Current Affairs Global - 16 January 2014

1. China bagged a healthy USD 117.59 billion in Foreign Direct Investment (FDI) in 2013, after registering negative growth in previous year 2012. FDI in China increased 5.25% year on year in 2013 compared to 3.7% drop in 2012. In December 2013 alone, FDI inflow rose 3.3% from a year earlier to USD 12.08 billion. FDI in the service sector rose 14.15% in 2013 to reach USD 61.45 billion while FDI in the manufacturing sector dropped 6.78% to USD 45.56 billion.

2. Henrique de Castro, the chief operating officer of Yahoo, will leave the company on Thursday, Yahoo announced yesterday in a report to the US Securities and Exchange Commission. He was responsible for managing Yahoo-s sales, operations, media and business development worldwide. Mayer recruited him in 2012 shortly after she left Google to take the helm at Yahoo. No reason was given for his the abrupt departure of de Castro.

3. American professional golfer Jimmy Walker won the Sony Open golf tournament held in Hawaii this week. This was his second PGA Tour title. His first PGA Tour title came in October 2013 when he won the Open, the first tournament of the new wraparound season. Walker closed with 7-under 63 for a one shot victory over his compatriot Chris Kirk who was placed second. As a result, he won 1.08 million dollars in prize money.