Global and China News

ECB says the banking sector is continuing to heal, slowly but surely

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - Europe's battered financial sector is showing further signs of healing as conditions for bank loans ease and demand for loans picks up, a key European Central Bank (ECB) survey showed on Wednesday.

Japan factory output posts surprise jump

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - Japan's September factory production posted its biggest rise in eight months, official data showed Wednesday, but the news failed to dispel doubts about the strength of the wider economy following a recent string of weak figures.

Summit in Berlin aims to end banking secrecy

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - The finance ministers of around 50 countries meet in Berlin on Wednesday to sign a deal they hope will put an end to banking secrecy and aid the worldwide fight against tax fraud and evasion.

Taiwanese 9th in France for tax-refundable buys

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - Taiwanese travelers were ranked in 9th place in a ranking of the tax-refundable shopping strength of international tourists visiting France, according to data released Tuesday by Global Blue, a tourism shopping tax refund company headquartered in Nyon, Switzerland.

Swiss-Taiwan workshop tackles sustainable energy

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - A Swiss delegation met with Taiwanese representatives of nonprofit organizations and businesses in Taipei to discuss ways to tackle challenges in developing sustainable energy, including how to reduce dependence on nuclear power.

AU Optronics boasts strong Q3 performance

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - LCD panel maker AU Optronics Corp.'s (AUO, 友達光電) profitability reached the highest in 17 quarters as the company's after-tax profits reached NT$7.3 billion over the third quarter.

DBS makes 1st yuan to S'pore dollar spot deal on China's interbank market

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - DBS Bank China (星展銀行中國) announced that it has completed its first renminbi (RMB) to Singapore dollar (SGD) spot deal as an official RMB-SGD market maker.

FET posts EPS of NT$2.9 for Q3, expects to meet goals for this year

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - Far EasTone (FET, 遠傳電信) recently announce earnings per share (EPS) of NT$2.9 for the third quarter, saying that it is convinced that it will meet full-year guidance.

Siliconware raises US$400 mil. in overseas funds

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - Siliconware Precision Industries Co. (矽品精密工業), one of Taiwan's leading integrated circuit packaging and testing services providers, said Wednesday that it has conducted its first overseas fund raising activity in 10 years.

Wall Street rally benefits local shares, TWSE closes above 8,900-point mark

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - Shares in Taiwan extended their momentum Wednesday to end above the 8,900-point mark as investors responded to a rally on Wall Street overnight by buying into local stocks, dealers said.

Taiwan 19th in World Bank's 'Doing Business 2015' ranking

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - Taiwan placed 19th in the World Bank's “Doing Business 2015” ranking, down one notch from a year earlier, the global financial institution said Tuesday.

US dollar dips to NT$30.376 on Taipei's foreign exchange

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - The U.S. dollar fell against the New Taiwan dollar Wednesday, shedding NT$0.022 to close at NT$30.376 as the local market steamed ahead, boosting demand for the local currency, dealers said.

Facebook shares dive as social network eyes future

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - Facebook Tuesday reported its quarterly profit nearly doubled but saw its stock pounded after outlining a plan to invest heavily in the future instead of reveling in short-term riches.

Deutsche Bank loses US$116 mil. in Q3

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - Deutsche Bank lost 92 million euros (US$116 million) in the third quarter as the bank faced ongoing financial burdens from lawsuits, new regulations and its effort to shed risky past investments.

Japan's Takata drops after US lawsuits over air-bag defect

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - Takata shares dropped in Tokyo on Wednesday after reports that the embattled Japanese auto parts maker is facing a U.S. class-action lawsuit over an air-bag defect that may have killed several drivers.

Schneider gets share boost from strong sales

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - French group Schneider, a leading international supplier of electrical equipment, reported strong growth in the third quarter on Wednesday, boosted by its acquisition of automation firm Invensys.

Shares in French drug making giant Sanofi slide after departure of boss

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - Shares in drugmaker Sanofi, France's largest company by market capitalization, fell sharply on Wednesday after it announced the departure of chief executive Christopher Viehbacher.

South Korea's SK Telecom reports 5.7% rise in third quarter net profit

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - South Korea's top wireless operator SK Telecom said Wednesday its net profit rose 5.7 percent in the third quarter, helped by the strong performance of its affiliates and new subscriptions.

LG Electronics reports third quarter profit jump of 87% from one year ago

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - LG Electronics reported Wednesday an 87 percent jump in third-quarter net profit from a year ago after profits from its mobile unit surged to a five-year high.

Air France results hit by record pilots' strike, turnover falls by 416 mil. euros

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - Air France on Wednesday said its third quarter results had taken a bashing due to a record pilots' strike, with turnover falling by 416 million euros (US$530 million).

Hitachi H1 net profit nearly triples, raises earnings forecast for full year

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - Hitachi said Wednesday its net profit for the six months to September nearly tripled to US$850 million as the Japanese giant hiked its full-year earnings forecast.

World stocks gain as focus shifts to Fed meeting

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - Global stock markets swung higher Wednesday, cheered by a surge in U.S. stocks that were buoyed by solid earnings, while investors were also waiting for signs from the Federal Reserve on U.S. monetary policy.

Dollar steady in Asia as Fed meet wraps up

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - The dollar was steady in Asia on Wednesday as traders eye the outcome of a Federal Reserve policy meeting later in the day.

Oil prices go up in Asia ahead of Fed outcome and supply report

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - Oil prices rose in Asia Wednesday as dealers await the outcome of a U.S. Federal Reserve meeting and the latest U.S. supply report.

European Union clears French and Italian budgets after changes

(Thu, 30 Oct 2014 00:00:00 +0800)

(ChinaPost.com.tw) - The European Union's head office said Tuesday it is giving the 2015 French and Italian budgets a provisional green light, saying last-minute commitments to keep deficits down kept them within limits.

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