Global and China News

Russia to join China-backed development bank: official

(Sun, 29 Mar 2015 00:00:00 +0800)

( - Russia is to sign up to the Chinese-led development bank AIIB, first deputy prime minister Igor Shuvalov said Saturday at an international forum in China, cited by Russian news agencies.

Central bank unlikely to adjust key interest rates: economists

(Sun, 29 Mar 2015 00:00:00 +0800)

( - Taiwan's central bank, which just kept its key interest rates unchanged for the 15th consecutive quarter, is unlikely to raise rates any time soon because of the ongoing need for liquidity to sustain growth, economists said Saturday.

China to cut interest rates by 0.25%: central bank

(Sun, 29 Mar 2015 00:00:00 +0800)

( - China's central bank on Saturday announced that it will cut the benchmark deposit and loan interest rates by 25 basis points, as authorities seek to prop up flagging growth in the world's second-largest economy.

KGI Securities slashes its target price on Acer shares

(Sun, 29 Mar 2015 00:00:00 +0800)

( - KGI Securities, one of the leading brokerages in Taiwan, has cut its target price for Acer Inc. even though the PC vendor turned a profit in 2014 after a three-year losing streak.

TSMC unit Xintec Inc. set to list on local OTC market

(Sun, 29 Mar 2015 00:00:00 +0800)

( - --intec Inc. (精材), an integrated circuit packaging services subsidiary of Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電), will list on Taiwan's over-the-counter (OTC) market on March 30.

Fitch downgrades Greece amid bailout uncertainty

(Sun, 29 Mar 2015 00:00:00 +0800)

( - The ratings agency Fitch has downgraded Greece's sovereign rating amid growing uncertainty over the new government's pledge to overhaul reforms needed to restart bailout loan payments and avoid default.

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