DIRS.INFO The most relevant business & tech news

☆ Opinion: Right now, I’d rather raise my child in Taiwan than America
▼ + stars: | 2024-04-22 | by ( Opinion Clarissa Wei | ) edition.cnn.com time to read: +10 min

My dad still remembers the anxiety that engulfed the island when the United States cut off diplomatic recognition of Taiwan in favor of the People’s Republic of China in 1979. My parents considered America a safe haven and wanted me to grow up with all its comforts. Of course, comparing the United States and Taiwan this way without acknowledging the nuanced socio-political contexts can be misleading. Clarissa WeiThe biggest shift, then, has been how the people of Taiwan perceive the United States. The United States, on the flip side, is the 131st.

Persons: Clarissa Wei Editor’s, Clarissa Wei, “, ”, Annabelle Chih, there’s, Tyrone Siu, Donald Trump, Joe Biden, “ Wei, Ting Yen, I’m, nodded, Billy H.C, Kwok, It’s, Republican —, Xi Jinping, “ Trump Organizations: Taipei CNN, CNN, America, Metro, Trump, Taiwan, Franklin & Marshall College, 131st, San Francisco Bay Area, China’s Communist Party, Republican Locations: Taiwanese American, Taipei, Taiwan, China, United States, People’s Republic of China, America, Los Angeles, Taiwanese, Kaohsiung, San Francisco Bay

☆ Japan's finance minister says 'speculative' moves in currency market impacting yen
▼ + stars: | 2024-04-01 | by ( ) www.cnbc.com time to read: +1 min

The yen has been on a downtrend despite the BOJ's decision on March 19 to end eight years of negative interest rates. Japanese Finance Minister Shunichi Suzuki said on Monday there were some speculative moves in the currency market that did not reflect economic fundamentals, repeating his warning against excessive yen declines. "We will watch currency market developments with a strong sense of urgency, and will respond appropriately against excessive moves without ruling out any options," Suzuki told parliament. Suzuki said various factors are driving currency moves such as the Bank of Japan's decision to end negative interest rates, Japan's current account balance, price moves, geopolitical risks, as well as market players' sentiment and speculative trades. "As for the yen's recent declines, we believe there are some speculative moves that do not reflect fundamentals when taking into account domestic and overseas economic as well as price developments," he said.

Persons: Shunichi Suzuki, Suzuki Organizations: Japanese Finance, Bank of

☆ Taiwan's political disrupter could be kingmaker in a split parliament. Here's why it matters
▼ + stars: | 2024-01-26 | by ( Clement Tan | ) www.cnbc.com time to read: +8 min

Taiwan People's Party (TPP) presidential candidate Ko Wen-je speaks during an interview in New Taipei City on December 12, 2023. He urged his disappointed young supporters, some of them crying, not to give up, and framed himself as a one-man social movement crusading for political change. Since this social movement has not fully materialized, let's keep working hard," the former Taipei City Mayor told supporters in Mandarin. That kind of populist messaging appeals to people who feel like Taiwan's current economic and political system is not benefiting them. Taiwan's young and restlessIn any case, Taiwan's two major parties now face a battle to cater to younger voters that could come at the expense of older votes or a focus on broader strategic interests.

Persons: Ko Wen, Cheng, we'll, Ko, let's, Wei, Ting Yen, Sara Newland, Taiwan's, Newland, Lai Ching, Taiwan People's Party —, —, Yuan, Beijing's, Tsai Ing, Annice Lyn, Xi Jinping, Lily, Hwa CHENG, HWA CHENG, Ho Organizations: Taiwan People's Party, AFP, Getty, TAIPEI, Taipei City Mayor, Democratic Progressive Party, Kuomintang, Franklin, Marshall College, CNBC, Sara Newland Smith, Ko's, Taipei, KMT, Smith College, National Taiwan University, Democratic, Chinese Communist Party, HWA, Afp, Sunflower Movement Locations: Taiwan, New Taipei City, China, Taipei, Xinzhuang, AFP

☆ Taiwan's new president will face a divided parliament. Here's why it matters
▼ + stars: | 2024-01-15 | by ( Clement Tan | ) www.cnbc.com time to read: +6 min

A kid runs across the flag of Taiwan banner during the announcement of official results on January 13, 2024 in Taipei, Taiwan. While Lai won the presidential election on Saturday with 40% of the popular vote, his DPP lost 10 seats in Taiwan's parliament from its previous 61, giving up its majority. Taiwan's president- and vice president-elect from the Democratic Progressive Party Lai Ching-te and Hsiao Bi-khim standing along several party's heavyweight on the central stage in Taipei on Janauary 13, 2024 to celebrate victory in Taiwan's 8th presidential election. The Chinese Communist Party has refused to engage with outgoing President Tsai Ing-wen since she assumed office in 2016. Supporters attend the Taiwan People's Party (TPP) campaign rally on January 12, 2024 in Taipei, Taiwan.

