MORTGAGE WORRIES: About 34% of respondents to a survey said they would approach multiple lenders to pay for a home, while 29.2% said they would ask family for help
New housing projects in Taiwan’s six special municipalities, as well as Hsinchu city and county, are projected to total NT$710.65 billion (US$23.61 billion) in the upcoming fall sales season, a record 30 percent decrease from a year earlier, as tighter mortgage rules prompt developers to pull back,
Oracle Corp is among a consortium of firms that would enable TikTok to continue operations in the US if a framework deal between the US and China is finalized, CBS News reported on Monday.Reuters could not immediately confirm the report.The precise structure of the deal was not clear, the report sai
MediaTek Inc (聯發科), Taiwan’s largest chip designer, yesterday said that it has adopted Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) advanced 2-nanometer process to build its next flagship system-on-a-chip (SoC).The SoC has completed the tape-out stage, in which the final design is sent for ma
The high-stakes showdown between US President Donald Trump’s administration and the US central bank intensified on Monday as an appeals court blocked the White House from removing US Federal Reserve Governor Lisa Cook from her post for now.The divided court in Washington affirmed that Cook can conti
National Palace Museum director Hsiao Tsung-huang, left, and Chiayi County Commissioner Wen Chang-liang hold placards at a news conference at the museum’s southern branch in Taibao City yesterday, to promote products cobranded with the museum and Chiayi County ahead of the Mid-Autumn Festival. The p
AI DEMAND: Demand proved far stronger than expected, offsetting the impact of tariffs and prompting an upward revision to GDP growth, Cathay’s research team said
Cathay Financial Holding Co (國泰金控) yesterday sharply raised its forecast for Taiwan’s economic growth this year to 4.5 percent, up from a previous estimate of 2.8 percent, citing stronger-than-expected exports driven by front-loading activity and sustained demand for artificial intelligence (AI) com
TRADE AGREEMENT: The Chinese side views TikTok negotiations as part of wider US-China trade discussions, the US treasury secretary said
The US and China are close to reaching an agreement on social media platform TikTok, but a deal could hinge on Chinese demands for trade concessions, US Secretary of the Treasury Scott Bessent said yesterday before entering a second day of talks in Madrid.The US and China delegations are discussing
Micro-Star International Co (MSI, 微星科技) is expanding notebook computer production in India after partnering with Indian electronics maker Syrma SGS Technology Ltd late last year, as the Taiwanese company seeks to tap into the local market.MSI also plans to manufacture some of its new gaming PCs powe
China yesterday said that an investigation found US chip giant Nvidia Corp had run afoul of the country’s antitrust rules, and vowed an additional probe just after trade talks between Beijing and Washington entered a second day.“Following a preliminary investigation, it has been determined that Nvid
Taiwan’s life insurers look set to lift their currency hedging from near record lows in an attempt to shield overseas assets from further swings in the New Taiwan dollar.Insurers hold more than US$700 billion of foreign currency assets, making them a key source of demand for bonds issued overseas, b
Investments in fixed assets in Taiwan’s manufacturing sector rose 28.1 percent in the second quarter as semiconductor suppliers moved to expand production, the Ministry of Economic Affairs (MOEA) said in a report issued on Wednesday last week.Manufacturers’ fixed asset investments, which refer to fu
Peeled persimmons are pictured at a processing factory in Chiayi County’s Fanlu Township yesterday as farmers prepare to dry the fruit and make them into persimmon cakes. Persimmon is the township’s largest crop and is in season from September to November, but this year’s harvest is only 40 percent
NO BREAKTHROUGH? More substantial ‘deliverables,’ such as tariff reductions, would likely be saved for a meeting between Trump and Xi later this year, a trade expert said
China launched two probes targeting the US semiconductor sector on Saturday ahead of talks between the two nations in Spain this week on trade, national security and the ownership of social media platform TikTok.China’s Ministry of Commerce announced an anti-dumping investigation into certain analog
The US on Friday penalized two Chinese firms that acquired US chipmaking equipment for China’s top chipmaker, Semiconductor Manufacturing International Corp (SMIC, 中芯國際), including them among 32 entities that were added to the US Department of Commerce’s restricted trade list, a US government postin
Gasoline and diesel prices are to fall NT$0.1 per liter this week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday, despite global crude oil prices rising amid volatile trading last week.Gasoline prices at CPC and Formosa stations are to fall to NT$27.3, NT$28.8 and NT$3
PERSONNEL CHANGES: Markets would be monitoring division with the potential arrival of a new governor, as the Fed usually votes almost in unison, an expert said
The US Federal Reserve is widely expected to make its first interest rate cut of the year at its policy meeting this week, spurred by a weakening jobs market — but political tension looms over the gathering.The Fed’s likely move would follow a monthslong push from US President Donald Trump to slash
British Prime Minister Keir Starmer hailed plans by US finance firms, including PayPal Inc and Citigroup Inc, to invest ￡1.25 billion (US$1.7 billion) in the UK, which were announced days ahead of US President Donald Trump’s state visit.The investments by leading US companies, which also include Ban
Team Goodlife pulls in a competition among charity teams to pull a 30,360kg, 75m Porter Airlines aircraft to raise support for patients making long-distance medical trips, at Billy Bishop Toronto City Airport in Toronto, Canada, on Saturday.
India’s ban of online money-based games could drive addicts to unregulated apps and offshore platforms that pose new financial and social risks, fantasy-sports gaming experts say. Indian Prime Minister Narendra Modi’s government banned real-money online games late last month, citing financial losses
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