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PMI showed slight decline last month

By Crystal Hsu

The official purchasing managers’ index (PMI) declined further to 50.8 last month, from 51.1 in May, as manufacturers of basic materials, textiles and electrical equipment reported business softening, while data suggested that sentiment in some other sectors might be picking up, a Chung-Hua Institution forFULL STORY

Grade-A office vacancy rate falls

By Crystal Hsu

The vacancy rate for grade-A offices in the April-to-June quarter dropped slightly from the previous quarter, while rental rates picked up mildly with firms planning to hire new staff and improve operations, encouraged by stable economic recoveries at home and abroad, Jones Lang LaSalle TaiwanFULL STORY

Solar stocks soar on positive outlook

Solar energy stocks got a boost yesterday morning on hopes that global demand would increase this year, while product prices have shown signs of rebounding, prompting investors to buy into these stocks, dealers said. Hopes of higher demand were raised by a research report forecasting thatFULL STORY

UBS Securities cuts TAIEX target over earnings-risk fears

Swiss brokerage firm UBS Securities yesterday cut its annual target for the TAIEX for the second time in a month, reducing the figure from 10,000 to 9,750 points over concern of a possible risk to earnings. “There has been increased market volatility in Taiwan overFULL STORY

Acer eyes Taiwan sales boost on new Windows platform

Acer Inc (宏碁) has forecast high growth in its domestic revenue this quarter on the back of the launch of the Windows 10 operating system and the Taipei Computer Applications Show at the end of this month. The New Taipei City-based PC maker achieved “single-digit”FULL STORY

French firms sign billions worth of deals with China

Alcatel-Lucent SA, Engie SA, Airbus Group SE and STMicroelectronics NV as well as other French groups yesterday signed billions worth of contracts with Chinese companies as Premier Li Keqiang (李克強) ended his three-day visit to France. China Mobile Communication Corp (中國移動) and China Unicom (中國聯通) haveFULL STORY

INTERVIEW: Manufacturing to take German lead

Taipei Times: Many people are talking about “Industrie 4.0” without knowing what the term really means, so please tell us in essence what Industrie 4.0 is all about. Alfred Wang (王興毅): The term originates from Germany’s Industrie 4.0 program. The vision is seen as being soFULL STORY

Taiwan Business Quick Take

FOOD & BEVERAGE Famonn cafe chain to close Restaurant chain operator Wowprime Corp (王品集團) yesterday confirmed the closure its cafe chain Famonn Coffee (曼咖啡) this month. Wowprime spokesman Chu Shu-ting (朱書霆) was quoted by Unique Satellite TV as saying that due to Famonn Coffee’s weaker-than-expected profitability, WowprimeFULL STORY

Swedish central bank cuts rates again

Sweden’s central bank lowered its main interest rate deeper into negative levels and expanded its bond purchases to the end of the year as the turmoil in Greece raises the specter of further krona gains. The repo rate was cut to minus-0.35 percent from minus-0.25 percent,FULL STORY

Greek debt relief is contingent on reform: Lagarde

One day after Greece became the first developed economy to default on a loan with the IMF, the head of the international lender on Wednesday suggested Greece should move to reform its economy before its European creditors give it a break on its debt. In anFULL STORY

Young Greek people flee overseas as crisis deepens

What does the future look like for young people in crisis-hit Greece, where years of hardship and sky-high unemployment were followed this week by bank closures? The answer: Self-imposed exile. “I don’t see a future in Greece,” Dani Iordake said. The 21-year-old, who has self-styled tattoosFULL STORY

Shanghai index drops below 4,000

China’s Shanghai Composite Index fell below the 4,000 level for the first time since April, as margin traders continued to unwind positions amid doubts over the effectiveness of government measures to support equities. The benchmark stock index slumped 3.5 percent to 3,912.77 at the close. TheFULL STORY

Societe Generale CEO sees eurozone surviving crisis

Societe Generale SA chief executive officer (CEO) Frederic Oudea downplayed any risk of Greece’s financial crisis rippling through Europe, saying banks and the economy are in much better shape than when the issue flared up five years ago. “Whatever the scenario is at the end ofFULL STORY

World Business Quick Take

AVIATION US probes air carriers US federal prosecutors on Wednesday said they had begun an investigation into possible collusion among the airlines to limit seating, two years after the US Department of Justice approved the latest in a wave of airline mergers, saying that the combination wouldFULL STORY

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