Thursday, August 27, 2015
Australia's city of Newcastle, New South Wales, which claims the world's biggest coal export port, said Wednesday it will pull money out of fossil fuel industries as it invests in more sustainable enterprises.
Shares fell Wednesday in Europe and Asian markets were mixed as an initial burst of euphoria over an interest rate cut by mainland China the day before succumbed to lingering worries over longer-term problems with its economy.
Employees of one of mainland China's biggest securities firms and one current and one former employee of its market regulator are under investigation on suspicion of illegal stock trading, state media reported Wednesday, amid the collapse of a stock price boom.
Wednesday, August 26, 2015
The head of Taiwan's leading representative of industries stated yesterday that a return to the predicament of "unpaid work leave" was a possibility due to current economic uncertainties.
With the stock market's recent plunge, the nation may see negative GDP growth in the third quarter, and "1-percent growth" will be the new target that Taiwan has to aim for this year, the Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) said yesterday.
The U.S. dollar fell against the New Taiwan dollar Tuesday, shedding NT$0.081 to close at NT$32.879 as the local equity market staged a strong rebound, boosting demand for the local currency, dealers said.
CTBC Bank (中國信託) yesterday announced the creation of the CTBC Anti-Drug Educational Foundation (中國信託反毒教育基金會), Taiwan's first corporate-backed anti-drug organization, in an effort to instill a drug-free environment in Taiwan.
Mainland China's former finance authority deputy head Jin Liqun has been elected to head the new Asian Infrastructure Investment Bank (AIIB), the mainland Chinese authorities said Tuesday.
Asian markets were mixed after a seesaw session on Tuesday, with Tokyo diving and Shanghai extending its worst rout in almost 20 years, while other regional markets bounced into positive territory.
Japan's finance minister on Tuesday warned over the yen's rapid rise after the U.S. dollar plunged to a seven-month low against the unit on fears over China's economy and global growth.