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Thursday, August 28, 2014
The U.S. dollar fell against the New Taiwan dollar Wednesday, shedding NT$0.041 to close at NT$29.985 as local exporters cut their greenback holdings in exchange for the local currency to meet fund demand near the end of the month, dealers said.
 > Taiwan
Burger King is buying Canada's Tim Hortons coffee-and-donuts chain in an US$11.4 billion deal that raised concerns about another U.S. company moving abroad for tax advantages.
Economists appear to be of two minds about the U.S. Federal Reserve.
The director of market intelligence at an investor relations firm was arrested on insider trading charges Tuesday and accused of using drafts of press releases to illegally earn more than a half-million dollars.
Turner Broadcasting offers employees buyouts
The corporate parent of CNN, TNT and TBS on Tuesday offered voluntary buyouts to 600 veteran employees, part of an overall cost-cutting effort at the Atlanta-based broadcasting company founded by Ted Turner.
Britain's bailed-out Royal Bank of Scotland (RBS) has been fined 14 million pounds for not taking enough care to explain to home-buyers the costs of taking out a mortgage, regulators said on Wednesday.
Argentina says US-based BNY Mellon is not welcome
Bank of New York Mellon, which has played a central role in the legal dispute that pushed Argentina into default last month, is no longer authorized to operate in the South American country, the government said Tuesday.
New Zealand's national airline on Wednesday posted a 45-percent increase in annual profit and said it expects to benefit from the fuel efficiency of 787-9 Dreamliners it is adding to its fleet.
Global shares were mixed Wednesday after the latest record close for the Standard & Poor's 500, with Europe off to a shaky start despite a strong day in Asia.
The euro sat around its lowest levels against the dollar in nearly a year in Asia on Wednesday, with investors betting on fresh easing measures from the European Central Bank (ECB) while the greenback was boosted by upbeat U.S. data.
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