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Thursday, May 21, 2015
The city of Los Angeles voted Tuesday to increase minimum wage from US$9 to US$15 an hour in a move that is expected to boost quality of life for hundreds of thousands of its residents.
Imprisoned Wall Street swindler Bernard Madoff's former controller won't have to go to prison after a prosecutor praised her Tuesday for helping them successfully convict others in his multibillion-dollar fraud.
Asian stocks rose Wednesday, boosted by strength in the dollar, but European markets fell and Wall Street futures were flat ahead of the release of minutes from the Federal Reserve's last policy meeting.
Oil prices rebounded in Asia Wednesday following steep losses in the previous session, but analysts said gains were capped by a strong dollar and persistent concerns about a global supply glut.
The dollar extended its gains on Wednesday after getting a boost from strong housing data and expectations for more European central bank stimulus.
Britain's Marks and Spencer on Wednesday revealed the first increase in annual profits in four years in a turnaround under chief executive Marc Bolland, partly thanks to "outstanding" food sales.
Wednesday, May 20, 2015
Japan economy picks up pace in wobbly recovery
Japan's economy grew more than expected in the first three months of the year, data showed Wednesday, as it crawls back from a brief recession, but observers cautioned that a strong recovery may still be some way off.
 > Japan
U.S. homebuilders ramped up construction in April to the fastest pace in nearly seven-and-a-half years, hinting at newfound momentum for an economy that has struggled in recent months.
Local contactless smartcard system EasyCard yesterday achieved a new milestone in its range of applications, as consumers can use it to pay for purchases as part of a trial run in the Qingguang Market (晴光商圈) and the Ningxia Night Market (寧夏夜市).
 > Taiwan
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Industry representatives yesterday urged the Ministry of Economic Affairs (MOEA, 經濟部) to improve Taiwan's environment management sector to meet business needs.
 > Taiwan
  
  
  
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