Taiwan stocks rise; Asia Pacific soars on merger news

Wed May 7, 2014 10:16pm EDT

TAIPEI, May 8 (Reuters) - Taiwan stocks rose 0.1 percent on
Thursday, with Asia Pacific rallying after a source
told Reuters that Ting Hsin International Group and Foxconn
Technology have submitted rival bids to merge with the telecom
    As of 0200 GMT, the main TAIEX index had climbed to
8,904.70, roughly in line with most regional bourses. 
    Asia Pacific, a small telecoms operator, soared 4 percent.
Hon Hai Precision, Foxconn's flagship unit and which
makes iPhone and iPad for Apple Inc, advanced 0.2
percent. Tingyi, the listed unit of Ting Hsin and a
major noodle maker in China, jumped 1.4 percent in Hong Kong
    Among gainers, electronics shares were up 0.2
percent and financials rose 0.7 percent.
    The Taiwan dollar rose 0.133 percent to T$30.125
per U.S. dollar.

 (Reporting by Faith Hung; Editing by Subhranshu Sahu)

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.