Latest Asia News
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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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India leads Asian cuts in Iran oil imports ahead of waiver review
Tue May 21, 2013 6:12am EDT * India cuts Iranian crude imports 17 pct Dec-April vs previous 6 months * China may reduce Iranian imports 5-10 percent in 2013 * U.S. due to review Asia's waiver extensions on Iran sanctions 3rd time By Nidhi Verma and Meeyoung Cho NEW DELHI/SEOUL, May 21 (Reuters) - India has slashed Iranian oil imports by almost a fifth since December, the sharpest cut among ...
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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 ...
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Saudi Arabia executes crucifies 5 Yemenis for murder SPA
Saudi Arabia on Tuesday executed and crucified five Yemenis convicted of murder and forming a gang which carried out robberies across several towns in the conservative Muslim kingdom, the interior ministry said. The five were executed in the southwestern town Jizan, it said, quoted by state news agency SPA, bringing the number of executions in Saudi Arabia this year to 46, according to an AFP ...
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Iconic publication designer Roger Black joins Edipresse Asia
HONG KONG, May 21, 2013 /PRNewswire/ -- One of the best known publication designers in the past 40 years is moving to Hong Kong to head design in Asia for ...
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Asia Markets Hong Kong Sydney stocks fall Tokyo ends up
HONG KONG (MarketWatch) -- Australian stocks declined, and Hong Kong equities snapped a three-day winning run on Tuesday, weighed by overnight losses on Wall Street and uncertainty over U.S. monetary ...
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Official Roadside bomb kills 6 policemen in western Afghanistan
KABUL - A powerful roadside bomb killed six policemen in western Afghanistan on Tuesday when their vehicle hit the explosives buried in the road, an Afghan official said. Insurgents often use makeshift land mines to target both Afghan government officials and international forces in Afghanistan. The explosives often kill civilians as well, accounting for a large percentage of Afghan civilian ...
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Credit Suisse is the No. 2 in Asia prime brokers
Goldman Sachs remains Asia's top prime broker with 179 clients and total assets under management of $24.6 billion. Credit Suisse overtook Morgan Stanley by adding 14 new clients and $2.4 billion in assets over the last year, a first for any prime broker in Asia, the survey ...
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Wave of attacks kills at least 95 in IraqThe bloodshed is still far shy of the pace scale and brutality of the dark days of 2006-2007 when Sunni and Shiite militias carried out retaliatory attacks against each other in a cycle of violence that left the
BAGHDAD: A wave of attacks killed at least 95 people in Shiite and Sunni areas of Iraq today, officials said, pushing the death toll over the past week to more than 240 and extending one of the most sustained bouts of sectarian violence the country has seen in years. The bloodshed is still far shy of the pace, scale and brutality of the dark days of 2006-2007, when Sunni and Shiite militias ...
Mumbai Digest
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Mumbai taxis to be better ambassadors of the city
Taxi drivers in Mumbai are going to be educated on the finer points of etiquette, according to Mumbai news reports, and the local government insists this will improve tourism and local transport in the city and wider state.
All residents of Mumbai know that their city is the largest in India, the richest by GDP in South and Central Asia and the second biggest city in the world by population. It is the economic powerhouse of the country and is advanced to a world-class level in many ways, such as the Bombay Stock Exchange, the oldest in Asia, major development initiatives such as Nairman Point and the location in Mumbai of five Fortune 500 companies. Read more
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