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September, 29, 2016

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Business
Viacom says interim CEO Tom Dooley will leave Nov. 15 and the company is cutting its dividend in half in the first major moves from the company since longtime CEO Philippe Dauman left in August.
 
The average monthly nominal wage for the first seven months of this year fell slightly in reflection of smaller bonus payouts by employers, at a time when the local economy was slowing down, according to government statistics released Thursday.
 > Taiwan
 
Telecoms equipment maker Ericsson plans to end manufacturing in Sweden with the loss of around 3,000 jobs, Swedish newspaper Svenska Dagbladet reported late Wednesday.
 
Jobless rate rises to 4.08% as new graduates enter market
Taiwan's unemployment rate stood at 4.08 percent in August, up 0.06 percentage points from the previous month and 0.18 percentage points from a year earlier, government statistics showed Thursday.
 > Taiwan
 
The approved amount of foreign investment in Taiwan doubled in the period January to August this year compared with the same period in 2015, the Investment Commission under the Ministry of Economic Affairs said Tuesday.
 > Taiwan
 
Taiwan's unemployment rate stood at 4.08 percent in August, up 0.06 percentage points from the previous month and 0.18 percentage points from a year earlier, government statistics showed Thursday.
 > Taiwan
 
Stocks rally after BOJ, before Fed
European and Asian stocks mostly rallied and the U.S. dollar surged Wednesday after Japan's central bank overhauled its stimulus program and as markets awaited the outcome of the Fed's policy meeting.
 
A former chairman of the Financial Supervisory Commission (FSC, 金管會) filed a complaint to the Control Yuan Wednesday to request a probe of Mega International Commercial Bank's (兆豐銀行) alleged money laundering.
 > Taiwan
 
US pipeline that's causing shortages will soon reopen, carrying gasoline to 5 states
Gasoline should begin flowing again Wednesday -- through a temporary bypass on a critical pipeline -- after a major leak in Alabama forced a shutdown that led to surging fuel prices and scattered gas shortages across the South, a company official said Tuesday.
 
Peppered with questions, Wells Fargo chief executive seemed taken aback
Facing bipartisan outrage from a Senate panel over accusations of employee misconduct, Well Fargo CEO John Stumpf appeared taken aback by the intensity of the verbal lashing. At a few points, he seemed flustered and stumbled a bit over his words. He bristled at assertions that the alleged opening of millions of customer accounts without their permission was a "scam."
 
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