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January, 21, 2017

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Business
Dow industrials turn higher after 5 straight losses
U.S. stocks moved broadly higher in morning trading Friday ahead of the presidential inauguration of Donald Trump. Phone company stocks led the gainers. Energy stocks also rose as oil prices headed higher. Investors also had their eye on the latest batch of company earnings and outlooks.
 
James Huang becomes new TAITRA chairman
Former Foreign Minister James Huang was elected chairman of the Taiwan External Trade Development Council (TAITRA) Friday.
 > Taiwan
 
China growth edges up in Q4, but '16 weakest year since 1990
China's economic growth sank to its lowest level in three decades in 2016 as Beijing braces for a trade battle with U.S. President-elect Donald Trump.
 > China
 
Sweden not giving up fight over lobster imports
Sweden isn't giving up on a long-running battle with the U.S. and Canada over lobsters that have turned up in Swedish waters.
 
European stock markets climbed Friday before Donald Trump's inauguration, with markets hoping that the U.S. president's speech will expand on his planned economic policy.
 
Sharp Corp., partially owned by Hon Hai, has sharply boosted its stakes in Japanese lens module maker Kantatsu in a bid to win iPhone orders away from Taiwan's Largan Precision, the Central News Agency (CNA) cited Japanese news media as reporting on Friday.
 
Get ready to get your game on
An "Assassin's Creed" cosplayer, left, poses with show girls at the booth of tech company HyperX at the 2017 Taipei Game Show on Friday. Jan. 17. The five-day event began Friday and will runs until Tuesday.
 > Taiwan
 
Paramount Pictures said Friday it has inked a co-financing deal with two Chinese companies for the Hollywood studio's slate of movies over the next three years.
 
Shares in Taiwan closed slightly higher on Friday amid cautious sentiment, with many investors choosing to remain on the sidelines ahead of the inauguration of U.S. President-elect Donald Trump later in the day, dealers said.
 > Taiwan
 
Uber has agreed to pay US$20 million to settle charges that the ride-sharing company exaggerated claims about driver pay and new car financing, U.S. regulators said on Thursday.
 
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