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April 24, 2017

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Say hello to the new Taiwanese
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Business > Asia
U.S. imposes anti-dumping tariffs on steel bar makers from Taiwan
The U.S. Department of Commerce (DOC) has imposed anti-dumping tariffs on steel product vendors from Taiwan, Japan and Turkey after a preliminary ruling found that those steel exporters sold their products at unfairly low prices in the U.S. market and caused damage.
 
Apple bonds listed on OTC market
Apple Inc., the U.S-based consumer electronics giant, listed US$1 billion worth of bonds on Taiwan's over-the-counter (OTC) market on Friday, according to the Taipei Exchange, which operates the local OTC market.
 
Asian markets mostly advanced Thursday, picking up the baton from record performances in New York and Europe where traders cheered upbeat U.S. economic data and Donald Trump's conciliatory speech to Congress.
 
Housing transactions soar year-on-year in February
Transactions of residential and commercial property for February in the six metropolitan areas in Taiwan soared after consolidating over the past three years, according to government statistics.
 
Australia's economy expanded at a faster-than-expected 1.1 percent annual pace in the final three months of last year, as resurgent coal and iron ore prices helped the country avoid recession.
 
Japanese factory output falls 0.8% in red flag for economy
Japan's factory output unexpectedly slipped 0.8 percent in January, the first fall in six months and the latest red flag for the world's No. 3 economy, official data showed Tuesday.
 
With the fate of Uber Taiwan in limbo, U.S. officials have reportedly tried to persuade Taiwan's government to cave and legalize the ride-sharing service.
 
Japan's share growing
A representative from the Taiwan Stock Exchange attends the IR Festa2017 event hosted by the Tokyo Stock Exchange to attract Japanese investors to invest in Taiwan on Tuesday, Feb. 28. Japanese investment in Taiwan grew to make up 2.7 percent of all foreign investments last year, a significant increase from the 1.6 percent in 2010.
 
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 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.
 
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