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On sensitive U.S. stopover, Taiwan leader connects to Twitter

Taiwan President Tsai Ing-wen, cutting a cautious strategic way on her stopovers in the United States, went by the base camp of smaller scale informing administration Twitter Inc (TWTR.N) on Saturday and reactivated an old record.

“Had an awesome visit to @Twitter HQ today. Much thanks to you to @vijaya and group for indicating us around!” read her first tweet from her old record in more than two years. Beforehand she tweeted in Chinese.

There was clashing data before about whether she was opening another English record or restoring the old one.

A source at the meeting said Tsai met with Twitter General Counsel Vijaya Gadde and that CEO and fellow benefactor Jack Dorsey was not present.

Photos of the visit posted online demonstrated the president reactivating her nearness on the informing administration and posturing before the popular photograph that slammed Twitter – 2014 Oscars have Ellen DeGeneres’ “selfie” with top Hollywood VIPs.

Tsai was coming back from seven days in length visit to Central America. In any case, it was her stopovers in the United States that raised more enthusiasm after President-elect Donald Trump said a month ago he would rethink the long-standing “one China” approach, whereby the United States recognizes the Chinese position that there is just a single China and that Taiwan is a piece of China.

He emphasized that probability in a meeting with the Wall Street Journal on Friday, seven days before his introduction. China reacted that the “one China” standard was the non-debatable political reason for China-U.S. relations.

Trump accepted a complimentary call from Tsai after his Nov. 8 triumph, starting shock from China, which trusts the Taiwanese pioneer needs to look for formal autonomy from the territory.

Tsai made a stopover in Houston on Jan. 7 and 8 preceding making a beeline for Central America and arrived Friday night in San Francisco on her way back home. She didn’t seem to have met with any agents of the Trump group amid her short U.S. remains. In any case, in Houston last Sunday, she met with Republican U.S. Representative Ted Cruz and Texas Governor Greg Abbott and started more anger in Beijing.

China had asked the United States not to permit Tsai to enter or have formal government gatherings under the one China arrangement.

Cruz was pointed in his feedback of the Chinese, saying they expected to “comprehend that in America we settle on choices about meeting with guests for ourselves.”

Beijing sees self as overseeing Taiwan a rebel area ineligible for state-to-state relations. The subject is a touchy one for China.

More than a hundred people were assembled outside the Hyatt Regency close San Francisco International Airport, some to challenge and some to bolster the president.

Tsai twisted up her outing with a lunch for 800 individuals from the Taiwanese people group before her booked takeoff for Taiwan toward the evening.

Daily Financial News

Czech Aug Industrial Production Rebounds Sharply

Czech industrial production surged in August, after falling sharply in the previous month, figures from the Czech Statistical Office showed Friday.

Industrial production expanded 13.1 percent year-over-year in August, reversing a 14.1 percent plunge in July. That was well above the 8.3 percent climb expected by economists.

On a working-day-adjusted basis, industrial production advanced 7.7 percent in August from a year ago.

Manufacturing production grew 16.6 percent, while mining and quarrying output declined by 4.6 percent.

Month-on-month, industrial production increased a seasonally adjusted 12.1 percent in August.

Separately, the statistical office revealed that construction output decreased 5.9 percent yearly in August, following a 16.3 percent slump in the prior month. Compared to July, construction output gained 0.8 percent

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Daily Financial News

New Zealand’s first Fairtrade Climate Neutral Coffee

Fairtrade have launched New Zealand’s first climate neutral coffee, which not only helps fight climate change, but also supports communities in developing countries. In partnership with Countdown, the Climate Neutral Coffee is exclusively available at Countdown as part of their Macro brand.

Fairtrade Climate Neutral Coffee means that the coffee production, from the farm right through to the supermarket shelf, has no negative impact on the climate. To achieve this, all participants in the supply chain first work to reduce their emissions and then offset the remaining emissions through the purchase of carbon credits from Fairtrade coffee farmers.

The carbon credits are generated by climate projects in Fairtrade farming communities, such as reforestation projects in Peru, the country where the coffee originates. These initiatives help Fairtrade farmers not only to combat the impact of climate change but also to earn additional income from the sale of their carbon credits.

Countdown partnered with Fairtrade Australia & New Zealand to develop the Climate Neutral Coffee exclusively for their Macro Organic range. The innovative product maintains Countdowns commitment to providing great quality products, while also helping to minimise their impacts on the environment.

James Walker, Countdown General Manager of Corporate Affairs says, “We’re pleased to extend our range of Fairtrade certified products, and be the first to launch a Climate Neutral Coffee in New Zealand.

“Demand for certified products continues to increase and this launch showcases our commitment to providing ethical and sustainable choices to our customers. The range is not only quality Arabica coffee, but it is also organic, Fairtrade certified and Climate Neutral.”

“With stores all around New Zealand, doing our bit to reduce our carbon footprint and operate sustainably is something the Countdown team is passionate about. In June this year we won the Ministry for the Environment’s Green Ribbon award in the ‘Resilience to Climate Change’ category for our work in increasing our energy efficiency and reducing our carbon emissions. We are actively working to improve how we do business to reduce the impact we have on the environment.

Molly Harriss Olson, CEO of Fairtrade New Zealand says, “We applaud Countdown for being a market leader in sustainability and are proud to partner with them on this innovative range. By choosing Fairtrade products, consumers are supporting a global system which is empowering and enabling 1.65 million farmers in 74 countries to adapt to climate change,” says Mr Walker.

“What makes Macro Fairtrade Climate Neutral Coffee truly unique is that the carbon compensation also takes place in the Fairtrade coffee supply chain. This means that Fairtrade farmers and their communities are benefitting from a fair price for their coffee as well as additional income from the carbon credits.”

All Fairtrade Carbon Credits are certified by Gold Standard, an organisation specialising in climate security and sustainable development. Gold Standard works to maximise the impact of climate and development interventions by creating robust standards for responsible management of the planet’s resources. Together Fairtrade and Gold Standard are uniquely placed to play a part in the global response to climate change

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Financial News

USD/JPY eases from highs, back to 103.80 ahead of NFP

After reaching fresh highs above the 104.00 handle on Thursday, USD/JPY has now slipped back to the 103.85/80 band.

USD/JPY attention to Payrolls

Despite the current slide, spot keeps its rally intact at the end of the week, advancing for the second consecutive week and up around 4 cents since recent lows in the 100.00 neighbourhood seen in early September.

Along with the continuation of the selling bias around the Japanese safe haven, the greenback has been gathering extra pace backed by positive results in the US calendar and rising speculations on a Fed’s rate hike at the December meeting.

Ahead in the session, US Non-farm Payrolls are expected to show the economy has added more than 170K jobs during September, while the unemployment rate is seen at 4.9%. In addition, FOMC’s S.Fischer, L.Mester and E.George are due to speak in Washington, keeping the focus on the buck.

USD/JPY levels to consider

As of writing the pair is losing 0.13% at 103.80 and a breakdown of 101.99 (55-day sma) would aim for 101.83 (20-day sma) and finally 100.07 (low Sep.22). On the other hand, the next up barrier aligns at 104.33 (high Sep.2) ahead of 107.48 (high Jul.21) and finally 108.30 (200-day sma).

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