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Domestic demand drives GDP growth

By Crystal Hsu

The nation’s GDP grew 3.51 percent last year, better than the estimate in November last year of 3.43 percent, thanks to a stronger fourth-quarter showing led by private consumption amid a slowdown in external demand, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday. TheFULL STORY

Compal shares fall 1.7%

By Lauly Li

Compal Electronics Co (仁寶電腦) shares yesterday dropped to their lowest in the past seven trading days on concerns that the world’s No. 2 contract laptop computer maker would take over the North America TV market from its Japanese client Toshiba Corp. Compal shares plunged 1.7 percentFULL STORY

Water consumption surcharge might start next year

By Lauly Li

A planned surcharge on heavy water usage is expected to be implemented next year, a year earlier than the government’s original plan, as the nation faces its worst drought in a decade, the Ministry of Economic Affairs said yesterday. The ministry also said it would notFULL STORY

Survey shows almost 87 percent of employers to issue year-end bonuses

Almost 87 percent of employers in Taiwan will provide year-end bonuses to their employees, according to the results of a survey released yesterday. Citing the survey, Taipei-based 1111 Job Bank (1111人力銀行) said that 86.53 percent of the 540 polled employers said that they would issueFULL STORY

AUO shares drop after tax payment disclosure

Shares of AU Optronics Corp (AUO, 友達光電), one of Taiwan’s leading flat-panel suppliers, came under heavy pressure yesterday morning after the company on Thursday reported a higher-than-expected tax payment in the fourth quarter of last year. The decline in AUO stock also reflectedFULL STORY

NBA, Tencent expand deal

The National Basketball Association (NBA) expanded its agreement with Chinese Internet company Tencent Holdings Ltd (騰訊) to increase the league’s presence in the world’s most populous country. The deal is valued at about US$700 million, according to a person with direct knowledge of the matter. TheFULL STORY

ANALYSIS: Politics, shopping pattern shifts could curb Alibaba

Alibaba Group Holding Ltd’s (阿里巴巴) underwhelming holiday quarter performance and an escalating war of words with a powerful Chinese industry regulator highlight two major risks to its seemingly fairy-tale ascent: politics and the shift to mobile commerce. The Chinese e-commerce giant has acquired a rosy auraFULL STORY

Taiwan Business Quick Take

ENTERTAINMENT E-United mulls E-Da sale E-United Group (義聯集團) yesterday said it is in talks with Hong Kong-based Carnival Group International Holdings Ltd (嘉年華國際控股) to sell 81 percent of the shares of its E-Da Development Corp (義大開發), the firm that operates the E-Da World (義大世界) theme park inFULL STORY

Google profit dips on spending, dollar

Google Inc is ramping up spending to invest in new technologies and fend off competition on mobile devices, even as its maturing Web-advertising business posted quarterly profit and sales that fell short of estimates. Fourth-quarter profit, excluding some items, was US$6.88 per share on revenue ofFULL STORY

Apple hiring retail workers in five Chinese cities

Apple Inc, aiming to more than double its stores in China, is advertising openings for retail workers in five cities where it currently does not have any shops. The Cupertino, California-based company is recruiting store workers in Guangzhou, Shenyang, Tianjin, Nanjing and Dalian, advertisements posted onFULL STORY

Japan inflation slows down

Japanese inflation slowed again last month, official data showed yesterday, as weak consumer spending and falling energy prices challenge Tokyo’s war on deflation, hiking pressure on the Bank of Japan (BOJ) to unleash more stimulus. However, an uptick in factory output suggests that the world’s No.FULL STORY

Amazon beats predictions despite heavy investment

Amazon.com Inc surprised the market on Thursday with a quarterly profit far better than anticipated for the online giant known for pouring money into projects such as original video programs and delivery drones. “Amazon beat estimates even though Jeff Bezos is moving at a paranoid pace;FULL STORY

Denmark rate cuts continue to escalate

Even after delivering its third rate cut in 10 days, Denmark probably has not done enough to fight back investors eager to hold assets in the Scandinavian currency. Svenska Handelsbanken AB, Danske Bank A/S and BNP Paribas SA all said the central bank in Copenhagen mightFULL STORY

World Business Quick Take

SPAIN Economy grows 1.4 percent The nation’s recovering economy grew by 1.4 percent last year, provisional official data showed yesterday, after shrinking by 1.2 percent in the previous year, but remains plagued by mass unemployment. It is the first time there has been full-year economic growth sinceFULL STORY

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