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Saturday, August 16, 2014
Malaysia economy surges in second quarter
Malaysia's economy grew a better-than-expected 6.4 percent in the second quarter on the back of stronger exports and robust domestic demand, the central bank said Friday.
Friday, August 15, 2014
Leong Wai Ho (梁偉豪), a senior regional economist with Barclays yesterday stated that Taiwan's central bank is expected to raise interest rates in the fourth quarter of this year by 0.125 percent.
The latest adjustments of Taiwan's weighting in the MSCI indexes are not likely to adversely affect the local stock market, an analyst said Thursday.
Hua Nan Financial Holdings Co. (HNFC, 華南金控) yesterday held its earnings conference, reporting consolidated revenues of NT$6.305 billion, with their net income improving by 21 percent year-on-year to reach NT$6.305 billion over the first half of this year, yielding an earnings-per-share performance of NT$0.7 for the period.
Shares in Taiwan closed little changed Thursday, although the bellwether electronics sector posted gains, led by select large-cap stocks on the back of their better-than-expected second-quarter results, dealers said.
The U.S. dollar fell against the Taiwan dollar Thursday, shedding NT$0.020 to close at NT$30.045 as the strength of other regional currencies encouraged traders in Taiwan to pick up the local unit throughout the session, dealers said.
South Korea's central bank cut interest rates for the first time in 15 months Thursday, under growing government pressure including warnings of recession from the new finance minister.
Thursday, August 14, 2014
Japan's economy suffered its biggest quarterly contraction since the 2011 quake and tsunami as a sales tax rise slammed the brakes on growth, data showed Wednesday, throwing into question plans for another increase next year.
China's bank lending plunged in July as the weakening property sector hit demand for loans, statistics showed Wednesday as other key indicators slowed, raising concerns for growth in the world's second-largest economy.
Taiwan has revised and upgraded standards for permissible energy consumption for new vehicles by an average of more than 15 percent, the Ministry of Economic Affairs (MOEA) said.
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