Wednesday, July 23, 2014
Shares in Taiwan closed higher Tuesday as buying rotated to select high-tech stocks such as personal computer firms and memory chip suppliers, but the index ended shy of the 9,500-point mark, dealers said.
The U.S. dollar fell against the New Taiwan dollar Tuesday, shedding NT$0.002 to close at NT$30.035 as traders were encouraged by the strength of other regional currencies to raise their holdings in the local unit, dealers said.
Japan on Tuesday cut its fiscal year growth forecast for the world's number three economy, blaming weak exports and rising imports as well as the impact of April's sales tax hike on consumer spending and business confidence.
Chinese police are questioning staff of U.S. food supplier OSI Group for selling expired meat, state media said Tuesday, as a newspaper blasted foreign brands for failing to adopt a “dedicated attitude” toward local consumers.
Japan and Mongolia will sign a free-trade deal when their leaders hold talks in Tokyo later Tuesday, reports said, as Japan looks to tap the country's fast-growing economy and huge natural resources.
Tuesday, July 22, 2014
Fewer companies in Taiwan plan to give their employees a raise than a year ago despite the improving economy, according to the results of a survey released Monday.
An auto parts trade show held by Taiwan's main trade promotion body concluded in Myanmar on Monday after attracting a sizable crowd of buyers, the organizers said.
Thanks to a recovering economy and a surge in demand for electronics products, export orders saw double digit growth in June, according to a report released by the Ministry of Economic Affairs (MOEA) yesterday.
The central bank yesterday announced that in order to suppress rampantly rising housing prices, mortgages for individuals currently with three properties under their name will be limited to 50 percent of the purchase price.
Taiwan shares closed up 40.0 points, or 0.42 percent, at 9,440.97 Monday on turnover of NT$90.3 billion (US$3.0 billion), while the U.S. dollar fell NT$0.014 to close at NT$30.037 in Taipei.