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Monday, December 22, 2014
Oil-rich Arab Gulf countries on Sunday blamed “irresponsible” non-OPEC producers for a plunge in global crude prices, but voiced confidence that markets would rebound.
Sentiment toward the local economy has improved in December as the Nov. 29 local elections and a Cabinet reshuffle following the ruling Kuomintang's crushing defeat ended a period of political uncertainty, a survey showed Friday.
 > Taiwan
For Russia's economy, worst is yet to come
Deep recession, skyrocketing prices and a fragile banking system: although the ruble seems to have stabilized after its abysmal drop this past week, Russia still faces the heavy consequences of the turbulence.
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A majority of manufacturers in a newly released survey felt overall operations were better this year than in 2013 even though revenue growth, capital expenditure and capacity utilization did not meet expectations in the second half of the year, the results of the survey showed Wednesday.
 > Taiwan
Saudi minister 'confident' oil prices are going to improve
Saudi Oil Minister Ali al-Naimi said Sunday he was confident world prices would improve after a slide he blamed partly on “lack of cooperation” by producers outside the OPEC cartel.
J.P. Morgan Securities has downgraded key iPhone supply chain stocks and suggested that investors shift their focus to other suppliers of lower-volume products like Apple Watch and MacBook laptops.
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Wall Street eyes Uber, Airbnb after hot 2014 for IPOs
Wall Street in 2014 enjoyed its best year for initial public offerings since 2000, thanks to the record-setting flotation of Chinese Internet giant Alibaba and a barrage of biotech deals.
In the dogfight over posh airline food, the sky's the limit
Michelin-star food and vintage champagne: airlines are pulling out all the stops to cater to their first-class passengers' tastes, as they seek a larger slice of the highly profitable market.
China's wealth finds home in Washington state real estate buys
Savvy Seattle-area real estate agents have gained an advantage by paying attention to the growing connections between China and Washington state.
The Indonesian capital — a chaotic metropolis with shaky Internet access — is hoping to turn its fortunes around with an ambitious online platform that allows residents to report problems, from crime to traffic jams, with their smartphones.
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