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Tuesday, September 23, 2014
Gov't to pump over NT$70 billion into market
Liquidity pumped into the local stock market is expected to hit over NT$70 billion before elections in November, revealed Finance Minister Chang Sheng-ford (張盛和) on Monday.
The Singapore branch of Industrial and Commercial Bank of China (ICBC) recently issued 4 billion renminbi (RMB) in offshore bonds, with two tranches being the first dual-listed offshore RMB bonds on the over-the-counter (OTC) market.
As the economy continued to improve, Taiwan's unemployment fell to 4.08 percent in August, the lowest level for that month in 14 years, the Directorate General of Budget, Accounting and Statistics (DGBAS,主計總處) said Monday.
Local shares nosedived 1.14 percent to 9,134.65 as the bellwether electronics and financial sectors turned weak while the U.S. dollar fell against the New Taiwan dollar Monday, shedding NT$0.029 to close at NT$30.229.
Stock markets fell Monday ahead of a preliminary manufacturing survey from China that might show renewed weakness in the world's second-largest economy.
The dollar retreated in Asia on Monday after surging last week on hints by the U.S. Federal Reserve of higher than expected interest rates and Scotland's decision to stay in the United Kingdom.
Oil prices fell in Asia Monday as dealers await key Chinese manufacturing data for clues about demand in the world's top energy consumer, analysts said.
Friday, September 19, 2014
World stocks were mostly higher Thursday as Scotland voted in an independence referendum that could shake the UK economy and markets. Sentiment was underpinned by the U.S. Federal Reserve's signal it is not rushing to raise interest rates.
The dollar rose against most currencies in Asia Thursday after the U.S. Federal Reserve hinted interest rates could rise more than initially thought next year, while the pound dipped as Scotland goes to the polls in its independence referendum.
Crude prices fell in Asia Thursday following an unexpected surge in U.S. stockpiles and reports that the OPEC oil cartel is unlikely to slash production when it meets in November.
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