Persons: Sawayasu Tsuji, Lai Ching, Han Kuo, rancor, —, Lai, Timothy S, Rich, Sara Newland, TPP, Tsai, Gabriel Wildau, Democratic Progressive Party Lai Ching, Hsiao, Alberto Buzzola, Tsai Ing, Ting Yen Franklin Organizations: Getty, TAIPEI —, Taiwan People's Party, Democratic Progressive Party, Beijing Kuomintang, Kuomintang, KMT, TPP, Rich Western Kentucky University, Smith College, Lightrocket, Chinese Communist Party, Marshall College China, DPP, Chinese Communist Party officials, Taiwan Straits, Western Kentucky University, Supporters Locations: Taiwan, Taipei, China, Taiwan's, Beijing

☆ China skeptic Lai Ching-te wins Taiwan's presidential election
▼ + stars: | 2024-01-13 | by ( Clement Tan | ) www.cnbc.com time to read: +8 min

Taiwan's President-elect Lai Ching-te (left) gestures beside his running mate Hsiao Bi-khim during a rally outside the headquarters of the Democratic Progressive Party (DPP) in Taipei on January 13, 2024, after winning the presidential election. The outcome of the presidential election on Saturday riled Beijing, which has repeatedly labeled Lai as a "stubborn worker for Taiwan independence" and a dangerous separatist. Annabelle Chih | Getty Images News | Getty ImagesDPP's Lai — Taiwan's current vice-president — won more than 40% of the popular vote in Taiwan's eighth presidential election. DPP is the first party to win the presidential office three times in row since direct presidential elections were introduced in 1996. This year, 71.9% of all eligible voters cast their ballots for the presidential election, according to preliminary data from Taiwan's Central Election Commission.

Persons: Lai Ching, Hsiao Bi, Yasuyoshi Chiba, Lai, Tsai Ing, Tsai, Annabelle Chih, DPP's Lai, Taiwan's, —, Beijing's, Hou, Ko Wen, Chen Binhua, Chen, Xi Jinping, Antony Blinken, Ko, Wei, Ting Yen Organizations: Democratic Progressive Party, AFP, Getty, TAIPEI, Saturday, Beijing, Chinese Communist Party, DPP, KMT, Chinese Communist Party officials, Democratic Progressive, Kuomintang, Taiwan People's Party, Taiwan's, Taiwan Affairs Office, State Council, CNBC, Franklin, Marshall College, Taiwan's DPP Locations: Taipei, Taiwan, China, U.S, Taiwan Strait, Beijing, Taiwan —, Republic of China, Xinhua, United States

☆ Yen's fall toward multi-decade lows keeps markets on intervention watch
▼ + stars: | 2023-11-14 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

Against the dollar, the yen last stood at 151.72 , languishing near a one-year low of 151.92 hit on Monday. A break below last year's trough of 151.94 per dollar would mark a fresh 33-year low for the yen. "I'm inclined to also think that it wasn't a BOJ intervention... It intervened again in October 2022 after the yen plunged to a 32-year low of 151.94. The comments have kept the U.S. dollar bid and against the greenback, the New Zealand dollar fell to an over one-week low of $0.58705.

Persons: Thomas White, Carol Kong, Rodrigo Catril, Jerome Powell, NAB's, Rae Wee, Sam Holmes Organizations: REUTERS, Rights, Bank of Japan's, greenback, Commonwealth Bank of Australia, Bank of, National Australia Bank, NAB, Ministry of Finance, Federal, U.S, New Zealand, Sterling, Reserve Bank of Australia, Thomson Locations: Japan, Rights SINGAPORE, Asia, New York, Bank of Japan, U.S

☆ Japanese investors slow investments in overseas bonds and equities in Oct
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +1 min

According to the data, domestic investors accumulated a net 1.12 trillion yen ($7.40 billion) worth of overseas bonds last month in a third straight month of net buying. They also poured 736.6 billion yen into foreign equities, much lesser than about 1.17 trillion yen they put in the previous month. Japanese banks poured a net 609.2 billion yen into long-term overseas bonds last month after about 4.76 trillion yen worth of net buying a month ago. Meanwhile, trust accounts and insurers pulled out a net 210.8 billion yen and 270.6 billion yen, respectively. Year-to-date data indicated that Japanese investors were net purchasers of U.S. bonds, buying about 18.81 trillion yen worth by September, while they emerged as net sellers of European debt, offloading 1.25 trillion yen.

