Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Taiwan"


25 mentions found


Chinese blue-chip A-shares swung between gains and losses before ending flat, while Taiwan shares lost 0.41%. Gold prices, which plunged following the Fed comments on Wednesday, edged higher but were still set for their worst week since March 2020. Hopes for a strong U.S. recovery pushed technology stocks higher on Thursday, lifting the Nasdaq Composite up 0.87%. But worries about inflation and higher rates weighed on the broader market, with the S&P 500 edging down 0.04%. Oil prices took a hit from the strong dollar as concerns over demand and new Iranian supply also weighed.
Persons: , James McGlew, DAX, Richard Franulovich Organizations: Nikkei, U.S . Federal Reserve, Fed, Argonaut, CAC, Japan’s Nikkei, Nasdaq, Dow Jones, Westpac, , Treasury, Brent, Wednesday, Wednesday . U.S . West Texas Locations: Asia, Japan, SHANGHAI, U.S, Perth, Pacific, Taiwan, Wednesday .
Asian shares slip, dollar up on higher rates outlook
  + stars: | 2021-06-18 | by ( Andrew Galbraith | ) www.reuters.com + 0.00   time to read: +4 min
European stock futures pointed to small declines at the open, with pan-region Euro Stoxx 50 futures down 0.02%, DAX futures falling 0.06%, FTSE futures inching 0.01% lower, and CAC 40 futures easing 0.02%. Chinese blue-chip A-shares (.CSI300) swung between gains and losses before ending flat, while Taiwan shares (.TWII) lost 0.41%. read moreHopes for a strong U.S. recovery pushed technology stocks higher on Thursday, lifting the Nasdaq Composite (.IXIC) up 0.87%. But worries about inflation and higher rates weighed on the broader market, with the S&P 500 (.SPX) edging down 0.04%. Oil prices took a hit from the strong dollar as concerns over demand and new Iranian supply also weighed.
Persons: James McGlew, DAX, Richard Franulovich, Andrew Galbraith, Tom Westbrook, Christopher Cushing, Edwina Gibbs, Ana Nicolaci da Organizations: REUTERS, Nikkei, U.S . Federal Reserve, Fed, Argonaut, CAC, Japan's Nikkei, Nasdaq, Dow Jones, Westpac, Treasury, Brent, Wednesday, Wednesday . U.S . West Texas, Thomson Locations: Frankfurt, Germany, Asia, Japan, SHANGHAI, U.S, Perth, Pacific, Taiwan, Wednesday ., Singapore, Ana Nicolaci da Costa
Yields on Indonesia's 10-year benchmark bonds climbed 8.5 basis points to a two-month high. Riskier currencies, such as those of emerging markets, thrive on U.S. interest rates remaining low because they benefit from the interest rate differential that increases their appeal for carry trade. Philippine shares continued to unwind some of the more than 11% gain accumulated in recent weeks and fell half a percent. HIGHLIGHTS ** Top losers on the Jakarta stock index include Prima Globalindo Logistik down 8.5%, MegaPower Makmur and Bank IBK Indonesia down 7%. ** In the Philippines, top losers are BDO Unibank down 2.8%, LT Group down 2.7%, and SM Prime Holdings down 2.6%.
Persons: Shashwat Awasthi, South Korea's, Gareth Leather, Morgan Stanley, MegaPower, Shashwat, Sujata Rao, Shailesh Organizations: Bank of Japan, South, . Federal, Capital Economics, Malaysian, Globalindo, Bank IBK, BDO Unibank, LT Group, SM Prime Holdings, FX Locations: Indonesia, ., Jakarta, Asia, U.S, Philippine, MegaPower Makmur, Bank IBK Indonesia, Philippines, Japan, China, India, Malaysia, Singapore, Taiwan, Thailand, Bengaluru
The Skies Are Darkening for Emerging-Market Stocks
  + stars: | 2021-06-18 | by ( Mike Bird | ) www.wsj.com sentiment -0.92   time to read: +1 min
After a strong start to the year, emerging-market stocks have mostly traded sideways in recent months. The MSCI World Index, made up of developed-market stocks, is up almost 12% in dollar terms this year, while the EM index has risen 6%. Among the multiple forces putting pressure on EM equities, two warrant particular attention. The second issue is that the big Asian stocks that powered the EM index higher last year are flagging, and for clear reasons. Put together, Chinese, Taiwanese and South Korean stocks make up almost two-thirds of the entire EM index.
