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June, 28, 2016

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Business > Asia
1st global yuan-denominated forex options unveiled
The Taiwan Futures Exchange (TAIFEX) Monday unveiled two options contracts denominated in Chinese yuan on the exchange of the U.S. dollar against the yuan to provide investors with more hedging tools.
 
Pakistani roboteers hunt for global soccer glory
The little striker wearing a crescent moon and star jersey lines up his penalty and kicks right, netting his goal as the keeper dives the wrong way and hits the ground yelping in pain.
 
Taiwan tipped as a leader in medical aesthetic industry by dermatology firm Galderma
Galderma, a global dermatology company, last Monday named Taiwan as a leader in aesthetic treatment expertise in the Asia-Pacific region.
 
The National Stabilization Fund committee on Monday said it would hold off on deciding whether to enter the local bourse amid Brexit fluctuation.
 
Shares in Taiwan closed down on Monday but rebounded from early lows as investors showed less anxiety over the United Kingdom's vote last week to leave the European Union, dealers said.
 
Obi Pharma meets in annual gathering
Shareholders attend the annual shareholders meeting by the biopharmaceutical firm Obi Pharma Inc. (浩鼎) in Taipei on Monday, June 27. The Ruentex Group (潤泰集團) captured four out of seven seats on the Obi Pharma Inc. board of directors in the re-election on Monday, June 27.
 
Two of China's biggest steelmakers are planning to merge, they said, as the industry faces a global glut that has hammered producers worldwide.
 
State-owned Taiwan Power Co. (Taipower) said Sunday that it is preparing for its most challenging week ahead in providing power supplies, calling for efforts by the public to help reduce electricity use.
 
SEOUL - Seoul prosecutors arrested an executive of Volkswagen's South Korean unit on Friday, as part of an ongoing probe into the emissions fraud scandal that engulfed the German carmaker.
 
Yuanta-Polaris cuts GDP growth forecast to 0.9%
Yuanta-Polaris Research Institute (元大寶華綜經院) on Thursday lowered its annual economic growth forecast for Taiwan from 1.42 percent to 0.9 percent amid disappointing global demand.
 
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