Latest Asia Pacific News
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China to sustain prudent monetary policy analysts
Analysts have predicted that China will not ease its current monetary policy, China Securities Journal reported on Thursday.The State Council, or China's Cabinet, said at a meeting on Wednesday that the government must guide credit funds to support the country's real economy and sustain a prudent monetary policy with rational aggregates.Lu Zhengwei, chief economist with the Industrial ...
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Japans ruling LDP adopts upper house election campaign platform
Japan's ruling Liberal Democratic Party (LDP) headed by Prime Minister Shinzo Abe on Thursday announced its upper house election campaign pledges with focuses on economic growth and revision of the country's pacifist constitution.The platform pledged to achieve an average real 2 percent economic growth in the future 10 years, reflecting Abe's economic growth strategy that aims at ...
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S. Korea to build bridge crossing Yangon river
The South Korean government will build a friendship bridge crossing the Yangon River to link urban Yangon with Dala township, the other bank of Yangon river, local daily reported Thursday.The plan was discussed when a South Korean delegation led by Deputy Prime Minister and Minister of Strategy and Finance Hyun Oh- Seok met with Myanmar Ministry concerned in Nay Phi Taw, said the Yangon Times ...
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China Stocks Bare Brunt of Growth Fears
Chinese shares, the worst performers in Asia this year, sank to multi-month lows on Thursday as fears of a slowdown in the world's second-largest economy were exacerbated by further weakness in its vast manufacturing sector.The ...
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David Beckham causes a stir in China and more from Royal Ascot the best news photographs of the day
There are some wonderful creations appearing at Royal Ascot today: racegoer Larisa Katz adjusts her, um, hat as she arrives for Ladies' Day. Photograph: Darren ...
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Markets Fall on Chinas Credit Crunch and Feds Exit Plan
PARIS ...
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UPDATE 5-Oil falls below $104 on China slowdown concern Fed plan
Thu Jun 20, 2013 7:57am EDT * China June flash HSBC PMI hits 9-month low * Bernanke says Fed likely to reduce bond buying this year * Coming Up: U.S. existing home sales May; 1400 GMT (Updates prices, adds paragraph on technical support) By Alex Lawler LONDON, June 20 (Reuters) - Oil fell more than $2 a barrel on Thursday to a one-week low below $104 a barrel, pressured by a survey pointing to ...
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UNHCR Africa Refugee Crisis Overshadowed by Syria
GENEVA -- The United Nations High Commissioner for Refugees says the plight of millions of refugees and displaced people in Africa is being overshadowed by the crisis in Syria. To mark World Refugee day, the UNHCR is appealing to the international community to remember that Africans who are forcibly displaced by conflict also are in need of support. The U.N. refugee agency reports there are ...
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Transit Fee Hikes in Brazil Scrapped Amid Volatile Protests
Leaders in two of Brazil's biggest cities have scrapped plans to increase public transportation fees, which triggered massive anti-government protests throughout the South American nation. Officials in both Sao Paulo and Rio de Janeiro announced their decisions Wednesday to revert back to the previous fares. Several other Brazilian cities had already canceled plans to increase transit ...
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Russia China Downgraded in US Trafficking Report
Trafficking in Persons report Wednesday, and Russia, Uzbekistan and China were automatically downgraded to the lowest Tier 3 ranking. In total, the State Department says 21 of the 188 countries in its report do not fully comply with minimum standards to address trafficking and are not making significant efforts to do ...
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ICC Moves Kenyatta Trial to November
The International Criminal Court says Kenyan President Uhuru Kenyatta will now go on trial November 12. The court announced the new start date Thursday, after granting Kenyatta's defense team more time to prepare their case. The trial had been scheduled to begin in July, but the court said there were delays in the prosecution providing evidence. Kenyatta is charged with five counts ...
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China banks slow to join LME as members - board exec
By Polly Yam HONG KONG, June 20 | Thu Jun 20, 2013 7:40am EDT HONG KONG, June 20 (Reuters) - The London Metal Exchange (LME) is trying to attract Chinese banks as members but has so far succeeded in drawing only one mainland financial institution to the world's biggest metals marketplace, a board member said. LME, which was bought in December by Hong Kong Exchanges and Clearing ...
