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China takes over operational control of Pakistans Gwadar Port
China has successfully taken over the operational control of Pakistan's Gwadar Port. After pull out by Port of Singapore Authority (PSA) of a 40-year port management and development contract signed in 2007, China will operate the port, which is strategically located close to the Pakistan-Iran border and the Strait of Hormuz in south-western Balochistan province, reports the Daily Times. The ...
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Lis visit went beyond symbolic Pakistani daily
Chinese Premier Li Keqiang's two-day Pakistan visit "went beyond the symbolic", said a daily which noted China is a wealthy neighbour that "does not hand out free lunches". Li's visit "went beyond the symbolic - significant because he was here at a crucial time in our political history, with the process of transition from one government to another now in train," said an editorial in the News ...
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Pyongyang Willing to Take Chinas Advice on Talks
A North Korean envoy has told a senior Chinese official that Pyongyang is willing to take China's advice to start talks aimed at resolving tensions on the Korean peninsula. Chinese state broadcaster CCTV reported that envoy Choe Ryong Hae made that remark to a high-ranking member of China's Communist Party, Liu Yunshan, during talks in Beijing Thursday. Liu told Choe that China ...
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African Leaders to Meet As AU Celebrates 50th Anniversary
African leaders plan to meet this weekend at a summit in Ethiopia's capital, Addis Ababa, as part of the 50th anniversary celebration of the formation of the Organization of African Unity (OAU).The Theme of the summit is pan-Africanism and renaissance. "Under this theme, Africa will be looking at that spirit of pan-Africanism that inspires through solidarity, unity of purpose for us to ...
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On US request Russian arms dealer held in Lithuania
Lithuanian security services have arrested a Russian national at the request of the US Justice Department, which suspects him of smuggling export-restricted military equipment. Dmitry Ustinov, 46, was detained over a month ago at Vilnius airport in Lithuania, after he arrived from the US to allegedly negotiate a sales deal for night vision equipment used by the US military, the Delfi news ...
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China seeks closer ties enhanced strategic cooperation with Pakistan Li
Chinese Premier Li Keqiang on Thursday urged China and Pakistan to nurture even closer ties, and enhance comprehensive strategic cooperation while addressing Pakistan's parliament. In a speech titled "Let all-weather China-Pakistan friendship bear new fruits," Li said peace, development and cooperation is the theme of the times, and Asia has become one of the most dynamic and most visible areas ...
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Australia India strengthen agriculture skills ties
Australia and India today signed a Memorandum of Understanding (MoU) to develop and strengthen cooperation in skills training in the agriculture sector. The MoU results from the joint commitment of the Australian and Indian Prime Ministers in October 2012 to build bilateral partnerships between skills councils in key industry areas, including telecommunications, retail, mining, ...
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China to support Pakistan for stability development Li
The Chinese government will unswervingly stick to its friendly policy toward Pakistan and support the South Asian nation in realising stability and better development, visiting Chinese Premier Li Keqiang said here Thursday. Li was speaking during a meeting with Pakistani military leaders, including chairman of Joint Chiefs of Staff Committee General Khalid Shameem Wynne, army chief General ...
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China central bank switches to liquidity injection
The People's Bank of China (PBOC), the country's central bank, swung back to liquidity injection this week with 128 billion yuan ($20.9 billion) being pumped into the banking system through its regular open market operations. The PBOC move marked a turn-around in the central bank's open market operations last week when it drained 35 billion yuan from banks in the open market after hedging the ...
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China hasnt used Pakistan against India Daily
China has played a positive role in the continuous easing of the relationship between India and Pakistan, said a state-run daily which added, "China has not played balancing strategy, using one country against the other." An article in the Global Times said that when Chinese Premier Li Keqiang and his entourage flew from India to Pakistan Wednesday for a two-day visit, his plane was escorted by ...
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Ford to close manufacturing operations in Australia slash 1200 jobs
Ford will close its manufacturing operations in Australia and 1200 workers will lose their jobs in October 2016. Ford Australia president and CEO Bob Graziano said that the company would shut the Geelong engine factory, costing 510 jobs, and the Broadmeadows car assembly line, shedding another 650 positions, reports News.com.au. Sacked workers have been offered a 39 million-dollar rescue ...
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`Ageing Asia to strain worlds long-term economic growth
The Asia-Pacific region will continue to power global economic growth in 2013, but the region's increasing ageing population will cast a shadow on the long-term development, according to a Canadian think-tank. "Productivity gains and a large, young working-age population have done much to boost Asian economic growth over the past three decades. But Asia's demographic dividend is quickly coming ...
