Saturday, September 20, 2014
Taiwan banks' exposure to China hit a fresh high at the end of June on the back of increasing financial exchanges across the Taiwan Strait, according to the Central Bank of the Republic of China (中央銀行).
Alibaba made its long-awaited Wall Street debut Friday on the heels of a record stock offering that opens the door to global expansion for the Chinese online retail giant.
Face masks made in Taiwan ranked as the No. 1 counterfeit product manufactured mainly for use by mainland tourists, according to statistics compiled by the Customs Administration.
Shares in Taiwan closed little changed Friday as investors decided to lock in earlier gains when the index moved closer to 9,300 points, the nearest level of technical resistance, dealers said.
As the government's measures to curb real estate speculation intensify, the central bank (中央銀行) said the annual growth rate of Taiwan's outstanding home-purchase loans dropped to 4.82 percent in July.
The U.S. dollar rose against the New Taiwan dollar Friday, gaining NT$0.002 to close at NT$30.258, as it extended gains from a session earlier on expectations of higher interest rates in the United States, dealers said.
Home Depot said Thursday that a data breach that lasted for months at its stores in the U.S. and Canada affected 56 million debit and credit cards, far more than a pre-Christmas 2013 attack on Target customers.
Japan on Friday downgraded its assessment of the economy for the first time in five months, as a string of weak data hammers hopes for a quick recovery following Tokyo's April sales tax hike.
Microsoft on Thursday said that it axed 2,100 jobs in a second round of cuts which were announced earlier this year.
U.S. Treasury Secretary Jack Lew on Friday urged greater efforts to spur global growth as the head of the World Bank bemoaned a disappointing year and warned of downside risks ahead.