Saturday, January 31, 2015
Falling prices sent another worrying signal about the eurozone economy just before the European Central Bank starts a 1 trillion euro (US$1.1 trillion) stimulus effort.
The U.S. economy slowed in the final three months of 2014 as a big burst in consumer spending was offset by weakness in other areas.
The newest tax reforms consolidating housing and property taxes, which are to be put into effect next year, are not in accordance with fair business practices and “open a door” for additional speculation on the housing market, according to former Taipei City Deputy Mayor and National Chengchi University (NCCU) professor Chang Chin-oh (張金鶚), who indicated that financial authorities have failed to adopt a progressive tax policy.
Seniors aged 55 and older in Taiwan are quickly bridging the digital divide — at least when it comes to mobile Internet use — according to a survey released yesterday by the Taiwan Network Information Center (TWNIC, 團法人台灣網路資訊中心).
Taiwanese credit-card spending in 2014 has reached the total sum of NT$2.06 trillion, marking the first time the number has broken the NT$2 trillion mark, according to statistics released by the Financial Supervisory Commission (FSC, 金管會).
Shares in Taiwan fell below 9,400 points Friday as the bellwether electronics sector, led by flat panel heavyweights, trended lower, hurting investor sentiment, dealers said.
The U.S. dollar rose against the New Taiwan dollar Friday, gaining NT$0.043 to close at NT$31.555 as intervention by Taiwan's central bank offset the impact of rising demand for the local currency ahead of the end of the month, dealers said.
Shares of AU Optronics Corp. (AUO, 友達), one of Taiwan's leading flat panel suppliers, came under heavy pressure Friday morning after it reported the previous day a higher than expected tax payment in the fourth quarter of last year.
The Federal Reserve has declared economic growth “solid.” But several new reports show most Americans are treading along a dangerous financial tightrope, where one slip could be devastating.
Honda Motor Co., the Japanese automaker at the center of an airbag defect scandal, lowered its annual earnings forecast Friday, after quarterly profit slipped 15 percent due to recall expenses.