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Fishermen pay price in Asia’s volatile sea rifts
MASINLOC, Philippines--Along the northwestern Philippine coast, poor children with claw hammers clamber aboard an abandoned fishing vessel to pry loose and steal rusty nails from its deck. It’s become a familiar sight in villages where some fishermen have been forced to give up their livelihoods since China took control of their fishing haven last year. Fishermen say Chinese maritime ...
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Asian equities are supported by the soft Fed comments yesterday
EUR/USD initially failed to extend the tentative short-term uptrend that started on Monday. EUR/USD tried to regain the 1.29 mark at the onset of trading in Europe. However, as was the case on Friday evening and earlier yesterday in Asia, this was a too high hurdle. EUR/USD gradually drifted south and reversed a big part of Monday's rebound. There was hardly any news. European equities ...
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The dollar edged down against the yen in early Asian trade on Wednesday
Good Morning, - EUR/USD trade to one week high above 1.29...market awaits Bernanke testimony. - Asian shares: Japan's Nikkei +1.60%, Hong Kong's Hang Seng close, Korea's Kospi +0.64%, Australia's ASX 200 -0.17% and China's Shanghai -0.12%. - ECB's Liikanen urges open mind on asset-backed securities. - St. Louis Fed President James Bullard and New York Fed President ...
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6 kids among 7 injured in south China knife attack
BEIJING (AP) -- Authorities in southern China say a mentally ill man stabbed six primary school students and an adult in the latest of several attacks on Chinese ...
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Afghan students protest womens rights decree
KABUL, Afghanistan (AP) -- Hard-line Islamist students are protesting in the Afghan capital demanding the repeal of a presidential decree for women's rights that they say is ...
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Australia set to cull 10000 wild horses
SYDNEY (AFP) - A controversial cull of up to 10,000 wild horses in Australia's harsh Outback reportedly began Wednesday in a bid to control the feral animals which officials say are destroying the land.The Central Land Council said animals -- including horses, donkeys and camels -- were dying in their thousands due to a lack of food and water and a cull was necessary on humanitarian and ...
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Weak yen a help for Japan but headache elsewhere
TOKYO -; A steady decline in the yen is proving a godsend for exporters such as Toyota and has won solid support from Japan's main trading partners, who are betting the impact on their own currencies will be offset by gains from a recovery in the world's third-largest economy. It's not such good news for entrepreneurs like Thamonwan Thawornthaweewong, whose Angry Bird fish balls, ...
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Business Briefs May 22
* May 30 is the ex-dividend date of Cotec Construction JSC (CTD) to receive dividend of the second round 2012 in cash at a rate of 10 percent. The final registration day is June 3. The payment date is June 17. * May 30 is the ex-dividend date of CNG Vietnam JSC (CNG) to receive dividend of the third round 2012 in cash at a rate of 15 percent. The final registration day is June 3. The payment ...
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US summit will help reduce suspicion China media
Chinese state media on Wednesday welcomed news of the firstsummit between President Xi Jinping and his US counterpart Barack Obama, saying the meeting will help "reduce suspicions" in the ...
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Japan mulls resuming talks with N Korea
Japan is considering direct talks with North Korea, the government said Wednesday, adding momentum to the cause after a top level aide to the prime minister made a surprise trip to ...
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Mobile services shut in Pakistan ahead of Chinese PMs visit
ISLAMABAD: Pakistani authorities on Wednesday shut mobile services in Islamabad and the nearby garrison city of Rawalpindi over security concerns on the arrival ...
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China charges six in sex video extortion case
BEIJING: A court in the city of Chongqing has charged six people with working together to blackmail government officials by recording videos of them having sex, the official Xinhua news agency reported on Wednesday. The six were charged with extortion on Monday, Xinhua said, citing a statement from judicial authorities in Chongqing, where they are slated to be tried. Investigators said the group ...
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GSMA Puts The Connected City At The Heart Of Mobile Asia Expo 2013
LONDON, May 22,2013 /PRNewswire/ -- At Mobile Asia Expo 2013 in Shanghai, the GSMA will unveil a new Connected City experience, building on the success of the Connected City at this year's Mobile World Congress. Opening on the ...
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Irans Ahmadinejad says will challenge allys ban from election
Iran's electoral watchdog on Tuesday disqualified Esfandiar Rahim Mashaie, Ahmadinejad's former chief of staff, from running in the June 14 presidential vote. "In my opinion there will be no problem with the Leader and I will take up this issue until the last moment with him," Ahmadinejad said on Wednesday, according to the ISNA news agency. "I am hopeful the problem ...
