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Taiwan News Morning Headlines - January 9

The Taiwan Fund for Children and Families said Wednesday that its survey on 512 of its support recipients found that 27 percent of respondents activel...

The Taiwan Fund for Children and Families said Wednesday that its survey on 512 of its support recipients found that 27 percent of respondents activel...

Market & Commodity ■ Taiwan stock market (TAIEX) opened lower at 8,555 points, down 0.2 point, or 0.00 percent, on turnover of NT$2.4 billion. ■ Stocks are mixed on Wall Street as investors hold back ahead of the release of the latest news from the Federal Reserve. The Dow Jones industrial average was down 54 points, or 0.4 percent, at 16,435 in midday trading Wednesday. The Standard & Poor's 500 index was up a point, or 0.1 percent, at 1,839. The Nasdaq composite was up 17 points, 0.4 percent, at 4,170. (AP) ■ The February contract for U.S. crude fell US$1.34 to $92.33 a barrel. February gold edged down $4.10, or 0.3 percent, to $1,225.50 an ounce. (AP) World News ■ Germany's trade surplus widened in November as exports rose and imports dropped slightly, adding potential fuel to critics' concerns that the country is not spending enough to help out its struggling eurozone partners. (AP) ■ Unemployment in the eurozone appears to have stabilized as official figures showed the rate in November steady at a record 12.1 percent for the eighth month running. (AP) ■ The European Union says it is beefing up its carbon trading system to make it more expensive for utilities and other businesses to burn fossil fuels. Under the emission trading system, companies pay per ton of carbon dioxide they release into the atmosphere, with the pollution certificates traded on the market. (AP) Local News ■ Former Transportation Minister Kuo Yao-chi started her eight-year prison sentence for corruption Wednesday as supporters turned up to defend her innocence. (Taiwan News) ■ The opposition Democratic Progressive Party’s Chinese Affairs Committee was preparing to come up with a final report about a viable new China policy Thursday. (Taiwan News) ■ Three major milk producers --Uni-President, Wei Chuan, and Kuang Chuan Dairy-- lost an appeal against a total of NT$30 million (US$996,000) in fines for increasing prices simultaneously in 2011, the Taipei High Administrative Court ruled Wednesday. (Taiwan News) ■ The Ministry of Culture said Wednesday that the Chinese newspaper Sanjin City News could be fined if allegations of an illegal Taiwan edition proved true. (Taiwan News) ■ The Financial Committee of the Legislative Yuan reviewed proposed increase of sales tax on banks and financial institutions. Both Financial Supervisory Commission (FSC) Chairman Tseng Ming-chung and Minister of Finance Chang Sheng-ford expressed objection to the hike on the same day. (Taiwan News) ■ HSBC Bank (Taiwan) released its global economic outlook report Tuesday, predicting Taiwan's GDP growth, corporate earnings per share, and consumer spending are forecast to grow by 3.4 percent, 11 percent and 6.1 percent respectively in 2014. (Taiwan News) ■ An opinion poll conducted by cable news station TVBS shows that if the election for Taipei mayor were held now, New Taipei City Mayor Eric Chu would defeat Ko Wen-je, Director of the Trauma Department at NTU Hospital in Taipei. (Taiwan News) ■ U.S. President Barack Obama praised Taiwan as having a reliable record on nuclear nonproliferation as he urged Congress to approve a bilateral accord on cooperation on peaceful uses of nuclear energy. (CNA) ■ MediaTek Inc., one of Taiwan's leading integrated circuit designers, said Wednesday it had surpassed its sales goal for the fourth quarter of last year, a performance that market analysts attributed to solid demand for smartphone chips. (CNA) ■ The minister of culture accused China Wednesday of being "unilateral" and "rude" in comments she made on a proposal offered by China at a cross-Taiwan Strait media forum late last month. (CNA) ■ The Coast Guard Administration's Tainan maritime patrol on Wednesday apprehended and fined a Chinese fishing vessel for illegal trans-boundary trade of fishery products in Taiwan's territorial waters. (CNA) ■ Taiwan has maintained its status as the world's third best investment destination in the latest U.S. Business Environment Risk Intelligence (BERI) report, the Ministry of Economic Affairs (MOEA) said in a statement Wednesday. (CNA) ■ Taiwan does not recognize regulations unilaterally announced by China over territories it claims in the South China Sea, the Mainland Affairs Council (MAC) said Wednesday. (CNA)


Updated : 2021-07-29 02:20 GMT+08:00