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April, 30, 2016

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Business
British energy producer BP saw its first-quarter earnings slump by 79 percent as lower gas and oil prices continued to take their toll.
 
London boasts largest No. of billionaires: rich list
London has more billionaires -- measured in pounds sterling -- than any other city in the world, according to The Sunday Times newspaper's Rich List 2016.
 
Think tank cuts forecast for national 2016 GDP growth to 1.27 percent
The Taiwan Institute of Economic Research (TIER), one of the leading think tanks in the country, on Monday lowered its growth forecast for Taiwan's 2016 gross domestic product (GDP) to 1.27 percent, citing a slow global economic recovery.
 > Taiwan
 
Global carmakers see rising competition in mainland China
Global carmakers gathered in Beijing on Monday to show off their wares as competition intensifies and growth slows in the world's biggest auto market, with the key SUV and new energy vehicle sectors the focus of attention.
 > China
 
BHS, the owner of department stores across the UK, has called in outside help to rescue the struggling firm from potential closure and the loss of around 11,000 jobs, administrators said Monday.
 
Newspaper publisher Gannett said Monday that it wants to buy rival Tribune Publishing for more than US$388 million, in a deal that would give the owner of USA Today control of the Los Angeles Times, the Chicago Tribune and several other newspapers.
 
Dunlop Tires announced a recall of its SP TOURING T1 tire products, offering free replacement and installation for customers owning the tires.
 
Camera lens-maker Largan Precision Co. (大立光) announced Monday that it will pay a divided of NT$63.5 per share, which is a record high for Taiwan's listed companies.
 > Taiwan
 
Shares in Taiwan staged a mild rebound Monday from a session earlier, as buying rotated to the financial sector and select old economy stocks, but turnover still fell to a new low for this year, dealers said.
 > Taiwan
 
The U.S. dollar rose against the New Taiwan dollar Monday, gaining NT$0.031 to close at NT$32.361 after a quiet session ahead of conclusions to be reached by the central banks of the United States and Japan in their policymaking meetings set for later in the week, dealers said.
 > Taiwan
 
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