Business

Grab Seeks Taiwan Approval for US$600 Million Foodpanda Deal

Singapore: Singapore-based ride-hailing and delivery giant Grab Holdings Ltd. has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero’s foodpanda in a deal valued at about US$600 million. Grab said in a stat…

Taiwan Shares Plunge as Crude Oil Prices Surge

Taipei: Shares in Taiwan moved sharply lower Monday as a spike in crude oil prices led investors to trim their holdings of large-cap stocks, particularly those in the electronics sector, analysts said. The Taiex, the Taiwan Stock Exchange’s benchmark …

Taiwan Shares Close Down 1.8%

Taipei: Taiwan shares ended down 594.43 points, or 1.8 percent, at 32,518.16 Monday on turnover of NT$646.62 billion (US$20.04 billion).

According to Focus Taiwan, the decline indicates a significant shift in the market dynamics, affecting investor …