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January, 22, 2017

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Business > Asia
Japan surpassed China in October as the largest foreign owner of U.S. Treasury securities, the first time the countries have swapped places in nearly two years. Total foreign holdings fell for a fourth month.
 
An Australian court has ordered a British consumer goods firm to pay AU$6 million (US$4.4 million) for misleading consumers about the effectiveness of a popular painkiller.
 
U.S. policymakers have voted unanimously to increase base interest rates by 0.25 percent, to between 0.5 and 0.75 percent. This marks the first rate hike this year and only the second in the past decade.
 
This year has been the worst for Taipei's real estate industry in a decade, Taipei Association of Real Estate Brokers said at its annual meeting with the press on Thursday.
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Tourism rising
The full moon is seen through a large sign during the Full Moon Party on Ko Phangan island in the southern Thai province of Surat Thani on the night of Tuesday, Dec. 14.
 
Global accounting firm Ernst & Young said Thursday that biotechnology and high-tech companies were expected to account for more than 80 percent of funds raised through initial public offering (IPO) in Taiwan next year.
 
The National Development Council (NDC), the top economic planning agency in Taiwan, said Thursday that the strengthening of the U.S. dollar after the U.S. Federal Reserve's decision to start raising interest rates again will eventually benefit Taiwan's exports.
 
Taiwan property market correcting, looking for soft landing: DBS Group
Taiwan's property market is currently undergoing a correction and the capital gains tax imposed on housing sales could continue to impact the home market, although the local economy has showed signs of improvement, Singapore-based DBS Group said on Wednesday.
 
Venezuelans rush to unload 100-bolivar notes
Venezuelans took a break from lining up to buy food and medicine Tuesday and spent their day waiting in crowds to deposit bank notes about to become worthless.
 
Pegatron has yet to make any decisions about setting up factories in the United States, its chairman said Wednesday, amid speculation on the iPhone contract maker's possible moves to cope with a potential policy shift by U.S. President-elect Donald Trump, which could undermine Taiwan-based firms' production in China.
 
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