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May, 5, 2016

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The U.S. dollar closed higher against the Taiwan dollar Wednesday, gaining NT$0.151 to close at the day's high of NT$32.365, as traders in Taiwan took cues from a pullback of the Japanese yen and other regional units to cut their holdings in the local currency, dealers said.
 > Taiwan
 
Auto sector shares took a beating Wednesday, led by Hotai Motor Co., the sales agent for Toyota Motor in Taiwan, amid concerns that a rising Japanese yen will force local car vendors to raise prices, hurting sales, dealers said.
 > Taiwan
 
A Chinese court has ruled against Apple in a case it brought against a small maker of "iphone"-branded leather goods, state media reported.
 
Google parent Alphabet on Tuesday announced that it has partnered with Fiat Chrysler in a major expansion of its fleet of self-driving vehicles.
 
Asia extended a global stock market sell-off Wednesday following sharp losses in New York and Europe as fresh fears over the global economy sparked a flight to safe investments.
 
Oil turned higher in Asia Wednesday, but the U.S. benchmark remained below US$44 a barrel as a pick-up in the U.S. dollar and rising Iranian crude production limited gains, while traders await the release of inventories later in the day.
 
The U.S. dollar rallied Wednesday after comments by two regional Fed officials stoked speculation the U.S. central bank could consider raising interest rates next month.
 
Brazilian prosecutors have filed a US$43.4 billion lawsuit against BHP Billiton and Vale over the Samarco mine dam burst that killed 19 and wreaked environmental havoc.
 
Oil company Royal Dutch Shell said first-quarter earnings plunged 58 percent as depressed crude prices create "hugely challenging times" for the energy industry.
 
Commodities giant Glencore said Wednesday it had cut its copper and zinc production in the first quarter as it struggles to rein in an abundance of supply that has sent prices plummeting.
 
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