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SE Asia Stocks-Fall on Fed China data jitters Spore Thailand hit 2-wk low
BANGKOK, May 23 (Reuters) - Southeast Asian stocks fell on Thursday, with Singapore marking its worst week since November 2012 and Thai stocks at their lowest close in more than two weeks, as worries over the future of U.S. monetary stimulus and weak Chinese data dented global sentiment. Singapore, Thailand and Malaysia saw weakness in large caps such as Singapore Telecommunications Ltd, Siam ...
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RPT-WRAPUP 1-Asian markets sell off on Bernanke remarks China PMI
Thu May 23, 2013 6:05am EDT * Asian shares down after China HSBC flash PMI, credit spreads wider * Nikkei plunges 7 percent, 11th worst daily drop * JGBs bounce after 10-year JGB yield hits year highs * Korean won worst hit as dollar rises broadly By Masayuki Kitano and Hideyuki Sano SINGAPORE, May 23 (Reuters) - Hawkish comments by U.S. Federal Reserve Chairman Ben Bernanke and weakness in ...
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Father of Afghanistan cricket captain abducted near his home
KABUL - Gunmen kidnapped the father of Afghanistan's national cricket team captain near his home in an eastern city, officials said Thursday. There has been no ransom demand since Mohammad Nabi's 60-year-old father Khobi Khan was abducted from his car in the city of Jalalabad, cricket board president Shazada Masoud said. Police are searching for Khan, but there have been no leads or ...
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Lydia Davis wins Man Booker International PrizeAmerican writer Lydia Davis edged past Indian literary veteran U R Ananthamurthy to win the Man Booker International Prize 2013 on Wednesday night.
edition of the award at the Victoria and Albert Museum in London. She was chosen from a list of 10 eminent contenders, including Kannada writer Ananthamurthy. The prize, worth 60,000, is awarded for an achievement in fiction on the world stage. It is presented once every two years to a living author for a body of work published either originally in English or available in translation in English. ...
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North Korea envoy awaits chat with Chinas leader
BEIJING (AP) -- While a North Korean envoy waits for an expected meeting with China's Communist Party chief, his Chinese hosts are taking him touring in ...
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Chinas continuing progress the biggest fact in Asias success Singaporean PM
Visiting Singaporean Prime Minister Lee Hsien Loong said here Thursday that Asia has successfully recovered from depression and faster than expected with China's continuing progress, the biggest fact of Asia's success.Lee made the remark in a keynote speech during the 19th International Conference on the Future of Asia, adding Asia's global role has grown and the region is ...
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Japan protests at S Korean dailys A-bomb op-ed
Japan accused a South Korean newspaper of "dishonourable" behaviour for publishing an editorial suggesting the atomic bombings of Hiroshima and Nagasaki were "divine ...
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Italian arrested in Thailand over US$10m fraud
Thai authorities have arrested an Italian wanted over alleged links to a human trafficking ring which swindled around US$10 million from European taxpayers and ...
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Myanmars goldrush luring foreigners in droves
From seasoned investors to recent graduates armed with little more than hastily-made business cards and dreams of striking it rich, foreigners are pouring into Myanmar to stake a claim as it opens ...
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UK emergency committee meets after London attack we will never buckle says Cameron
David Cameron says there are strong indications it was an act of terrorism, and his top advisers will be examining the potential security implications of the attack, which took place near a London military barracks. One of the attackers went on video to explain the crime -- shouting political statements, gesturing with bloodied hands and waving a meat cleaver. Police shot and wounded the ...
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Sri Lanka hails Indian housing assistance
COLOMBO: Sri Lanka has welcomed a whopping Rs 1,372 crore Indian housing assistance programme to build around 4000 homes in the country's eastern province. The housing assistance programme is one of the largest grant assistance projects implemented by India outside the country. Sri ...
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Asia in the ageing century part I – population trends
23 May 2013 | While Asia's population is expected to increase by one billion people in the next thirty years, the significant demographic story is the change in its age ...
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The Asian stock indexes suffered
The financial markets have been adverse to risk since the Federal Reserve reiterated the prospect of scaling back its asset purchase program in June. While quantitative easing must be curtailed and eventually ended at one point or another, the markets were clearly hoping for a much further point, since the US economic recovery hasn't produced real jobs growth. Adding to risk off is the ...
