Thursday, September 25, 2014
Stock markets drifted Wednesday as the boost from stronger Chinese manufacturing was overcome by Europe's economic malaise and heightened geopolitical risks after the U.S. and Arab nations attacked the Islamic State group's headquarters in eastern Syria.
The yen picked up in Asia on Wednesday as U.S.-led strikes on militants in Syria and a survey showing further weakness in eurozone business activity fanned uncertainty.
Oil prices were mixed in Asia Wednesday following the return of disrupted Libyan production to an already well-stocked global market and as dealers await the latest U.S. inventory report.
Tuesday, September 23, 2014
Liquidity pumped into the local stock market is expected to hit over NT$70 billion before elections in November, revealed Finance Minister Chang Sheng-ford (張盛和) on Monday.
The Singapore branch of Industrial and Commercial Bank of China (ICBC) recently issued 4 billion renminbi (RMB) in offshore bonds, with two tranches being the first dual-listed offshore RMB bonds on the over-the-counter (OTC) market.
As the economy continued to improve, Taiwan's unemployment fell to 4.08 percent in August, the lowest level for that month in 14 years, the Directorate General of Budget, Accounting and Statistics (DGBAS,主計總處) said Monday.
Local shares nosedived 1.14 percent to 9,134.65 as the bellwether electronics and financial sectors turned weak while the U.S. dollar fell against the New Taiwan dollar Monday, shedding NT$0.029 to close at NT$30.229.
Stock markets fell Monday ahead of a preliminary manufacturing survey from China that might show renewed weakness in the world's second-largest economy.
The dollar retreated in Asia on Monday after surging last week on hints by the U.S. Federal Reserve of higher than expected interest rates and Scotland's decision to stay in the United Kingdom.
Oil prices fell in Asia Monday as dealers await key Chinese manufacturing data for clues about demand in the world's top energy consumer, analysts said.