Latest Asia Pacific News
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Mengniu Purchase Leaves China Infant Formula Family With More Than $800 Mln
International for $1.6 billion would leave an investment company owned by Yashili's founding Zhang family worth more than $800 million. Chairman Zhang Lidian and his family control Zhang International, which holds a 52% stake in Yashili. Four directors - Zhang Likun, Zhang Liming, Zhang Lidian and Zhang Libo - each own 18% of Zhang International. Mengniu, which has been criticized for ...
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Chinas Wanda Invests $1 Billion To Launch Hotel Brand In London
Chairman Wang Jianlin Wanda Group, a real-estate conglomerate with global ambitions, has a string of swish hotels in China. Now it plans to add a 160-room luxury hotel in London as part of a £700 million ($1.08 billion) twin-tower residential project acquired from Ireland's Green Property. The Irish developer ...
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Chinas Swiss watch imports decrease in Q1
/enpproperty--> China's import of Swiss high-end watches may decrease over the next few quarters, Tina Zhou, dean of the Fortune Character Institute predicted in the China Watch Report. China imported 77,771 watches from Switzerland in 2012, down from 87,894 units in 2011, according to the report released Tuesday. However, as the average price increased, the import value in 2012 was ...
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UNs Ban meets Chinas Xi for talks
United Nations Secretary-General Ban Ki-moon met Chinese president Xi Jinping for talks on Wednesday, with North Korea and Syria expected to dominate ...
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Wimbledon Rafael Nadal named fifth seed Australias Sam Stosur 14th
England Rafael Nadal has been named fifth seed for Wimbledon, leaving his major title rivals to ponder meeting the 2008 and 2010 title-winning Spaniard as early as the quarter-finals.Nadal, the holder of 12 grand slam crowns and fresh from his record-breaking eighth French Open triumph in Paris, was seeded behind compatriot David Ferrer who takes the fourth seeding.Novak Djokovic, Andy Murray ...
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Japan finds highly toxic substance in Fukushima groundwater
Testing of groundwater outside the turbine building of reactor No. 2 had shown the level of strontium-90 had increased by more than 100 times between December 2012 and May this year. (Reuters ...
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Strong Japan Export Data Pushes up Nikkei
Even as investors remain on the sidelines ahead of the conclusion of the Fed's 2 day meeting and especially Ben Bernanke's testimony later in the day, there was great volatility during the Asian session. Traders were either reacting to the bullish Japan export data or setting up positions ahead of the Bernanke testimony later today. In Asia the stocks were broadly ...
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Australia Maroochydore Beach Renourishment Kicks Off
The extra sand will widen the beach, help prevent severe erosion and protect public facilities and infrastructure along Alexandra Parade and Aerodrome Road. The popular stretch between Maroochydore and Alexandra Headland is worth around $80 million a year to the Sunshine Coast ...
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Nigella Lawson’s husband admits to throat grab
husband Charles Saatchi admitted assault and accepted a police caution after published photos showed him grasping her throat at a restaurant last ...
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Unexploded WWII shell stops Japan bullet trains
(Photo:Agencies) An unexploded World War II shell that was discovered just metres from a busy rail track halted high speed trains in Japan, as bomb disposal experts moved in to detonate it. The travel plans of around 90,000 people were disrupted when an exclusion zone was thrown up around the shell, which was discovered in the north of Tokyo earlier this year. A squad from the country's ...
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5 soldiers injured by bomb in restive S. Thailand
Five soldiers were injured by a bomb explosion in restive southern province of Pattani on Tuesday. Police said they received a report of the attack on the rural road in Pattani's Yaring district at about 7.30 a.m. local time. At the scene, police found a 40 cm wide and 30 cm deep crater caused by the explosion, along with debris and residue from the blast. According to witnesses, seven ...
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Hashimoto faces censure motion from Osaka council
Japan's Osaka Mayor Toru Hashimoto, who caused a storm with his comments on "comfort women," is expected to face a censure motion filed by local politicians later Thursday. Council members in Osaka plan to jointly submit the motion against Hashimoto, who is also joint leader of the national Japan Restoration Party, Jiji Press said. Hashimoto prompted outrage at home and abroad ...
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China NKorea hold strategic dialogue officials
BEIJING (AFP) - A high-ranking North Korean official with long experience as his country's international nuclear negotiator held talks Wednesday with Chinese officials, Beijing's foreign ministry announced.North Korean first vice foreign minister Kim Kye-Gwan and Chinese vice foreign minister Zhang Yesui co-chaired a "strategic dialogue" meeting between their ministries in ...
