Taiwan Financial News

Chinese President Xi Jinping has warned his US counterpart Joe Biden that Beijing will reunify Taiwan with mainland China but that the timing has not yet been decided, NBC News reported. NBC News is the news division of the American broadcast television network NBC.

More than 40 countries have made significant strides in advancing crypto-focused regulations and legislation this year, indicating a growing global trend towards wider cryptocurrency adoption.

(Reuters) -New York-listed e-commerce giant Coupang plans to buy Farfetch (NYSE:FTCH) Holdings in a deal that will provide the struggling online luxury fashion retailer with $500 million in capital to stay in operation, the companies said in a joint statement.

Narendra Modi seems certain to extend his rule to 2029; and Donald Trump could return to the White House despite charges of subverting U.S. democracy. For those who worry that authoritarian rulers are firmly in the ascendant over more liberal democrats, there is likely to be much to fret about in 2024.

weather balloons flew across the sensitive Taiwan Strait on Sunday but stayed well to the north of Taiwan, the island's defence ministry said on Monday, the second time this month Taipei has reported them nearby. The potential for China to use balloons for spying became a global issue in February when the United States shot down what it said was a Chinese surveillance balloon, but which China said was a civilian craft that accidentally drifted astray. Taiwan is on high alert for Chinese activities, both military and political, ahead of the Jan. 13 presidential and parliamentary election.

The former Governor of China’s central bank, Dai Xianglong, has insisted that China needs to “lead the world’ in CBDC adoption, as the nation’s digital yuan pilot continues.

Midway through 2001, the U.S.-China relationship looked to be in a dire place. Two years earlier, NATO missiles had hit the Chinese Embassy in Serbia, killing three Chinese citizens. Then the spy plane crisis of April 2001—where a Chinese plane collided with a U.S.

BSE Sensex was valued 24.8 times the earnings of its 30 constituents. This average monthly price-to-earnings (PE) ratio of the Sensex has been higher than this only about 20% of the time since 1990. While it has delivered gains even at higher valuations, some of the corrections have been brutal—the Harshad Mehta securities scam in 1992, the dotcom crash in 2000, and the US financial contagion in 2008.

Taiwanese law enforcement has initiated an investigation into online influencers and community members involved in promoting a Polymarket contract related to Taiwan’s upcoming election. 

An investigation into the possibility of establishing bitcoin exchange-traded funds (ETFs) is now being conducted by Taiwan's Financial Supervisory Commission (FSC), which is in the exploratory phase. The use of digital assets inside regulated financial markets is becoming more popular throughout the world, and this move is in line with that trend.

2024 after a dismal showing for IPOs this year, noting that interest rates have stabilised globally but they add that elections across the region and in the U.S. could crimp demand. High interest rates, sticky inflation and geopolitical tensions have seen share sales by Asia Pacific (including Japanese) companies sink by a fifth in value so far this year to $229 billion, LSEG data shows.

policy environment in 2024 have boosted most Asian currencies versus the dollar, but the rupee's gains have paled in comparison as the Indian central bank looks to build a reserves buffer and preserve export competitiveness amid a global scarcity of the greenback. On Thursday, the rupee closed at 83.3275 per US dollar, just 0.09% stronger than 83.4025/$1 at previous close. Meanwhile, currencies such as the Thai baht and the South Korean won notched up gains of around 2% versus the US dollar on Thursday while the Indonesian rupiah strengthened 1%, Bloomberg data showed. The Malaysian ringgit, the Taiwanese dollar, the Chinese yuan, the Philippine peso, and the Singapore dollar also outstripped the rupee's gains on Thursday, with the domestic currency extending the underperformance it showed versus its Asian peers last month.

Taipei Blockchain Week kicked off this week with around 2,000 people from the crypto community gathering on Thursday to hear industry players discuss blockchain trends ranging from Llayer 1’s role in Web3’s in 2024 to the future of decentralized finance (DeFi).

Gogoro is looking to scale up investments in the Indian market to make electric two-wheelers locally and set up a battery swapping network to support these vehicles over the next few years. “We have invested $650-700 million in Taiwan so far to set up 12,000 swapping stations, which has in circulation 1.3 million batteries for us and our partners. The Indian market is 20X that.

Taiwan’s Financial Supervisory Commission (FSC) has set up a Financial Technology Bureau to oversee cryptocurrencies to protect investors and increase regulation, according to a Taiwanese news report by United Daily News (UDN).

The Biden administration is announcing the first allocation of incentives from last year’s bipartisan CHIPS and Science Act

China on Saturday lodged a protest after calls at the UN climate talks in Dubai to include Taiwan, the self-governing democracy claimed by Beijing. Two of the dwindling number of countries that recognise Taiwan — Guatemala and the tiny Pacific island of Nauru — both hailed support from Taipei in addresses at the COP28 conference.

Gold prices hit another record high this week after a roaring 2023, and a combination of geopolitical tensions and continued central bank buying should see demand remain resilient next year, according to the World Gold Council.

Singapore’s regulatory body the Monetary Authority of Singapore (MAS)  plans to begin piloting the digital currency “E-CNY” – also known as the digital yuan, in collaboration with China to encourage tourism spending.

When the Center for Strategic and International Studies simulated a war between the U.S. and China over Taiwan, the wargame ended with Taiwan still free, at grievous cost. The U.S.

The presence of U.S. military bases on the Japanese island of Okinawa, regularly used by Canadian Armed Forces members, is coming under criticism from locals who are Indigenous to those lands.