Global and China News

Biden, NY governor lift lid on plans to overhaul 'third world' LaGuardia

(Wed, 29 Jul 2015 00:15:00 +0800)

(ChinaPost.com.tw) - A year after comparing New York's LaGuardia Airport to “some Third World Country,” U.S. Vice President Joe Biden helped unveil an ambitious plan Monday to rebuild its collection of aging terminals into a modern, unified hub while easing congestion by doubling the space available for planes to operate.

Entrepreneur visas will open to foreign nationals on July 31

(Wed, 29 Jul 2015 00:15:00 +0800)

(ChinaPost.com.tw) - A special resident visa for foreign national entrepreneurs who wish to start a business in Taiwan will soon be open for application, the Ministry of Foreign Affairs (MOFA) announced yesterday.

Gov't think tank appeals for more women in workforce

(Wed, 29 Jul 2015 00:15:00 +0800)

(ChinaPost.com.tw) - The Science and Technology Policy Research and Information Center (STPI) yesterday released a report urging government policies that incorporate women into the workforce ahead of a labor shortage.

Taiwan still in talks with Indonesia, Philippines on wages

(Wed, 29 Jul 2015 00:15:00 +0800)

(ChinaPost.com.tw) - Taiwan is still negotiating with Indonesia and the Philippines on their "unilateral" decisions made earlier this month to raise wages for domestic helpers in Taiwan, the Ministry of Foreign Affairs said Tuesday.

Increases by high-tech firms help local stock market regain ground

(Wed, 29 Jul 2015 00:15:00 +0800)

(ChinaPost.com.tw) - Shares in Taiwan staged a mild technical rebound Tuesday as gains posted by select high-tech stocks helped the broader market climb out of a 2.4 percent plunge seen a session earlier, dealers said.

AU Optronics net profit falls 16 percent in Q2 as slow season takes hold

(Wed, 29 Jul 2015 00:15:00 +0800)

(ChinaPost.com.tw) - AU Optronics Corp. (AUO, 友達), one of Taiwan's leading flat panel makers, said Tuesday that its net profit for the second quarter fell 16 percent from the previous quarter, due to slow-season effects for the quarter that dragged down product prices.

Welfare group protests against relaxed foreign hiring rule for disabled elderly

(Wed, 29 Jul 2015 00:15:00 +0800)

(ChinaPost.com.tw) - The Universal Care Policy Alliance (UCPA, 普及照顧政策聯盟), a social welfare group, yesterday protested a new government policy that will allow slightly disabled people aged 85 and older to hire foreign caretakers.

Asian markets sink as Shanghai keeps tumbling

(Wed, 29 Jul 2015 00:15:00 +0800)

(ChinaPost.com.tw) - Asian markets mostly fell again Tuesday, with Shanghai seeing another round of wild volatility a day after its heaviest one-day loss in more than eight years.

VW takes Toyota's biggest automaker title

(Wed, 29 Jul 2015 00:15:00 +0800)

(ChinaPost.com.tw) - Toyota has fallen behind Volkswagen in the race for the world's biggest automaker title, figures showed Tuesday, as the German giant outsold its Japanese rival in the first half of the year.

Oil prices end trading day down in Asia

(Wed, 29 Jul 2015 00:15:00 +0800)

(ChinaPost.com.tw) - Oil prices fell further in Asia Tuesday after a plunge in Chinese stocks jolted global markets and added to fears about an oversupply of the commodity.

US dollar under pressure on China concerns

(Wed, 29 Jul 2015 00:15:00 +0800)

(ChinaPost.com.tw) - The U.S. dollar recovered slightly against the yen Tuesday, although gains were limited as investors remain on edge after a sharp plunge in Chinese stock markets hit risk sentiment.

Kuwait urges Saudi to resume output at disputed oil field

(Wed, 29 Jul 2015 00:15:00 +0800)

(ChinaPost.com.tw) - Kuwait has called on Saudi Arabia to resume production at a disputed border oil field, saying its neighbor will be held responsible for revenue losses, reports said Tuesday.