Taiwan Financial News

Thailand has announced the temporary removal of visa requirements for travellers from India and Taiwan starting next month and continuing until May 2024. As reported by Reuters, this decision follows a previous move in September to eliminate visa requirements for Chinese tourists, who were a significant source of visitors before the pandemic, accounting for 11 million out of the record 39 million arrivals in 2019. "Arrivals from India and Taiwan can enter Thailand for 30 days," spokesperson Chai Wacharonke said.

Europe had been moving towards the slaughterhouse for years, and by 1914 a conflict was all but inevitable—that, at least, is the argument often made in hindsight. Yet at the time, as Niall Ferguson, a historian, noted in a paper published in 2008, it did not feel that way to investors. For them, the first world war came as a shock.

Oil prices rose in early Asian trade on Tuesday ahead of global central bank meetings and as tensions in the Middle East remained high. Brent crude futures rose 46 cents, or 0.53%, to $87.91 a barrel by 0001 GMT while U.S. West Texas Intermediate crude climbed 33 cents, or 0.4%, to $83.64 a barrel. Oil fell more than 3% on Monday as Israel's attacks on Gaza escalated although fears eased that the Israel-Hamas war would disrupt supply from the region. Israeli troops and tanks attacked Gaza's main northern city from the east and west on Monday, three days after it began ground operations in the Palestinian enclave. Traders were also keeping a close eye on global monetary policy, with rate-setting meetings of major central banks scheduled for this week. The Bank of Japan (BOJ) will be the first with its meeting on Tuesday where it is likely to revise up its inflation forecasts and discuss further tweaks to its bond yield curve control (YCC). Speculation grew on Monday that the BOJ would act after Nikkei, citing sources close to the matter, reported that policymakers may further tweak YCC to allow the 10-year Japanese government bond yield to rise above 1%. The U.S.

Mumbai: As per the International Monetary Fund’s World Economic Outlook released in early October, China is expected to grow by 5% in 2023. This growth forecast is in constant terms adjusted for inflation and in the Chinese currency yuan. A growth of 5% in 2023 is better than growth of 2.2% in 2020 and 3% in 2022.

Standard Chartered’s Q3 results – which came out yesterday — revealed the numbers behind something many have seen going on for a while: two cities are subsiding the entire rest of the bank.

Tether, the preeminent stablecoin firm globally, has once again exemplified its resolve against illicit financial activities by freezing 32 cryptocurrency addresses, implicated in terrorism and warfare funding within Israel and Ukraine. The move showcases the intensifying collaboration between cryptocurrency establishments and global law enforcement to counteract the rising tide of digital-financed crime.

Confederation of Indian Industry explored the possibilities of boosting ties with Taiwan in various industrial sectors, a senior official said. The delegation led by CII Tamil Nadu Textile Panel Convenor G R Gopi Kumar studied areas of mutual understanding in man-made fabrics, sustainable and technical textiles and invited firms from Taiwan to invest in the state.

Analysts are however hesitant to conclude that the bounce back will be sustained with geopolitical tensions and concerns over higher US bond yields continuing to cast a shadow over the markets. NSE's Nifty gained 190 points, or 1.01%, to close at 19,047.25. BSE's Sensex rose 634.65 points, or 1.01%, to end at 63,782.80. «The market has recovered due to a technical pullback after it was in the oversold category for the last six trading sessions,» said Dharmesh Shah, head, technical, ICICI Securities.

United States and China have agreed to work together toward an expected summit between presidents Joe Biden and Xi Jinping next month, U.S. officials said on Friday, following hours of meetings between Chinese foreign minister Wang Yi and senior U.S.

Taiwan has introduced its first steps toward crypto regulation by proposing a Virtual Asset Management Ordinance Draft bill, which has passed its first hearing at Taiwan’s parliament, the Legislative Yuan. The bill was co-authored by 17 lawmakers who believe that crypto assets are distinct from traditional financial products and warrant special regulations. The goal of the bill is to introduce a regulatory framework and create oversight over the crypto industry. While Taiwan’s Financial Supervisory Commission (FSC) had previously released guidelines for the crypto sector, the proposed bill would provide legal enforceability for crypto businesses that the FSC’s guidelines were lacking. At the moment, Taiwanese virtual asset service providers need to comply with anti-money laundering laws, yet the crypto industry remains largely unregulated. The proposed bill would upheave this by setting operational standards for asset operators, enhancing customer protection, and requiring all cryptocurrency platforms operating in Taiwan to obtain a permit. While this first iteration of the proposed bill would require operators of exchanges to allow regulators, such as the FSC, to regularly inspect their systems, it currently does not take a strong position on derivatives or stablecoins, restrict trading of virtual assets to professional investors or explicitly mandate the use of third-party custodians. An exact timeline for the second reading of the bill has not been outlined, but the FSC is expected to add its own submissions to the draft before the next reading.

On Oct. 25, Taiwanese legislators introduced the Virtual Asset Management Bill to the unicameral parliament, the Legislative Yuan. The bill aims to provide “better protection” for customers and “properly supervise” the industry.

Taiwan's chip industry is ready to work with the government to achieve its 2050 net-zero goal but development of new energy sources needs to be hastened as demand for artificial intelligence booms, a top industry executive said on Friday. Taiwan imports almost all its energy needs, mostly in the form of natural gas and coal, but has embarked on a big push for more renewable energy to achieve its carbon neutral target.

Taiwan parliament, the Legislative Yuan, has passed the first reading of a proposed crypto law that would regulate the crypto asset industry.

Global fintech firm Circle, which issues dollar-pegged USDC stablecoin, will soon offer loyalty points to stablecoin conversion service in Taiwan.

United States-based stablecoin issuer Circle has announced a partnership with Taiwan’s second-largest convenience store chain, FamilyMart, and a local crypto exchange, BitoGroup. According to the company’s press release from Oct. 26, it will deliver a new “Points-to-Crypto” service on the FamilyMart app. 

Narendra Modi and called India a reliable partner. Recently he shared a video on Instagram where he spoke openly about his opinions about India and PM Modi, and the role India plays in avoiding a war between China and Taiwan. On being asked if he has any relationship with Modi, Ramaswamy said, "I don't know him yet.

Shares have skidded in Europe and Asia after Wall Street tumbled as bond yields tightened their chokehold

defence spending would boost the economy. “We can reap a genuine peace dividend this year and then year after year, in the form of permanently reduced defence budgets," he declared in 1992. The world took note.

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TAIPEI (Reuters) — After mastering making iPhones, Taiwan's Terry Gou, the billionaire founder of major Apple (NASDAQ:AAPL) supplier Foxconn, wanted to turn his entrepreneurial skills elsewhere — to be the island's next president.

China on Wednesday urged Taiwanese firms operating in the country to show «responsibility», after Beijing launched a probe into tech giant Foxconn over tax and land irregularities. State media reported over the weekend that Foxconn — a Taiwanese firm that is one of the world's largest contract producers of electronics and a key supplier for Apple's iPhones — was under investigation.