Wednesday, November 19, 2014
Oil prices extended their losses in Asia Tuesday after Japan's economy slumped into recession, while prospects for an OPEC output cut dimmed, analysts said.
Spanish energy firm Repsol will on Tuesday start prospecting for oil in the waters off the Canary Islands if the weather permits, a company spokesman said, despite objections from environmentalists and the local government.
Tuesday, November 18, 2014
The growth of Taiwan's manufacturing sector will dip to 2.86 percent next year, lower than this year's 3.26 percent, the government-sponsored Industrial Economics and Knowledge Center (IEK) forecast yesterday.
The Labor Pension Fund (勞工退休金) Defined Contribution (DC) New Scheme has recently put up NT$30-billion worth of relative return domestic mandates for tender, according to an Economic Daily News report.
As the central bank reiterated the dynamic stability policy for the New Taiwan dollar, the U.S. dollar fell against the local currency unit by NT$0.027 to close at NT$30.739 on Monday.
Taiwan's Asustek Computer Inc. (華碩電腦) remained the world's third-largest tablet maker in the third quarter of this year, chased closely by China's Lenovo Group Ltd. (聯想集團), according to data from research firm Strategy Analytics.
Position of securities net overbought by foreign investors in Taiwan was NT$23.53 billion during the week of Nov. 10 to 14, compared with NT$22.49 billion for a week earlier.
Taiwan shares lost ground Monday due to market concerns over the launch of a stock link mechanism between Shanghai and Hong Kong, dealers said.
Japanese shares led declines in global Asian stock indexes on Monday after preliminary quarterly economic data showed the country returned to recession. Shanghai stocks rose briefly as international investors piled into the Chinese market on the debut of a landmark cross-border trading link giving greater access to outsiders, but ended lower after the daily quota was reached.
Total rice output in the Mekong Delta this year is estimated to be 500,000 tonnes higher against last year, due to farmers taking action after agriculture officials urged them to use high-quality, high-yield varieties that are disease-resistant and mature within 85 to 95 days.