Persons: Kim Kyung, Gaurav Dogra, Patturaja, Rashmi Organizations: REUTERS, Japan's Ministry, Finance, Reuters Graphics Reuters, Treasury, Thomson Locations: Tokyo, Japan, Bengaluru

☆ Japan market rally fails to mask Nomura’s woes
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +2 min

It also powered a near-fivefold increase in pre-tax earnings at the bank’s retail unit from the same period last year. Nomura’s own stock has also benefitted, though its 20% rise this year to a two-year high lags the broader market. And the rally did nothing to fix the abysmal underperformance at its mainstay wholesale division. Revenue at the unit that comprises the volatile investment banking and trading businesses fell 4% to 191 billion yen ($1.3 billion). They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Nomura, Morgan Stanley, Kentaro Okuda, Steve Cohen, Antony Currie, Oliver Taslic Organizations: Reuters, Revenue, Global, Twitter, Sequoia, Thomson Locations: SINGAPORE, India

☆ Taiwan Faces a #MeToo Wave, Set Off by a Netflix Hit
▼ + stars: | 2023-06-25 | by ( Amy Chang Chien | ) www.nytimes.com time to read: +2 min

In some ways, the #MeToo movement points to a generational shift in attitudes brought about by the hard-fought advances won by women’s rights activists in decades past. Taiwan’s younger generation started learning about gender equality in elementary school, as part of curriculum changes enacted in 2004, and have since come of age. Taiwan’s younger generation has “a higher awareness of gender diversity and equality than the older generation,” said Wei-Ting Yen, an assistant professor of government at Franklin and Marshall College in Pennsylvania. Women’s rights groups have called for Taiwan to extend the statute of limitations for sexual harassment complaints, currently at one year. A survey by Taiwan’s labor ministry last year showed that only a tiny percentage of female respondents who said they had encountered sexual harassment at work had filed complaints.

Persons: ”, Wei, Ting Yen, Lai Yu, Bartosz, Lai, gossiped, “, ” Ms Organizations: Franklin, Marshall College, Lawmakers, Facebook Locations: Pennsylvania, Taiwan, Polish

As it stands, a frantic Fed tightening campaign that supercharged the buck looks to be nearing an end amid evidence of steady disinflation. Taken in isolation, that would appears to have lopped more than 10% off the buck over the past three months. "Global growth is showing signs of buoyancy, macro and inflation uncertainty are waning, and the dollar is rapidly losing its carry advantage." DXY halves gainsU.S. import price inflation and the dollarReal yields, inflation and the dollarLESS CROWDEDTo what extent investors are already positioned for this ongoing slide is less clear. Policy pushback from the Fed always has the power to check prevailing dollar moves - but the flipside of dollar strength overseas could be even more powerful as European economies and Japan have to cope with volatility in dollar-priced energy and commodities.

☆ Analysis: With Fed in view, dollar rally dented but not quite done, investors say
▼ + stars: | 2022-11-01 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

A less hawkish-than-expected message from the Fed at Wednesday’s monetary policy meeting, however, could exacerbate the currency's recent decline. That has made investors like Paresh Upadhyaya, director of fixed income and currency strategy at Amundi US, wary of calling an end to the dollar rally. Some central banks have already delivered smaller than expected rate increases in recent weeks, including the Bank of Canada and Reserve Bank of Australia. "If the Fed pulls back that will allow (other central banks) to pull back as well," said UBS's Draho, who expects more dollar strength in coming months. Still, with the dollar near a 20-year high, further dollar gains are likely to be accompanied by increased volatility, analysts said.

A 12.4% decline in auto-related production - the sector's steepest fall in eight months - drove down the overall index. Manufacturers surveyed by the Ministry of Economy, Trade and Industry (METI) expected output to fall another 0.4% in October and rise 0.8% in November. "Rather, with rising procurement costs on the weak yen, coupled with (higher) energy prices, some firms have voiced concerns for their business conditions." Separate data showed retail sales rose 4.5% year-on-year in September, extending a rebound since March when the government ended domestic COVID-19 containment measures. On a seasonally adjusted month-on-month basis, retail sales grew 1.1% in September, rising for a third month.

