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Shui-Mu shares climb 43% on first day

By Amy Su

Shui-Mu International Co Ltd (阿瘦實業), which markets and retails own-brand footwear in Taiwan, yesterday saw its shares climb more than 40 percent on their first day of trading on the Taiwan Stock Exchange (TWSE, 台灣證券交易所). The company’s shares surged 43 percent to close at NT$57.2, fromFULL STORY

Apple suppliers to rise: Barclays

British bank Barclays PLC yesterday advised investors to hold on to their cumulative preferred stocks in Apple Inc’s supply chain in Taiwan, citing strong demand for iPhones with bigger screens. Barclays analyst Kent Chan (陳衛斌) said the bank remains upbeat on Taiwanese assemblers Hon HaiFULL STORY

President Chain to offer Muji products at 7-Eleven

By Amy Su

President Chain Store Corp (PCSC, 統一超商), which operates the nation’s largest convenience store chain, 7-Eleven, yesterday said it plans to introduce products from Muji (Taiwan) Co Ltd (台灣無印良品) in a bid to fuel growth momentum. PCSC started selling Muji products at 31 of its outlets byFULL STORY

Housing market likely to soften: Evertrust survey

By Crystal Hsu

The housing market is likely to soften next quarter with price corrections more evident in areas with large supply as the Nov. 29 nine-in-one elections of local administrators draw nearer, dampening market confidence, a quarterly survey by Evertrust Rehouse Co (永慶房屋) showed. Fifty-two percent ofFULL STORY

Mobile shoppers in Taiwan on rise: Yahoo survey

Nearly one of every two Taiwanese consumers has purchased products via mobile Web sites or apps, according to a survey released yesterday by Yahoo Inc’s Taiwan branch. The results of this year’s Yahoo Taiwan e-commerce survey show that 44.6 percent of the respondents have shoppedFULL STORY

China Development acquires Cosmos

By Crystal Hsu

China Development Financial Holding Corp (中華開發金控) yesterday carried out its deal to acquire Cosmos Bank (萬泰銀行), allowing the conglomerate to formally expand into commercial banking. The conglomerate agreed in February to buy Cosmos for NT$23.09 billion (US$759.39 million) with cash and a share-swap scheme. Cosmos Bank ceasedFULL STORY

Liposome to trial cancer drug

By Camaron Kao

Drug maker Taiwan Liposome Co (TLC, 台灣微脂體) yesterday said that it has approval from the Chinese government to begin second-phase clinical trials for its new liver cancer treatment, paving the way for the company to complete the first stage of second-phase trials early next year. TheFULL STORY

Morgan Stanley bearish on Taiwan 4G revenue growth

Morgan Stanley has forecast that the revenues of the nation’s 4G operators will drop in the coming months, amid fierce competition among the four main players to attract 4G subscribers. Two months after Taiwan launched 4G services, the revenues from that service at the nation’s topFULL STORY

Department stores expect record sales for this year

Department stores in Taipei are likely to register record high sales of NT$300 billion (US$9.97 billion) this year, due to an economic recovery and efforts by retailers to adjust operating models, the Ministry of Economic Affairs said yesterday. In the first seven months of the year,FULL STORY

Taiwan Business Briefs

Far EasTone iPhones sell out Far EasTone Telecommunications Co Ltd (遠傳電信), the nation’s No. 3 telecommunications operator, said more than 10,000 people pre-ordered Apple Inc’s new iPhone 6 and iPhone 6 Plus within 30 minutes of its online pre-order service beginning yesterday, greatly surpassing the company’sFULL STORY

Bond risks in emerging markets: BIS

International borrowing by companies in some emerging markets now matches the output of their economies, leaving bondholders more vulnerable to interest rate or currency shocks, according to the Bank for International Settlements (BIS). Borrowers from Brazil to China might need to refinance about US$90 billion nextFULL STORY

Sinopec to sell US$17.5 billion stake

State-controlled oil giant Sinopec Corp (中國石化) on Sunday unveiled a plan to sell a US$17.5 billion stake in its retail business, marking the country’s biggest privatization push since Chinese President Xi Jinping (習近平) came to power almost two years ago. The sale is a reflection ofFULL STORY

Alibaba plans to boost price of IPO

Alibaba Group Holding Ltd (阿里巴巴) plans to boost the price of its initial public offering (IPO) amid strong investor demand, people with knowledge of the matter said, potentially making it the biggest in history. China’s biggest e-commerce company plans to increase the top end of aFULL STORY

Emerging-market stocks fall on weak Chinese data

Emerging-market stocks fell for an eighth day after Chinese factory and retail sales data indicated that the world’s second-largest economy is slowing further. China Construction Bank Corp (中國建設銀行) led a gauge of Hong Kong-traded Chinese shares to a five-week low. China Petroleum & Chemical Corp (中國石化)FULL STORY

Heineken rejects proposal for takeover by SABMiller

Heineken, the Dutch brewer, on Sunday said it had rejected a takeover approach made by SABMiller, putting on ice what would have been a multibillion-dollar deal. With a valuation of about US$44 billion, Heineken is one of the last big independent brewers in the world, remainingFULL STORY

World Business Quick Take

AVIATION Lufthansa pilots to strike Pilots at Germany’s biggest airline, Lufthansa, yesterday said they would go on strike today — for the fourth time in three weeks — over changes to early retirement rules, a union said. The eight-hour walkout will go on from 9am to 5pmFULL STORY

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