Saturday, November 28, 2015
A plunge in mainland Chinese stocks dragged Asian markets down Friday after authorities launched a probe into several brokerages and profits at the country's industrial giants sank far more than expected.
The euro on Friday hovered around seven-month lows on the U.S. dollar and was also weak against Asian currencies on speculation that the European Central Bank will unleash fresh stimulus measures next week.
Friday, November 27, 2015
Economics Minister John Chen-chung Deng (鄧振中) said Thursday that Taiwan prioritizes a trade-in-goods agreement with China over the U.S.-led Trans-Pacific Partnership (TPP) for the moment, adding that he hopes talks on the trade pact with mainland China will make a breakthrough by the end of this year.
A 71-year-old mainland China journalist imprisoned on a state secrets conviction was released for medical reasons after pleading guilty during a closed-door appeal hearing, her lawyers and state media said.
The Taiwan Textile Federation (TTF, 中華民國紡織業拓展會) celebrated its 40 year anniversary Wednesday.
The Taipei Exchange (TPEx), which promotes over-the counter trading of securities in Taiwan, signed a memorandum of understanding with the Canadian Securities Exchange to help emerging enterprises find more funding.
The economic index for the real estate industry jumped 5.78 points to 80.24 in October, the highest mark this year so far, according to a report released by the Taiwan Institute of Economic Research (TIER, 台經院).
Along with Taipei's sky-high housing prices, buying a parking space in the capital city is a very costly endeavor, with the most expensive one priced at NT$8.2 million (US$252,392), according to surveys conducted by local realtors.
Shares in Taiwan made a significant comeback Thursday as investors scrambled to buy into large-cap stocks across the board, taking advantage of relatively low valuations caused by losses seen in recent sessions, dealers said.
The U.S. dollar rose against the New Taiwan dollar Thursday, gaining NT$0.054 to close at NT$32.701 after Taiwan's central bank intervened to prop up the greenback, dealers said.