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May, 5, 2016

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Business
Gretel de la Rosa, a budding Cuban businesswoman, had been in Mexico City for just a few hours, but she already had stuffed three bags with fabric for her shop back home.
 
New gov't energy targets 'very, very, very' challenging
Premier Simon Chang (張善政) said yesterday it would prove "very, very, very challenging" for President-elect Tsai Ing-wen to meet the renewable energy targets she set during the presidential campaign.
 > Taiwan
 
Gucci warns HK shops selling paper replica offerings not to resemble brand
Luxury fashion brand Gucci has warned Hong Kong shops selling paper handbags and other goods as offerings for the dead not to market items resembling their products.
 
China Eastern Airlines to buy 35 planes from Airbus and Boeing
One of China's top airlines will split US$10 billion of new orders between European manufacturer Airbus and U.S.-based Boeing, it said, as competition heats up for aviation market share in the world's second-largest economy.
 
Comcast buying DreamWorks for US$3.55 bil.
Comcast is buying DreamWorks Animation, the film company behind the "Shrek," "Madagascar" and "Kung Fu Panda" franchises, for approximately US$3.55 billion, strengthening its presence in the important and growing business of children's entertainment.
 
The U.S. dollar rose against the New Taiwan dollar Friday, gaining NT$0.002 to close at the day's high of NT$32.281 as intervention by Taiwan's central bank helped the U.S. currency recoup its earlier losses, dealers said.
 > Taiwan
 
U.S. energy giant ExxonMobil reported Friday that first-quarter earnings dived 63 percent to US$1.8 billion due to plunging oil prices.
 
U.S. biotech company Medivation rejected an unsolicited US$9.3 billion bid from French pharmaceuticals giant Sanofi Friday, saying the offer "substantially undervalues" the company.
 
Shares in Taiwan took another beating, falling more than 1 percent to end below 8,400 points Friday after a plunge seen a session earlier as investors were motivated by steep declines on Wall Street overnight to unload large-cap stocks, dealers said.
 > Taiwan
 
Domestic gasoline and diesel prices are expected to move higher next week as international crude oil prices have been rebounding amid a weaker U.S. dollar, market sources said Friday.
 > Taiwan
 
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