Barclays Plc is set to defend itself against Lehman Brothers Holdings Inc. ’s claim that it should pay as much as $11 billion after allegedly making an undisclosed “windfall” on its purchase of bankrupt Lehman’s brokerage.
Taiwan will reduce wholesale prices for electricity generated by solar panels, the Commercial Times reported, citing Premier Wu Den-yih. The price cut could be as much as 20 percent, according to the Taipei-based Chinese- language daily, without saying where it got the information.
Taiwan may reshuffle its cabinet after reviewing the performance in the past year, the United Daily News reported, citing Premier Wu Den-yih. Any change will take place after the current parliament session ends, the Taipei-based Chinese-language daily said.
Taiwan President Ma Ying-jeou named Wu Den-yih as running mate for his re-election bid, betting the more-popular incumbent premier will help him stave off growing support for the opposition in next year’s election.
Taiwan Premier Wu Den-yih will today outline four key policy goals including rejuvenating the economy through flexibility, the official Central News Agency reported, citing a copy of a report he’s scheduled to present to the legislature. The government also aims to strengthen flood- control and landslide prevention, seek a peaceful environment with China, expand foreign relations, and stamp out corruption while building a social safety net, the agency reported.