China knocks US Fed plan to pump money
(ChinaPost.com.tw) – The U.S. Federal Reserve’s move to pump hundreds of billions of dollars into the financial system will bring greater volatility to markets worldwide, a Chinese official said Monday.
MediaTek shares face pressure on weak sales
(ChinaPost.com.tw) – Shares of integrated circuit designer MediaTek fell yesterday after it reported a fall in excess of 20 percent in its October sales, dealers said.
TSMC to approve US$3 bil. expansion budget
(ChinaPost.com.tw) – Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest made-to-order chipmaker, is expected to approve a budget of US$3 billion during its board meeting today to expand capacity, the local Economic Daily reported yester…
Japanese car prices to rise due to yen
(ChinaPost.com.tw) – Several Japanese automobile brands will raise prices in the beginning of the year, due to a surging yen, the local Economic Daily reported yesterday, citing the manufacturers.
TAIEX to hit 10,888 by end of ‘11: CLSA
(ChinaPost.com.tw) – Taiwan stocks will have a fantastic 2011, with the weighted index TAIE– likely to reach 10,888 by the end of next year, said CLSA Asia-Pacific Markets in its latest research report.
US dollar closes higher at NT$30.636 on Taipei forex
(ChinaPost.com.tw) – The U.S. dollar rose against the New Taiwan dollar yesterday, gaining NT$0.076 to close at the day’s high of NT$30.636.
Taiwan shares close down 0.22% after seesaw session
(ChinaPost.com.tw) – Taiwan share prices closed down 0.22 percent yesterday after a seesaw session between continued buying of old economy stocks and selling in the high-tech sector ahead of releases of October sales by bellwether electronics firms, de…
China, Britain sign deals on eve of visit by David Cameron
(ChinaPost.com.tw) – Chinese and British firms have signed a raft of deals worth millions of dollars, the British embassy said Monday on the eve of a visit by Prime Minister David Cameron aimed at boosting business ties.
Global business groups urge G-20 to ensure rare earth supply
(ChinaPost.com.tw) – Business groups from around the world have urged leaders at this week’s G-20 summit to ensure the supply of rare earth minerals amid concerns that trade disputes could harm access to the key commodities.
Want a UK welfare check? Sweep a street first
(ChinaPost.com.tw) – Britain’s jobless could be asked to sweep streets, help out in community centers or mow lawns at public parks in return for their welfare check under plans to toughen the country’s benefits regime, government ministers said Sunday.
Large economies find common ground opposing US
(ChinaPost.com.tw) – The Group of 20 is beginning to look more like the G-19 plus 1 as emerging and rich countries alike accuse the United States of breaking a vow of unity.
World Bank chief calls for gold to anchor forex movements
(ChinaPost.com.tw) – World Bank President Robert Zoellick has called on bickering G-20 nations to bring gold back into the global monetary system as an anchor to guide currency movements.
G-20 pursues protectionism, hurts poor states, study shows
(ChinaPost.com.tw) – G-20 states are continuing to carry out protectionist policies in contrast to repeated pledges to keep markets open, and developing countries have been among the main victims, a study by independent economists said on Monday.
G-20 summit seeks an end to currency war
(ChinaPost.com.tw) – Arguably the biggest challenge facing the Group of 20 summit in Seoul next week will be putting an end to a currency war that is placing the already fragile and uneven global recovery at risk.
G-20 officials start talks on summit declaration text
(ChinaPost.com.tw) – Vice-finance ministers from the world’s 20 biggest economies on Monday began negotiating the wording of a G-20 summit declaration for later this week, amid reported sharp divisions on currency and trade issues.