Global and China News

WTO agrees to implement landmark trade pact in bid to drum up US$1 trillion

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Ending months of deadlock, the World Trade Organization (WTO) agreed Thursday to implement the first global trade reform agreement in its 19-year-history.

HTC announces new variants of Desire mobile phone series

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Taiwanese smartphone maker HTC Corp (宏達電). on Friday announced new variants in its mid-tier Desire series, in an effort to appeal to mainstream consumers.

Cross-strait goods trade talks expected before end of year

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Taiwan and China are set to hold negotiations in mid December on technical issues concerning merchandise trade in four major industry sectors producing machine tools, flat panels, automobiles and petrochemicals, officials from the Ministry of Economic Affairs (MOEA) said Friday.

Brazil appoints pro-market finance minister

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Brazilian President Dilma Rousseff named pro-market bank executive Joaquim Levy to be her new finance minister Thursday as her government looks to steer the economy out of recession.

Eurozone inflation down again as energy costs tank

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - A fall in energy costs as a result of dramatic declines in oil markets has pushed inflation across the 18-country eurozone down to 0.3 percent in the year to November, official figures showed Friday.

Level 1 ADR to bring in NT$100bn. capital

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Citibank Taiwan (花旗) yesterday announced that more than NT$100 billion of foreign capital is expected to be attracted into the local equity market, following the regulators' approval for domestic com to issue level 1 American depositary receipt (ADR).

Solar cell makers see loss in Q3 on order shifting in China

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Caught in a trade war between mainland China and the United States, most local solar cell makers saw their third-quarter bottom lines slip into negative territories as Chinese panel customers turned around seek, cheaper home-made cells.

Transport stocks jump on crude price plunge

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Share prices of local airlines and shipping companies took flight in heavy trading Friday morning on the back of a plunge in international crude oil prices overnight after the Organization of the Petroleum Exporting Countries (OPEC) announced that it will leave oil production levels unchanged, dealers said.

Taiwan more attractive for investors: TEEMA

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Taiwanese manufacturers in China have become less willing to step up investments in China, with the growth of investments in Taiwan outpaced those in China for the first time for years.

US dollar rises to NT$31.053 on Taipei forex

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.088 to close at the day's high of NT$31.053 in reflection of the greenback's strength against other currencies in the region, dealers said.

Local shares end higher in trading ahead of elections

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Shares in Taiwan closed higher Friday but turnover remained thin amid lingering cautious sentiment ahead of Taiwan's local government elections on Saturday, dealers said.

Australian energy firms hit hard by OPEC

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Australian energy firms were hit hard Friday by the OPEC oil cartel's decision against cutting production, with stocks tumbling across the board as crude prices hit four-year lows.

Spanish consumer prices fall for fifth straight month in November

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Spanish consumer prices fell for the fifth straight month in November, official figures showed on Thursday, amid concern that the eurozone is at risk of sliding into deflation.

Mexican billionaire to be top shareholder in Spanish builder

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Mexican telecoms magnate Carlos Slim, the world's second-richest man, will invest 650 million euros (US$800 million) to become the main shareholder in Spain's big but debt-laden builder FCC, the company said Thursday.

Crisis-hit France strikes new record unemployment high

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Unemployment in France hit a new record in October, with official statistics published Thursday showing 3.46 million people claiming jobless benefits.

More insurance policies needed in Asia

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - More insurance is needed in countries with increasing aging populations to offset the burden on public retirement funds as nations in the Asia-Pacific see life expectancy increase, a senior official from a Japanese insurance company said.

Argentina charges British bank HSBC with helping tax evasion

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Argentina's tax agency has charged British bank HSBC with helping more than 4,000 Argentines to commit tax evasion by stashing money in secret Swiss accounts, officials said Thursday.

Russia's ruble extends its record slide after major OPEC decision

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - The ruble lost another 1.5 percent of its value on Friday morning as it extended a record slide after the OPEC oil cartel's decision to leave its output ceiling unchanged.

German power giant E.ON sells off US wind farms to Enbridge

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - E.ON, Germany's biggest power supplier, said Friday it has agreed to sell two U.S. wind farms to Canadian group Enbridge.

Venezuela's Maduro pledges to keep pursuing OPEC output cut

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Venezuelan President Nicolas Maduro said Thursday he would keep pushing OPEC to cut oil output to boost sliding crude prices after the cartel opted not to slash production — a move backed by Caracas.

Planemaker ATR to sign nearly US$1 billion order with Lion Air

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - European planemaker ATR signed Thursday an order for 40 of its 72-600 aircraft with Indonesian airline Lion Air, valued at nearly US$1 billion based on catalogue prices.

Energy shares slide on OPEC decision; Japanese stocks rise

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Crude oil and energy shares tumbled Friday as OPEC's decision to keep production steady rippled across the globe. Japanese stocks rose after a slew of uninspiring economic data raised hopes that more stimulus was in the pipeline while other global indexes were mixed.

Oil extends losses in Asia on oil cartel news

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Oil extended losses in Asian trade Friday after the OPEC cartel refused to cut production despite a global glut that has sent prices slumping to four-year lows, with analysts warning of further falls to come.

Malaysia's Sime Darby Q1 profit up 2.4%

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - Malaysia's Sime Darby, the world's biggest listed palm-oil producer by acreage, announced on Friday a 2.4 percent rise in net profit in the July-September quarter, mainly on the back of higher output.

Yen weakens in Asia after poor data from the Land of the Rising Sun

(Sat, 29 Nov 2014 00:03:00 +0800)

(ChinaPost.com.tw) - The yen weakened in Asia on Friday after a slate of tepid Japanese data that has dealt another blow to the government's plans to end years of deflation.

OPEC keeps oil output on hold despite low prices

(Fri, 28 Nov 2014 14:17:00 +0800)

(ChinaPost.com.tw) - Reflecting its lessening oil clout, OPEC decided Thursday to keep its output target on hold and sit out falling crude prices that will likely spiral even lower as a result.

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