或者可以給我英文版的新聞 裡面有分類財經啦或者體育 政治的網站(也就是英文新聞的網頁) 真的有心要查的唷><
小弟該打 ，忘記是要12字體 大概A4紙張1頁多的內容(勁量全部都英文)，再一次麻煩各位大大阿
七寶:國內國外都可以唷 而且你回答的也很好 不過你可以幫我找一篇最長的嗎 要一頁多的英文^^ 可不可以@@
- 匿名使用者1 0 年前最佳解答
Local bank reform on hold after deal to consolidate fails
Union's actions may set thorny precedent
2005-09-18 / Associated Press / By Perris Lee
The failed sale of Taiwan Business Bank because of demands by its labor union has dealt a blow to the government's efforts to consolidate the island's unwieldy banking sector, analysts say.
Minister of Finance Lin Chuan said Wednesday the deal faltered after the investor that was interested in acquiring Taiwan Business Bank - the island's ninth-largest lender by assets - withdrew from the bidding because of additional demands by the bank's labor union.
"People are now worried how the government is going to cut down the number of banks going forward," said Renee Tsai, a KGI Securities banking analyst.
Taiwan has 48 banks, none of which has a market share of more than 10 percent, and the government controls 50 to 60 percent of the island's banking assets. It has been keen to put more of those assets into private hands and create a major regional player through encouraging mergers and acquisitions.
The government owns more than 40 percent of Taiwan Business Bank.
"The investor said giving up on the deal was probably better for their shareholders," Lin told reporters.
Taiwan's media widely speculated the mystery investor was E.Sun Financial Holding Co., though neither the company nor the government ever confirmed this.
During Wednesday's negotiations on the sale, Taiwan Business Bank's union, which had held a four-day strike to protest the deal, made new demands, Lin said, without disclosing details.
Lee Hong-yen, a labor union leader, said the disagreement centered on an early retirement program.
"To be honest, I don't care about the benefits, what I want is to make sure I still have my job tomorrow," Lee said.
Jesse Wang, BNP Paribas Securities' head of research, called the outcome of the sale attempt "a total failure."
"This is very disappointing, and will have serious implications for future mergers and acquisitions because it's going to make privatization of other banks very difficult, if not impossible," Wang said.
KGI's Tsai agreed, saying unions at other government-controlled banks may now pursue tougher action to pre-empt takeovers.
Lin didn't say if the government will continue to seek other buyers for Taiwan Business Bank.
The minister said the government's plans to merge Taiwan Cooperative Bank with Farmers Bank of China, and to sell various divisions of the Central Trust of China to different buyers, remain on track.
Lin acknowledged though that the government needed to improve the presentation of its policies.
"Apparently we have failed to convince the public of the importance of financial reforms. But from a personal point of view, I would say we have to continue to try our best to push forward the plans," the minister said.
Analyst sees trouble for PRC economy despite growth rates
Taiwan offers challenges with innovations
2005-09-17 / Taiwan News, Staff Reporter / By Marie Feliciano
China's industrial output may have remained strong but the quality of its economic growth is a cause for concern for China watchers, an investment banker said yesterday.
According to the latest figures collated by Lehman Brothers, China's industrial output rose 16 percent year-on-year in August after gaining 16.1 percent in July. This increase was stronger than Lehman's 15.8 percent forecast and the market's overall projection of 15.7 percent, the bank's research team said in a report released yesterday.
The automobile sector's output posted a huge growth, rising 46 percent year-on-year in August. Production of steel products on the other hand grew 28 percent year-on-year.
"Coal output and electricity generation both gained a solid 12 percent year-on-year last month, while crude oil output grew at a modest pace of 3.2 percent," the study said.
China's industrial production grew 16.3 percent year-on-year for the first eight months of this year.
"China's industrial output remained strong in August, as robust exports and retail sales continued to underpin production. Looking ahead, however, we are concerned about the quality of economic growth," Lehman Brothers said in a report penned by economists Rob Subbaraman and Wenzhong Fan.
"The economy is suffering from oversupply, notably in industrial materials and some consumer goods sectors. Rather than cutting back their own supply, China's producers in these sectors are exporting more and accepting price cuts."
