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February, 22, 2017

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Business > Asia
The question of whether the local equity market will continue its strong showing in 2017 depends on the actions of foreign institutional investors, analysts said Monday.
 
India's Modi defends decision to demonetize high-value bills
Indian Prime Minister Narendra Modi defended his government's decision to demonetize the country's highest-value currency bills last month in an unusual New Year's Eve message to the nation Saturday.
 
Long gas lines, soaring prices cast pall over holiday season in Mexico; no fix on the horizon
The holiday season has been a little less merry for car owners in Mexico as gasoline shortages in many parts of the country have forced grumbling customers to contend with hourslong lines.
 
India cash overhaul benefits elusive as deadline passes
Fifty days ago, India yanked most of its currency from circulation without warning, jolting the economy and leaving most citizens scrambling for cash. As the deadline for exchanging the devalued 500- and 1,000-rupee notes for new ones hits Friday, many Indians are still stuck waiting in long bank lines.
 
Disney has won a copyright dispute over a Chinese knockoff of its animated movie Cars, a China court said Friday, a rare victory for a foreign firm in a country famous for counterfeits.
 
The local manufacturing sector flashed a yellow-blue light in November for the second consecutive month, improving from a blue light recorded in September, on the back of a recovery in global demand, the Taiwan Institute of Economic Research (TIER) said Friday.
 
Last call for fish
Japanese currencies lay in a basket at a shop at the Tsukiji fish market in Tokyo on Friday, Dec. 30.
 
Singapore sovereign wealth fund GIC will pay close to US$60 million for a 50 percent stake in a leisure and dining development in Britain, a joint statement said on Friday.
 
Honey co-ops in Afghanistan help women take control
"I make my money for me," declares Afghan beekeeper Jamila pointing emphatically at her chest.
 
S. Korea lowers economic growth forecast to 2.6%
South Korea revised down its 2017 growth outlook on Thursday, citing increased uncertainties in the United States and a sagging recovery in domestic consumption.
 
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