☆ BOJ easing and govt FX intervention not contradictory - finmin Suzuki
▼ + stars: | 2022-10-25 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +3 min

"Monetary easing aimed at sustainable and stable price hikes including wage growth, and currency intervention in response to excessive market moves, are different in terms of policy objectives, and thus they are not contradictory," Suzuki said. Japanese authorities are in constant touch with U.S. counterparts and stand ready to take appropriate action in the currency market against volatile yen moves, Suzuki said. The minister repeated that the government would not tolerate excessively volatile yen moves driven by speculative trading. "If we leave unattended sharply volatile currency moves, driven by speculative trading, that would affect companies and households," Suzuki said. Japanese authorities are in constant touch with U.S. counterparts and stand ready to take appropriate action in the currency market against volatile yen moves, Suzuki said.

☆ Japan in constant touch with U.S. on currency market, Finance Minister Suzuki says
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +1 min

TOKYO, Oct 25 (Reuters) - The Japanese authorities are in constant touch with their U.S. counterparts and stand ready to take appropriate action in the currency market against volatile yen moves, Finance Minister Shunichi Suzuki said on Tuesday. Suzuki also said he saw no contradiction between the government's yen-buying currency intervention and the Bank of Japan's ultra-loose monetary policy. "The BOJ is responsible for deciding monetary policy," Suzuki told a regular news conference, adding that the central bank's policy is aimed at achieving price stability. Suzuki repeated that the government would not tolerate excessively volatile yen moves driven by speculative trading. "If we leave sharply volatile currency moves, driven by speculative trading, unattended, that would affect companies and households," Suzuki said.

☆ Morning Bid: Truss drama deepens
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

A look at the day ahead in European and global markets from Anshuman DagaBritain's political drama keeps getting more and more interesting. The abrupt resignation of Britain's interior minister Suella Braverman, who criticised Liz Truss, reflects the continued erosion of the prime minister's authority after just weeks in the job. And as markets watch the political chaos, there seems to be no respite for the beleaguered pound. The yen has depreciated by about 23% so far this year, making it the weakest major currency in Asia. Asian stocks headed down on Thursday, taking a cue from rising yields and cutting short a brief rally that was triggered by strong earnings reports by U.S. and European companies.

☆ Tesla and Truss, 5% and 150
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +4 min

A Tesla model 3 car is seen in their showroom in Singapore October 22, 2021. read more The latest European tech sector earnings on Thursday were downbeat, too. Bank of England Deputy Governor Ben Broadbent said the BoE would respond to changes in Truss's tax and spending policies. read moreKey developments that should provide more direction to U.S. markets later on Thursday:* European Union summit in Brussels* U.S. Oct Philadelphia business index. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Take Five: Calm or calamity?
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +5 min

Traders are back on Japanese yen intervention watch, while the U.S. earnings season and a congress of China's ruling Communist Party kick off. Growing expectations of a government u-turn on most of its unfunded tax cuts should end much of the pain. The carnage in British gilts has exposed vulnerabilities in the pensions sector, shining a light on financial stability risks. The IMF warns of "disorderly asset repricings" and "financial market contagion." A market slide has moderated stock valuations, but a downgrade in the earnings outlook could dampen equities' attractiveness.

☆ The yen may be weak, but Japan's tourism isn't expected to get a 'bona fide' rebound without Chinese visitors
▼ + stars: | 2022-10-13 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

After more than two years of strict Covid-19 border controls, Japan reinstated visa-free travel to 68 countries on Tuesday. After more than two years of strict Covid border controls, Japan reinstated visa-free travel to 68 countries on Tuesday. With the easing of restrictions and the depreciating yen, tourism to the country will return quickly — especially from Asia, said Jesper Koll, director of financial services firm Monex Group told CNBC. "The cheapness of the yen obviously increases the probability of tourism contributing greatly to the economy," Koll said. "As the restrictions get rolled back further, and the capacity of inbound flights open up, I expect that we will see inbound spending and inbound tourism accelerate very, very quickly."

☆ Bank analysts have two big reasons to be bullish on the Singapore dollar
▼ + stars: | 2022-09-27 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +5 min

Why bet on the Singapore dollar? "I believe that investors also associate the strong [Singapore dollar] with Singapore's competence and reliability, as a partner and gateway to the region," Wee said. The Singapore dollar is not as widely traded as currencies of larger economies, Maybank's Supaat pointed out. The Singapore currency is not immune to the strength of the U.S. dollar either, said Wee, who warned that the Singapore dollar could lose its footing as Asia's outperformer should there be a global recession. "This is the main risk, or chief risk, for investors seeking [the Singapore dollar] as a haven," Wee added.

Search resuls for: "Ting Yen"

19 mentions found