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Housing market to warm up: survey

By Crystal Hsu

Housing transactions might improve in the second half of this year, as 45.4 percent of Taiwanese plan to buy homes in the coming six months according to a recent poll, an increase of 10 percent from a year earlier, Taiwan Realty Co (台灣房屋) said yesterday. However,FULL STORY

TAMI hypes ‘Industry 4.0’ potential

By Aileen Chuang

The nation’s machinery makers should lead in the era of “Industry 4.0” to avoid wasting resources, the head of the Taiwan Association of Machinery Industry (TAMI, 台灣機械公會) said yesterday, adding a call for close collaboration among research institutes, academia and the government. “The industrial end isFULL STORY

Average motorcycle price rockets 38% to NT$55,000

By Aileen Chuang

The average price of a motorcycle sold in Taiwan reached NT$55,000 per unit last year, up 38 percent from eight years earlier, the Ministry of Economic Affairs said yesterday. Last year’s figure compares with an average price of less than NT$40,000 per unit before 2008 andFULL STORY

Higher food costs driving up inflation

By Crystal Hsu

The consumer price index (CPI) climbed 1.88 percent last month from a year earlier, rising for the eighth consecutive month as supply disruptions caused by bad weather last quarter continued to drive up food costs, with fruit prices soaring to a 43-month high, the Directorate-GeneralFULL STORY

Ford invests US$182.2m in software firm Pivotal

Ford Motor Co is investing US$182.2 million in San Francisco-based Pivotal Software Inc, underscoring the pressure automakers face to boost their technology platforms given the rise of connected and self-driving cars. The investment in Pivotal, a cloud-software company which provides tools that make it easier forFULL STORY

HTC confirms it formed a new VR company

Smartphone maker HTC Corp (宏達電) yesterday said that it has set up a company to develop new technology. HTC made the announcement after local media reported that a company was set up at the end of last year for developing the virtual reality (VR) business.FULL STORY

Big e-mail data breaches reported

Hundreds of millions of hacked user names and passwords for e-mail accounts and other Web sites are being traded in Russia’s criminal underworld, a security expert said. The discovery of 272.3 million stolen accounts included a majority of users of Mail.ru, Russia’s most popular e-mail service,FULL STORY

Alibaba’s first-quarter revenue beats expectations

Alibaba Group Holding Ltd’s (阿里巴巴) first quarter revenue beat analysts’ estimates as China’s biggest e-commerce company sold more advertising to merchants on its platforms. Sales rose 39 percent to 24.2 billion yuan (US$3.72 billion) in the three months ended March, the company said yesterday. That comparesFULL STORY

Taiwan Business Quick Take

FOREX Reserves hit US$433.18bn The nation’s foreign-exchange reserves totaled US$433.18 billion as of the end of last month, an increase of US$1.58 billion from a month earlier, the central bank said yesterday. The bank attributed the increase to returns from foreign-exchange reserves management and the appreciation ofFULL STORY

Tesla brushes off Q1 loss, hastens plans

Electric car maker Tesla Motors Inc brushed off a big first-quarter loss and cheered investors with news that it plans to accelerate its production plans. Tesla’s loss rose 84 percent to US$282 million in the first quarter as it struggled with parts delays for its newFULL STORY

EU executive to stop Telefonica’s O2 deal: source

The European Commission is likely to shoot down Telefonica SA’s blockbuster sale of British telecom giant O2 to Hong Kong group Hutchison Whampoa Ltd (和記黃埔) on fears it would inflict higher prices on British consumers, a source told reporters on Wednesday. “We expect European Competition CommissionerFULL STORY

China right to cool casino-like trade hysteria, Jim Rogers says

Veteran investor Jim Rogers said that authorities in China are right to tackle the frenzy of speculative investing that has broken out in the nation’s commodity futures markets, adding that a failure to act would have stored up problems. “China is doing their best to coolFULL STORY

Reserve Bank of Australia picks ‘street smart’ deputy Philip Lowe to take over in September

Australia named its next central bank governor yesterday, with Philip Lowe promoted to the top job from deputy to replace Glenn Stevens in a widely-tipped move. The announcement came in the week the Reserve Bank of Australia slashed interest rates to a new record-low ofFULL STORY

World Business Quick Take

MALAYSIA Takata airbags kill two Two people have died in the nation after airbag inflators made by Japan’s Takata Corp exploded, carmaker Honda Motor Co announced, raising the global toll to 13 in a scandal that has led to the biggest auto recall in US history. TheFULL STORY

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