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February, 27, 2017

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Business
State-run oil giant taps China's vast geothermal reserves
Chinese state-run energy giant Sinopec has drilled hundreds of wells across the country without finding a single drop of oil. But that was precisely the point: instead of black gold, the almost mile deep holes are providing clean heat for local homes.
 > China
 
China calls for greater bourse regulation
China needs to do more to stop risky behavior in its stock market, a regulator said Sunday, following a 2015 collapse in share prices and complaints investors are engaged in a dangerous new round of speculative buying.
 > China
 
Samsung delays its new phone, and showcases tablets instead
Samsung's product showcase Sunday is notable for what's missing: a new flagship phone.
 
The United States has rekindled interest in ultra-long-term debt, including possibly a rare century bond, to lock in the current very low borrowing rates.
 
Mexico's foreign minister has warned the United States that his country will impose tariffs on U.S. products if U.S. President Donald Trump taxes Mexican imports to finance a border wall.
 
Increased Chinese spending on housing and hopes of an infrastructure bonanza in the U.S. and India are driving a recovery in resources giants, analysts said, with major miners raking in huge profits.
 
Why can't young people stay in a job?
Vin sometimes eats dogfood for money -- but that's not the only way he differs from your average millennial.
 > Taiwan
 
LED-maker Lite-On breaks net profit record
LED manufacturer Lite-On Technology posted a record net profit of NT$9.42 billion last year, company officials said during an earnings conference on Friday.
 
UPS tests residential delivery via drone launched from truck
UPS announced on Feb. 22 that it had successfully tested a drone that launches from the top of a UPS package car, autonomously delivers a package to a home and then returns to the vehicle while the delivery driver continues along the route to make a separate delivery.
 
Taiflex Scientific Co., Ltd. (8039-TW), a provider of flexible copper-clad laminate (FCCL) for upstream clients and a manufacturer of solar backing sheets, has received an operating license for a new factory in Kaohsiung. The company is expected to spend NT$600 million in capital expenditures this year. However, given its reservations regarding the continued high potential of the mobile phone market, it will not be expanding its FCCL production line.
 
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