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July, 28, 2016

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Business
Oil prices dipped in Asia on Friday, extending the previous day's sharp losses, while analysts warned the ongoing global supply glut would likely linger.
 
The U.S. Department of Commerce (DOC) has raised an anti-dumping tariff against five Taiwanese exporters who ship certain corrosion-resistant steel products to the U.S. market, citing a correction to a ministerial error in an earlier ruling.
 > Taiwan
 
The yen edged lower Friday after a rally in New York sparked by Japan's central bank chief dashing hopes for so-called "helicopter money" stimulus.
 > Japan
 
Shares in Taiwan closed lower Friday as investors took cues from a pullback on Wall Street overnight to lock in the gains they had built in recent sessions, dealers said.
 > Taiwan
 
China's property giant Wanda, owned by the country's richest man Wang Jianlin, has signed an MOU to sell a historic Madrid skyscraper to a Spanish developer for 272 million euros, the company said Friday.
 > China
 
Former Premier Simon Chang (張善政) was named chairman of the Taiwan Mobile Foundation Friday, two months after stepping down at the end of the Ma Ying-jeou administration.
 > Taiwan
 
Premier Lin Chuan said the government's plan to develop the smart machinery industry in Taiwan is aimed at turning the country into a global R&D and manufacturing hub for the industry.
 > Taiwan
 
The U.S. government is suing to stop two major health insurance mergers, a move regulators say is needed to protect Americans from potential cost hikes and lower quality care.
 
The budget for an episode of an average local TV drama is rarely more than NT$3 million (US$93,748), about 12.5 percent that of the South Korean TV drama "Descendants of the Sun," the Public Television Service (PTS) board of directors has said.
 > Taiwan
 
Scandal-hit Ailes resigns as head of Fox News
Roger Ailes, who built Fox News into a politically powerful cable network, resigned Thursday under the cloud of a sexual harassment lawsuit.
 
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