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Taiwan News Morning Briefing – July 21
Taiwan News
2014-07-21 10:15 AM
Market & Commodity

■ Local bourse opened higher Monday on Wall Street good performance. Taiwan stock market (TWSE) climbed 58.54 points, or 0.62 percent, to 9,459.51, with turnover reaching NT$3.57 billion.

■ Earnings gains from Google, Honeywell and other big U.S. companies drive the stock market to a higher close, wiping out much of its loss from the day before. The Dow Jones industrial average rose 123 points, or 0.7 percent, to 17,097 Friday. The Standard & Poor's 500 index rose 20 points, or 1 percent, to 1,978. The Nasdaq composite rose 68 points, or 1.6 percent, to 4,432. (AP)

World News

■ The Obama administration on Sunday turned up the heat on Russia for its support of Ukrainian separatists accused by the United States of shooting down a Malaysian passenger plane. U.S. Secretary of State John Kerry, a former prosecutor, on Sunday built a case holding Russian-supported rebels in eastern Ukraine responsible for shooting down Malaysia Airlines Flight 17, with Russia complicit in the deaths of nearly 300 passengers and crew members. (AP)

■ The leaders of France, Germany and Britain are telling Russia's Vladimir Putin to ensure that separatists in Ukraine give full access to investigators at the Malaysian plane crash site or risk the ire of Europe. French President Francois Hollande, German Chancellor Angela Merkel and British Prime Minister David Cameron agreed on Sunday to demand that Putin force separatists controlling the site to "finally allow rescuers and investigators to have free and total access to the zone." (AP)

■ An international AIDS conference opened in Australia on Sunday with a tribute to several delegates who were killed en route to the gathering when their plane was shot down over Ukraine. (AP)

Local News

Tsai Ing-wen, Chairman of the Democratic Progressive Party (DPP), said Sunday that leading the DPP is the highest honor imaginable, but it is also a very heavy responsibility. She said the current mood in the party is one of great caution, noting that it feels like the party is "treading on thin ice." (Taiwan News)

■ Yao Li-ming, the recently-appointed campaign manager for Taipei mayoral candidate Ko Wen-je, appeared in a radio interview Saturday in which he was asked why the campaign has reached out to Shih Ming-the and what role if any Shih might play in the election. Yao said that Shih has a very large body of supporters, but that does not mean “we are going to approach Mr. Shih or Mr. Whoever” to ask for endorsements in the campaign. (Taiwan News)

■ A key member of the opposition Democratic Progressive Party said Saturday he would file a new motion about relations with China at Sunday’s congress, though the meeting was expected to focus on the re-election of key committees. Delegates at the DPP congress will pick a 30-member Central Executive Committee, which in turn will select ten members for the Central Standing Committee, the group which meets almost each Wednesday to discuss political developments. (Taiwan News)

■ Cheng Chieh, the sole suspect in the May 21 knife-attack on a Taipei metro train, will be indicted Monday, the last day of a two-month detention following his arrest. Four persons were killed and 24 injured in the first deadly subway knife-attack in Taiwan history. (CNA)

■ Germany's deputy representative to Taiwan has denied local media reports that he criticized President Ma Ying-jeou's administration over energy issues at a conference last week. (CNA)

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