| Australia's Emergent to form JV with Chinese firm | |
Australia-based Emergent Resources announced on Friday it would form a joint venture with China Metallurgical Investment to develop its Beyondie Iron project in Western Australia, the Australian...
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| Taiwan dollar is little changed following drop |
Taiwan's dollar was little changed after Thursday sliding the most in a month on speculation the central bank intervened to prevent gains from hurting...
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| Japan may add noise to quiet hybrid cars for safety |
TOKYO -- Japan's near-silent hybrid cars have been called dangerous by the vision-impaired and some users, prompting a government review on whether to add a noise-making device, an official said...
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| Troubled Wall Street faces critical earnings season |
NEW YORK -- Wall Street's hopes for a rapid recovery from recession, muddled by disappointing U.S. labor market data, faces a new test in the coming week with the looming corporate earnings...
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| 'Flower Fusion' show in Taipei going on |
TAIPEI, Taiwan -- A Taiwanese-Canadian impressionist artist showcases her work in Taipei at the Far Eastern Plaza Hotel from July 1 to 31. The exhibition will kick off with a reception this afternoon...
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| SEF official to visit Northern China, seek investment |
TAIPEI, Taiwan -- A Taiwan official from a semi-official agency in charge of cross-Taiwan Strait exchanges is scheduled to visit regions adjacent to the Bohai Sea in northern China from July 5-11 to...
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| PVM oil brokerage loses US$10 mil. on rogue trades |
LONDON -- PVM Oil Associates, the world's biggest over-the-counter oil brokerage, says it lost nearly US$10 million this week because of unauthorized trades that caused a temporary spike in Brent...
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| TAIEX closes down slightly; banking shares |
Most financial shares rose due to a report by China Times that China will open 20 percent of its credit card market to Taiwan. “Foreign banks current account for 32 percent of China's credit card...
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| Gordon Ramsay's restaurants see profits gobbled up |
LONDON -- Michelin-starred British chef and TV personality Gordon Ramsay's restaurants in Britain suffered a 90-percent drop in profits as the recession began to bite, it was revealed Thursday....
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| MSCI world extends third straight weekly decline |
NEW YORK -- Stocks fell in Europe and Asia, extending the MSCI World Index's longest weekly losing streak since March, as lower commodity prices dragged down raw-material producers. U.S. markets were...
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| Three more U.S. banks fail as FDIC mulls rules for sales |
WASHINGTON -- Three Illinois banks were shuttered Thursday as government regulators proposed new rules for private equity firms seeking to take over failed banks. Regulators shut down John Warner...
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| U.S. begins antitrust probe of Google's book scanning |
The Department of Justice on Thursday said that it has launched a formal antitrust investigation into the proposed settlement over the Google Inc. project to scan millions of books into a digital...
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| U.S. credit card issuers slammed for raising rates ahead of new law |
WASHINGTON -- Credit card companies are raising interest rates and fees seven months before new rules go into effect that will limit their ability to do so, much to the irritation of Congress and...
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| Global health fund facing US$3 billion aid shortfall |
GENEVA -- The Global Fund to Fight AIDS, Tuberculosis and Malaria is facing a budget hole of about US$3 billion as the recession dries up foreign aid, the Geneva-based funding body said on...
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| AxunTek to upgrade solar cell production |
TAIPEI, Taiwan -- AxunTek Solar Energy, the first company in Taiwan to have developed cutting-edge CIGS thin-film technology for green energy, is set to upgrade and expand its production of CIGS...
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| Real estate sales in China up, prices soar |
On Monday, for instance, a land parcel along Beijing's Guangqu Road was auctioned off for more than 4 billion yuan (US$585 million) after fierce bidding among major developers from the mainland and...
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| Indonesia cuts key rate by 25 basis points |
JAKARTA -- Indonesia's central bank cut its benchmark interest rate by 25 basis points to 6.75 percent Friday in a bid to stimulate the economy as inflationary pressures...
