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E Ink revenue set to grow in Q3

By Lisa Wang

E Ink Holdings Inc (元太科技), which supplies e-paper displays for Amazon.com Inc’s Kindle e-reader series, yesterday said revenue would grow up to 10 percent this quarter from a year earlier on seasonal demand, while royalty income would further boost its profits. The company relies on royaltyFULL STORY

OPEC’s pain this year could bring gains next year

While OPEC’s fight to snatch market share from rival oil producers might look like a costly failure as prices languish below US$50 a barrel, an entirely different picture could emerge next year. Supplies outside OPEC are expected to contract next year for the first time sinceFULL STORY

CTBC reveals plans to strengthen financial structure

By Ted Chen

CTBC Financial Holding Co (中信金控) yesterday said it is planning a capital increase scheme by issuing 2.397 billion new common shares in a bid to bolster its financial structure and is to use the proceeds for potential investments and acquisitions. The company plans to sellFULL STORY

Magazine praises Tesla sedan with highest score ever

Consumer Reports gave Tesla Motors Inc’s Model S P85D sedan its highest score ever for a car, breaking the magazine’s scoring system by initially giving it 103 out of 100. Editors were forced to adjust the scoring system, leaving the electric car with a mereFULL STORY

Japan’s Abenomics under threat from China’s economy

Japanese inflation fell back to zero last month while household spending dropped again, official figures showed yesterday, as a slowdown in China threatens Japan’s already precarious economic landscape. The disappointing figures are sure to stoke speculation that the Bank of Japan (BOJ) would be forced toFULL STORY

Taiwan Business Quick Take

ELECTRONICS Sharp considers LCD options Sharp Corp is considering various options for its ill-fated LCD business after the Yomiuri newspaper yesterday said the company might sell a majority stake in the unit to rival Japan Display Inc. Sharp could spin off the business into a joint ventureFULL STORY

China raises market heat as bankers gather in US

Just as they thought they could begin moving away from crisis mode, China’s turmoil has become a new threat to the world’s top central bankers. The China crisis will be an ominous cloud over the annual gathering of US and foreign central bank officials and expertsFULL STORY

China eases foreign property investment restrictions

China loosened restrictions on foreign investment in real estate after the yuan’s depreciation reduced the appeal of Chinese property assets. Overseas companies’ Chinese units and foreign nationals working and living in China can buy properties for their own use that meet “real needs,” Chinese authorities, includingFULL STORY

Apple event date set for San Francisco

Apple Inc on Thursday sent out invitations to a Sept. 9 media event, hinting that the Siri virtual assistant software in its mobile devices is to play a role. In trademark enigmatic style, the e-mailed invitations provided little more than the time and place of theFULL STORY

Line says it is still considering IPO

Popular Japanese messaging app Line Corp said yesterday that it was still considering plans for an initial public offering (IPO), after a report said it had shelved the sale for a second year in a row. Line’s owner, South Korean Internet firm Naver Corp, was preparingFULL STORY

Facebook marks 1bn users per day

Facebook Inc boasted of a new benchmark on Thursday in its seemingly inexorable march to Internet ubiquity: 1 billion people used the social network in a single day. “We just passed an important milestone,” chief executive and cofounder Mark Zuckerberg declared in a post on hisFULL STORY

US group urges China to open insurance markets

A US business group yesterday urged China to allow more access to its insurance and other service industries, saying foreign skills could help develop its volatile stock markets and cope with disasters like the recent chemical explosion in Tianjin. Opening largely closed banking, logistics and otherFULL STORY

Mitsubishi to buy 20% in Olam for US$1.09 billion

Mitsubishi Corp, betting on growing demand for food in Asia, agreed to buy a 20 percent stake in Olam International Ltd, the commodity trader controlled by Singapore’s state investment company, in two deals worth S$1.53 billion (US$1.09 billion). Olam said on Thursday in a statement thatFULL STORY

World Business Quick Take

ECONOMY US posts 3.7% GDP growth The US economy staged a far bigger rebound last quarter than first thought, outpacing the rest of the developed world and bolstering confidence that it can remain sturdy in coming months despite global headwinds. The GDP expanded at an annual rateFULL STORY

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