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Asia stares at another year of record bond issuance
Wed May 22, 2013 2:52am EDT * Region on track for US$85bn in dollar bonds by end-May * Total 2013 volume may reach US$155bn * S&P sees Asian bond market outgrowing US by 2017 By Christopher Langner May 22 (IFR) - Dollar bond issuance from Asia, excluding Australia and Japan, is on track to end May over US$85bn, a record, after two weeks of US$6bn-plus in fixed income supply and amid forecasts of ...
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US parents quit Singapore inquest into sons death
SINGAPORE -; The parents of an American software engineer who believe their son was murdered last year in Singapore withdrew from the inquest Wednesday, saying they have no confidence in the city-state's legal ...
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Pakistani cricket star politician leaves hospital
Supporters of former Pakistani cricket star and chief of Pakistan Tehreek-e-Insaf party (PTI) Imran Khan attend a sit-in-protest to condemn the killing of Zohra Shahid, a senior member of PTI in Karachi, Monday, May 20, 2013 in Islamabad, Pakistan. Police said gunmen on a motorcycle shot and killed Shahid outside her home on Saturday. (AP Photo/B.K. ...
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Asian stocks buoyed by Wall Street
Sydney - Asian stocks rose on Wednesday following a positive lead from Wall Street with Japan's Nikkei reaching a five-and-a-half-year high, while the yen took a defensive stance ahead of the outcome of the Bank of Japan's (BOJ) policy ...
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GLOBAL MARKETS-Asian stocks supported by Fed reassurance BOJ stands pat
Wed May 22, 2013 2:20am EDT * Some Asian stock markets buoyed by record highs on Wall St * Fed officials play down speculation of ending stimulus anytime soon * BOJ keeps policy unchanged as expected * JGB futures dip after BOJ, Nikkei stays firm By Masayuki Kitano and Vidya Ranganathan SINGAPORE, May 22 (Reuters) - Some Asian stock markets rose on Wednesday following a positive lead from Wall ...
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Pakistan leader Imran Khan leaves hospital for home
Imran Khan left hospital on Wednesday, two weeks after breaking bones in his back in a fall at an election rally, a hospital spokesman said. The 60-year-old was ordered to remain immobile in bed after he fractured vertebrae and a rib in a dramatic tumble just days before the May 11 general election, where his Pakistan Tehreek-e-Insaaf (PTI) party made a major breakthrough. Khwaja Nazir, a ...
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IHT Rendezvous Tensions Flare in Asian Seas Now Involving Taiwan
Residents of Taichung in Taiwan, led by a Taiwanese lawmaker, Lu Shou-yen (center, in purple shirt,) chant slogans demanding an apology from the Philippine government for the death of a Taiwanese ...
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Japan mulls talks with NKorea surprising allies
TOKYO -; Japan's government is looking into re-opening official talks with North Korea to resolve questions over the abductions of Japanese citizens decades ago, raising concerns among allies who fear Tokyo's focus on that issue might weaken efforts to reign in Pyongyang's nuclear weapons ...
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Indian Shares Rise On Asian Cues
Indian shares edged higher on Wednesday, tracking firm Asian cues amid expectations that the Fed would stick to its $85 billion monthly bond-buying program until next year to bolster the economic recovery.Meanwhile, the Bank of Japan concluded its two-day policy meet with Governor Haruhiko Kuroda pledging to conduct money market operations so that the monetary base will increase at an annual ...
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The June 7-8 Obama-Xi Summit Likely Start Of A New Asian Order
US President Barack Obama (2nd R) and Chinese Vice President Xi Jinping (2nd L) speak alongside translators during meetings in the Oval Office of the White House in Washington, DC, February 14, 2012. The White House on Tuesday welcomed China's likely next leader Xi Jinping, with President Barack Obama looking to push Beijing on a range of concerns yet also work for smoother future ...
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State media shows NKorea has new military chief
PYONGYANG, North Korea (AP) -- A North Korean state media dispatch shows that leader Kim Jong Un has named a hardline general as his new military ...
Asia Feature
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Asia's largest ever infastructure project
The Trans-Asian Railway has been faltering since it was first proposed in the 1960s by the United Nations Economic and Social Commission for Asia Pacific (ESCAP). Throughout the 60s, 70s and 80s the project was hindered by political instability, the wars in Indochina, the reticence of China and a subsequent lack of finance in Asia for mega-projects of this kind.
Now, however, with China emerging as the number two most dominant economy in the world, the project to link two major continents (Asia and Europe) is finding its feet once more and the Chinese are looking into investment opportunities, with some aspects of the project, such as the several thousand kilometers that pass through Thailand, being slated for possible construction in 2013. Read more
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