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By , on June 19th, 2013 <!– google_ad_section_start –> SEOUL, South Korea (AP) — Global stock markets were mostly lower Wednesday as investors waited for an update on the U.S. economy from the Federal Reserve. Investors were waiting to see if the Fed, which wraps up a two-day policy meeting later in the day in Washington, will make changes to its strategy of super-low interest rates and easy money that is helping to shore up the U.S. economy. Any change is likely to ripple through stock markets. <!– google_ad_section_end –>
Continue reading World markets mostly down as investors eye Fed
By , on June 19th, 2013 <!– google_ad_section_start –> Superman visited China on Wednesday as actor Henry Cavill arrived in Shanghai for the mainland premiere of Man of Steel, the new reboot of Warner Bros’ long-running film franchise. <!– google_ad_section_end –>
Continue reading It’s a bird, it’s a plane, it’s… Superman in China
By , on June 18th, 2013 <!– google_ad_section_start –> In a lonely corner of the Pacific, 1,740 kilometres south of Tokyo, a tiny but potentially crucial piece of Japanese territory is now rising from the waves. Photographs emerged this week showing that construction of a 160-metre dock on the atoll of Okinotorishima is well under way. The costly piece of infrastructure, which will dwarf the uninhabited land mass that it is designed to serve, is likely intended to help Japan argue for the extension of its exclusive economic zone a further 200 nautical miles into the Pacific. <!– google_ad_section_end –>
Continue reading Build-up on remote Japanese atoll raises strategic questions
By , on June 18th, 2013 <!– google_ad_section_start –> Foreign direct investment (FDI) into China rose during the first five months of this year, the government announced on Tuesday, paced by strong increases from the European Union and United States. Incoming FDI, which excludes financial sectors, rose 1.0 per cent to US$47.6 billion (HK$369.4 billion) from January through May, the Commerce Ministry announced. It was also up 0.3 per cent in May to US$9.26 billion (HK$71.9 billion) from the same month last year, the ministry said. <!– google_ad_section_end –>
Continue reading FDI into China rises in Jan-May: govt
By , on June 18th, 2013 <!– google_ad_section_start –> The United States and the European Union launched talks on Monday to create one of the world’s most ambitious free-trade zones, as France again underscored its determination to protect its movies and culture. A trans-Atlantic free trade agreement was first considered three decades ago but was knocked down by France in the 1990s. Europe has now managed to get Paris onside, opening the way to a deal that could boost the EU and US economies by more than US$100 billion (HK$776.0 billion) a year each. <!– google_ad_section_end –>
Continue reading EU, US leaders launch trade talks, France digs in on culture
By , on June 18th, 2013 <!– google_ad_section_start –> TOKYO (AP) — Jitters over a possible change in U.S. stimulus efforts by the Federal Reserve helped pull share prices mostly lower in early Asian trading Tuesday. Asia’s biggest benchmark, Japan’s Nikkei stock average, shed early gains to fall 0.6 percent by mid-morning in choppy trading, to 12,956.78. Hong Kong’s Hang Seng index dropped 0.7 percent to 21,075.01, while South Korea’s KOSPI index rose 0.1 percent to 1,885.77. <!– google_ad_section_end –>
Continue reading Uncertainty over US stimulus drags shares lower
By , on June 17th, 2013 <!– google_ad_section_start –> Singapore urged Indonesia to take “urgent measures” as severe air pollution from forest fires on Sumatra choked the densely populated city state. Singapore’s skyscrapers, including the Marina Bay Sands casino towers, were yesterday shrouded in haze and the acrid smell of burnt wood wafted through the central business district. Parts of Malaysia also suffered from the smoky haze, a recurring problem Southeast Asian governments have failed to solve, despite repeated calls for action. <!– google_ad_section_end –>
Continue reading Smoky haze from Indonesian forest fires chokes Singapore, Malaysia
By , on June 17th, 2013 <!– google_ad_section_start –> British Prime Minister David Cameron says leaders gathering on Monday for the G8 summit in Northern Ireland should reach speedy agreement on trade and tax reforms, and draw inspiration from the host country’s ability to resolve its own stubborn conflict. Speaking hours ahead of the summit’s official opening at a lakeside golf resort, Cameron said he expects formal agreement to launch negotiations on a European-American free trade agreement. He said a pact to slash tariffs on exports would boost employment and growth on both sides of the Atlantic. <!– google_ad_section_end –>
Continue reading Britain’s Prime Minister Cameron rallies world leaders to G8 summit
By , on June 17th, 2013 <!– google_ad_section_start –> The highly publicised divorce between News Corp chief executive Rupert Murdoch and his third wife, Wendi Deng, has divided the online community, especially after a BBC correspondent familiar with the matter revealed on Twitter that Murdoch’s reasons for divorce were “jaw dropping”. <!– google_ad_section_end –>
Continue reading Wendi Deng called ‘evil’ and ‘admirable’ on China’s Weibo after Murdoch divorce news
By Kevin Kwan, on June 16th, 2013 Planes with bowling alleys, teams of maids, cash stuffed under the mattress—just a few of the crazy experiences with seriously wealthy Asians that author Kevin Kwan has experienced in his life.
