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June, 27, 2016

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Business
Britain's looming referendum on EU membership will pose a severe challenge to financial markets in the coming days, the head of Germany's biggest lender Deutsche Bank said on Tuesday, urging central banks to stand ready to intervene if necessary.
 
Cathay Financial Holding Co. on Tuesday lowered its growth forecast for Taiwan's 2016 gross domestic product (GDP) from 1.6 percent to 0.8 percent, citing weak exports and shrinking investments.
 > Taiwan
 
Germany's constitutional court has rejected a challenge to the European Central Bank bond-buying program credited with helping keep the euro currency union from breaking up in 2012.
 
Global stocks rose again Tuesday on optimism Britain will vote to stay in the European Union, as investors awaited an economic report by the head of the U.S. Federal Reserve.
 
Besides continuing to invest in smart technologies, Pegatron Corp. (和碩) will put its R&D resources into developing innovative technologies such as virtual reality and Internet of Things applications, said company chairman Tung Tsu-hsien (童子賢).
 
Shares in Taiwan closed higher Tuesday with momentum extending from a session earlier as investors were encouraged by solid gains on Wall Street and the European markets amid reduced worries over a possible departure by the United Kingdom from the European Union, dealers said.
 > Taiwan
 
Wal-Mart is selling its Chinese online business to the country's No. 2 e-commerce site in a strategic partnership that it hopes will bolster its presence in the extraordinarily lucrative but increasingly competitive online marketplace.
 
The pound slipped on Tuesday after its best one-day gain since the 2008 global financial crisis, with Britain's nailbiting vote on its future in the European Union just days away.
 
The Bureau of Foreign Trade of the Ministry of Economic Affairs will hold a seminar on halal certification and business opportunities in the Muslim market on Thursday, June 23.
 > Taiwan
 
Nigeria farmers displaced
This photo taken on Monday, June 20 shows a Nigerien woman and a boy collecting wood, crossing the path of a sheep flock by the river Komadougou Yobe near Diffa.
 
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