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February, 21, 2017

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Business > Asia
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.
 
Genting Hong Kong caters to the Asian market with Star Cruises
The Asian cruise industry is booming and operators, governments and tourist boards are keen to get involved. Cruise operators are introducing more and more itineraries to the region, while authorities are developing top-of-the-range cruise terminals everywhere from Shanghai to Singapore.
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Costco, an American membership-only wholesale club, said on Thursday that it plans to offer discounts to members at the opening of its new store in New Taipei's Xinzhuang District instead of free breakfast and gifts as it did in the past.
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