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September, 25, 2016

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Lines form as iPhone 7 sales begin in Taiwan
Thousands of consumers lined up in front of authorized Apple resellers to purchase an iPhone 7 as sales began in Taiwan on Friday.
 
US average 30-year mortgage rate jumps to highest level since June
Long-term U.S. mortgage rates rose this week, with the benchmark 30-year loan reaching its highest level since June. Rates remain at historically low levels, however.
 
Singapore court grants reprieve to Hanjin
Singapore's High Court has granted a temporary reprieve to troubled South Korean giant Hanjin, allowing its ships to sail into the city-state without fear of being impounded as it struggles to settle a US$5.37-billion debt.
 
Apple, Samsung struggle in face of Chinese competition
The global launch of the iPhone 7 on Friday is crucial to Apple's fortunes in China, but both it and its biggest rival Samsung, hit by a recall over exploding batteries, are struggling in the face of upstart local competitors.
 
Can Volkswagen leave its emissions scandal behind?
One year ago, Volkswagen's cheating on emissions tests for millions of its diesel cars erupted into public view, leaving the mammoth carmaker battling an unprecedented crisis.
 
Deutsche Bank shares plunge amid legal dispute
Shares in Deutsche Bank AG plunged Friday after the revelation that the U.S. Department of Justice is seeking US$14 billion to settle civil claims over its handing of residential mortgage-backed securities.
 
Despite fears over data security following the recent First Bank (第一銀行) ATM heist, the Financial Supervisory Commission (FSC, 金管會) said the implementation of interbank cardless cash withdrawal, set to launch by the end of the year, will go ahead as scheduled.
 
European stocks markets retreated on Friday, with shares in Deutsche Bank slumping as U.S. authorities hunted down Germany's biggest lender over a record fine.
 
U.S. safety regulators announced a formal recall of Samsung's Galaxy Note 7 smartphone Thursday after a spate of fires led to injuries and property damage -- along with a global marketing headache for the South Korean tech giant.
 
The dollar extended losses on Friday in Asia as investors bet against a September Federal Reserve interest rate hike following another weak batch of U.S. data.
 > Japan
 
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