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World North Korea condemns Hitler report
Hitler managed to rebuild Germany in a short time following its defeat in WWI, Kim Jong-un issued an order for the Third Reich to be studied in depth and asked that practical applications be drawn from it," the source reportedly ...
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EU and China will discuss trade issues
The Joint Committee of EU and China will meet in Beijing on Friday. On 18 June, the spokesman of the European Commissioner for Trade Karel De Gucht said that the solar panel dispute will not be included in the agenda, but both sides are trying to find a middle ground solution for the trade issue. EU trade spokesman said. "I can clarify that both sides (EU and China) have together agreed on ...
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Beckham travels to China
Beijing, June 19 : Retired soccer champ David Beckham is in China to build enthusiasm for the game in the world's most populous country, where fans are pretty discouraged at the moment over the poor performance of their national ...
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From China to Gozo with baggage
From Jamaica to Bangladesh, from Guyana to Malaysia, China Communication Construction Company has left a trail of controversy, facing allegations of bribery, collusion and lack of ...
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China executes former communist party official for raping 11 underage girls
Li Xingong, who was the party's deputy head in Yongcheng city in Henan province, was found guilty of assaulting the girls during police interrogations starting from the second half of 2011, the official Xinhua news agency reported.Li appealed against the guilty verdict, but was rejected by the Supreme Court, Xinhua said.The case was widely discussed on ...
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China weighs choices on pacific trade pacts experts
Some leading political economists have lauded China's renewed interest in the controversial Trans- Pacific Partnership (TPP), telling Xinhua that China would enjoy more leverage on the tenor of negotiations "from the inside."While the US has touted the TPP as a new kind of trade pact beyond the traditional areas of free trade agreements (FTA) - covering regulatory consistency ...
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Chinas key money rate closes at multi-year high trading extended
* Trading extended for 30 minutes to let banks borrow money * Banks scale back non-essential business, such as arbitrage * Benchmark 7-day repo rate jumps to highest since Oct 2007 * Traders only expected mild PBOC cash injection in near term * But liquidity should improve in medium term (Add trading time prolonged, other details) By Lu Jianxin and Gabriel Wildau SHANGHAI, June 19 (Reuters) - ...
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Over 8200 arrested in China for food safety crimes
More than 8,200 suspects have been captured since a campaign to crack down on crime was launched on January 25, the Ministry of Public Security said Wednesday. The ministry said police uncovered more than 4,500 cases involving food safety offenses and closed about 6,300 workshops and markets that produced or sold illegal food products. Police confiscated more than 150,000 illegal products, ...
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Mexican food exports to China to reach $1b minister
Mexico would export food valued at least $1 billion to China over the next 12 to 18 months, Agriculture Minister Enrique Martinez said Tuesday.Martinez spoke of his recent visit to China at a press conference, with motives to follow the agreements signed during Chinese President Xi Jinping's visit to Mexico earlier this month.Martinez said it was difficult to specify the numbers and targets ...
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One of FBIs Ten Most Wanted Fugitives arrested in Mexico
A former US university professor who was on the FBI's Ten Mosted Wanted Fugitives list has been arrested, local authorities said Tuesday. Gaspar Armando Garcia, the Quintana Roo state prosecutor, said Walter Lee Williams was arrested in Playa del Carmen, a resort city south of Cancun on Mexico's Caribbean coast. Williams, 64, is accused in a US federal indictment of sexually ...
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JDI CPT Innolux see increased orders for large-size panels from smartphone vendors say Taiwan makers
Japan Display (JDI), Chunghwa Picture Tubes (CPT) and Innolux are supplying 4.7-inch panels for China-based smartphone vendor Huawei Device, 5.8-inch panels for Samsung Electronics and 6.1-inch panels for Huawei respectively, with ordered volumes larger than originally expected due to booming sales, according to Taiwan-based supply chain ...
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Emerging solar market growth dominates Solar Taiwan 2013 forum
At Solar Taiwan 2013, the host, the Photonic Industry and Technology Development Association (PIDA), has invited solar firms such as SunEdison, Gintech, GCL-Poly, MEMC, and Motech to discuss opportunities in emerging solar markets and high conversion efficiency ...
Fiji Feature
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Fiji needs to focus more on needs of the poor
Fiji is facing a major problem with informal housing or ‘squatter colonies’, especially on the outskirts of major cities such as Savu, which draw people in with the promise of jobs and prosperity. An ongoing effort by government to provide affordable housing for low-income earners is hampered by mismanagement, a lack of funds and the reluctance to evict non-payers from their homes.
Fiji is one of the more developed countries of the South Pacific island nations, but a large proportion of the population remain in poverty and exist through subsistence means rather than through formal integration with the national economy. Read more
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