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Bus collides with truck in India killing 11 including 7 members of wedding party
NEW DELHI - Police say a bus has collided with a truck in northern India, killing 11 people including seven members of a wedding party. Police officer S.K. Awasthi says 30 other people were injured in the accident Tuesday and were hospitalized near Kanpur, 220 kilometres (135 miles) south of New Delhi. He said the wedding party was travelling in the truck, but the bride and bridegroom were ...
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Brazils CSN could see Asian partners exit Namisa unit -report
Tue May 21, 2013 8:06am EDT * Asian partners could exercise put option this July * JFE, Kobe, Posco-led group paid $3.1 bln for stake * CSN declines to comment on Valor report on Namisa SAO PAULO, May 21 (Reuters) - A group of Asian steelmakers that owns 40 percent of Brazilian iron ore producer Namisa could exercise an option to sell their stake to majority shareholder CSN as early as July, ...
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Group More Afghan women jailed for moral crimes
KABUL, Afghanistan (AP) -- An international rights group says the number of Afghan women and girls jailed for "moral crimes" has risen dramatically in the past 18 ...
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Oil price falls toward $96 per barrel
The price of oil retreated toward $96 per barrel Tuesday as investors waited for the Federal Reserve's latest views on the U.S. economy.Benchmark crude for June delivery was down 28 cents to $96.43 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract gained 69 cents to close at $96.71 on Monday.On Wednesday, Fed chairman Ben ...
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Philippines protests Chinese warships presence
CAVITE, Philippines -; The Philippines has protested the presence of a Chinese warship, two surveillance vessels and fishing boats off a shoal occupied by its military in the disputed Spratly Islands, in the latest territorial squabble between the Asian countries, officials said ...
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Markets choppy ahead of Bernanke testimony
A man under an umbrella walks past an electronic stock board of a securities firm in Tokyo Monday, May 20, 2013. Japan's Nikkei 225 index jumped 1.4 percent to 15,352.84 as evidence of a steady economic recovery in the U.S. helped push Asian stock markets higher Monday. (AP Photo/Koji ...
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Huge China sinkhole kills five
FIVE people have died after a 10-metre wide sinkhole opened up at the gates of an industrial estate in Shenzhen, the southern Chinese boom town neighbouring Hong Kong, local authorities say. The Shenzhen Longgang district government said on its verified page on Sina Weibo, China's version of Twitter, that five people had died and added that it was investigating the incident. The sinkhole ...
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Chinese factory blast leaves 13 dead 20 missing
A blast at an explosives plant in China has left 13 people dead and another 20 missing, state media said Tuesday, compounding the country's poor industrial safety ...
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Mumbais property boom widens income gap in city
Mumbai has been experiencing a property boom since post global financial crisis of 2007-08.But as developers cater to the rich, middle- and lower-income earners are in danger of being priced out of the ...
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Tepid Thai growth deepens Asian slowdown fears
Thailand's economy grew more slowly than expected in the first three months of this year Adds to a slew of recent disappointing data from other Asian economies Thai economy contracted by 2.2 per cent seasonally adjusted from the previous quarter Result of faltering Chinese, eurozone, and US demand as well as a strong ...
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Asia Fuel Oil-Cash weak traders eye second-half June supply
SINGAPORE, May 21 (Reuters) - Asia fuel oil cash remained weak on Tuesday, although traders anticipated supplies inside the second-half of June to tighten due to thin Western arbitrage arrivals to the region. Asia cash premiums for the 380-centistoke (cst) benchmark for the marine fuels market were pegged at 25 cents a tonne, up 16 cents from the previous session, while 180-cst ...
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Macau hosts Asias largest gambling expo
Casino industry leaders met in the world's biggest gambling hub of Macau on Tuesday for the Global Gaming Expo Asia, a three-day fair of gambling innovations at the glitzy Venetian Macau hotel. The largest gaming event in Asia, showcasing the industry's latest products, services and technologies, opens to the public on Wednesday with machine companies focusing on Asian content. The ...
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RPT-Yahoos rise in Asia offsets risk from Tumblr bet
Tue May 21, 2013 7:00am EDT By Alexei Oreskovic SAN FRANCISCO May 20 (Reuters) - Yahoo Inc Chief Executive Marissa Mayer's $1.1 billion acquisition of blogging service Tumblr will be a test of her ability to revive the aging Web portal. Luckily for her, her performance may be graded generously. Mayer faces plenty of challenges in her efforts to turn six-year-old Tumblr into a money-spinner, ...
