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Friday, November 27, 2015
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.
Thursday, November 26, 2015
TSMC head points to 2 drawbacks of investing
Rationing of electricity and protests by environmentalists are the main disadvantages of making investments in Taiwan, said Morris Chang (張忠謀), chairman of Taiwan Semiconductor Manufacturing Company (TSMC, 台積電).
The local manufacturing sector is likely to stage a rebound in the fourth quarter of this year based on the latest data released by the Taiwan Institute of Economic Research (TIER), the think tank said Wednesday.
The Financial Supervisory Commission (FSC, 金管會) said it has begun to assess the feasibility of allowing unlimited day trading as part of a fresh market stimulus slated for January.
Shares in Taiwan extended losses from a session earlier to close below the 8,400 point mark Wednesday as large-cap stocks almost across the board faced downward pressure, dealers said.
Minister of Finance Chang Sheng-ford (張盛和) said Wednesday that terror fears worldwide are likely to impose an adverse impact on Taiwan's exports.
The U.S. dollar fell against the New Taiwan dollar Wednesday, shedding NT$0.099 to close at NT$32.647 on the back of the continued month-end New Taiwan dollar-denominated fund demand from Taiwanese exporters, dealers said.
Singapore lowered its growth forecast for 2015 because of weakness in manufacturing and said gains will continue to be modest next year even as the global economy improves.
Asian stock markets retreated Wednesday, with airlines taking a hit as dealers fret over increased geopolitical tensions following the downing of a Russian jet by Turkey.
Wednesday, November 25, 2015
The Executive Yuan decided Tuesday to inject more funds into a stimulus package to help boost domestic consumption, an official responsible for the country's economic planning said that day.
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