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September, 25, 2016

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Business
China invested more money abroad last year than foreign firms piled into the country, data showed Thursday, a first for the world's second-largest economy as Beijing looks overseas as part of its drive to transform its economic growth model.
 > Taiwan
 
US grants Airbus, Boeing a chance to sell airplanes to Iran
The U.S. government granted aviation giants Airbus and Boeing permission on Wednesday to sell aircraft to Iran following last year's nuclear accord.
 
Mylan CEO defends soaring EpiPen costs
Outraged Republican and Democratic lawmakers on Wednesday grilled the head of pharmaceutical company Mylan about the significant cost increase of its life-saving EpiPens and the profits for a company with sales in excess of US$11 billion.
 
The U.S. dollar fell against the New Taiwan dollar Thursday, shedding NT$0.030 to close at NT$31.400 after the U.S. Federal Reserve left its key interest rates unchanged in a policymaking meeting concluded overnight, dealers said.
 > Taiwan
 
Oil prices climbed Thursday, building on the previous day's gains following a bigger-than-forecast fall in U.S. stockpiles, and a plunge in the dollar after the Federal Reserve kept interest rates on hold.
 
Shares in Taiwan closed little changed Thursday, as earlier gains were eroded by stiff technical resistance after the weighted index breached the 9,200-point mark, dealers said.
 > Taiwan
 
The Federal Reserve kept its benchmark interest rate unchanged for the sixth straight meeting Wednesday, saying it needs to see a bit more sign of strength in the U.S. economy.
 
New Zealand's central bank left interest rates at a record low of 2.0 percent Thursday but warned more cuts were likely.
 
South Korea's government asked Samsung Electronics to extend the refund period for its Galaxy Note 7 smartphones that have been subject to an unprecedented global recall.
 
Colonial Pipeline has restarted the gasoline pipeline in Alabama that was shut down after a major leak, which caused shortages and surging fuel prices across the South.
 
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