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Saturday, August 9, 2014
Kerry aims to calm South China Sea tensions
U.S. Secretary of State John Kerry is in Myanmar seeking to calm tensions in the South China Sea between China and its smaller neighbors.
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US stocks buck turmoil weighing on global markets
A burst of buying Friday in U.S. stocks defied slumps in other markets and offered hope for investors shaken by geopolitical turmoil. Major U.S. stock indexes closed up around 1 percent, buoyed by signs that tensions in Ukraine might be easing.
Taiwan -- LCY ordered to cease operations
The Kaohsiung City Government yesterday ordered LCY Chemical Corp. (李長榮化學工業) to halt all operations until its plan to boost pipeline safety is reviewed by the government.
The Executive Yuan yesterday announced that the central government will give NT$1.6 billion to the Kaohsiung City Government for reconstruction efforts in the city.
China's monthly trade surplus leaped to a record US$47.3 billion in July, nearly tripling year-on-year, official data showed Friday, as the world's second-largest economy saw export growth accelerate while imports surprisingly shrank.
 > Asia
 > China
Airstrikes undertaken as US re-engages in Iraq
U.S. fighters dropped bombs on Islamic militants in Iraq Friday, the Pentagon said, redeeming U.S. President Barack Obama's promise of military force to counter the advancing militants and confront the threat they pose to Iraqi civilians and Americans.
Friday, August 8, 2014
Obama orders action to prevent Iraq 'genocide'
President Barack Obama ordered US warplanes back into the skies over Iraq on Thursday to drop food to refugees and, if necessary, launch air strikes to halt what he said was a potential "genocide."
Two rockets fired by Gaza militants slammed into southern Israel before dawn on Friday, as a 72-hour truce appeared to be reaching an end.
Cabinet spokesman Sun Lih-chyun (孫立群) yesterday confirmed that Premier Jiang Yi-huah (江宜樺) has received Economics Minister Chang Chia-juch's (張家祝) resignation, noting that Jiang currently is trying to persuade Chang to remain at his post.
Taiwan -- Premier reluctant to accept MOEA head's resignation
Taiwan -- Chen apologizes for misinformation about pipes
Kaohsiung Mayor Chen Chu (陳菊) apologized yesterday for "horizontal miscommunication" after a local newspaper revealed that the Kaohsiung government did in fact know about the underground pipelines near the city's light rail system.
The European Central Bank (ECB) has left its benchmark interest rate unchanged at a record low of 0.15 percent as the crisis in Ukraine casts a shadow over Europe's modest economic recovery.
 > Europe
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