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Taiwan News Morning Headlines - January 10
Taiwan News
2014-01-10 09:13 AM
Market & Commodity

Taiwan stock market (TAIEX) opened higher at 8,559 points, up 44.5 points, or 0.52 percent, on turnover of NT$2.53 billion.

■ Stocks are ending mostly higher on Thursday. The Standard & Poor's 500 inched up less than a point to finish at 1,838.

The Dow Jones industrial average lost 18 points, or 0.1 percent, to 16,444. The Nasdaq composite lost nine points, or 0.2 percent, to 4,156. (AP)

■ Benchmark U.S. oil for February delivery fell 67 cents to close at $91.66 on the New York Mercantile Exchange. Gold for February delivery rose on $3.90, or 0.3%, to settle at $1,229.40 an ounce. (AP)

World News

■ North Korea has rejected South Korea's proposal to resume reunions of families separated by the Korean War. (AP)

■ The chiefs of Samsung Electronics Co. and Apple Inc. will meet to discuss settling a bitter two year legal battle over designs and technologies of smartphones and tablets. (AP)

■ Iraq's government is holding off on waging an all-out offensive to retake two key cities from al-Qaida because of fears that civilian casualties could incite Sunni anger and push moderate tribal leaders to side with the extremists. (AP)

■ An Indian diplomat accused of lying about how much she paid her housekeeper was indicted Thursday on two criminal charges, though prosecutors told a judge that she had been granted diplomatic immunity and left the country earlier in the day. (AP)

Local News

■ The opposition Democratic Progressive Party said Thursday it encouraged contacts between local governments and think tanks in Taiwan and China, but a debate about the role of the Constitution had not been completed yet. (Taiwan News)

Taiwan is likely to ink one more free trade agreement (FTA) this year with a country, said Minister of Economic Affairs Chang Chia-Juch Thursday. Indonesia, India, Philippines, and Chile are rumored to be the next FTA partner country. (Taiwan News)

■ Governmental bureaucracy jumped to the first place in the issues which business leaders in AmCham member companies consider the greatest impacts on their operation in Taiwan, followed by issues of inconsistent regulatory interpretation and changes in local demand, according to the 2014 Business Climate Survey released by AmCham Taipei on Thursday. (Taiwan News)

■ On Thursday morning a group of employees and wholesalers of the Tatung Chang Chi Oil Corporation presented a petition to the Changhua County Government alleging that the company's chairman Kao Chen-li was attempting to weasel out of court-ordered payments to wholesalers who suffered losses because of Tatung's mislabeling and mixing of oil products. (Taiwan News)

■ The employees union of Chunghwa Telecom mobilized 700 people Wednesday to protest the Ministry of Transportation and Communications' appointment of Rick Tsai as chairman of Chunghwa Telecom. The protestors expressed dissatisfaction with the government's decision to bring in an outsider as well as its plans to open up the last mile of broadband communications lines to other companies. (Taiwan News)

■ A German court on Thursday dismissed a patent-infringement complaint filed by Nokia Oyj against Taiwan's HTC Corp. in relation to technology that allows users to accept calls while downloading software updates. (CNA)

■ The Navy Command Headquarters unveiled a 15-year naval force upgrade plan Thursday, under which the weapons systems of the country's major warships will all be upgraded. (CNA)

Taiwan will host the 2017 World Stage Design, an international theater design exhibition and competition, the Ministry of Culture announced Thursday. (CNA)

■ The number of births registered in Taiwan dropped to 199,113 in 2013, a decrease of 13.23 percent from a year earlier, the Ministry of the Interior said Thursday. (CNA)

Taiwan is hoping to hold a third meeting of a Taiwan-Japan fishing commission soon to address issues related to the regulation of fishing operations in their overlapping waters in the East China Sea, an official said Thursday. (CNA)

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