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Ageing Asia to strain worlds long-term economic growth
Vancouver, May 23 : The Asia-Pacific region will continue to power global economic growth in 2013, but the region's increasing ageing population will cast a shadow on the long-term development, according to a Canadian ...
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Asian markets sell off
Singapore - Hawkish comments by US Federal Reserve Chairman Ben Bernanke and weakness in China's factory activity rocked Asian markets on Thursday, took the dollar to three-year highs, sent share markets lower, and hit the Japanese government bond market as yields rose to their highest in a ...
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ASEAN power chiefs to follow up power grid plan
power utilities and authorities gathered on Thursday to follow up the progress of the ambitious ASEAN power grid action plan, which was set to inter-connect power lines in the 10 ASEAN member states by 2020. Speaking to reporters after the opening of the 29th meeting of the Heads of ASEAN Power Utilities and Authorities Council, Keo Rottanak, director general of the Electricity of Cambodia, ...
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Calls mount for Malaysias BN to move away from race-based politics
Two schoolgirls walk across a street as flags of Malaysia's ruling Barisan Nasional coalition fly above them in Kuala Lumpur, Malaysia. (AP Photo/Mark ...
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Speculation over N Korea envoys China trip
Speculation mounted over a top NorthKorean military official's visit to China on Thursday, as few details of his meetings were made ...
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India PM pledges to clean up defence sector
Indian Prime Minister Manmohan Singh pledged on Thursday to crack down on corruption in the defence sector after a string of recent graft scandals left his government facing renewed calls to step ...
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Mother of two tried to talk down London attackers
LONDON: A mother of two is being hailed for her bravery after it emerged she attempted to talk down the two Islamic extremists who killed a British soldier in a gruesome machete attack on the streets of ...
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SE Asia Stocks-Fall on Fed China data jitters Spore Thailand hit 2-wk low
BANGKOK, May 23 (Reuters) - Southeast Asian stocks fell on Thursday, with Singapore marking its worst week since November 2012 and Thai stocks at their lowest close in more than two weeks, as worries over the future of U.S. monetary stimulus and weak Chinese data dented global sentiment. Singapore, Thailand and Malaysia saw weakness in large caps such as Singapore Telecommunications Ltd, Siam ...
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RPT-WRAPUP 1-Asian markets sell off on Bernanke remarks China PMI
Thu May 23, 2013 6:05am EDT * Asian shares down after China HSBC flash PMI, credit spreads wider * Nikkei plunges 7 percent, 11th worst daily drop * JGBs bounce after 10-year JGB yield hits year highs * Korean won worst hit as dollar rises broadly By Masayuki Kitano and Hideyuki Sano SINGAPORE, May 23 (Reuters) - Hawkish comments by U.S. Federal Reserve Chairman Ben Bernanke and weakness in ...
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Soldiers killed in gunbattle with Islamists in Niger military sources
NIAMEY (Reuters) - Several soldiers were killed in a gunbattle with suspected Islamist militants after a suicide bomb attack on a barracks in the northern Niger town of Agadez, military sources said. "The situation is now under control. The suicide bomber was not alone. There were other terrorists who followed in cars and there were clashes," said one of the sources, who could not give ...
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Father of Afghanistan cricket captain abducted near his home
KABUL - Gunmen kidnapped the father of Afghanistan's national cricket team captain near his home in an eastern city, officials said Thursday. There has been no ransom demand since Mohammad Nabi's 60-year-old father Khobi Khan was abducted from his car in the city of Jalalabad, cricket board president Shazada Masoud said. Police are searching for Khan, but there have been no leads or ...
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Lydia Davis wins Man Booker International PrizeAmerican writer Lydia Davis edged past Indian literary veteran U R Ananthamurthy to win the Man Booker International Prize 2013 on Wednesday night.
edition of the award at the Victoria and Albert Museum in London. She was chosen from a list of 10 eminent contenders, including Kannada writer Ananthamurthy. The prize, worth 60,000, is awarded for an achievement in fiction on the world stage. It is presented once every two years to a living author for a body of work published either originally in English or available in translation in English. ...
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North Korea envoy awaits chat with Chinas leader
BEIJING (AP) -- While a North Korean envoy waits for an expected meeting with China's Communist Party chief, his Chinese hosts are taking him touring in ...
