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Taiwan News Morning Briefing – July 23
Taiwan News
2014-07-23 09:56 AM
Market & Commodity

Taiwan trading closed Wednesday due to typhoon.

■ U.S. stocks closed higher Tuesday as more companies turn in solid earnings. The Standard & Poor's 500 index rose nine points, or 0.5 percent, to close at 1,983. That's two points below the record close the index reached on July 3. The Dow Jones industrial average gained 61 points, or 0.4 percent, to 17,113. The Nasdaq composite rose 31 points, or 0.7 percent, to 4,456. Bond prices were flat. The yield on the 10-year Treasury note held steady at 2.47 percent.(AP)

World News

■ The remains of the victims of the Malaysia Airlines crash arrive in territory held by the Ukrainian government on their way to the Netherlands, after delays and haphazard treatment of the bodies that put pressure on European foreign ministers meeting in Brussels to impose tougher economic sanctions on Russia. (AP)

■ Protesters march on the Russian Embassy in Kuala Lumpur, waving placards and demanding justice for victims of the Malaysia Airlines flight that was shot down over Ukraine last week. (AP)

■ Jakarta Gov. Joko Widodo, who captured the hearts of millions of Indonesians with his common man image, won the country's presidential election with 53 percent of the vote, final results show. (AP)

■ A suspect meat scandal in China engulfs Starbucks and Burger King and spreads to Japan, where McDonald's says the Chinese supplier accused of selling expired beef and chicken had provided 20 percent of the meat for its chicken nuggets. (AP)

■ South Korean police say a badly decomposed body found surrounded by liquor bottles in a field last month was that of a fugitive billionaire businessman blamed for April's ferry disaster that killed more than 300 people. (AP)

■ An Israeli soldier is missing following a deadly battle in the Gaza Strip, a defense official says as Israeli airstrikes pummeled a wide range of targets in the coastal strip and diplomatic efforts intensified to end more than two weeks of fighting that has killed at least 585 Palestinians and 29 Israelis. (AP)

Local News

■ Real wages early this year stayed below the level first reached 16 years ago when inflation was taken into account, reports said Tuesday. The Cabinet’s Directorate-General of Budget, Accounting and Statistics announced Tuesday that the average wage for employees in the industrial and service sector between January and May of this year stood at NT$51,906 (US$1,730). Taking inflation into account, the real figure amounted to NT$50,219 (US$1,674), lower than the NT$50,553 (US$1,685) reached in 1998, reports said. (Taiwan News)

■ Taipei City mayoral candidates Ko Wen-je and Neil Peng visited the Legislative Yuan today to demand the right for independent candidates to send supervisors to monitor the counting of election ballots. At present, Article 59 of the Election and Recall Act only allows political parties to send monitors on election day.(Taiwan News)

■ Former National Immigration Agency Director-General Hsieh Li-kung was most likely to run for mayor of Keelung for the Kuomintang, reports said Tuesday.(Taiwan News)

■ A Japanese man hospitalized in Taiwan in a coma for two weeks boarded an emergency medical charter plane to return home Tuesday, paid for with donations from Taiwanese benefactors. (CNA)

■ Former Vice President Vincent Siew proposed Tuesday that Taiwan and China should establish "cooperative free trade zones" to avoid "zero-sum" competition in trade and economics. (CNA)

■ Typhoon Matmo was expected to cross Taiwan from east to west as schools and offices in most of the country were forced to shut down Wednesday. (Taiwan News)

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