Latest Asia News
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Karzai expected to seek Indian military aid
Afghan President Hamid Karzai, left, is greeted by his Indian counterpart Pranab Mukherjee after he received an honorary degree at the Lovely Professional University in Jalandhar, India, Monday, May 20, 2013. Karzai will seek increased military aid from India during a three-day visit starting Monday and will discuss recent cross-border clashes with Pakistan, India's archrival, an aide said. ...
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Senators agree to expansion of high-tech visas
WASHINGTON -; Officials say leading senators trying to resolve a key issue on immigration legislation have agreed to a compromise covering expansion of a high-tech visa ...
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Experts Japan nuke plant needs more fault data
TOKYO -; Experts commissioned by the operator of a Japanese nuclear plant that faces possible closure because of a suspected active seismic fault say a decision should wait, citing insufficient ...
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Colombia Opening Gates to Asia Pacific Summit
Bogota, May 21 (Prensa Latina) The Summit of the member countries of the Asia Pacific Alliance, whose opening will be on Thursday, have an anteroom today in the southern city of Cali, with the meeting of the High Level Group comprising ministers Trade and Foreign Affairs. The ministers, who have been working for several months in the agreements to be sealed on the 23rd, developed technical ...
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Hundreds seek compensation in Japan nuclear crisis
Koji Otani, a lawyer representing hundreds of residents and evacuees from just outside Fukushima, points at the Hippo district of Miyagi prefecture as he speaks during a press conference in Tokyo, Tuesday, May 21, 2013. The residents said Tuesday they have been unfairly denied full compensation despite high radiation levels in their area caused by Japans 2011 nuclear disaster. Nearly 700 ...
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Closed-End Funds Offer Emerging Asia at a Discount
TheStreet ) -- Global stock markets continue to push ahead to new all-time highs in many of the most commonly traded indices. In Asia specifically, stock market rallies have come largely as a result of policy actions like ...
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Saudi debates access to stadiums for women
Football Federation chief Ahmed Eid. Eid raised the possibility of allocating 15 per cent of the capacity of a stadium being built in a sports complex in the western city of Jeddah to family booths where women could attend football matches. The stadium is due to be completed in 2014. His remarks have triggered a wide debate, mostly opposing the idea, in Saudi media forcing Eid to clarify that ...
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Carriers Maintain Asia-Med Capacity Despite Euro Crisis
Ocean carriers are paying a heavy price for failing to rein in capacity on the Asia-Mediterranean route despite the deepening economic crisis across southern Europe, according to shipping consultant Drewry.Traffic is stalling, freight rates have tumbled more than 40 percent since the beginning of the year and ships are sailing half full on the eastbound leg to the Far East."Unsustainable ...
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Asia Society Appoints Josette Sheeran As New President
- Sheeran to Bring World Leadership and Diplomatic Experience To Broaden Asia Society's Global Initiatives NEW YORK, May 21, 2013 /PRNewswire/ -- Today Asia Society announced the appointment of Josette Sheeran, the Vice Chair of The World Economic Forum, as the seventh President and CEO of the institution. Ms. Sheeran will assume the office on June 10. "Josette Sheeran is a proven ...
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BlackRock to Buy Real Estate Firm MGPA for Asia Expansion
MGPA for an undisclosed amount to expand real-estate business in the Asia-Pacific region and Europe. MGPA manages about $12 billion, focusing on real estate funds management, co-investments and separate-account mandates for institutional investors, BlackRock said today in a statement. The transaction is expected to close in the third quarter and won't materially affect ...
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Hong Kong hails return of the duck
Rubber Duck by Dutch conceptual artist Florentijn Hofman floats near Ocean Terminal at Hong Kong's Victoria Harbour May 2, 2013. The 16.5-meter-high inflatable sculpture, which made its first public appearance in the territory on Thursday, will be shown at the Ocean Terminal for a ...
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Keyboardist Ray Manzarek of Doors dies at age 74Ray Manzarek a founding member and keyboardist of 1960s rock group The Doors died on Monday at a medical clinic in Germany at age 74 following a battle with cancer the groups manager Tom Vitorino sa
rock group The Doors, died on Monday at a medical clinic in Germany at age 74 following a battle with cancer, the group's manager Tom Vitorino said. Manzarek, who lived in Northern California's Napa Valley wine country for the past decade, had been seeking treatment in Germany for bile duct cancer, Vitorino said. He died in Rosenheim, Germany, surrounded by his wife and brothers. ...
