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Business And Finance

FPG denies involvement in alleged US fraud

The China Post November 18, 2011 TAIPEI — Formosa Plastics Corp., one of Taiwan’s leading petrochemical manufacturers, said Thursday the company and its subsidiary in the U.S. have no involvement in fraud lawsuits filed by a group of U.S. state and local governments. In the litigation, some state and local governments in the U.S....
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Credit Suisse to exit Taiwan

iol.co.za November 18, 2011 Swiss banking giant Credit Suisse plans to close its only bank branch in Taiwan amid the deepening eurozone debt crisis, reports said Thursday. The move entails shutting down the bank’s fixed-income operations but it will continue to offer brokerage services, said the state Central News Agency, citing Financial Supervisory Commission...
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Taiwan’s China Steel seeks to defer, cut shipments

– Seeks to defer or cut iron ore, coking coal shipments from major suppliers – In talks with BHP, Rio Tinto, Vale, Australia coking-coal miners – Analysts say talks indicate demand subdued until early 2012 MarketWatch Novemvber 17, 2011 By Fanny Liu TAIPEI (MarketWatch) — Taiwan’s China Steel Corp. has been actively seeking to...
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Taiwan source forecasts mass exit from tablet biz

Amazon, Apple only players by 2013. Apparently reghardware.com 17th November 2011 By Tony Smith PC companies will begin to exit the tablet market in 2012, it has been claimed. The notion, put forward by “sources from upstream supply chain” cited by DigiTimes, is that Acer, Asus, Dell, HP and others will “gradually phase...
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Investors ditch TWD for safer US-based assets

The China Post November 14, 2011 The China Post news staff–The New Taiwan dollar last week depreciated 0.54 percent, in line with declines in other major Asian currencies as investors took shelter in U.S. dollar-based assets amid concerns over the European debt crisis.    
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