US Oct. hiring jumps but jobless rate steady
(ChinaPost.com.tw) – U.S. employment increased far more than expected last month as private companies hired workers at the fastest pace since April, a sign the sluggish economy is starting to tick up.
Hu bests Obama in Forbes list of most powerful people
(ChinaPost.com.tw) – Chinese President Hu Jintao has topped U.S. President Barack Obama on the Forbes list of most powerful people, with the magazine pointing to Hu’s sweeping powers and the stinging defeat of Obama’s democrats in legislative polls.
Vietnam raises key interest rates for first time in year on inflation
(ChinaPost.com.tw) – Vietnam’s central bank raised key interest rates for the first time in a year Friday as the dong remains under pressure and inflation refuses to drop below government targets. The State Bank of Vietnam announced that its key rate i…
Japan central bank keeps key rate at near zero, to buy gov’t bonds
(ChinaPost.com.tw) – Japan’s central bank kept its key interest rate unchanged at near zero Friday and said it will start buying government bonds next week under a previously announced plan to help foster an economic recovery. The unanimous decision to…
Most office workers shop online: survey
(ChinaPost.com.tw) – Online shopping is now a mainstream trend, according the results of a survey released yesterday showing that nearly 90 percent of local office workers shop online, spending an average of NT$2,520 per month.
S. Korea warns of stern forex trade action
(ChinaPost.com.tw) – South Korea’s financial watchdog warned Friday of stern punishment if foreign or domestic banks were found to be involved in improper foreign exchange trading.
Linkou, Danshui report home price increases
(ChinaPost.com.tw) – An increase in home prices was reported of three metropolises of Taipei County — Sansia, Linkou and Danshui — that weren’t the target of the central bank’s credit control measures, said a real estate brokerage firm yesterday.
Land Bank Shanghai branch to target SMEs
(ChinaPost.com.tw) – The Shanghai branch of Land Bank of Taiwan will target small and medium enterprises operated by Taiwan businesspeople after it’s allowed to make renminbi-based lending, reported the Central News Agency (CNA) yesterday, citing Huang…
Gov’t to watch prices over inflation
(ChinaPost.com.tw) – The government will carefully monitor the prices of goods to prevent a full-scale inflation, said the Ministry of Economic Affairs (MOEA) yesterday.
China chemical firm seeks local listing
(ChinaPost.com.tw) – China Zenith Chemical Group Ltd., a Chinese petrochemical firm, has submitted an application to the Taiwan Stock Exchange (TWSE) for listing Taiwan depositary receipts (TDRs) on the main board, the stock exchange said yesterday.
Gold sets record; other commodities chalk up gains
(ChinaPost.com.tw) – Gold set another record high and other commodities chalked up broad gains Thursday as the dollar weakened and investors sought protection against inflation.
Dollar moves narrowly in Asia ahead of US jobs data
(ChinaPost.com.tw) – The dollar held firm against the euro and the yen in cautious trade in Asia Friday as traders awaited key U.S. jobs data.
Oil eases from 2-yr high, risk appetite to support
(ChinaPost.com.tw) – Oil eased from a two-year high on Friday, but losses were limited by the new round of U.S. economic stimulus, which has boosted the appeal of commodities as an asset class in an environment of a weak dollar.
Asian markets extend gains after Fed action
(ChinaPost.com.tw) – Asian markets surged for a second straight day Friday on the back of U.S. stimulus plans, even as officials in the region fretted about possible knock-on disruption to their economies.
Kraft Foods third-quarter revenue up 26 percent due to price increases
(ChinaPost.com.tw) – Kraft Foods Inc. turned to price increases to cope with rising ingredient costs and lackluster sales volume during its third quarter. Those price increases and Kraft’s recent acquisition of Cadbury PLC drove its revenue up 26 perce…