Perng Fai-nan, governor of the Central Bank of China (CBC), announced on August 31 that Taiwan and China have signed the memorandum of understanding for cross-Taiwan Strait currency clearance and will select the clearance bank in the next ...
The Bank of Israel is using Google search data to find clues to the state of the Israeli economy,analysing keyword counts reported by Google,before it releases its own official statistics. And the Bank of England,the Federal Reserve in ...
Tags: central bank, Google, economy
While earnings from marquee-name tech companies such as Apple and Facebook disappointed this week, sales of mobile devices and enterprise software showed signs of growth. The deluge of earnings reports offered mixed news about sales but ...
Tags: ERP, Wall Street, US, software
The chairman and founder of China’s largest plastic pipe maker, China Liansu Group Holdings Ltd., has invested an additional HK$20.1 million (US$2.6 million) into the company, increasing his ownership share of the publicly-traded firm ...
Tags: market view, plastic pipe
Catalina Holdings (Bermuda) has agreed to acquire HSBC Holdings' two legacy businesses, HSBC Reinsurance and HSBC Insurance (Ireland). The two businesses ceased to write new business and were placed into run-off in June 2010 and June 2009 ...
Tags: Catalina Holdings, Legacy Businesses, HSBC
Indonesian cement producers estimate that cement sales will have grown steadily at 16 percent during the first half of this year, driven by the realization of infrastructure projects and the residential housing boom. Widodo Santoso, the ...
Tags: market view, cement
Ireland has fined UBS AG's life insurance subsidiary for violating a regulation of 2010, intending to prevent money laundering law and the financing of terrorism. The Central Bank of Ireland fined EUR65,000 and alleged that UBS had not ...
Tags: UBS AG, financing of terrorism, effective implementation
China–the largest jewellery market for the third consecutive quarter. Global gold demand in Q1 2012 was 1,097.6 tonnes,down 5%from the high demand levels seen in Q1 2011,according to the World Gold Council's Gold Demand Trends ...
Tags: gold, demand, import taxes
Japanese stocks rose, with the Nikkei 225 (NKY) Stock Average rising the most in two weeks, after a North Korean rocket launch failed and Fast Retailing Co. Forecast record profit. Shares pared gains as slower growth in China tempered ...
Tags: market view, robotics
Japan’s machinery orders exceeded all economists’ estimates in February, signaling gains in capital spending that may help to sustain a recovery in the world’s third-biggest economy. Bookings (JNMOCHNG) increased 4.8 ...
Tags: market view, Machinery
South Africa’s trade deficit narrowed in February from a three-year high in the previous month as vehicle and machinery exports climbed. The shortfall eased to 7.5 billion rand ($976 million) from 13.5 billion rand in January, the ...
Tags: market view, machinery
German business confidence jumped more than economists forecast in January to a five-month high, signaling Europe’s largest economy may avoid a recession. The Ifo institute’s business climate index, based on a survey of 7, 000 ...
Tags: market view, machine
Euro-area producer-price inflation slowed for a third month in December, adding to signs of easing cost pressure across the region as growth weakens. Factory-gate prices in the 17-nation euro region rose 4.3 percent from a year earlier ...
Players in China’s polymer markets are expressing mixed forecasts for 2012. While there is general agreement that upstream costs will continue to support polymer prices, players hold divergent opinions about the macroeconomic outlook ...
Tags: market view
Germany’s economy is expanding “noticeably slower” in the final quarter as demand for exports, the mainspring for growth, tapers off in the euro region and globally, the Finance Ministry said. After notching up growth of ...
Tags: market view, economy