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Far EasTone launches 5G auto alliance

By Lisa Wang

Far EasTone Telecommunications Co (遠傳電信), the nation’s No. 3 telecom operator, yesterday launched an alliance to offer cellular-based 5G field trials for manufacturers in the autonomous vehicle supply chain in the first half of next year at the earliest. The formation of the alliance is partFULL STORY

Group pushes for uptake of adult custodial system

By Kao Shih-ching

Taiwanese need to wait longer for the introduction of an adult custodial system, as the Judicial Yuan is still mulling amendments to the regulations, the Trust Association said yesterday. The adult custodian system aims to protect senior citizens’ assets if their mental capacity becomes diminished byFULL STORY

Kaohsiung tourism booms after Han’s win

By Crystal Hsu

Tourism-related businesses in Kaohsiung seem to have benefited from Chinese Nationalist Party (KMT) Mayor Han Kuo-yu’s (韓國瑜) meteoric rise in popularity, but it remains to be seen if the “Han tide” can translate into sustainable, long-term gains. Tourist attractions, hotels and taxis have seen a double-digitFULL STORY

Gou’s buying bumps Hon Hai share price up

Shares of Hon Hai Precision Industry Co (鴻海), a key assembler of Apple Inc’s iPhones, yesterday remained strong following media reports that chairman Terry Gou (郭台銘) bought about NT$2 billion (US$64.8 million) shares last month, dealers said. However, the gains could be short-lived as globalFULL STORY

UMC approves budget to expand wafer capacity

By Lisa Wang

United Microelectronics Corp (UMC, 聯電), the world’s third-largest contract chipmaker, yesterday said its board of directors has approved a preliminary capital spending budget of NT$27.41 billion (US$887.6 million) to boost 12-inch and 8-inch wafer capacities for next year. “The outlay is mostly for expanding capacities viaFULL STORY

Cathay Hospitality launches Marriott hotel in Taipei

By Crystal Hsu

Cathay Hospitality Management Co (國泰商旅), an affiliate of Cathay Financial Holding Co (國泰金控), yesterday launched the Courtyard by Marriott Taipei Downtown (台北國泰萬怡酒店), saying it hopes to break even in three to five years. The goal requires annual revenue of between NT$142 million and NT$233 million (US$4.6FULL STORY

Global economic growth begins to fray

US farmers have been forced to warehouse a bumper crop of soybeans, or sell at a loss, while a Minnesota-based medical supply company is considering shipping production overseas amid growing uncertainty. Surveys of US business and consumer sentiment continued to show economic optimism going into nextFULL STORY

Trade dispute damage to China already done: Citi

The damage to China’s economy from a trade war with the US cannot be immediately made good, even in the case of a resolution with US President Donald Trump, Citigroup Inc economists said. That is because the tariff war is underlining China’s rising cost of laborFULL STORY

Asia stock traders hit ‘buy’ as US-China magic back

The power of news headlines is back, and a renewed dose of trade optimism is finally lifting Asian stocks from a six-week low. To be exact, the regional benchmark is heading for its biggest jump since Dec. 3, when the market reacted to US President DonaldFULL STORY

Ex-HSBC chief left after misconduct claim: sources

HSBC Holdings PLC’s head of global markets, Thibaut de Roux, left the bank after a junior female employee accused him of inappropriate conduct at a hotel bar in New York City, people with knowledge of the matter said. The London-based HSBC veteran allegedly behaved improperly withFULL STORY

Cisco in talks to purchase optical chipmaker Luxtera

Cisco Systems Inc, the biggest maker of networking equipment, is in talks to purchase optical chip technology company Luxtera Inc, people familiar with the plans said. A final price for the closely held company has not been determined, but a deal would likely value Luxtera inFULL STORY

World Business Quick Take

BANKING Boost expected in the US The US banking sector is set to see a flurry of deals next year, Ernst & Young LLP said on Tuesday. Transactions are to be fueled by easing regulations and a US tax overhaul, which has helped lenders build up aFULL STORY

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