-- The Taiwan dollar is on the verge of overtaking the yuan as Asia’s best carry-trade target given its lower risk of interest-rate and currency volatility. Taiwan’s currency may soon replace its mainland peer as the region’s favored carry trade tool, analysts say, citing Beijing’s efforts to support the yuan that can create wild swings in borrowing costs. “The Taiwan …
Solomon Islands sixth country to cut ties with Taiwan since 2016 election of Tsai Ing-wen, as China raises pressure. Taiwan accused China of “dollar diplomacy” and trying to influence the island’s forthcoming presidential and legislative elections after the Solomon Islands cut off ties with Taipei, the sixth country to do so since Tsai Ing-wen became president of Taiwan in 2016. …
