used to refinance debt and the loan should be repaid in nine equal annual installments starting 12 months from the first drawdown date, the data show.
Taiwan Power sells bonds
Taiwan Power Co (台電) sold NT$17.9 billion of bonds in three tranches, the company said in an e-mailed statement yesterday.
The state-run company will pay 1.32 percent annual interest on the NT$7.5 billion five-year debt priced yesterday, 1.46 percent on the NT$2.9 billion seven-year notes and 1.58 percent on NT$7.5 billion 10-year bonds, it said.
NT dollar rises slightly
The New Taiwan dollar rose NT$0.074 against the US dollar yesterday to close at NT$30.188, as currencies in the region staged a rebound, led by a recovering euro, dealers said.
Turnover was US$612 million.
Sentiment toward the euro improved as the 10-year government bond yield in debt-ridden Italy fell below the psychological threshold of 7 percent after Rome successfully auctioned off a batch of new bonds overnight, dealers said.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
BIG BUCKS: Chairman Wei is expected to receive NT$34.12 million on a proposed NT$5 cash dividend plan, while the National Development Fund would get NT$8.27 billion Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday announced that its board of directors approved US$15.25 billion in capital appropriations for long-term expansion to meet growing demand. The funds are to be used for installing advanced technology and packaging capacity, expanding mature and specialty technology, and constructing fabs with facility systems, TSMC said in a statement. The board also approved a proposal to distribute a NT$5 cash dividend per share, based on first-quarter earnings per share of NT$13.94, it said. That surpasses the NT$4.50 dividend for the fourth quarter of last year. TSMC has said that while it is eager
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
RSS