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June, 28, 2016

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Business
Oil climbed in Asia Wednesday after U.S. Federal Reserve boss Janet Yellen's cautious remarks on the U.S. economy weakened the U.S. dollar and traders nervously await Britain's vote on its future in the European Union.
 
Mobile phones and rising connectivity in Africa will give rise to a new market in mobile financial services, creating explosive opportunities for business on the continent, research has found.
 
Mitsubishi Motors on Wednesday warned it is on track to lose 145 billion yen (US$1.4 billion) this fiscal year in the wake of a mileage-cheating scandal that slammed the brakes on sales.
 
RoboHon says 'Hai'
RoboHon, Sharp's robot smart phone, is displayed along with other new products by the Japanese vendor, at Hon Hai Precision Industry's shareholders' meeting in New Taipei City on Wednesday, June 22. Hon Hai signed a US$3.5 billion deal to take over Sharp.
 > Taiwan
 
Uni-President gets new president
Uni-President Chairman Lo Chih-Hsien, center, greets reporters waiting outside the company headquarters for an answer to speculation that he would step down as the food giant's president. Lo, 60, ........
 
Lennar ramps up construction, prices in second quarter
Lennar delivered more homes and at higher prices during its second quarter, exceeding expectations that Wall Street had for the nation's second-largest homebuilder.
 
Gov't solicits private investment of NT$130 bil.
Government agencies are soliciting an estimated NT$130 billion in investment from the private sector from now to mid-2017.
 > Taiwan
 
Oil prices hit reverse Tuesday, snapping two days of gains as dealers awaited this week's U.S. crude inventories data and Britain's critical in-out EU membership referendum.
 
Britain's looming referendum on EU membership will pose a severe challenge to financial markets in the coming days, the head of Germany's biggest lender Deutsche Bank said on Tuesday, urging central banks to stand ready to intervene if necessary.
 
Cathay Financial Holding Co. on Tuesday lowered its growth forecast for Taiwan's 2016 gross domestic product (GDP) from 1.6 percent to 0.8 percent, citing weak exports and shrinking investments.
 > Taiwan
 
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