Alexa

Taiwan News Morning Headlines - October 25

FILE - In this Feb. 2, 2013, file photo, a smartphone display shows the Twitter logo in Berlin, Germany, Twitter unsealed the documents Thursday, Oct....

FILE - In this Feb. 2, 2013, file photo, a smartphone display shows the Twitter logo in Berlin, Germany, Twitter unsealed the documents Thursday, Oct....

TAIPEI (Taiwan News) – Market & Commodity ■ Taiwan stock market (TAIEX) opened lower at 8,380 points, down 33 points, or 0.4%, on turnover of NT$ 1.7 billion. ■ Strong earnings and encouraging economic news from China brightened the mood on Wall Street Thursday. The Dow industrials jumped 96 points or 0.6% to 15,509. The S&P rose 0.3% to 1,752. The Nasdaq climbed 0.6% to 3,928. ■ Also boosted by China's factory data, oil for December delivery gained 25 cents to close at $97.11 a barrel in New York. It's still down 3.7 percent this week on concerns about large U.S. supplies of oil. ■ Gold for December delivery rose $16.3 to $1,350.3 an ounce. Silver, platinum and palladium also rose but copper fell. World Business News ■ Twitter has set a price range of $17 to $20 per share for its much-anticipated initial public offering and says it could raise as much as $1.6 billion. Twitter Inc. said in a regulatory filing Thursday that it is putting forth 70 million shares in the offering. (AP) ■ Amazon.com says that its fiscal third-quarter loss narrowed as revenue grew 24 percent. The Seattle-based online retailer also said Thursday that it expects growth in its fourth-quarter revenue, indicating confidence as it enters the key holiday shopping season. (AP) ■ The U.S. FDA is recommending new restrictions on prescription medicines containing hydrocodone, the highly addictive painkiller that has grown into the most widely prescribed drug in the U.S. In a major policy shift, the agency said in an online statement that hydrocodone-containing drugs should be subject to the same restrictions as other narcotic drugs like oxycodone and morphine. (AP) Local News ■ All 20 edible oil products from seven companies carrying a Good Manufacturing Practice label were 100 percent pure as advertised, the Ministry of Economic Affairs said after tests Thursday. (Taiwan News) ■ Officials of Full Flavor Foods have abandoned their claim that the company exported all of the cottonseed oil that it produced in its Changhua facilities, saying that the oil was added to at least two dozen of its food products. (Taiwan News) ■ The Taiwan branch of Samsung Electronics Co. was fined NT$10 million Thursday by Taiwan's Fair Trade Commission (FTC) for using an advertising campaign that gave misleading impressions about consumers' views on Samsung and its rivals, including HTC Corp., on local online forums. (CNA) ■ Three cottonseed oil products that were tested for gossypol have been found to be free of the toxic substance, health authorities said Wednesday. The tests were carried out on edible oils made by two local companies that have been involved in a recent food scandal. (CNA) ■ Leading computer vendor Asustek Computer Inc. said Thursday that it has already corrected an internal oversight that led to certain products being labeled as energy-efficient without having first undergone government certification. (CNA) ■ Taiwan is hoping to sign a working holiday agreement with Hungary by the end of this year, a foreign affairs official said Thursday, adding that Taiwan is making efforts to sign similar pacts with other European countries. (CNA) ■ The cross-strait agreement in goods had been expected to be signed by both sides by the end of this year, but, according to a local media interview, officials of China's Taiwan Affairs Office have grown increasingly pessimistic about the schedule due to the extended deliberations holding up approval of the cross-strait agreement on services in Taiwan's Legislative Yuan. (Taiwan News)


Updated : 2021-02-27 07:03 GMT+08:00