Continue reading Lifestyles of the Rich and Asian
By , on June 16th, 2013 <!– google_ad_section_start –> The Pentagon confirmed on Saturday that F-16 fighter jets and Patriot missile interceptors will remain in Jordan after the end of a joint military exercise this month. <!– google_ad_section_end –>
Continue reading US says fighter jets, missiles will stay in Jordan after joint exercises
By , on June 15th, 2013 <!– google_ad_section_start –> A massive database of private offshore banking entities that could be used for tax evasion was posted online for public use on Friday by the muckraking group that first reported the files. The International Consortium of Investigative Journalists said anyone can now search the records of some 100,000 companies, trusts and funds located in leading tax havens to see who could be making use of them to skirt home-country taxes. <!– google_ad_section_end –>
Continue reading Massive database reveals offshore banking entities that could be used for tax evasion
By By BETTINA WASSENER, on June 13th, 2013 The dip comes amid a steady slide in the Japanese markets, as enthusiasm for Abenomics flags and investors worry about the U.S. Fed tightening policy.
Continue reading Nikkei Dives More Than 5 Percent in Morning Trading
By , on June 13th, 2013 <!– google_ad_section_start –> A Muslim man whose attack on a Buddhist woman set off sectarian rioting in Myanmar’s northeast has been sentenced to 26 years in prison, a local politician said. The court sentenced 48-year-old Ne Win on Tuesday after he was convicted of attempted murder, causing serious injury and possession and use of illegal drugs, said National League for Democracy member Sai Myint Maung, who attended the trial. The rioting in Lashio in Shan state marked the extension of deadly anti-Muslim violence from areas in western and central Myanmar. <!– google_ad_section_end –>
Continue reading Myanmar man jailed for 26 years after attack on woman that sparked rioting
By By THE ASSOCIATED PRESS, on June 13th, 2013 Asian stocks slid in early Thursday trading as gyrations on the Tokyo market, the region’s biggest, continued, fueled by worries about a surging yen and monetary policies in the U.S. and Japan.
Continue reading Asian Stocks Slide Led by Tokyo on Worries
By , on June 12th, 2013 <!– google_ad_section_start –> WASHINGTON (AP) — The man who told the world about the U.S. government’s gigantic data grab also talks a lot about himself. Mostly through his own words, a picture of Edward Snowden is emerging: fresh-faced computer whiz, high school dropout, wanna-be Army commando, disillusioned cog in a secret bureaucracy. He has retained an aura of secrecy despite sitting for several days of interviews with The Guardian, some posted in online video. Snowden combines an earnest, deeply serious demeanor with a flair for the dramatic. <!– google_ad_section_end –>
Continue reading Leaker mysterious despite hours of interviews
By , on June 12th, 2013 <!– google_ad_section_start –> WASHINGTON (AP) — The man who told the world about the U.S. government’s gigantic data grab also talks a lot about himself. Mostly through his own words, a picture of Edward Snowden is emerging: fresh-faced computer whiz, high school dropout, wannabe Green Beret, disillusioned cog in a secret bureaucracy. He’s retained an aura of secrecy despite sitting for several days of interviews with The Guardian, some posted in online video. Snowden combines an earnest, deeply serious demeanor with a flair for the dramatic. <!– google_ad_section_end –>
Continue reading NSA leaker mysterious despite hours of interviews
By , on June 12th, 2013 <!– google_ad_section_start –> A high-profile Australian political candidate apologised yesterday for a menu at one of his fundraisers, featuring a quail dish named after Prime Minister Julia Gillard which was described as having “small breasts” and “huge thighs” and made a vulgar reference to her genitalia. The incident was the latest example of gender warfare that has become a part of the Australian political scene since Gillard became the nation’s first woman prime minister. <!– google_ad_section_end –>
Continue reading Sexism furore as fundraising dinner menu pokes fun at Australian PM Julia Gillard
By , on June 12th, 2013 <!– google_ad_section_start –> BEIJING (AP) — Asian stocks fell Wednesday amid concern about a lack of new Japanese moves to calm bond markets and uncertainty about the outlook for U.S. monetary policy. Oil prices fell to below $95 per barrel amid concern central bankers around the world might ease off measures to boost the global economy. Investors were disappointed after Japan’s central bank failed to deliver expected measures Tuesday to ease bond market volatility. Instead, the bank only upgraded its economic outlook. <!– google_ad_section_end –>
Continue reading Asian markets down on concern about Japan, US
By , on June 12th, 2013 <!– google_ad_section_start –> A top US official has sought to send a reassuring message that ties between the US and Hong Kong would not be adversely affected by the controversy surrounding US whistle-blower Edward Snowden. Francisco Sanchez, undersecretary for international trade at the US Department of Commerce, said during an interview with Hong Kong journalists in New York on Tuesday: “Events … come and go. But the friendship and partnership between Hong Kong and the US is strong.” “It’s in mutual interest and it will continue to thrive in future,” he added. <!– google_ad_section_end –>
Continue reading Edward Snowden case will not hurt US and Hong Kong ties, trade official says
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World markets mostly down as investors eye Fed
<!– google_ad_section_start –> SEOUL, South Korea (AP) — Global stock markets were mostly lower Wednesday as investors waited for an update on the U.S. economy from the Federal Reserve. Investors were waiting to see if the Fed, which wraps up a two-day policy meeting later in the day in Washington, will make changes to its strategy of super-low interest rates and easy money that is helping to shore up the U.S. economy. Any change is likely to ripple through stock markets. <!– google_ad_section_end –>
Continue reading World markets mostly down as investors eye Fed
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