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| Prices hike for gasoline, diesel oil, liquefied petroleum gas |
TAIPEI, Taiwan -- CPC Corp., Taiwan, a state-run oil concern, yesterday announced it will raise its domestic sales prices for gasoline and diesel oil products by NT$0.3 and NT$0.6 per liter,...
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| President Ma expects speedy conclusion to beef talks with U.S. |
PANAMA CITY -- President Ma Ying-jeou said in Panama Thursday that he looks forward to an early agreement with the United States on beef imports to...
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| Dollar climbs against euro on new U.S. worries |
LONDON/TOKYO -- The U.S. dollar edged up Friday against the euro as fresh worries about the health of the U.S. economy supported the “safe-haven” greenback, dealers...
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| FTTx network services on Alishan to be available Jul. 8 |
TAIPEI, Taiwan -- Chunghwa Telecom will officially kick off its new FTTx network services to residents on the Alishan (Mt.Ali) in the southern county of Chiayi on July 8, as it has completed...
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| Chinese airline set to open local branch after submitting documents |
TAIPEI, Taiwan -- Guangzhou-based China Southern Airlines is likely to become China's first carrier to open a branch in Taiwan after it submitted Friday three copies of a document necessary for...
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| Plan to allow foreign firms to be listed in China gathers steam as FDI dips |
With the goal of building Shanghai into a world-class financial hub, the central government is showing renewed interest in inviting foreign-funded firms to be listed in the...
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| National park invites volunteers to help with butterfly census |
TAIPEI, Taiwan -- Yangmingshan National Park in Taipei City's northern suburbs has solicited volunteers to help with a census to find out the demographic changes of the butterflies found in the...
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| Naturalization still too long for Chinese spouses |
TAIPEI, Taiwan -- The waiting period for Chinese spouses of Taiwanese citizens to be naturalized remains too long, even after the Legislature passed an amendment last month to shorten the wait,...
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| Moody's cuts Aaa rating on Irish gov't bonds |
LONDON -- International credit rating agency Moody's on Thursday downgraded the “Aaa” rating on Irish government bonds, citing a costly banking-sector bailout and stretched public finances....
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| Local company vies to become Taiwan's sole flu vaccine supplier |
TAIPEI, Taiwan -- Local biopharmaceutical firm Adimmune Corp. made public yesterday its intention to become the only supplier in Taiwan of a human vaccine against A(H1N1), a new influenza strain that...
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| A powerful flaw with the latest iPhone 3GS's battery |
Buyers are finding that the phone, introduced two weeks ago, has trouble making it through a work day without a rest stop at the electrical outlet. It's proving to be something of an Achilles' heel...
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| Manhattan apartment prices drop as Lehman hits home |
NEW YORK -- Manhattan apartment prices dropped for the first time since 2002 in the second quarter as the collapse of Lehman Brothers Holdings Inc. and Bear Stearns Cos. caught up to property owners...
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| GM awaits ruling on assets sale plan |
NEW YORK -- General Motors Corp. may have to wait out the long Independence Day holiday weekend to learn if its bankruptcy plan is moving forward, after U.S. Judge Robert Gerber adjourned a three-day...
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| Combined worth of 40 richest shrinks in 2009 |
New York -- Taiwan's 40 richest individuals or families in 2009 — topped by Cathay Financial Holdings' Tsai brothers — are worth a combined US$55 billion, down from US$77 billion a year ago amid...
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| Student performers in Kaohsiung prepare for World Games |
KAOHSIUNG, Taiwan -- Six teams of performers that will be cheering for six countries and areas in the upcoming World Games gave a preview of their presentations at a press conference in Kaohsiung...
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| Brokers timid on next Chinese bull run |
Although the Chinese stock market has breached the 3,000-point barrier after a six-month bull run, analysts and investors are cautious since they see the rally as being led largely by big-cap stocks...
