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October, 2, 2016

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Business > Asia
Shares in Taiwan closed little changed Thursday, as earlier gains were eroded by stiff technical resistance after the weighted index breached the 9,200-point mark, dealers said.
 
New Zealand's central bank left interest rates at a record low of 2.0 percent Thursday but warned more cuts were likely.
 
The average monthly nominal wage for the first seven months of this year fell slightly in reflection of smaller bonus payouts by employers, at a time when the local economy was slowing down, according to government statistics released Thursday.
 
Jobless rate rises to 4.08% as new graduates enter market
Taiwan's unemployment rate stood at 4.08 percent in August, up 0.06 percentage points from the previous month and 0.18 percentage points from a year earlier, government statistics showed Thursday.
 
The approved amount of foreign investment in Taiwan doubled in the period January to August this year compared with the same period in 2015, the Investment Commission under the Ministry of Economic Affairs said Tuesday.
 
Taiwan's unemployment rate stood at 4.08 percent in August, up 0.06 percentage points from the previous month and 0.18 percentage points from a year earlier, government statistics showed Thursday.
 
A former chairman of the Financial Supervisory Commission (FSC, 金管會) filed a complaint to the Control Yuan Wednesday to request a probe of Mega International Commercial Bank's (兆豐銀行) alleged money laundering.
 
Japan's exports tumbled and the country logged a surprise trade deficit in August, data showed Wednesday, reviving concerns about the economy just before the Bank of Japan wraps up a closely watched meeting.
 
The goal of the project for a light rail system serving New Taipei's Tamsui District is to upgrade Taiwan's rail industry by building trains locally for the new rail system, the city's Department of Rapid Transit Systems said Tuesday.
 
Faces of 'New Southbound'
Employees work on a production line run by a Taiwan-based firm in Thailand, Wednesday, Sept. 21. A Taiwanese investor who has run businesses in Thailand for more than 20 years said ..........
 
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