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April 25, 2017

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Business > Global Markets
Demand for gold rose in 2016 to a three-year high, aided by keen investment appetite for the precious metal, the World Gold Council said Friday in a report.
 
Europe stocks diverge, Asia markets down
European stock markets diverged and Asia's leading indices closed lower Thursday as investors digested the Federal Reserve's latest outlook and a raft of corporate earnings reports.
 
Retailers, trade groups increase fight against tax proposal
More than 100 retailers including Wal-Mart and Target as well as key trade associations are launching a new coalition aimed at fighting a Republican proposal on how imports get taxed, a measure they believe would harm their businesses.
 
Year of the Monkey gives Taiwan dollar an unusual boost
The Taiwan dollar rose nearly 7 percent during the Year of the Monkey that ended Friday, the first lunar year during which the Taiwan dollar appreciated since the Year of the Dragon from 2012 to 2013.
 
The global rally in stocks pushed into another day, with Tokyo leading a surge in Asian markets Thursday following another record close on Wall Street that saw the Dow hit a historic milestone.
 
Stock markets climb as Trump fears ease
Asian and European markets pushed higher Wednesday, tracking a record close on Wall Street as investor concerns eased over Donald Trump's lack of domestic policies.
 
Investors in the local main board raked in about NT$420,000 (US$13,384) in profit on average in the year of the monkey after the market closed Tuesday, the last trading session of the year on the lunar calendar, statistics show.
 
The U.S. dollar fell against the Taiwan dollar on Tuesday, shedding NT$0.049 to close at NT$31.382, as foreign investors continued to move funds into the region, dealers said.
 
China's Alibaba quarterly revenue surges 54% to US$7.7 billion
Chinese e-commerce giant Alibaba said Tuesday its revenues leapt 54 percent year-on-year for the quarter ended in December, spurred by rapid growth in Chinese online shopping.
 
Economics Apple tops Taiwan's smartphone sales for 4th straight month
Apple Inc. ranked as the best smartphone vendor in Taiwan in terms of both sales volume and value last December, holding that spot for the fourth consecutive month, following the launch of its latest iPhone models, industry sources said Tuesday.
 
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