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SKorean nuclear operator raided in cable probe
SEOUL, South Korea -- South Korea's sole nuclear operator says investigators raided its offices as part of a probe into nuclear plant cables.Korea Hydro & Nuclear Power Co. spokesman Lee Yoon-dong said Thursday prosecutors seized documents and computer hard drives from offices including its headquarters in southeastern Korea. Prosecutors could not be reached for comment.South Korea ...
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AP PHOTOS Bangladesh collapse left many amputees
SAVAR, Bangladesh -- It was the worst disaster in the history of the garment industry. When the Rana Plaza factory building crashed down in April, 1,129 people were killed. But many others had to sacrifice their limbs to survive.Arms and legs were trapped under the building rubble, forcing rescuers with no medical training to perform amputations on the spot to free the victims. No anesthesia ...
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Asian assets hammered on China fears
Tokyo - Asian markets buckled badly on Thursday after the Federal Reserve heralded an eventual end to free money and China turned the screw on credit even as factory activity in the world's second largest economy hit a nine-month ...
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Indonesia chides Singapore over reactions on haze situation
Indonesia on Thursday accused Singapore of"behaving like a child" by complaining about severe haze from raging forest fires on Sumatra island that has cloaked the ...
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148 forest hot spots detected in Indonesias Riau province
The number of the hot spots in Riau increased to 148from 106 on June 18, indicating that the forest and plantation fires in theprovince have spread to a wider ...
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Service centre planned to help SMEs access Asean markets
Thailand's Commerce Ministry's Trade Negotiations Department will forge closer ties with the private sector and other organisations to help small and medium-sized enterprises (SMEs) penetrate Asean markets. Director-general Piramol Charoenpao said his department in cooperation with private enterprises, financial houses, educational and research institutions, and legal and accounting ...
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NZ shares join Asia-wide rout
Source: Photos.com New Zealand shares fell, joining an Asia-wide rout after the Federal Reserve signalled an end to bond buying, weak Chinese manufacturing figures and economic growth at home that missed expectations. Chorus, Diligent Board Member Services and Westpac Banking Corp paced the slide. The NZX 50 Index fell 49.62 points, or 1.1 percent, to 4395.93. Within the index, 39 stocks ...
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India floods strand thousands more than 100 dead
LUCKNOW, India (AP) -- Days after floods killed more than 100 people - possibly many more - Indian officials say rescuers are using helicopters and climbing through mountain paths to reach nearly 4,000 people trapped by landslides in a narrow valley near a Hindu shrine in the northern ...
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SKorea adopts tougher penalties for sex offenders
SEOUL, South Korea (AP) -- South Korea says it's taking tougher action against sex offenders by allowing plaintiffs other than the direct targets of sexual violence to press charges of rape or sexual ...
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Southeast Asia e-tailer Lazada raises $100M in funding
(Credit: Lazada) Lazada, an online retail sales business focusing on Southeast Asia, announced Wednesday it has raised another $100 million from investors apparently confident of the region's growth potential. The e-commerce site, which bills itself as the "Amazon of Southeast Asia," was launched in early 2012 by Germany's Rocket Internet, which specializes in ...
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Myanmar welcomes ILO decision to lift restrictions
International Labor Organization to lift all remaining restrictions on the formerly isolated nation will help accelerate trade and foreign investment. The UN agency initially imposed restrictions - which recommended its 185 member nations limit relations - just over a decade ago because of the military regime's use of forced labor. The decision on Wednesday cited progress by President Thein ...
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Mandela International Day launched
Nelson Mandela Centre of Memory (NMCM) on Wednesday launched the Mandela International Day, even as the anti-apartheid icon spent his 12th day in hospital for a recurring lung problem. Wednesday's event marked the official launch of programmes to celebrate Mandela's 95th birthday July 18, Xinhua reported. July 18 was endorsed in 2009 by the UN General Assembly as Nelson Mandela ...
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Thick haze sweeps through Singapore
Smoke from forest fires in Indonesia has choked Singapore, prompting authorities here to take precautionary measures following the worsening pollution level in the ...
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Singapore haze at worst yet Malaysia schools shut
SINGAPORE (AP) -- Singapore urged people to remain indoors amid unprecedented levels of air pollution Thursday as a smoky haze wrought by forest fires in neighboring Indonesia worsened dramatically. Nearby Malaysia closed 200 schools and banned open burning in some ...
