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September’s jobless rate falls to 3.96%

By Amy Su

The unemployment rate fell to 3.96 percent last month from 4.08 percent in August, a 0.28 percentage point decrease from the level recorded in September last year, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday. Last month’s figure represents the lowest level posted forFULL STORY

Solar panel manufacturer says outlook is improving

By Lauly Li

Green Energy Technology Inc (綠能科技), the nation’s top solar wafer producer, yesterday said the business outlook for the solar energy industry is better this quarter than last quarter because of gradually increasing demand in China. By 2016, demand for silicon wafers is expected to be greaterFULL STORY

Gas station owners demand higher margin from CPC

By Lauly Li

Hundreds of private gas station operators yesterday protested outside compounds belonging to CPC Corp, Taiwan (CPC, 台灣中油) and the Ministry of Economic Affairs, demanding higher margins from selling the state-owned refiner’s products. The protesters said they have experienced constrained margins since 2011, when CPC began cancelingFULL STORY

Cathay Real Estate announces plans to extend reach into healthcare market

By Crystal Hsu

Cathay Real Estate Development Co (國泰建設) yesterday announced plans to further tap the healthcare market, which it said is growing rapidly thanks to the nation’s increasing health consciousness and aging population. The healthcare sector is one of the world’s largest industries, consuming more than 10 percentFULL STORY

Switzerland top expat destination: poll

Switzerland is expatriates’ favorite destination in the world, followed by Singapore and China, a poll on quality of life for HSBC Holdings PLC found yesterday. “Many Switzerland-based expats mentioned the better work-life balance, availability of outdoor activities and the family-centric culture as the reasons they enjoyFULL STORY

TaiMed stock skyrockets on AIDS drug’s US status

By Camaron Kao

Shares of TaiMed Biologics Inc (中裕新藥), which manufactures drugs to treat AIDS, soared 12.93 percent yesterday after its new TMB-355 drug for intravenous injection was granted orphan drug status in the US. The company’s shares closed at NT$151.2 yesterday, outperforming the over-the-counter benchmark index, which endedFULL STORY

FEDS bargain season sales weather tainted oil storm

By Amy Su

Far Eastern Department Stores Co (FEDS, 遠東百貨) yesterday reported a more than 16 percent increase in its annual bargain season sales this year, even though domestic consumer sentiment remains muted following the adulterated cooking oil scandal. The nation’s leading retail group said that five of itsFULL STORY

Taiwan Business Briefs

ITRI sees manufacturing gloom The nation’s manufacturing output is to grow at a slower pace next year than it has this year, as four major industries are to be impacted by global economic uncertainties, the Industrial Technology Research Institute (ITRI, 工研院) forecast yesterday. The manufacturing sector’s outputFULL STORY

APEC leaders meet amid global woes

The global economic recovery is beset by “downside risks,” Chinese Vice Premier Zhang Gaoli (張高麗) told Asia-Pacific finance ministers yesterday, a day after growth in the world’s second-largest economy hit a five-year low. The meeting in Beijing of ministers from the APEC forum precedes the group’sFULL STORY

Apple warns over iCloud security

Apple Inc has posted a new security warning for users of its iCloud online storage service amid reports of a concerted effort to steal passwords and other data from people who use the popular service in China. “We’re aware of intermittent organized network attacks using insecureFULL STORY

Italy keen to take fast boat to China

Seven hundred years after Marco Polo showed how it was done, Italy is once again knocking on China’s door looking for business opportunities. This time around, the quest is for capital investment and entrepreneurial inspiration rather than the silks and spices brought home by Venice’s celebratedFULL STORY

Google makes investment in augmented reality firm

Google Inc is making a big bet on augmented reality, leading a US$542 million investment in a shadowy startup called Magic Leap Inc, based in Dania Beach, Florida. The investment, one of the largest ever made by Google, values Magic Leap at about US$2 billion, accordingFULL STORY

Daimler sale of 4% Tesla stake valued at US$780m

Daimler AG said on Tuesday it would book a US$780 million windfall from selling its 4 percent stake in rival electric-car maker Tesla Motors Inc. The stake sale comes as a surprise, even though the Stuttgart-based maker of Mercedes-Benz cars insisted that a technological cooperation agreementFULL STORY

World Business Quick Take

JAPAN Trade deficit edges up The trade deficit edged higher in last month, though exports rose more than expected as the yen weakened to a near six-year low, the Ministry of Finance said in Tokyo yesterday. Exports jumped 6.9 percent from a year earlier last month toFULL STORY

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