Thursday, December 12, 2013
The failure to finalize a landmark trans-Pacific trade pact this year as planned has dealt a blow to President Barack Obama's policy pivot to Asia.
Australia eased foreign ownership restrictions on Chinese state-owned coal firm Yanzhou Wednesday to help shore up the miner amid tough conditions in the sector.
Helen Qiao, Greater China chief economist at Morgan Stanley, yesterday stated that interest rates in Taiwan are expected to trend upwards toward the end of next year.
Propelled by Google's announcement of its intent to double its investments in Taiwan to US$600 million, shares of computing server module makers mounted spirited rallies during yesterday's trading.
Shares in Taiwan closed lower Wednesday amid renewed concerns over the global economy as investors feared that a budget cut in the U.S. will have an impact on the already fragile economic recovery, dealers said.
Google Inc. said Wednesday it will double its original planned investment of US$300 million in a data center in central Taiwan to US$600 million.
Eyeing the demand for cash by individuals and small- to medium-sized businesses (SMBs) during the Lunar New Year, DBS Taiwan has recently commenced its annual “Red Envelope Loan” (紅包貸) service.
The U.S. dollar rose against the Taiwan dollar Wednesday, gaining NT$0.005 to close at the day's high of NT$29.640 as the local central bank's continued intervention helped the greenback recoup its earlier losses, dealers said.
Auto giant General Motors said Wednesday it will close its Holden plants in Australia by 2017, prompting Toyota to review its operations as unions warned the car industry was finished.