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Chinese buyers lead iPhone race

Buyers from China, deprived of the latest iPhone launch at home, were yesterday among the first in line in Japan to grab the “6” and its new large-screen cousin as Apple Inc hit back at rivals. Licensing problems in China meant the global rollout went aheadFULL STORY

Waterland bids for Taiwan Business shares

By Crystal Hsu

Waterland Financial Holdings Co (國票金控) yesterday confirmed its interest in acquiring shares in Taiwan Business Bank (台灣企銀) with a view to helping consolidate state-run financial institutes as urged by financial authorities. The nation’s smallest financial conglomerate by assets made known its interest in a stock exchangeFULL STORY

Chip equipment demand steady: SEMI

By Lisa Wang

The book-to-bill ratio for North American-based semiconductor equipment manufacturers had remained above one for almost a year as of last month, indicating sustainable demand for semiconductor equipment this year, industry association SEMI said yesterday. The three-month average of worldwide bookings shrank 5 percent to US$1.35 billionFULL STORY

President Chain launches hotpot diner joint venture

By Amy Su

President Chain Store Corp (PCSC, 統一超商), which operates the nation’s largest convenience store chain, 7-Eleven, aims to raise sales from reinvestments in the food and beverage sector by continuous expansion. The convenience store operator has just stepped into the low-price hotpot restaurant market by launching itsFULL STORY

ScinoPharm shares soar on back of its new drug approval

By Camaron Kao

Shares of ScinoPharm Taiwan (台灣神隆) soared to the daily limit yesterday after the company said it received approval last month to make ingredients for Decitabine, a drug to treat myelodysplastic syndromes, a class of conditions in which certain blood cells are dysfunctional. The maker of activeFULL STORY

Stock rally might have peaked in July: Yuanta

By Kevin Chen

Taiwan’s stock rally might have peaked in July, as the local market has been slipping back in see-saw trade over the past two months alongside sliding daily turnover, Yuanta Securities Corp (元大證券) said yesterday in a client note. Positive catalysts to lift the market out ofFULL STORY

PC trade over for this year: analysts

By Kevin Chen

The global PC demand looks set to witness a substantial decline next year similar to what happened in the post-Y2K period in 2000, Barclays Capital Securities yesterday said in a client note. The Y2K phenomenon refers to the worries about computer bug problems in 1999 thatFULL STORY

Eslite, Yulon team up for project in New Taipei City

By Camaron Kao and Amy Su

Yulon Motor Co (裕隆汽車) yesterday said that it had reached an agreement with Eslite Spectrum Corp (誠品生活) to jointly operate a new retail business in New Taipei City’s Sindian District (新店). The new business is to be located in Yulon’s planned property development project, of whichFULL STORY

Taiwan Business Briefs

NT dollar dips 0.6 percent The New Taiwan dollar completed its biggest weekly decline since March, as demand for the greenback increased after US Federal Reserve officials raised their forecast for US borrowing costs. The NT dollar dropped 0.6 percent this week, the most since theFULL STORY

Google, Apple boost encryption tactics

Google Inc and Apple Inc on Thursday said they are hardening encryption tactics on devices powered by their mobile operating systems and tossing away the keys. The move should mean that even the government with its court-issued warrants will be blocked from getting hold of pictures,FULL STORY

Alibaba sets IPO share price, to raise US$21.8bn

Alibaba Group Holding Ltd (阿里巴巴) priced its initial public offering at US$68 a share, the top end of the expected range, raising US$21.8 billion on Thursday, in the latest sign of strong investor appetite for the Chinese e-commerce juggernaut. At that price, the IPO, one ofFULL STORY

Oracle CEO and cofounder stepping aside

Oracle Corp co-founder Larry Ellison is stepping aside as CEO after 37 years at the helm of the business software maker, ending a colorful reign marked by his flamboyant behavior and outlandish wealth amassed while building one of the world’s best-known technology companies. With the changingFULL STORY

Home Depot admits breach

Home Depot Inc said on Thursday that the account information of 56 million cardholders was compromised in what is the largest known breach of a retail company’s computer network. Home Depot said hackers breached the company’s cash register systems in its US and Canadian stores inFULL STORY

Japanese auto executives charged with price-fixing

The US charged seven Japanese executives with price-fixing on Thursday in a long-running probe into illegal practices in the automobile parts industry. Three executives from Mitsubishi Electric Corp were accused by a federal grand jury of conspiring to set the prices of starter motors, alternators andFULL STORY

Microsoft axes 2,100 in second round of job cuts

Microsoft Corp on Thursday said that it axed 2,100 jobs in a second round of cuts which were announced earlier this year. The US technology titan in July unveiled plans to slash a total of 18,000 jobs from its global workforce during the course of aFULL STORY

World Business Quick Take

PHARMACEUTICALS GSK fined for bribery A Chinese court yesterday fined British drugmaker GlaxoSmithKline (GSK) 3 billion yuan (US$490 million) following a nearly year-long bribery probe, the company said. The fine, levied by the Changsha Intermediate People’s Court after a closed hearing in Hunan Province, was the largestFULL STORY

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