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December, 6, 2016

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Business > Asia
Hong Kong-Shenzhen bourse link off to poor start
A long-delayed trading link between the exchanges of Hong Kong and Shenzhen in China made a disappointing debut Monday, with markets on both sides of the border ending lower.
 
China market embraces Christmas
A woman and a child pose for a souvenir photo near a Christmas lights decoration on display outside an office building in Beijing, Thursday, Dec. 1. Although Christmas is not traditionally celebrated in China, a growing number of businesses are trying to whirl up some holiday spirit -- and shopping.
 
India said old notes would no longer be accepted at gas stations after Friday, fueling anger over the scrapping of high denomination bills that has caused an unprecedented cash crunch.
 
Singapore's financial regulator said Friday it has fined two British banks and barred a former Goldman Sachs banker in a widening crackdown on money laundering linked to Malaysian state fund 1MDB.
 
Taiwanese artificial intelligence (AI) startup Appier (沛星互動科技) announced Thursday it had received NT$620 million (US$19.5 million) in foreign funding from its recent Series B round of fundraising.
 
Manufacturing activity in Taiwan expanded for the ninth consecutive month in November on the back of a recovery in global demand, giving a boost to the export-oriented sector, the Chung-Hua Institution for Economic Research (CIER, 中經院) said on Thursday.
 
TSMC: the museum
A man walks into the new TSMC Museum of Innovation (台積創新館) on Thursday, Dec. 1. The museum, which took two years to build, will celebrate the history, innovation and impact of the world's largest contract chip-maker Taiwan Semiconductor Manufactory Co. (TSMC, 台積電).
 
India cash ban slims down big fat weddings
Jatin Pal's wedding was just days away and his family were finalising plans for an extravagant multi-day celebration -- then Indian Prime Minister Narendra Modi banned high denomination notes overnight, casting a dark shadow over the festivities.
 
Japan's factory output ticked up in October, expanding for the third month in a row, government data showed Wednesday.
 
The Taiwan Institute of Economic Research (TIER, 台經院), one of Taiwan's leading think tanks, said Wednesday that it has upgraded a forecast of the local manufacturing sector for 2016, at a time when the country's exports and industrial production have shown signs of improving.
 
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