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December, 7, 2016

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Business > Asia > Taiwan
Nestlé takes up the pink ribbon cause
The number of deaths caused by breast cancer has recently gone up considerably in Taiwan: Breast cancer now ranks fourth among all causes of death in Taiwanese women.
Despite signs that the domestic economy is improving, many employers in Taiwan are more cautious than in the past about hiring workers in the fourth quarter, a survey released by online job bank 1111 showed Tuesday.
Shares in Taiwan recovered earlier losses to close in positive territory Thursday due to late-session buying in select large-cap stocks, in particular in the bellwether electronics sector, dealers said.
The U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.024 to close at NT$31.371, as renewed fears over an interest rate hike by the U.S. Federal Reserve prompted traders here to cut their holdings in the local currency, dealers said.
Taiwan's stock market moved higher Tuesday, buoyed by support from foreign institutional investors for large-cap stocks.
Increased consumer demand helped lift industrial output in August by 7.74 percent from a year ago, the greatest annual increase in more than 12 months, according to a report released Tuesday by the Economics Ministry.
Taiwan rose one notch to 14th in the World Economic Forum's (WEF) latest Global Competitiveness Report and remained fourth in Asia but fell to fifth among countries in the Asia-Pacific region.
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Crate and Barrel opens second Taiwan store
Lifestyle brand Crate and Barrel's second Taiwan store opened Thursday, Sept. 22 at Taichung's Top City Department Store (台中大遠百). The international lifestyle chain invited the public to "linger and learn" about its classic and latest collections of home accessories and furniture.
China invested more money abroad last year than foreign firms piled into the country, data showed Thursday, a first for the world's second-largest economy as Beijing looks overseas as part of its drive to transform its economic growth model.
The U.S. dollar fell against the New Taiwan dollar Thursday, shedding NT$0.030 to close at NT$31.400 after the U.S. Federal Reserve left its key interest rates unchanged in a policymaking meeting concluded overnight, dealers said.
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