Global and China News

US sales of new homes fall flat during September: gov't

(Sat, 25 Oct 2014 00:01:00 +0800)

(ChinaPost.com.tw) - U.S. sales of new homes were essentially flat in September, after the government sharply revised downward what was initially an August surge in buying.

High-speed rail fares to be based on previous year's data

(Sat, 25 Oct 2014 00:01:00 +0800)

(ChinaPost.com.tw) - The Taiwan High Speed Rail's (THSR) board of directors meeting passed a proposal lowering ticket prices and changing the way fares are adjusted, in hopes of improving the company's finances.

China, 20 other countries initiate new Asian bank

(Sat, 25 Oct 2014 00:01:00 +0800)

(ChinaPost.com.tw) - China and 20 other Asian nations signed on Friday to a new Beijing-backed international bank for Asia that Washington opposes as an unnecessary rival to established institutions such as the World Bank.

IS among world's richest militant groups: US

(Sat, 25 Oct 2014 00:01:00 +0800)

(ChinaPost.com.tw) - The Islamic State (IS) has fast become one of the world's wealthiest terror groups, generating tens of millions of dollars a month from black market oil sales, ransoms and extortion, officials said Thursday.

MediaTek plays down impact of iPhone 6

(Sat, 25 Oct 2014 00:01:00 +0800)

(ChinaPost.com.tw) - Integrated circuit designer (IC) MediaTek Inc. (聯發科技) said recently that the sale of the iPhone 6 will not impact the company's performance, as its chips are utilized in budget phones that are tailored for a different market segment.

Ford Motor launches four new models onto Taiwanese market

(Sat, 25 Oct 2014 00:01:00 +0800)

(ChinaPost.com.tw) - Ford Motor Co. on Friday launched four new models featuring a new generation of green technologies at the annual Go Further Brand Summit 2014 held at A13 parking lot in Taipei's --inyi District.

Hon Hai to build display plant in China: report

(Sat, 25 Oct 2014 00:01:00 +0800)

(ChinaPost.com.tw) - Hon Hai Precision Industry Co. (鴻海精密工業), the world's largest contract electronics maker, is planning to set up a display plant in China to produce high-end screens for smartphones, according to the Wall Street Journal.

First Bitcoin company to debut on TWSE

(Sat, 25 Oct 2014 00:01:00 +0800)

(ChinaPost.com.tw) - In opposition to a nay to Bitcoin automatic teller machines (ATM), the local financial regulator greenlit the Oct. 28 public listing of Alchip Technologies (世芯科技), which specializes in Bitcoin-affiliated business.

Shares affected by negative factors: TWSE head

(Sat, 25 Oct 2014 00:01:00 +0800)

(ChinaPost.com.tw) - The chairman of the Taiwan Stock Exchange (TWSE,台灣證券交易所) said Friday that the local market has been impacted by both internal and external negative factors to trend lower on thin turnover, as many investors stayed on the sidelines.

Local market down on fears over Wall Street volatility

(Sat, 25 Oct 2014 00:01:00 +0800)

(ChinaPost.com.tw) - Shares in Taiwan fell Friday as investors feared further volatility on Wall Street after a doctor in New York who recently returned from West Africa was diagnosed with the Ebola virus, dealers said.

US dollar closes higher at NT$30.413 on Taipei forex

(Sat, 25 Oct 2014 00:01:00 +0800)

(ChinaPost.com.tw) - The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.008 to close at NT$30.413, as an improvement in the U.S. jobless claims report released overnight bolstered the greenback, dealers said.

Amazon forecasts a disappointing Christmas

(Sat, 25 Oct 2014 00:01:00 +0800)

(ChinaPost.com.tw) - It might be a blue Christmas for Amazon. The world's largest online retailer gave a disappointing forecast for the crucial holiday quarter. The company also reported a wider loss than analysts expected for the third quarter.

'Anti-Facebook' granted fresh funding

(Sat, 25 Oct 2014 00:01:00 +0800)

(ChinaPost.com.tw) - Flush with a reported US$5.5 million in fresh funding, upstart social network Ello on Thursday legally changed its corporate standing to back a promise to remain ad-free.

Comcast grows Internet customer base, sales of Web advertisements

(Sat, 25 Oct 2014 00:01:00 +0800)

(ChinaPost.com.tw) - Comcast Corp.'s third-quarter net income jumped 50 percent in the third quarter, helped by a one-time tax settlement, growth in Internet subscribers and fewer defectors from its cable service.

Toyota shares jump 1,75% on record-breaking profit report

(Sat, 25 Oct 2014 00:01:00 +0800)

(ChinaPost.com.tw) - Shares in Japanese auto giant Toyota advanced in Tokyo trade on Friday following a report it is set to book a record operating profit in the six-month period to September.

Phoenix glass making plant to be sold under new deal with Apple

(Sat, 25 Oct 2014 00:01:00 +0800)

(ChinaPost.com.tw) - Nearly 2,000 furnaces installed in a factory to make synthetic sapphire glass for Apple Inc. will be removed and sold under a deal between the tech giant and the company that had been gearing up to produce huge amounts of the product for use in Apple's products.

US$100 million Ebola pledge from Microsoft co-founder Paul Allen

(Sat, 25 Oct 2014 00:01:00 +0800)

(ChinaPost.com.tw) - Microsoft co-founder and philanthropist Paul Allen said Thursday he was boosting his donations to combat the Ebola outbreak in West Africa to US$100 million.

Global stocks rattled by Ebola case in New York

(Sat, 25 Oct 2014 00:01:00 +0800)

(ChinaPost.com.tw) - Global stock markets retreated Friday as the first case of Ebola in New York overshadowed positive economic news.

US dollar's rally fizzles in Asian market

(Sat, 25 Oct 2014 00:01:00 +0800)

(ChinaPost.com.tw) - The dollar edged down against the yen in Asia on Friday after rallying on good economic data, with the first confirmed Ebola case in New York City hitting investors' risk appetite.

Oil price resumes its slide in Asian trade as investors await EU growth

(Sat, 25 Oct 2014 00:01:00 +0800)

(ChinaPost.com.tw) - Oil prices resumed their slide in Asian trade Friday following a sharp rebound the day before as investors wait for more signs of economic growth in Europe, analysts said.

Firm involved in China's first domestic bond default to be restructured

(Sat, 25 Oct 2014 00:01:00 +0800)

(ChinaPost.com.tw) - Creditors of the firm responsible for China's first domestic bond default have approved a restructuring plan in hopes of getting their money back, in an effective bail-out seven months after the landmark event.

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