Saturday, July 26, 2014
Oil prices nudged lower on Friday as traders balanced soft gasoline demand in the United States and plentiful global supplies, against upbeat Chinese manufacturing data and ongoing geopolitical concerns.
The euro held firm against the dollar and yen on Friday after bouncing back from multi-month lows in the previous session in response to upbeat manufacturing data.
Friday, July 25, 2014
A key measure of Chinese manufacturing activity hit an 18-month high in July, HSBC said Thursday, in a further sign the world's second-largest economy is gaining momentum on the back of Beijing's mini-stimulus.
Regulators have voted by a narrow margin to end a longtime staple of the investment industry — the fixed US$1 share price for money-market mutual funds — at least for some money funds used by big investors.
Gerneral Motors (GM) on Thursday posted a sharp drop in second-quarter profit as the automaker took heavy charges for safety recalls and a compensation fund for victims of faulty ignition switches.
The number of people seeking U.S. unemployment benefits fell last week to its lowest level in eight years.
Formosa Plastics Group (FPG, 台塑) executive Wilfred Wang (王文潮) yesterday stated that the company is seeking an experienced expert and industry veteran to lead the company's Vietnam-based steelworks operation.
Shares of TransAsia Airways (復興航空), a mid-sized Taiwanese international carrier, came under pressure Thursday morning after one of its turboprop planes crashed on the outlying island county of Penghu a day earlier, killing 48 and leaving 10 injured, dealers said.
Shares in Taiwan closed 0.29 percent higher at 9,527.54 as the financial sector attracted rotational buying while the U.S. dollar gained NT$0.017 to close at the day's high of NT$30.052.
Japan's trade deficit ballooned to a record in the first half of the year as exports fell further in June, data showed Thursday, ramping up pressure on the central bank to unveil fresh measures to boost the economy.