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Heavy Sell-Off on Asian Equities
The Asian markets were squeezed by heavy sell-off on the equity markets. Nikkei 225 closed 7.32% down after having rallied to 5 year high; Hang Seng slid 2.35% as HSBC flash manufacturing PMI index retreated to 49.6 - its 7-month low - indicating that Chinese manufacturing contracted in May. Taiex and Kospi index fell 1.92% and 1.24%, while the Australian ASX 200 index lost 2% as the inflation ...
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Burma New Doubts About Pace of Reforms
Burma ’s president to ask tough questions about the slowing pace of human rights reforms and insist on implementation of past commitments, Human Rights Watch said today. President Barack Obama is hosting a visit to Washington, DC, by Burma’s president Thein Sein on May 20-21, 2013. Six months after Obama’s visit to Burma, key pledges by the Burmese government remain ...
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ASIA CREDIT CLOSE Nikkei rout adds push to credit sell-off
Thu May 23, 2013 4:43am EDT SINGAPORE, May 23 (IFR) - A sell-off in Asian credit gained momentum after the Japanese stock market suffered a steep drop this afternoon. Investment-grade credits were already some 2bp wider in the morning as investors digested the content of Fed chairman Ben Bernanke's testimony last night to the US Congress. However, after lunch a 7.5%-plus drop in the Nikkei ...
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Stricken Japan nuke plant struggles to keep staff
TOKYO (AP) -- Keeping the meltdown-stricken Fukushima nuclear plant in northeastern Japan in stable condition requires a cast of thousands. Increasingly the plant's operator is struggling to find enough workers, a trend that many expect to worsen and hamper progress in the decades-long effort to safely decommission ...
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Perth could be Asias oil gas tech hub
Perth has an opportunity to become the best oil and gas technology centre in Asia by modelling itself on major hubs in Scotland and Norway.Some of the world's biggest oil and gas companies continue to attract bright professionals to Western Australia and salaries in the local energy sector are now among the highest in the world.Woodside Petroleum chief executive Peter Coleman says Perth has ...
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Bangladesh Owners many failings led to collapse
FILE - In this Sunday, May 12, 2013 file photo, Bangladeshi soldiers stand amid the rubble of the garment factory building that collapsed on April 24 as they continue search operation in Savar, near Dhaka, Bangladesh. A government investigation said poor quality construction materials and building code violations contributed to the collapse of building housing garment factories last month in ...
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Heat wave causes power outages anger in India
An Indian man bathes as a woman prepares to wash clothes at a lake on a hot afternoon in New Delhi, India, Wednesday, May 22, 2013. The capital city has been reeling under a heat wave with temperature crossing 44 degree Celsius (112 Fahrenheit) on Wednesday. (AP Photo/Altaf ...
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Business Briefs May 23
* APMTenninals, a member of A.P. Moller-Maersk Group, on Monday held a meeting with the Ministry of Transport to discuss the construction of an international goods transhipment centre in Cai Mep-Thi Vai, Ba Ria-Vung Tau Province. * GM Motor Vietnam on Monday introduced in Vietnam the new mini Chevrolet Spark 1.0 AT directed at young, dynamic first-time car buyers and urban residents. The ...
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Asian Debt Beware of Bubbles
Gresik is a small industrial town of fewer than 100,000 people, just to the north of Indonesia's second-largest city, Surabaya in East Java. But its position is critical. It sits near the Lombok Strait, the second most important shipping gateway between the Indian Ocean and the South China Sea and the vital trade route for fuel and resources between China and Australia. That is why AKR ...
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NZ US agree on further co-op in Asia-Pacific
/enpproperty--> WELLINGTON - Government and defense officials from New Zealand and the United States on Thursday reiterated their commitment to continue strengthening their "strategic partnership" on a range of issues in the Asia-Pacific region. A joint statement issued from the US-New Zealand Strategic Dialogue in Washington said the issues discussed included the US ...
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Four sentenced to death over grisly Malaysia murders
A Malaysian court on Thursday sentenceda lawyer and three farm workers to death over the gruesome murder of aglamorous cosmetics tycoon and her three ...
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Outrage grows over scandal-tainted Sarawak chief minister
Despite earning a civil servant's salary for three decades, Taib Mahmud, the powerful chief minister of Malaysia's Sarawak state, is reputed by critics to be one of Asia's richest ...
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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