Latest Asia Pacific News
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Australia Consumer Morale Falls Sharply On Budget
Confidence among Australian consumers declined sharply in May to its lowest level since August 2012, driven largely by negative responses to the Federal Budget, a survey by Westpac and Melbourne Institute showed Wednesday. The index of consumer sentiment fell 7 percent in May to 97.6 from 104.9 in April. This is the lowest reading since August 2012. The survey also revealed that pessimists ...
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Chinas President to Visit Mexico
Mexico, May 22 (Prensa Latina) President of the Popular Republic of China, Xi Jinping, will visit Mexico from June 4 to 6, informed the Foreign Affairs Secretary. According to the statement, the Chinese head of state will have a private meeting with Mexican president, Enrique Peña Nieto, and another with the official commissions of both countries. The agenda includes his participation in ...
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How should India deal with China
Dr. Singh’s calculation is that in order to continue trade, which is hugely in favor of China, the latter may have to pay a price and that price is agreeing to Indian position of maintaining the status quo along the Indo-Chinese borders. After all, trade deficit is around 29 billion USD in favor of China. But the bigger question is does Chinese as people consider material success in the ...
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Taiwan April unemployment down says DGBAS
Taiwan had 464,000 jobless citizens in April 2013, equivalent to an unemployment rate of 4.07%, which represents a drop by 0.10 percentage point on month and 0.03 percentage point on year, according to the Directorate-General of Budget, Accounting and Statistics ...
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Nanjing Z-Com developing 4G small cells for China market
China-based Nanjing Z-Com Wireless has cooperated with IC design houses to begin development of 4G small cell equipment specifically for the China market and expects adoption by mobile telecom carriers to take off in 2014, according to the ...
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Taiwan panel industry output value worth US$7.86 billion in 1Q13 says IEK
The output value of Taiwan's panel industry reached NT$234.47 billion (US$7.86 billion) in the first quarter of 2013, down 7.5% on quarter, according to the Industrial Economics & Knowledge Center ...
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Australia Consumer Confidence Dives
was conducted in the week the Labor government delayed a long-promised return to a budget surplus. The government blamed a stubbornly high Australian dollar and lower commodity prices for a dramatic fall in revenues. It also came after the Reserve Bank of ...
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Bank of Japan maintains policy cheers Abenomics
Japan's central bank pledged Wednesday to maintain its ambitious quantitative easing program, saying that economic conditions in the country are ...
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Andy Warhol pops up in China
A model, wearing a Campbell's Soup dress in a nod to Andy Warhol's iconic pop art, stands at the "Andy Warhol: 15 Minutes Eternal" exhibition currently showing in ...
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Australia guns down 10000 horses
(53 mins ago) A controversial cull of up to 10,000 wild horses in Australia's harsh Outback reportedly began today in a bid to control the feral animals which officials say are destroying the land. The Central Land Council said animals – including horses, donkeys and camels – were dying in their thousands because of a lack of food and water and a cull was necessary on ...
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Bank of Japan sees economy improving
(1 hr 4 mins ago) Japan's central bank says the world's third-biggest economy is "picking up'' as demand recovers in other countries and remains resilient at home. The Bank of Japan ended a policy meeting on Wednesday with no change to its strategy of doubling the monetary base for the sake of reaching a 2 percent inflation target and jolting the economy out of two ...
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The Yuaning Gap Despite recurring border tensions bilateral investments and visits between India and China are breaking new records
In October 2010, industrialist Anil Ambani-owned Reliance Power ordered $10 billion worth of power equipment from Shanghai Electric Group to generate 32,000 mw of power, in the biggest ever business deal between an Indian and Chinese company. The deal, which also meant Shanghai Electric would set up plants in India to make power equipment, was signed on the eve of a meeting between Prime ...
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Economic Report Bank of Japan ups economic outlook
LOS ANGELES (MarketWatch) -- The Bank of Japan raised its economic assessment at the end of its two-day meeting on Wednesday, while holding its policy ...
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Asia Markets Japan stocks hold gains after central-bank meet
HONG KONG (MarketWatch) -- Japanese stocks stayed on course for a fresh multiyear high Wednesday after the country's central bank raised its economic outlook, even as it left other elements of its monetary policy ...
