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July, 26, 2016

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Business
Britain's vote to leave the EU has had a limited impact on business confidence in Germany, with belief in domestic strength still strong, a key survey showed on Monday.
 
The U.S. dollar rose against the Taiwan dollar Monday, gaining NT$0.070 to close at NT$32.140 as traders here were encouraged by recent positive economic data in Washington to buy into the U.S. currency, dealers said.
 > Taiwan
 
The Ministry of Economic Affairs (經濟部) announced on Thursday that a delegation will visit Tokyo and Osaka from October 21 to 26 to attract talent from Japan.
 > Taiwan
 
Uniqlo to widen reach in Thailand with online store
UNIQLO, Japan's global fashion label, will open an online store for the Thai market this Friday, in a move that will complement its physical stores by offering unlimited items, nationwide coverage and around-the-clock access to consumers.
 
Italy has 'no banking problem': finance minister
Italy does not have a problem with its banks, finance minister Pier Carlo Padoan said Sunday, despite investors fretting about nearly US$400 billion of bad debts weighing down the sector.
 
Nepal gov't introduces new rules to promote its adventure tourism
The Nepalese government has enforced the Recreational Aviation Regulation 2016 amending the Aviation Sports Regulation 2012 in a bid to promote adventure tourism -- touted as one of the fastest growing sectors.
 > Other
 
Mainland China said Sunday it has started imposing anti-dumping tariffs on certain steel imports from the European Union, Japan and South Korea, as Beijing itself comes under fire for similar trade practices.
 
A 6 percent loss in value of its currency, a plunge on the stock market and a downgrade by a key ratings agency.
 
Confidence in the local economy has shown signs of weakening amid concerns that the decision of the United Kingdom to leave the European Union will send ripples through the global economy and affect domestic fundamentals, according to Cathay Financial Holding Co. (國泰金).
 > Taiwan
 
In 1890, the psychologist William James wrote that there was "no more miserable human being than one in whom nothing is habitual but indecision."
 
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