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Oliver tops 110m hurdles at World Challenge Beijing
With the absence of Chinese star Liu Xiang, American David Oliver topped the men's 110-metre hurdles at the 2013 IAAF World Challenge Beijing here, while China's Li Jinzhe continued his good form and grabbed a second win in the men's long jump. Oliver, bronze medallist in the event at the 2008 Beijing Games, held off the challenge of London Olympic runner-up Jason Richardson and Jamaica's ...
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`China-Pakistan have all-weather strategic ties
Li Keqiang left India for Pakistan Wednesday, the second stop of his first overseas trip as China's premier. Xinhua described the Islamabad-Beijing ties as an "all-weather strategic partnership". It is worth noting that Li is the first foreign leader to visit Pakistan in the wake of the country's general elections, Xinhua said in a commentary. The two "firsts" testified to the "all-weather ...
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Guangzhou sink Mariners to reach Asias last eight
SINGAPORE (AFP) - Chinese giants Guangzhou Evergrande marched into the AFC Champions League quarter-finals and underlined their strong title credentials with a convincing 3-0 win over Central Coast Mariners on Wednesday.Goals from Muriqui, Dario Conca and Gao Lin took Marcello Lippi's team through with room to spare, as Japan's Kashiwa Reysol also swept into the last eight with a 5-2 ...
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Chapman brothers exhibit hanged Ronald McDonald in Hong Kong
What can only be described as grotesque by conservative art connoisseurs is beauty for the Chapman brothers. By the looks of their work, it seems that they create art to shock regular ...
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Hong Kong soaked by black rainstorm
A mother carries her daughter as she wades through ankle-deep water on the streets of Hong Kong – where rainfall in some districts reached 200 millimetres. The Hong Kong Observatory issued a black rainstorm warning signal on Wednesday May 22. REUTERS/Tyrone ...
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Guangzhou Kashiwa ease into quarters
Guangzhou Evergrande marched into the AFC Champions League quarter-finals and underlined their strong title credentials with a convincing 3-0 win over Central Coast Mariners on ...
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Fallout spreads in Hong Kong over shut-down Mercantile Exchange
HONG KONG (Reuters) - A close political ally of Hong Kong's chief executive has vowed to cooperate with an investigation into the shuttered Hong Kong Mercantile Exchange after the city's financial watchdog said it had alerted the police to ...
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Six face extortion charges in China for sex-video scandal
Chinese authorities have charged six people with extortion in connection with a scandal involving secretly recorded sex videos, prosecutors said Wednesday. The six are accused of luring officials in the southwestern city of Chongqing into having sex with women and secretly recording the encounters to blackmail the officials, China's official Xinhua News Agency reported. The suspects were ...
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Gold Bars Hit New Record Premium in Hong Kong Ahead of US Fed Speech Europe Urged to Start Aggressive Money Printing
prices rose throughout Asian and early London trade in the wholesale market on Wednesday, touching $1398 per ounce for the third time this week and recovering 4.4% from Monday's one-month low.Silver rose more steadily, and was capped below $22.80 as energy prices slipped and agricultural commodities held flat.Tuesday's retreat in the gold price today ...
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German KfW bank to help set up Portuguese financial body-finmins
BERLIN | Wed May 22, 2013 8:21am EDT BERLIN May 22 (Reuters) - German state development bank KfW will help establish a Portuguese financial institution to help economic growth and boost job creation in the crisis-stricken country, the finance ministers of Germany and Portugal said in a joint statement. They said a fall in Portugal's sovereign borrowing costs had not yet completely ...
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China repeats call for implementing DOC in the South China Sea
China on Wednesday urged relevant countries to fully and earnestly implement the Declaration on the Conduct of Parties in the South China Sea (DOC) and refrain from actions that could amplify or complicate the issue.Chinese Foreign Ministry spokesman Hong Lei made the remarks at a regular press briefing in response to a media request for a comment on the Philippines' recent ...
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A preview of Art Basel in Hong Kong
An installation "Log Lady & Dirty Bunny" by US artist Marnie Weber is displayed during a preview of the first Art Basel in Hong Kong May 22, 2013. Founded by gallerists in 1970, the Art Basel is an international art show which has been held annually in Basel and Miami Beach. Its debut in Hong Kong features modern and contemporary artworks by more than 2,000 artists from Asia and ...
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Hong Kong stocks end down 0.45
HONG Kong stocks have closed down 0.45 per cent despite a strong lead from Wall Street, as dealers wait for testimony from Federal Reserve chairman Ben Bernanke on the US economic outlook. The benchmark Hang Seng Index on Wednesday lost 105.29 points to 23,261 on turnover of $HK52.41 billion ($A6.92 billion) after the morning session was cancelled because of a heavy rainfall warning. In the ...
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Fitch Publishes Macaos Aa- Ratings Outlook Stable
HONG KONG, May 22 (Fitch) Fitch Ratings has published Macao's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'AA-'. The Outlooks are Stable. The agency has also published its Country Ceiling of 'AA+' and its Short-Term Foreign-Currency IDR of 'F1+'. Key Rating Drivers Macao's ratings are underpinned by its robust fiscal and ...