Persons: Morgan, hasn’t Organizations: Taiwan Semiconductor Manufacturing Co, Alibaba Group, Samsung Electronics Locations: Brazil, East Asia
The rupiah weakened for the fifth straight session and fell as much as 0.3%, a day after Bank Indonesia (BI) held its benchmark rate at a record low and pledged to ensure the currency remained stable. The rupiah has rallied more than 2% since April but was set to lose more than 1% this week. "Going forward, given subdued inflation pressures and the nascent recovery, we expect Bank Indonesia to keep the policy rate unchanged this year," Goldman Sachs analysts said. Currencies across the rest of emerging Asia remained mixed, though South Korea's won fell for the fifth consecutive day. ** Top losers on the Jakarta stock index include MegaPower Makmur, Mulia Industrindo and Bank IBK Indonesia, all down 7%.
Persons: Shashwat Awasthi, Goldman Sachs, South Korea's, Morgan Stanley, Mulia, Shashwat, Simon Cameron, Moore Organizations: Bank of Japan, . Federal, Bank Indonesia, Bank, U.S, Treasury, Malaysian, Bank IBK, Metropolitan Bank and Trust, Puregold, JG Summit Holdings, FX Locations: Indonesia, ., Bank Indonesia, Asia, South, Jakarta, Mulia Industrindo, Bank IBK Indonesia, Philippines, Japan, China, India, Malaysia, Singapore, Taiwan, Thailand, Bengaluru
Asian shares slip, deepen weekly loss after hawkish Fed
  + stars: | 2021-06-18 | by ( Andrew Galbraith | ) www.reuters.com + 0.00   time to read: +3 min
MSCI’s broadest index of Asia-Pacific shares outside Japan gave up early gains to dip 0.22%, extending declines into a fifth session. Chinese blue-chip A shares fell 0.36% and Taiwan shares lost 0.22%, but Hong Kong’s Hang Seng index rose 0.49% and Seoul’s KOSPI was up 0.13%. Gold prices, which plunged following the Fed comments on Wednesday, edged higher but were still set for their worst week since March 2020. The dollar index climbed 0.09% to 91.958, not far off Thursday’s more than two-month peak of 92.010 following the Fed meeting. Oil prices took a hit from the strong dollar as concerns over demand and new Iranian supply also weighed.
Persons: Tyrone Siu, , James McGlew, KOSPI, Richard Franulovich Organizations: Treasury, U.S . Federal, REUTERS, Argonaut, Japan, Japan’s Nikkei, Nasdaq, Dow Jones, Westpac, , Brent, Wednesday, Wednesday . U.S . West Texas Locations: SHANGHAI, Hong Kong, China, U.S, Perth, Asia, Pacific, Taiwan, Wednesday .
EMERGING MARKETS-Asian currencies mixed, S.Korea's won falls most
  + stars: | 2021-06-18 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: 1 min
June 18 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0205 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous day Pct Move Japan yen 110.190 110.2 +0.01 Sing dlr 1.342 1.3424 +0.05 Taiwan dlr 27.787 27.765 -0.08 Korean won 1132.800 1130.4 -0.21 Baht 31.400 31.4 +0.00 Peso 48.380 48.43 +0.10 Rupiah 14360.000 14350 -0.07 Rupee 74.078 74.0775 0.00 Ringgit 4.140 4.138 -0.05 Yuan 6.446 6.449 +0.04 Change so far in 2021 Currency Latest bid End 2020 Pct Move Japan yen 110.190 103.24 -6.31 Sing dlr 1.342 1.3209 -1.55 Taiwan dlr 27.787 28.483 +2.50 Korean won 1132.800 1086.20 -4.11 Baht 31.400 29.96 -4.59 Peso 48.380 48.01 -0.76 Rupiah 14360.000 14040 -2.23 Rupee 74.078 73.07 -1.37 Ringgit 4.140 4.0400 -2.42 Yuan 6.446 6.5283 +1.27 (Compiled by Shashwat Awasthi in Bengaluru)
Persons: Shashwat Organizations: . Locations: Taiwan, Bengaluru
Two sources with direct knowledge of the tender told Reuters that the project reached a stalemate due to security concerns raised within the island nations over HMN Tech's bid. "The Chinese government has always encouraged Chinese companies to engage in foreign investment and cooperation according to market principles, international regulations and local laws." The three island nations involved in the project were represented on the bid assessment committee. The project was designed to connect to the HANTRU-1 undersea cable, a line primarily used by the U.S. government that connects to Guam. Nauru, which has strong ties to Australia and is a Pacific ally to Taiwan, initially raised concerns over the bid lodged by the Chinese company.
