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Shares fall amid Deutsche Bank woes

Local shares yesterday lost momentum and closed below the 9,200-point mark, amid global concerns over a financial crisis at Deutsche Bank AG. The TAIEX ended down 104.05 points, or 1.12 percent, at 9,166.85, with turnover of NT$72.70 billion (US$2.32 billion), Taiwan Stock Exchange data showed.FULL STORY

Landis to open three-star hotel in Hsinchu

By Crystal Hsu

Landis Hospitality Group (麗緻餐旅集團), an upscale hotel and restaurant operator, is to open a new venue, Landis Inn Chuhu, in Hsinchu later this month, as it seeks to expand into the three-star hotel market, senior executives said yesterday. Located near the Hsinchu Science Park (新竹科學園區) andFULL STORY

BOJ reduces debt purchase targets to steepen yields

Investors hoping the Bank of Japan (BOJ) would provide clues on how it plans to control yields in a monthly statement yesterday were not disappointed. The central bank reduced its target for purchases of debt maturing in more than 10 years to a range of aboutFULL STORY

Taipei, Washington to hold latest round of TIFA meetings

Taiwan and the US are next week to hold the latest round of Trade and Investment Framework Agreement (TIFA) talks in Washington, which are expected to cover a wide range of issues to advance bilateral trade. The talks are to begin on Tuesday and the discussionsFULL STORY

CAL to ply A350 on HK, Osaka routes

A new Airbus SAS A350-900 XWB delivered yesterday to China Airlines Ltd (CAL, 中華航空) is to be first used on flights to Hong Kong and Osaka, Japan, CAL chairman Ho Nuan-hsuan (何煖軒) said. The carrier would start flying the aircraft to Amsterdam, Vienna and Rome fromFULL STORY

Electric cars set to benefit as OPEC curbs oil output

Electric car makers might breathe a sigh of relief from OPEC’s decision to curb oil output, which, if it holds, could help tilt the argument in favor of “greener” transport. Electric car sales stalled in the US last year, as gasoline prices fell 5.8 percent onFULL STORY

Child labor taints production of electric cars: Amnesty

Leading electric car makers might be unwittingly using child labor to produce batteries for vehicles that have grown in popularity for using “clean” energy aimed at limiting global warming, Amnesty International said yesterday. The human rights watchdog said cobalt used in lithium ion batteries for electricFULL STORY

Taiwan Business Quick Take

MANUFACTURING Sector showing growth The local manufacturing sector continued to show signs of improvement in August as Taiwan’s exports rebounded, the Taiwan Institute of Economic Research said yesterday. The institute said the manufacturing composite index for August rose 1.32 points from a month earlier to 11.84, flashingFULL STORY

China output rises, Japan inflation falls

China’s factory sector struggled to gain speed last month, while Japanese inflation went backward in August, despite the best efforts of policymakers, underscoring the limits of stimulus in reviving world growth. Yesterday’s unflattering figures bookended a week in which the IMF warned it would likely downgradeFULL STORY

LinkedIn sale raises EU anti-trust concerns

Microsoft Corp this year outmuscled Salesforce.com Inc to buy LinkedIn Corp, the professional social network, for US$26.2 billion. Now, Salesforce.com, an Internet software company that also showed interest in acquiring Twitter Inc, has raised concerns with Europe’s anti-trust authorities about the potential takeover, according to threeFULL STORY

Fed orders China bank to improve internal controls

The US Federal Reserve on Thursday said that it had ordered Agricultural Bank of China Ltd (中國農業銀行), one of China’s largest banks, to improve its internal controls against money laundering. The move came after a former staffer sued the bank last year, saying she had beenFULL STORY

Indonesia officials raid Google after tax audit refusal

Google’s Jakarta office was raided by Indonesian authorities after they warned the company for refusing a tax audit. Officers visited Google’s office in central Jakarta “many times” over the past two weeks to collect data and repeatedly sought meetings with senior company officials, Muhammad Haniv, theFULL STORY

Weak autumn sales could affect Q4 revenue: H&M

H&M Hennes & Mauritz AB added to the growing drumbeat of negative news from fashion retailers by saying the weak start to the autumn season raises the risk of increased discounting in the fourth quarter. Revenue growth slowed to 1 percent last month excluding currency shifts,FULL STORY

Tech titans join forces to research AI

Major technology firms have joined forces on artificial intelligence (AI), aiming to cooperate on “best practices” on using the technology “to benefit people and society.” Microsoft Corp, Amazon.com Inc, Google, Facebook Inc, International Business Machines Corp and Google-owned British artificial intelligence firm DeepMind on Wednesday announcedFULL STORY

World Business Quick Take

UNITED STATES Q2 growth tops expectations The economy grew faster than originally thought in the second quarter of this year, with Department of Commerce figures released on Thursday showing a 1.4 percent annual rate. The department’s previous second-quarter GDP estimate had been a gloomier 1.1 percent. However,FULL STORY

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