Reported 9 months ago
On June 26, 2024, Minister of Economic Affairs Guo Zhihui led a delegation of Taiwan business leaders to the US to participate in the SelectUSA event. During meetings with US government officials, important associations, industry stakeholders, and congress members, they advocated for swift legislation of the 'Taiwan-US Avoidance of Double Taxation Agreement (ADTA)' and also conveyed the Taiwanese business sector's desire to expand and extend tax deduction benefits. Minister of Finance Zhuang Cuiyun also expressed efforts to promote ADTA in the Legislative Yuan, emphasizing ongoing communication and commitment post-US election. Officials on both sides are optimistic about the legislation's potential to attract more Taiwanese businesses to invest in the US, benefiting from reduced tax burdens and US government support.
Source: YAHOO
Reported 9 months ago
In the past, institutional investors dominated the subscription of a bond ETF, but with ETF investing becoming popular, particularly in U.S. bond ETFs attracting middle-class financial planning with signals of U.S. rate cuts, the number of individual beneficiaries of domestic bond ETFs surged by 8.7 times from January last year to now, while institutional beneficiaries increased by 2.2 times. The structure of beneficiaries changed notably as retail investors flooded into bond ETFs, with the total number of beneficiaries growing from 17.56 thousand individuals and 2,293 institutions in January last year to 170.39 thousand individuals and 7,422 institutions by the end of May this year, marking an 8.7 times and 2.2 times increase respectively.
Source: YAHOO
Reported 9 months ago
Following Shanghai, Guangzhou, and Shenzhen, Beijing announced on June 26, 2024, the relaxation of housing policies to complete the puzzle for first-tier cities by lowering down payment rates. The down payment for the first property was reduced from 30% to 20%, along with a decrease in loan interest rates adjusted to 3.5% for the first property. With expectations in the market, Beijing finally followed suit. The minimum down payment rate for the first property was reduced from 30% to 20%, while for the second property, it is divided into within and outside the Fifth Ring Road with minimum rates of 35% and 30% respectively. Loan interest rates were also adjusted accordingly, providing relief and benefits to potential homebuyers and families with multiple children.
Source: YAHOO
Reported 9 months ago
South Korea's industry, government, and academia all praise the 'Taiwanese model' for semiconductor development, acknowledging Taiwan's comprehensive technology industry structure thanks to leaders like Li Kuo-ting and Sun Yun-suan. These figures from Taiwan have influenced not only South Korea but also mainland China, with their innovative economic and technological approaches serving as models for development. As global economies look for leaders like Li and Sun, it prompts the question in Taiwan: where are our next visionaries?
Source: YAHOO
Reported 9 months ago
On June 26, 2024, the Bank for International Settlements (BIS) recommended in its latest report that central banks around the world should leverage the advantages of artificial intelligence (AI) to assist in predicting economic and financial market trends. While AI should aid in analyzing data, the report emphasized that AI technology should not replace human judgment when formulating interest rate policies. The BIS report highlighted the significant impact AI will have on financial systems, labor markets, productivity, and economic growth.
Source: YAHOO
Reported 9 months ago
Under Shindah Group, Konica Minolta's Kangtai Technology recently released the new generation Konica Minolta AccurioPress C84hc wide color gamut digital printing equipment. With high saturation, high color rendering, and unique toner technology, it provides finer color reproduction suitable for photography, graphic design, and creative industries. The C84hc features wide color gamut toner technology that can reproduce colors close to RGB display on screens, overcoming traditional CMYK color limitations, especially suitable for accurate color reproduction in fashion catalogs and product photos. The equipment also incorporates AI technology for color monitoring and correction, simplifying processes, reducing manpower, and supporting ESG goals with energy management and eco-friendly consumables, promoting sustainable development in the printing industry and facilitating digital transformation.
Source: YAHOO
Reported 9 months ago
In Taipei on June 26, 2024, at 4:10 PM, Powerchip Technology is assisting Tata Group in constructing India's first 12-inch wafer fab, set to commence construction this year. Powerchip Technology is actively participating in overseas markets and exhibitions, collaborating with Tata Group has opened up new market opportunities. With its advanced technology, including WoW wafer stacking and TSV for heterogeneous integration, Powerchip aims to provide cost-effective AI chip solutions. This collaboration not only enhances their visibility in the North American market but also positions Powerchip for long-term growth and partnerships with startups and established companies.
Source: YAHOO
Reported 9 months ago
Chunghwa Telecom announces a price reduction for 1G and 2G super high-speed broadband internet services starting from July 1. They introduce a new non-fixed 1G/1G symmetric home broadband plan with a promotional total monthly fee of 1,299 yuan, cheaper than the existing 1G/600M plan. The company, with about 68% market share, aims to increase the adoption of speeds above 300Mbps. In addition, Chunghwa Telecom will implement speed limits for exceeding daily data usage for personal and commercial broadband users utilizing 1G symmetric and 2G/1G rates, marking the first-ever speed limitation for broadband users in Taiwan.
