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Thursday, August 20, 2015
A revised version of the capital gains tax on stock gains proposed by Kuomintang (KMT) presidential candidate Hung Hsiu-chu is expected to boost turnover of the local equity market by 10 percent, according to an estimate by the Taiwan Stock Exchange (TWSE).
Taiwan's Acer Inc. (宏碁) said Wednesday that it has been selected by Chile's government to be the sole supplier of notebooks for the Latin American country's "Connected for Learning" project this year.
Mainland China's triple yuan devaluation could hit France's lucrative luxury sector, which has already been impacted by Beijing's tough anti-corruption drive against spendthrift officials, analysts say.
Foreign investment into mainland China rose 5.2 percent in July compared to the previous year, largely on the back of mergers and acquisitions by overseas firms, the commerce ministry said on Wednesday.
Mainland China has injected nearly US$100 billion from its foreign exchange reserves into two policy banks, which lend based on government directives, to help spur the country's sluggish economy, state media reported.
Japan's trade deficit widened to its largest level in five months in July, as exports slowed thanks to faltering demand in mainland China and other key markets, and imports fell by less than forecast.
Vietnam allowed its currency to weaken by at least 1 percent Wednesday following the devaluation of the Chinese yuan and the expectation of a possible U.S interest rate hike.
Shanghai index cuts losses, other global markets lower
China's main Shanghai stock index reversed its loss to finish higher on Wednesday while other stock markets were mostly lower as investors were rattled by volatile mainland Chinese stocks and concerns about growth in the world's second-largest economy.
Mainland China's volatile stock market is taking shareholders on a white-knuckle ride, threatening to drive out the small investors Beijing hopes will help pay for reforms of state industry.
Wednesday, August 19, 2015
U.S. regulators have uncovered new violations by the manufacturer of medical scopes recently linked to outbreaks of deadly "superbug" bacteria at U.S. hospitals.
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