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By , on May 23rd, 2013 <!– google_ad_section_start –> China’s First Lady Peng Liyuan has made it onto Forbes’ list of the world’s most powerful women, a feat her predecessors have never achieved, but remains overshadowed by her entrepreneurial compatriots. Peng jumped from nil to No 54 in the rankings published on Wednesday after accompanying President Xi Jinping on his maiden trip as head of state through Africa in March. She was showered with praise as an unprecedentedly confident Chinese first lady. <!– google_ad_section_end –>
Continue reading Forbes lists China’s First Lady Peng Liyuan among world’s 100 most powerful women
By , on May 23rd, 2013 <!– google_ad_section_start –> Prosecutors will grill IMF chief Christine Lagarde on Thursday as they investigate whether she should be charged in connection with a state payout to a disgraced tycoon during her time as French finance minister. Lagarde has downplayed the investigation, but the stakes of the probe are huge for both her and the International Monetary Fund. Criminal charges against Lagarde, 57, would mark the second scandal in a row for an IMF chief, after her predecessor Dominique Strauss-Kahn, also from France, resigned in disgrace over an alleged assault on a New York hotel maid. <!– google_ad_section_end –>
Continue reading French prosecutors to grill IMF chief over 2007 payout
By , on May 22nd, 2013 <!– google_ad_section_start –> The scandal-shrouded closure of the short-lived Hong Kong Mercantile Exchange (HKMEx) raised questions about its governance and regulatory oversight, but the key to its demise was a simple inability to compete. Chairman Barry Cheung Chun-yuen’s grand plan for a new commodities exchange was unveiled at a mid-2008 press conference featuring a video of Financial Secretary John Tsang Chun-wah giving his blessing to the project. <!– google_ad_section_end –>
Continue reading Ill-fated Hong Kong Mercantile Exchange simply could not compete
By , on May 22nd, 2013 <!– google_ad_section_start –> Ai Weiwei, China’s most renowned dissident artist, has released a new heavy metal song as the first part of his The Divine Comedy music album on Wednesday. <!– google_ad_section_end –>
Continue reading Video: Ai Weiwei releases heavy metal song about his incarceration
By , on May 21st, 2013 <!– google_ad_section_start –> Police in a Guangdong city said early on Wednesday that they had arrested a man accused of injuring six children and one woman with a butcher knife, ending a manhunt that gripped the province the evening before. <!– google_ad_section_end –>
Continue reading Guangdong manhunt ends with arrest of man suspected of chopping schoolchildren
By , on May 21st, 2013 <!– google_ad_section_start –> The city’s annual budget was passed in the Legislative Council last night by a safe margin after a month-long filibuster. The long-awaited legislative approval ends the prospect of the government running out of cash to operate. Since the financial year started in April, it has been functioning on an interim fund of HK$75.5 billion. <!– google_ad_section_end –>
Continue reading Lawmakers approve budget, to government’s relief
By , on May 21st, 2013 <!– google_ad_section_start –> It’s not your educational background, integrity, experience, or people you know that matters. What it takes to be a good communist leader is “emotional intelligence”, or EQ, says Chinese President Xi Jinping. Xi enlightened his audience during a recent visit to a job fair in Tianjin while talking to a local village official. “Intelligence quotient and emotional quotient – which is more important?,” he asked. After an official said “both”, Xi answered his own question, <!– google_ad_section_end –>
Continue reading Xi Jinping’s ‘emotional intelligence’ comments spark debate
By , on May 21st, 2013 <!– google_ad_section_start –> Buy too much rice in Hong Kong and “you could end up in jail”, Chinese media warned tourists in the wake of the Guangzhou cadmium scandal. <!– google_ad_section_end –>
Continue reading Is rice the new ‘milk powder’ for cross-border tensions?