Persons: Mike Pompeo, Jonathan Ernst, HMN, Trump, there's, Jonathan Barrett, Yew, Simon Cameron, Moore Organizations: Pohnpei International, REUTERS, Bank, Reuters, Huawei Marine Networks, Technologies, Co, Alcatel Submarine Networks, Nokia, Japan’s NEC, East Micronesia Cable, Federated, HMN, Huawei, HMN Tech, Development, Asian Development Bank, World Bank, Hengtong, ASN, NEC, U.S . State Department, U.S ., Huawei Technologies, U.S . Commerce, The, Beijing, Thomson Locations: Pohnpei, Kolonia, States, Micronesia, Pacific, SYDNEY, BEIJING, Shanghai, Nauru, Kiribati, Federated States, Guam, U.S, Washington, China, United States, Guam . Washington, Australia, Taiwan
Foxconn founder asks Taiwan to allow vaccine talks with Chinese firm
  + stars: | 2021-06-18 | by ( ) www.reuters.com + 0.00   time to read: +3 min
Foxconn Technology Group founder and chairman, Terry Gou, speaks during a news conference after his trip to the U.S., in Taipei, Taiwan May 6, 2019. Taiwan's own deal with BioNTech fell through this year, with the government blaming it on pressure from Beijing. "We hope that the government and the private sector will work together to obtain more vaccine supplies for Taiwan," said spokesman Xavier Chang. His spokesperson Amanda Liu told reporters that Gou had had talks with "all partners" on the vaccine purchase idea, and had proposed signing a deal with Fosun's Swiss or Hong Kong branches to avoid political problems. Only around 5% of Taiwan's 23.5 million people have received at least one of the two-shot coronavirus vaccine regimen.
Persons: Terry Gou, Taiwan's Foxconn, BioNTech, Gou's, Gou, Tsai Ing, Tsai, Xavier Chang, Amanda Liu, Liu, Chen Shih, Fosun, Ben Blanchard, Yimou Lee, Raju Gopalakrishnan Organizations: Foxconn Technology Group, REUTERS, Tyrone, Shanghai Fosun Pharmaceutical Group Co, BioNTech, Shanghai Fosun Pharmaceutical, Reuters, Fosun's, Moderna Inc, ., Thomson Locations: U.S, Taipei, Taiwan, Tyrone Siu TAIPEI, BioNTech, Beijing, China, Shanghai, China , Hong Kong, Macau, Germany, Hong Kong
Taiwan says 240,000 COVID-19 Moderna doses to arrive on Friday
  + stars: | 2021-06-18 | by ( ) www.reuters.com + 0.52   time to read: +1 min
A vial containing doses of the Moderna vaccine against the coronavirus disease (COVID-19) and empty syringes are seen at a vaccination centre in Ronda, Spain June 9, 2021. REUTERS/Jon NazcaTAIPEI, June 18 (Reuters) - A further 240,000 COVID-19 vaccine doses from Moderna Inc (MRNA.O) will arrive in Taiwan on Friday afternoon, Deputy Minister of the Interior Chen Tsung-yen said, boosting the island’s slow vaccination programme. Taiwan has already received and has started administering 150,000 Moderna shots, and has around 5 million on order. Half of Taiwan’s 20 million dose order is with AstraZeneca Plc (AZN.L) which have been slow to arrive, but this month the island received an additional 1.24 million AstraZeneca doses donated by Japan. Reporting by Ben Blanchard and Yimou Lee; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.
