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Export orders shrink for a second year

By Lauly Li

Export orders for last month climbed 6.3 percent annually, but dropped 5.5 percent from November, as smartphone sales slowed, the Ministry of Economic Affairs said yesterday. Last month’s results brought export orders for the full year to US$444.54 billion, down 1.6 percent from the previous yearFULL STORY

Sharp’s Apple orders to benefit GIS sales: report

By Lisa Wang

General Interface Solution Holding Ltd (GIS, 業成), a touchpanel manufacturing arm of Hon Hai Precision Industry Co (鴻海精密), should see its revenue rise by as much as 40 percent this year, after Sharp Corp clinched a bigger order allocation from Apple Inc, KGI Securities CoFULL STORY

Taiwan shares gain ahead of US inauguration

Taiwanese shares closed slightly higher yesterday amid cautious sentiment, with many investors choosing to remain on the sidelines ahead of the inauguration of Donald Trump as US president, dealers said. Shares of select large cap stocks in the Apple Inc supply chain, in particular smartphone cameraFULL STORY

Chun Yuan Steel bullish on China

By Kuo Chia-erh

Chun Yuan Steel Industry Co (春源鋼鐵) on Thursday said it expects revenue contribution from China to increase from 25 percent to 30 percent this year, aided by Beijing’s supply-side reforms. China has been cutting steel capacity to solve oversupply problems. The nation’s target to cut steelFULL STORY

LeEco founder sorry over share-boosting remarks

Leshi Internet Information & Technology Corp’s (LeEco, 樂視) shares climbed yesterday after billionaire founder Jia Yueting (賈躍亭) apologized for making “inappropriate” comments about boosting the share price of LeEco’s main listed unit to 100 yuan. Jia’s remarks, made to investors at a public forum, was theFULL STORY

China cuts reserve ratio just for holiday crunch

China has allowed its five biggest banks to temporarily lower the amount of money that they must hold as reserves to relieve pressure in its financial system as demand for cash surges ahead of the Lunar New Year holiday, three sources with direct knowledge ofFULL STORY

Apple ready to make iPhones in India, for a price

Apple Inc is willing to start making iPhones in India, but it wants a big helping hand from Indian Prime Minister Narendra Modi’s government first. The Cupertino, California-based company is scheduled to meet with officials in New Delhi next week to discuss the prospects for settingFULL STORY

Taiwan Business Quick Take

GREEN’ ENERGY Fubon eyes solar investment Fubon Financial Holding Co (富邦金控) yesterday said it plans to invest NT$300 million (US$9.51 million) in a solar power joint venture through Fubon Life Insurance Co (富邦人壽), according to a Taiwan Stock Exchange filing. The solar power venture will invest inFULL STORY

Chinese economic growth slows to 6.7%

China’s economy grew last year at its slowest rate in more than a quarter-century, but while yesterday’s data pointed to much-needed stability, Beijing is bracing for an uncertain outlook that could see a trade stand-off with US President Donald Trump. After a tumultuous start last year,FULL STORY

Bankers see UK backing calls for Brexit transition

Top bankers are confident that British Prime Minister Theresa May’s government will support a transition period of several years for the financial sector to cope with the UK’s exit from the EU. May on Thursday met the heads of major US financial firms at the WorldFULL STORY

Davos raises concern over robots’ job impact

Open markets and global trade have been blamed for job losses over the past decade, but global CEOs say the real culprits are increasingly machines. Moreover, while business leaders gathered at the annual World Economic Forum (WEF) in Davos, Switzerland, relish the productivity gains technology canFULL STORY

US ends Tesla fatal crash probe with no recalls or fines

Tesla Motors Inc will not face a recall or fine as a result of a fatal crash involving its Autopilot system, but US safety regulators are warning auto manufacturers and drivers not to treat semiautonomous cars as if they were fully self-driving. The National Highway TrafficFULL STORY

Abe’s adviser urges pushback if Trump takes ‘wrong’ tack

Japan should push back if US President Donald Trump bases trade and other economic policy on “wrong economics,” an adviser to Japanese Prime Minister Shinzo Abe said in an unusually direct expression of concern about potential protectionism. Koichi Hamada, emeritus professor of economics at Yale UniversityFULL STORY

World Business Quick Take

STANDING HEAD IBM beats profit forecasts International Business Machines Corp (IBM) on Thursday reported fourth-quarter net profit of US$4.5 billion, or earnings per share of US$4.72. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, came to US$5.01 per share. The results topped WallFULL STORY

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