Latest Asia News
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IMDEX Asia 2013 Ends on a Record-breaking High
Singapore, May 20, 2013 - (ACN Newswire) - The ninth edition of the International Maritime Defence Exhibition (IMDEX Asia), Asia-Pacific's foremost maritime defence show, ended on a high last Thursday, 16 May, with a record number of participating companies and VIP delegations. 9,072 trade visitors from 59 countries/regions, a 16% increase from the last show, attended the three-day event at ...
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Former Pakistani dictator Pervez Musharraf granted bail in Benazir assassination case
Pervez Musharraf became the first former army chief to be arrested, breaking an unwritten rule that the top ranks of the military are untouchable, even after they have ...
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Two tourists killed in Turkey hot-air balloon collision
ISTANBUL: A Brazilian and a Spanish tourist died on Monday and 23 other people were hurt after two hot-air balloons collided in a beauty spot in central Turkey, officials said. The accident occurred over Cappadocia's sculpted rock formations when one balloon collided with the basket of another balloon above and crashed to the ground, the governor of Nevsehir province, Abdurrahman Savas, ...
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Imran Khans party wins Karachi seat election rerun
KARACHI (AFP) - The party of former Pakistani cricket hero Imran Khan secured victory in a repeat election held in one constituency of violence-plagued Karachi, election officials said Monday.Voting was held under tight security in 43 polling stations on Sunday, a day after a senior official of Khan's Tehreek-e-Insaaf (PTI) party was shot dead outside her home in the city.Polling was re-run ...
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Inside Asia On Chinas Border Underground Banking Flourishes
ZHUHAI, China ...
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Pakistan court grants Musharraf bail in Bhutto murder
A Pakistani court on Monday granted bail to former military ruler Pervez Musharraf over the murder of Benazir Bhutto, an official said, but the retired general remains under house arrest. "General Musharraf's bail has been confirmed" by an anti-terrorism court in the garrison town of Rawalpindi, next to Islamabad, court official Mohammad Aslam Joya told AFP. Judge Habibur Rehman ...
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Asias Ascott inks deal for first Saudi property
Singapore-based Ascott Limited, the world's largest international serviced residence owner-operator, has entered Saudi Arabia by securing a management contract for its first residence in ...
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Asia Fuel Oil-Surplus fuel weighs on prices amid lacklustre demand
SINGAPORE, May 20 (Reuters) - Asian fuel oil refining margins and cash premiums were under pressure on Monday, thanks to oversupply because of heavy arbitrage flows from the West, while demand showed no signs of expanding despite a drop in outright prices. Asia cash premiums for the 380-centistoke (cst) benchmark for the marine fuels market were at 9 cents a tonne, down 27 cents ...
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Vietnam Drop Charges for Leafleting
Vietnam should drop charges and free two activists arrested in October 2012 for "conducting propaganda against the state. Nguyen Phuong Uyen and Dinh Nguyen Kha are scheduled to be tried in the People’s Court of Long An province on Thursday, May 16, 2013. According to state media, Nguyen Phuong Uyen and Dinh Nguyen Kha were arrested for handing out leaflets that "distort the ...
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Chinese Indian leaders call for cooperation
Chinese Premier Li Keqiang waves to Indian Prime Minister Manmohan Singh, right, as he leaves the Indian Presidential Palace after his ceremonial reception in New Delhi, India, Monday, May 20, 2013. Just weeks after a tense border standoff, Li visited India on his first foreign three-day trip as the neighboring giants look to speed up efforts to settle a decades-old boundary dispute and boost ...
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Markets solid despite Fed policy speculation
A man under an umbrella walks past an electronic stock board of a securities firm in Tokyo Monday, May 20, 2013. Japan's Nikkei 225 index jumped 1.4 percent to 15,352.84 as evidence of a steady economic recovery in the U.S. helped push Asian stock markets higher Monday. (AP Photo/Koji ...
