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May, 5, 2016

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Business > Asia
Shares in Taiwan took another plunge Wednesday to close below the 8,200-point mark, with downward pressure rotating to the old economy and financial sectors, as investor confidence in market prospects was hurt by massive foreign institutional selling a session earlier, dealers said.
 
Suppliers should use the Ministry of Labor's direct hiring service to meet the increasing demand from buyers for fair treatment of foreign workers, the ministry's Workforce Development Agency said Wednesday.
 
China, Japan growth to slow sharply in 2016: IMF
China and Japan's economies are expected to slow sharply over the next two years but Asian growth will remain strong as domestic demand takes up the slack from weak global trade, the IMF said Tuesday.
 
Chinese factory activity weakened further in April, a private survey indicated Tuesday, as muted demand and market weakness hit the struggling export-oriented sector.
 
A rare violet diamond, the largest of its kind ever found at Australia's remote Argyle mine, will be the centerpiece of Rio Tinto's annual pink diamonds showcase, the company said Tuesday.
 
Shares in Taiwan slid Tuesday for the third straight session, falling 1 percent to end below 8,300 points after the three-day Labor Day holiday as investors stayed on the sidelines amid weak global markets, dealers said.
 
The Financial Supervisory Commission (FSC,金融監督管理委員會) will finalize its policy allowing female mainland Chinese investors to purchase stock-based funds in Taiwan, as well as its plan to approve the use of the Apple Pay system in Taiwan, before the changeover of government on May 20, a top financial official said on Monday.
 
Taiwan's purchasing managers index (PMI) for manufacturing activity edged lower in April, indicating continued weakness in the sector, the Chung-Hua Institution for Economic Research (CIER) said Tuesday.
 
Siemens is paving the way toward industrial digitalization.
 
The U.S. dollar struggled at multi-month lows against the yen and euro Tuesday following more weak U.S. data, while most stock markets rose in line with a strong lead from Wall Street.
 
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