• 01/31/2025

U.S. dollar higher in Taipei trading

Taipei, April 10 (CNA) The U.S. dollar was traded at NT$30.468 at 10 a.m. Monday on the Taipei Foreign Exchange, up NT$0.022 from the previous close. https://focustaiwan.tw/business/202304100004

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Will US-China rivalry undermine Indonesia’s EV battery hub dreams amid tussle over green subsidies?

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Nickel is a key component in producing EV batteries, but Chinese companies hold a dominant position in Indonesia’s nickel sector – making products sourced from the country ineligible for tax credits under the US…

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Taiwan headline news

Taipei, April 10 (CNA) The lead stories in major Taiwan dailies on Monday are as follows: https://focustaiwan.tw/society/202304100003

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Pakistan declares anti-terror plan following terrorist commander’s arrest

Jerusalem Post The plan was announced at the National Security Committee’s meeting in Islamabad on Friday, which was chaired by Prime Minister Shehbaz Sharif. https://www.jpost.com/middle-east/article-738838

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The Real-World Costs of the Digital Race for Bitcoin

New York Times Bitcoin mines cash in on electricity — by devouring it, selling it, even turning it off — and they cause immense pollution. In many cases, the public pays a price. https://www.nytimes.com/2023/04/09/business/bitcoin-mining-electricity-pollution.html

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Most Asian Currencies Weaken on Rising Bets for Fed Rate Hike

Wall Street Journal Most Asian currencies weakened against USD in the morning session amid rising bets for a 25bp rate increase at the FOMC’s May meeting, which could boost the appeal of U.S. fixed-income assets and thereby the greenback. https://www.wsj.com/articles/most-asian-currencies-weaken-on-rising-bets-for-fed-rate-hike-eef3cbe4

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Eight People Missing in Marseille After Building Collapses

New York Times The five-story building, near the French city’s old port, collapsed after an explosion whose cause was not immediately clear. https://www.nytimes.com/2023/04/09/world/europe/marseille-building-collapse-france.html

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Australian fisherman pokes crocodile in the eyes to escape attack

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. The 44-year-old was spearfishing in northern Queensland when he was attacked by the 4.6-metre long reptile, bitten three times and dragged ‘to the bottom’. https://www.scmp.com/news/asia/australasia/article/3216504/australian-fisherman-pokes-crocodile-eyes-escape-attack?utm_source=rss_feed

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Leak of ‘highly classified material’ is being assessed by interagency team, Pentagon says

Fox News The Pentagon said on Sunday that an interagency task force is assessing the validity and impacts of “sensitive and highly classified material” that was leaked on various social media sites this week.  “Over the weekend, U.S. officials have engaged with Allies and partners and have informed relevant congressional committees of jurisdiction about the…

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Taiwan shares open higher

Taipei, April 10 (CNA) The Taiwan Stock Exchange’s main index opened up 14.44 points at 15,850.94 Monday on turnover of NT$2.09 billion (US$68.64 million). https://focustaiwan.tw/business/202304100002

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