Global and China News

EU leaders agree to fund for jumpstarting growth

(Sat, 20 Dec 2014 00:01:00 +0800)

(ChinaPost.com.tw) - European Union leaders agreed Thursday to create a strategic investment fund that could generate up to 315 billion euros (US$386 billion) in private- and public-sector money to upgrade infrastructure, jumpstart the EU's sluggish economies and ignite job growth.

WTO appeals panel sides with mainland in row with US over anti-dumping duties row

(Sat, 20 Dec 2014 00:01:00 +0800)

(ChinaPost.com.tw) - The World Trade Organization (WTO) strengthened its support Thursday for China in a final ruling in a dispute over punitive duties imposed by the United States on a range of Chinese products.

Apple co-founder Steve Wozniak skeptical on smartwatches, Google Glass

(Sat, 20 Dec 2014 00:01:00 +0800)

(ChinaPost.com.tw) - Steve Wozniak says he is no fan of smartwatches and believes Google Glass will fail as he cautioned not to expect the company he co-founded, Apple, to always lead the way into new technologies.

7 third-party payment firms prefer FSC's rules

(Sat, 20 Dec 2014 00:01:00 +0800)

(ChinaPost.com.tw) - Seven third-party payment developers yesterday said they choose the Financial Supervisory Commission (FSC, 金管會) in the escalating battle over who writes a series of supplementary bills regulating third-party payment platforms.

Gov't to invest NT$20 bil. in agriculture

(Sat, 20 Dec 2014 00:01:00 +0800)

(ChinaPost.com.tw) - The Ministry of the Interior (MOI) intends to spend NT$20 billion to improve Taiwan's rural areas over the next four years, in an effort to bridge development gaps between urban and remote areas.

Local market closes higher at 8,999.52 points

(Sat, 20 Dec 2014 00:01:00 +0800)

(ChinaPost.com.tw) - Shares in Taiwan staged a strong rebound Friday as buying was sparked by a rally on Wall Street overnight amid eased concerns that the U.S. Federal Reserve will rush to kick off an interest rate hike cycle, dealers said.

Customers to be able to withdraw foreign currency from ATMs in '15

(Sat, 20 Dec 2014 00:01:00 +0800)

(ChinaPost.com.tw) - According to an announcement from the central bank yesterday, as early as June 2015 customers will be able to make foreign currency withdrawals directly from a range of domestic banks. This new service is part of an effort to encourage Taiwanese savers to use foreign currency ATM machines and make international banking more efficient for individuals, said the central bank.

Greenback sheds NT$0.022, rises to NT$31.472 on forex

(Sat, 20 Dec 2014 00:01:00 +0800)

(ChinaPost.com.tw) - The U.S. dollar rose against the New Taiwan dollar Friday, gaining NT$0.022 to close at NT$31.472 as traders reacted to the weakness of the Japanese yen by cutting their holdings in the local currency, dealers said.

Siliconware allocates capex worth NT$14.5 bil. for 2015

(Sat, 20 Dec 2014 00:01:00 +0800)

(ChinaPost.com.tw) - Siliconware Precision Industries Co., one of Taiwan's leading integrated circuit packaging and testing services providers, has budgeted NT$14.5 billion (US$462 million) in capital expenditure (capex) for 2015.

Acer hopeful of renewed growth in the global PC market: chairman

(Sat, 20 Dec 2014 00:01:00 +0800)

(ChinaPost.com.tw) - Stan Shih (施振榮), founder and honorary chairman of Taiwan's Acer Inc. (宏碁), said Wednesday that the PC maker is showing signs of regaining its growth momentum, thanks to its organizational restructuring.

Miyamoto on 'amiibo,' 'Zelda' and 'Mario' movie

(Sat, 20 Dec 2014 00:01:00 +0800)

(ChinaPost.com.tw) - Shigeru Miyamoto seems giddy — and with good reason.

BOJ strikes more upbeat view on economy

(Sat, 20 Dec 2014 00:01:00 +0800)

(ChinaPost.com.tw) - The Bank of Japan (BOJ) on Friday struck a more upbeat view of the world's number three economy, saying exports were showing signs of picking up while factory output has started to “bottom out.”

Air Do ordered to improve safety by Japan gov't

(Sat, 20 Dec 2014 00:01:00 +0800)

(ChinaPost.com.tw) - Japanese transport authorities on Friday ordered a budget airline to boost safety standards after it promoted a trainee to a full-blown pilot despite worries over ability.

Takata vows to step up airbag safety effort

(Sat, 20 Dec 2014 00:01:00 +0800)

(ChinaPost.com.tw) - Embattled Japanese auto parts maker Takata has published an open letter in major U.S. and German media, vowing to step up its safety record after an airbag crisis hammered the company's reputation.

Abu Dhabi's Etihad gets A380, complete with luxury suite

(Sat, 20 Dec 2014 00:01:00 +0800)

(ChinaPost.com.tw) - Abu Dhabi's national carrier, Etihad, showcased on Thursday the arrival of its first Airbus A380, outfitted with “the only three-room suite in the sky.”

Global markets rally for 2nd day after Fed pledge

(Sat, 20 Dec 2014 00:01:00 +0800)

(ChinaPost.com.tw) - Global stocks rallied for a second day Friday after the Federal Reserve's reassurance it was in no hurry to hike interest rates. But shares of Sony Corp. dropped as a hacking scandal rocked its American movies unit.

Yen weakens in Asia after upbeat BOJ meeting

(Sat, 20 Dec 2014 00:01:00 +0800)

(ChinaPost.com.tw) - The yen weakened in Asia Friday after the Bank of Japan (BOJ) held off fresh easing measures and struck a slightly more upbeat view of the world's number three economy.

Oil rebounds in volatile year-end trade

(Sat, 20 Dec 2014 00:01:00 +0800)

(ChinaPost.com.tw) - Oil prices edged up in Asia Friday after falling sharply in the previous session, as analysts predicted increased volatility and no end in sight this year to tumbling prices.

IMF holds back rescue cash for Cyprus after vote fails

(Sat, 20 Dec 2014 00:01:00 +0800)

(ChinaPost.com.tw) - The International Monetary Fund (IMF) held back 86 million euros (US$106 million) in bailout funds for Cyprus Friday after the island's parliament delayed a vote on foreclosure legislation demanded by lenders.

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