Latest Asia Pacific News
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Foreign Firms Hesitant On China
A little less money coming into China these days, as May FDI data suggests. Multinationals are hesitant on investing in China, foreign direct investment data shows. Despite overall long term growth trends and a general bullishness on the richer Chinese consumer, the multinationals increased their investments in May by just 0.29% in a sign of cooling in the world's second biggest ...
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North Koreas nuclear program
Pyongyang reiterated its commitment to the denuclearization of the Korean Peninsula on Wednesday and said it was determined to tackle the nuclear issue through ...
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President Xi announces campaign for Communist Party of China
Xi Jinping says the Communist Party of China needs to clean up its act to keep public support. Xi announced Tuesday that the party is launching a campaign to instill good habits in its members and officials, Xinhua, the official government news agency, reported. He said the party must be dedicated to "serving the people, being down-to-earth, upright and corruption-free" China remains ...
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China customs nab Russian smugglers f...
Customs officials at Manzhouli, the Inner Mongolia Autonomous Region, discovered a haul of 213 wild bear paws that had been hidden in a vehicle by two Russian nationals, the biggest seizure of smuggled paws ever made by Chinese customs. The suspects have been detained by customs police in the city, pending further investigations, including the destination of the paws, officials from the ...
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China builds worlds fastest supercom...
BEIJING, June 17 (Xinhua) -- Chinese supercomputer producer announced Monday that China has once again built the world's fastest supercomputer, capable of performing 33.86 quadrillion operations per second, surpassing the U.S. Titan supercomputer. The Tianhe-2 has a peak performance speed of 54.9 quadrillion operations per second, according to the National University of Defense Technology, ...
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Putin Obama face off over Syria at t...
President Barack Obama and Russian President Vladimir Putin shakes hands in Enniskillen, Northern Ireland, Monday, June 17, 2013.(Photo:Agencies) U.S. President Barack Obama sparred with Russia's Vladimir Putin over how to end the war in Syria on Monday during an icy encounter at a G8 summit where divisions over the conflict eclipsed the rest of the agenda. Speaking after talks with Obama, ...
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1200-year-old tomb discovered in subu...
A 1200-year-old tomb was discovered in a construction site in suburban Beijing. The identity of the owner has yet to be confirmed but is suspected to be a chief officer of the ancient Beijing area in Tang Dynasty(AD 618-AD 917). The basic structure of the tomb is well preserved and a significant number of splendid mural paintings are found on the ...
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Shock as football player throws dog o...
An Argentine soccer player was expelled from a minor league game and fired from his team for mistreating a dog that wandered onto the field. Fox Sports de Argentina broadcast images on Tuesday showing the player use both hands to grab the mid-size black-and-white dog by the collar and throw it toward the bleachers during the game. The dog struck a chain-link fence and fell down, but quickly ...
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Report Immigration Reform Would Boost US Economy Finances
CAPITOL HILL -- A congressional report estimates that reforming America's immigration system and legalizing 11 million undocumented immigrants would boost U.S. economic growth and shrink the federal deficit. The report was seized upon by senators debating an overhaul to federal immigration laws. Legalizing millions of unauthorized immigrants would have an almost entirely positive effect ...
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Malaria Risk Spikes for Worlds Poorest Children
LONDON -- The poorest children in the world's most impoverished communities are twice as likely to contract malaria as the least poor, according to ...
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Taiwan and China look to create unified LED light technical standard
TAIPEI -- The Taiwan LED Lighting Industry Association (TLLIA) signed a letter of intent with its Chinese counterpart in Guandong province on a proposal to jointly promote a unified technical standard for LED lighting ...
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Automotive giant GM plans to invest US$11 bil. in China
SHANGHAI--General Motors will invest US$11 billion in China through 2016, executives said Wednesday, as the U.S. car giant broke ground on a plant to produce luxury Cadillacs for the world's biggest auto ...
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HK forum to propose Taiwan China solution DPP ex-head
TAIPEI -- A forum highlighting the development of cross-straits relations and creativity will propose solutions to narrow the political differences between Taiwan and China, an official of opposition Democratic Progressive Party (DPP) said on ...