In the first eight months of the year, China's trade surplus has already amounted to US$60.4 billion, exceeding the surplus of US$32.8 billion for the whole year of 2004, it added. The report noted that oversupply was intensifying competition, leaving China's producers with very little pricing powers. Money supply growth also picked up sharply to 17.3 percent year-on-year in August from 14.1 percent in April, "raising the risk of another debt-financed investment boom which could worsen the over-supply problem," it continued.
"If China's economic supply continues to run ahead of demand, the risks of a return to deflation, or increased outside protectionist pressures could grow. We judge that the risk to our 2005 GDP growth forecast of nine percent is now on the upside," the report said.
Meanwhile, Taiwan's Industrial Technology Research Institute is continuously driving innovations in the fields of information and communication technologies; advanced manufacturing and systems; biomedical technology; nanotechnology, materials and chemicals; and energy and environment, a report commissioned by the Taiwan External Trade Development Council said.
The technology incubator had an operating revenue of US$506 million last year, 52 percent of which came from government research projects. It was money well spent, according to the report.
A 2003 study conducted by Chiao Tung University Professor P.Y. Chu showed that for every dollar invested in ITRI, the institute offers a return of US$10.77 to Taiwan society.
"Looking at the 2004 numbers, this means that for the US$301 million invested by the Taiwan government alone in research projects, the Taiwan economy will reap a yield of US$3.24 billion over time," said the report.
Two of ITRI's most successful projects were semiconductor giants TSMC and UMC. Conceived at ITRI, the two ventures were later spun off to dominate the IC world. Last year, TSMC and UMC's combined revenues amounted to US$11.17 billion, approximately 3.5 percent of Taiwan's total economy in 2004.
Hoping to build more "star" companies in Taiwan, ITRI set up an Open Laboratory program that encourages enterprises to cooperate with the research institute, the report said.
The Open Laboratory concept allows companies to establish a laboratory within ITRI's facilities. This arrangement enables those firms to use the institute's infrastructure and talent pool at an affordable price, it added. The Open Laboratory completed 214 projects last year, and led to the creation of 130 companies with a total capitalization of US$1.43 billion.
In 2004, ITRI's Creativity Lab was also established. The facility focuses on client-end applications, or of technologies that fit people's lifestyles and meet their needs, said the report.
In 2004, the institute was awarded a total of 1,146 patents worldwide, it noted.
- 匿名使用者1 0 年前
Pump panic, gold glee
Much of England came to a halt on Monday, watching its cricket team win back the Ashes. It may well come to a halt later in the week for quite a different reason. With unleaded petrol now fetching over £1 ($1.82) a litre in Britain, for example, and talk of shortages rampant, truckers and farmers around Europe are ganging up on their governments to cut fuel taxes. In Britain, protests and motorway go-slows are planned from Wednesday onwards. In France, one protest has just ended.
In the face of this nascent revolt, Europe’s finance ministers say they will hang tough (most have budget deficits, hence little choice) and hang together. But no one really expects them to. Five years ago, similar protests crossed borders, stopped trade and caused several governments to make concessions. This time around, Poland has already said it will cut fuel taxes, France is talking of doing so and has offered €30m ($37m) in tax breaks for farmers, and Britain may yet freeze taxes at the pump.
Their preferred ploy, though, is to shift the problem to oil producers—both OPEC and private companies—urging them to expand production and refining, and even to cut prices now. That is harder than it looks. OPEC has already increased investment in oil exploration for the first time in ages: its biggest members drilled 7.5% more wells in 2004 than the year before. Opinions differ as to how much usable oil is left in OPEC and other ground, but it is clear that the cartel is operating near current capacity.
Private oil companies, it is true, have handed back to shareholders rather more of their recent windfall profits than might have been wise politically. But if they are to make the investments necessary now, threatening them with a windfall tax makes little sense. And there are signs that companies are stepping up investment anyway, in response to higher prices.
