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August, 26, 2016

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Business > Global Markets
Bold moves, tepid gains: Have central banks met their limit?
The world's key central banks have worked themselves into contortions to try to rev up economic growth, raise inflation and coax consumers and businesses to borrow and spend more.
 
Shares in Taiwan closed above the 9,100-point mark Thursday as the electronics and financial sectors rebounded from the recent sessions, dealers said.
 
The U.S. dollar fell against the Taiwan dollar Thursday, shedding NT$0.102 to close at NT$31.670 as aggressive foreign institutional buying in local equities gave a strong hint to currency traders to pick up the local currency, dealers said.
 
The number of unemployed young people is set to swell by 500,000 worldwide this year to reach 71 million, marking the first hike in three years, the U.N. said Wednesday.
 
Oil prices turned higher in Asian trade Thursday, a day after suffering hefty losses in response to data showing a surprise jump in U.S. stockpiles, while hopes for a deal to limit output were dealt a blow.
 
Kim to seek second term as World Bank chief
World Bank chief Jim Yong Kim will seek a second term of office, the global development lender said Tuesday as it announced the start of a selection process for the presidency.
 
The U.S. dollar rose Wednesday with the Federal Reserve's policy plans in focus, while the South Korean won fell after the North tested a submarine-launched missile, bringing geopolitical tensions back into focus.
 
Oil fell in Asia Wednesday on oversupply fears, after data showed an increase in U.S. crude stocks, and as traders took advantage of a recent rally to book profits.
 
Energy firms sank in Asian trade on Tuesday as oil prices extended the previous day's sharp losses due to profit-taking after a recent rally and fresh worries about a global oversupply.
 
Domestic demand gives boost to Asian economies
Loose monetary policy should support growth in Asia in coming months, economists say, but regional growth is likely to be negatively affected by a slowdown in China and possible Brexit fallout.
 
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