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Chinas continuing progress the biggest fact in Asias success Singaporean PM
Visiting Singaporean Prime Minister Lee Hsien Loong said here Thursday that Asia has successfully recovered from depression and faster than expected with China's continuing progress, the biggest fact of Asia's success.Lee made the remark in a keynote speech during the 19th International Conference on the Future of Asia, adding Asia's global role has grown and the region is ...
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Japan protests at S Korean dailys A-bomb op-ed
Japan accused a South Korean newspaper of "dishonourable" behaviour for publishing an editorial suggesting the atomic bombings of Hiroshima and Nagasaki were "divine ...
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Italian arrested in Thailand over US$10m fraud
Thai authorities have arrested an Italian wanted over alleged links to a human trafficking ring which swindled around US$10 million from European taxpayers and ...
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Myanmars goldrush luring foreigners in droves
From seasoned investors to recent graduates armed with little more than hastily-made business cards and dreams of striking it rich, foreigners are pouring into Myanmar to stake a claim as it opens ...
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UK emergency committee meets after London attack we will never buckle says Cameron
David Cameron says there are strong indications it was an act of terrorism, and his top advisers will be examining the potential security implications of the attack, which took place near a London military barracks. One of the attackers went on video to explain the crime -- shouting political statements, gesturing with bloodied hands and waving a meat cleaver. Police shot and wounded the ...
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Sri Lanka hails Indian housing assistance
COLOMBO: Sri Lanka has welcomed a whopping Rs 1,372 crore Indian housing assistance programme to build around 4000 homes in the country's eastern province. The housing assistance programme is one of the largest grant assistance projects implemented by India outside the country. Sri ...
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Asia in the ageing century part I – population trends
23 May 2013 | While Asia's population is expected to increase by one billion people in the next thirty years, the significant demographic story is the change in its age ...
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The Asian stock indexes suffered
The financial markets have been adverse to risk since the Federal Reserve reiterated the prospect of scaling back its asset purchase program in June. While quantitative easing must be curtailed and eventually ended at one point or another, the markets were clearly hoping for a much further point, since the US economic recovery hasn't produced real jobs growth. Adding to risk off is the ...
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Heavy Sell-Off on Asian Equities
The Asian markets were squeezed by heavy sell-off on the equity markets. Nikkei 225 closed 7.32% down after having rallied to 5 year high; Hang Seng slid 2.35% as HSBC flash manufacturing PMI index retreated to 49.6 - its 7-month low - indicating that Chinese manufacturing contracted in May. Taiex and Kospi index fell 1.92% and 1.24%, while the Australian ASX 200 index lost 2% as the inflation ...
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Burma New Doubts About Pace of Reforms
Burma ’s president to ask tough questions about the slowing pace of human rights reforms and insist on implementation of past commitments, Human Rights Watch said today. President Barack Obama is hosting a visit to Washington, DC, by Burma’s president Thein Sein on May 20-21, 2013. Six months after Obama’s visit to Burma, key pledges by the Burmese government remain ...
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ASIA CREDIT CLOSE Nikkei rout adds push to credit sell-off
Thu May 23, 2013 4:43am EDT SINGAPORE, May 23 (IFR) - A sell-off in Asian credit gained momentum after the Japanese stock market suffered a steep drop this afternoon. Investment-grade credits were already some 2bp wider in the morning as investors digested the content of Fed chairman Ben Bernanke's testimony last night to the US Congress. However, after lunch a 7.5%-plus drop in the Nikkei ...
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Stricken Japan nuke plant struggles to keep staff
TOKYO (AP) -- Keeping the meltdown-stricken Fukushima nuclear plant in northeastern Japan in stable condition requires a cast of thousands. Increasingly the plant's operator is struggling to find enough workers, a trend that many expect to worsen and hamper progress in the decades-long effort to safely decommission ...
India Digest
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Tensions raised over translocation plans for Asiatic lions
In the tranquil wilderness of the Gir forest sanctuary one would never think a political storm was raging over a proposal to move some of the endangered lions that inhabit the reserve.
As the sun sets over the lush, sprawling forest in Gujarat where India’s only Asiatic lions live, they wander majestically through the wild, unaware of the conflict they are creating between Gujarat, the central government and other states that want to share in some of their success. Read more
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