Bloomberg A private gauge indicates that India’s manufacturing sector will shrink for the first time in a year as Prime Minister Narendra Modi’s unprecedented clampdown on cash hurts demand. The Nikkei India Manufacturing Purchasing Managers’ Index was at 49.6 in December, a report showed, the lowest since December 2015. A number below 50 indicates a contraction. “Shortages of money …

  Beijing / AP State broadcaster Central China Television has rebranded its international networks and digital presence under the name China Global Television Network as part of a push to consolidate its worldwide reach. CCTV unveiled several new mobile apps under the CGTN brand, and visitors to CCTV’s non-Chinese language websites are directed to a new http://www.cgtn.com site. The broadcaster …

  Bloomberg It’s clear the era of rapid growth for US auto sales is over. The industry entered 2017 with analysts projecting the first significant decline in eight years — a drop of 200,000 vehicles, about the equivalent of one factory’s production — to 17.3 million cars and light trucks. While top-earning consumers will continue to snap up luxury vehicles …