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Price may hurt Windows tablets

By Lisa Wang

Tablet devices running on Microsoft Corp’s new Windows 8 operating system are expected to account for just 5 percent of the world’s overall tablet market next year, market researcher IDC said yesterday, because demand would be capped by their higher retail prices compared with majorFULL STORY

Shin Kong looks to beat profits record this year

By Crystal Hsu

Shin Kong Financial Holding Co (新光金控), the nation’s second-worst performer by earnings among its domestic competitors last month, is poised to see record high profits this year on the back of securitized real-estate investments, senior executives said yesterday. However, the life insurance-centric conglomerate voiced worries overFULL STORY

Taiwan, China banking talks moved back

By Crystal Hsu

Taiwan and China will hold semi-annual talks over advancement of cross-strait banking ties in Taipei in the second half of the year, rather than in the first half as planned, the Financial Supervisory Commission (FSC) said yesterday. The announcement came after FSC Chairman Chen Yuh-chang (陳裕璋)FULL STORY

Oceanus heralds new team as fix for financial woes

By Amy Su

Singapore-based Oceanus Group Ltd (歐聖集團), the world’s largest operator of abalone farms, said its new management team and new funding plan would help the company emerge from dire financial straits within one year. Shares of the company’s Taiwan depository receipt (TDR) issuances closed at NT$2.11 yesterdayFULL STORY

FTC to investigate Nexon’s purchase of Gamania shares

The Fair Trade Commission (FTC) yesterday said it would interview representatives of South Korean online gaming giant Nexon Co next week in the wake of the company’s alleged hostile takeover bid for Taiwanese gaming firm Gamania Digital Entertainment Co (遊戲橘子). The commission will ask NexonFULL STORY

Grand Ocean IPO to raise NT$3.22bn

By George Liao

Grand Ocean Department Store Group Co (大洋百貨) is planning to raise NT$3.22 billion (US$109 million) in its initial public offering (IPO) in Taipei next month and it plans to use the proceeds to open more stores in China. The China-based retailer, with a majority stake ownedFULL STORY

Small brokerage hit by talk of capital gains tax

By Kevin Chen

A small local stock brokerage may become the first victim of ongoing policy discussions about a capital gains tax on securities investments. Ding Fu Securities Co (鼎富證券) has reportedly approached Yuanta Financial Holding Co (元大金控) for talks about a possible merger with its brokerage subsidiary, theFULL STORY

Economics minister offers help to HTC with patent case

Minister of Economic Affairs Shih Yen-shiang (施顏祥) yesterday said the ministry would provide smartphone vendor HTC Corp (宏達電) with assistance, if necessary, to deal with the litigation on patent infringement brought against it by Apple Inc. Shih told lawmakers at a legislative session that theFULL STORY

Mobile phone sector facing tough competition: ITIS

The production value of Taiwan’s mobile phone manufacturing sector for the first quarter of this year fell almost 20 percent from a quarter earlier, reflecting the traditional slow season, a government-funded research institute said in a report yesterday. Output for the mobile phone production sector forFULL STORY

[ BUSINESS BRIEFS ]

TAIEX rises above 7,300 The TAIEX rebounded yesterday, rising above 7,300 points by the end of the session, after a slump the previous day caused by worries over debt problems in the eurozone, dealers said. Buying focused on selected large-cap high-tech stocks such as Hon HaiFULL STORY

ECB move on Greek banks hits euro

The European Central Bank (ECB) has stopped offering liquidity to some Greek banks it does not consider solvent, and international concern about the eurozone rose as Athens called new elections that look set to be won by parties opposing austerity measures. The risk of the contagionFULL STORY

Toshiba stops production of TVs at Japan factories

Toshiba said yesterday it has stopped making televisions in Japan, citing slow domestic demand as falling prices, fierce global competition and a strong yen pressure the country’s electronics makers. The IT-and-engineering conglomerate shuttered production lines at its last remaining domestic TV plant in Fukaya, near Tokyo,FULL STORY

Japan GDP grows 4.1 percent in Q1

Japan’s economy grew an at annual rate of 4.1 percent in the first quarter amid a gradual recovery from last year’s catastrophic earthquake and tsunami. The Cabinet Office said yesterday that the preliminary growth figures showed that a rebound in consumer spending was lifting the world’sFULL STORY

Apple readies new iPhone with bigger screen, sources say

Apple Inc plans to use a larger screen on the next-generation iPhone and has begun to place orders for the new displays from suppliers in South Korea and Japan, people familiar with the situation said on Wednesday. The new iPhone screens will measure 4 inches fromFULL STORY

PetroChina, to join partners in Canada LNG export project

Asian energy giant PetroChina (中石油) plans to join with Shell Canada and major energy companies in Japan and South Korea in developing a liquefied natural gas (LNG) export project in British Columbia. Shell will hold a 40 percent stake in the project, with Korea Gas Corp,FULL STORY

Google to make searches smarter with new feature

Google on Wednesday began making its search engine smarter, in what the Internet giant called a major upgrade that looks beyond query words to figure out what people are actually seeking online. “Knowledge Graph” technology built to recognize people, places or things signified by keywords tookFULL STORY

World Business Quick Take

BANKING HSBC optimistic on progress HSBC is making good progress on its turnaround plan and showing “significant traction” on factors it can control, although the eurozone crisis and increased regulation are creating stiff headwinds, its chief executive said yesterday. “We’ve made encouraging progress for getting the bankFULL STORY

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