China Eastern Airlines and Shanghai Airlines will kick off regular direct flights to Taiwan on July 4, the carriers said in separate statements late Wednesday.
China and Taiwan signed a landmark deal on Friday to launch regular flights between the long-time rivals, limited for now to weekend charters, as politics was put aside in favor of practicalities.
Top contract chip maker Taiwan Semiconductor Manufacturing said on Tuesday it may increase its prices as rising costs threaten to squeeze profits.
Taiwan's new president took office on Tuesday with pledges to forge historic trade and transit ties with China, which claims the self-ruled island as part of its territory.
Taiwan carrier China Airlines will cut its Hong Kong-Taiwan passenger flights by about 20 percent once direct weekend charter flights between Taiwan and the mainland begin on July 4, a local newspaper said.
Top contract chip maker TSMC posted on Tuesday a 49 percent rise in first-quarter earnings that beat expectations on rising sales of chips for PCs and consumer gadgets.
Taiwan's AU Optronics, the world's No.3 LCD maker, said on Tuesday it returned to profit in the first quarter from a year-ago loss as strong demand for flat-screen TVs lifted prices for its displays.
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Ma Ying-jeou rode to power in Taiwan promising to defuse simmering tensions with rival China and to expand trade ties with its giant communist neighbor.
Shoes fly and blows rain down, while a kung fu style kick sails across a room thick with jeers, jibes and coarse language. It's fight night on Taiwan television as parliament gets in session and crowds of fans are tuning in across the oceans.
When Taiwan votes for a new president on Saturday, many will likely ignore pro-independence rhetoric in favor of bread-and-butter economic issues.
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Taiwan said on Wednesday it will allow its banks to invest in lenders in neighboring China, as the ruling party seeks to shore up political support just over a week before the island's presidential elections.
Taiwan and China have reached an initial agreement to let Taiwan banks use their Hong Kong subsidiaries to invest in mainland lenders, the Financial Times reported on Friday, citing unidentified sources.
Micron Technology, the largest U.S. maker of memory chips, and smaller rival Nanya Technology have signed an agreement on technology licensing and a possible chip joint venture, sources from both companies said.
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Greater China investors have much to celebrate. Despite the recent turmoil in financial markets, stocks in China and Hong Kong are still booking double- and triple-digit gains year-to-date. This week's A Fund Affair takes a look at a hedge fund that invests in Chinese companies listed across the region.
A plane belonging to Taiwan's China Airlines exploded and caught fire soon after landing on Japan's southern island of Okinawa on Monday, but officials said all 165 people on board had escaped safely.