NEWS ABOUT: Taipei
Taipei stories: 7 news briefs
MARKETS
Taipei leads region's markets on another bullish day
Reuters May 4, 09 3:34 AM CDT
(Newser Summary) -
Asian stocks hit a 7-month high today as investors put aside swine flu fears and and seized on good news from China. In Taiwan the main index soared 5.6%, its second straight major gain, while in Hong Kong the Hang Seng index closed up 5.5%. European markets started the day in positive territory—Fiat stock jumped 6.1% on news of its purchase of a stake in Chrysler and plans to expand further.
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First high-level talks since 1949 yield trade agreements amid opposition protests
Reuters Nov 4, 08 8:53 AM CST
(Newser Summary) -
The first high-level talks between China and Taiwan in 60 years have set aside politics in favor of building trade ties, Reuters reports. Negotiations in Taipei sidestepped the sovereignty question and yielded 13 agreements to triple the number of cross-strait flights, allow direct cargo shipments, improve food safety, and normalize financial relations between the once-hostile neighbors.
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Tourists visit old nationalist stronghold
BBC Jul 4, 08 6:16 AM CDT
(Newser Summary) -
Commercial flights between the Chinese mainland and Taiwan resumed today for the first time in 60 years, with simultaneous flights landing at the Taipei and Shanghai airports, the BBC reports. China Southern Airline's chairman described the first flight to land in Taipei as "a sacred moment." The agreement to reopen the route, weekends only, is the result of improved relations across the strait since Taiwan's new president, Ma Ying-jeou, took office in May.
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Party seeks reunification, while independence-seeking president reels from results
BBC Jan 12, 08 12:25 PM CST
(Newser Summary) -
Taiwan’s China-friendly opposition party dominated parliamentary elections today, the BBC reports, dealing a blow to the hard-line president 2 months before his own poll. The KMT, which supports closer ties with Beijing, trounced the ruling DPP, winning 72% of the seats in the 113-seat chamber. President Chen Shui-bian, resigning as the DPP’s chief, said he was “shamed” by the outcome.
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Stop in Taipei canceled thanks to disagreement with China
BBC Sep 21, 07 11:00 AM CDT
(Newser Summary) -
Add the Olympic torch route to the list of things China and Taiwan can’t agree on. After a month of debate, officials have canceled a stop in Taipei because the sides could not agree on the route, or the use of Taiwan’s national anthem and flag. Beijing said the move sets “a vile precedent,” the BBC reports.
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Plane's engine exploded; cause unknown
Associated Press Aug 20, 07 7:25 AM CDT
(Newser Summary) -
A jet burst into flames after landing in Okinawa today, moments after all 165 people onboard escaped. The China Airlines plane skidded while landing on arrival from Taipei, and its left engine exploded shortly afterward. The cause of the fire is unknown, the AP reports. Firefighters took an hour to put out the blaze, leaving a blackened hulk.
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Diplomats concerned about further escalation with mainland
Reuters May 3, 07 6:43 PM CDT
(Newser Summary) -
As Taiwan threatens to go on the offense against China, the U.S. is wincing at the island's growing arsenal. Last month Taipei announced a missile program to hit Chinese sites, to the candid disapproval of Steven Young, the top American diplomat there. "The focus should be on defensive weapons, not on offensive weapons," he says.
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