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PMI shows 17th month of expansion

By Amy Su

Last month, manufacturing activity expanded for the 17th consecutive month, a report released by the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. It is an indication that the nation’s manufacturers have high expectations for growth over the next six months,. The official purchasing managers’FULL STORY

Home prices in decline as outlook dims: survey

By Crystal Hsu

New home prices saw modest slides in most parts of the nation last quarter, though developers and builders put more projects on the market amid fears that a construction cap to be imposed next year would limit business, a survey by Cathay Real Estate DevelopmentFULL STORY

Winbond set to increase capex to NT$13.8 billion

By Kevin Chen

Local memory chipmaker Winbond Electronics Corp (華邦電) yesterday said it had decided to increase its capital expenditure (capex) by 30 percent to NT$13.8 billion (US$458.9 million) for this year, mainly to expand its capacity. The Hsinchu-based company had planned to increase its effective capacity fromFULL STORY

BlackBerry Messenger is enabled on Windows phones

BlackBerry Ltd said on Thursday its popular messaging system BBM, or BlackBerry Messenger, would now be open to those using the Windows phone platform, a move that potentially makes the messaging service more appealing to its enterprise clients. BlackBerry, which is seeking to reinvent itself asFULL STORY

Global Life drops plan to up its capital

By Crystal Hsu

Global Life Insurance Co (國寶人壽) said yesterday it is halting its investment in the funeral business and strengthening its communications with the financial regulator over its plan to increase its capital. The move came a day after the Financial Supervisory Commission rejected the insurer’s financial improvementFULL STORY

Parade bullish on Q3 IC sales

By Kevin Chen

Parade Technologies Ltd (譜瑞), a leading video display and interface IC supplier, is expecting sales to rise to between US$57.5 million and US$62.5 million this quarter, compared with last quarter’s US$46.85 million. The sales guidance estimates increases of 22.73 percent to 33.4 percent from last quarter,FULL STORY

Wall Street wobble sees local shares trend lower

Shares prices trended lower on the local bourse yesterday as investors were affected by a plunge on Wall Street overnight amid concerns over Argentina’s latest debt default and the financial problems of a leading Portuguese bank, dealers said. While the bellwether electronics sector’s weakness continued yesterday,FULL STORY

HKMA buys greenback to maintain HK dollar peg

Hong Kong’s de facto central bank bought US$2.07 billion this week to stop the local currency from strengthening beyond its 31-year-old peg to the greenback. Share listings, dividends, and mergers and acquisitions are driving demand, the Hong Kong Monetary Authority (HKMA) said. “Besides technical reasons due toFULL STORY

Taiwan Business Quick Take

Gas prices remain unchanged State-run refiner CPC Corp, Taiwan (CPC, 台灣中油) yesterday announced no price changes for liquefied petroleum gas (LPG) and liquefied natural gas (LNG) this month, in line with the government’s move to stabilize consumer prices, according to a press release. As a result, theFULL STORY

China’s factories bounce back to life

Activity in China’s huge factory sector expanded at the fastest pace in 27 months last month, while industry surveys across Asia showed a pick-up in export orders that hinted at a long-awaited revival in global trade. China’s official manufacturing purchasing managers’ index (PMI) rose to 51.7FULL STORY

WTO fails to agree terms of key trade deal

The WTO on Thursday said its 160 members had failed to agree a landmark global customs pact in a move the US said left the body on “uncertain new ground.” “We have not been able to find a solution that would allow us to bridge theFULL STORY

Iliad of France makes a surprise bid for T-Mobile

T-Mobile US Inc, the most eligible company in the US wireless industry, has another suitor on its hands. Upstart French telecom company Iliad SA on Thursday said it has offered US$15 billion for a majority stake. Iliad is injecting itself into the courtship of T-Mobile, theFULL STORY

Tesla, Panasonic plan to build US battery factory

Tesla Motors Inc announced on Thursday that it had reached an agreement with Panasonic Corp to build a large-scale battery plant in the US. Hours after the deal, Tesla said its losses grew in the second quarter to nearly US$62 million, or US$0.50 a share,FULL STORY

Shares of LinkedIn surge as Q2 report beats expectations

Shares of LinkedIn Corp jumped on Thursday after the professional networking service reported a loss in the second quarter, but still topped analysts’ expectations. The results come on the heels of better-than-expected quarterly reports from Twitter Inc and Facebook Inc that increased investor interest in socialFULL STORY

World Business Quick Take

MANUFACTURING Eurozone growth slows Eurozone manufacturing growth failed to accelerate as expected last month despite factories barely raising prices, as growing tensions in Ukraine weighed on sentiment, a survey showed yesterday. Markit’s final Manufacturing Purchasing Managers’ Index (PMI) for last month came in at 51.8, matching June’sFULL STORY

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