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Huntsman’s US run could draw attention to Taiwan

The announcement earlier this week by US Ambassador to China Jon Huntsman that he was resigning from his post to seek the Republican Party’s nomination for the presidential election next year could have substantial implications for Washington’s Taiwan policy.

A billionaire and former governor of Utah, Huntsman was a Mormon missionary in Taiwan from 1987 to 1988 and is said to be fluent in Mandarin and Hoklo (also known as Taiwanese).

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Joblessness, rising prices could spark wars: IMF boss

The world economy is beset by problems such as high unemployment and rising prices, which could fuel trade protectionism and even lead to war within nations, the head of the IMF warned yesterday.

Rising food and fuel prices in recent months have already hit poorer countries and are one of the factors behind massive anti-government protests in Egypt and in Tunisia.

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Newsflash

The central bank is pushing for curbs to be imposed on the amount of Chinese capital that can be placed in local stocks, hoping to stem the inflow of speculative funds, an official said yesterday.

The Financial Supervisory Commission, which has the authority to set limits on Chinese funds, has been approached by central bank officials eager to keep controls tight, said Lu Ting-chieh (盧廷劼), the commission’s chief secretary.