Wednesday, October 15, 2014
Global wealth skyrocketed 8.3 percent over the past year to a record US$263 trillion, but the distribution of the riches has also become increasingly unequal, a Credit Suisse report said Tuesday.
As emerging countries gear up for global aircraft and engine production, Aerospace Industrial Development Corporation (AIDC) recently advised peers to step up toward Tier 2 and Tier 3 supply chains.
The 18th Taipei Innovative Textile Application Show (TITAS 2014) starts its three-day run today, featuring fashion and functional textiles for apparel, upholstery and industrial uses from 11 countries and regions.
The U.S. dollar fell against the Taiwan dollar Tuesday, shedding NT$0.020 to close at NT$30.430 as traders here took cues from the strength of other regional currencies to buy into the local currency, dealers said.
Shares in Taiwan staged a technical rebound yesterday as investors picked up stocks with relatively low valuations in the electronics and financial sectors, although further losses are expected down the road.
Share trading got off to a bleak start in Europe on Tuesday, following Wall Street's dismal performance the day before, and an Asian session that started out strong but faded as Japan's benchmark dived to a two-month low.
The dollar ticked up in Asia on Tuesday but gains were limited by concerns over slowing global economic growth and the possibility the U.S. Federal Reserve will refrain from an early interest rate rise.
Oil prices fell to fresh multi-year lows in Asian trade Tuesday, with analysts citing concerns about a supply glut and the effects of weaker demand from Europe and China.
Tuesday, October 14, 2014
World stock markets were lower Monday, shrugging off robust Chinese trade figures as investors exited riskier assets after concerns resurfaced about the global economic outlook.
The yen rose against the dollar in Asia Monday as concerns over the global economy sent traders fleeing to safer investments, analysts said.