Saturday, September 13, 2014
Oil prices were mixed in Asia Friday after the International Energy Agency (IEA) slashed its forecast for world crude demand this year and as dealers awaited key U.S. economic data, analysts said.
Friday, September 12, 2014
The Taichung District Prosecutors Office yesterday charged Lai Cheng-i (賴正鎰), chairman of the General Chamber of Commerce, R.O.C. (ROCCOC商總) for infractions in the criminal conversion of corporate funds for extending interest-free loans with company cash to a lawmaker in 2003.
Renminbi (RMB) deposits in Taiwan rose 288 million, or 0.1 percent, to 293 billion in July, the lowest rise on record, while those in Hong Kong increased 1.2 percent to 936.8 billion.
Outward remittances from foreign institutional investors (FINIs) in August reveal signs of continued stagnation, weighing on already fragile market sentiment, although local financial regulators continued downplaying the importance of FINIs on Thursday.
Third quarter investor confidence in Taiwan was pegged at 105.3, representing the third consecutive quarter to have an index above the 100 optimism mark, according to a report released by J.P. Morgan on Wednesday.
Taiwan shares closed down 34.66 points, or 0.37 percent at 9,322.95, while the U.S. dollar rose gaining NT$0.035 to close at NT$30.060 in Taipei on Thursday. Turnover totaled US$729 million during the trading session.
Hotai Motor Co. (和泰汽車), the local agent of Japan's Toyota Motor Corp., introduced its new Yaris model in Taiwan Wednesday, eyeing higher sales in a warming local car market.
The global economy will see only modest growth this year, the U.N. said Wednesday, calling for wage hikes to boost the demand and investment needed to move towards true recovery.
Asian stocks erased gains and European markets were lower Thursday as investors tried to second guess the U.S. Federal Reserve's thinking on the timing of an interest rate hike. Japanese stocks rose as the yen resumed its fall against the U.S. dollar.
The dollar soared to a fresh six-year high in Asia on Thursday, while the pound recovered on easing concerns about Scotland's independence vote and hints of a Bank of England rate hike.