Latest Asia Pacific News
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4-nation Pacific Alliance trade bloc forges ahead
President Barack Obama’s vow in his State of the Union address to seek free trade deals with Asia and Europe has raised a thorny question south of the U.S. border: Will Latin America find a place in the new global economy of giant trade ...
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China reassured about EU-US trade pact
/enpproperty--> EU trade chief: Deal could increase each side's GDP by half of 1 percentage point each year China has "no reason" to worry about an ambitious free-trade pact being negotiated by the United States and the European Union, because the two are already its biggest trading partners, the EU's trade chief said. Trade Commissioner Karel De Gucht was asked ...
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China Galaxy shares in hot demand on debut in HK
/enpproperty--> New shares in China Galaxy Securities Co Ltd were in hot demand on Wednesday, after it raised $1.1 billion in a much-anticipated Hong Kong IPO. The shares rose 11.3 percent at one point, before ending the day up six percent on its trading debut. The city's IPO drought has been broken by the new listing, along with that of Sinopec Engineering (Group) Co Ltd last ...
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Pope urges Friday prayers for Church in China
On May 22, Pope Francis reminded his weekly public audience that the coming Friday, May 24, would be the feast of Our Lady of Sheshan, the day set aside by Pope Benedict XVI for prayer for the Church in China. Chinese Catholics traditionally make a pilgrimage to the Marian shrine at Sheshan, near Shanghai, on the feast day. Pope Francis urged Catholics throughout the world to join in prayer, to ...
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At least 91 dead as massive tornado s...
A powerful tornado swept through an Oklahoma City suburb yesterday, tearing down blocks of homes, two schools and leaving at least 91 people dead, including 20 children, local officials said. The state medical examiner's office released the latest death toll but the number was climbing rapidly, as emergency crews combed through smashed homes and the collapsed remains of an elementary ...
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Indian girl invents device that can c...
The charging device has been dubbed a 'supercapacitor' by Esha Khare of Saratoga, California. An 18-year-old Indian-origin girl in the US has developed a potentially revolutionary device that can charge a mobile phone in just 20 seconds, a media report said. The charging device has been dubbed a 'supercapacitor' by Esha Khare of Saratoga, California, the Daily Mail reported. ...
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Man dies after passing out unheeded o...
(Photo:Agencies) By Jia Xiaoguang, Sina English A middled-aged man lost his life over 50 minutes after he passed out on an urban bridge with nobody tending to him in Guangzhou, capital of southern Guangdong Province on May 20. In his fifties, the unnamed man suddenly went faint when he was crossing a bridge on his bicycle yesterday afternoon. Lying helplessly for over 50 minutes, he had ...
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China milk powder firms court foreign cachet for domestic gains
By Adam Jourdan SHANGHAI | Wed May 22, 2013 4:59pm EDT SHANGHAI May 23 (Reuters) - The rolling green hills and gurgling blonde toddlers in the ads for Yashili International Holdings Ltd underscore how keen China's biggest milk powder producers are to appear global to emerge from the shadow of a fatal baby formula scandal. The 2008 incident, which involved melamine-tainted milk ...
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In China food scares put Maos self-sufficiency goal at risk
By David Stanway and Niu Shuping BEIJING | Wed May 22, 2013 4:55pm EDT BEIJING May 23 (Reuters) - The discovery of dangerous levels of toxic cadmium in rice sold in the southern city of Guangzhou, the latest in a series of food scandals, has piled more pressure on China to clean up its food chain - possibly at the expense of Mao Zedong's cherished goal of self-sufficiency. The ...
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Update 1-New ZealandAustralia Morning Call-Global markets
-----------------------(06:35 / 2035 GMT)----------------------- Stock ...
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Foreign Students in Oklahoma Confront Tornado Threat
WASHINGTON -- For many Americans in the nation’s center, tornadoes are a frightening fact of life. But for foreign students, usually from countries where tornadoes never occur, twisters can be an even scarier experience. Such was the case this past Monday when a tornado devastated the U.S. town of Moore, Oklahoma, killing at least 24 people and leaving thousands homeless. "It was ...
