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Short-selling ban could be lifted

By Ted Chen

Financial Supervisory Commission (FSC) Chairman William Tseng (曾銘宗) yesterday said that the commission will not rule out lifting a ban on the short-selling of stocks at less than the previous day’s closing prices, as the local stock market is regaining strength. However, Tseng said that aFULL STORY

SPIL could attract Apple via deal: analyst

By Lisa Wang

Siliconware Precision Industries Co (SPIL, 矽品精密), the world’s No. 3 chip packager, yesterday said its strategic alliance with Hon Hai Precision Industry Co (鴻海精密) would help it expand its customer base to electronics vendors, prompting speculation that Apple Inc is on the shortlist of SPIL’sFULL STORY

Samsung lost US$44bn in market value since April

Tepid demand for Samsung Electronics Co’s newest Galaxy smartphones triggered a fifth straight monthly decline for the electronics maker, wiping out about US$44 billion in market value since April. Shares of the world’s biggest smartphone vendor slumped 8.1 percent last month, extending their longest losing streakFULL STORY

Slow GDP growth might see interest rates cut: analyst

By Crystal Hsu

The central bank might cut interest rates this month and again in December, as GDP growth disappointed and softness is spreading to domestic demand, JPMorgan Chase & Co said in a report. “We expect two rate cuts of 12.5 basis points in the second half asFULL STORY

HTC to cut 400 jobs in Taoyuan: city government

Smartphone maker HTC Corp (宏達電) is to cut 400 jobs at its Taoyuan factory by the end of next month as part of its efforts to reduce costs, the Taoyuan City Government confirmed yesterday. The layoff plan, which was sent to the local government onFULL STORY

Happiness ranking stays at same level as last year

By Crystal Hsu

Taiwan’s happiness ranking remains unchanged at 18 worldwide this year, while its overall score dropped 0.17 points to 6.76, due to growing food safety concerns and accidental deaths, the annual survey by the Directorate-General of Budget, Accounting and Statistics (DGBAS) showed yesterday. Last year, the nationFULL STORY

INTERVIEW: Taiwan’s transforming economic environment

Taipei Times: What is wrong with the economy? Kuan Chung-ming (管中閔): The nation’s economic structure has gone through significant changes since 2000, with exports gaining increasing importance to about 60 percent of GDP makeup today. The heavy dependence on exports makes Taiwan vulnerable to external shock,FULL STORY

Taiwan Business Quick Take

CHIPMAKERS TSMC shelves power idea Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s biggest contract chipmaker, yesterday said it is not considering building a power plant on its own, citing regulation problems. Company spokesperson Elizabeth Sun (孫又文) said the idea might be a future consideration. Sun’s commentsFULL STORY

China’s stocks cap worst slide since 2008

China’s stocks fell, capping the benchmark index’s biggest two-month tumble since 2008, amid concern that government intervention to prop up the market will fail. The Shanghai Composite Index dropped 0.8 percent to 3,205.99 at the close, paring a loss of as much as 3.8 percent. TheFULL STORY

Japanese factory output drop as demand slumps

Japan’s factory output contracted a worse-than-expected 0.6 percent on-month in July, official data showed yesterday, owing to lackluster demand at home and as a slowdown in China weighs on exports. The reading published by the industry ministry was weaker than the median forecast for a modestFULL STORY

Draghi inflation mastery under fire at Jackson Hole

European Central Bank (ECB) President Mario Draghi may have skipped the US Federal Reserve’s Jackson Hole symposium this year, but he can not dodge its conclusion: Central banks can not steer inflation as well as they thought. Less than six months into a stimulus program thatFULL STORY

Eni finds biggest gas field in Mediterranean off Egypt

Eni SpA discovered a “super giant” natural gas field offshore Egypt in what the Italian oil company said is the largest find in the Mediterranean Sea. The deep-water deposit in the Zohr Prospect in the Shorouk block might hold 849 cubic meters of gas, equivalent toFULL STORY

Hedge funds dump Alibaba for smaller rival, JD.com, growing twice as fast

Less than a year ago investors were scrambling to pick up shares in Alibaba Group Holding Ltd (阿里巴巴) when Asia’s largest e-commerce company made its record debut on the New York Stock Exchange. Now sentiment is changing as JD.com Inc (京東), its smaller competitor, isFULL STORY

World Business Quick Take

ECONOMY Rousseff budgets for deficit Brazilian President Dilma Rousseff is to send Congress a 2016 budget with a primary deficit after she abandoned plans to reinstate an unpopular tax to raise revenues next year, Brazilian media reported on Sunday. Rousseff’s economic team decided it was bestFULL STORY

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