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    Chen inks trade deal with Guatemala

    MUTUALLY BENEFICIAL: Taiwan may get indirect tariff-free access to the US market with the deal, while Guatemala will get an expanded market for its coffee and sugar
    BY CHIU YU-TZU
    Taiwan signed a free-trade agreement (FTA) with Guatemala Thursday in a bid to strengthen bilateral relations with the Central American country and expand the global market for Taiwanese products.

    [ FULL STORY ]


    US official questions China's military buildup

    NO CLEAR MOTIVATION: The US defense secretary's new top aide, Eric Edelman, said it was `hard to see' why Beijing was bulking up its military forces so rapidly
    The pace and scope of China's military buildup raise questions about the government's intentions toward its neighbors, says Secretary of Defense Donald Rumsfeld's new top policy adviser.

    [ FULL STORY ]


    Heed US warning, defense minister says

    Minister of National Defense Lee Jye (李傑) said yesterday that Taiwan should take heed of a US Pentagon official's stern criticism of the limited growth in the nation's national defense budget.

    [ FULL STORY ]


    China widens its currency's trading band with euro, yen

    AFP, Beijing

    [ FULL STORY ]


    Rita-fleers cause massive traffic snarlup in Texas

    Hurricane Rita roared toward the Texas and Louisiana coasts early yesterday, a major Category 4 storm that spurred a traffic-snarled exodus toward higher ground and fears it could cripple the heart of the nation's petrochemical industry.

    [ FULL STORY ]


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