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By , on May 17th, 2013 The UN’s refugee agency says that more than 1.5m people have fled the conflict in Syria, and warns the total is likely to be far higher.
Continue reading ‘More than 1.5m’ Syrian refugees
By , on May 17th, 2013 <!– google_ad_section_start –> That Rubber Duck is at it again – after stealing the hearts of Hongkongers since sailing into the harbour, it is stealing the show at Cheung Chau’s Bun Festival. The 16.5-metre-tall artwork has got everyone duck crazy. And while the traditional buns stamped with the iconic “peace” logo continued to be a big hit, rubber ducks could be seen in the parade and on various products on sale. One stand was selling T-shirts featuring a rubber duck with a swimming cap stamped with the peace sign. <!– google_ad_section_end –>
Continue reading Rubber duck stars at Cheung Chau bun festival
By , on May 17th, 2013 <!– google_ad_section_start –> AMSTERDAM (AP) — World stock markets rose steadily on Friday after two key indicators suggested the U.S. economic expansion will continue. The Conference Board reported that its leading indicator index for the U.S. increased 0.6 percent in April, following a 0.2 decline in March, due to recovering housing and labor markets. “In general, the (index) points to a continuing economic expansion with some upside potential,” said Ataman Ozyildirim, an economist at the private research association.
Continue reading World stocks strong into the weekend
By , on May 17th, 2013 <!– google_ad_section_start –> AMSTERDAM (AP) — World stock markets shrugged off suggestions the U.S. Federal Reserve may begin to reverse some of its asset purchase programs by the end of the summer, and were mostly higher ahead of key data releases Friday. The Conference Board is due to report on U.S. leading indicators after North American markets open, along with the University of Michigan’s consumer sentiment index. Analysts are expecting both to show an improvement from March. <!– google_ad_section_end –>
Continue reading World stocks mostly higher
By , on May 17th, 2013 <!– google_ad_section_start –> BANGKOK (AP) — World stock markets were mixed Friday as investors digested a slew of disappointing data from the U.S. ahead of the release of a key measurement of the country’s economic outlook. Investors were looking ahead to the Conference Board’s index of leading indicators for April, to be released later Friday. The index is designed to anticipate economic conditions three to six months out. Analysts hope the figures will balance out several discouraging economic reports released Thursday, including a jump in unemployment aid applications to their highest level in six weeks. <!– google_ad_section_end –>
Continue reading World stocks mixed ahead of key US economic index
By , on May 17th, 2013 <!– google_ad_section_start –> Japan’s premier will on Friday unveil the next stage of his plan to reboot the economy, reports said, as he seeks to capitalise on the feel-good mood of a booming stock market and a plunging yen. Prime Minister Shinzo Abe is set to announce broadbrush outlines of the third of his “three arrows” of a plan dubbed “Abenomics”, which is intended to turn around years of deflation in the world’s third-largest economy. <!– google_ad_section_end –>
Continue reading Japanese PM to announce new growth plans
By , on May 17th, 2013 <!– google_ad_section_start –> BANGKOK (AP) — Asian stock markets were mixed in holiday-thinned trading Friday as investors digested a slew of disappointing economic data and corporate results from the U.S. Applications for unemployment benefits jumped to their highest level in six weeks, the U.S. Labor Department reported Thursday, while manufacturing slowed in the mid-Atlantic region. The bright spot was applications for new construction, which reached a five-year peak, reinforcing “the patchy nature of the US economic recovery,” Michael Hewson of CMC Markets said in a commentary. <!– google_ad_section_end –>
Continue reading Asia stocks mixed as holidays thin trade
By , on May 16th, 2013 <!– google_ad_section_start –> Labour umbrella groups Industrial Global Union and UNI Global Union yesterday praised top retailers for joining their drive to make Bangladesh’s garment factories safer, after 1,127 people died in a factory collapse last month. <!– google_ad_section_end –>
Continue reading Retailers sign up to accord on Bangladesh factory standards
By , on May 16th, 2013 <!– google_ad_section_start –> Ten tornadoes tore through the US state of Texas overnight, killing at least six people as they levelled homes, local authorities said on Thursday. <!– google_ad_section_end –>
Continue reading Tornadoes tear through Texas towns, killing six
By , on May 16th, 2013 
BP appeals to Prime Minister David Cameron to intervene over the escalating compensation costs of the Gulf of Mexico oil disaster.
