Thursday, March 6, 2014
China is targeting growth of about 7.5 percent in 2014, Premier Li Keqiang said Wednesday, promising to “declare war” on pollution as the government pledges to transform the world's second-largest economy.
Australia's economy expanded a better-than-expected 0.8 percent in the last three months of 2013 as the commodity-powered nation's transition away from its reliance on the mining sector picked up speed, data showed Wednesday.
A 24-year-old Hong Kong-based woman has been named the world's youngest billionaire, replacing a former Facebook co-founder and spurring gossip in the city.
Global personal computer shipments are expected to fall by an annual 6.1 percent in 2014 as demand in emerging markets weakens, according to PC market tracker International Data Corp. (IDC).
The consumer price index (CPI) in February was pegged at 102.85, down 0.4 percent from January and 0.05 percent from a year ago, according to a report released by the Directorate-General of Budget, Accounting and Statistics (DGBAS) yesterday.
In light of the Cabinet's proposed plans to raise the business tax on financial services from the current 2 percent back to the pre-2008 global financial crisis rate of 5 percent, lawmakers yesterday demanded the eight state-run banks not lay the impending burdens on consumers.
Taiwan's foreign exchange reserves hit a record high of US$417.98 billion at end of February, the Central Bank said Wednesday.
Shares in Taiwan staged a technical rebound Wednesday as investors were encouraged by rallies on Wall Street and European markets overnight on the back of eased tension in Ukraine, dealers said.
The U.S. dollar fell against the Taiwan dollar Wednesday, shedding NT$0.028 to close at NT$30.352 as foreign fund inflows into Asia resumed amid eased tensions in Ukraine, dealers said.
Thanks to a steady economic recovery in Europe and the United States, the tense situation in Ukraine has had no immediate impact on Taiwan's exports and imports, the Bureau of Foreign Trade (BOFT) said Tuesday.