Business

TCC Group Plans Acquisition of Ukrainian Cement Producer

Ivano-Frankivsk:TCC Group Holdings’ board of directors has approved a plan for its Dutch subsidiary to acquire a 100 percent stake in the Ukrainian cement company Ivano-Frankivskcement (IFCEM) along with three other companies for up to £750 million (U…

AI Boom Drives ADB to Revise Taiwan’s 2026 Growth Forecast to 11%

Taipei:The Asian Development Bank (ADB) has revised its forecast for Taiwan’s gross domestic product (GDP) growth in 2026, raising it to 11% due to a surge in artificial intelligence (AI)-related exports.

According to Focus Taiwan, the ADB’s Asian D…

Taiwan Shares Close High Despite Decreased Turnover Pre-Holiday

Taipei:Shares in Taiwan reached a new high on Wednesday, despite a drop in turnover as some investors remained cautious ahead of the long Mid-Autumn Festival weekend.

According to Focus Taiwan, the Taiex, Taiwan Stock Exchange’s benchmark index, rose…

U.S. Dollar Declines in Taipei Exchange

Taipei:The U.S. dollar was traded at NT$31.689 at 10 a.m. Wednesday on the Taipei Foreign Exchange, marking a decrease of NT$0.019 from the previous close.

According to Focus Taiwan, the currency experienced this dip during the morning trading sessi…