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Syria Israel exchange fire over border
DAMASCUS, Syria -; Syria said Tuesday it destroyed an Israeli vehicle that crossed the ceasefire line in the Golan Heights overnight, while the Israeli military said gunfire from Syria had hit an Israeli patrol, damaging a vehicle and prompting its troops to fire ...
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World stocks mixed ahead of Fed statements
BANGKOK -; World stock markets were mixed Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its economic stimulus ...
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Asian Stocks End Mixed Ahead Of Fed Statement
Asian stocks turned in a mixed performance on Tuesday, with investor attention solely focused on Fed chairman Ben Bernanke's Congressional testimony to Congress and the release of the Fed's May minutes due this Wednesday for cues on the outlook for interest rates. The U.S. dollar edged higher after weakening against major currencies the day before following Moody's report warning ...
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SE Asia Stocks-Mixed ahead of Fed Thai realty up on low rate outlook
BANGKOK, May 21 (Reuters) - Thai stocks ended flat on Tuesday as property shares outperformed amid a low interest rate outlook, with sentiment broadly weak in line with Asia ahead of U.S. Federal Reserve head Ben Bernanke's testimony on Wednesday. Bangkok's SET index closed at 1,643.43, still hovering at its highest in 19 years and four months. The Thai property sub-index gained 0.2 ...
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Philippines boosts military to resist bullies
Philippine President Benigno Aquino on Tuesday announced a US$1.8-billion military upgrade to help defend his country's maritime territory against "bullies", amid an ever-worsening dispute with ...
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Industry body launches campaign to focus on mental disorders
MUMBAI: The Geneva-based International Federation of Pharmaceutical Manufacturers and Associations (IFPMA) launched on Tuesday the 'Do You Mind?' campaign to focus attention and to prompt action on mental and neurological disorders (MNDs). The campaign launch takes place at the start of ...
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New Pakistan govt may consider importing electricity from India
ISLAMABAD: Pakistan's new government will seriously consider importing 1,000 MW of electricity from India as part of a short to medium-term strategy to end power outages, according to a media report today. ...
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Afghanistan Surge in Women Jailed for ‘Moral Crimes’
Four years after the adoption of a law on violence against women and twelve years after Taliban rule, women are still imprisoned for being victims of forced marriage, domestic violence, and rape. The Afghan government needs to get tough on abusers of women, and stop blaming women who are crime ...
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Pakistans Imran Khan to leave hospital
ISLAMABAD (AFP) - Pakistani politician Imran Khan is to leave hospital on Wednesday, his party and medics said Tuesday, two weeks after breaking bones in his back in a fall at an election rally.The 60-year-old was ordered by doctors to remain immobile in a hospital bed with fractured vertebrae and a broken rib after falling from a hoist raising him to the stage at a rally just days before the ...
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S. Korea to write off debts for joint sureties of 1997 Asian crisis
South Korea's financial regulator said Tuesday that it will write off debts held by joint sureties during the 1997 Asian foreign exchange crisis as part of efforts to help the sureties escape from financial difficulties coming from other parties' debts.As much as 70 percent of debt principals coming from the joint surety contract will be written off in accordance with the debt- ...
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Myanmar jails 7 for up to 28 years for riots
Myanmar on Tuesday sentenced seven people to prison terms ranging from two to 28 years in connection with religious violence in March that left dozens of people dead, a justice official ...
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ASIA CREDIT CLOSE Spreads steady Citic shines after tap
Tue May 21, 2013 5:09am EDT HONG KONG, May 21 (IFR) - Asian credit spreads were largely steady as primary issuance took a break with the next batch of issuers still in the process of completing roadshows. Citic Pacific's new NC5.5 year perp continued to perform well in the secondary market and was trading around 101 after it was tapped for an additional USD200m yesterday, following a USD800m ...
Central Asia Discussion
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Central Asia's French Revolution
The crisis that recently gripped Kyrgyzstan and saw President Bakiyev forced from power represents, for Central Asian countries, something similar to what the French Revolution represented to the aristocracy of Europe – that the masses are gathering and uniting.
Kyrgyzstan’s political tensions had been rising long before the riots that were broadcast all over the world and across Central Asia news stations, showing images of an angry mod swarming the street, and the dramatic moment at which a van was sent crashing through the ornate main gates of the Presidential Palace. Read more
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