Sunday, May 26, 2013
Switzerland and China cleared the final hurdle Friday towards a landmark free-trade agreement, as Beijing seeks to underscore its growing global ties via deals with European partners.
Saturday, May 25, 2013
The Directorate General of Budget, Accounting & Statistics (DGBAS) yesterday lowered its 2013 growth forecast for Taiwan by 1.19 percent to 2.4 percent, after the performance in the first quarter fell far below expectations
Shares in Taiwan fell into consolidation mode Friday, after a steep drop in the previous session, as market sentiment remained cautious over the possibility of an early phasing out of the United States Federal Reserve's stimulus measures, dealers said.
Morgan Stanley has raised its rating of the Taiwan stock market to “equal weight” from “underweight,” according to a Bloomberg report.
Taiwan is likely to sign a service trade agreement with mainland China in June, Straits Exchange Foundation (SEF) Vice Chairman Kao Koong-lian said Friday.
The U.S. dollar rose against the New Taiwan dollar Friday, gaining NT$0.005 to close at the day's high of NT$30.030 behind central bank intervention, dealers said.
Myanmar's currency has plunged more than 7 percent over the past month to the lowest since it was floated last year, raising concern about economic stability in Asia's newest democracy.
This week's turbulence in Tokyo markets exposes a key risk of Prime Minister Shinzo Abe's all-in strategy to revive Japan's economy — if investor confidence falters, the government and the Bank of Japan may be left with few options to turn the tide.
Friday, May 24, 2013
Panicky investors dumped shares on the Tokyo market Thursday, sending the main index plunging more than seven percent on weak Chinese data after months of sharp climbs.
Manufacturing activity in China contracted in May for the first time in seven months, HSBC said Thursday, in another sign of the weakness of recovery in the world's second-largest economy.