Continue reading BP asks Cameron to curb US leak cost
By , on May 16th, 2013 <!– google_ad_section_start –> BANGKOK (AP) — World stock markets were muted Thursday following dour European economic data that dampened hopes of a recovery there anytime soon. Losses were limited by another record session on Wall Street. The European Union statistics office said Wednesday that nine of the 17 countries that use the euro are in recession, including France. The combined economy of the 17 countries shrank by 0.2 percent in the first three months of 2013 compared to the prior quarter. <!– google_ad_section_end –>
Continue reading Stocs muted as Europe gloom offsets Wall St. gains
By , on May 16th, 2013 <!– google_ad_section_start –> The outer bands of Cyclone Mahasen struck the southern coast of Bangladesh on Thursday, lashing remote fishing villages with heavy rain and fierce winds that flattened mud and straw huts and forced the evacuation of more than one million people. The eye of the storm was expected to reach land Thursday evening, but at least 18 deaths related to Mahasen already have been reported in Bangladesh, Myanmar and Sri Lanka. <!– google_ad_section_end –>
Continue reading Cyclone Mahasen batters Bangladesh as one million flee
By , on May 16th, 2013 
The HS2 rail project has an estimated £3.3bn funding gap and the benefits for the economy are “unclear”, the National Audit Office says.
Continue reading HS2 rail benefits are ‘unclear’
By , on May 15th, 2013 <!– google_ad_section_start –> Cancer campaigners have applauded actress Angelina Jolie for going public about her double mastectomy, but warned women against rushing out to be tested for the gene mutation that threatened her life. <!– google_ad_section_end –>
Continue reading Angelina Jolie praised by breast cancer campaigners
By , on May 15th, 2013 <!– google_ad_section_start –> Hundreds of thousands of people in Bangladesh and Myanmar were ordered on Wednesday to move to safety as a cyclone barrelled towards low-lying coastal areas. The United Nations has warned that more than eight million people could be at risk from Cyclone Mahasen, which is expected to make landfall on Thursday or Friday somewhere near the border between the two countries. Bangladesh told hundreds of thousands of people living in low-lying areas to move to cyclone shelters, while Myanmar announced plans to move roughly 166,000 people at risk on its northwest coast. <!– google_ad_section_end –>
Continue reading Cyclone Mahasen triggers mass evacuations in Bangladesh, Myanmar
By , on May 15th, 2013 <!– google_ad_section_start –> BANGKOK (AP) — Enthusiasm on Wall Street sparked by another positive report on the U.S. economy helped push most Asian stock markets higher Wednesday. But lower-than-expected German economic growth disappointed investors elsewhere. The German economy narrowly avoided recession in the first quarter of 2013, with 0.1 percent growth for the quarter. However, analysts were expecting a 0.3 percent quarterly rise. <!– google_ad_section_end –>
Continue reading World stocks mixed after German 1Q growth released
By , on May 15th, 2013 <!– google_ad_section_start –> An unusual Xinhua report has led to speculation that China’s state-run news agency has taken a subtle shot at the promotion of a son of one of China’s most powerful political figures. The cryptic report led to online debate on whether Wu Lei, a 37-year-old official soon to be promoted, could be the younger son of Wu Bangguo, the recently retired head of China’s rubber-stamp parliament, the National People’s Congress. <!– google_ad_section_end –>
Continue reading Is ex-NPC chief Wu Bangguo’s son latest descendant to be promoted?
By , on May 15th, 2013 <!– google_ad_section_start –> HSBC said on Wednesday that the bank would target an additional US$2 billion to US$3 billion (HK$15.5 billion to HK$23.3 billion) in cost savings between next year and 2016, as the bank axes jobs and sells noncore businesses with less than a year left in the first phase of its restructuring plan. <!– google_ad_section_end –>
Continue reading HSBC targets additional US$2-3b cost savings by 2016
By , on May 15th, 2013 <!– google_ad_section_start –> BANGKOK (AP) — Enthusiasm on Wall Street sparked by another positive report on the U.S. economy helped push most Asian stock markets higher Wednesday. The National Federation of Independent Business reported a slight improvement in confidence among small business owners in the U.S. in April. That helped boost the Dow Jones industrial average to close at a record high Tuesday. “A combination of further improvement of economic performance and low inflation in the US should keep risk appetite buoyant,” said analysts at Credit Agricole CIB in Hong Kong in an email commentary.
Continue reading Asia stocks up as US small business mood improves
By , on May 15th, 2013 <!– google_ad_section_start –> A growing divide between rich and poor risks will yawn still wider if cash-strapped governments keep cutting back the welfare state, an industrialised nations’ think-tank warned on Wednesday. Weighing into a debate on inequality in developed countries, the 33-nation Organisation for Economic Cooperation and Development said welfare spending had mitigated an increase in the wealth gap that emerged with the 2008-2009 financial crisis, but that was running out. <!– google_ad_section_end –>
Continue reading Rich nations’ wealth gap widens as welfare cut: OECD
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‘More than 1.5m’ Syrian refugees
The UN’s refugee agency says that more than 1.5m people have fled the conflict in Syria, and warns the total is likely to be far higher.
Continue reading ‘More than 1.5m’ Syrian refugees
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