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September, 25, 2016

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Business > Global Markets
Oil prices fell Friday as OPEC's key producers cast doubt on the need to cut output, denting hopes of a deal to tackle a global supply glut.
 
The Taiwan Stock Exchange (TWSE) has asked listed firms to disclose sensitive information earlier than was previously required to give investors quicker access to it and help them make more informed investment decisions.
 
The U.S. dollar dipped Friday as dealers focus on a speech by Federal Reserve boss Janet Yellen later in the day they hope will supply fresh clues about the central bank's outlook for the U.S. economy and monetary policy plans.
 
The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.002 to close at NT$31.672 after moving in consolidation mode amid cautious sentiment ahead of a speech by U.S. Federal Reserve Chairwoman Janet Yellen later in the day, dealers said.
 
Shares in Taiwan closed slightly higher Friday in thin trading as many investors were cautious ahead of a speech by U.S. Federal Reserve Chairwoman Janet Yellen later in the day at a global central banker meeting in Wyoming, dealers said.
 
The Obama administration is nominating current World Bank President Jim Yong Kim for a second term leading the 189-nation international lending organization.
 
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.
 
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