From the Queen of Sheba to Britain's Duchess of Cambridge, Sri Lanka's sapphires have adorned royalty through the ages, but a flood of cheap imitations is threatening the island's reputation for the precious stones.
As economic contraction continues, Taiwan is unlikely to achieve 1-percent GDP growth this year, and even risks recording negative growth, Premier-designate Lin Chuan (林全) said on Sunday.
A European brokerage has lowered its target for the Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX) on the main board for 2016 to 8,800 points from the previous 9,000 points, citing concerns over listed companies' profitability.
The Taiwan Institute of Economic Research (TIER), one of the country's leading think tanks, said Thursday that as economic fundamentals remain weak, an index that gauges manufacturing activity flashed a blue light for the 12th consecutive month in March.
When investors borrow securities for a short sale purpose, they can spend more than they had previously anticipated, according to the Taiwan Stock Exchange (TWSE).
Premier Simon Chang (張善政) said yesterday it would prove "very, very, very challenging" for President-elect Tsai Ing-wen to meet the renewable energy targets she set during the presidential campaign.
The U.S. dollar rose against the New Taiwan dollar Friday, gaining NT$0.002 to close at the day's high of NT$32.281 as intervention by Taiwan's central bank helped the U.S. currency recoup its earlier losses, dealers said.
Shares in Taiwan took another beating, falling more than 1 percent to end below 8,400 points Friday after a plunge seen a session earlier as investors were motivated by steep declines on Wall Street overnight to unload large-cap stocks, dealers said.
Domestic gasoline and diesel prices are expected to move higher next week as international crude oil prices have been rebounding amid a weaker U.S. dollar, market sources said Friday.
Taiwan's gross domestic product (GDP) fell short of the government's forecast in the first quarter, registering minus 0.84 percent year-on-year growth, according to government figures released Friday.