Text of the Fed's statement after its meeting Wednesday

WASHINGTON (AP) — Below is the statement the Fed released Wednesday after its policy meeting ended: Information received since the Federal Open Market Committee met in May indicates ...

Taiwan can count on U.S.' commitment to a shared future: AIT director

Taipei (CNA) -- Taiwan can count on the United States' "unwavering commitment to our future together," while China is cause for concern, Brent Christensen, director of the American Insti...

US retail sales rose 0.5% in May, led by online shopping

WASHINGTON (AP) — Americans stepped up their retail spending last month, a sign that low unemployment and modest wage gains are encouraging consumers to shop. The Commerce Department...

Asian markets wobble as US, China trade jibes over trade

BANGKOK (AP) — Asian shares wobbled Monday after U.S. and Chinese officials traded jibes in their widening clash over trade and technology. China's Shanghai Composite lost 0.5% to 2,...

Beijing will risk everything to annex Taiwan, says Chinese Defense Minister

TAIPEI (Taiwan News) – Chinese Defense Minister, Wei Fenghe (魏鳳和), spoke at the annual Shangri-La Dialogue and security summit on Sunday (June 2), declaring that China would “fight at all ...

China's auto sales fall 17.7% in April, extending slump

BEIJING (AP) — China's auto sales sank 17.7% in April from a year earlier, extending a slump amid trade tension with Washington and an economic slowdown. An industry group, the China...

US-China trade fears unnerve investors, pulling shares lower

BANGKOK (AP) — Shares skidded in Asia on Wednesday after the Dow Jones Industrial Average tumbled more than 470 points overnight amid mounting trade tensions between the U.S. and China. ...

Taiwan ranked 17th richest country in world

TAIPEI (Taiwan News) -- Taiwan was ranked as the 17th richest country in the world by Global Finance Magazine based on per capita income and adjusted for purchasing power. In its latest report on r...

A solid US job gain expected for April amid resilient growth

WASHINGTON (AP) — U.S. employers are expected to have delivered a solid month of job growth in April, buoyed by a resilient economy that has confounded concerns that 2019 would begin with a slowdown. ...

Fed likely to underscore a message: No rates hikes in 2019

WASHINGTON (AP) — The Federal Reserve this week will likely reinforce a theme that has cheered consumers and investors since the start of the year: No interest rates hikes are likely anytime soon. ...

Taiwan’s GDP in 2019 to remain at 2.12%

TAIPEI (Taiwan News) – The Taiwan Institute of Economic Research (TIER) reports that Taiwan’s predicted 2019 GDP growth rate is unchanged at 2.12 percent, as forecast in January, but cauti...

Legalization of gay marriage set to boost Taiwan’s economy

TAIPEI (Taiwan News) – A number of the world’s leading corporations have expressed optimism about the economic outlook of Taiwan after it becomes the first Asian country to legalize same-s...

Stocks move sideways on Wall Street after record-setting day

NEW YORK (AP) — U.S. stocks followed a record-setting day with more subdued trading Wednesday as investors continue digesting a steady flow of corporate earnings and a potential break in the trade war...

Asian markets lower after S&P 500, Nasdaq hit record highs

BANGKOK (AP) — Major share benchmarks were mostly lower in Asia on Wednesday as the rally on Wall Street, where the S&P 500 logged an all-time record high close, ran out of steam. ...

Asian markets lower after S&P 500, Nasdaq hit record highs

BANGKOK (AP) — Shares were mostly lower in Asia on Wednesday as the rally on Wall Street, where the S&P 500 logged an all-time record high close, ran out of steam. Japan's Nikkei...