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London Mayor Boris Johnson fathered lovechild in 2009
Boris Johnson who is presently married to an Indian, is in the midst of a saucy scandal. It has now been revealed that Johnson fathered a lovechild in 2009. His identity as the father of the child had been kept secret from the public until now as per the wishes of the child's mother and art critic Helen Macintyre. But in a blow to Johnson, the appeal court on Tuesday ruled that the public ...
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Philippines protests to China over illegal sea presence
MANILA (AFP) - The Philippines said on Tuesday that it had filed a protest with China over the "illegal" presence of a Chinese warship and two other vessels at a Filipino-claimed shoal in the disputed South China Sea. The incident is the latest in an escalating dispute between the two countries over rival claims to parts of the sea, and comes after the Philippines said China occupied ...
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Court rules against man for emailing NKorean spy
South Korean Army soldiers patrol along a barbed-wire fence near the border village of the Panmunjom in Paju, South Korea, Monday, May 20, 2103. North Korea fired short-range projectiles into its own eastern waters Monday for a third straight day, Seoul officials said. The North said it was bolstering deterrence against enemy attack. (AP Photo/Ahn ...
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New rice contamination reported in China
BEIJING -; Authorities are investigating rice mills in southern China following tests that found almost half of the staple grain in one of the country's largest cities was contaminated with a toxic ...
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Oil price down to near $96 as traders wait for Fed
By early afternoon in Europe, benchmark crude for June delivery was down 60 cents to $96.11 a barrel in electronic trading on the New York Mercantile Exchange. The contract gained 69 cents to close at $96.71 on ...
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Taipei releases satellite record rejecting Manilas claim
Taiwan on Tuesday released asatelliterecord of the route of a fishing boat fired on by Philippine coastguards, flatly rejecting Manila's allegations that the boat intruded into Philippine ...
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Durian pizzas a hit with China youths
SHANGHAI: Durians are becoming more popular in China, especially among the affluent middle-class with an appetite for the exotic.Regarded by many in Southeast Asia as the king of fruits, the durian is well known for its pungent ...
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RPT-UPDATE 1-Burberry profit rises 14 percent on Asia retail growth
Tue May 21, 2013 8:34am EDT LONDON May 21 (Reuters) - British luxury group Burberry said full-year pretax profit rose a better-than-expected 14 percent on strong retail growth in Asian markets, where it is increasing numbers of Burberry branded stores. Burberry, known for its camel, red and black check-lined raincoats posted adjusted pretax profit of 428 million pounds ($651 million) in the ...
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Asia Entertainment Resources Ltd. Announces Non-Binding Memorandum of Understanding to Acquire VIP Gaming Room at Le ...
HONG KONG--(BUSINESS WIRE)-- Asia Entertainment & Resources Ltd. ("AERL") ( ), which operates through its subsidiaries and related promoter companies that act as VIP room gaming promoters, today announced that it has entered into a non-binding memorandum of understanding, whereby it will acquire all of the outstanding interests and operations of the VIP gaming room at ...
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Asia Distillates-Gasoil margins hit 6-week high on spot demand
SINGAPORE, May 21 (Reuters) - Asian gasoil margins spiked to a 6-week high on Tuesday, rebounding from a two-year low in April, supported by a near-record import from Saudi Arabia and spot demand within Asia, traders said. The June gasoil crack rose 10 cents to $17.04 a barrel above Dubai crude, highest since April 9 when it was at $17.12 a barrel, Reuters data showed. Some spot ...
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Asia NaphthaGasoline-Naphtha up on demand plant outage
SINGAPORE, May 21 (Reuters) - The Asian naphtha price rose for the third straight session to reach a 1-1/2 week high of $882 a tonne on Tuesday, while its margin was at a week's high of $99.30 a tonne, supported by recent refinery outages in India and the Middle East. South Korean demand for additional June cargoes has also given the market a boost. LG Chem bought 50,000 to ...
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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, ...
Mongolia Digest
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Mongolia coal mine sparking international interest
The government, after much deliberation, has announced that it will sell a 30% stake in the state-owned company that owns one of the largest coking coal reserves in the world, generating a flurry of interest in the industry.
Tavan Tolgoi is a huge coal mine in the Tsogttsetsii district of the southern Mongolian province of Ömnögovi. It is an extremely rural open pit coal mine that is hundreds of miles from any form of efficient transport and faces many difficulties because of this, the nearest railway, for example, is over 400 kilometers from the mine, making the transport of coal time-consuming, expensive and laborious. Read more
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