Chinese fintech giant Ant Group has been ordered by regulators to drastically change its business model and return to its roots as a payment services provider, as the state squeeze continues on the ... ( read original story ...)
SET gains 2.5% as investors buoyed by Kerry IPO, lockdown news
Index closed at 1,451.52 on Thursday, up 35.50 points or 2.51 per cent. Total transactions amounted to Bt103.03 billion with an index high of 1,453.87 and a low of 1,409.75. ( read original story ...)
Taiwan Lawmakers Approve Imports of Additive-Fed U.S. Pork
Taiwan's parliament on Thursday approved measures that pave the way for imports of U.S. pork containing a leanness-enhancing additive, despite objections by the main opposition Kuomintang (KMT) party ... ( read original story ...)
Chinese steel manufacturer Huadi International widens range to $7 to $8 ahead of $23 million US IPO
It also exports to twenty countries and regions worldwide, with sales to the US, Mexico, Thailand, Australia, Argentina, Taiwan, India ... widens range to $7 to $8 ahead of $23 million US IPO ... ( read original story ...)
Treasury e-mail accounts imperiled in hack: US senator
US Senator Ron Wyden, a Democrat, provided new details of the hack following a briefing to US Senate Finance Committee staff by the Internal ... Final decision will be at the discretion of the Taipei ... ( read original story ...)
Cathay Financial raises forecast
National Central University professor of economics Hsu Chih-chiang, who heads a research team commissioned by Cathay Financial Holding Co, speaks to reporters in Taipei yesterday. Photo: Allen Wu, ... ( read original story ...)
Moody’s affirms Fubon Financial, Taipei Fubon Bank and Fubon Securities’ ratings following the proposed acquisition of Jih Sun Financial
December 22, 2020 Moody's Investors Service has affirmed the Baa1 issuer rating of Fubon Financial Holding Co., Ltd. The outlook remains negative. At the same time, Moody's has affirmed Taipei Fubon ... ( read original story ...)
Chinese Regulators Break Ant Group Billionaire Jack Ma
Just before Jack Ma’s Ant Group’s IPO was halted by the Chinese government back in November, the billionaire offered to salvage the battered financial tech firm in a deal that would put him in the ... ( read original story ...)
Citibank Taiwan wins ESG award at Taiwan Banking and Finance Best Practice Awards
Citibank Taiwan Ltd (台灣花旗) was presented with the Best Environmental, Social and Governance (ESG) Award at the Taiwan Banking and Finance Best Practice Awards — known as the Oscars of the financial ... ( read original story ...)
An Epic Year of Market Events Shook China, Hong Kong, Taiwan
China, Hong Kong and Taiwan’s economies were among the first to suffer from the virus pandemic. They were also home to some of the most dramatic events in global financial markets this year. Take ... ( read original story ...)
China Turns Up Heat on Country’s Tech Giants
TAIPEI - In recent weeks, Chinese regulators have cracked down ... Lu Suiqi, an associate professor of finance at Peking University, says the government has been turning a blind eye to monopoly issues ... ( read original story ...)
Medtecs Chosen as Asian Development Bank’s Partner to Supply Vital PPE to Asian Developing Countries Amidst COVID-19 Pandemic
Medtecs Group, a leading personal protective equipment (PPE) supplier based in Taiwan, had passed the rigorous procurement process of the Asian Development Bank (ADB) in June 2020 to become the ADB’s ... ( read original story ...)
Booming Taiwan urges shippers not to jack up prices amid container shortage
Taiwan's government has urged shipping companies not to unfairly push up their prices amid a global squeeze on shipping containers and a shortage of space on cargo ships, the transport ministry said ... ( read original story ...)
Central bank’s Yang says Taiwan’s interests come first
The central bank yesterday denied acting to unfairly boost Taiwan’s exports, as it attributed the nation’s widening trade surpluses with the US to the fallout from US-China trade tensions. Central ... ( read original story ...)
China Market Update: Foreign Investors Buy $1.233B Of Mainland Stocks Today
Asian equities had a strong night on moderate volumes except for Taiwan, South Korea, and Singapore. There was strong inflow from foreign investors via Northbound Stock Connect totaling $1.233 billion ... ( read original story ...)
Taiwan Keeps Rate at Record Low as U.S. Turns Up Currency Heat
(Bloomberg) -- Taiwan’s central bank left its benchmark interest rate unchanged, as expected, with the focus shifting to the local dollar after the U.S. put the island economy back onto its watchlist ... ( read original story ...)