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Asia goes on a debt binge as most of the world sobers up
In the heart of Kuala Lumpur lies the abandoned foundation of Plaza Rakyat, a never-built skyscraper and shopping mall. Rusty rebar jutting from concrete pilings and fetid green pools of rainwater serve as an unintended monument to the debt crisis that ravaged Asia in the late 1990s. Today, less than a half mile from the abandoned project, the next boom is under way in the Malaysian metropolis. ...
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World stocks stabilize after big sell-off
MOSCOW (AP) -- World stocks stabilized on Friday, a day after global markets dropped sharply on concerns global growth is slowing and the Federal Reserve could start scaling back its monetary ...
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STOCKS NEWS EUROPE-HSBC falls amid Asia worries stalling U.S. talks
* FTSEurofirst 300 down 0.5 pct, FTSE 100 down 0.7 pct* HSBC drags indexes on fears about U.S. case settlement* Selling pressure piles up as indexes test supportBy Francesco CanepaLONDON, May 24 (Reuters) - European shares edged lower ...
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NKorean envoy delivers letter to Chinas Xi
A top North Korean envoy delivered a letter from leader Kim Jong Un to Chinese President Xi Jinping on Friday as part of efforts to mend fences after Pyongyang angered Beijing with recent snubs and moves to develop its nuclear ...
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US lauds India for reducing Iranian oil imports
A senior official praised India for reducing oil imports from Iran and said the U.S. government will decide soon on New Delhi's request to renew a waiver from sanctions on ...
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Suicide bomber kills 3 in northwest Pakistan
Police say a suicide bomber walked up to a vehicle owned by an Afghan religious leader in northwestern Pakistan and set off his explosives, killing three ...
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Abe on 1st trip to Myanmar by Japan PM in 36 years
Prime Minister Shinzo Abe is traveling to Myanmar on the first visit to the country by a Japanese leader in 36 years, as Tokyo bids to reassert its position as a top economic partner after decades of frosty relations with the previous military ...
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Dai-ichi expands in Southeast Asia with Panin Life deal source
By Taiga Uranaka TOKYO | Fri May 24, 2013 7:10am EDT TOKYO (Reuters) - Japan's Dai-ichi Life Insurance Co Ltd (8750.T) has agreed to buy a 40 percent stake in Panin Life from the parent of the Indonesian insurer for around 30 billion yen ($295 million), a source with direct knowledge of the matter said. The stake acquisition by one of Japan's top four life insurers is the latest ...
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Asia Goes on a Debt Binge as Much of World Sobers Up
In the heart of Kuala Lumpur lies the abandoned foundation of Plaza Rakyat, a never-built skyscraper and shopping mall. Rusty rebar jutting from concrete pilings and fetid green pools of rainwater serve as an unintended monument to the debt crisis that ravaged Asia in the late 1990s. Today, less than a half mile from the abandoned project, the next boom is under way in the Malaysian metropolis. ...
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Foreign preacher takes rare turn on Vietnam stage
The 25,000 people at the soccer stadium and the millions more watching at home waited 90 minutes before the Australian evangelical preacher got to the message he had come to Communist-ruled Vietnam to ...
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UK soldiers killing Attacker wielding butcher knife is a Christian who converted to Islam
LONDON: A man seen with bloody hands wielding a butcher knife after the killing of a British soldier on the streets of London was described as a convert to Islam who took part in demonstrations with a banned radical group, ...
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SE Asia Stocks-Indonesia Vietnam recover from previous sessions falls
JAKARTA, May 24 (Reuters) - Indonesian and Vietnamese shares rebounded from their previous session's steep falls, while most Southeast Asian markets were closed on Friday for a local holiday. Jakarta's Composite Index rose 0.66 percent to 5,155.09, boosted by a 2 percent jump in property shares. Vietnam's broader benchmark index closed up 0.4 percent as ...
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No guarantee of peace NKorean envoy warns China
BEIJING (AP) -- China told a top North Korean envoy Friday it wants a peaceful, denuclearized Korean Peninsula, and said the emissary warned there is "no guarantee of peace" but that his country was willing to hold talks with all ...