Source: YAHOO
Reported 9 months ago
On June 26, 2024, Wang Yuwen, a lawyer at Grandall International Law Firm, pointed out the risks companies face when presenting visions in sustainability reports to stakeholders, aiming to provide insights into future business developments. While listed companies in Taiwan have been following the Financial Supervisory Commission's sustainability action plan since 2023, many unlisted champions also publish sustainability reports to meet global trends and stakeholder demands. However, discrepancies between future aspirations and current obligations in these reports can expose companies to legal risks, urging a thorough risk assessment and action plan implementation based on the SDGs' 17 goals to avoid misinterpretations of company responsibilities.
Source: YAHOO
Reported 9 months ago
On June 26, 2024, Exxon Mobil, a US energy giant, stated that the world's demand for lithium far surpasses current production levels. Rumors of closing out some mainland lithium carbonate futures hedging positions caused a strengthening of bullish forces, leading to a collective surge in mainland lithium mining stocks and futures targets. The main 2407 contract of mainland lithium carbonate futures rose over 6% during trading, closing up 5.11% at RMB 92,600 per ton. Major mainland lithium industry player Tianqi Lithium led the surge in lithium mining stocks, with Tianqi Lithium's mainland and Hong Kong stocks both rising over 6%. Other lithium mining stocks also saw significant gains, with Rongjie Stock surging to the daily limit, and China Minmetals, Tibet Jiuzhi, and Ganfeng Lithium rising by 8.32%, 8.04%, and 7.59% respectively.
Source: YAHOO
Reported 9 months ago
Fuhua Electronics under Tatung Group, along with several domestic companies, formed a strategic alliance to advance Taiwan's presence in international forest carbon credits. Fuhua has developed a forest in Indonesia's West Seram Island, with an area of 144,000 hectares, and is registered with the largest U.S. carbon credit issuance institution, Verra. The alliance signed a carbon credit cooperation memorandum, and other member companies include Jia Ge Foods, Shuangxi Construction, Sanyang Industries, China Steel, Front Wind Power, and Hwa Seung Electronics. Fuhua focuses on carbon credit development and management, benefiting local communities through forest conservation agreements and promoting local economies, biodiversity, and poverty alleviation.
Source: YAHOO
Reported 9 months ago
International manufacturers establishing factories in Taiwan in June 26, 2024, brought demand for green energy procurement, benefiting electricity sales companies. Following inquiries about green energy procurement from Nvidia, Yunbao Energy, Hongde Energy, and Senwei Energy collectively surged to daily limit, with companies stating that demand for green energy far exceeds supply, expecting sales related to electricity to grow significantly this year. With large-scale data centers planned by Nvidia and Apple in Taiwan also procuring green energy, major electricity providers are directly benefiting. Companies in the green energy sector are experiencing increased demand due to inquiries from various clients, making the already insufficient supply of green energy even more in demand.
Source: YAHOO
Reported 9 months ago
On June 26, 2024, the Taiwan stock market experienced high-level volatility. Under the new president's one-month reign, funds vigorously defended the bull market, with green energy and biotech policies leading the charge. The index of listed environmental protection stocks surged by 4.38%, reaching a historical high, while biotech medical stocks also rose by 4.25%. The focus on policy stocks in green energy and biotech sectors has propelled the market forward, with various companies reaching new heights in stock prices. Despite recent tugging between bullish and bearish forces at high levels, strong support from local investors and financial institutions has helped Taiwan's stock market soar by 1,728 points. Green energy and biotech stocks have seen significant gains due to seasonal factors, AI-driven electricity demand, biotech advancements, and the resurgence of the COVID-19 pandemic, leading to a recent surge in performance and index levels.
Source: YAHOO
Reported 9 months ago
Two years after dropping out of Harvard, students founded the startup Etched, which successfully raised $120 million and aims to have Taiwan Semiconductor Manufacturing Company (TSMC) produce more affordable artificial intelligence (AI) chips. Etched is challenging Nvidia's leading position. The company's funding round was led by Primary Venture Partners and Positive Sum Ventures, with investors including legendary figures such as Stanley Druckenmiller and notable tech investor and PayPal co-founder Peter Thiel. Headquartered in Silicon Valley, Etched is developing a chip named Sohu, utilizing the 'Transformer' for training and deploying AI models, similar to OpenAI's ChatGPT core architecture. Despite not being as powerful as Nvidia's general-purpose GPU, Sohu is faster on dedicated tasks by over 10 times, with lower costs and energy consumption. Etched believes that one Sohu server can replace 160 H100 GPUs, providing a more cost-effective, efficient, and environmentally friendly option for businesses in need of custom chips. The company's operational director expressed excitement about their endeavors, emphasizing why they chose to drop out and attract talented individuals.
Source: YAHOO
Reported 9 months ago
According to the recent positive news in the electric vehicle market, related sectors have seen an uptrend, leading to a surge in three overseas stock-type electric vehicle ETFs in Taiwan: Cathay Smart Car (00893), Shin Kong S&P Electric Car (00925), and Fubon Future Car (00895), with gains ranking in the top three among overseas stock ETFs on the 26th, rising between 2.4% and 2.9% in a single day. Tesla, the leader in the US electric car market, is expected to announce second-quarter delivery data next week, boosting market optimism. Additionally, Ford announced a $5 billion investment in electric vehicle startup Rivian, causing Rivian's stock to jump more than 50% after hours and driving related concept stock prices. Fund managers are optimistic about the long-term growth trend of electric vehicles, with expectations for increased affordable electric vehicle models and global sales momentum towards fully autonomous driving.
