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Taiwan June export order growth fastest in 1-1/2 years on strong tech sales TAIPEI: Taiwan's export orders in June grew at their fastest pace in 1-1/2 years, beating expectations, as its manufacturers rushed to fill orders for new smartphones from Apple Inc and others.The island's technology sector is gearing up to ship new products, including the much-anticipated iPhone 6 and new iPads, that are expected to hit shelves this fall, raising prospects for its suppliers and assemblers.Taiwan is one of the world's leading exporters of electronic goods and boasts a number of suppliers for foreign hardware heavyweights such as Apple Inc.But it is subject to the boom-bust cycles of the tech sector and faces intensifying competition from regional rivals in South Korea and China.Export orders in June grew 10.6 percent from a year earlier, the Ministry of Economic Affairs said on Monday, and much better than a median forecast of 6.98 percent in a Reuters poll.The ministry said, discounting distortions from the Lunar ...

Bundesbank sees German economy stagnating in second quarter FRANKFURT: The German economy probably stagnated in the second quarter as industry shifted down a gear in the face of geopolitical concerns, the Bundesbank said in its monthly report on Monday.The loss of momentum in Germany, Europe's biggest economy, will concern policymakers who are watching for any impact on the bloc from the Ukraine crisis and Israel's ground offensive in Gaza.German construction activity in April and May was below that seen in the mild winter ...
Mobile demand helps lift Taiwan exports 10.6pc in June TAIPEI: Taiwan's export orders in June rose 10.6 percent year-on-year to a 17-month high, largely boosted by continuing strong demand for electronic products, the government said Monday.Export orders totalled $38.82 billion in June after the highest on-year increase since 17.9 percent growth posted in January 2013, and were also up 2.1 percent from the previous month, the ministry of economic affairs said in a statement.Orders for electronic items surged 17.0 percent on-year to $9.79 billion ...
Singapore June inflation seen easing from 14-month high SINGAPORE: Singapore's inflation in June probably eased from a 14-month high in May, a Reuters poll showed on Monday, as the cost of vehicle ownership has declined in recent months.The consumer price index (CPI) in June probably rose 2.4 percent from a year earlier, according to the median forecast in a Reuters survey of 11 economists. In May, CPI rose 2.7 percent, the biggest increase since March 2013.The government auctions permits to control the quota ...
Thailand to reclaim top rice exporter spot BANGKOK: Thailand is set to reclaim its status as the world's top rice exporter as weak monsoon rains curb India's crop, helping the Southeast Asian country's new military government offload bulging stockpiles. Fewer Indian exports would allow Bangkok to win better prices for the grain that it has been selling at a huge discount, curbing losses on the stocks built up under a costly state intervention scheme. "It is a good opportunity for Thailand to ...
MH17 crash clouds over G20 trade summit SYDNEY: Trade ministers from the world's leading economies met in Sydney Saturday for the latest round of G20 talks, with the crash of Malaysia Airlines Flight MH17 threatening to overshadow the summit.G20 chair Australia has sought to keep the meeting focused on economic growth, but Thursday's disaster in rebel-held territory in eastern Ukraine put the spotlight on Russia and its possible links to the separatists.Australia's Trade Minister Andrew Robb said he met his Russian counterpart ...
IMF sees Ukraine's economy shrinking faster than feared KIEV: The International Monetary Fund warned Friday that the pro-Russia uprising engulfing Ukraine's vital industrial east had dealt a "notable" blow that would shrink its economy faster than feared.The Fund said in its latest review of Kiev's compliance with terms of a $17.0-billion (12.6-billion-euro) rescue that Ukraine faced new headwinds that were not envisioned when the programme was unveiled in early May.It said this year's growth would probably contract by 6.5 rather the 5.0 percent ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln