Taiwan Financial News

Shares are higher in Europe after a mixed day of sparse trading in Asia, where many markets were closed for public holidays

JPMorgan’s debt capital bankers were expected to price a $US850 million ($1.3 billion) high-yield bond deal for Chris Ellison’s Mineral Resources overnight, after running a multi-country roadshow earlier this week.

A group of Chinese immigrant workers is suing over forced labor and human trafficking claims that stem from an illegal marijuana growing operation in northwestern New Mexico

China on Thursday, Chinese President Xi Jinping urged the nation to «work together in unity» in a speech more usually delivered by the premier. Since assuming the office of president in March 2013, Xi has previously delivered a speech twice at the annual reception, usually held on the eve of National Day on Oct. 1.

SINGAPORE (Reuters) — Singapore state investment firm Temasek's wholly owned unit True Light Capital said on Thursday it raised $3.3 billion in its flagship fund that invests in Greater China and has now closed it to new capital.

This Google Doodle is only visible for users based in Taiwan due to its limited reach. Teacher's Day in Taiwan is celebrated every year on September 28 to mark the birth anniversary of the great Chinese philosopher Confucius.

China's government has accused Taiwan’s ruling party of seeking independence, a day after the self-governing island’s president lobbied for Australia’s support in joining a regional trade pact

Pegatron India was sparked by a short-circuit after an electrical switch was left on, following testing of the devices as they were being put together, two sources briefed on the matter told Reuters. The lapse at key Apple supplier Pegatron's only factory in India, located in the southern state of Tamil Nadu, cost two straight days of lost production.

Two years after selling $11.4 million worth of wine from his cellar, the Taiwanese billionaire Pierre Chen is set to sell an even bigger tranche starting this fall. Some 25,000 bottles, worth an estimated $50 million, will go to auction at Sotheby’s in five dedicated auctions over the next 12 months. The first will be staged in Hong Kong in November.

Black Money Act, 2015. As per The Times of India report, a Mumbai Income Tax Appellate Tribunal (ITAT) levied a penalty of Rs 10 lakh for each year where foreign shares and other assets were not reported in the 'Schedule FA' of the ITR on the individual. An individual is mandatorily required to fill schedule FA of the ITR if they had invested in foreign assets (such as foreign shares, foreign company mutual funds etc.) directly or have held employee stock options (ESOPs) of foreign companies. «Section 43 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 requires a resident individual to provide information of his foreign assets located outside India in the ITR. If he fails to do so the Assessing Officer may levy a straight penalty of Rs 10 lakh on such person.

Hindustan Times, adding that a draft memorandum of understanding (MoU) has been finalised after negotiations between the two sides. Taipei is looking towards New Delhi to address the manpower shortage in key sectors such as manufacturing, including factories, construction projects, household workers, and agriculture and fisheries, the sources claimed.

Today, on September 26, Taiwan's financial regulator, the Financial Supervisory Commission (FSC), unveiled new guidelines for Virtual Asset Service Providers (VASPs) aimed at enhancing the protection of cryptocurrency users in the country.

Taiwan’s Financial Supervisory Commission (FSC) is moving to improve protections for cryptocurrency investors by introducing new rules.

Apple supplier Pegatron's India iPhone factory is expected to extend into Wednesday and disruptions could last longer as authorities investigate a fire at the Taiwanese firm's only India plant, four sources said. Pegatron described the Sunday fire as a «spark incident» which caused no injuries and said has «no financial or operational impact to Pegatron Corporation», but called off all assembly shifts for Monday and Tuesday, Reuters previously reported. Four sources briefed on the matter said Wednesday shifts were also unlikely. One of them said damage was being repaired at the plant in Chengalpattu area near the southern city of Chennai in Tamil Nadu state, and in the worst case the shutdown could last the entire week. One of the sources said Apple representatives were collaborating with Pegatron after the incident. Apple and Pegatron did not respond to requests for comment. Pegatron has asked independent surveyors to assess the fire damage, a fifth source said. The disruptions are the latest to impact Apple suppliers in India, a country where the U.S.

Taiwan’s crypto community is coming forward to establish a working group in mid-October to “effectively integrate” digital currency adoption and self-compliance, in a move to “establish an effective and smooth communication channel with the government.”

iPad Mini. They say, “The share will gradually pick up during the second half because of Apple’s inventory replenishment needs in the third quarter and orders for a new small-size iPad in the fourth quarter, the figures show." As of now, the company has made official announcements regarding the launch of Apple’s iPad Mini 7. However, another notable tipster namely ShrimpApplePro suggested that the upcoming iPad Mini might be under development.

As the national regulators prepare to lay out their crypto regulation framework this month, Taiwan’s platforms have announced the establishment of an industrial association. 

China is willing to play a «constructive» role in the success of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, its top diplomat said on Tuesday, after President Xi Jinping's absence at the annual Group of 20 summit in India. «As the world's largest developing country and an important member of APEC, China is willing to comply with the expectations of the international community and play a constructive role in the success of APEC this year,» said Chinese Foreign Minister Wang Yi. Xi, with no official explanation, did not go to the G20 summit in New Delhi this month, with the Chinese premier, Li Qiang, attending in his place. That prompted the United States to say China was «giving up» on the G20 and was building an alternative world order. «Of course, we and all parties hope that the United States will recognise its responsibility as the host, demonstrate openness, fairness, inclusiveness, and responsibility, and create better conditions for the smooth holding of the meeting,» Wang said at a news conference, when asked whether Xi would attend APEC. Dialogue between China and the United States has been gradually resuming despite tensions between the two superpowers, especially over Taiwan.

Investing.com-- Most Asian stocks retreated on Tuesday as the prospect of higher U.S. rates weighed on the technology sector, while persistent concerns over a Chinese economic slowdown also kept investors wary of regional markets. 

The Pentagon wants to acquire thousands of drones over the next two years that can fly to their targets, confuse radar, overwhelm enemy defenses, fire missiles and gather intelligence. But making the uncrewed aircraft quickly and cheaply is another matter. Mass production of large and small drones is crucial to the Pentagon’s plan to build big stocks of weapons and ammunition to deter China, which the Defense Department describes as the U.S.’s prime strategic competitor.

Taiwan authorities have fined a golf ball manufacturer $75,000 and warned of criminal charges after a major factory fire killed nine people and left one other missing