Latest Asia Pacific News
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Asia Markets Japan stocks plunge back into losses
HONG KONG (MarketWatch) -- Japanese stocks plunged deep into losses Friday afternoon on a wave of selling, as remarks from the Bank of Japan governor failed to ease concerns about a rise in government-bond ...
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Japan stocks rebound from overnight collapse as yen-sellers resurface
Japan's cabinet officials as well as BOJ Gov Kuroda smoothed over concerns, reiterating the JGB and equity markets are being closely watched, and the primary policymakers focus is beating deflation. Note the 10-yr JGB yield, which fell over 15bps from overnight 1% highs after the BOJ liquidity injection, is back in high 0.80%'s. Market focus turns to the IFO data out of Germany in the ...
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North Korea agrees to return to nuclear talks under pressure from China
Liu Yunshan (right), a senior Communist party official, poses for the cameras with North Korean envoy Choe Ryong-hae on Thursday. Photograph: China ...
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Australia economy strong despite end to Ford production PM
SYDNEY (AFP) - Australian Prime Minister Julia Gillard moved to allay fears about the economy on Friday saying it had strong fundamentals, after US carmaker Ford announced an end to production in the country.Ford said Thursday it will stop making vehicles at its unprofitable Australian plants in 2016, prompting concern for the manufacturing industry which is struggling due to the high Australian ...
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Japans Nikkei turns positive in volatile trade
Reuters © A passerby is reflected on a graph showing recent movements of Japan's Nikkei average at a brokerage in Tokyo May 24, 2013. REUTERS/Issei ...
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Highway bridge collapses in US no deaths reported
MOUNT VERNON , Washington: The major highway bridge linking Seattle with Canada and the rest of the Pacific Northwest region collapsed Thursday evening, dumping at least a handful of vehicles and people into a river, ...
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Bag limits introduced due to dwindling crab stocks in South Australias Gulf St Vincent
COMMERCIAL and recreational crab fishers will face tougher bag limits because of declining stocks in the Gult St Vincent. The State Government has announced commercial boaties will have their quota cut to 196 tonnes - a 20 per cent drop - from July next year. Recreational limits will be halved. The daily individual bag limit will drop from 40 to 20 and a daily boat limit will fall from 120 to ...
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9 killed in S China auto shop fire
/enpproperty--> GUANGZHOU - Nine people were killed in a fire that broke out in South China's Guangdong province early Friday morning, the local government said. The fire broke out at 5:26 am at an automobile detailing center in the Nanhai district of the city of Foshan, sources with the provincial government's emergency office said. An investigation into the cause of the fire is ...
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Barack Obama in heated exchanges with Code Pink anti-war protester
WASHINGTON: The woman who interrupted President Barack Obama's speech on counterterrorism policy on Thursday is well-known around Washington as a perennial protester on national security ...
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Obama lifts ban on transferring Guantanamo Bay detainees to Yemen
Guantanamo Bay detainees to Yemen , a step toward his goal of closing the US military-run prison that he said "has become a symbol around the world for an America that flouts the rule of law." Nearly 100 of the 166 terrorist suspects held at the prison in Cuba are from Yemen and have had nowhere to go even if they had been cleared for transfer. Obama wouldn't send them home, and ...
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Hong Kong shares extend losses to 4-week low China flat
Fri May 24, 2013 1:26am EDT * HSI -0.2 pct, H-shares -0.3 pct, CSI300 flat * Hong Kong turnover lowest in about a month as investors remain cautious on China recovery * Lenovo extends gains after a slew of price target upgrades By Yimou Lee HONG KONG, May 24 (Reuters) - Hong Kong shares extended losses to fall to their lowest in a month on Friday with the property sector hurt by worries of a ...
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Japan stocks slip into losses after Kuroda remarks
HONG KONG (MarketWatch) -- Japanese stocks tumbled back into losses in Friday afternoon trading as the yen strengthened sharply, despite comments from Bank of Japan Gov. Haruhiko Kuroda's remarks ...
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Sony to Sell $1.5 Billion in Corporate Bonds in Japan
The five-year bonds, to be issued in June, will be the first sale to retail investors in Sony's history as the company looks to widen its fundraising ...
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China money rates fall on improving market funds
* Key 7-day money rate falls 7 bps to 4.15 pct * Money rate may hover at high level due mth-end factor By Chen Yixin and Pete Sweeney SHANGHAI, May 24 (Reuters) - China's money rates fell slightly on Friday on improving market liquidity, but traders still expect money rates to remain relatively high in the run-up to the month-end reporting period. The weighted average of the benchmark ...
