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Tuesday, August 5, 2014
Due to a series of explosions that tore apart Kaohsiung City last Thursday, stock prices of LCY Chemical Corp. (李長榮化工), the company that has received much of the blame for the accident, plummeted for two continuous days and lost NT$2.8 billion in value on the stock market.
Investors who are channeling funds into emerging markets at record highs should note that growth in these economies is expected to slow down.
World stock markets were mostly higher Monday after a sixth month of healthy employment growth in the U.S., but gains were tempered by jitters over Argentina's debt default and a Portuguese bank bailout.
The euro slipped against the dollar in Asia on Monday following news of a bailout for a crisis-hit Portuguese bank, while the dollar held steady after falling on U.S. jobs data.
Oil prices rose in Asia Monday, but analysts said gains were capped following weakened demand caused by refinery shutdowns and easing concerns about armed conflicts around the world.
Saturday, August 2, 2014
The World Trade Organization (WTO) on Thursday said its 160 members had failed to agree a landmark global customs pact in a move the U.S. said left the body on “uncertain new ground.”
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The dollar inched up against other major currencies in Asia on Friday as market players expected upcoming U.S. jobs data would be solid.
Europe's stock markets slid for a second day running on Friday in volatile trading as investors awaited key U.S. jobs data.
World oil prices fell on Friday, coming under pressure following an equities sell-off and ahead of vital U.S. payrolls data, analysts said.
Friday, August 1, 2014
Interest rates rises could thwart G-20 growth goal
The G-20's pledge to boost growth could be wiped out by rising interest rates and weakening emerging economies, an IMF report said, as Chief Christine Lagarde warned Thursday of “slow” progress in reaching the goal.
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