Latest Asia Pacific News
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China hears blunt message on hacking Obama
Xi Jinping with accepting more global responsibility for Beijing. "We've had very blunt conversations about this. They understand, I think, that this can adversely affect the fundamentals of the US-China relationship," Obama told ...
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G8 stance is sign of approval for Abenomics Japan
Group of Eight summit's stance on Tokyo's sweeping stimulus policies as a vote of confidence in the government's strategy to end 15 years of entrenched deflation and revive a lacklustre economy. Japan's economics minister also moved to parry any suggestion that Prime Minister Shinzo Abe's policies, known as ...
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China Announces Its Full Support of Palestinian Move Date 2482011 Time 2334
China Announces Its Full Support of Palestinian Move Date : 24/8/2011 Time : 23:34 Palestine-China, Politics, 8/26/2011 The Chinese Middle East envoy to the peace process, Wu Sike, transferred on Wednesday a message from the Chinese leadership confirming China's full support for the Palestinian UN bid in a meeting with Presidential General Secretary, Tayyeb Abdul Rahim, in the ...
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Russia foreign minister to visit Japan in fall
Japanese Prime Minister Shinzo Abe and Russian President Vladimir Putin agreed Monday that Russian Foreign Minister Sergei Lavrov will visit Japan this fall to boost political dialogue, a Japanese official said. Abe and Putin shared the view that it is important to hold bilateral political dialogue "at a quick tempo" based on the results of their previous talks in Moscow in April, ...
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Aquino vows not back down from any challenge to its sovereignty
Philippine President Aquino on Wednesday vowed that the Philippines "will not back down from any challenge" to its sovereignty. In a speech marking the 115th anniversary of Philippine independence from Spain, Aquino said the country "had not claimed territory that clearly belonged to another nation", but only asked that "our territory, rights and dignity be ...
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N. Korean leader inspects food factory in Pyongyang
North Korean leader Kim Jong Un has inspected a newly remodeled food factory in Pyongyang, the North's state media said Saturday. According to the Korean Central News Agency (KCNA) report, Kim "provided field guidance to the Pyongyang Essential Foodstuff Factory," without specifying the date of the visit. "This factory is like a nice palace for the workers, the one meeting ...
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Japans U.N. envoy under fire for telling other diplomats to shut up
Japan's human rights envoy to the United Nations was facing calls Wednesday to quit over a video which showed him shouting at fellow diplomats to "shut up." YouTube footage of the incident at the U.N. torture committee in Geneva has provoked a storm of criticism on the Internet, with demands that ambassador Hideaki Ueda be recalled to Japan. Blogging Japanese lawyer Shinichiro ...
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Hollande France to deepen ties with Japan
French President Francois Hollande (Photo:Agencies) Visiting French President Francois Hollande says his country will put emphasis on its ties with Japan and strengthen bilateral cooperation in a wide range of fields. In an interview with NHK in Tokyo on Friday, Hollande said he hopes Japan and France will cooperate in fields like energy and nuclear power. The French president also expressed ...
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N. Korea declares no-sail zone in Yellow Sea Seoul source
North Korea has set a no-sail zone in the Yellow Sea off its central west coast apparently for an artillery exercise, a South Korean military source said Saturday. "North Korea has designated the sailing ban area around the Seohan bay starting from today until early next week," the source said, noting that the North has previously taken similar actions when conducting artillery ...
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Indian PM sees Japan as a partner on sea issues
India and Japan share a strong strategic interest in expanding cooperation on maritime security and promoting regional stability, Indian Prime Minister Manmohan Singh said Tuesday. Ensuring that sea lanes remain open and free is vital for the region's prosperity, given its dependence on oil imports from the Middle East, Singh said on a four-day Japan visit focused on firming up the two ...
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S.Koreas Park to visit China
South Korean President Park Geun-hye (Photo:Agencies) South Korean President Park Geun-hye will visit China in late June for a summit meeting with President Xi Jinping. South Korean presidential spokesman Kim Haing said on Friday that Park will visit as a state guest for 4 days from June 27th. He said the summit and a banquet will be staged on the first day. Park is also due to meet other ...
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Ambow setback teaches Baring a lesson in China investing
By Matthew Miller and Stephen Aldred June 18 | Tue Jun 18, 2013 12:45am EDT June 18 (Reuters) - Baring Asia Private Equity, with $5 billion in assets under management, has a reputation as one of the savviest investors in China. But the Hong Kong-based firm is now sitting on an $43 million paper loss from a $57 million investment in New York Stock Exchange-listed Ambow Education ...