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South Korea trade deal produces bleak first-year results for U.S.
WASHINGTON - More than a year after it took effect, a highly touted trade deal with South Korea has failed to produce as expected for the U.S.: Exports are down, imports are up and the trade deficit with the Asian economic powerhouse has ballooned. In Washington state, where global trade is now linked to 2 of every 5 jobs, trade backers are happy: Exports of aircraft and parts to Korea rose ...
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As China Prepares to Lead on Climate Crisis Will US Follow
"Such an important move should encourage all countries, and particularly the other large emitters such as the United States, to take stronger action on climate change" - Lord Stern, Grantham Research Institute on Climate Change, LSE ...
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China Pakistan to bolster ties
/enpproperty--> China and Pakistan said on Wednesday they will set up an economic corridor to further connect their two economies. The announcement came as ...
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Bombshell China May Be Close To Implementing A Cap On Carbon Pollution
seven cities and provinces , including Beijing, which will take part in the pilot program, set to be completely implemented by 2014. And according to one local news source, China could implement an absolute, nation-wide cap on its carbon emissions by 2016. China’s 21st Century Business Herald reported this week that the country’s State ...
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Japan no longer sanctions child abduction in mixed-marriage cases
Tokyo lawmakers unanimously approve Hague convention to settle child custody in broken international marriages. But Japanese domestic laws and legal loopholes still need to change, say ...
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Japan rates may torpedo recovery
By James Saft (Reuters) - Spiking interest rates in Japan threaten to undermine, and possibly end, the recovery being engendered by Abenomics. That could reverse gains not only in Tokyo stocks, but in stock markets world-wide which have benefited from Japanese liquidity. While a rebound in activity has allowed the Bank of Japan to upgrade its assessment of conditions for a fifth straight ...
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Philippines weighs move on China incursion
AFP FILE PHOTO MANILA, Philippines--The Philippines is weighing what course of action to take in the wake of the latest Chinese incursion in the West Philippine Sea (South China Sea) even as the country asserted its capability to defend its exclusive economic zone (EEZ). The Department of Foreign Affairs (DFA) said on Wednesday that it was already coordinating with the Philippine Coast Guard ...
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North Korea frees Chinese fishing boa...
North Korea has freed Chinese fishing boat and its crew, the ship owner Yu Xuejun confirmed on May 21. 16 Chinese fishermen were missing after apparently been kidnapped by armed men from the North Korea two weeks ago. China's Ministry of Foreign Affairs is demanding that Pyongyang secure the release of the men. "China calls on the DPRK to deal with this in a proper manner, and to ...
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Hotel collapses in SE Chinas Fuzhou
An annex to a hotel building, which was under construction, collapsed in Fuzhou, Fujian Province Monday afternoon, burying dozens of cars parked ...
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China India in pledge to resolve bor...
Chinese Premier Li Keqiang (L) and Indian Prime Minister Manmohan Singh waves during their meeting in New Delhi, India, May 20, 2013. (Xinhua/Ma Zhancheng) The Chinese and Indian premiers yesterday pledged to resolve a border dispute that has soured ties for decades, saying good relations between the two Asian giants were key to world peace. China and India will study new ways to ease tensions ...
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Could N. Korean envoy to China be turning point for foreign policy
Could N. Korean envoy to China be turning point for foreign policy? . MAY 23, 2013 04:21. . Choe Ryong Hae, the director of the General Political Bureau of the Korean ...
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Report on Bangladesh Building Collapse Finds Widespread Blame
DHAKA, Bangladesh ...
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European Leaders Take Steps in Cracking Down on Tax Fraud
PARIS -- The European Union has announced a series of measures to crack down on tax avoidance and fraud, including the automatic exchange of bank information to catch cheats. European Union President Herman Van Rompuy hailed as "unprecedented" a series of measures against tax evasion agreed to Wednesday by the bloc's 27 leaders during a brief summit in Brussels. Among them: ...
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Cameron Indications Suggest London Killing was Terror-related
British forensic officers attend the scene of an apparent attack which has left one man confirmed dead and two people wounded near Woolwich barracks in London, May, 22, ...
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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