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Koo wants to keep lower day-trading tax

By Ted Chen

Financial Supervisory Commission (FSC) Chairman Wellington Koo (顧立雄) yesterday voiced support for the extending the day-trading tax cut, saying that the measure has helped boost turnover on the local stock market. The day-trading tax was halved on April 28 from 0.003 percent to 0.0015 percent. TheFULL STORY

Export orders rise for 13th straight month

By Lauly Li

Growth in export orders last month extended to a 13th consecutive month of annual increases, up 7.5 percent to US$40.78 billion, beating the Ministry of Economic Affairs’ forecast, the ministry said yesterday. The growth was driven by orders for flat panels and products of traditionalFULL STORY

Taiwater drops rate hike proposal

By Lauly Li

Taiwan Water Corp (Taiwater, 台灣自來水) yesterday said it has canceled a plan to propose a rate hike to the Ministry of Economic Affairs before the end of this month, adding that it would not propose a hike next year either. “It is definite that weFULL STORY

Luxgen offers first subcompact crossover SUV

By Kuo Chia-erh

Luxgen Motor Co Ltd (納智捷) yesterday launched its first subcompact crossover SUV model. Luxgen — a Yulon Motor Co (裕隆汽車) brand — said that new model U5 is equipped with augmented-reality (AR) technology and has six camera lenses to help eliminate blind spots. “The U5’s safety equipmentFULL STORY

Temasek takes the lead in US$300m Gogoro investment

Gogoro Inc (睿能創意), an electric scooter-maker backed by Panasonic Corp, raised US$300 million from Singapore’s Temasek Holdings Pte and other investors to pay for expansion and research and development. Generation Investment Management LLP, cofounded by former US vice president Al Gore, Japan’s Sumitomo Corp and FrenchFULL STORY

Innolux to expand production of 18:9 aspect ratio displays for China market

By Lisa Wang

Innolux Corp (群創) yesterday announced that it would expand its capacities for smartphone displays with 18:9 aspect ratio to cope with fast-growing demand from Chinese smartphone producers. Innolux is the LCD manufacturing arm of Hon Hai Precision Industry Co (鴻海精密). Chinese smartphone makers are gearing up forFULL STORY

Hitachi Metals alleges Chinese thefts

Hitachi Metals Ltd on Tuesday filed a complaint with the US International Trade Commission, claiming Chinese manufacturers stole secret processes for making amorphous metal ribbon that is lighter and stronger than traditional steel. China’s Advanced Technology & Materials Co (AT&M, 安泰科技) and related companies ramped upFULL STORY

Airbus opens completion center in Tianjin

Airbus SE yesterday inaugurated its first completion center for large aircraft in China, a new asset for the European manufacturer in heated competition with US rival Boeing Co. China is one of the Western manufacturers’ key battlegrounds, with its travelers taking to the skies in ever-growingFULL STORY

Toshiba picks Bain for chipmaker

Toshiba Corp’s board has agreed to sell its chip unit to a group led by Bain Capital, with the assurance that the buyout firm will complete a deal regardless of legal challenges from Western Digital Corp, according to people familiar with the matter. The Bain consortiumFULL STORY

ThyssenKrupp, Tata reach steel deal

German heavy industry giant ThyssenKrupp AG and Indian group Tata yesterday agreed to merge their steel operations in Europe, sending governments and unions scrambling to ward off job cuts. Once the deal is finalized next year, the two groups aim for efficiency savings of betweenFULL STORY

B&N Bank seeking bailout from Russian central bank

The owner of Russia’s 12th-biggest lender by assets, B&N Bank, has asked the central bank for a bailout, the regulator said yesterday, three weeks after another leading Russian bank had to be rescued. The central bank, in an e-mailed statement, said B&N Bank’s owners, a holdingFULL STORY

Australian court delays merger of gambling giants

An Australian court yesterday dealt a blow to a planned A$8.6 billion (US$6.9 billion) merger of gambling giants Tabcorp Holdings Ltd and Tatts Group Ltd, ordering a review of the deal following competition concerns. Tatts and Tabcorp have for years pursued the idea of closer tiesFULL STORY

World Business Quick Take

TRADE Japan logs export surplus Japan yesterday said it had logged a surplus of ¥113.6 billion (US$1 billion) last month as exports rose 18 percent year-on-year on brisk shipments of automobiles and electronic parts. The figure was much lower than market expectations of a ¥356.7 billion surplus.FULL STORY

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