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SE Asia Stocks-Indonesia jumps after new finmin Thailand at new high
BANGKOK, May 20 (Reuters) - Southeast Asian stock markets gained on Monday as optimism about global growth lifted sentiment in overseas markets while Indonesia's main index rose to a new all-time closing high, after the appointment of a new finance minister. Jakarta's Composite Index ended up 1.4 percent at 5,214.97, pushing up its year-to-date gain to 21 percent, Southeast Asia's ...
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China presses North Korea over detained sailors ministry
China has called on Pyongyang to intervene over North Koreans detaining a Chinese fishing boat, it said Monday, after the vessel's owner said armed hijackers had demanded a ransom for 16 ...
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North Korea fires sixth missile in three days
North Korean leader Kim Jong-un applauds with children uring a visit to the Pyongyang Myohyangsan Children's Camp, situated at the foot of Mt. Myohyang in North Phyongan Province, in this photo released by North Korea's Korean Central News Agency (KCNA) on May 20, 2013. ...
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Asian death wave tops a year of big disasters
The earthquake and tidal waves that took the lives of more than 23,000 in countries around the Indian Ocean was the latest and biggest of a series of natural disasters in 2004, one of the worst years in recent memory. The other events include:February 24Morocco. An earthquake with a magnitude of 6.1 hit the northeastern region of Al Hoceima, killing 628 and injuring more than 900. March ...
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Obama exhorts good deeds by Morehouse graduatesSo yes go get that law degree.But if you do ask yourself if the only option is to defend the rich and powerful or if you can also find time to defend the powerless Obama said.
ATLANTA: President Barack Obama, in a soaring commencement address on work, sacrifice and opportunity, on Sunday told graduates of historically ...
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Syria war Israel warns of more strikesLebanese Hezbollah militants attacked a Syrian rebel-held town alongside Syrian troops on Sunday and Israel threatened more attacks on Syria to rein the militia in highlighting the risks of a wider regional conflict
Syria to rein the militia in, highlighting the risks of a wider regional conflict if planned peace talks fail. Activists said it was the fiercest fighting in Syria's two year-old civil war involving Hezbollah, a Shi'ite group backed by Iran which they said appeared to be helping ...
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Associated Press CEO calls records seizure by US govt unconstitutional
WASHINGTON: The Associated Press' president and chief executive says the government's secret seizure of two months of reporters' phone records has already had a chilling effect on news gathering, a week after the subpoenas were revealed ...
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World stocks rise on signs of steady US recovery
A man under an umbrella walks past an electronic stock board of a securities firm in Tokyo Monday, May 20, 2013. Japan's Nikkei 225 index jumped 1.4 percent to 15,352.84 as evidence of a steady economic recovery in the U.S. helped push Asian stock markets higher Monday. (AP Photo/Koji ...
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At least 12 dead in China factory explosion
BEIJING -; A massive blast ripped through an explosives factory Monday in eastern China, killing at least 12 people and leaving others buried in the debris, state media ...
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Malaysia court orders release of 3 terror suspects
KUALA LUMPUR, Malaysia -; A Malaysian court has ordered the release of an al-Qaida-linked former army captain and two other suspects charged with inciting terrorist ...
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Asian Stocks Rise On Growth Optimism
Asian stocks rose on Monday, extending a two-week rally, as an upbeat reading on U.S. consumer confidence bolstered optimism about the economic recovery in the world's ...
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Asian shares extend winning streak
Hong Kong shares jumped to their highest since early February on Monday, led by Chinese cyclical counters, as investors chased a resurgent mainland China market on their return from a Friday holiday, which posted a fourth-straight day of ...
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ASIA CREDIT CLOSE Region tightens on constructive backdrop
Mon May 20, 2013 5:40am EDT SINGAPORE, May 20 (IFR) - Credit markets in Asia had a relatively quiet day in the context of a generally constructive tone, on the back of better-than-expected US consumer sentiment data and, as we come up to the close, stronger openings in European markets. The Itraxx IG index is 1bp tighter versus Friday's close, at 101bp bid. A Singapore-based trader saw that ...
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India China vow to end long-running border dispute
The Indian and Chinese premiers pledged on Monday to finally resolve a border disputethat has soured ties for decades, saying good relations between the two Asian giants were key to world ...
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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