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May 30, 2017

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MOST READ
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Suspects detained for vandalizing Japan-era statues at school
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Shrimp for NT$120,000! An industry outsider rakes in 13 times the average revenue
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Taiwan launches countermeasures amid invasion by mainland Chinese frogs
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Bamboo raft returns from trip to Japan's Yonaguni Island
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Ceiling tiles fall on McDonald's customers, 3 injured
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Business > Global Markets
Year of the Monkey gives Taiwan dollar an unusual boost
The Taiwan dollar rose nearly 7 percent during the Year of the Monkey that ended Friday, the first lunar year during which the Taiwan dollar appreciated since the Year of the Dragon from 2012 to 2013.
 
The global rally in stocks pushed into another day, with Tokyo leading a surge in Asian markets Thursday following another record close on Wall Street that saw the Dow hit a historic milestone.
 
Stock markets climb as Trump fears ease
Asian and European markets pushed higher Wednesday, tracking a record close on Wall Street as investor concerns eased over Donald Trump's lack of domestic policies.
 
Investors in the local main board raked in about NT$420,000 (US$13,384) in profit on average in the year of the monkey after the market closed Tuesday, the last trading session of the year on the lunar calendar, statistics show.
 
The U.S. dollar fell against the Taiwan dollar on Tuesday, shedding NT$0.049 to close at NT$31.382, as foreign investors continued to move funds into the region, dealers said.
 
China's Alibaba quarterly revenue surges 54% to US$7.7 billion
Chinese e-commerce giant Alibaba said Tuesday its revenues leapt 54 percent year-on-year for the quarter ended in December, spurred by rapid growth in Chinese online shopping.
 
Economics Apple tops Taiwan's smartphone sales for 4th straight month
Apple Inc. ranked as the best smartphone vendor in Taiwan in terms of both sales volume and value last December, holding that spot for the fourth consecutive month, following the launch of its latest iPhone models, industry sources said Tuesday.
 
Push to save Pacific Rim trade deal after US exits TPP pact
President Donald Trump's decision to pull out of the Trans-Pacific Partnership, as promised, is prompting other member countries to seek ways to salvage the trade pact.
 
Greenback retreats as Trump steps into power
The dollar retreated against most peers Monday, with warnings of wild volatility ahead as Donald Trump began his presidency promising to put America first and attacking global trade deals.
 
Analysis: Trump's trade plans to test his deal-making skills
President Donald Trump said he was protecting jobs as he officially pulled out from the proposed Trans-Pacific Partnership trade deal on Monday.
 
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