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Champions Trophy Australia confidence low says George Bailey
George Bailey concedes confidence within the Australia camp is running dry following their early elimination from the ICC Champions Trophy. Australia were knocked out of the ODI competition on Monday night after a 20-run defeat to Sri Lanka at the Kia Oval. ...
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I am not a spy for Chinese insists defiant whistleblower
Edward Snowden, the US intelligence whistleblower, has declared that the US government will not be able to cover up his revelations about its vast data-collection programme "by jailing or murdering ...
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Chinese mainland to send 3 red pandas to Taiwan
The Chinese mainland will send three red pandas to Taiwan for the first time. Officials from the coastal province of Fujian made the announcement on Sunday. Red pandas are also known as lesser pandas, and resemble racoons. Three red pandas have been chosen from a research center in the provincial capital Fuzhou. Two are female. Officials hope this move can help the species breed in Taiwan. The ...
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Chinas FDI edges up 0.29 in May
FDI recovery after declining for eight consecutive months since June of 2012. During the first five months, the inbound investment increased 1.03 percent from a year earlier to $47.6 billion, data ...
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This Worries Us Most About China Says World Bank
Financial instability in China, stemming from its vast shadow banking sector, is a lurking threat for the world's second largest economy, according to Hans Timmer, director of the Development Prospects Group at the World Bank."[China has] a shadow banking sector where nobody knows who is on the hook for all kinds of loans; [it] has 160 percent of GDP [gross domestic product] of private ...
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End in Sight for China Equity Downtrend
China remains one of Asia's worst-performing stock markets this year, but there are reasons to believe the prevailing downtrend for the long-time laggard may be coming to an end. In broad terms, the ...
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Obama says China getting tougher on N Korea
US President Barack Obama said that China is taking a tougher line against North Korea's nuclear program as he credited new President Xi Jinping with taking more responsibility in the ...
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Liberals pledge productivity commission for South Australia
SA Opposition Leader Steven Marshall said the Liberals would set up a state productivity commission if they won the South Australian election next March.He outlined the policy as part of his budget reply speech in State Parliament.Mr Marshall said the first job of a commission would be to do an independent review of the state's finances ahead of the budget.He told Parliament it would not ...
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Socceroos v Iraq Tim Cahill confident of World Cup 2014 qualification as pressure mounts on Australia
Sydney 2000 The pressure of qualifying for Brazil is not suffocating Tim Cahill or the Socceroos as they aim to turn Sydney into their World Cup dream factory for the second time in eight years.After nearly three weeks in camp, Australia say they are ready to rise to the challenge of beating Iraq at Sydney's Olympic stadium on Tuesday night and secure a World Cup finals berth.Superstar ...
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Barack Obama Iranian people want a different direction
Barack Obama said Monday that Iran's election of a relative moderate shows that the country's people want to change course. But he stressed that Tehran still needs to show the international community that it's not pursuing a nuclear weapon. Obama said in an interview with PBS' Charlie Rose airing on Monday night that the Iranian election of cleric Hasan Rowhani showed that ...
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Afghan Forces Struggle as U.S. Weans Them Off Support
KABUL, Afghanistan ...
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Encompass Asia Pacific Builds Regions First MEGAPOD
Encompass builds first-of-its-kind multichannel broadcast monitoring and playout facility; doubles capacity to meet customer demand for over-the-top (OTT) services across Asia Pacific Singapore, June 18, 2013 - (ACN Newswire) - Encompass Digital Media, one of the world's top digital media services providers and a leader in global satellite and terrestrial connectivity, announced today ...
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Fitch Upgrades Australias Downer to BBB Outlook Stable
Fitch: Spanish Floor Clause Ruling May Reduce Excess Spread A recent Spanish Supreme Court ruling could cause lenders to stop applying floor clauses that set minimum interest rates in mortgage contracts, and so reduce excess spread in Spanish RMBS transactions, Fitch Ratings says. The presence of interest rate floors in mortgage contracts has bolstered excess spread during the recent period of ...
Digest on Australia
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Australia the energy superpower?
A new boom in the extraction of Australia's natural gas reserves will have immense economic benefits for the country and especially the state of Western Australia, but conservationists warn of an environmental impact.
Australia is a country rich in natural resources, because of this its economy is an export driven one, and coal, iron ore, wool, meat, gold, and wheat are some of its main exports. It was in the 1920’s that Australia’s economic potential was underpinned by the gold rush that saw its population triple in size in just ten years. Read more
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