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Thursday, November 13, 2014
Chinese stocks jumped Wednesday after Hong Kong scrapped a daily limit on how much yuan residents can buy as exchanges in both economies prepare for the start of cross border share trading next week.
The yen struggled in Asian trading Wednesday after tumbling to a seven-year low against the dollar on speculation that Japanese Prime Minister Shinzo Abe will delay a planned sales tax hike.
Oil prices fell in subdued Asian trade Wednesday following sustained speculation about the dim prospects for an Organization of Petroleum Exporting Countries (OPEC) oil production cut in the face of abundant global supplies.
Shares in Saudi Arabia's National Commercial Bank (NCB) surged 10 percent on Wednesday in their first day of trading after the kingdom's largest public offering.
Wednesday, November 12, 2014
Mainland China wins APEC support for free trade 'roadmap'
An Asia-Pacific summit on Tuesday endorsed a Beijing-backed route towards a vast free trade area in the region, host Xi Jinping said, calling it a “historic” step.
Alibaba spreads China's 'Singles' Fever' to Taiwan
As Alibaba (阿里巴巴) kicked off the world's largest online shopping frenzy on Tuesday, local businesses including Pacific SOGO Department Stores also launched their own promotion to capitalize on the “Singles Fever.”
Renminbi (RMB) transactions between Taiwan and mainland China surged 96 percent year-on-year to 309.1 billion RMB in the first three quarters, according to data from China's central bank.
The Taiwan Stock Exchange (TWSE) said that the position of securities net overbought by foreign investors saw NT$22.49 billion last week, compared with NT$42.9 billion for a week earlier.
ITRI wins awards with LED, cement technologies
The Industrial Technology Research Institute recently received two 2014 R&D 100 Awards in Las Vegas for its affordable solution to achieving a nearly 90-percent carbon dioxide (CO2) capture rate and efficient light emitting diode (LED) thermal testers.
Taiwan's gross domestic product (GDP) will grow 3.5 percent this year and 3.8 percent in 2015, Britain-based credit insurance provider Coface predicted Tuesday.
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