SLOWDOWN: With the property market flashing a `yellow-blue' light for two straight quarters, an expert advised buyers to exercise more caution when making decisions
By Jerry Lin
The real estate market continued to suffer from a downturn in the third quarter, with a composite measure of the housing market showing a large drop of 1.85 percent from the previous quarter, a report by the Architecture and Building Research Institute said yesterday.

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CHANGE IN SIGHT: Despite the pessimism last month, a TIER survey showed that manufacturers were more upbeat on the economic outlook in the next six months
By Joyce Huang
A manufacturers business climate index last month dipped to its lowest level since 2003, a think tank survey released yesterday showed.

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By Joyce Huang
Cosmos Bank Taiwan (萬泰銀行) yesterday completed its recapitalization with an injection of US$900 million from SAC Private Capital Group and GE Money, a company statement said.

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By Lisa Wang
Consumer confidence weakened to a six-year low this month, dragged down by a deteriorating outlook on local stocks, durable goods and economic performance, a report said yesterday.

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Domestic stocks climbed after Chinese Nationalist Party (KMT) presidential candidate Ma Ying-jeou (馬英九) was cleared of fraud and corruption charges, enabling him to run for office and easing political uncertainty.

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The production value of the nation's shipbuilding industry is expected to amount to NT$52 billion (US$1.6 billion) this year, up 21 percent over the year-earlier level, tallies released on Thursday by the Industrial Development Bureau (IDB) showed.

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AND MORE TO COME? : Although gradually recovering from its slump, economic growth is still struggling amid a shaky global outlook and domestic housing problems
Japan yesterday reported its fastest rise in core consumer prices in almost a decade as sky-rocketing energy costs help to lift Asia's largest economy out of years of deflation.

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Mitsubishi Motors Corp, Japan's fastest-growing car exporter, signed an agreement with the Russian government granting it incentives to assemble vehicles in the country, where economic growth is boosting auto demand.

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Toyota Motor Corp plans to introduce a concept hybrid pickup truck featuring improved fuel economy and lower emissions at next year's North American International Auto Show in Detroit, the automaker said yesterday.

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Hyundai plans expansion
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