China Steel's pre-tax loss shrank in first quarter
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[Taipei Times] - By Kevin Chen / Staff reporter China Steel Corp (中鋼) yesterday said its pre-tax loss narrowed sharply in the first quarter, helped by higher investment gains and surging sales last month. Pre-tax losses totaled NT$978 million (US$ million) in
MediaTek gets the green light to buy Swedish company
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[Taipei Times] - By Kevin Chen / Staff reporter MediaTek Inc (聯發科), the nation's biggest handset chip supplier, said yesterday its board approved a plan to acquire a Swedish wireless communications firm to increase its product lineup. The Hsinchu-based company said
MediaTek reports seven-month record for sales
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[Taipei Times] - By Kevin Chen / Staff reporter MediaTek Inc (聯發科), the nation's biggest handset chip designer, yesterday said its sales last month rose to their highest level in seven months, with first-quarter revenue meeting an earlier forecast.
Quanta Q1 revenue dropped, Wistron overtakes Compal
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[Taipei Times] - By Kevin Chen / Staff reporter Quanta Computer Inc (廣達), the world's largest maker of notebook computers, yesterday said first-quarter revenue declined 24 percent from the previous quarter and was percent lower than a year earlier
Retail fuel prices to drop
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[Taipei Times] - By Kevin Chen / Staff reporter Domestic gasoline and diesel prices will be cut by NT$0.1 per liter this week, the nation's two refiners announced yesterday, a week after they raised retail fuel prices by almost 10 percent on average, the largest price
Chimei likely to swing into profit, Credit Suisse says
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[Taipei Times] - By Kevin Chen / Staff reporter Chimei Innolux Corp (奇美電子), the nation's top LCD panel maker, is likely to swing into profit in the fourth quarter because of a pricing recovery, continued cost reductions and seasonal demand, Credit Suisse said.
China Development Financial plans to buy big stake in KGI Securities
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[Taipei Times] - By Kevin Chen / Staff reporter China Development Financial Holding Co (中華開發金控) yesterday announced plans to acquire between billion and billion common shares, or between percent and 100 percent, of KGI Securities Co (凱基證券) on
China Steel may return to profit in second quarter
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[Taipei Times] - By Kevin Chen / Staff reporter Rising orders from downstream industries for the next two months are likely to help China Steel Corp (中鋼) swing to profit in the second quarter, company officials said yesterday. The Greater Kaohsiung-based company has
Formosa Plastics posts a 67.8% plummet in profits
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[Taipei Times] - By Kevin Chen / Staff reporter Formosa Plastics Corp (台塑), the nation's largest maker of polyvinyl chloride, yesterday said its pretax profits dropped percent from a year earlier because of declining sales and falling petrochemical prices amid
Forex reserves fall by US$555 million
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[Taipei Times] - By Kevin Chen / Staff reporter The nation's foreign exchange reserves dropped by US$555 million last month from February, bringing total reserves to US$ billion, the central bank said in a statement yesterday. Taiwan remained the world's
SAS agrees to take over Covalent's wafer operations
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[Taipei Times] - By Kevin Chen / Staff reporter Taiwanese solar wafer maker Sino-American Silicon Products Inc (SAS, 中美晶) yesterday said it had reached an agreement with Covalent Materials Corp to complete the transfer of the Japanese firm's silicon wafer business
Powertech Technology to halve cash dividend
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[Taipei Times] - By Kevin Chen / Staff reporter Powertech Technology Inc (力成), which provides packaging and testing services for memory chipmakers, said yesterday it planned to halve its cash dividend payout this year, after its board decided to book a loss of
Transport, utilities firms intend to hire more: poll
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[Taipei Times] - By Kevin Chen / Staff Reporter Taiwanese employers in the transportation and utilities sectors showed the strongest intention among six major industries to increase hiring in the coming quarter, a survey released yesterday by ManpowerGroup showed.
E United mulls joint plant with JFE Steel in Vietnam
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[Taipei Times] - By Kevin Chen / Staff reporter E United Group (義聯集團), one of the nation's leading conglomerates, said yesterday it would undertake a joint feasibility study with Japan's JFE Steel Corp to build a steel plant in Vietnam.
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