Oil prices were already feeling the strain before Hurricane Katrina wiped out 1.5m barrels a day of Gulf crude, along with more than a tenth of American refining. But they retreated from their spike of $70.85 a barrel on August 30th to just over $63 on September 13th, as some activity resumed in the hurricane zone, the release of strategic reserves flooded the place with crude, and China said that its oil imports had fallen in August compared with a year earlier. CIBC, a Canadian bank, recently joined the ranks of those who reckon oil will hit $100 within two years. Others, including many in the business, see it slipping back below $40.
Martin Barnes and Elena Gavrina at BCA Research, an independent firm in Montreal, predict that oil prices will average around $50 a barrel over the next five years, perhaps falling below that in the near term as weaker economic growth conspires with high prices to undermine consumption. The International Energy Agency says that high prices have already slowed the rise in the world’s use of petroleum. And Katrina is believed likely to shave up to one percentage point off America’s already slowing GDP growth in coming months. In the longer run, however, demand from Asia’s fast-growing economies will make up for any anaemia on the part of rich countries.
So much for black gold. What about the real thing, which fans have been expecting to take off for months, if not years, in tandem with it? After all, the last time oil was on such a ride (in the 1970s), gold tore right along with it, ending up at $850 an ounce in 1980.
Since the second world war, gold bugs say, the prices of oil and gold have followed each other about, give or take the odd lag. An ounce of gold has fetched just over 15 barrels of oil, on average, and whenever that ratio got seriously out of whack one price or the other quickly adjusted. But gold and oil have been drifting apart for at least four years. While oil has blasted up by 60% so far this year, gold has risen only fractionally. These days an ounce of gold, at just under $450, buys a mere seven barrels of oil. In other words, the purchasing power of gold has been badly eroded.
Gold is a strange substance. It is a commodity, an investment and a means of exchange, and its price reflects all those roles.
Like any commodity, it responds to the laws of supply and demand. New figures from the World Gold Council, which groups producers, show that demand for physical gold is growing strongly, up by 21% in tonnage terms during the first half of 2005 compared with the same period a year earlier. Supply, meanwhile, increased less quickly, by just 18%, thanks partly to slowing central-bank sales. Gold supplies are eminently manipulable, however, and if prices rise substantially, a lot more of the stuff will hit the market.
It is from its role as an investment and a means of exchange, though, that gold derives its real mystique. Sentiment is important: in a small market, a few big positions affect prices more than, for example, they could do in the oil market. And that sentiment depends, more than anything, on expectations about inflation and the value of the dollar.
In the past, gold prices rose with oil prices because inflation did too, and gold was seen as a safe store of value. Yet investors have not really viewed inflation as a threat for a couple of years, continuing to buy shares and houses, for example, in preference to gold despite the huge run-up in crude prices. The notion that higher oil prices will tax growth rather than stoke inflation has gained, dare one say, currency.
That idea may itself be taxed by the inflation numbers coming out this week, however. Consumer prices in Britain rose by 2.4% year-on-year in August, the quickest rate of increase since the Bank of England began targeting inflation in 1997. Observers point out that the increased transport and energy costs which produced the hike are not yet being passed through to the final purchaser of goods and services—ie, business margins still have room to shrink. But with the pace of inflation likely to pick up further in September, this is presumably a short-term consolation. America’s consumer-price inflation figures are likely to show something similar later this week.
Just as inflation has, until now, lain low, and gold with it, America’s dollar has also been resisting arrest. Gold is after all a monetary metal, an alternative to the paper currency that replaced it at the heart of the world’s trading system, when times are tough. But they haven’t seemed tough so far. Despite America’s famous twin deficits, everyone else’s currency has been even less appealing, and big exporters such as China have had their own reasons for propping up the dollar. Now, as Katrina heaps billions on a national debt that is already close to $8 trillion, might that perception change? The time is surely not far off.
For at the end of the day, the price of gold reflects confidence, more than anything. When people are confident that their central banks will control inflation while permitting the economy to grow, when they believe that paper assets are worth something approaching their face value, they buy gold to wear but not to put in a safe. Alan Greenspan has achieved the remarkable feat of suspending disbelief in America’s gerrymandered finances for the past few years. On his departure, watch the gold price soar.