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| China court sentences 23 people to jail for smuggling fuel | | | BEIJING (Reuters) - An court in eastern China has sentenced 23 people to jail of up to 15 years for smuggling refined fuel, state news agency Xinhua reported on Friday. They were found to have smuggled more than 35,000 tonnes of refined oil since 2013, and authorities confiscated two oil tankers, Xinhua citied the customs administration of Nanjing city as saying. China has stepped up efforts to crack down on fuel smuggling, which has increased after authorities raised consumption taxes on oil products in 2014, creating gaps between prices abroad and at home. ... |
| India's cash crunch making some in Modi's party anxious | |  By Rupam Jain NEW DELHI (Reuters) - Cash shortages weeks after Prime Minister Narendra Modi's decision to abolish large currency notes are making allies and members of his ruling party anxious, with some distancing themselves from the move ahead of a series of state elections. Modi removed 500 and 1,000 rupee notes, worth around $7.50 and $15 respectively, on Nov. 8, billing it as an attempt to root out corruption, end terror financing and move the country into the age of digital payments. Nearly 90 percent of transactions in India used to be in cash.
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| INSIGHT - How ties to an 'equestrian princess' landed Samsung at center of a scandal | |  By Ju-min Park and Miyoung Kim SEOUL (Reuters) - Samsung Electronics Co's sponsorship of the equestrian-athlete daughter of a long-time friend of President Park Geun-hye has helped to land South Korea's top company in the center of the country's influence-peddling scandal. Samsung agreed last year to pay $18 million to Core Sports International GmbH, a consulting firm controlled by Park's friend Choi Soon-sil, who is in jail and faces charges of abuse of power and fraud in a criminal trial that began this month. A South Korean court has also issued an arrest warrant for Choi's Germany-based horse-riding daughter, 20-year-old Chung Yoo-ra – who has been the main beneficiary of the sponsorship – for alleged criminal interference related to her academic record, and other unspecified charges.
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| Sorin Grindeanu named as Romania's prime minister designate | |  BUCHAREST (Reuters) - Romania's President named Sorin Grindeanu from the ruling leftist Social Democrat Party (PSD) as prime minister designate on Friday, his office said. Grindeanu, a 43-year-old mathematician and former deputy mayor of the western city of Timisoara, is expected to win parliament's backing as early as next week. His party won a Dec. 11 election by a wide margin and together with coalition partner ALDE, has 250 of the 465 seats in the two houses of parliament. (Reporting by Radu Marinas; Editing by Andrew Heavens)
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| China's Xinjiang sets up legal team to prosecute terror cases | |  Prosecutors in China's violence-prone far western region of Xinjiang have set up a special team to handle terror-related cases, state news agency Xinhua said on Friday. Hundreds of people have been killed in recent years in resource-rich Xinjiang, on the borders of central Asia, in violence between the Muslim Uighur people who call the region home and ethnic majority Han Chinese. China denies any repression in Xinjiang.
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| Indians line up at banks to deposit savings or see them disappear | |  Prime Minister Narendra Modi last month said 500 and 1,000 bank notes - worth a combined $256 billion and 86 percent of cash in circulation - would cease to be legal tender after Dec. 30, disrupting the lives of hundreds of millions. "I'm here to deposit a few old notes before the deadline expires," said Rakesh Kumar, queuing outside a bank in New Delhi. "But I expect the government and RBI (central bank) to quickly replenish banks and ATMs with new notes so that we can withdraw without any trouble." Only 35-40 percent of ATM machines were currently dispensing cash, according to Ramaswamy Venkatachalam, managing director, India and South Asia, Fidelity Information Services, a banking technology provider.
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| Duterte delegates Philippines into economic sweet spot but misgivings rising | |  By Neil Jerome Morales and Martin Petty MANILA (Reuters) - After six months at the helm in the Philippines, Rodrigo Duterte has been touting just two achievements of his presidency - a vicious war on drugs and a surprise alliance with his country's bitter rival, China. Advisers say Duterte's economic successes come from using a strategy he honed as the long-time mayor of Davao City at a national level. By his own admission, Duterte says he is no expert on the economy and leaves it to "the bright guys" in his cabinet.
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| Turkey detains 30 Islamic State suspects in Adana - Dogan agency | | | Turkish police detained 30 people suspected of links to Islamic State in the southern province of Adana, the Dogan news agency reported on Friday, as clashes between Turkish soldiers and the jihadist group intensified in northern Syria. It said the suspects were taken to Adana police headquarters after routine health checks. Turkey launched a military incursion into Syria on Aug. 24 in support of Syrian rebels to try to drive Islamic State away from the border area, and has frequently carried out raids on suspected jihadist safe-houses in Istanbul and other cities. |
| Turkish parliamentary commission approves constitutional change draft law | |  The Turkish parliament's constitutional commission approved a draft constitutional reform law on Friday, paving the way for the general assembly to debate a bill expanding the president's powers, parliamentary sources said. After a parliamentary vote, Turkey is set to hold a referendum on the changes by spring, a move that would enable President Tayyip Erdogan to acquire the executive presidency he has long sought. Erdogan has turned a largely ceremonial presidency into a powerful platform by drawing on his unrivalled popularity.
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