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Asia Society Appoints Josette Sheeran As New President
- Sheeran to Bring World Leadership and Diplomatic Experience To Broaden Asia Society's Global Initiatives NEW YORK, May 21, 2013 /PRNewswire/ -- Today Asia Society announced the appointment of Josette Sheeran, the Vice Chair of The World Economic Forum, as the seventh President and CEO of the institution. Ms. Sheeran will assume the office on June 10. "Josette Sheeran is a proven ...
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BlackRock to Buy Real Estate Firm MGPA for Asia Expansion
MGPA for an undisclosed amount to expand real-estate business in the Asia-Pacific region and Europe. MGPA manages about $12 billion, focusing on real estate funds management, co-investments and separate-account mandates for institutional investors, BlackRock said today in a statement. The transaction is expected to close in the third quarter and won't materially affect ...
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Hong Kong hails return of the duck
Rubber Duck by Dutch conceptual artist Florentijn Hofman floats near Ocean Terminal at Hong Kong's Victoria Harbour May 2, 2013. The 16.5-meter-high inflatable sculpture, which made its first public appearance in the territory on Thursday, will be shown at the Ocean Terminal for a ...
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Keyboardist Ray Manzarek of Doors dies at age 74Ray Manzarek a founding member and keyboardist of 1960s rock group The Doors died on Monday at a medical clinic in Germany at age 74 following a battle with cancer the groups manager Tom Vitorino sa
rock group The Doors, died on Monday at a medical clinic in Germany at age 74 following a battle with cancer, the group's manager Tom Vitorino said. Manzarek, who lived in Northern California's Napa Valley wine country for the past decade, had been seeking treatment in Germany for bile duct cancer, Vitorino said. He died in Rosenheim, Germany, surrounded by his wife and brothers. ...
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Deadliest tornado in US in two years frenetic search for survivors as 91 feared dead
The 3-km wide tornado tore through town of Moore outside Oklahoma City, trapping victims beneath the rubble as one elementary school took a direct hit and another was destroyed. (AP ...
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London Mayor Boris Johnson fathered lovechild in 2009
Boris Johnson who is presently married to an Indian, is in the midst of a saucy scandal. It has now been revealed that Johnson fathered a lovechild in 2009. His identity as the father of the child had been kept secret from the public until now as per the wishes of the child's mother and art critic Helen Macintyre. But in a blow to Johnson, the appeal court on Tuesday ruled that the public ...
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Court rules against man for emailing NKorean spy
South Korean Army soldiers patrol along a barbed-wire fence near the border village of the Panmunjom in Paju, South Korea, Monday, May 20, 2103. North Korea fired short-range projectiles into its own eastern waters Monday for a third straight day, Seoul officials said. The North said it was bolstering deterrence against enemy attack. (AP Photo/Ahn ...
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New rice contamination reported in China
BEIJING -; Authorities are investigating rice mills in southern China following tests that found almost half of the staple grain in one of the country's largest cities was contaminated with a toxic ...
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Oil price down to near $96 as traders wait for Fed
By early afternoon in Europe, benchmark crude for June delivery was down 60 cents to $96.11 a barrel in electronic trading on the New York Mercantile Exchange. The contract gained 69 cents to close at $96.71 on ...
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Taipei releases satellite record rejecting Manilas claim
Taiwan on Tuesday released asatelliterecord of the route of a fishing boat fired on by Philippine coastguards, flatly rejecting Manila's allegations that the boat intruded into Philippine ...
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Durian pizzas a hit with China youths
SHANGHAI: Durians are becoming more popular in China, especially among the affluent middle-class with an appetite for the exotic.Regarded by many in Southeast Asia as the king of fruits, the durian is well known for its pungent ...
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RPT-UPDATE 1-Burberry profit rises 14 percent on Asia retail growth
Tue May 21, 2013 8:34am EDT LONDON May 21 (Reuters) - British luxury group Burberry said full-year pretax profit rose a better-than-expected 14 percent on strong retail growth in Asian markets, where it is increasing numbers of Burberry branded stores. Burberry, known for its camel, red and black check-lined raincoats posted adjusted pretax profit of 428 million pounds ($651 million) in the ...
