World Business

Taipei—Taiwan’s nominal gross domestic product expanded year-on-year in the first quarter of 2015 by 3.46 percent, slightly lower than the official projection made in February, the island’s statistics agency said.

Hong kong—The Hong Kong Special Administrative Region (SAR) government welcomed a cap on trips to Hong Kong by residents of neighboring Shenzhen city and vowed to continue curbing cross-boarder parallel trading.

India’s ministry of finance has decided against imposing safeguard duties on cold-rolled flat stainless-steel products imported from viet nam and some other countries, according to the viet nam competition authority.

Brussels—The European Union committed 2 billion euros ($2.15 billion) to help Athens deal with what even EU leaders now call the “humanitarian crisis” hitting Greeks in the wake of the financial crisis that left the nation on the brink of bankruptcy.

Beijing — China announced a lower economic growth target for this year and promised to open more industries to foreign investors as it tries to make its slowing, state-dominated economy more productive.