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July, 23, 2016

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Business
IMF head calls for quick end to Brexit uncertainty
The head of the International Monetary Fund called Friday for quick action to end uncertainty over Britain's vote to leave the European Union, which she said is dampening global economic growth.
 
Merck's Stefan Oschmann meets with President Tsai
Merck, a leading science and technology company, announced yesterday that a meeting took place between Merck Executive Board Chairman and CEO Stefan Oschmann and Taiwan President Tsai Ing-wen during his recent visit to the Island, according to a press release from the company.
 > Taiwan
 
Hong Kong booksellers braving China chill for publishers
Hong Kong publishers' latest works on sensitive Chinese topics went on show at a book fair this week, despite the chill persisting from recent detentions of five local booksellers.
 
Unemployment rises with entry of new graduates into market
Due to new graduates entering the workforce, the unemployment rate in June rose 0.08 percentage points to 3.92 percent, according to a government census report.
 > Taiwan
 
US banks get Brexit boost but face longterm pain
Large U.S. banks got a lift from the June "Brexit" vote in the second quarter, but could face long-term pain from a British retreat from the European Union.
 
VCR headed for outdated tech heaven
The clunky videocassette recorder is going the way of floppy disks, eight-track tapes and camera film as the world's last manufacturer ends production of the once booming home-video technology.
 > Japan
 
Visa earnings fall on costs tied to Visa Europe
Credit and debit card processor Visa Inc. said its fiscal third-quarter earnings fell 76 percent from a year ago, largely due to the cost of completing its purchase of its operations in Europe.
 
The Japan launch of "Pokemon Go" on Friday included the game's first partnership with an outside company: fast-food giant McDonald's.
 > Japan
 
The industry production index compiled by the Economics Ministry rose 0.88 percent to 107.61 in June, which marked the second month of consecutive growth and signaled a potential economic rebound.
 > Taiwan
 
Stock markets turned higher on Friday after surveys suggested the eurozone economy is proving resilient to the uncertainty surrounding Britain's Brexit vote.
 
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