Stocks sink, bonds soar on fears virus will stunt economy

Stocks fell sharply again on Wall Street Tuesday (Feb. 25), piling on losses a day after the market’s biggest drop in two years as fears spread that the growing virus outbreak will put the brake...

Dow drops over 1,000 as outbreak threatens global economy

The Dow Jones Industrial Average slumped more than 1,000 points Monday in the worst day for the stock market in two years as investors worry that the spread of a viral outbreak that began in China wil...

Taiwan wages war on single-use plastics

TAIPEI (Taiwan News) — Taiwan aims to cut its decades-long dependency on plastic by following the European Union (EU) and its European Green Deal (EGD), a circular economy strategy to realize su...

China suspends more penalties on US goods after trade truce

BEIJING (AP) — China on Friday suspended more punitive tariffs on imports of U.S. industrial goods in response to a truce in its trade war with Washington that threatened global economic growth. ...

Taiwan ranked No.1 fastest internet speed in world

TAIPEI (Taiwan News) — Taiwan is now ranked as having the fastest internet in the world in the "Global League" rankings created by an online website builder review platform. The Dai...

Should Taiwan establish Asia's first Green Deal?

TAIPEI (Taiwan News) — The European Union (EU) repositioned itself as a world leader on climate issues last December by announcing the European Green Deal and the goal to become climate neutral ...

Japanese economy sinks amid fears about coronavirus impact

The Japanese economy shrank at an annual pace of 6.3% last quarter as growth was battered by typhoons and crimped consumer spending. The seasonally adjusted economic data released Monday by the Cab...

No 'Plan B' for Olympics; questions over Chinese presence

TOKYO (AP) — Tokyo Olympic organizers and the International Olympic Committee said Friday there is no “Plan B” for the 2020 Games, which open in just over five months and have been j...

US manufacturing output hit by Boeing troubles, slips 0.1%

WASHINGTON (AP) — U.S. manufacturing output fell slightly in January, driven lower by Boeing's decision to halt production of its troubled 737 MAX aircraft. The Federal Reserve said...

Massive stimulus of NT$60 billion in works for Taiwan post-coronavirus

In a bid to tackle the potential impact of the COVID-19 coronavirus outbreak on the domestic economy, the Executive Yuan announced Thursday a NT$60 billion (US$2 billion) bailout plan to help hard-hit...

Greek 10-year bond yield makes historic dip below 1%

Greece's 10-year government bond yield has fallen below 1% for the first time, bolstering the country's effort to ease strict budget conditions set by bailout lenders. The yield drop...

Asian shares rise despite continuing virus fears

TOKYO (AP) — Asian shares were higher Wednesday, although the outbreak of a new virus in the region continued to weigh on investor sentiments. Japan's Nikkei 225 rose 0.7% to finish ...

US survey finds smaller decline in medical bill worries

The proportion of people in families struggling to pay medical bills is down, but the number isn't dropping like it used to, according to a big government study. In a 2018 national ...

Business Highlights

—- Price worries remain after judge OKs T-Mobile's Sprint deal NEW YORK (AP) — A federal judge has cleared a major path for T-Mobile to buy Sprint for $26.5 billion...

Powell: Economy looks resilient despite risk of China virus

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the U.S. economy appears durable with steady growth and unemployment near a half-century low but faces risks from the deadly virus in Chin...