Taiwan market News

Seven Taiwanese Insurers Have Not Received Russian Eurobond Payments: Regulator

Taiwan’s financial regulator said on Tuesday that seven Taiwanese insurance companies have not received interest due on May 27 on Russian Eurobonds after a grace period ended on Sunday evening. Russia defaulted on its international bonds for the first time …

Train Wreck Kills 50 in Worst Taiwanese Accident in 7 Decades

TAIPEI – Taiwanese rescuers were trying on Monday to retrieve the last body of a passenger from wreckage of a deadly train crash last week, as the government said five of the eight carriages had now been removed. Fifty people …

Update: Taiwan Bridge Collapse Claims 5 Lives with 1 Person Missing

Searchers in Taiwan have recovered five bodies and are looking for one more person missing from three fishing boats that were struck when a bridge collapsed into the water below, authorities said Wednesday. The National Fire Agency said two of …

Bridge in Eastern Taiwan Collapses; Divers Search for Victims

A towering arch bridge over a bay in eastern Taiwan collapsed Tuesday, sending a burning oil tanker truck falling onto boats in the water below. An air force helicopter, fishing vessels and more than 60 military personnel, including divers were …

Taiwan Power Crisis a Growing Concern for Local Industry: Opinion

I was having dinner with a friend in downtown Taipei on Tuesday night when the electricity went off for the second time that day. Workers accidentally shut off the supply of natural gas to a single power generator just a …

Taiwan Power Outages Disrupt Some Semiconductor Manufacturing

A blackout caused by a blunder at Taiwan’s biggest gas-fired plant is the latest challenge to an electricity grid recently pushed to its limit and to President Tsai Ing-wen’s efforts to reshape the island’s power mix. A combination of unusually …

Zurich to Sell General Insurance Operations in Taiwan to Hotai Motor

Zurich Insurance will sell its general insurance operations in Taiwan to Hotai Motor Co. Ltd., with the business to become part of the Hotai Group, subject to approvals and conditions from the supervisory regulator. Hotai Motor Co. Ltd. has become …