MOEA Dep. Minister warns Taiwan businesses of risks in Vietnam

TAIPEI (Taiwan News) – On Tuesday (July 23) at the Taiwan-ASEAN+India Strategic Investment Partnership Forum, Deputy Minister of Economic Affairs, Wang Mei-Hua (王美花), issued cautionary statement...

IMF sees a weaker global economy but upgrades US forecast

WASHINGTON (AP) — The International Monetary Fund is downgrading its outlook for the world economy because of simmering international trade tensions. But at the same time, the fund i...

European Central Bank could act before Fed to add stimulus

FRANKFURT, Germany (AP) — The European Central Bank could take action including a possible rate cut at its policy meeting on Thursday, as central banks around the globe rev up stimulus to support the ...

Taiwan unlikely to follow South Korea, US in dropping interest rates

TAIPEI (Taiwan News) -- Taiwan’s central bank is not expected to lower interest rates despite precedents set by other countries, and it expects improved growth in the second half of the year. ...

Facing Trump's tariffs, some companies move, change or wait

WASHINGTON (AP) — Some are moving factories out of China. Others are strategically redesigning products. Some are seeking loopholes in trade law or even mislabeling where their goods originate — all w...

Over 50 major manufacturers mull shifting production away from China: Nikkei

TAIPEI (Taiwan News) – With the U.S.-China trade war at a stalemate, more than 50 major global enterprises, including Apple Inc., are weighing whether to shift their production sites away from C...

54% of Taiwan's employers planning 3.5% pay raise in H2

TAIPEI (Taiwan News) -- Nearly 54 percent of companies in Taiwan plan on giving their employees a 3.5 percent raise on average in the second half of this year, below the 6 percent average expectation ...

China experiences lowest growth in 27 years

TAIPEI (Taiwan News) -- The latest numbers from the National Bureau of Statistics of China (中國國家統計局) show a slowdown in GDP growth, marking the country’s lowest rate of growth since 1992. Thi...

Powell’s message to Congress: Rate cut is likely coming soon

WASHINGTON (AP) — Pointing to a weaker global economy, rising trade tensions and chronically low inflation, Chairman Jerome Powell signaled Wednesday that the Federal Reserve is likely to cut in...

78% of Taiwan's CEOs confident about country's economic future

TAIPEI (Taiwan News) – According to a survey among CEOs in Taiwan released by KPMG Taiwan (安侯建業), 78 percent of CEOs surveyed are optimistic and confident about Taiwan’s domestic economic ...

Hong Kong consumer confidence dips to lowest in five years

TAIPEI (Taiwan News) – Hong Kong exhibited the lowest degree of consumer confidence for the second quarter of 2019 when compared with China, Macau, and Taiwan, according to a consumer confidence...

US expert predicts China’s Communist government will self-destruct

TAIPEI (Taiwan News) – China watcher Steven Mosher sees the country’s Communist government eventually self-destructing, regardless of whether it chooses control or reform, the Epoch Times ...

World's leading diamond producer hit hard by US-China trade war

TAIPEI (Taiwan News) – Russian diamond mining group Alrosa has been deeply affected by the U.S.-China trade war, and its sales in the Chinese market have slumped as a result, the Financial Times...

US State Department greenlights US$2.2 billion sale of tanks, missiles to Taiwan

TAIPEI (Taiwan News) -- The U.S. State Department has approved a plan to sell US$2.2 billion dollars worth of Abrams tanks, Stinger missiles, and other weapons and equipment, despite protests from Bei...

Taiwan among four ‘victors’ in Asia amid US-China trade feud

TAIPEI (Taiwan News) – Taiwan joins South Korea, Vietnam, and Bangladesh as a victor in the protracted trade battle between China and the United States, according to reports. The U.S. importe...