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Saturday, July 26, 2014
Shares in Taiwan pulled back Friday as investors locked in their earlier gains in the bellwether electronics sector, creating heavy downward pressure on high-tech heavyweights, including Largan Precision Co. (大立光電), dealers said.
The U.S. dollar fell against the New Taiwan dollar Friday, shedding NT$0.017 to close at NT$30.035. Turnover totaled US$707 million during the trading session.
Taiwan -- Cathay United Bank first to open in Shanghai trade zone
Cathay United Bank (國泰世華銀行) on Friday inaugurated a sub-branch in the China (Shanghai) Pilot Free Trade Zone (FTZ), the first Taiwanese bank to establish a presence in the FTZ.
Friday, July 25, 2014
Taiwan -- Investigators retrieve black boxes
Investigators from the Aviation Safety Council (ASC) yesterday recovered the two black boxes of crashed TransAsia Airways (復興航空) passenger plane GE222.
The Executive Yuan yesterday confirmed that Premier Jiang Yi-huah (江宜樺) has permitted the resignation of Labor Minister Pan Shih-wei (潘世偉) after a local tabloid hinted that the latter may be involved with his assistant in an extramarital affair.
Taiwan -- Families arrive in Penghu to identify crash victims
TransAsia Airways (復興航空) yesterday dispatched two chartered planes from Taipei and Kaohsiung to carry family members so they could identify the bodies of the 48 victims who passed away after flight GE222 crashed in Penghu on Wednesday night.
Taiwan -- President of TransAsia's parent group apologizes
Chairman of SIGMU Group Lin Shiaw-shinn (林孝信), the parent company of TransAsia Airways (復興航空) yesterday apologized for the crash of flight GE222 that caused the deaths of 48 passengers and injured 10 people near Magong Airport on Penghu Island on Wednesday night.
France's representative office in Taiwan yesterday confirmed that two French nationals were killed in a TransAsia Airways plane crash that occurred on the offshore island of Penghu Wednesday evening.
President Ma Ying-jeou yesterday observed a minute of silence for the victims of Wednesday's TransAsia Airways tragedy.
Taiwan declined an offer from China for assistance after the Wednesday night crash of a domestic flight that killed 48 of the 58 people on board, but extended its gratitude for the concern, the semi-official Straits Exchange Foundation (SEF, 海基會) said Thursday.
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