Asian stock markets were mixed Friday, with investors preferring to sit on the sidelines ahead of U.S. Federal Reserve Chairwoman Janet Yellen's speech for cues on the timing of the next policy rate hike.
Volkswagen has reached a tentative deal with its U.S. dealers to compensate them for losses they said they suffered as a result of the company's emissions cheating scandal, attorneys for the carmaker and dealers told a federal judge Thursday.
Oil prices fell Friday as OPEC's key producers cast doubt on the need to cut output, denting hopes of a deal to tackle a global supply glut.
The Taiwan Stock Exchange (TWSE) has asked listed firms to disclose sensitive information earlier than was previously required to give investors quicker access to it and help them make more informed investment decisions.
The U.S. dollar dipped Friday as dealers focus on a speech by Federal Reserve boss Janet Yellen later in the day they hope will supply fresh clues about the central bank's outlook for the U.S. economy and monetary policy plans.
Switzerland may have voted against the controversial idea of paying all its citizens a guaranteed income, but Finland indicated Thursday it plans to try out a monthly basic payment of 560 euros (US$600).
The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.002 to close at NT$31.672 after moving in consolidation mode amid cautious sentiment ahead of a speech by U.S. Federal Reserve Chairwoman Janet Yellen later in the day, dealers said.
It's perhaps the most contrarian move in investing today: Trust a stock picker. Investors have been dumping funds run by managers who try to beat the market, and they're pouring money instead into those that track the Standard & Poor's 500 or other indexes.
Minister of Economic Affairs Lee Chih-kung (李世光) said Taiwan was suited for smart manufacturing development because of its solid foundation in manufacturing, as well as its partnership with Germany, which is known for industry 4.0 development.
Shares in Taiwan closed slightly higher Friday in thin trading as many investors were cautious ahead of a speech by U.S. Federal Reserve Chairwoman Janet Yellen later in the day at a global central banker meeting in Wyoming, dealers said.