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DGBAS lowers GDP growth forecast

By Crystal Hsu

The Directorate-General of Budget, Accounting and Statistics (DGBAS) yesterday cut its forecast for Taiwan’s GDP growth this year to 2.19 percent, from a 2.27 percent estimate in February, as exports proved weaker last quarter and private consumption failed to lend support. Poor economic data warranted theFULL STORY

Gou denies stake in Century Technology

By Natasha Li

Hon Hai Precision Industry Co (鴻海精密) chairman Terry Gou (郭台銘) yesterday said that he did not own any shares of Chinese firm Century Technology Shenzhen Co (深超光電), rejecting allegations that he has taken advantage of local display maker Innolux Corp (群創). Gou is seeking the ChineseFULL STORY

Odd-lot intraday trading could start late next year

By Kao Shih-ching

Local brokerages would be allowed to handle odd-lot intraday trading for clients from the second half of next year at the earliest, as the transaction system makes big-ticket stocks affordable for individual investors, the Financial Supervisory Commission said on Thursday. As brokerages are not required toFULL STORY

Sprint, Telstra to launch sales of HTC’s 5G device

By Natasha Li

HTC Corp (宏達電) yesterday said that its 5G mobile broadband device, the HTC 5G Hub, would later this month be available at the brick-and-mortar stores of US telecom Sprint Corp and Australia’s Telstra Corp. The ambitious crossover between a mobile hot spot and a standalone entertainmentFULL STORY

Non-cash payments to be allowed for more fee types

By Kao Shih-ching

The Financial Supervisory Commission later this year plans to allow consumers to pay six kinds of fees through electronic means at convenience stores to boost non-cash payments, Chairman Wellington Koo (顧立雄) said yesterday. Consumers are currently allowed to use only cash, credit cards or mobile paymentFULL STORY

Hotai forecasts 9% annual rise in sales due to new models

By Kwan Shin-han

Hotai Motor Co Ltd (和泰汽車), which distributes Toyota and Lexus vehicles in Taiwan, yesterday forecast that sales would this year increase about 9 percent annually to 131,000 vehicles, thanks to launches of new vehicles, including hybrid models and sports cars. Hotai said that sales of ToyotaFULL STORY

US companies paying for tariffs: IMF

Companies in the US are paying almost all the costs from US President Donald Trump’s tariffs on Chinese imports, IMF researchers said in findings that contradict the president’s assertions that China is footing the bill. IMF on Thursday said in a blogpost that researchers found “tariffFULL STORY

HPE’s trade war outlook dampens profit optimism

Hewlett Packard Enterprise Co (HPE), a maker of server computers, raised its profit forecast for the year on deeper cost-cutting measures, but lingering trade worries tempered investor optimism. Profit, excluding some items, would be US$1.62 to US$1.72 per share in fiscal 2019, an increase of US$0.06FULL STORY

FAA could certify 737 soon: sources

The US Federal Aviation Administration (FAA) expects to approve Boeing Co’s 737 MAX jet to return to service as soon as late next month, representatives of the regulator told members of the UN’s aviation agency in a private briefing on Thursday, sources told reporteres. The target,FULL STORY

Chinese airline association estimates 737 MAX grounding losses at US$579m

Losses at Chinese airlines caused by the grounding of Boeing Co’s 737 MAX fleet would reach about 4 billion yuan (US$579.4 million) by the end of next month, the China Air Transport Association said yesterday. China was the first country to ground the 737 MAX twoFULL STORY

Nomura CEO to take pay cut over information leak

Nomura Holdings Inc’s CEO is to take a pay cut to assume responsibility for improper handling of stock market information by employees, the latest setback for the struggling Japanese securities firm. Koji Nagai is to forgo 30 percent of his salary for three months, the firmFULL STORY

World Business Quick Take

AGRICULTURE Aid could influence planting The latest round of farm aid by US President Donald Trump’s administration might fail in its aim to avoid influencing US planting decisions. The US$16 billion package — offered to help producers struggling in the wake of a US-China trade war —FULL STORY

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