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Tag: banking

Posted on 14/09/2024

Limited role for US Navy SEAL Team in defense of Taiwan

Analysts say if Financial Times’ report that elite team is training to defend Taiwan is accurate, it would be to protect key targets from China’s attack and send a message of deterrence to Beijing ...

Posted on 14/09/2024

Russian hackers hit Taiwan Stock Exchange and bank in a surprise attack

Russian hacker groups launched DDoS attacks on Taiwanese financial platforms, including the stock exchange and Mega Financial Holding Co.'s website. The attacks, while not causing significant damage, ...

Posted on 14/09/2024

Biren Technology Embarks on IPO Path Amid US Trade Sanctions

Biren Technology, a Chinese artificial intelligence (AI) chip developer seen as a potential rival to industry leader NVIDIA (NASDAQ:NVDA), is making preparations for an initial public offering (IPO).

Posted on 14/09/2024

Expert View: SMIDs to gain from rate cuts; Nifty 50 may deliver low-teen return: Baroda BNP Paribas MF’s Jitendra Sriram

The leverage for the SMID space is usually higher, and they would be bigger beneficiaries of a rate-easing cycle as it gets underway, says Jitendra Sriram of Baroda BNP Paribas Mutual Fund.

Posted on 13/09/2024

Russian Hackers Hit Taiwan Bourse, Bank in Surprise Attack

Russian hacker groups briefly disrupted Taiwanese financial platforms including the stock exchange and lender Mega Financial Holding Co.’s website, exposing the vulnerability of the island to foreign ...

Posted on 13/09/2024

Taiwan’s financial sector hit by major cyberattack: Here’s what happened

Taiwan's Ministry of Digital Affairs reported that the Taiwan Stock Exchange experienced a spike in web queries from overseas IP addresses, leading to significantly higher traffic than usual. Despite ...

Posted on 13/09/2024

China hands PwC a 6-month ban and fine over audit of the collapsed developer Evergrande

Chinese authorities have banned the accounting firm PwC for six months and fined it over $56 million for its involvement in the audit of collapsed local property developer Evergrande.

Posted on 13/09/2024

New Taipei Steps Up Tourism Promotion in Thailand: Inviting More Visitors to Explore Northern Taiwan

The New Taipei City Government's Tourism and Travel Department held a tourism promotion event in Bangkok, Thailand, on September 6, working with New Taipei's hospitality industry to promote the city's ...

Posted on 13/09/2024

Zenas, Bicara set out to raise $180M-plus in separate IPOs to fund autoimmune, cancer prospects

Zenas, after adding the IPO proceeds to its existing cash ... having licensed the rights to the molecule in Japan, South Korea, Taiwan, Singapore, Hong Kong and Australia for $50 million up front a ...

Posted on 13/09/2024

Taiwan’s MIRDC Triumphs Again at the Prestigious R&D 100 Awards

KAOHSIUNG, Sept. 12, 2024 /PRNewswire/ -- With the support of the government, MIRDC has won the prestigious R&D 100 Awards for six consecutive years, and has successfully applied these innovations to ...

Posted on 12/09/2024

Tech war: US-sanctioned Chinese AI chip rival to Nvidia, Biren Technology, plans IPO

The tutoring process, which is mandatory for all IPO applicants in China before filing a listing ... Biren from engaging the service of world-leading foundries, including Taiwan Semiconductor ...

Posted on 12/09/2024

Taishin raises offer for Shin Kong in what could be Taiwan’s biggest financial deal

Taiwan financial conglomerate Taishin said it would raise its offer for peer Shin Kong by 25% to about T$222.4 billion ($7 billion), in a deal that would be Taiwan's biggest-ever financial services ...

Posted on 12/09/2024

Taiwan reports NT$170 billion tax revenue in August

TAIPEI (Taiwan News) — The Ministry of Finance (MOF) reported Wednesday (Sept. 11) the national tax revenue was NT$170.8 billion (US$5.31 billion).

Posted on 12/09/2024

TURN-OVER OF FINANCIAL ASSISTANCE TO SCHOLARS IN TAIWAN

Governor Eugenio Jose “Bong” Lacson led the distribution of financial assistance worth P600,000 to 10 scholars of the Provincial Government of Negros Occid ...

Posted on 12/09/2024

Taiwan Bourse: Support Expected At 21,000 Points

The Taiwan stock market has moved lower in three straight sessions, slumping more than 400 points or 1.9 percent along the way. The ...

Posted on 12/09/2024

NMDC Energy Shares Fall On Market Debut, But Outlook Remains Strong

The shares of NMDC Energy, a unit of NMDC Group, a conglomerate that operates in engineering, procurement, construction, and marine dredging, fell ...

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