By , on May 21st, 2013 <!– google_ad_section_start –> An investigation by Spanish authorities on reports that “Chinese mafia” rigged a soccer game has turned into yet another high-profile case involving ethnic Chinese criminal gangs in the country. The match in the Primera Division was played on April 13, at which Valencia-based Levante lost 4-0 to Deportivo La Coruña on their home turf. <!– google_ad_section_end –>
Continue reading Spain investigates ‘various Chinese mafia’ over soccer game rigging
By , on May 20th, 2013 <!– google_ad_section_start –> A public outcry against missing donations by the Red Cross Society of China has morphed into subdued scepticism after the Ministry of Civil Affairs reviewed figures at the weekend that indicated considerable amount of funds had disappeared. On Friday, the ministry, which is charged with supervising charity organisations, had published how much charities nationwide had collected for rescue and reconstruction efforts in Sichuan province after the April 20 earthquake. <!– google_ad_section_end –>
Continue reading China Red Cross donations in doubt after new figures
By , on May 17th, 2013 <!– google_ad_section_start –> A businesswoman in Zhejing province has been sentenced to death for defrauding her clients of around US$70 million in an investment scam, state media reported on Friday as authorities crack down on illegal banking. Lin Haiyan, 39, from the eastern city of Wenzhou, a free-wheeling business hub, was condemned after illegally raising US$104 million from relatives, friends and other investors, the National Business Daily reported. <!– google_ad_section_end –>
Continue reading Wenzhou businesswoman sentenced to death over US$70m investment scam
By , on May 15th, 2013 <!– google_ad_section_start –> The organisation that represents North Korean residents of Japan accused the Japanese government of blocking the sale of its headquarters in Tokyo to a priest who wanted to permit the Chongryon group to remain in the building. <!– google_ad_section_end –>
Continue reading Tokyo accused of blocking deal for North Korean ‘embassy’
By , on May 15th, 2013 <!– google_ad_section_start –> Singapore opened a long-anticipated corruption trial on Wednesday of six church leaders accused of embezzling more than S$40 million (HK$249.44) to fund the pop music career of the wife of their evangelical movement’s founder. <!– google_ad_section_end –>
Continue reading Singapore church on trial in pop star scandal
By , on May 15th, 2013 <!– google_ad_section_start –> Israel’s prime minister is under fire again for a costly lifestyle at taxpayers’ expense, just as his government is slashing welfare benefits and raising taxes to cope with a huge deficit. Israeli media took aim Tuesday at reports that the expenses of Benjamin Netanyahu’s office have soared nearly 80 per cent since he took office in 2009. Netanyahu and his family split their time among three homes, including an official residence. The cost of maintaining them came to roughly US$905,000 last year. <!– google_ad_section_end –>
Continue reading Israeli leader under fire for costly lifestyle
By By JOHN SCHWARTZ, on May 15th, 2013 Kenneth R. Feinberg, a lawyer with a thriving mediation practice, has become the go-to man for running the compensation funds for victims of catastrophes.
Continue reading In Boston, Kenneth Feinberg Again Divides a Victims’ Fund
By , on May 14th, 2013 <!– google_ad_section_start –> Singapore said on Tuesday it will implement new measures that will make it easier to share information with other countries on cross-border tax evaders trying to hide assets in the city-state. The move comes as the United States and developed countries in Europe intensify efforts to ferret out citizens who avoid paying taxes by parking their money in offshore financial centres like Singapore. <!– google_ad_section_end –>
Continue reading Singapore boosts measures against global tax cheats
By , on May 14th, 2013 <!– google_ad_section_start –> BANGKOK (AP) — World stock markets fell Tuesday despite data showing that U.S. consumers were revving up their retail spending last month, as investors made off with profits following recent rallies. The Commerce Department in Washington said retail sales increased 0.1 percent in April from March, an improvement from March’s 0.5 percent decline. Economists had forecast that sales declined by 0.3 percent in April. <!– google_ad_section_end –>
Continue reading World stocks struggle despite US retail sales gain
By , on May 14th, 2013 <!– google_ad_section_start –> BANGKOK (AP) — Asian stock markets were mixed Tuesday in a lukewarm reaction to data showing that U.S. consumers revved up their retail spending last month. The Commerce Department in Washington said retail sales increased 0.1 percent in April from March, an improvement from March’s 0.5 percent decline. Economists had forecast that sales declined by 0.3 percent in April. <!– google_ad_section_end –>
Continue reading Asia stocks mixed after US retail sales gain
By , on May 13th, 2013 
The prime minister arrives in Washington for talks with US President Obama as a debate rages within his party about the UK’s EU membership.
Continue reading Cameron in US as Tory EU row rages
By , on May 13th, 2013 <!– google_ad_section_start –> The Communist Party’s flagship newspaper on Monday published a scathing rebuke against local governments wasting public funds on luxurious office buildings, despite its own construction of a 150m-tall tower in Beijing. <!– google_ad_section_end –>
Continue reading People’s Daily slams Chinese local governments over luxury buildings
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Forbes lists China’s First Lady Peng Liyuan among world’s 100 most powerful women
<!– google_ad_section_start –> China’s First Lady Peng Liyuan has made it onto Forbes’ list of the world’s most powerful women, a feat her predecessors have never achieved, but remains overshadowed by her entrepreneurial compatriots. Peng jumped from nil to No 54 in the rankings published on Wednesday after accompanying President Xi Jinping on his maiden trip as head of state through Africa in March. She was showered with praise as an unprecedentedly confident Chinese first lady. <!– google_ad_section_end –>
Continue reading Forbes lists China’s First Lady Peng Liyuan among world’s 100 most powerful women
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