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July, 24, 2016

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A knowledge exchange platform will be established to help Taiwan's banking industry beef up information security, Financial Security Commission (FSC, 金管會) Vice Chairman Kuei Hsien-nung (桂先農) said Thursday.
 > Taiwan
 
Asian markets mostly rose Thursday following a fresh Wall Street record as traders are pumped up by strong corporate results and expectations of fresh stimulus.
 
Electric car maker Tesla Motors is working on multiple new vehicles, including heavy trucks and buses that could be unveiled as early as next year.
 
Germany and Britain agreed Wednesday that Prime Minister Theresa May needed time to prepare for talks to leave the EU, after London took the first step toward Brexit by giving up its presidency of the European Council.
 
The 2016 BioTaiwan exhibition, which showcases the country's biotechnology industry and matches buyers, researchers and local manufactures, opened in Taipei Thursday.
 > Taiwan
 
American Express said Wednesday that its second-quarter profit jumped 37 percent, helped by the sale of its Costco credit card portfolio and increased spending on its namesake cards.
 
The flood of billions of dollars out of China slowed dramatically in the second quarter, official figures showed Thursday, despite the yuan's persistent weakness making it less attractive to hold.
 > China
 
The European Central Bank left its key interest rates unchanged at record lows on Thursday as it assesses the impact on the economy of Britain's vote to leave the European Union.
 
Holding banks account-able
Union members of the Bank of Kaohsiung Corporate Union (高雄銀行企業工會) voice their demands in the bank lobby on Thursday, July 21. Demonstrators staged a protest outside the Kaohsiung headquarters, protesting against the firm for not paying its staff for working overtime as required, and said they were "outraged" at current laws that permit high-level executives to receive 4.6 months of their original salary.
 > Taiwan
 
The yen on Thursday slid to its lowest level in about six weeks on expectations of fresh stimulus from the Japanese government and central bank, ahead of a European Central Bank meeting later in the day.
 > Japan
 
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