Thursday, January 29, 2015
Chinese regulators accused e-commerce giant Alibaba of permitting sales of fake goods and hurting consumers in a report that was withheld until now to avoid disrupting the company's U.S. stock market debut.
China's yuan has become the world's fifth most widely used payment currency, with the value of cross-border deals settled in it more than doubling in 2014, data from transactions organization SWIFT showed Wednesday.
The average price of the benchmark DRAM DDR 34Gb dynamic random access memory chip has fallen almost 4 percent on the spot market so far this year because of slow season effects in the first quarter, DRAMeXchange said Wednesday.
Thanks to falling oil prices and stable price levels in general, the local consumer confidence index (CCI) rose to all-time high of 88.23 points in January, according to a study conducted by the National Central University.
As some retailers are beginning to raise chicken prices, the Council of Agriculture (COA), Executive Yuan, said that the raise is unjustified as there is still plenty of inventory.
Taiwan is among the top five markets in terms of revenue for official Android app store Google Play, said Chris Yerga, vice president of Google engineering and head of Google Play Asia Pacific.
Taiwan has risen three notches to rank 14th in the Heritage Foundation's Index of Economic Freedom for 2015, extending gains made since 2009.
The U.S. dollar rose against the Taiwan dollar Wednesday, gaining NT$0.003 to close at NT$31.328 as the local central bank stepped in to help the U.S. currency recoup its earlier losses, dealers said.
Shares in Taiwan closed slightly lower Wednesday with select high tech stocks resilient to give support to the broader market, which cushioned a dive on Wall Street overnight, dealers said.
A pick-up in core consumer prices in Australia has reduced the likelihood of a near-term interest rate cut, even as official statistics showed Wednesday that plunging oil prices slowed inflation in the last three months of 2014.