Latest Asia News
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Asia Distillates-Ultra low sulphur diesel premium falls
SINGAPORE, May 22 (Reuters) - The Asian ultra low sulphur diesel premium fell to a more than six-week low on Wednesday as arbitrage economics to send the cargoes to Europe remained firmly shut on weak European demand, industry sources said. The cash premium for the 10 ppm sulphur diesel premium fell 12 cents to $1.66 a barrel above Singapore quotes, lowest since April 8 when ...
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Gupta family wedding scandal India says plane landed after proper authorization
This picture courtesy of the Gupta family shows Vela Gupta and her husband Indian-born Aaskash Jahajgarhia posing with relatives and guests during ceremonies for their wedding in Sun City, South Africa, on May 1, 2013. (AFP ...
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Chinese premier visits Pakistan praises ties
A man walks next to huge portraits of Chinese Premier Li Keqiang, right, and Pakistani President Asif Ali Zardari, left, displayed near the presidency in Islamabad, Pakistan. Keqiang will arrive in Islamabad on May 22 on a two day official visit to hold talks with Pakistani leadership to discuss international, regional issues and enhance co-operation in bilateral ties. (AP Photo/Anjum ...
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China demand drives Asian gold bar premiums to record highs
- Premiums for gold bars hit a record high in Asia on Wednesday as lower spot prices lured more buyers, mainly in China, the world's second biggest consumer of the precious metal, amid tight physical ...
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SE Asia Stocks-Singapore up on earnings hopes Thai shares fall
BANGKOK, May 22 (Reuters) - Most Southeast Asian stock markets rose to new highs on Wednesday on light to moderate volume and ahead of U.S. Fed Chairman Ben Bernanke's testimony in Congress, with expectations of improved earnings forecasts supporting Singapore shares. Singapore's Straits Times Index was up 0.3 percent at 3,454.37, reversing Tuesday's fall, led ...
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Asian shares mixed Tokyo ends at high
ASIAN shares have closed mixed despite a strong lead from Wall Street as markets awaited testimony from the US Federal Reserve chief, but Tokyo stocks finished at their highest level in five ...
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Dark future for womens rights in Afghanistan
determined that some 400 women and girls were locked away in Afghan prisons and juvenile detention facilities for the 'moral crime' of running away from home or having sex outside of marriage. My organisation, Human Rights Watch, reported those findings. Some 18 months later, things have really changed. For the ...
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Power of Moore OK tornado dwarfs Hiroshima bomb
Everything had to come together just perfectly to create the killer tornado in Moore, Okla.: wind speed, moisture in the air, temperature and timing. And when they did, the awesome energy released over that city dwarfed the power of the atomic bomb that leveled ...
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World stocks mixed ahead of Fed chief testimony
BANGKOK -; World stock markets were mixed Wednesday, hours before Federal Reserve chairman Ben Bernanke is to deliver remarks before Congress on the state of the U.S. ...
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Asian Stocks Rise On Fed Speculation
Asian stocks rose broadly on Wednesday, encouraged by a positive lead from Wall Street, after comments from two Federal Reserve officials suggested the Federal Reserve is unlikely to taper its $85 billion-per-month bond-buying program anytime soon. Investors look forward to a speech from the Fed Chairman Ben Bernanke and the release of FOMC May minutes due out later in the day for clues on the ...
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Japan nuclear reactor atop active fault regulator
Japan's nuclear watchdog said on Wednesday that one reactor was sitting directly above an active tectonic fault, effectively ruling out a restart ...
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India slum thrives as tourist attraction
The word slum conjures up images and deprivation and poverty. But Mumbai's Dharavi slum in India is estimated to generate an annual business turnover of $650 million as a tourist ...
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Abes view of history upsets many in Asia the US
Back in February, Prime Minister Shinzo Abe gave a speech at a Washington think tank on the theme "Japan Is Back" that was widely interpreted as a bid to revive his country's long-stagnant economy through drastic policy changes. "Abenomics", as these proposals have been dubbed, is a kind of shock therapy that includes stimulus spending, a loose-money policy and a weaker ...
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Chinese PM pledges stronger partnership with Pakistan
ISLAMABAD (AFP) - Chinese Premier Li Keqiang vowed to strengthen his country's partnership with Pakistan as he arrived Wednesday for a visit less than two weeks after the country's general election.The long-time allies will look to use the two-day trip to boost trade ties, and Li will meet prime minister-elect Nawaz Sharif -- who has not yet been sworn in -- as well as holding talks ...
