City Taipei Financial News

The surging dollar has hurt stocks outside the US but one group at least stands to gain: companies that export to the world’s largest economy.

President Tsai Ing-wen said on Wednesday she was happy the U.S. Congress had passed a sweeping foreign aid package which includes arms support for the island, as China urged Washington to stop selling weapons to Taipei. The United States is Taiwan's most important international backer and arms supplier even in the absence of formal diplomatic ties. China, which views Taiwan as its own territory, has repeatedly demanded arms sales stop. The Senate approved by 79 to 18 four bills passed by the House of Representatives on Saturday, after House Republican leaders abruptly switched course last week and allowed a vote on the $95 billion in mostly military aid for Ukraine, Israel and Taiwan and U.S. partners in the Indo-Pacific.

earthquake on April 3 claimed the lives of at least 14 people and there were over 1,000 aftershocks since then. 1) Many aftershocks rocked Hualien in eastern Taiwan on late Monday and early Tuesday. However, no fatalities or significant damage was recorded.

Taipei's defence ministry said it had detected 21 Chinese military aircraft around the self-ruled island since 8:15 am (0015 GMT) on Saturday, a month before Taiwan's May 20 inauguration of incoming president Lai Ching-te. «17 aircraft (of the 21) crossed the median line and its extension, entered our northern, central, and southwestern (air defence identification zone), and joined PLA vessels for joint combat patrol,» it said in a statement posted on X around 11:30 am. Taiwan's armed forces «are monitoring the activities with our joint surveillance systems, and have dispatched appropriate assets to respond accordingly.»

Amid heightened tensions between China and Taiwan, Chinese President Xi Jinping told a former Taiwanese president who supports unification that the countries “belong” together.

China as Taiwan's main export market for four consecutive months due to a surge in demand for microchip products and AI technology, Taipei's Finance Ministry said Friday. Self-ruled Taiwan is a microchip-manufacturing powerhouse, churning out the world's most advanced silicon wafers necessary to power everything from e-vehicles and satellites to fighter jets and increasingly to power AI technology.

Reporters Without Borders says one of its representatives was denied entry into Hong Kong, calling it a “new decline” in the city’s press freedoms

Taiwan earthquake: 9 killed, over 1,000 injured after massive quake in Taipei; hotel workers missing | Top 10 updates "Rescue operations began around 6.30 pm. Police teams, revenue officials, members of taluk panchayat and officials from the fire and emergency services department are here at the spot.

Taiwan on Wednesday morning. Around 42 workers on their way to a hotel in a national park went missing in the rubble, Reuters reported. Here are top 10 updates on Taiwan earthquake, 1) Two Indians — a man and a woman — have been reported missing after the earthquake.

The world’s most important semiconductor-manufacturing hub is also one of the world’s biggest earthquake hot spots, and it was put to the test Wednesday after a powerful quake. Taiwan Semiconductor Manufacturing—which makes chips for customers such as Apple and occupies a critical place in the global electronics supply chain—has prepared for years for a quake, drawing on lessons from a 2011 disaster in Japan among others. TSMC briefly evacuated some of its locations Wednesday and suspended work at some plants after an estimated 7.4-magnitude quake struck eastern Taiwan.

earthquake off the coast Taiwan with a magnitude of 7.2 rocked the entire island on Wednesday morning, collapsing buildings in a southern city and creating a tsunami that washed ashore on southern Japanese islands.Taiwan television stations showed footage of some collapsed buildings in the lightly populated eastern city of Hualien, near the quake’s epicentre, and media reported some people were trapped. A five-story building appeared heavily damaged, collapsing its first floor and leaving the rest leaning at a 45-degree angle.In the capital, Taipei, tiles fell from older buildings and within some newer office complexes.

Read the full story here.)Sensex Today Live : Indian stock markets were likely to open on a negative note, tracking falls in global peers as markets digested the risk of a longer wait for rate cuts by the US Federal Reserve.The Gift Nifty futures, at 22,455, at 7:56 am, were below Tuesday's Nifty 50 close of 22,453.30, indicating a slow start for Indian benchmarks.Asian shares tracked Wall Street lower on Wednesday as U.S. yields held near four-month highs, while a powerful earthquake in the region raised concerns about possible disruptions to the vital chip-making industry.Markets are also pondering the risk of slower rate cuts ahead of U.S.

Okinawa. "Tsunami waves of up to 3 meters were expected to reach large areas of Japan's southwestern coast," according to the Japan Meteorological Agency, which put the quake magnitude at 7.5, as per Reuters report. Additionally, a powerful earthquake with a magnitude of 7.2 struck offshore Taiwan on the same day, shaking the capital city of Taipei and prompting tsunami warnings for the islands of southern Japan and the Philippines.

record highs on Wall Street. The benchmark Nikkei 225 index added 0.48 percent, or 193.04 points, to 40,361.11 in early trade, while the broader Topix index rose 0.58 percent, or 16.03 points, to 2,766.84.

TAIPEI (Reuters) — Taiwan's central bank said on Tuesday it would continue moderate tightening of monetary policy to curb rising inflation expectations after unexpectedly raising its benchmark rate last week.

Ethereum co-founder Vitalik Buterin unveiled a new “rainbow staking” framework on Wednesday that may help decentralize protocol control from the network’s largest players.

Lord Buddha, along with those of his disciples Arahant Sariputta and Arahant Maha Moggallana, after 26 -days returned to the National Museum in Delhi on March 19 and was open to brief exposition to the New Delhi based diplomatic corps on March 20. Minister of State for External Affairs Meenakshi Lekhi participated in the ceremony of prayers and chanting in the presence of representatives of the diplomatic corps from 15 countries. Those present on the occasion were Kshenuka Dhireni Senewiratne, High Commissioner of Sri Lanka; Pattarat Hongtong Ambassador, Thailand; Yasiel Alines Burillo Rivera, Ambassador of Panama; Vahagn Afyan, Ambassador of Armenia; Kenneth da Nobrega, Ambassador of Brazil; Guillermo Rubio Funes, Ambassador of El Salvador; Moe Kyaw Aung, Ambassador of Myanmar; Colin Kao, Deputy Director of the Division, Taipei Economic and Cultural Centre in India and senior diplomats from Indonesia, Bhutan, Myanmar, Romania, Peru and Serbia.

TAIPEI (Reuters) — Taiwan's central bank is expected to hold its policy interest rate steady this week and to stay the course until early next year as it navigates ongoing concerns over inflation, according to economists in a Reuters poll.

By Faith Hung and Liang-sa Loh

Taiwan's foreign ministry strongly criticized China's response to an interview featuring Taiwan's Foreign Minister Joseph Wu with an Indian media outlet, asserting that “we are not puppets of the People's Republic of China." Earlier on Saturday, the Chinese embassy in India expressed concern regarding an Indian media channel's interview with Taiwan Foreign Minister Joseph Wu, accusing it of allowing him to promote ‘Taiwan independence.’ The Chinese embassy issued a statement condemning certain Indian TV channels for airing an interview with Taiwan's Foreign Minister Joseph Wu on February 29, 2024. The embassy criticized the interview, and said, “Taiwan's foreign affairs office Joseph Wu, which provided a platform for him to advocate 'Taiwan independence' and disseminate false information.

TAIPEI (Reuters) — Taiwan's trade-based economy is expected to grow at a faster clip in 2024 than previously forecast, as export demand for the island's high-tech products begins to recover, the statistics office said on Thursday.