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December, 7, 2016

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Business > Asia
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).
 
Hong Kong-Shenzhen bourse link off to poor start
A long-delayed trading link between the exchanges of Hong Kong and Shenzhen in China made a disappointing debut Monday, with markets on both sides of the border ending lower.
 
China market embraces Christmas
A woman and a child pose for a souvenir photo near a Christmas lights decoration on display outside an office building in Beijing, Thursday, Dec. 1. Although Christmas is not traditionally celebrated in China, a growing number of businesses are trying to whirl up some holiday spirit -- and shopping.
 
India said old notes would no longer be accepted at gas stations after Friday, fueling anger over the scrapping of high denomination bills that has caused an unprecedented cash crunch.
 
Singapore's financial regulator said Friday it has fined two British banks and barred a former Goldman Sachs banker in a widening crackdown on money laundering linked to Malaysian state fund 1MDB.
 
Taiwanese artificial intelligence (AI) startup Appier (沛星互動科技) announced Thursday it had received NT$620 million (US$19.5 million) in foreign funding from its recent Series B round of fundraising.
 
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