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Chinese premier begins 2-day visit to Pakistan
A man walks next to huge portraits of Chinese Premier Li Keqiang, right, and Pakistani President Asif Ali Zardari, left, displayed near the presidency in Islamabad, Pakistan. Keqiang will arrive in Islamabad on May 22 on a two day official visit to hold talks with Pakistani leadership to discuss international, regional issues and enhance co-operation in bilateral ties. (AP Photo/Anjum ...
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Octogenarians race to be oldest Everest climber
In this Friday, May 17, 2013 photo distributed by Miura Dolphins, 80-year-old Japanese adventurer Yuichiro Miura, right, and his son, Gota, rest on their way to a camp at 6,500 meters (21,325 feet) from a camp at 6,050 meters (19,849 feet) during their attempt to scale the summit of Mount Everest. According to his management office, Miura plans to reach the 8,850-meter (29,035-foot) peak on ...
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Japan approves joining intl child abduction pact
TOKYO -; Japan's parliament has approved joining an international child custody treaty amid foreign concerns that Japanese mothers can take children away from foreign fathers without ...
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Sunbathing crocodile shocks Indonesian beachgoers
JAKARTA--Hundreds of sunbathers fled a popular Indonesian beach in panic when a four-meter (13-foot) crocodile laid down next to them to soak up some rays, an official said Wednesday. Crowds were thronging the beach at Balikpapan on Borneo island at the weekend when the 500 kilogram (1,100 pound) reptile crawled ashore. ';The crocodile was spotted sunbathing near the lifeguard post on ...
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China to host conference of Asian parties
China will host a special conference of the International Conference of Asian Political Parties (ICAPP), according to the International Department of the Central Committee of the Communist Party of China (CPC).The conference will run under the theme, "Promote green development and build a beautiful Asia together," and be held in Xi'an, capital city of northwestern China's ...
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Japanese PM to visit Myanmar for first time in 36 years
Japanese Prime Minister Shinzo Abe will visit Myanmar from May 24 to 26 to boost bilateral economic ties, becoming the first prime minister to visit the Southeast Asian country in 36 years, Japanese Chief Cabinet Secretary Yoshihide Suga said Wednesday.During his visit, Abe, who will be accompanied by a group of Japanese business leaders, is expected to hold talks with Myanmar's leaders and ...
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Asia-Pacific real estate investment trusts gain 18 in first four months of year
Property trusts across the Asia-Pacific have performed impressively in recent months, led by a surge in the value of Japanese real estate investment trusts (Reits). Reits in Japan gained 29.8 per cent in the first four months of this year, pulling up the region to an overall gain of 18.1 per cent in the same period. Singapore Reits were the next best performers, with a 14.7 per cent gain in ...
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Riding out Oklahoma tornado in a walk-in freezer A survivors tale
tornado ever bore down on her Chinese restaurant, folks could take refuge in its roomy walk-in freezer. On Monday, Zhang got the chance to test their idea -- and to live to tell the tale -- when one of the most powerful and destructive twisters to hit the United States in recent years ripped through this Oklahoma City suburb. "I'm so lucky," she said, over and over, as she told ...
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Chinese Premier arrives in Pak on two-day visit
Li Keqiang was accorded a red carpet welcome as he arrived here today on a two-day maiden visit to "iron brother" Pakistan for talks on bilateral and regional issues focusing economic cooperation. ...
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Fishermen pay price in Asia’s volatile sea rifts
MASINLOC, Philippines--Along the northwestern Philippine coast, poor children with claw hammers clamber aboard an abandoned fishing vessel to pry loose and steal rusty nails from its deck. It’s become a familiar sight in villages where some fishermen have been forced to give up their livelihoods since China took control of their fishing haven last year. Fishermen say Chinese maritime ...
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Asian equities are supported by the soft Fed comments yesterday
EUR/USD initially failed to extend the tentative short-term uptrend that started on Monday. EUR/USD tried to regain the 1.29 mark at the onset of trading in Europe. However, as was the case on Friday evening and earlier yesterday in Asia, this was a too high hurdle. EUR/USD gradually drifted south and reversed a big part of Monday's rebound. There was hardly any news. European equities ...
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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