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Wednesday, July 23, 2014
China's Xi eyes increased investment in Cuba
Chinese President Xi Jinping is visiting Cuba with hopes of expanding political and economic ties in the fellow communist nation.
ROCCOC chairman aims for local housing prices to be set by market
Lai Cheng-yi (賴正鎰), chairman of the General Chamber of Commerce of the R.O.C. (ROCCOC, 商總), yesterday urged the government to allow Taiwan's housing prices to be determined by the mechanisms of the free market and cease suppressive policies designed to curb rampantly rising prices, at a conference event yesterday in Taipei.
The Swiss and Chinese central banks signed a currency swap agreement in Beijing on Monday, marking an important step in the development of a market for yuan in Switzerland, the Swiss central bank BNS said.
Unemployment drops to 3.92%, lowest in 14 years
Taiwan's unemployment rate dropped to 3.92 percent in June, the lowest rate it has been in the same period in the past 14 years, according to a report released by the Directorate-General of Budget, Accounting and Statistics (DGBAS) yesterday.
Taiwan-based OBI Pharma (浩鼎生技) announced Monday that its phase 2/3 stage clinical trial for a therapy for metastatic breast cancer, designated OBI-822, has met the goal of collecting 342 patients.
TPCA releases industry white paper announcing new plans
The Taiwan Printed Circuit Association (TPCA, 台灣電路板協會) yesterday released its white paper outlining plans to propel annual output values to above the NT$1.15 trillion benchmark across the domestic printed circuit board (PCB) industry by 2020.
Taiwan's export orders in June grew over 10 percent year-on-year, reflecting improving external demand as the global economic recovery continues to gain steam, according to Australia and New Zealand Banking Group Ltd. (ANZ)
Shares in Taiwan closed higher Tuesday as buying rotated to select high-tech stocks such as personal computer firms and memory chip suppliers, but the index ended shy of the 9,500-point mark, dealers said.
The U.S. dollar fell against the New Taiwan dollar Tuesday, shedding NT$0.002 to close at NT$30.035 as traders were encouraged by the strength of other regional currencies to raise their holdings in the local unit, dealers said.
Japan cuts growth outlook as exports hit, imports rise
Japan on Tuesday cut its fiscal year growth forecast for the world's number three economy, blaming weak exports and rising imports as well as the impact of April's sales tax hike on consumer spending and business confidence.
  
  
  
  
  
  
  
  
  
  
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