Persons: Jon Nazca, Chen Tsung, Ben Blanchard, Yimou Lee, Muralikumar Organizations: Moderna, REUTERS, Jon, Moderna Inc, AstraZeneca Plc, Japan, Thomson Locations: Ronda, Spain, Jon Nazca TAIPEI, Taiwan
Live Covid Live Updates: Biden Likely to Fall Just Shy of His July 4 Vaccination Goal President Biden had set a deadline of having 70 percent of U.S. adults partly vaccinated by the holiday. Mr. Biden will speak about the vaccination drive as his administration makes a last push to reach the July 4 goal. A White House official said Mr. Biden would point to the 300 million milestone as evidence of his administration’s success. But from a political perspective, it would be the first time Mr. Biden has set a pandemic-related goal that he has not met. Portugal was one of the first European countries to reopen its borders to visitors from Britain and from across the European Union.
Persons: Biden, Verónica, Biden’s, Kamala Harris, Xavier Becerra, Harris, Becerra, Friday’s, , , Marcus Plescia, Jeffrey D, “ We’ve, Mr, Zients, ” Sheryl Gay Stolberg, Hazem Bader, Naftali Bennett, Israel, Benjamin Netanyahu, Thilo Schmuelgen, Ursula von der, Jeffrey Pott, Susan Wright, Donald J, Trump, Ana Brigida, Boris Johnson, Sergey Ponomarev, Vladimir V, Putin, Hsu Yao, King Yuan Electronics, ” John Ray Tallud, , Chang Cheng, Amy Chang Chien Organizations: West Bank, AstraZeneca, The New York Times, Health, White, D.C, Centers for Disease Control, Association of State, Territorial Health, Independence, Agence France, JERUSALEM, Palestinian Authority, Palestinian, Pfizer, United Arab Emirates, Fourth, Fourth Geneva Convention, European Union, European Commission, Belgian, “ AstraZeneca, Oxford University, Public, European Center for Disease Prevention, ., Kremlin, Levada, Yuan Electronics, News Service, Taiwan — Officials, Taiwan Centers for Disease Control, King, King Yuan, Locations: U.S, Israel, Gaza, Lisbon, Brussels, Rio Grande City , Texas, States, Atlanta, Colorado, Washington, America, United States, California, New York, , Dura, Hebron, Oslo Accords, Oslo, Fourth Geneva, Egypt, Cologne, Germany, BRUSSELS, Swedish, Britain, Europe, Florence, Italy, Portugal, European, Greece, Spain, Belém, India, Russia, Moscow, The New York Times Russia, Covid, Russian, Taiwan, Miaoli County, Taiwai, Miaoli, News Service TAIPEI, Vietnam, Philippines, Singapore
U.S. senators propose 25% tax credit for semiconductor manufacturing
  + stars: | 2021-06-17 | by ( David Shepardson | ) www.reuters.com sentiment -0.99   time to read: +2 min
WASHINGTON (Reuters) -A bipartisan group of U.S. senators on Thursday proposed a 25% tax credit for investments in semiconductor manufacturing as Congress works to increase U.S. chip production. REUTERS/Steve Marcus/File PhotoThe proposal sponsored by Senate Finance Committee Chairman Ron Wyden and the top Republican Senator Mike Crapo along withfour other senators would provide “reasonable, targeted incentives for domestic semiconductor manufacturing,” they said in a statement. The group did not immediately respond to a request for a cost estimate for the measure, which is on top of recent semiconductor funding. Raimondo anticipates government funding would generate “$150 billion-plus” in investment in chip production and research - including contributions from state and federal governments and private-sector firms. The tax credit could benefit Taiwan Semiconductor Manufacturing Co (TSMC), which is building a $12 billion semiconductor factory in Arizona, and Dutch chipmaker NXP Semiconductors NV as well as U.S. firms such as Intel Corp and Micron Technology Inc.
Persons: Steve Marcus, Ron Wyden, Mike Crapo, , ” Wyden, Gina Raimondo, Raimondo, ” Raimondo Organizations: WASHINGTON, Intel, REUTERS, Senate Finance, United, . Commerce, Taiwan Semiconductor Manufacturing, Semiconductors, Intel Corp, Micron Technology Inc Locations: Las Vegas , Nevada, U.S, United States, Arizona
At its quarterly meeting, the central bank kept the benchmark discount rate at a record low of 1.125%, as expected by all 14 economists in a Reuters poll. This is the fifth time in a year-and-a-quarter it has decided to keep rates unchanged. It last cut rates at its March, 2020 quarterly meeting. The central bank also raised its 2021 estimate for gross domestic product (GDP) growth to 5.08% from 4.53% forecast in March. GDP expanded by 8.92% in the first quarter of 2021 from a year earlier, the strongest quarterly growth in over a decade.
