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SE Asia Stocks-Indonesia Vietnam recover from previous sessions falls
JAKARTA, May 24 (Reuters) - Indonesian and Vietnamese shares rebounded from their previous session's steep falls, while most Southeast Asian markets were closed on Friday for a local holiday. Jakarta's Composite Index rose 0.66 percent to 5,155.09, boosted by a 2 percent jump in property shares. Vietnam's broader benchmark index closed up 0.4 percent as ...
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No guarantee of peace NKorean envoy warns China
BEIJING (AP) -- China told a top North Korean envoy Friday it wants a peaceful, denuclearized Korean Peninsula, and said the emissary warned there is "no guarantee of peace" but that his country was willing to hold talks with all ...
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2 former sex slaves demand Japan mayor quit
OSAKA, Japan (AP) -- Two Korean former sex slaves demanded the resignation of an outspoken Japanese mayor and canceled a meeting with him Friday for justifying Japan's wartime practice of forcing tens of thousands of Asian women into prostitution for its ...
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London killers are Britons of Nigerian originBritain experienced a communal backlash against Muslims within 24 hours of a young serving soldier being butchered with stone age savagery in Woolwich by two radical British Nigerians who had chang
Woolwich by two radical British Nigerians who had changed from being "devout Christians to Muslims" recently. Mobs calling themselves English Defence League clashed with riot police after Wednesday's "terror attack" . Mosques in Woolwich, Braintree in Essex and Gillingham in Kent were attacked with bricks and bottles. Fearing such backlash could intensify and affect all ...
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British Airways jet makes emergency landing at Heathrow airport after engine fire
Heathrow on Friday after a technical fault in an engine. "The BA762, Heathrow to Oslo service, returned back to Heathrow shortly after take-off due to a technical fault," BA parent company IAG said. ...
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Obamas drone speech welcomed in Pakistan Yemen
ISLAMABAD (AP) -- President Barack Obama's speech on the use of drones to kill Islamic militants was well-received in two countries most affected by the strikes - Pakistan and Yemen - but criticism of the U.S. policy remains ...
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UPDATE 1-Morgan Stanley names Leleu Cheng in Asia ECM shakeup
Fri May 24, 2013 5:23am EDT HONG KONG May 24 (Reuters) - Morgan Stanley has named Jerome Leleu and Mille Cheng as co-heads of Asia Pacific equity capital markets in a shakeup of its management of that division, according to an internal memo obtained by Reuters on Friday. The pair replace Justin Haik, who takes on a newly created senior client relationship role in the same unit, the memo ...
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White House welcomes Burmese president as new ally in “pivot to Asia”
A meeting between US President Barack Obama and Burmese President Thein Sein in the Oval Office of the White House on Monday signalled Washington's embrace of the Burmese military-dominated government, as part of its efforts to strategically encircle China. Thein Sein is the first Burmese leader to be hosted in the White House since former junta leader General Ne Win's visit in 1966. ...
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Weekend Plantings Downy Jasmine Asian Fruit Tree More
A plant so common that it often fades into the background is downy jasmine, a sprawling, viney shrub from East Asia. An evergreen species, downy jasmine (Jasminum multiflorum) bears small, starry, white flowers with a pleasing fragrance. Blossoms are produced year-round but peak in the warm months. Although this versatile, glossy-leaved plant can grow 10 feet tall in sun or light shade, ...
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Business Briefs May 24
* The Securities Depository centre said that it has transferred the ownership of 389,057 shares of Long Hau JSC (LHG) from Ban Viet Securities Investment Fund to 21 investors on May 22. * PetroVietnam general Services Joint Stock Corp (PET) has sold 788,880 treasury shares as registered at an average price of ...
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Asia Roundup US Fed and China news spook marts
Hawkish comments by United States Federal Reserve chairman Ben Bernanke and weakness in China’s factory activity rocked Asian markets yesterday,Thursday May 23 3013 taking the dollar to three-year highs, sending share markets lower, and hitting the Japanese government bond market as yields rose to their highest in a year. Stock and bond markets took their cue from the drop in US equities ...
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Asia to be largest LTE market says Nokia Siemens Networks greater China head
Asia is expected to be the largest LTE market among regions around the world in 2015, Greater China president Markus Borchert for Nokia Siemens Networks said at the LTE Marketing Forum in Taipei on May ...
