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July, 1, 2016

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Business > Asia
The central bank of the Republic of China (Taiwan) cut its key interest rates by 0.125 percentage points Thursday after concluding a quarterly policymaking meeting.
 
The U.S. dollar fell against the New Taiwan dollar Thursday, shedding NT$0.057 to close at NT$32.286 as the foreign exchange markets in the region climbed out of the Brexit shadow, dealers said.
 
Cheaper homes are expected in next six months, says survey
Forty-six percent of people believe the next six months will be a prime time to make a home purchase -- nearly double the 24 percent who felt the same way just a quarter earlier, according to a Yung Ching Realty Group (永慶房屋) survey released Wednesday.
 
Amid lingering concerns over the local economy, Taiwan's consumer confidence index (CCI) for June fell to its lowest level in two and a half years, National Central University (NCU) said.
 
The Taiwan Stock Exchange (TWSE) is planning to launch dual currency-denominated exchange traded fund (ETF) transactions in August in a bid to provide investors more securities trading options.
 
Shares in Taiwan ended higher Wednesday, driven by rebounds in markets in the United States following tumbles caused by the United Kingdom's decision to leave the European Union, dealers said.
 
The pound held steady Wednesday and demand for higher-yielding currencies picked up as traders considered a meeting of Japanese officials and the possibility of fresh stimulus to counter the impact of Britain's EU exit.
 
The Taiwan Stock Exchange Corporation (TWSE) and Bursa Malaysia Berhad (Bursa Malaysia) signed the second Memorandum of Understanding (MOU) to undertake a joint study to explore capital market opportunities to expand various areas of potential cross-border cooperation, .........
 
A total of 10 direct charter flights will be offered from Hong Kong to Hualien in Eastern Taiwan over the summer, a Hualien tourism official said.
 
President Tsai Ing-wen witnessed the signing of an aviation treaty between the Republic of China and Paraguay, Taiwan's only diplomatic ally in South America.
 
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