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June, 30, 2016

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Business
TransCanada has formally filed a US$15 billion suit against the U.S. government for blocking its controversial project for an oil pipeline linking Canada with the Gulf of Mexico, legal documents show.
 
Bulldozers, coal haulers and several other pieces of equipment belonging to Dakota Westmoreland mine near Beulah, North Dakota were auctioned Friday as the operator retrenches after losing its primary coal contract.
 
UK brace for economic repercussions for Brexit as EU commissioner quits
The British were warned for weeks that a vote to leave the European Union would result in economic pain. Now they'll find out whether it will.
 
The maker of Cheerios cereal, Nature Valley bars and Yoplait yogurt has chosen South Dakota State University as its partner in an effort to improve the quality of oats and make the crop more sustainable.
 
Expanded Panama Canal opens for business
Panama is preparing to officially open its canal this weekend to far bigger cargo ships after nearly a decade of expansion work aimed at boosting transit revenues and global trade.
 
Orders to U.S. factories for long-lasting manufactured goods dropped in May, reversing two months of gains and delivering more bad news for American manufacturers.
 
SEOUL - Seoul prosecutors arrested an executive of Volkswagen's South Korean unit on Friday, as part of an ongoing probe into the emissions fraud scandal that engulfed the German carmaker.
 
Yuanta-Polaris cuts GDP growth forecast to 0.9%
Yuanta-Polaris Research Institute (元大寶華綜經院) on Thursday lowered its annual economic growth forecast for Taiwan from 1.42 percent to 0.9 percent amid disappointing global demand.
 > Taiwan
 
Riding Segway's hoverboard is like skiing on the streets of LA
A new self-balancing electric scooter from Segway grows on you. Like a comfortable pair of shoes, it takes you places, but on wheels.
 
Chunghwa Telecom (中華電信) was presented with the "Taiwan Mobile Service Provider of the Year" award by consulting firm Frost & Sullivan recently in Singapore.
 > Taiwan
 
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