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Taiwan News Morning Briefing – April 20

TriStar Pictures has slated Taiwan-born director Ang Lee's wartime drama "Billy Lynn's Long Halftime Walk" for release on Veterans Day, Nov. 11, 2016....

TriStar Pictures has slated Taiwan-born director Ang Lee's wartime drama "Billy Lynn's Long Halftime Walk" for release on Veterans Day, Nov. 11, 2016....

Market & Commodity ■ The Taiwan Stock Exchange (TWSE) main index opened 27.55 points lower to 9,543.38 on Monday, with turnover reaching NT$2.13 billion. (Taiwan News) ■ News that negotiations between Greece and its international lenders are making little progress sent European stock markets down sharply, and the selling spread across the Atlantic. By the close of U.S. trading, stocks across industries were lower, with four of five stocks down. Investors shifted money into German government bonds, a perceived haven in troubled times. Major U.S. stock indexes closed the day with relatively modest losses. The Standard & Poor's 500 index lost 23.81 points, or 1.1 percent, to 2,081.18. The Nasdaq composite fell 75.98 points, or 1.5 percent, to 4,931.81. The Dow ended down 279.47 to 17,826.30, a drop of 1.5 percent. (AP) World News ■ World finance officials said Saturday they see a number of threats on the horizon for a global economy still clawing back from the deepest recession in seven decades, and a potential Greek debt default presents the most immediate risk. (AP) ■ China's Central Bank said Sunday that it will cut its bank reserve requirement ratio by 1 percentage point to stimulate more lending into a slowing economy. (AP) ■ A smuggler's boat crammed with hundreds of people overturned off Libya's coast as rescuers approached, causing what could be the Mediterranean's deadliest known migrant tragedy and intensifying pressure on the European Union Sunday to finally meet demands for decisive action. (AP) ■ Google is about to change the way its influential search engine recommends websites on smartphones in a shift that's expected to sway where millions of people shop, eat and find information. (AP) ■ Australia arrests 5 teenagers on charges of plotting IS-inspired terror attack on Veterans' Day next week. (AP) Local News ■ The ruling Kuomintang (KMT) will start the nomination process to select a presidential candidate on Monday, though KMT Chairman Eric Chu said on Friday he would not be seeking the nomination. Legislative Speaker Wang Jin-pyng said Saturday he would announce by May 16 if he had any plans for a presidential candidacy. (Taiwan News) ■ After confirming he would not run for president in next January’s election, Kuomintang Chairman Eric Liluan Chu promised Saturday that he would make a clear statement about the ruling party’s presidential nomination on May 16. (Taiwan News) ■ Taipei Mayor Ko Wen-je said Sunday morning that while he hopes to avoid having to stage a ‘showdown’ with FarGlory over the Big Egg dome project, the city has made its position clear on the situation and he hopes that the impasse can be resolved ‘within a month or so’. (Taiwan News) ■ Cloud Gate inaugurated its new home complex, Cloud Gate Theater, on Sunday, April 19. Cloud Gate rebuilt a new complex of elegant design and postmodernism in Tamsui after a fire devastated its studio in Bali Township of what was then Taipei County in 2008. (Taiwan News) ■ An Indigenous Defense Fighter jet was forced to land at Makung in Penghu after an engine problem was suspected, the military said Saturday. (Taiwan News) ■ Democratic Progressive Party Chairwoman Tsai Ing-wen on Saturday called for a brave reformist government team to take office. (Taiwan News) ■ Billed as an injection of new blood for the Kuomintang, Chiang Wan-an will be advancing to the second round of the ruling party's primary for next year's legislative elections, as poll results published Sunday showed that his incumbent rival, outspoken lawmaker Lo Shu-lei, had failed to secure a lead of over 5 percent. (CNA)


Updated : 2021-09-23 06:05 GMT+08:00