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April, 29, 2016

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The U.S. dollar rose against the New Taiwan dollar Monday, gaining NT$0.031 to close at NT$32.361 after a quiet session ahead of conclusions to be reached by the central banks of the United States and Japan in their policymaking meetings set for later in the week, dealers said.
 > Taiwan
 
Taipei-based games developer XPEC Entertainment Inc (樂陞科技) said yesterday it had reached an agreement to become the largest shareholder in AltPlus Inc., a social games developer listed on the Tokyo Stock Exchange.
 > Taiwan
 
Taiwan-based HTC Corp. (宏達電), which recently launched its first virtual reality headset, the HTV Vive, has projected that the global VR market will overtake the smartphone market in four years.
 > Taiwan
 
With global economic growth slowing, inflation staying low and digital innovation generating uncertainty, companies are increasingly looking at partnership deals with other firms, even competitors, to boost revenues, consulting firm EY said Monday.
 
Asian markets sank again Monday after losses on Wall Street and in Europe, with oil prices down and the yen recovering some of the losses suffered at the end of last week.
 
The yen rebounded Monday, with analysts saying last week's dive on a report that the Bank of Japan was considering new stimulus was overdone.
 > Japan
 
German business confidence slipped unexpectedly in April, but not enough to dent the overall positive mood in Europe's biggest economy, the Ifo economic institute said on Monday.
 
Crude prices fell in Asia Monday following a report saying Saudi Arabia could maintain its total production capacity with the expansion of an oilfield, fueling fresh concerns about the global supply glut.
 
Shares in French energy giant EDF plunged more than 7 percent Monday after it pushed back a decision on the construction of two nuclear reactors at Hinkley Point in Britain.
 
Uganda to export oil via Tanzania
Landlocked Uganda on Saturday announced plans to export its future crude oil production via a new pipeline to be built to a Tanzanian port rather than via Kenya.
 
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