Taiwan Financial News

Tourists planning on visiting the People's Republic of China can now pre-charge Digital Yuan wallets using VISA and Mastercard payment options as the nation continues to update the mobile app powering its CBDC pilot.

Taiwanese company canceled all shifts for the day at the factory located near Chennai in Tamil Nadu state. It has not yet communicated to assembly workers whether the facility will resume operations on Tuesday, as per the Reuters sources. In a statement given to the agency, Pegatron confirmed that there was a spark incident at the facility, which is now under control.

oil prices weighed down investor sentiment. The losing run resulted in the benchmark indices shedding about 2.7% this week — their highest weekly loss since February. NSE's Nifty fell 68.10 points, or 0.34%, to close at 19,674.25.

China are establishing two working groups to discuss economic and financial issues, the latest sign of a thaw in relations between the world's largest economies. The groups «will provide ongoing structured channels for frank and substantive discussions on economic and financial policy matters, as well as an exchange of information on macroeconomic and financial developments,» the US Treasury Department said in a statement Friday. Meetings will be held regularly at the vice-minister level, with officials reporting back to Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng, according to the Treasury. That framework is notably less extensive than the bilateral forums earlier this century, when gatherings featured multiple cabinet members and spanned a wide array of subject matters. The announcement comes after a string of visits to China by high-level US officials that appear to have helped stabilize ties.

Ukraine and Taiwan for headlines, but it could soon prove as dangerous as either. Its nuclear-weapons programme has put its regime in a position to dash for a bomb. Because full-blown negotiations are impossible, the threat could yet draw the Middle East into war—including through American strikes on Iranian nuclear facilities.

TAIPEI (Reuters) -Taiwan's central bank cut its 2023 economic growth forecast for the export-reliant economy due to sluggish global demand though predicted better growth next year, while it kept rates on hold on Thursday as inflationary pressures cool.

G20 summit in Delhi on September 9th and 10th—an unprecedented absence. But on September 16th and 17th Wang Yi, who succeeded Mr Qin as foreign minister in late July, met America’s national security adviser, Jake Sullivan, in Malta. According to Bloomberg, they discussed a possible meeting between Mr Xi and President Joe Biden at a gathering of Asia-Pacific leaders scheduled for November in San Francisco.

Oil prices fell in early Asian trade on Thursday after falling by the most in a month in the previous session on U.S. interest rate hike expectations, and ahead of a steer from other central banks on their rate outlooks. Brent futures for November delivery fell 44 cents, or 0.5%, to $89.18 a barrel by 0010 GMT.

economic activity is seen supported by a rebound in tourism and healthy domestic demand. ‘’Domestic demand is continuing to support developing Asia’s growth.

Semiconductor supply chains in Asian countries such as India, China, Malaysia, Taiwan, Vietnam, and Indonesia are becoming more significant over time for Intel, the company’s chief executive officer Pat Gelsinger said. “With our footprints in Malaysia and the vast supply chains in China and Taiwan, and areas like Vietnam, Indonesia, and India are now becoming more significant. As these projects start coming online with their manufacturing capabilities, we will have a robust Americas supply chain, and robust supply chain in Europe and Asia,” Gelsinger said, responding to a question from ET.

Governors from the Southwestern United States are pursuing stronger business ties with Taiwan in hopes of attracting new foreign investments and jobs to their landlocked states

Asus has announced plans to relocate key component suppliers from its primary manufacturing hub in China to India. The company is collaborating with contract manufacturer Flex to establish a new factory in Chennai, capitalizing on the government's revamped Rs 17,000-crore production-linked incentive (PLI) scheme for IT hardware. With a market valuation of $15 billion, Asus aims to aggressively expand its production operations in India, relying on the government's PLI scheme.

Intel chip due in December will be able to run a generative artificial intelligence chatbot on a laptop rather than having to tap into cloud data centers for computing power, the company said on Tuesday. The capability, which Intel showed off during a software developer conference held in Silicon Valley, could let businesses and consumers test ChatGPT-style technologies without sending sensitive data off their own computer. It is made possible by new AI data-crunching features built into Intel's forthcoming «Meteor Lake» laptop chip and from new software tools the company is releasing.

This week, Cointelegraph reporter Joe Hall takes podcast listeners back to school — Bitcoin (BTC) school. 

agricultural products (Brazil), fuel (Gulf nations, Malaysia), minerals and ores (Chile, Peru, Australia), electronics and chips (South Korea, Japan) and machinery (Germany) to China. Of these, the risk is higher for economies where exports contribute significantly to GDP, because they face sharp growth downgrades if a slowing China cuts back on imports. This means that the US, which exports four times more to China in dollar terms than, say, Chile, is less directly impacted because the US economy is led by domestic consumption rather than exports.

Investing.com -- U.S. futures point higher, with markets almost certain that Federal Reserve policymakers will hold interest rates steady following a much-anticipated policy-setting meeting that starts on Tuesday. Elsewhere, Instacart shares are set to begin trading in New York after the online grocery delivery service priced its initial public offering at the top-end of its target range, while the United Auto Workers union warns of further U.S. plant closures if fraught negotiations with three major carmakers show no signs of progress.

By Sarah Wu

Xi Jinping told two US Flying Tigers veterans who fought for China during World War II that China and the US «should and must» achieve peaceful co-existence, offering further cues for both sides to lower persistent tensions. In his reply to a letter from former pilot Harry Moyer and pilot gunner Mel McMullen, Xi said the people of China and the United States had shared the same enemy in their fight against Japan and had forged a «profound» friendship, according to Chinese state media on Tuesday. «Looking to the future, China and the United States, as two major countries, bear more important responsibilities for world peace, stability and development,» Xi said. «They should and must achieve mutual respect, peaceful coexistence, and win-win cooperation.» His call for stable and peaceful ties followed a series of meetings and talks between US and Chinese officials in recent months aimed at reducing tensions and restoring channels of communication including contact between their militaries. The American Volunteer Group, known as the Flying Tigers, was a fighter group, comprising former US pilots hired by the Republic of China led by Chiang Kai-shek's Kuomintang, to fight against Japan in 1941-42. The airmen, whose planes were iconic for their shark faces, were widely known in China for their feats of bravery in the face of larger Japanese forces as they took to the skies from rural runways paved by Chinese people by hand. «Currently, China-US relations face many difficulties and challenges,» Chinese Vice President Han Zheng told U.S.

Foxconn's investment in India, currently at $8 billion, is likely to go up fivefold in the next three years, a senior government official told ET, adding that the company will become a key part of the «big Apple story unfolding in India».«While they have written that they will double (their investment), their plan is to actually increase (their investment) by five times in the next three years,» the official told ET.The Taiwanese company, which

Taiwan’s Crypto Association has established talks with the El Salvador authorities – the Central Bank, the Virtual Assets Bureau, and the Presidential Palace – calling for enhanced crypto regulations.

An earthquake of magnitude 6.1 struck northeast of Taiwan region on Monday, the German Research Center for Geosciences (GFZ) said. The earthquake was also confirmed by United States Geological Survey (USGS).