Friday, December 19, 2014
World stock markets powered higher Thursday, sweeping aside worries about a flagging global economy after the U.S. Federal Reserve said it would remain “patient” in its approach to raising interest rates.
The ruble recovered in Asia Thursday after Russian authorities launched fresh measures to halt its collapse, while the Federal Reserve's indication that interest rates will not rise until mid-2015 supported the dollar.
Oil prices were little changed in Asia Thursday after data showed U.S. stockpiles dipping, while the Federal Reserve indicated interest rates would not be hiked until the middle of next year.
Mozambique Wednesday published a law setting the framework for energy firms Anadarko and ENI's multibillion-dollar gas projects, as the country gears up to become a leading exporter of liquefied gas.
Thursday, December 18, 2014
A legislative committee yesterday approved a three-year delay on a capital gains tax targeting major market players, dashing investor hopes that the tax would be removed.
Even before Mao Chi-kuo (毛治國) took over as the fifth premier of the Ma Ying-jeou presidency in six years, he had been expected to lead a “caretaker Cabinet.” The lame duck president humbled in the Nov. 29 local elections is no longer able to push his policies, the argument goes, so all the Ma administration can do is to sit on its hands and wait for the end of the president's term.
Taiwan's economy will grow 3.43 percent in 2014 and 3.5 percent in 2015, the Chung-Hua Institution for Economic Research (CIER) said yesterday.
Shares in Taiwan took a beating Wednesday as selling focused on large-cap stocks across the board amid fears that foreign institutional investors will continue to unload their holdings, dealers said.
The U.S. dollar rose against the Taiwan dollar Wednesday, gaining NT$0.03 to close at NT$31.357 after moving in a quiet session ahead of the conclusion of the U.S. Federal Reserve's policymaking meeting due later in the day, dealers said.
DBS Bank is scheduled to launch a U.S. dollar fixed deposit program for Taiwanese investors intrigued by the recent drop in the United States' financial deficits, said Seraph Sun (孫可基), head of Consumer Banking at DBS Bank (Taiwan).