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December, 9, 2016

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Business > Asia
China has indicated it may relax restrictions on foreign investment in some sectors as it struggles to balance an overseas exodus of capital and faces accusations of protectionism from U.S. President-elect Donald Trump.
 
Shares in Taiwan moved sharply higher to close above the 9,300 point mark on Thursday as buying was sparked by all-time highs posted by the Dow Jones Industrial Average and the S&P 500 index on Wall Street overnight, dealers said.
 
Travel website TripAdvisor on Wednesday recommended Hualien as an ideal travel destination while announcing its annual "Travellers' Choice Awards for Destinations on the Rise," which ranked the Eastern Taiwan county the seventh-best destination in Asia.
 
Taiwan's exports in November are expected to post double-digit year-on-year growth thanks to an economic recovery in the second half of this year, Minister of Finance Sheu Yu-jer said Wednesday.
 
Budget with a beat
This photo taken Wednesday, Dec. 7 shows a colorful plane from budget carrier Peach Airlines featuring a blow-up photograph of famous Japanese band Ketsumeishi.
 
Australia's central bank keeps its interest rates unchanged
Australia's central bank held interest rates at a record low of 1.50 percent Tuesday despite a recent run of soft economic data but weak inflation figures kept the door open for future cuts.
 
Financial advisors with international accounting firm PricewaterhouseCoopers (PwC) on Tuesday released tax suggestions for local firms with operations in the United States and U.S. nationals. The suggestions come after President-elect Donald Trump stated one of his top priorities is comprehensive tax reform to significantly lower individual and corporate tax rates.
 
Shares in Taiwan made a significant comeback on Tuesday on the back of a record high posted by the Dow Jones Industrial Average overnight as investors shrugged off the defeat of a referendum in Italy, dealers said.
 
The U.S. dollar fell against the New Taiwan dollar on Tuesday, shedding NT$0.043 to close at NT$31.952 as local traders were sufficiently encouraged by the rebound staged by other regional currencies that they bought New Taiwan dollars, dealers said.
 
Just in time for Christmas?
This Tuesday, Dec. 6 photo shows equipment for a virtual reality (VR) rock-climbing game developed by the Ministry of Economic Affairs (MOEA).
 
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