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Caixin Online China Premier’s India trip is about new strategies
Chinese Premier Li Keqiang (L) waves as India's Prime Minister Manmohan Singh watches after Li's ceremonial reception at the forecourt of India's presidential palace Rashtrapati Bhavan in New Delhi in this May 20, 2013 ...
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Hershey tapping into ‘milk candy’ market in China
The Dauphin County company says it's debuting a line called Lancaster in three cities next month, followed by wider distribution next year. Hershey notes that milk candy accounts for a quarter of the candy market in ...
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Researchers find high cesium in some Pacific plankton
Kazuhiro Shiraishi, 66, is a guest-house manager in the Izu-kogen Highlands, a famous resort area on the Izu Peninsula of Shizuoka Prefecture. Looking out onto the Pacific Ocean, and just 90 minutes by train from Tokyo, Izu has a warm climate all year round ...
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Chinas tourist industry urged to promote practices of good faith
BEIJING, China - China's tourist industry has been urged by a senior official to promote practices of good faith. Liu Qibao, head of the Publicity Department of the Communist Party of China Central Committee, made the comment during a four-day inspection tour, that ended on Monday, in south China's Guangdong and Hainan provinces. When visiting Hainan, a popular tourist destination, ...
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State media dispatch shows North Korea has named hardline general as new military chief
PYONGYANG, North Korea - A North Korean state media dispatch shows that leader Kim Jong Un has named a hardline general as his new military chief. The new title for Kim Kyok Sik came in a dispatch Wednesday from the North's Korean Central News Agency detailing a delegation at Pyongyang's airport that was seeing off a special envoy on a trip to China. There were no other details on the ...
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NKorea Sends Special Envoy to China
North Korean leader Kim Jong Un dispatched a high-profile official and close confidant to travel to China on Wednesday as a special envoy while Beijing is under pressure to rein in its belligerent neighbor. Choe Ryong Hae, a top Workers' Party official and a vice marshal tasked with supervising the North Korean army, departed on a chartered Air Koryo flight with a political and military ...
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China arrests 13 over protest rumours
BEIJING (AFP) - Chinese authorities have arrested 13 people for Internet posts that sparked a rare protest in Beijing, highlighting tensions between officials and migrant workers, police said.The 13 held include the boyfriend of Yuan Liya, a 22-year-old woman who fell to her death from a shopping mall, igniting the hours-long protest by hundreds of people earlier this month, Beijing police said ...
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PRECIOUS-Gold gains on China demand hopes of U.S. stimulus continuing
* Gold still trading near 2-year lows * China demand remains strong-trader * Coming Up: Fed Chairman Bernanke speaks at 1400 GMT (Adds quotes, updates prices) By A. Ananthalakshmi SINGAPORE, May 22 (Reuters) - Gold edged higher on Wednesday due to strong Chinese demand and after Federal Reserve officials allayed investor concerns that the U.S. central bank will soon exit its ...
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North Korea sends leaders special envoy to China
PYONGYANG, North Korea (AP) -- North Korean leader Kim Jong Un dispatched a high-profile official and close confidant to travel to China on Wednesday as a special envoy while Beijing is under pressure to rein in its belligerent ...
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Underdogs Australia Ready for Ashes Scrap-Clarke
SYDNEY ...
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China shares headed for 6th straight daily gain rain storm delays HK open
Wed May 22, 2013 12:21am EDT * CSI300 +0.2 pct, Hong Kong to open from 0500 GMT * Rainstorm forces cancellation of morning HK trade * China autos strong, May sales reportedly strong By Clement Tan HONG KONG, May 22 (Reuters) - China shares were headed for a sixth-straight daily gain on Wednesday, with most automakers strong after the official China Securities Journal cited an industrial ...
Osaka Digest
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Osaka sees first InterContinental hotel built
Osaka is a major travel destination within Japan and the wider Asian region for business travelers and leisure tourists alike. The city is an economic powerhouse and part of the backbone of the Japanese economy. It makes sense for InterContinental to finally open a hotel here then.
Osaka is the second command center of the Japanese economy after Tokyo, with a daytime and nighttime population that reflects the massive draw of the city as an economic powerhouse. Read more
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