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Chipmaker TSMC’s profit bigger than expected

TAIPEI: Taiwan Semiconductor Manufacturing Co (TSMC) projected quarterly revenue well above analysts’ estimates, underscoring hopes that the rollout of fifth-generation enabled smartphones in 2020 will galvanise growth for Apple Inc’s main chipmaker.

Confusion over insurance opening in US-China deal

BEIJING: A trade pact opening up China’s insurance sector to US firms has caused confusion among lawyers in the Asian nation.