Friday, November 27, 2015
Pakistan is set to invite global online payment giants PayPal and Alibaba to offer their services in the country, the IT ministry has said, after easing its e-commerce rules.
Global stocks were mostly higher Thursday on expectations for additional European Central Bank stimulus as jitters about tensions between Russia and Turkey faded.
Oil prices held above US$43 a barrel in Asia Thursday after U.S. commercial crude supplies rose at a slower pace, while jitters lingered over the shooting down by Turkey of a Russian warplane.
The euro struggled in Asia Thursday as expectations grew that the European Central Bank (ECB) will announce a boost to its monetary stimulus measures next week.
Shares in Spain's Abengoa fell by 25 percent Thursday after it emerged the renewable energy giant was close to bankruptcy, with debts piling up in their billions.
Thursday, November 26, 2015
Rationing of electricity and protests by environmentalists are the main disadvantages of making investments in Taiwan, said Morris Chang (張忠謀), chairman of Taiwan Semiconductor Manufacturing Company (TSMC, 台積電).
The local manufacturing sector is likely to stage a rebound in the fourth quarter of this year based on the latest data released by the Taiwan Institute of Economic Research (TIER), the think tank said Wednesday.
Yulon Nissan Motor Co. (裕隆), one of Taiwan's leading car manufacturers, said that it has trimmed its forecast for its sales in the country for 2015, as many potential buyers have put their purchasing plans on hold while awaiting the passage of a stimulus package in the Legislative Yuan.
The Financial Supervisory Commission (FSC, 金管會) said it has begun to assess the feasibility of allowing unlimited day trading as part of a fresh market stimulus slated for January.
Shares in Taiwan extended losses from a session earlier to close below the 8,400 point mark Wednesday as large-cap stocks almost across the board faced downward pressure, dealers said.