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Saturday, August 22, 2015
The U.S. dollar rose against the New Taiwan dollar Friday, gaining NT$0.198 to close at the day's high of NT$32.876, as the local currency come under pressure from a plunge in Taiwan's equity market, dealers said.
Kaohsiung light rail may not begin as planned
Taiwan's first light rail system, located in Kaohsiung, might not be able to start trial operations by the end of August as more tests and paperwork are needed, city officials said Friday.
Shares in Taiwan plunged Friday in response to volatility in global equity markets amid worries over sluggish demand in the world economy, dealers said.
On the subject of government taxation on stock gains, Chinese National Federation of Industries (全國工業總會) Chairman Rock Hsu (許勝雄) said that the controversy has had a negative impact on the stock market and the debate should come to an end.
Japan's finance minister Aso warns mainland China on currency moves
Japan's finance minister, Taro Aso, said Friday that recent moves by China to allow its currency to depreciate are a concern and could pose problems for Tokyo.
Friday, August 21, 2015
Asian shares slumped on Thursday, led lower by Shanghai as concerns about the health of China's economy battered confidence and after unexpectedly bearish minutes from the U.S. Federal Reserve.
Taiwanese on average wait until they are 36.6 years old to begin to planning for retirement, and 22 percent do not start until in their 40s, a survey by an asset management company revealed Wednesday.
July's export orders tumble 5.7 percent: Economics Ministry
The Ministry of Economic Affairs (MOEA, 經濟部) yesterday announced that export orders for July totaled only US$36.29 billion, amounting to a 5.7-percent year-on-year drop, making it the fourth month of consecutive decline.
Taiwan's health minister will lead a delegation to the fifth Asia-Pacific Economic Cooperation (APEC) meeting on health and economy, and will give a talk at the event to be held in the Philippines at the end of this month, an official said Thursday.
Shares in Taiwan closed slightly higher Thursday, recovering from an early low to push the index above the 8,000 point level, as the financial sector staged a rebound from its heavy losses in the previous session, dealers said.
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