International Edition

Wednesday

June, 1, 2016

Breaking News, World News and Taiwan News.
About Us
Subscribe
Advertise
Contact Us
 
 
Business Topics
  Asia    Americas    Europe
  Middle East    Africa    Company Focus    
 
 
Business > Global Markets
Pumping up the world economy is an "urgent priority" G-7 leaders said Friday, as they warned there could be dire global consequences if Britain decides to leave the EU.
 
Shares in Taiwan moved higher Friday as investors were encouraged by a deal to set up an integrated circuit packaging and testing firm in Taiwan, prompting them to pick up semiconductor stocks, dealers said.
 
The yen ticked up in thin trading against the U.S. dollar and euro Friday after the G-7 reaffirmed previous commitments not to intervene in foreign exchange markets.
 
Oil prices dipped in Asia Friday, pulling back further from the psychological US$50 level as traders took profit and expectations of tighter global supply receded.
 
Shares of Advanced Semiconductor Engineering Inc. (ASE,日月光) and Siliconware Precision Industries Co. (SPIL, 矽品) got a boost Friday as the two largest integrated circuit packaging and testing services providers in Taiwan prepared to form a joint holding company, dealers said.
 
The U.S. dollar fell against the New Taiwan dollar Friday, shedding NT$0.048 to close at NT$32.528 as foreign investors continued to move funds into the country, dealers said.
 
Japan urges G-7 to avert another economic crisis
Japanese Prime Minister Shinzo Abe is urging fellow leaders of the Group of Seven advanced economies to avert another global crisis by acting to rescue the faltering global recovery.
 
Oil prices surge above US$50 a barrel for first time this year
Oil prices jumped Thursday above US$50 for the first time this year as a long-lasting global supply glut shows increased signs of easing. In a boost for countries exporting crude, including the likes of crisis-hit Venezuela, prices are once more on the rise having nosedived from above US$100 a barrel two years ago to around US$27 in early 2016.
 
Higher-yielding currencies in Asia moved higher against the U.S. dollar Thursday, as sentiment in emerging markets picked up as Brent crude passed US$50 a barrel for the first time this year.
 
The U.S. dollar held gains against the yen Wednesday after risk appetite among Asian investors jumped on the back of rising expectations of a rise in U.S. borrowing costs.
 
Calendar  
  
1   2   3   4   5   6   7   8   9   10    <   Prev    Next   >
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search