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Eight Welsh Lions picked for first Test against Australia
British & Irish Lions team containing eight Welshmen but few suprises in the first Test against Australia at Lang Park on Saturday. After six warm-up matches and months of conjecture, coach Warren Gatland had some tough decisions to make but said ...
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Video Why the prognosis for Chinas economy isnt good
A preliminary survey shows further contraction in China's manufacturing sector, adding to signs the world's number two economy is losing steam. Can its leaders ensure the slowdown remains ...
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Asian stocks tumble on Fed easing China PMI
Asian stocks received a double blow on Thursday, falling the most in almost two years, after the U.S. Federal Reserve Chairman Ben Bernanke hinted that asset-purchases could end later this year if the economy continues to improve while China’s PMI ...
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China strongly condemns UN office bombing FM spokeswoman
A Foreign Ministry spokeswoman said Thursday that China strongly condemns a Wednesday suicide bombing that killed 22 people including UN employees in Mogadishu, Somalia."China strongly condemns the attack that targeted the UN and its staff," spokeswoman Hua Chunying said at a regular press conference.She also extended condolences to the victims and sympathy for their ...
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Spanish foreign minister to visit China
Spanish Foreign Minister Jose Manuel Garcia-Margallo will pay an official visit to China from June 24 to 28, a spokesperson for China's Foreign Ministry announced Thursday.Garcia-Margallo is making the visit at the invitation of his Chinese counterpart Wang Yi, spokeswoman Hua Chunying told a daily news ...
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Stigma of single moms in China
Being a single mother in China often means being shunned by traditionalists. Even today it is a difficult role in a society where marriage is considered the ultimate role for a ...
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Mickey Arthur says Australia have better bowlers than England for Ashes
the Ashes with a superior bowling attack.In an extended interview with ABC radio in Australia, Arthur declared his confidence that Michael Clarke will return from his back problem to lead the team in their first four-day tour match against Somerset starting in Taunton on Wednesday, and insisted that Warner could still come into contention for the first ...
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5 soldiers wounded in restive S. Thailand
Five soldiers were wounded in a militant ambush in the restive southern Thai province of Pattani on Thursday morning, local media reported.The five soldiers on foot patrol to provide security for teachers were wounded in an ambush by militants in Pattani's Mayo district.As a team of five soldiers were nearing the attack scene Thursday morning, militants in Pattani's Mayo district ...
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Qualcomm targets China emerging markets with new low-end Snapdragon chips
IDG News Service - Chip maker Qualcomm is introducing six new processors meant for entry-level phones in China and emerging markets. The processors are part of Qualcomm's Snapdragon 200 class, a chip line that offers support for lower-end specs compared to the company's Snapdragon 400, 600 and 800 chip series, the company said Thursday. The six new processors lack support for 4G LTE, ...
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HSBC lowers China GDP forecast to 7.4
HSBC lowered its China GDP forecast from 8.2 percent to 7.4 percent for this year as the new leadership's preference for reform over stimulus to sustain growth may have a limited impact in the short ...
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Australia name uncapped trio for Lions
Brisbane – Israel Folau's stunning rise in his third football code has been stamped with selection as one of three new caps in the Australia side to face the British and Irish Lions at Lang Park on ...
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Im a lecher not a crook China official
CALL me a lecher but don't call me a crook, an ex-city official at the heart of a Chinese sex tape scandal has said in his unusually spirited courtroom defence against corruption ...
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China liquidity squeeze intensifies with some easing late in the day
It was a perfect storm for Asian markets today, with news of the Fed's FOMC statement on QE3 tapering, a negative lead from Wall Street, and a weaker-than-expected Flash HSBC PMI reading for China (see below) conspiring to send share prices and currencies sharply lower. The most notable currency moves were the AUD, which depreciated by -1.2% to 0.92 against the USD (its lowest since ...
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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