Risk evasion continued Tuesday allowing the U.S. dollar and Japanese Yen to maintain their positions against the background of lack of economic reports planned earlier. First of all, it was caused by the expansion of spreads of Irish and Italian bonds giving rise to anxiety towards some EU member states. Even Obama’s promise to cut business activity tax by $ 200 bln. couldn’t abate investors’ fears of taking risks.
Статьи, помеченные тэгом ‘Taiwan’
By the end of the trading session, the MSCI Asia Pacific index grew by 1.47% to 756.82 points. Japan’s Nikkei 225 saw growth by 2.05% to 9301.32 points. China’s Shanghai Composite increased by 1.54%, while Taiwan’s Taiex went up by 0.78%. South Corea’s Kospi gained 0.70%. India’s Sensex grew by 1.86%.
The U.S. investment company Carlyle Group has agreed to sell Taiwan’s largest cable operator Kbro for T $ 40 billion ($ 1.25 billion).
Bidding at the U.S. stock market on Tuesday, June 15, held in a positive manner. The optimism of investors supported by published data on the growth of industrial activity in the U.S. in June this year. The index of business activity was slightly less than economists had expected, but its growth has continued up to the eleventh month in a row, that can not but rejoice.
Just a timid guy… Timothy Geithner (U.S. Treasury Secretary) is known as a rather timid and indecisive accuser. But the upcoming election for Congress and the Democratic Party ordered him to act – to try to criticize China over alleged unfair methods of export subsidies by an undervalued yuan. Geithner did its job in a spirit of intellectual timidity, trying to persuade China, as infants are forced to eat porridge.
Swiss business-school IMD has published its annual rate of competitive countries of the world. According to their researches, the most competitive countries today are Hong Kong and Singapore. It is an unexpected statistics, isn’t it?