Taiwan’s Kuomintang party appealed a court ruling that blocked it from expelling the parliament speaker, as President Ma Ying-jeou seeks to overcome setbacks including the resignations of 10 cabinet-level officials.
Taiwanese legislative speaker Wang Jin-pyng will remain a member of President Ma Ying-jeou’s ruling party after a court halted a bid to expel him, setting the stage for a protracted dispute as Ma’s popularity is waning.
Anshan Iron & Steel Group, China’s second-largest steelmaker, scrapped a plan to build its first factory in India because of “risk” concerns and is continuing with talks for a planned plant in the U.S.
China sent hundreds of officials to assist people hurt in a gas-pipeline blast in the city of Nanjing and to retrieve 3,000 barrels of hazardous chemicals that washed into a river in Jilin as authorities grappled with the latest in a string of industrial accidents.
Anshan Iron & Steel Group said it is still planning to invest in the U.S., a day after an executive said the Mississippi plant project, the first by a Chinese steelmaker in the nation, has been postponed.
Angang Steel Co., the biggest Hong Kong-traded steelmaker, gained after saying it will buy iron ore from its parent at rates closer to spot market prices amid expectations that raw material costs may fall.