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The U.S.-India Business Council (USIBC) has released a study showing huge job and revenue losses to the Indian economy as a result of piracy in India's burgeoning entertainment industry.
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India is poised to overtake the US to become the second largest mobile market in the world behind China, according to the Cellular Operators Association of India and Informa Telecoms & Media as cited by the Telecom Regulatory Authority of India.
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In 2007 China's MP3 market maintained a steady growth momentum. Total sales volume for the whole year reached 8.75 million sets, while sales revenue amounted to 4.26 billion Yuan, up by 17.0% and 2.7% over 2006, respectively.
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IDC projects that mobile phone handset shipments in the Asia-Pacific region (excluding Japan) will reach 400 million units in 2008.
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A survey conducted in March by JR Tokai Express Research cited by What Japan Thinks found that auction sites are a frequent destination for Japanese Internet users.
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More evidence yesterday of the extent of the disruption caused by the heavy snowstorms and bad weather in China in January and February. First it was inflation jumping above 7% in January (that will be updated today), yesterday it was news of a strong rise in producer prices last month, and a sharp fall in the size of the country's trade surplus.
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Markets Again Weak in Asia
added: 11-03-2008

Wall Street and European stocks were lower as oil once again touched a new record high and copper fell sharply. Wall Street was up to 1% or more lower on continuing fears about the health of major financial stocks, such as broker Bear Stearns which denied it had liquidity problems.
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Opening prices of the February IPOs were quite different than usual. Unlike other January and February IPOs since 2000, this month’s issues did not produce opening prices that were far above the offering prices. For all nine February 2008 IPOs, the average premium was only 13.3%, well below the averages for January and February IPOs in all prior years back to 2000.
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The Conference Board reports that the leading index for Japan decreased 0.4 percent and the coincident index decreased 0.2 percent in January.
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Japan's Economic Downgrade
added: 06-03-2008

The Bank of Japan will hold another meeting in Tokyo tomorrow at which a non-decision will be made to leave interest rates at the official 0.50%, meaning it will not have changed for a year.
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