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May, 28, 2016

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Business
India, Iran revive trade ties with port deal
India agreed Monday to finance the development of an Iranian port as a trading hub, as Prime Minister Narendra Modi sought to revive economic ties with Tehran after the lifting of sanctions.
 
'Bourgeois' cult of beautiful bod grows in Cuba
Inside Armando Yera's gym, toned Cubans in tight spandex are pumping iron in front of mirrored walls and pedaling furiously on stationary bikes, a scene that looks more Miami than Havana.
 
Swiss approve bank dissolution after BSI found linked to fraud
Swiss financial regulators approved Tuesday the dissolution of Lugano-based BSI Bank over its links to a corruption scandal engulfing Malaysia's Prime Minister Najib Razak.
 
Facebook has been forced to backtrack after it banned an Australian ad featuring a bikini-clad plus-sized model promoting positive body image, initially saying the photo's depiction was "undesirable."
 
Banks in Taiwan averaged 0.6 percent in return on assets (ROA), to claim the second lowest ranking in Asia, trailed only by Japan, Taiwan Ratings (中華信用評等) reported on Tuesday.
 > Taiwan
 
Asian stock markets fell in thin trading Tuesday as falling oil prices deflated energy shares, while Singapore said it was kicking out a Swiss bank linked to Malaysia's 1MDB.
 
Venezuela's minimum monthly salary is 15,051 bolivares, which a government subsidy for all workers bumps up to nearly 18,600 bolivares. But no matter how you cut it, it's barely enough to live on.
 
Bravo for Bravia!
A model presents a TV set in Sony's Bravia in Taipei, Tuesday, May 24. Sony said its latest TVs in the Bravia line may be available in Taiwan as early as June. The sleek flat-panels are Android TV systems that debut a grid-array backlighting system called Slim Backlight Drive.
 > Taiwan
 
Emerging Asian currencies, from the Malaysian ringgit to the South Korean won, weakened Tuesday as falling oil prices and a drop on regional equity markets dampened demand for riskier units.
 
Investors of ExxonMobil and Chevron vote at annual shareholder meetings Wednesday on whether the two oil giants should do more to address climate change following a historic global climate agreement.
 
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