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Morgan Stanley names new co-heads of Asia-Pacific ECM -memo
HONG KONG | Fri May 24, 2013 5:01am EDT HONG KONG May 24 (Reuters) - Morgan Stanley has named Jerome Leleu and Mille Cheng as co-heads of equity capital markets in the Asia Pacific region, according to an internal memo obtained by Reuters on Friday. The pair replace Justin Haik, who takes on a newly created senior client relationship role in the same division, the memo said. Leleu ...
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Emergency landing closes both Heathrow runways
British Airways plane made an emergency landing. Heathrow officials said passengers were evacuated safely on Friday morning. British Airways says more information will be provided ...
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Li still flying the Asian flag by herself
Paris – Li Na's momentous French Open title win of 2011 was expected to open the floodgates for Asian – and in particular Chinese – players in world ...
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Asia Markets Japan stocks end up after roller-coaster ride
HONG KONG (MarketWatch) -- Japanese shares ended modestly higher Friday after a roller-coaster ride that subjected the Nikkei Stock Average to a swing of more than 3% on both sides of the previous day's ...
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Magnitude 8.2 earthquake strikes Russian Far East off Kamchatka
LONDON (Reuters) - A magnitude 8.2 earthquake struck Russia's Far East in the Sea of Okhotsk off the Kamchatka Peninsula, according to the U.S. Geological Survey. The epicentre of the quake was located 244 miles west north west of Petropavlovsk-Kamchatskiy at a depth of 385 miles, the USGS said. (Writing by John ...
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Police Suicidal jumpers fall kills SKorean girl
South Korea (AP) -- South Korean police say a suicidal man jumping to his death killed a 5-year-old girl by falling on her as she walked with her parents outside the apartment building. ...
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Asian markets mixed in volatile trade
Asian markets were mixed Friday in rollercoaster trade after routs sparked in part by fears of tighter US monetary policy, with Tokyo ending higher a day after suffering its worst drop since the March 2011 quake-tsunami disaster. Regional markets swung wildly after falling Thursday on indications from US Federal Reserve chief Ben Bernanke that the Fed could soon start scaling back massive ...
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Most Asian stock indexes are lower
The appetite for risk is neutral after improving in the US session on Thursday upon dissecting Wednesday's Federal Reserve reiteration of the likely scaling back its asset purchase program in June. All eyes are on Germany's Ifo report. But volatility persisted in the Nikkei 225. Most foreign currencies remain relatively firm after all reversed losses the day before. Most Asian stock ...
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GLOBAL MARKET-Volatile Nikkei keeps Asian stocks on edge
Fri May 24, 2013 3:45am EDT * Nikkei ends a seesaw day up 0.9 pct * Asian stocks outside Japan dip to 1-month lows * Yen rises vs USD and euro on turbulent Nikkei * European stocks expected to fare better By Ian Chua SYDNEY, May 24 (Reuters) - Asian stocks fell to one-month lows on Friday and the yen rebounded broadly as extreme volatility in the Nikkei kept investors on edge. The Nikkei has ...
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US Boy Scouts to allow gay members
gay Scout leaders - a fiercely contested compromise that some warned could fracture the organization and lead to mass defections of members and donors. Of the roughly 1,400 voting members of the BSA's National Council who cast ballots, 61 percent supported the proposal drafted by the governing Executive Committee. The policy change takes effect on January 1. "This has been a ...
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5 climbers feared dead on worlds 3rd highest peak
KATMANDU, Nepal — A Nepalese official says five climbers are missing and feared dead on the world's third highest mountain. The five disappeared Monday on Mount Kanchenjunga, and bad weather was preventing a rescue helicopter from reaching the base camp. Mountaineering Department official Dipendra Poudel said Friday the climbers were descending from the summit when they were ...
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North Korea town opens to Western tourists Travel agents
BEIJING: North Korea's authorities have opened the border town of Sinuiju to Western tourists, Chinese-based travel agencies said, despite international tensions over Pyongyang's nuclear test in February. The move opens up the possibility of foreign tourists being able to make day tours to the secretive state, a considerably cheaper option than the more expensive multi-day trips ...
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Asia’s Benchmark Equity Index Swings as Australia Banks Decline
stock index swung between gains and losses as Australian banks declined and the yen rose after Bank of Japan Governor Haruhiko Kuroda said the central bank had announced sufficient stimulus. The MSCI Asia Pacific Index slid 0.2 percent to 138.42 as of 2:46 p.m. ...
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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