Tag: banking

TAIPEI Fubon Financial Holding Co (2881.TW) is planning to take a cash offer for its entire stake in Delta Lloyd (DLL.AS) from NN Group (NN.AS) amid concerns about the outlook for the two Dutch insurers' merger. The move follows Delta Lloyd's agreement to ... ( read original story ...)

But analysts say the legal action by Eximbank, which falls under Taiwan's finance ministry, is likely to be a warning about the costs of forging diplomatic ties with China. Guinea Bissau and Central African Republic have withdrawn support for Taiwan since ... ( read original story ...)

Additionally, the financial subindex was also down 0.27 percent. Among actively traded shares, Taiwan's integrated steel maker China Steel slid as much as 0.59 percent. The Taiwan dollar softened T$0.034 to stand at T$30.319 to the U.S. dollar, distancing ... ( read original story ...)

This is based on Fitch's rating criteria on senior bond instruments of financial institutions. RATING SENSITIVITIES SENIOR DEBT Any rating action on Deutsche Bank could trigger a similar move on the National Long-Term Rating on DB Taipei's debt. ( read original story ...)

while the financial subindex climbed as much as 0.35 percent. Among actively traded shares, the semiconductor assembly, packaging, and testing company Powertech Tech slid up to 0.6 percent. The Taiwan dollar softened a touch to stand at T$30.185 to the U.S ... ( read original story ...)

(The following statement was released by the rating agency) TAIPEI, March 28 (Fitch) Fitch Ratings has assigned ICBCIL Finance Co. Ltd.'s (A/Stable) proposed long-term senior unsecured US dollar notes an expected 'A(EXP)' rating. ICBCIL Finance functions ... ( read original story ...)

VILNIUS/TAIPEI (Reuters) - Taiwan-based electronics manufacturer Quanta Computer Inc has acknowledged that its name was used as part of an email fraud scheme that bilked two U.S.-based internet companies out of more than $100 million. U.S. prosecutors last ... ( read original story ...)

JAKARTA, March 27 (Reuters) - Indonesian nickel smelter Indoferro, owned by Growth Steel Group, aims to raise up to $60 million in an initial public offering (IPO) in the third quarter ... India and Taiwan. [http://reut.rs/2nXvpXP ] The company, which ... ( read original story ...)

TAIPEI, March 24 Fubon Financial Holding Co , parent of Taiwan's second-biggest life insurer, said on Friday it will raise its currency hedging positions due to massive foreign fund inflows to Asia, including Taiwan. Fubon and other local rivals ... ( read original story ...)

The electronics subindex declined 0.1 percent, while the financials subindex dropped 0.1 percent. Among the most actively traded stocks, Taiwan Semiconductor Manufacturing Co (TSMC) was off 0.8 percent. TSMC is the world's biggest contract chip maker and ... ( read original story ...)

TAIPEI (Reuters) - Taiwan announced a T$882.4 billion ($29 billion) stimulus package on Thursday to boost its export-driven economy in the face of uncertainty from its two largest trading partners, the United States and China. Taiwan's trade-reliant ... ( read original story ...)

TAIPEI, March 23 (Reuters ... The electronics subindex rose 0.1 percent, while the financials subindex remained unchanged. Among the most actively traded, Cathay Financial Holding Co Ltd, parent company of Taiwan's biggest life insurer, climbed as ... ( read original story ...)

TAIPEI, March 22 Taiwan stocks on Wednesday retreated from a near two-year high hit in the previous session, tracking a sharp pullback on Wall Street, with techs and financials dragging the index down. Wall Street fell sharply on Tuesday as investors were ... ( read original story ...)

TAIPEI: Cathay Financial Holding Co. one of the leading financial holding firms in Taiwan, has raised its forecast of Taiwan’s gross domestic product (GDP) for 2017 to 2.1 percent, citing an improvement in exports amid recovering global demand. ( read original story ...)

WASHINGTON (Reuters) - The Trump administration is crafting a big new arms package for Taiwan that could include advanced rocket systems and anti-ship missiles to defend against China, U.S. officials said, a deal sure to anger Beijing. The package is ... ( read original story ...)

This is intended to provide additional information on the underlying financial forecast of the first quarter of 2017 guidance provided by the Company on March 9, 2017 and does not represent a change in that guidance. Based on Taiwan's applicable ... ( read original story ...)