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2 former sex slaves demand Japan mayor quit
OSAKA, Japan (AP) -- Two Korean former sex slaves demanded the resignation of an outspoken Japanese mayor and canceled a meeting with him Friday for justifying Japan's wartime practice of forcing tens of thousands of Asian women into prostitution for its ...
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London killers are Britons of Nigerian originBritain experienced a communal backlash against Muslims within 24 hours of a young serving soldier being butchered with stone age savagery in Woolwich by two radical British Nigerians who had chang
Woolwich by two radical British Nigerians who had changed from being "devout Christians to Muslims" recently. Mobs calling themselves English Defence League clashed with riot police after Wednesday's "terror attack" . Mosques in Woolwich, Braintree in Essex and Gillingham in Kent were attacked with bricks and bottles. Fearing such backlash could intensify and affect all ...
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Obamas drone speech welcomed in Pakistan Yemen
ISLAMABAD (AP) -- President Barack Obama's speech on the use of drones to kill Islamic militants was well-received in two countries most affected by the strikes - Pakistan and Yemen - but criticism of the U.S. policy remains ...
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UPDATE 1-Morgan Stanley names Leleu Cheng in Asia ECM shakeup
Fri May 24, 2013 5:23am EDT HONG KONG May 24 (Reuters) - Morgan Stanley has named Jerome Leleu and Mille Cheng as co-heads of Asia Pacific equity capital markets in a shakeup of its management of that division, according to an internal memo obtained by Reuters on Friday. The pair replace Justin Haik, who takes on a newly created senior client relationship role in the same unit, the memo ...
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White House welcomes Burmese president as new ally in “pivot to Asia”
A meeting between US President Barack Obama and Burmese President Thein Sein in the Oval Office of the White House on Monday signalled Washington's embrace of the Burmese military-dominated government, as part of its efforts to strategically encircle China. Thein Sein is the first Burmese leader to be hosted in the White House since former junta leader General Ne Win's visit in 1966. ...
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Weekend Plantings Downy Jasmine Asian Fruit Tree More
A plant so common that it often fades into the background is downy jasmine, a sprawling, viney shrub from East Asia. An evergreen species, downy jasmine (Jasminum multiflorum) bears small, starry, white flowers with a pleasing fragrance. Blossoms are produced year-round but peak in the warm months. Although this versatile, glossy-leaved plant can grow 10 feet tall in sun or light shade, ...
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Business Briefs May 24
* The Securities Depository centre said that it has transferred the ownership of 389,057 shares of Long Hau JSC (LHG) from Ban Viet Securities Investment Fund to 21 investors on May 22. * PetroVietnam general Services Joint Stock Corp (PET) has sold 788,880 treasury shares as registered at an average price of ...
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Asia Roundup US Fed and China news spook marts
Hawkish comments by United States Federal Reserve chairman Ben Bernanke and weakness in China’s factory activity rocked Asian markets yesterday,Thursday May 23 3013 taking the dollar to three-year highs, sending share markets lower, and hitting the Japanese government bond market as yields rose to their highest in a year. Stock and bond markets took their cue from the drop in US equities ...
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Asia to be largest LTE market says Nokia Siemens Networks greater China head
Asia is expected to be the largest LTE market among regions around the world in 2015, Greater China president Markus Borchert for Nokia Siemens Networks said at the LTE Marketing Forum in Taipei on May ...
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Morgan Stanley names new co-heads of Asia-Pacific ECM -memo
HONG KONG | Fri May 24, 2013 5:01am EDT HONG KONG May 24 (Reuters) - Morgan Stanley has named Jerome Leleu and Mille Cheng as co-heads of equity capital markets in the Asia Pacific region, according to an internal memo obtained by Reuters on Friday. The pair replace Justin Haik, who takes on a newly created senior client relationship role in the same division, the memo said. Leleu ...
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Emergency landing closes both Heathrow runways
British Airways plane made an emergency landing. Heathrow officials said passengers were evacuated safely on Friday morning. British Airways says more information will be provided ...
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Li still flying the Asian flag by herself
Paris – Li Na's momentous French Open title win of 2011 was expected to open the floodgates for Asian – and in particular Chinese – players in world ...
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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