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Apple shifting from Quanta to Hon Hai

By Lauly Li

Apple Inc has been gradually shifting its MacBook and iMac orders from Quanta Computer Inc (廣達) to Hon Hai Precision Industry Co (鴻海精密) over the past two years, market researcher International Data Corp said yesterday. “Quanta is still the primary notebook computer ODM [original designFULL STORY

iPhone 7 debut in South Korea hurts Samsung

Apple Inc’s iPhone 7 went on sale in South Korea yesterday, seeking to fill a void left by archrival Samsung Electronics Co on its home turf following a damaging recall fiasco over the Note 7 smartphone. The South Korean electronics giant discontinued the Note 7 —FULL STORY

Tung Ho seeks to expand Vietnam presence

By Kuo Chia-erh

Tung Ho Steel Enterprise Corp’s (東和鋼鐵) new production line in its Vietnam plant is to start operations in the third quarter of next year, chairman Henry Ho (侯傑騰) said on Thursday. The company expects the new production line for making reinforcing bars to expand its productionFULL STORY

Brave C&H shares soar on Taipei Exchange debut

By Lisa Wang

Brave C&H Supply Co Ltd (倉和), which makes precision screens used in solar cells, saw its shares soar 15.56 percent yesterday after its debut on the Taipei Exchange amid recovering solar cell demand. Shares closed at NT$104, from an initial public offering price of NT$90, makingFULL STORY

Alibaba looking to top its Singles’ Day record

Alibaba Group Holding Ltd (阿里巴巴) expects to surpass the record US$14.3 billion in sales it made on Singles’ Day last year by rolling out new activities like virtual fashion shows and augmented reality games to entice shoppers. “The numbers will be big and they’ll be biggerFULL STORY

Audible ATMs to be in all Taipei MRT stations next year

The Taipei and Kaohsiung Mass Rapid Transit (MRT) systems are to have talking automated teller machines (ATMs) installed in all stations by next year to serve the visually impaired, the Financial Supervisory Commission said yesterday. The commission said Taiwanese banks would complete the installation of theFULL STORY

China property curbs start to bite as home prices fall

China’s overheated property market is showing tentative signs of cooling, with home prices in some of the hottest cities falling this month as authorities stepped up curbs to avert a potentially ruinous housing bubble. New home prices in Beijing fell 3.7 percent in the first weeksFULL STORY

Malaysian PM unveils budget amid 1MDB protests

Malaysian Prime Minister Najib Razak yesterday courted voters with cash aid and subsidies and pledged to cut the country’s large fiscal deficit to keep the economy on a strong growth track. However, opposition lawmakers walked out of the parliament chamber calling the budget unrealistic and blamingFULL STORY

Taiwan Business Quick Take

SEMICONDUCTORS North America ratio rises The book-to-bill ratio for North American-based semiconductor equipment manufacturers rose from 1.03 in August to 1.05 last month, statistics released by Semiconductor Equipment and Materials International (SEMI) showed on Thursday. A ratio of 1.05 means that US$105 worth of orders were receivedFULL STORY

AT&T, Time Warner discuss strategies

Senior executives at AT&T Inc and Time Warner Inc have met in recent weeks to discuss various business strategies including a possible merger, according to people familiar with the matter. The talks, which at this stage are informal, have focused on building relations between the companiesFULL STORY

Autopilot criticism may cause deaths: Musk

Self-driving cars hold the promise of saving thousands of lives each year on US roads, but does pointing out flaws with the technology effectively put people in danger? That claim was put forth on Wednesday by Tesla Motors Inc chief executive officer Elon Musk, whoFULL STORY

Worldwide wine slump could be due to El Nino

Global wine production for this year is expected to be among the lowest in 20 years, an industry body said on Thursday, suggesting climatic events such as El Nino could be to blame. The International Organisation of Vine and Wine estimated this year’s output at 259FULL STORY

SkyCity shares plunge on China high-roller warning

Shares in New Zealand’s SkyCity gaming group yesterday slumped 12 percent after it warned China’s crackdown on high-roller promotions would affect its bottom line. The company, which runs the flagship SkyCity casino in Auckland, New Zealand, said about 50 percent of its turnover came from ChineseFULL STORY

British American Tobacco bids US$47 billion for control of its rival Reynolds

British American Tobacco PLC yesterday said it had launched a US$47 billion bid for control of rival Reynolds American Inc, eying rapid expansion into US and emerging markets and e-cigarettes. The deal, worth the equivalent of 43 billion euros (US$47 billion), would create the world’s largestFULL STORY

Australian alliance buys power grid; Chinese bid blocked

Half of Australia’s largest electricity network has been sold to two local firms for A$16.189 billion (US$12.38 billion), after Canberra blocked a Chinese bid citing national security. The Australian government has been concerned about investment from Beijing and twice rejected the sale of the country’s biggestFULL STORY

World Business Quick Take

BANKING ANZ to cut overseas jobs Australia & New Zealand Banking Group (ANZ) Ltd, Australia’s third-biggest bank by market value, is cutting about 30 jobs in its institutional banking unit. The affected positions are based in New York, London and Asia, and are mostly in customer relationshipFULL STORY

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