Persons: Jeanny Kao, Yimou Lee, Ben Blanchard, Kim Coghill Locations: Taiwan, TAIPEI
At its quarterly meeting, the central bank kept the benchmark discount rate at a record low of 1.125%, as expected by all 14 economists in a Reuters poll. This is the fifth time in a year-and-a-quarter it has decided to keep rates unchanged. The central bank also raised its 2021 estimate for gross domestic product (GDP) growth to 5.08% from 4.53% forecast in March. GDP expanded by 8.92% in the first quarter of 2021 from a year earlier, the strongest quarterly growth in over a decade. It expected the economy to grow 2.86% in the second half of the year, lower than the 7.55% growth rate predicted for the first half.
Persons: Yang Chin, Yang, Jeanny Kao, Yimou Lee, Ben Blanchard, Kim Coghill Organizations: Capital Economics, U.S . Federal Reserve Locations: Taiwan, COVID, TAIPEI, U.S
Indonesian three-year benchmark yields pared earlier gains and were up 1.1 basis point at 4.659%, while Jakarta's equity index edged 0.1% lower. "This will be exacerbated following the hawkish surprise from the U.S. Fed overnight, which we expect will increase depreciation pressures on the IDR." The Fed's indications on policy tightening could prompt central banks in emerging markets to soon follow suit, which could cycle cash out of those markets. HIGHLIGHTS: ** In the Philippines, top index losers are Bloombery Resorts down 2.4%, Universal Robina down 2.3%, and Ayala Land down 2.3%. ** Top gainers on Thailand's SETI include Thai Textile Industry up 22.02%, Jasmine Telecom Systems up 18.8%, and Finansia Syrus Securities up 18%.
Persons: Shashwat Awasthi, Chris Weston, Phillip Capital, Shashwat, Aditya Soni Organizations: U.S . Federal Reserve, Bank Indonesia, Mizuho, U.S, Fed, Bank, Phillip, Resorts, Universal, SETI, Thai Textile Industry, Jasmine Telecom Systems, Syrus Securities, FX Locations: Taiwan, Korea's, Indonesian, Thailand, Philippines, Asia, Japan, China, India, Indonesia, Malaysia, Singapore, Bengaluru
For now, investors remain largely bullish on emerging currencies in Asia, with long bets on the Taiwan dollar and Indonesian rupiah slightly raised from two weeks ago. Long bets on the rupiah were at their highest since February. Broadly, long bets on China’s yuan were lowered after they hit a six-month high in the last poll. For the Indian rupee, a strong performer in May, long bets were also lowered. The poll uses estimates of net long or short positions on a scale of minus 3 to plus 3.
Persons: Kim Hong, , , Arthur Budaghyan Organizations: South Korean, REUTERS, Taiwan, Bank Indonesia’s, U.S, BCA Research, ING, Singapore, Philippine, Malaysian, PHP Locations: BENGALURU, Asia, Taiwan, Philippine
For now, investors remain largely bullish on emerging currencies in Asia, with long bets on the Taiwan dollar and Indonesian rupiah slightly raised from two weeks ago. Long bets on the rupiah were at their highest since February. Broadly, long bets on China's yuan were lowered after they hit a six-month high in the last poll. For the Indian rupee , a strong performer in May, long bets were also lowered. The poll uses estimates of net long or short positions on a scale of minus 3 to plus 3.
