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December, 11, 2016

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Business > Asia
Japan ratifies trade pact that US plans to dump
Japanese Prime Minister Shinzo Abe won parliamentary approval Friday for ratification of the Trans-Pacific Partnership, despite U.S. President-elect Donald Trump's plan to withdraw from the 12-nation trade pact.
 
Mainland China to halve cash withdrawals in Macau: report
China is to halve the cash machine limit for certain cardholders visiting the gambling enclave of Macau, in its latest effort to curb massive capital outflows caused by the falling yuan, Hong Kong media reported Friday.
 
Australian mining magnate Gina Rinehart and a Chinese consortium won final approval Friday to buy one of the world's biggest cattle estates, ending a lengthy and fraught sale process.
 
Chinese producer prices rose at their fastest pace for five years in November, Beijing said Friday, fueling hopes that the world's factory can export inflation into a lackluster global economy.
 
China has indicated it may relax restrictions on foreign investment in some sectors as it struggles to balance an overseas exodus of capital and faces accusations of protectionism from U.S. President-elect Donald Trump.
 
Shares in Taiwan moved sharply higher to close above the 9,300 point mark on Thursday as buying was sparked by all-time highs posted by the Dow Jones Industrial Average and the S&P 500 index on Wall Street overnight, dealers said.
 
Travel website TripAdvisor on Wednesday recommended Hualien as an ideal travel destination while announcing its annual "Travellers' Choice Awards for Destinations on the Rise," which ranked the Eastern Taiwan county the seventh-best destination in Asia.
 
Taiwan's exports in November are expected to post double-digit year-on-year growth thanks to an economic recovery in the second half of this year, Minister of Finance Sheu Yu-jer said Wednesday.
 
Budget with a beat
This photo taken Wednesday, Dec. 7 shows a colorful plane from budget carrier Peach Airlines featuring a blow-up photograph of famous Japanese band Ketsumeishi.
 
Australia's central bank keeps its interest rates unchanged
Australia's central bank held interest rates at a record low of 1.50 percent Tuesday despite a recent run of soft economic data but weak inflation figures kept the door open for future cuts.
 
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