Some technology stocks are being cut because of concern that high oil prices and rising interest rates will hurt demand for electronics.
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The two appointments underscore the government's intention to do what is needed to meet the goals set out for financial reforms... and to better control its China policy. While they are seasoned executives at government firms, they are still more of policy executors rather than policy makers.Simon Chao
I doubt China would allow the Taiwan government to do so.
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U.S. economic figures are still pointing to strong consumer confidence, which gives positive momentum to Asian exporters to carry into 2006.
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With profit growth stagnating, the government should look for a better future for the company, such as seeking international strategic investors.
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