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Sell-off-plan hedge fund increases its stake in Japans Sony report
TOKYO -- The hedge fund that has called on Sony to list part of its profitable entertainment arm has boosted its stake in the company, a report said Tuesday, days ahead of a shareholders' ...
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Chinas Huawei to launch new smartphone for high-end market
SHANGHAI -- Chinese telecoms giant Huawei will launch a new smartphone on Tuesday to better compete with high-end rivals like Apple and Samsung overseas, a company official ...
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Guillermo del Toro calls Pacific Rim a family movie
is a summer spectacle that sets out to be different from other movies of its kind. The Mexican-born filmmaker says he thinks of it as a family movie, since he deliberately tried to create the kind of story that would have won him over at age 12. Set for release July ...
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Ex-Communist Party of China official executed for child rapes state media reports
The case of Li Xingpong, the former deputy Communist Party chief of Yongcheng city, caused an uproar online after police said he had raped 11 girls, all under age 18, since the latter half of 2011. Abuse of power by Communist Party officials has long been a central cause of online activists, and Li's case was seen by some as emblematic of the problem. In response, the government has ...
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Aerocar Worlds first flying car up for grabs for $1 million
IndiGo ruled the Indian skies in May, flying almost a third (29.5%) of domestic passengers, while Jet and JetLite together were at No 2, flying 22.5% of the total ...
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Spain-Tahiti Preview La Roja seeking big win over Pacific islanders
Spain are expected to make wholesale changes to the team that beat Uruguay 2-1 on Sunday, with Victor Valdes, Fernando Torres and David Villa all in line for starts.Defender Cesar Azpilicueta could win his third cap for the senior side, while the likes of David Silva and Jesus Navas are also set to make their first appearances of the tournament.Tahiti have no new injury concerns after Nicolas ...
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Japan to maintain spending at FY2013 level-Nikkei
June 19 | Wed Jun 19, 2013 3:00pm EDT June 19 (Reuters) - Japan plans to cap spending, excluding debt payments, at the current level of about 70 trillion yen ($736.80 billion) for the next two fiscal years as part of efforts by Prime Minister Shinzo Abe to improve fiscal health, the Nikkei reported. Ministries and agencies will be asked to tighten their belts to curb any rise in social ...
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Skeptics on China might be right but timing is a hurdle too
Take a banking system that is opaque at best. Add a global financial community well-versed in signs of stress following the 2008 meltdown in the West - and one that is on the lookout for them. Thus each twitch in a system - say, the spike in China's interbank rates - is a fresh fill-in-the-blank opportunity for China Cassandras to press their favourite theory of ...
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Anti-Pervert Tights Become Internet Sensation in China
These days, girls in China can keep perverts away by wearing "full-leg-of-hair stockings" in public. At least that's what an advertisement says on Sina Weibo, China’s version of Twitter. When a girl dons a pair of these tights, her legs look as hairy as a man's – or hairier. Netizens passed around images of these furry stockings, which became one of the most ...
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NK offers fresh nuke talks
A Chinese armed police officer salutes a car carrying North Korean officials as they return from China's Foreign Ministry after talks in Beijing Wednesday. China is holding talks with North Korea this week amid ongoing tensions on the Korean peninsula over the North's nuclear program. Chinese Vice Foreign Minister Zhang Yesui met North Korean First Vice Foreign Minister Kim Kye-gwan ...
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Chinas Hunger For Pork Will Impact The U.S. Meat Industry
Smithfield Foods Inc., the world's largest pork producer by sales volume, has agreed to be acquired by Shuanghui International Holdings, a privately owned meat processing company headquartered in China, for $7.1 billion including debt, valuing the company's equity at $34 per share. Although the deal still needs to receive shareholder and regulatory approvals, we believe it can have a ...
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UN chief hails Chinas peacekeepers
The courage and solidarity of Chinese troops on UN peacekeeping missions around the world has been praised by the organization's chief. UN Secretary-General Ban Ki-moon arrived in Beijing on Wednesday for his sixth visit to China. He said xie xie -- thank you in Chinese -- many times at the peacekeeping center of the Ministry of National Defense, noting that China has made great ...
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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