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Hong Kong shares slide in storm-shortened trade China tepid
Wed May 22, 2013 5:16am EDT * HSI -0.5 pct, H-shares -0.3 pct, CSI300 +0.1 pct * Rainstorm forces cancellation of morning HK trade * China power producers slump again, hit by Citi downgrade * China autos lifted by reported strong May sales, subsidies extension By Clement Tan HONG KONG, May 22 (Reuters) - Hong Kong shares fell further from 3-1/2-month highs on Wednesday and mainland China markets ...
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Sinopec Engineering shares jump ahead of Hong Kong debut
HONG KONG | Wed May 22, 2013 4:40am EDT HONG KONG May 22 (Reuters) - Sinopec Engineering (Group) Co Ltd gained as much as 8.6 percent in gray market trading on Wednesday, underscoring expectations the stock will climb in its official debut on the Hong Kong stock exchange on Thursday. Shares of Sinopec Engineering traded as high as HK$11.40, up from the IPO price of HK$10.50, according ...
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A-Ma Temple in Chinas Macao
Constructed in the year of 1488 during the Ming Dynasty (1368-1644), the A-Ma Temple is the oldest temple in Macao to commemorate Mazu, the sacred sea goddess who blesses the fishermen and seafarers of the ...
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Hong Kong shares close down 0.5 pct Chinese power producers weak again
HONG KONG | Wed May 22, 2013 4:08am EDT HONG KONG May 22 (Reuters) - Hong Kong shares fell further from a 3-1/2-month high on Wednesday, with Chinese power producers extending losses, hit by a Citi downgrade on fears that a possible tariff cut could hurt profit margins. The Hang Seng Index closed down 0.5 percent at 23,261.08 points, its second loss after ending Monday at its highest ...
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Heavy rain puts Hong Kong on hold
/enpproperty--> HONG KONG - Hong Kong had been affected by heavy rain on Wednesday morning, with more than 20 cases of flooding reported, and schools and public services on halt. The city's observatory issued black rainstorm warning at around 4 am local time which had been in force for over five hours. More than 150 mm of rainfall were recorded over many parts of the territory. A total ...
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Hong Kong Disneyland unveils new attraction
Mystic Manor, the final chapter of Hong Kong Disneyland's current expansion project officially opened on May 17, 2013 to attract large numbers of tourists. [Photo: Xinhua] Mystic Manor, the final chapter of Hong Kong Disneyland's current expansion project officially opened recently, attracting large numbers of tourists. Featuring one of the most sophisticated systems ever built by ...
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Hong Kong opens up 0.18 after rains
HONG Kong stocks have opened up 0.18 per cent after the start of trading was delayed by a severe rainstorm warning, and following a strong lead from the US and ...
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Hong Kong stocks rise after storm-delayed start
HONG KONG (MarketWatch) -- Hong Kong stocks overcame tentative early trade to edge higher Wednesday, with property developers and Chinese banks rising in the wake of strong global and regional cues to offset losses for heavyweight HSBC Holdings PLC. The Hang Seng ...
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Road cave-in kills five people in China
A road in south China's Guangdong province caved in, killing at least five people, authorities said. The incident Tuesday occurred at the Huamao industrial park in Shenzen, a major city in the province in the southern tip of mainland China. Guangdong, adjacent to Hong Kong and Macau, has been hit by major flooding caused by heavy rainstorms that have claimed at least 33 lives. At the road ...
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Study says India Jordan Bangladesh Hong Kong worlds most racially intolerant
INDIA, Jordan, Bangladesh and Hong Kong are among the the most racist countries in the world - but Britain is among the most accepting of different races, a survey has found. The World Values Survey asked people in more than 80 countries what type of people they did NOT want as neighbours. More than 40 per cent of those quizzed in India, Jordan, Bangladesh and Hong Kong said they didn't ...
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China Galaxy soars 11 pct in debut after $1.1 bln Hong Kong IPO
HONG KONG | Wed May 22, 2013 1:12am EDT HONG KONG May 22 (Reuters) - China Galaxy Securities Co Ltd rose as much as 11.3 percent in its trading debut on Wednesday after raising $1.1 billion in a Hong Kong IPO, underscoring a surge in retail investors' demand for new listings in the city. The debut of China's seventh-biggest brokerage, and that of Sinopec Engineering (Group) Co ...
Macau Featured
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Macau economy punches way above its weight
Macau’s economy is set for a continued period of rapid growth over the next decade as Asia tops the charts in terms of revenue gained through gaming industries, but there is more to our little city-state than just casinos and hotels.
Macau is the Monaco of Asia. Although legally part of the Peoples Republic of China, this small little territory, just 29 kilometers squared and one of the most densely populated in the world, exists under the ‘one country, two systems’ policy of the Chinese government and therefore has its own internal legal system and political makeup. It is this which has enabled Macau, a tiny city-state with no natural resources, to develop one of the highest GDPs per capita in Asia, after Singapore. Read more
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