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July, 26, 2016

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Business
Uniqlo to widen reach in Thailand with online store
UNIQLO, Japan's global fashion label, will open an online store for the Thai market this Friday, in a move that will complement its physical stores by offering unlimited items, nationwide coverage and around-the-clock access to consumers.
 
Italy has 'no banking problem': finance minister
Italy does not have a problem with its banks, finance minister Pier Carlo Padoan said Sunday, despite investors fretting about nearly US$400 billion of bad debts weighing down the sector.
 
Nepal gov't introduces new rules to promote its adventure tourism
The Nepalese government has enforced the Recreational Aviation Regulation 2016 amending the Aviation Sports Regulation 2012 in a bid to promote adventure tourism -- touted as one of the fastest growing sectors.
 > Other
 
Mainland China said Sunday it has started imposing anti-dumping tariffs on certain steel imports from the European Union, Japan and South Korea, as Beijing itself comes under fire for similar trade practices.
 
A 6 percent loss in value of its currency, a plunge on the stock market and a downgrade by a key ratings agency.
 
Confidence in the local economy has shown signs of weakening amid concerns that the decision of the United Kingdom to leave the European Union will send ripples through the global economy and affect domestic fundamentals, according to Cathay Financial Holding Co. (國泰金).
 > Taiwan
 
In 1890, the psychologist William James wrote that there was "no more miserable human being than one in whom nothing is habitual but indecision."
 
Dutch retail giant Ahold and Belgian rival Delhaize on Saturday said they had finalized their mega-merger after U.S. regulatory authorities gave the union the green light.
 
Britain's vote to leave the European Union heightens risks for the world economy, finance chiefs from the G-20 group of leading countries said Sunday.
 
On the back of rising demand for the upcoming Ghost Festival, the local retail sector is expected to see sales growth in July, at a time when many retailers have aggressively launched promotional campaigns, according to the Ministry of Economic Affairs (MOEA).
 > Taiwan
 
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