Tuesday, August 4, 2015
A key gauge of Chinese manufacturing activity plunged to a two-year low in July, an independent survey showed Monday, the latest data suggesting the world's second-largest economy faces downward pressure in the third quarter.
The Purchasing Manager Index (PMI) dipped 2.2 points to 48.6 in July indicating a contraction in the manufacturing sector, the Chung-Hua Institution for Economic Research (CIER, 中經院) reported yesterday.
Audi showcased its twin 2016 coupes, the TT and the TTS recently in Xinyi District, the automaker said.
Samsung Electronics Co. is planning to launch its new Galaxy Note 5 phablet in Taiwan one day after the handset's global debut, as the world's largest smartphone maker seeks to maintain its high-end market share.
Shares in Taiwan took a beating Monday as heavy selling pressure emerged in response to the country's poor economic data and a more pessimistic outlook for the hi-tech sector for the second half of the year, dealers said.
British banking group Barclays Plc has slashed its forecast for Taiwan's economic growth in 2015 by 1.7 percentage points to 2 percent, mainly reflecting the country's much weaker than expected economic performance in the second quarter.
Exports of Taiwanese lychees, mangoes and dragon fruit to Japan and South Korea more than doubled this year, thanks to relaxations in those countries' qualification requirements, according to the Bureau of Animal and Plant Health Inspection and Quarantine.
In a bid to enhance the caliber and pervasiveness of Taiwan's corporate sustainability and social responsibility, the Taiwan Institute for Sustainable Energy (TAISE, 永續能源基金會) extended invitations to 27 leading domestic enterprises to jointly form the Center for Corporate Sustainability (CCS), which was recently launched at its offices on the 43rd floor of the Shin Kwong Life Insurance Tower.
Inflation remained unchanged yet high in Indonesia in July despite predictions of easing, as consumers stocked up on food and transport tickets ahead of the Muslim holiday of Eid, government data showed Monday.
Asian markets fell Monday as China shares were dragged down by poor manufacturing figures and investors followed a drop on Wall Street.