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December, 3, 2016

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Business > Asia
Taiwan-based Hon Hai Precision Industry Co. (鴻海), an assembler of iPhones and iPads, reported an improvement in its profit margin for the third quarter compared with the previous three-month period, largely due to the launch of the latest iPhones by Apple Inc.
 
India ATM reset to take 'weeks': minister
India's cash machines will take several weeks to reset with new bills, India's finance minister said Saturday, as public anger mounted over a decision to pull the highest denomination notes from circulation.
 
Malaysia's economy expanded at a better-than-forecast pace in the third quarter, snapping five straight quarters of slowing, the central bank said on Friday.
 
The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.212 to close at NT$31.801 as foreign investors moved their funds out of the region, sparking selling in the local currency, dealers said.
 
South Korea left its key interest rate unchanged Friday, with markets unnerved by political turmoil at home and global uncertainty following the shock result of the U.S. presidential election.
 
TAIPEI, TAIWAN (November 10, 2016) Acer today announced that it has pledged to invest US$ 10 million in the IMAX VR Content Fund, which will support the development of high-quality and immersive VR content.
 
Delivering one of India's biggest-ever economic upsets, Prime Minister Narendra Modi this week declared the bulk of 500 and 1,000 rupee notes no longer held any value and told anyone holding those bills to take them to banks.
 
India, powered by maize
Indian farmer dries maize on a highway side road in Thoopran Mandal in Medak District, some 60 kilometers from Hyderabad on Thursday, Nov. 10. Agriculture plays a vital role in India's economy. Over 58 percent of the rural households depend on agriculture as their principal means of livelihood.
 
The U.S. dollar rose against the Taiwan dollar Thursday, gaining NT$0.130 to close at NT$31.589 amid worries that rising protectionism in the United States after Donald Trump's election victory will impact exports by economies in the region, dealers said.
 
India tries to stem panic after notes withdrawn
India's government tried to quell the panic Wednesday caused by a bombshell decision to withdraw 500 and 1,000 rupee notes from circulation after cash machines ran dry and shares slid.
 
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