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Asia Entertainment Resources Ltd. Announces Non-Binding Memorandum of Understanding to Acquire VIP Gaming Room at Le ...
HONG KONG--(BUSINESS WIRE)-- Asia Entertainment & Resources Ltd. ("AERL") ( ), which operates through its subsidiaries and related promoter companies that act as VIP room gaming promoters, today announced that it has entered into a non-binding memorandum of understanding, whereby it will acquire all of the outstanding interests and operations of the VIP gaming room at ...
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Asia Distillates-Gasoil margins hit 6-week high on spot demand
SINGAPORE, May 21 (Reuters) - Asian gasoil margins spiked to a 6-week high on Tuesday, rebounding from a two-year low in April, supported by a near-record import from Saudi Arabia and spot demand within Asia, traders said. The June gasoil crack rose 10 cents to $17.04 a barrel above Dubai crude, highest since April 9 when it was at $17.12 a barrel, Reuters data showed. Some spot ...
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Asia NaphthaGasoline-Naphtha up on demand plant outage
SINGAPORE, May 21 (Reuters) - The Asian naphtha price rose for the third straight session to reach a 1-1/2 week high of $882 a tonne on Tuesday, while its margin was at a week's high of $99.30 a tonne, supported by recent refinery outages in India and the Middle East. South Korean demand for additional June cargoes has also given the market a boost. LG Chem bought 50,000 to ...
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Bus collides with truck in India killing 11 including 7 members of wedding party
NEW DELHI - Police say a bus has collided with a truck in northern India, killing 11 people including seven members of a wedding party. Police officer S.K. Awasthi says 30 other people were injured in the accident Tuesday and were hospitalized near Kanpur, 220 kilometres (135 miles) south of New Delhi. He said the wedding party was travelling in the truck, but the bride and bridegroom were ...
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Brazils CSN could see Asian partners exit Namisa unit -report
Tue May 21, 2013 8:06am EDT * Asian partners could exercise put option this July * JFE, Kobe, Posco-led group paid $3.1 bln for stake * CSN declines to comment on Valor report on Namisa SAO PAULO, May 21 (Reuters) - A group of Asian steelmakers that owns 40 percent of Brazilian iron ore producer Namisa could exercise an option to sell their stake to majority shareholder CSN as early as July, ...
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Group More Afghan women jailed for moral crimes
KABUL, Afghanistan (AP) -- An international rights group says the number of Afghan women and girls jailed for "moral crimes" has risen dramatically in the past 18 ...
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Oil price falls toward $96 per barrel
The price of oil retreated toward $96 per barrel Tuesday as investors waited for the Federal Reserve's latest views on the U.S. economy.Benchmark crude for June delivery was down 28 cents to $96.43 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract gained 69 cents to close at $96.71 on Monday.On Wednesday, Fed chairman Ben ...
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Philippines protests Chinese warships presence
CAVITE, Philippines -; The Philippines has protested the presence of a Chinese warship, two surveillance vessels and fishing boats off a shoal occupied by its military in the disputed Spratly Islands, in the latest territorial squabble between the Asian countries, officials said ...
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Markets choppy ahead of Bernanke testimony
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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Huge China sinkhole kills five
FIVE people have died after a 10-metre wide sinkhole opened up at the gates of an industrial estate in Shenzhen, the southern Chinese boom town neighbouring Hong Kong, local authorities say. The Shenzhen Longgang district government said on its verified page on Sina Weibo, China's version of Twitter, that five people had died and added that it was investigating the incident. The sinkhole ...
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Chinese factory blast leaves 13 dead 20 missing
A blast at an explosives plant in China has left 13 people dead and another 20 missing, state media said Tuesday, compounding the country's poor industrial safety ...
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Mumbais property boom widens income gap in city
Mumbai has been experiencing a property boom since post global financial crisis of 2007-08.But as developers cater to the rich, middle- and lower-income earners are in danger of being priced out of the ...
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Tepid Thai growth deepens Asian slowdown fears
Thailand's economy grew more slowly than expected in the first three months of this year Adds to a slew of recent disappointing data from other Asian economies Thai economy contracted by 2.2 per cent seasonally adjusted from the previous quarter Result of faltering Chinese, eurozone, and US demand as well as a strong ...
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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