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Tuesday

May, 3, 2016

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Business > Asia
Shares in Taiwan closed lower, below the 8,700 point-mark Tuesday, led by Apple-concept stocks, as smartphone supply chains in Japan were disrupted by a series of earthquakes there last week, dealers said.
 
The five-day Taipei Spring Computer Show that ended Monday drew nearly the same number of people this year as last year despite a big drop in the number of exhibitors, according to the Taipei Computer Association, which organized the event.
 
Taiwan Stock Exchange Co. (TWSE, 台灣證券交易所) announced that the securities net overbought position by foreign investors was NT$29.21 billion during the week of April 11-15.
 
Experts from the United States Secret Service began a three-day seminar on detecting counterfeit U.S. dollars in Taipei on Monday, the Central Bank of the Republic of China (CBC) said.
 
South Korea on Tuesday cut its outlook for economic growth and inflation this year blaming slumping exports but kept interest rates on hold saying it expected to see a modest pick-up in the second quarter.
 
Tokyo led a recovery in Asian stock markets Tuesday, soaring more than three percent as dealers built on a strong lead from Wall Street and disappointment over failed oil talks gave way to hope for the global economy.
 
Inside China's 'Golden City': Lanzhou city's 'ramen rush'
One man's endeavor to introduce his beloved hometown's noodles to the world started to gain traction, as his dedication coincided with China's aggressive project to urbanize the northwest city of Lanzhou. At the rate storefronts are expanding in China and abroad, it won't be long before "Lanzhou Beef Noodles" becomes a globally renowned Chinese dish
 
The number of major players active on Taiwan's stock market in the first quarter of 2016 fell to a seven-year low, statistics compiled by the Financial Supervisory Commission (FSC, 金管會) showed Monday.
 
Air France resumed flights to Iran Sunday after last year's landmark deal to curb Iranian nuclear activities, as part of larger French and European efforts to rebuild trade ties long frozen by sanctions.
 
Auto manufacturers in Taiwan are likely to pick up slack orders after earthquakes that hit Japan's industrial hub Kumamoto forced Toyota and Honda to scale down production.
 
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