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March, 2, 2017

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Business > Asia
Australia central bank keeps rates on hold at record low 1.50 percent
Australia's central bank held interest rates at a record low of 1.50 percent Tuesday but soft inflation and growth figures kept the door open for future cuts.
 
Aus. curbs illegal home buying by foreigners
Australia has forced the sale of more than AU$100 million (US$76 million) worth of residential property bought illegally by foreigners since it introduced a robust investment regime, the government said Monday.
 
Where are property prices rising along the new airport MRT?
With the commercial opening of the Taoyuan International Airport MRT looming, property prices have risen modestly along some areas the line traverses, according to realtor data released Monday.
 
Beijing accused Washington of "protectionism" and violating global trade rules on Saturday, Chinese media reported, after the United States imposed hefty tariffs on certain Chinese steel imports.
 
Wistron to produce iPhones in India: report
Taiwan-based contract electronics maker Wistron Corp. (緯創) will set up a plant in India to roll out iPhones for Apple Inc., the Times of India said in a recent report.
 
Asus will 'cooperate fully' with antitrust probe
Taiwan-based tech giant Asus (華碩) said Friday that it would cooperate fully with investigations after it came under scrutiny by the European Union's regulators for a suspected breach of competition rules.
 
Global LCD TV shipments grew 1.6% in 2016, boosted by large displays demand
Global shipments of LCD TV sets, including those from Taiwan, increased 1.6 percent annually in 2016 to reach 219.2 million units, according to WitsView, a division of Taipei-based market research agency TrendForce.
 
Japanese liquid crystal display (LCD) maker Sharp recorded its first quarterly net profit in more than two years for the October-December period, reaching its declared turnaround goal earlier than planned.
 
Abe 'mulls US jobs in tech deal'
Angling to pre-empt complaints over Japan's perennial trade surplus with the U.S., Prime Minister Shinzo Abe reportedly plans to propose a sweeping economic cooperation initiative meant to create hundreds of thousands of jobs in the U.S. when he meets with President Donald Trump later this month.
 
Bullish start for TAIEX, Taiwan dollar on Year of the Rooster
First trading following the Lunar New Year holiday saw the Taiwan Capitalization Weighted Stock Index (TAIEX) climb over 50 points and the New Taiwan dollar trade higher.
 
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