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Friday, October 2, 2015
Emerging market currencies strengthened against the U.S. dollar Thursday, helped by an upbeat mood across Asian equity markets on speculation of increased monetary stimulus.
Thursday, October 1, 2015
Taiwan fell by one spot to No. 15 on the World Economic Forum's (WEF) Global Competitiveness Report 2015-2016, which was released yesterday.
Taiwan-based Hon Hai Precision Industry Co. (鴻海), the world's largest contract electronics maker, is planning to ask Apple Inc. to jointly invest funds to buy a stake in Japan-based Sharp's liquid crystal display business, according to Japanese newspaper Mainichi Shimbun.
ABA general meeting and conference kicks off in November in Taipei
The 32nd Asian Bankers Association (ABA) general meeting and conference will be held in Taipei from Nov. 12 to Nov. 13, with this year's theme as "Asian Bankers: Growing Beyond Borders."
The Finance Ministry (財政部) said it aims to expedite the administrative processing of public investment contracts, as well as to sign up to NT$100 billion worth of projects by year's end.
The U.S. dollar fell against the New Taiwan dollar Wednesday, shedding NT$0.164 to close at NT$33.128 as local exporters dumped the greenback in exchange for the local currency to meet their end-of-quarter New Taiwan dollar funding needs, dealers said.
Top trade representatives of 12 Pacific Rim countries begin two days of talks in Atlanta Wednesday hoping to finalize the ambitious Trans-Pacific Partnership Agreement after July negotiations in Hawaii failed.
Japanese factory production fell unexpectedly for a second month in August, data showed Wednesday as a slowdown in mainland China and weak domestic spending hit Prime Minister Shinzo Abe's efforts to kickstart the world's number three economy.
Mainland China's securities regulator has announced the first penalties for violators of a ban imposed in July on stock sales by major shareholders as part of frantic efforts to stem a slide in prices.
Mainland China said Wednesday it will halve purchase taxes on vehicles with small engines, in an attempt to boost sales in the world's largest car market where demand has weakened.
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