Source: YAHOO
Reported 9 months ago
Wistron, a major player in AI data center battle, has strategically invested in Elementum to strengthen its position in AI high-speed computing vertical integration. Through acquiring a 25% stake in Elementum with an investment of over 490 million NT dollars, Wistron aims to enhance its competitiveness in the AI server field from component production to complete data center system assembly, expanding its business model to provide end-to-end AI server solutions. Elementum's expertise in data center liquid cooling solutions has attracted collaborations with server supply chains, aiming to enter the international market. This move is expected to significantly boost Wistron's profitability and secure its position in the competitive AI market.
Source: YAHOO
Reported 9 months ago
Real estate tycoon Grant Cardone has shown support for former President Donald Trump's plan to assume executive control of the Federal Reserve, criticizing Fed Chair Jerome Powell and highlighting concerns about the central bank's impact on the American economy. Cardone's endorsement comes in the midst of a proposal by Trump's allies to subject Fed policies to White House review, potentially allowing the president to influence interest rate decisions.
Source: YAHOO
Reported 9 months ago
An insider reveals that Miranda Lambert has warned her husband, Brendan McLoughlin, about 'embarrassing her' after he was seen in a video showing PDA with other women at her bar in Nashville. The source mentions that Miranda takes their marriage seriously and is upset about Brendan's behavior, considering his past infidelity. While Miranda trusts Brendan, his actions at the bar have caused embarrassment, leading to speculation and discussions in town. Both Miranda and Brendan have not commented on the matter publicly.
Source: YAHOO
Reported 9 months ago
Creepy Nuts’ viral hip-hop hit 'Bling-Bang-Bang-Born' maintains its 19th week at the top of the Billboard Japan Hot 100, with IS:SUE’s new release 'CONNECT' debuting at No. 2. 'Bling-Bang-Bang-Born' ranks high in various categories like downloads, streaming, video views, and karaoke, inching closer to the all-time record for most weeks at No. 1. IS:SUE's debut track, 'CONNECT,' took the second spot with strong CD sales and radio performance. Other notable entries include JEONGHAN X WONWOO’s 'Last night (Guitar by Park Juwon)' and Mrs. GREEN APPLE’s 'Lilac.'
Source: YAHOO
Reported 9 months ago
Moderna股票下跌，因公司表示其新批准的RSV疫苗在18個月後僅約50%有效。Yahoo Finance的Anjalee Khemlani分析了疫苗的效力以及與競爭對手GSK和Pfizer的類似疫苗相比較。想獲得更多專家見解和最新市場動向，請點擊這裡觀看完整的Market Domination Overtime節目。
Source: YAHOO
Reported 9 months ago
Following destructive storms in the Midwest, such as in South Sioux City, Nebraska, where Rick Satterwhite had to pump water out of his basement due to flooding from the Missouri River, many residents are realizing the importance of flood insurance. However, data shows that only about 26,500 flood insurance policies have been issued across the flooded states of Nebraska, South Dakota, Iowa, and Minnesota. The lack of insurance can lead to financial burdens on homeowners and increased reliance on nonprofits and government assistance, especially as climate change exacerbates flood risks.
Source: YAHOO
Reported 9 months ago
Shares of Nikola, an electric heavy truck maker, surged as much as 16% in early trading due to positive news in the EV sector, including a large investment in fellow EV maker Rivian by Volkswagen. Despite initial gains, Nikola's stock price decreased, but still closed 3.4% higher. Nikola recently underwent a reverse stock split to maintain its Nasdaq listing, but investors should remain cautious as the company still faces challenges in securing financial stability. The article advises caution before investing in Nikola.
Source: YAHOO
Reported 9 months ago
The US House Ways and Means Committee is set to vote on a proposal allowing Medicare to cover GLP-1 weight-loss drugs like Novo Nordisk's Wegovy and Eli Lily's Zepbound. The bill aims to amend part of the Treat and Reduce Obesity Act of 2023 by providing continued coverage under Medicare for seniors who have been on obesity drugs for at least one year before enrolling in Medicare, excluding those overweight with related diseases. The vote scheduled for tomorrow marks a significant milestone for the long-waited bill, with both companies lobbying for its passage. The congressional budget office will estimate Medicare's cost implications if the bill is approved.
Source: YAHOO
Reported 9 months ago
Nike stock dropped 11% in after-hours trading as the company announced expectations of a mid-single-digit revenue decline in 2025, with a projected 10% decrease in the first quarter. Despite exceeding earnings expectations, Nike's fourth-quarter revenue fell 2% from the previous year to $12.61 billion, below analysts' estimates. The company's efforts to boost sales growth amidst a challenging year for the stock have yet to yield significant results, with concerns raised over weakening growth and management patience wearing thin among investors.
Source: YAHOO