Persons: Kim Hong, Arthur Budaghyan, Nikhil Kurian, Shailesh Organizations: South Korean, REUTERS, Taiwan, Bank Indonesia's, U.S, BCA Research, ING, Singapore, Philippine, Malaysian, Thomson Locations: BENGALURU, Asia, Taiwan, Philippine, Bengaluru
The won slumped 1.1% and was on track for its worst day since early May as the sudden shift in the Fed's outlook sent the greenback to two-month highs. Jakarta's main stock index was flat, however, as Bank Indonesia was widely expected to leave record low interest rates unchanged as the economy struggles for traction. A majority of Bank of Korea's board members have already signalled support for pulling back pandemic-driven stimulus, minutes of its policy meeting showed this week. Thailand's stock index outperformed its peers, as the government's plan to reopen the nation to visitors within 120 days and kick-start the tourism-reliant economy helped it add 0.2% on the day. ** In the Philippines, top index losers are Bloombery Resorts down 2.4%, Universal Robina down 2.3%, and Ayala Land down 2.3%.
Persons: Shashwat Awasthi, Korea's, Chris Weston, Pepperstone, Jun Rong, Shashwat, Kim Coghill Organizations: U.S . Federal Reserve, Bank Indonesia, Bank of, Philippine, Equity, IG, Resorts, Universal, FX Locations: Indonesia, Taiwan, Philippines, Asia, Japan, China, Malaysia, Singapore, Thailand, Bengaluru
EMERGING MARKETS-Most Asian currencies fall, S.Korea's won leads losses
  + stars: | 2021-06-17 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: 1 min
June 17 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0215 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous day Pct Move Japan yen 110.630 110.69 +0.05 Sing dlr 1.334 1.336 +0.12 Taiwan dlr 27.706 27.691 -0.05 Korean won 1128.300 1117.2 -0.98 Baht 31.290 31.16 -0.42 Peso 48.370 48.24 -0.27 Rupiah 14340.000 14235 -0.73 Rupee 73.323 73.3225 0.00 Ringgit 4.130 4.116 -0.34 Yuan 6.422 6.3969 -0.39 Change so far in 2021 Currency Latest bid End 2020 Pct Move Japan yen 110.630 103.24 -6.68 Sing dlr 1.334 1.3209 -1.01 Taiwan dlr 27.706 28.483 +2.80 Korean won 1128.300 1086.20 -3.73 Baht 31.290 29.96 -4.25 Peso 48.370 48.01 -0.74 Rupiah 14340.000 14040 -2.09 Rupee 73.323 73.07 -0.35 Ringgit 4.130 4.0400 -2.18 Yuan 6.422 6.5283 +1.66 (Compiled by Shashwat Awasthi in Bengaluru)
Persons: Shashwat Organizations: . Locations: Taiwan, Bengaluru
That's up 62% from the 4.1 million tonnes sold over the same period last year. For 2020 as a whole, China sold nearly 15.5 million tonnes of bunker fuel, the data showed, compared to about 12 to 14 million tonnes in 2019, according to industry sources. In April, delivered Zhoushan VLSFO bunker prices averaged $5.20 per tonne below Singapore's - the widest discount on record since trade in the IMO-compliant fuel began in mid-2019. In the first five months of the year, Singapore's bunkering volumes were up just 2% from last year, and in 2020 rose 5% to 49.8 million tonnes. "Overall Asia's bunkering market is growing at a relatively stronger pace, compared to the rest of the world," said FGE's Paravaikkarasu.
Persons: Stringer, Paravaikkarasu, Sinopec, Frankie Yick, Singapore's, FGE's, , Chen Aizhu, Florence Tan, Gavin Maguire, Kim Coghill Organizations: REUTERS, International Maritime Organization, Thomson Locations: Zhejiang province, China, Singapore, South Korea, Hong Kong, Taiwan, Japan, Asia, FGE, Zhoushan, Philippines, Hong,
LinkedIn told a writer his profile has "prohibited content" and would be be blocked in China. LinkedIn told Insider that it needs to enforce Chinese censorship to provide "value" to users there. A writer and expert on China was told to edit his LinkedIn profile or have it made invisible to Chinese users because it has "prohibited content." US companies have long wrestled with Chinese censorship demands, and LinkedIn is far from the only one to comply. A spokesperson for LinkedIn told Insider that the company strongly supports freedom of speech, but has "long recognized" that this is not tenable in China.
