CPC Corp., Taiwan, a state-run oil company announced raising domestic sales prices for gasoline and diesel oil products by NT$0.6 and NT$1.0 per liter, respectively, effective early this morning under the flexible oil pricing system, according to United Daily News. (UDN)

G-20 finance ministers were meeting here on Friday to shore up the recovery from the global financial crisis and discuss funding for a still uncertain agreement on climate change.

Bailed out insurance giant AIG on Friday announced a profit of 455 million dollars in the third quarter, a massive turnaround from a US$24.4 billion loss in the same period last year.

Elpida Memory Inc., Japan's biggest computer memory-chip maker, will outsource some production of semiconductors to Taiwan's ProMOS Technologies Inc. from next year to lower costs and gain market share.

Taiwan stocks rose yesterday, with the TAIEX benchmark index increasing 45.59 points, following a rally on Wall Street in overnight trading and signs that a cross-strait financial pact may be signed soon.

APEC leaders will maintain hefty stimulus packages until they secure a “durable” recovery from the global economic slowdown, according to a draft communique obtained by AFP Friday.

Taiwan's dollar rose this week on speculation the improving economy will encourage overseas investors to buy the island's assets.

Toyota's popular Prius hybrid was the top-selling car in Japan in October for the sixth straight month, helped by tax breaks and government subsidies for environmentally friendly vehicles, an industry group said Friday.

Ford is introducing an inflatable seat belt for back-seat passengers that it hopes will reduce injuries in front and side crashes.

China protested U.S. duties on steel pipes and announced the start of an anti-dumping probe into American carmakers as trade tensions escalate ahead of President Barack Obama's first visit to the nation this month.