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October, 26, 2016

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Business > Asia > Australia
Australia's unemployment rate fell to 6.2 percent in August with thousands of new jobs created, official data showed Thursday, as the economy continues to shift away from a massive resources investment boom.
EBRD forum tries to attract more Taiwanese investment
A European Bank for Reconstruction and Development (EBRD) business opportunities briefing was held yesterday in Taipei in an effort to attract more Taiwanese investment in four developing markets.
Australia's city of Newcastle, New South Wales, which claims the world's biggest coal export port, said Wednesday it will pull money out of fossil fuel industries as it invests in more sustainable enterprises.
U.S. regulators have uncovered new violations by the manufacturer of medical scopes recently linked to outbreaks of deadly "superbug" bacteria at U.S. hospitals.
Berkshire Hathaway buying Precision Castparts
Warren Buffett's biggest acquisition yet -- a US$32.36 billion buyout of Precision Castparts -- will further change the complexion of Berkshire Hathaway and increase the conglomerate's reliance on industrial companies.
A U.S. appeals court sided with Argentina Monday and restricted the number of plaintiffs who can sue the country in a class-action suit to recover funds from defaulted bonds.
In the midst of a global economic slowdown, Taiwan's exports dropped 11.9 percent to US$23.55 billion in July, marking the sixth consecutive month of decline, the Ministry of Finance (MOF, 財政部) reported on Friday.
Zurich Insurance reported Thursday first half net profits of US$2.1 billion (1.9 billion euros), down 3 percent over the same period last year, following large losses in its general insurance business.
Embattled U.S. comedian Bill Cosby admitted having supplied powerful sedatives to at least one woman in order to have sex with her, court documents unsealed on Monday showed.
Australia's central bank Tuesday kept interest rates on hold at 2.0 percent for the second-straight month, saying accommodative monetary policy was needed with economic growth subdued.
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