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December, 7, 2016

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  ASIAN MARKETS    Australia    China    
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Business > Asia
Singapore will launch a new electronic payment system using blockchain, the technology behind the cryptocurrency bitcoin, the city-state's central bank chief said Wednesday.
 
Shares in Taiwan staged a mild technical rebound on Wednesday, after falling for four of the previous five trading sessions, with the market's weighted index briefly rising back above the 9,000-point mark, dealers said.
 
The world's first pizza drone delivery was claimed on Wednesday by the New Zealand division of fast food giant Domino's, as it looks to grab a slice of a potentially hot future market.
 
The U.S. dollar fell against the Taiwan dollar on Wednesday, shedding NT$0.022 to close at NT$31.848 as the local currency continued a technical rebound from a recent slump, dealers said.
 
World's youngest stock market struggles in Myanmar
The day's trading is about to begin on the world's youngest stock exchange, and the MYANPIX index and opening share prices flash across an electronic screen, but barely a footfall or a voice are heard within the cavernous, colonial era building in the bustling heart of Myanmar's commercial capital.
 
Most expensive watch
This picture shows a Patek Philippe stainless steel perpetual calendar chronograph wristwatch with moon phase. The watch sold for a record US$11 million in Geneva, an auction house said Monday, Nov. 14.
 
A long wait for rupees
Indians stand in line at a bank to exchange or deposit discontinued currency notes in New Delhi, Tuesday, Nov. 15. Chaotic scenes played out across India with long lines growing even longer and scuffles breaking out, as millions of anxious people tried to change old currency notes that became worthless days earlier when the government demonetized high-value bills.
 
The U.S. dollar fell against the Taiwan dollar Tuesday, shedding NT$0.079 to close at NT$31.870 as bargain hunters picked up the local currency for trading purposes, dealers said.
 
ID verification gets easier
Financial Supervisory Commission (FSC, 金管會) Chairman Lee Ruey-tsang (李瑞倉), center, and other heads of exchanges and insurance agencies attend the launch of a mobile identification service in Taipei on Tuesday, Nov. 15. The new platform TWID, short for Taiwan Identification, would provide third-party financial identification services -- including for opening accounts and making transactions of securities, futures, banking and insurance. The platform aims to make personal identification more convenient, easy and safe, Lee said.
 
China retail sales growth slows in October, investors remain unfazed
China's retail sales growth slowed to 10.0 percent year on year in October, government data showed Monday, missing expectations in a worrying sign for domestic demand in the world's second-largest economy.
 
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