Taiwan received foreign direct investment worth $8.5 billion during the first eight months of this year, nearly four times as much as over the same period last year. Even if $3.8 billion invested by Philips are excluded, the country’s growth rate still more than doubled.
Brazilian investment fund Hedging-Griffo has acquired 21 million shares in steel tube maker TenarisConfab, the firm told São Paulo's Bovespa stock exchange. Hedging-Griffo now has a 6.08% stake in Confab, which also operates in Argentina, Mexico and Venezuela.
The Monetary Council of the National Bank of Serbia decided to retain kepe its benchmark two-week repo interest rate at 18%. The Bank formally began targeting core inflation last September
South Korea's unemployment declined 0.2% from a year ago to 3.4% during August. The number of unemployed Taiwanese declined by 35,000 to 807,000 in the same period. On an annualised basis Taiwan’s economy generated 316,000 jobs, missing the government’s target 350,000 to 400,000 jobs.