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| Oil hovers above US$66 after weak European jobs data |
LONDON -- Oil prices hovered above US$66 a barrel Friday in light holiday trading a day after grim unemployment numbers from the U.S. and Europe sent prices...
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| China's electricity output picks up in June as industry, heat gear up |
BEIJING -- China's power output rose for the first time in eight months in June, as demand was boosted by an unusually hot summer and a tentative economic recovery, state media said...
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| Student expresses wish to take orphans to the moon in English test essay |
TAIPEI, Taiwan -- Inviting orphans for a space trip to the moon is one wild dream attempted by a compassionate senior high school graduate taking the English-language test in this year's college...
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| Excuse daughter for rage, says ex-leader Chen to media |
TAIPEI, Taiwan -- Former President Chen Shui-bian is asking the local media to show “mercy” to his daughter, who in a fit of rage chased after and tried to beat reporters mobbing her for comments...
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| FTC to investigate Dell's mispricing practice |
TAIPEI, Taiwan -- The Cabinet-level Fair Trade Commission (FTC) will move to investigate a major trading dispute resulting from a pricing mistake by Dell Inc. to see if the computer giant's...
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| Nine possible buyers for Nan Shan Life including |
The new owner of Nan Shan Life Insurance Co., the Taiwan business unit of the financially troubled AIG, should focus on sustainable growth and look after the rights of employees and clients, said the...
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| China agrees to proportional cross-strait financial-market opening |
China will accept the principle of proportional arrangement for cross-Taiwan Strait financial-market opening, said Liu Minkang, chairman of China Banking Regulatory Commission (CBRC), on Thursday. In...
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| President rules out flights across Taiwan Strait meridian |
Panama City, July 2 (CNA) President Ma Ying-jeou said in Panama Thursday that his government will not consider opening direct flights across the center line of the Taiwan Strait due to national...
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| Health department urged to prohibit export of genetic data |
Democratic Progressive Party (DPP) Legislator Huang Sue-ying (黃淑英) urged the Department of Health (DOH) on Thursday to ban international pharmaceutical companies from exporting genetic data...
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| Record number of Taiwanese win European Commission scholarships |
Taipei, July 3 (CNA) Taiwan has seen a substantial year-on-year growth in the number of winners of the European Commission's Erasmus Mundus scholarship program, setting a record for the 2009-2010...
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| * TSU rejects opening to Chinese capital |
The Taiwan Solidarity Union said Chinese state-run firms would invest in Taiwanese industry to steal advanced technology and take it back to...
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| * More than a thousand teams enter Taiwan contest |
STAFF WRITER, WITH CNA Saturday, Jul 04, 2009, Page 1 A total of 1,123 teams from 44 countries and areas around the world have registered to take part in a contest to design the best itinerary for...
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| * Tibet exhibition opens in Taipei |
The exhibition at National Taiwan Democracy Memorial Hall features more than 400 photographs, more than 20 documentaries and many rare...
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| * DPP says policy on PRC tourists a failure |
STAFF REPORTER Saturday, Jul 04, 2009, Page 1 The Democratic Progressive Party (DPP) yesterday said that despite government claims that opening the country to Chinese tourists would benefit the...
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| * Central government vows restraint in plans of expansion |
STAFF REPORTER Saturday, Jul 04, 2009, Page 3 The central government will refrain from increasing the size of local governments to the extent that it would compromise the principle of streamlining...
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| * Crash survivor reunited with father |
Bahia Bakari, 12, right, rests on Thursday as she is brought back to France on a French government plane in this picture made a from video broadcast. She is believed to be the only survivor of the...
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| * Missile assault kills 17, wounds 27 in Pakistan |
AP, ISLAMABAD Saturday, Jul 04, 2009, Page 5 US missiles struck a training facility operated by Pakistani Taliban leader Baitullah Mehsud and a militant hide-out yesterday, killing 17 people and...
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