Persons: Jojje Olsson, Alex Ma, , Jeff Weiner, Mary Miesenzahl, Olsson Organizations: LinkedIn, Agence France, Apple, Microsoft, Google, New York Times, Bloomberg News, BBC Locations: China, Tiananmen, Beijing, Taipei, Taiwan
Chairman of the Joint Chiefs of Staff General Mark Milley told lawmakers that while Taiwan was still a core national interest of China, "There's little intent right now, or motivation, to do it militarily." So, I think the probability is probably low, in the immediate, near-term future," Milley said during a Congressional hearing. The United States is Taiwan's strongest international backer and main source of arms, which angers China. Beijing says the democratically ruled island is part of "one China" and routinely denounces foreign involvement as an interference in its internal affairs. Like most countries, the United States has no formal diplomatic ties with Taiwan.
Persons: Mark Milley, Caroline Brehman, Milley, Joe Biden, , Taiwan’s ADIZ, Idrees Ali, Phil Stewart Organizations: Joint Chiefs, Staff, Reuters, Democratic, Republican, U.S . House, NATO, U.S, Thomson Locations: Washington , U.S, Reuters WASHINGTON, China, Taiwan, Beijing, United States
BRUSSELS — The European Union is recommending that its 27 member countries start lifting restrictions on tourists from the United States. EU members agreed Wednesday to add the U.S. to the list of countries for which they should gradually remove restrictions on non-essential travel. The free certificates, which will contain a QR code with advanced security features, will allow people to move between European countries without having to quarantine or undergo extra coronavirus tests upon arrival. countries have already begun using the system, including Spain, Germany, Greece, Bulgaria, Croatia, the Czech Republic, Denmark and Poland. nations added five other countries — North Macedonia, Albania, Serbia, Lebanon and Taiwan — to the tourist travel list.
Persons: It’s, Alexander De Croo, De Croo, Taiwan — Organizations: The, Belgium's, Council Locations: BRUSSELS, United States, Brussels, Spain, Germany, Greece, Bulgaria, Croatia, Czech Republic, Denmark, Poland, EU, U.S, E.U, North Macedonia, Albania, Serbia, Lebanon, Taiwan, China, Macau, Hong Kong
Global Markets Retreat as Fed Sees Earlier Interest-Rate Rises
  + stars: | 2021-06-16 | by ( Chong Koh Ping | ) www.wsj.com sentiment -1.00   time to read: +1 min
Global markets followed U.S. stocks lower on Thursday, after Federal Reserve officials signaled their intention to raise interest rates sooner than previously forecast. The Shanghai Composite and Hong Kong’s Hang Seng bucked the trend, both inching up 0.2%. U.S. stock futures pulled back, suggesting that American markets could fall for a second day. Futures tied to the S&P 500 futures and the Dow Jones Industrial Average both lost 0.4% while Nasdaq-100 futures shed 0.3%. Federal Reserve officials said Wednesday that they expect higher interest rates by late 2023, as the pandemic-ravaged economy recovers rapidly and inflation heats up.
Persons: Taiwan’s Taiex Organizations: Federal, Hong, Nikkei, Shanghai, Dow Jones Industrial, Nasdaq Locations: Hong Kong
The rupiah weakened for the third straight session, down 0.2% on the eve of the Indonesian central bank's policy meeting, as the U.S. dollar index hovered near one-month highs. The firm dollar also kept the Philippine peso and the Thai baht 0.1% lower, while the Singapore dollar and Malaysian ringgit were flat. While Asian central banks have so far kept policy settings loose, minutes of a May policy meeting by the Bank of Korea released on Tuesday showed that a majority of its board favoured reining back stimulus. The won, however, didn't react much and Citi said markets had now priced two rate hikes by end-March 2022. ** Top losers on the Singapore STI include Yangzijiang Shipbuilding Holdings down 2.1%, Singapore Airlines down 2%, and Sembcorp Industries down 1.8%.
Persons: Shashwat Awasthi, Frederic Neumann, Shashwat, Sujata Rao, Rashmi Organizations: U.S, Singapore, Malaysian, Treasury, HSBC, Bank of, Citi, DBS, Singapore STI, Yangzijiang Shipbuilding Holdings, Singapore Airlines, Sembcorp Industries, FX Locations: Singapore, U.S . Federal, Asia, Indonesian, Philippine, Bank of Korea, South Korea, Indonesia, Taiwan, U.S, Japan, China, India, Malaysia, Philippines, Thailand, Bengaluru
Total: 25