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Australia economy strong Julia Gillard
Ford announced an end to production in the country. Ford said Thursday it will stop making vehicles at its unprofitable Australian plants in 2016, prompting concern for the manufacturing industry which is struggling due to the high Australian dollar. Gillard admitted the Ford decision to halt production and cut 1,200 jobs had made people anxious. But she said: "Even with Ford's ...
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New concerns for Chinas rising middle class
middle class created by China's decades of rapid economic growth -- and its resulting worries. Li Na, 42, a caterer at the capital's zoo, and her husband Chi Shubo, 48, who works for a state-owned investment company, have seen their fortunes transformed since she arrived in Beijing 20 years ago from Shandong, a coastal province. Then, she cycled for hours from a shared dormitory to ...
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Kenya Dont Buy Kenyas Ivory MPs Tell China
The National Assembly has urged the Chinese government to demonstrate its true friendship by not buying ivory from the country. This came after MPs passed a motion compelling the government to tighten measures to curb wildlife poaching.They include increasing the number of rangers in game parks and introducing more punitive measures to deter the illegal trade. The MPs asked the Chinese and Thai ...
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Topless activist arrested at Notre Dame Cathedral
A topless activist of the FEMEN movement was arrested inside Notre Dame Cathedral Wednesday, one day after far-right essayist and historian Dominique Vesser committed suicide in the Paris landmark. The bare-chested woman was photographed in front of the altar, pointing a fake gun at her mouth. The slogan "May Fascists Rest In Hell" was written across her torso. FEMEN leader Inna ...
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Japanese mayor Wartime sex slaves were necessary
photo/Agencies An outspoken nationalist mayor said the Japanese military's forced prostitution of Asian women before and during World War II was necessary to "maintain discipline" in the ranks and provide rest for soldiers who risked their lives in battle. The comments made Monday are already raising ire in neighboring countries that bore the brunt of Japan's wartime ...
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Chinas Jinchuan shuts 200000 T copper plant on scrap shortage
Fri May 24, 2013 1:06am EDT * Closure to cut at least 100,000 T from 2013 output plan * No timeframe for reopening the shut facility * Startup of new unit in Guangxi to be delayed to 2014 By Polly Yam HONG KONG, May 24 (Reuters) - Jinchuan Group Ltd, China's third-largest copper producer, has shut a 200,000 tonne-a-year facility due to a raw scrap shortage, which could reduce its refined ...
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Japans Meiji Yasuda can start buying 10-yr JGBs at 1 pct
TOKYO | Fri May 24, 2013 1:00am EDT TOKYO May 24 (Reuters) - Japan's Meiji Yasuda Life Insurance Co said on Friday it will shift some of the money earmarked for foreign bonds to Japanese government bonds given their rise in yields. Japan's third-largest private life insurer said it can start buying 10-year Japanese government bonds at 1 percent and 20-year debt at 1.7 ...
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Oil prices decline slightly on weak China data
Oil prices dropped slightly on Thursday on disappointing manufacturing data from China. China's manufacturing activity in May contracted for the first time since last October, a preliminary survey from the HSBC showed. China is the second largest oil consumption nation in the world. The HSBC Flash Manufacturing Purchasing Managers' Index (PMI) for May slipped to 49.6, under the ...
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Pacific Alliance members aim for free trade in 10 years
The Pacific Alliance (PA), which groups Chile, Colombia, Mexico and Peru, has set the goal of achieving a 100 percent tax release for original products in the next 10 years, Peru's Deputy Foreign Minister Fernando Rojas said Thursday. The bloc's four member countries are working towards that goal, based on the free trade agreements (FTA) among them. The four countries are aiming to ...
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Taiwan April manufacturing production index down says MOEA
Taiwan recorded a manufacturing production index (2011 as base year) of 100.02 for April 2013, decreasing 1.32% on month and 1.18% on year, according to statistics released by the Ministry of Economic Affairs (MOEA) on May ...
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Solar cell prices may increase to US$0.43W in Taiwan
Since the beginning of the second quarter, prices of solar wafers and cells in Taiwan have been increasing due to expectations that Europe may levy anti-dumping and anti-subsidy tariffs on China-based peers. Currently, prices of solar cells have returned to US$0.41/W. Industry sources disclosed that the price increases may continue in June, pushing solar cell prices to ...
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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