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Retail sales in South Korea fall
Retail sales in South Korea decreased last month as domestic demand remained in the doldrums amid the sluggish economic recovery, a government report showed Thursday. Total sales at three major discount outlets, including E-Mart, Lotte Mart and Homeplus, declined 9.8 percent in April from a year earlier, according to the Ministry of Trade, Industry and Energy. Combined sales at three major ...
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North Korea sends envoy to China
North Korean leader Kim Jong-un has sent a special envoy to Beijing, the state media has announced. A top military official, Choe Ryong-hae, flew to the Chinese capital on Wednesday. The visit comes amid an apparent toughening of Beijing's stance in the wake of Pyongyang's third nuclear test, reports BBC News. The visit - the duration of which remains unknown - follows weeks of high tension ...
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Australia looks into allowing Sikhs to wear turban at work
Australian Prime Minister Julia Gillard has said that she would look into the issue of allowing Sikhs in her country to wear the turban while at work and also while riding motorcycles. "We will work with your community to help make the necessary changes requested on cultural and religious grounds," the Blacktown Sun quoted her as saying Thursday during a visit to Gurdwara Sahib in the Sydney ...
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Casual Khawaja set to prove critics wrong with worthy performance in Ashes
Australian cricketer Usman Khawaja has said that he is often misunderstood by some in the Cricket Australia hierarchy, saying that he will prove them wrong by proving himself on the field and bringing home the Ashes. Khawaja has been largely stranded on the periphery in the past two years, playing only six Tests since his debut in an Ashes Test in Sydney in 2011, and against England, the Sydney ...
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Major step for gas field in South China Sea
/enpproperty--> A major section of the Liwan 3-1 offshore gas field project in the South China Sea was completed, the Xinhua News Agency reported on Thursday. The topside portion of the central platform, the largest in Asia, was put in place. The connecting pipes, made, designed and installed by the state-owned China National Offshore Oil Corp (CNOOC), were also put in place. The Liwan 3-1 ...
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Chinas cement industry to face tougher emission rules
China is mulling a tougher national standard on nitrogen oxide (NOx) emissions from cement factories amid public calls to clear up both air pollution and the sector's excess production ...
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Eurozone crisis live Japan closes higher after wild day of trading
The Japanese market suffered another turbulent session after Thursday's dive - dropping as much as 3.5% in the afternoon - but stabilised to close 0.9% ...
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Suicide jumpers fall kills girl in South Korea
A suicidal man jumping to his death killed a five-year-old girl by falling on her as she walked with her parents outside the apartment building, South Korean police say.A police official said the 39-year-old man died immediately after he jumped on Wednesday from the 11th floor of the building in the southeastern port city of Busan. The girl died later from brain damage and broken bones.The ...
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Scouts Australia open to gay members
OPENLY gay youths have always been welcome to join Scouts Australia, the organisation says, after its American counterpart overturned a decades-old ban. At its annual meeting in Texas on Thursday, the 103-year-old Boy Scouts of America voted to end a ban barring openly homosexual members, but maintained a prohibition on gay adult leaders. Scouts Australia says its door has always been open to ...
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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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Chinese newspaper slams Bidens commencement speech
In a comment piece published today, Chinese newspaper Global Times criticized Biden's Penn commencement address, in which he said Chinese people can not think different, breathe freely. Here is the ...
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Japanese lawmaker fired over China trip
Japan's upper house passed a resolution Thursday dismissing Yoriko Kawaguchi, a senior lawmaker of the Liberal Democratic Party, as head of one of its standing committees over her recent trip to China, fueling tensions between the ruling and opposition camps ahead of this summer's national election. The resolution, backed by seven opposition parties, criticized Kawaguchi, a former ...
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DPRK spurns Seouls demand on Kaesong industrial park Yonhap
The Democratic People's Republic of Korea (DPRK) on Thursday rejected a South Korean demand for a promise not to take any actions that may again disrupt the operations at a joint industrial complex in its territory, calling it "ridiculous", Yonhap News Agency reports on Thursday. The joint industrial complex in DPRK's border city of Kaesong remains shut down since early ...
Asia Pacific Focus
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Asia Pacific leads world in creating wealth
The Asia Pacific region houses a higher proportion of High Net Worth Individuals (HNWIs) than any other region on earth.
The claim is part of the World Wealth Report prepared by Merrill Lynch which studied wealth effects in seventy one countries, which account for 98% of global gross income and 99% of world stock market capitalization. Read more
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