Taiwan Financial News

China’s e-CNY pilot program is gaining significant attention as three additional banks join the initiative.

More foreign banks have joined China’s digital yuan central bank digital currency (CBDC), the e-CNY, following British bank Standard Chartered’s entry on Nov. 27, bringing its total to four.

Japan and Vietnam have agreed to boost their security and economic ties in the face of China’s growing influence in the region

diversify their businesses outside of China as tensions rise between Washington and Beijing. Also Read: 'Season of hot sales': Apple supplier Foxconn logs surprise jump in Q3 profit. Details here About half of Foxconn’s revenue comes from business with Apple Inc.

Emerging-market stocks and currencies are heading for their best month since January, but there are major pitfalls ahead that could derail the rally. 

Hu Ling made history on Saturday as the first Chinese film star to grace the red carpet of Taiwan's Golden Horse Awards since 2019. During that year, China had boycotted the prestigious awards show due to political tensions surrounding Taiwan's status as a self-ruled island.

Taiwan to make biological weapons at a lab run by the island’s defence ministry, the report claimed. Taiwanese and American officials denied it. The allegedly leaked minutes, it transpired, were not written in the usual style of Taiwanese government records.

Thailand extends visa-free entry to Indian and Taiwanese tourists for six months Air India holds an advantage over IndiGo in terms of transferring passengers, as all its operations are under one roof. However, for international-to-international transfers, both airlines stand on equal footing. Seven of Thailand's top ten source markets are Asian countries, with the remaining three being Germany, the UK, and the USA.

Write to Joyu Wang at [email protected] Alert!Livemint tops charts as the fastest growing news website in the world

By Joe Cash

By Greg Torode

The ongoing investigation into Taiwanese cryptocurrency exchange JPEX has taken a dramatic turn with the involvement of Chen Lingjiu, a well-known Taiwanese singer. As reported by Central News Agency on November 9, 2023, this development is part of a larger narrative of troubles surrounding JPEX, known for its rapid rise in the Asian cryptocurrency market and subsequent legal challenges.

In a world of rapidly changing geopolitical realities with growing uncertainty and instability, international trade is striving to cope with emerging challenges. After abrupt supply-chain disruptions during the pandemic, revealing global overdependence on China for trade as well as investment, national governments and corporates worldwide sought to diversify both and establish alternative supply chains.

Shares are mixed in Europe and Asia after a modest advance on Wall Street that kept the market on track for a fourth straight weekly gain

Shares are mostly lower in Asia after a modest advance on Wall Street that kept the market on track for a fourth straight weekly gain

China is witnessing another alarming outbreak. As per reports, several children in China have fallen prey to a mysterious influenza-like illness. Taiwanese news channel FTV News reported that innumerable hospitals in Beijing and Liaoning have been filled to the brim with sick children. Although the patients do not have symptoms such as whooping cough. However, they are suffering from fever and have exhibited swollen pulmonary nodules. The World Health Organization (WHO) has now asked Chinese authorities to provide more transparency into the outbreak with in-depth data. “WHO has made an official request to China for detailed information on an increase in respiratory illnesses and reported clusters of pneumonia in children," the UN body told in a statement.

Philippines are conducting joint air and maritime patrols in the South China Sea, which come as the two countries step up cooperation in the face of growingly aggressive Chinese activity in the area. The Philippine Air Force said Wednesday its aircraft had taken part in joint patrols on Tuesday in the vicinity of Batanes, the northernmost province of the Philippines, which is only about 200 kilometers (125 miles) from Taiwan, a self-governed island that China claims as its own. The patrols run through Thursday and also include both the U.S. and Philippine navies.

US-China summit was designed for limited results. Joe Biden met Xi Jinping for four hours outside San Francisco, took a stroll and seemed to make nice. On the other side, China's military continued to tango with war-like provocations against the US and other forces. New Delhi kept an eye on the summitry — as it should have — for any overly accommodative measures.

Taipei-based trading platform, Kronos Research has suffered a cybersecurity breach, leading to a staggering $26 million loss in crypto assets.

By Jamie McGeever

China's growing influence across Central America. With the Chinese ambassador at his side, Bukele toured the seven-story building, erected at a cost of $54 million paid for by China. The building sprawls over 24,000 square meters (260,000 square feet), and contains gamer and robotics areas, interactive digital screens and both a digital library and shelves containing 360,000 books, the government said on Tuesday. A day later, the son of Nicaraguan President Daniel Ortega, Laureano Ortega, inspected 250 Chinese-made buses and thanked Beijing for the «special relationship» he asserted was lifting the nation out of poverty. «The new politics of the region has accelerated China's influence and put distance between the United States and Central America, from the leftist authoritarian Ortega regime to the right-wing authoritarian Bukele regime,» Evan Ellis, a researcher at the US Army War College Strategic Studies Institute, told AFP. Since Costa Rica switched diplomatic relations from Taipei to Beijing in 2007, China has steadily gained ground in Central America, establishing relations with Panama (2017), El Salvador (2018), Nicaragua (2021) and most recently Honduras earlier this year. «China's efforts in Central America have mostly been driven by an interest in isolating Taiwan,» Margaret Myers, a specialist in China and Latin America at the Inter-American Dialogue, told AFP. In Central America, only Guatemala and Belize are among the dwindling 13 nations that still maintain diplomatic ties with Taiwan, a self-governing island that China considers part of its territory.