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China astronaut teaches lesson from space
Crew members of Shenzhou-10 (back L-R) Wang Yaping, Nie Haisheng and Zhang Xiaoguang attend a press conference in Jiuquan, northwest China’s Gansu province on June 10, 2013. China is to send its second woman astronaut into orbit on its longest mission yet, space officials said on June 10, as the country works towards building a space station. AFP PHOTO BEIJING – A Chinese astronaut ...
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Royal prank call Australian station tries to halt probe
Australian radio station involved in the controversial royal prank call that led to the suicide of an Indian-origin nurse at a UK hospital is reportedly trying to block investigation into its conduct. Australian Communications and Media Authority (ACMA) said Sydney radio station 2Day FM has applied to the Federal Court for an order to stop ACMA from continuing its investigation into the ...
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The Asian stock markets plunged in line with the US markets
The appetite for risk remained subdued in the Far East after imploding late Wednesday, when the Federal Reserve maintained its bond-buying program, but Chairman Ben Bernanke hinted that the FOMC plans to moderate purchases later this year. The foreign currencies remain under pressure after tanking. The Asian stock markets plunged in line with the US markets. The short-term outlook for the ...
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US spying foiled attack in India during CWGThe Obama administration has claimed that more than 50 potential terrorist plots have been busted worldwide since 911 including in India thanks to US surveillance.
In Berlin, Obama revealed hat he came to office "with a healthy skepticism about how our various programs were structured," and maintained that he has been "able to do is examine and scrub how our intelligence services are ...
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$A does little to deter Asian travellers
A growing influx of travellers from Asia are flying into Sydney, with Chinese and Singaporean visitor numbers surging during May. The Australian dollar still held above parity with the greenback until last month, but this did little to deter overseas visitors, with international air travel volumes taking off by 5.9 per cent. Meanwhile, Chinese visitor numbers surged by 29.4 per cent in May ...
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Asian stocks down as Fed sees slower bond buys
A visitor is seen at Tokyo Stock Exchange during a morning trading in Tokyo Monday, June 17, 2013. Asian stocks edged up Monday amid hopes that the U.S. Federal Reserve will put off plans to wind down its stimulus program. Tokyo's Nikkei 225, the regional heavyweight, jumped 2.2 percent to 12,960.81, extending Friday's 2.4 percent ...
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Asian firms need to understand politics to succeed experts
Asian companies will have to reinvent their business strategies and develop long-term plans in order to be able to take the advantage of the surge in the region's economy, experts have said. In addition to the improvement of marketing strategies, companies should also understand the highly dynamic local political situation in the region to achieve success. Takumi Shibata, ...
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Asia Markets Asia stocks take double hit from Fed China data
HONG KONG (MarketWatch) -- Asian stocks fell Thursday as data showed Chinese manufacturing activity deteriorating further in June, adding to the selling pressure after the Federal Reserve signaled it may wind down its bond purchases if the U.S. economy continued to ...
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Asian Markets Trade Sharply Lower
markets are mostly trading sharply lower on Thursday, tracking cues from Wall Street where stocks tumbled overnight after the U.S. Federal Reserve hinted at winding up its stimulus program by mid-2014.The Australian stock market is trading sharply lower with investors pressing heavy sales almost across the board.Financial, mining, energy, industrial, consumer discretionary and property trusts ...
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China jails 11 for extremist crimes in Muslim west
BEIJING -- China says it has sentenced 11 people for inciting religious extremism and related crimes in the northwestern Muslim region of Xinjiang.The sentences handed down Wednesday come shortly before the July 5 anniversary of the bloodiest recent ethnic rioting in the region four years ago.The Justice Ministry's official newspaper Legal Daily said Thursday that Aihetaimu Heli was given ...
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Top Asian companies more optimistic but sentiment in Thailand sags
Asia's top companies have become more optimistic about their business outlook with the retail and shipping industries rebounding sharply in the second quarter of this year, according to the latest Thomson Reuters/Insead Asia Business Sentiment Survey. Thailand's sentiment index dropped to an all-time low of 42 from 60 in the survey. The Asia Business Sentiment Index climbed 6 points ...
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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