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Nine dead in China shop fire
As many as nine people, including three children, died in a fire that broke out in China's Guangdong province early Friday, fire authorities said. The flames engulfed an automobile repair shop in Foshan city in the morning, reported Xinhua citing a fire brigade official. It was a single-storey building, existing as shop-cum-residence, the official said, adding that the fire was later ...
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China reaffirms denuclearisation on Korean Peninsula
President Xi Jinping Friday reaffirmed China's stance of denuclearisation of the Korean Peninsula while stressing that targets should be met by all parties involved irrespective of how the situation evolved. During his meeting with Choe Ryong Hae, the special envoy of Nork Korean leader Kim Jong Un, Xi stressed that denuclearisation and long-lasting peace and stability on the Korean Peninsula ...
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Pope hopes Chinas Catholics can pray without fear
Pope Francis hopes Chinese Catholics would be able to practise their faith freely and without fear, inviting them to stay loyal to the Vatican, whose authority is challenged by China's Communist rulers. "Let them live daily lives practising their faithwithout being afraid to speak of Jesus," the pontiff said. Pope Francis said he prayed that China's Catholics would receive "the grace to ...
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Pyongyang Willing to Take Chinas Advice on Talks
A North Korean envoy has told a senior Chinese official that Pyongyang is willing to take China's advice to start talks aimed at resolving tensions on the Korean peninsula. Chinese state broadcaster CCTV reported that envoy Choe Ryong Hae made that remark to a high-ranking member of China's Communist Party, Liu Yunshan, during talks in Beijing Thursday. Liu told Choe that China ...
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IHT Rendezvous Pictures Tell the Story of Portuguese in France
PARIS -- The seven-year-old in the black-and-white photograph bit shyly on her finger, concealing a slight smile. Maria da Conceição TinaMelhorado looked at her long and hard. "I knew it was me," Ms. Melhorado, 54, said, recalling her first encounter with the image in 2010, when a friend called her about it. "But the date in the caption was off by a year, so I had ...
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IHT Rendezvous The Art Hong Kong Really Loves ‘Rubber Duck’
The Dutch artist Florentijin Hofman’s giant rubber duck in Victoria Harbor. Here is the art-related news that the average Hong Kong resident cared about most this week: The giant rubber duck has been revived. Billionaire collectors may have arrived for the ...
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Fitch Macao Banks Rapid China Growth Alters Risk Profiles
Lack of Stringent U.S. CMBS Underwriting Could Affect REITs Changes in the availability, pricing, and underwriting stringency of U.S. CMBS financing could affect REITs directly and indirectly, according to Fitch Ratings. In addition, a boom-or-bust cycle for CMBS loan performance would negatively affect REITs that regularly access the CMBS ...
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Portuguese midfielder Hugo Viana edges closer to UAE move
DUBAI // The potential transfer of Hugo Viana to Al Ahli has moved a step closer with the player reportedly travelling to Dubai to discuss terms with the Pro League club. The Portuguese midfielder, currently employed by Sporting Braga, is believed to be keen on negotiating a two-year deal at the Rashid Stadium. His signing would appear to increase the likelihood of Quique Sanchez Flores ...
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Despite lousy weather initial Art Basel Hong Kong draws global collectors
HONG KONG -- Despite severe thunderstorms and flooding that closed schools and suspended subway service, art collectors from across Asia and the world streamed into the Hong Kong Convention Center Wednesday for Art Basel’s first branded fair in this eastern megalopolis port. A $2 million wall-sized Yoyoi Kusama painting, a postcard-sized Gerhard Richter painting priced at $50,000, and ...
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Macau provides lesson in supply and demand
letter to the editor . /inline-content --> Some things you must see for yourself to appreciate their scale and grandeur: Mount Rushmore, the Palace of Versailles, Arlington National Cemetery, Jay Leno's cranium. You can add Macau to that list. Las Vegas dubs itself the gaming capital of the world, but that's a moniker more soaked in nostalgia than in reality. It's the same as ...
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Hong Kong shares slide to 4-week low on China growth concerns
Fri May 24, 2013 5:09am EDT * HSI -0.2 pct, H-shares -0.2 pct, CSI300 +0.6 pct * Hong Kong shares extended losses to lowest in almost a month * China shares posted fourth-straight weekly gain * China property weak on fears of China's slowdown By Yimou Lee HONG KONG, May 24 (Reuters) - Hong Kong shares extended losses to fall to their lowest in almost a month on Friday with the property ...
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Major step for gas field in South China Sea
/enpproperty--> A major section of the Liwan 3-1 offshore gas field project in the South China Sea was completed, the Xinhua News Agency reported on Thursday. The topside portion of the central platform, the largest in Asia, was put in place. The connecting pipes, made, designed and installed by the state-owned China National Offshore Oil Corp (CNOOC), were also put in place. The Liwan 3-1 ...
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Heart transplant medical blunder in Hong Kong
medical blunder in which a transplant patient was left fighting for her life after being given a heart that did not match her blood type. The rare mistake was discovered halfway through the emergency operation at a premier public hospital when a nurse, who was not in the operating theatre, realised that the donor's AB blood type was not compatible with the recipient's type A one. ...
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Hong Kong stocks rebound Lenovo ICBC higher
HONG KONG (MarketWatch) -- Hong Kong stocks rebounded early Friday on bargain buying after steep losses in the previous session, with Lenovo Group Ltd. extending gains after solid annual results and most financial stocks rising as Japanese and mainland Chinese shares advanced. The Hang Seng ...
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Hong Kong stocks close down 0.23pc
HONG Kong stocks have closed down 0.23 per cent in volatile trade a day after heavy losses sparked by weak Chinese data and signs the US could soon scale back massive stimulus measures. The benchmark Hang Seng Index on Friday lost 51.01 points to 22,618.67 on turnover of $HK53.83 billion ($A7.15 billion), dropping 2.0 per cent for the week. The index closed at a three-and-a-half-month high on ...
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Hong Kongs April Cargo Drop Suggests Problems Beyond Strike
The drop in Hong Kong's container throughput last month indicates a structural problem exacerbated by a strike at one of the terminals last month, according to one port ...
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RPT-Hong Kong shares to open flat Lenovo jumps after earnings
Thu May 23, 2013 9:28pm EDT HONG KONG May 24 (Reuters) - Hong Kong shares are set to open flat on Friday, with PC maker Lenovo Group Ltd up 4 percent to be the top percentage gainer among Hang Seng Index components, extending gains after it reported a forecast-beating quarterly profit. The Hang Seng Index was set to open flat at 22,679.36. The China Enterprises Index of the top Chinese listings ...
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Hong Kong shares may start steady after weak Chinese manufacturing data
HONG KONG | Thu May 23, 2013 9:14pm EDT HONG KONG May 24 (Reuters) - Hong Kong shares may start steady on Friday after the release of weak Chinese manufacturing data and signs from the Federal Reserve that it is considering reducing monetary stimulus. On Thursday, the Hang Seng Index closed down 2.5 percent at 22,669.7 points, while the China Enterprises Index of the top Chinese ...
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A look at weekend Thoroughbred racing
The Memorial Day weekend kicks off summer and, with no Triple Crown hopes to extend the spring, also kicks off a "second season" of racing. There are important turf races at Churchill Downs, Belmont Park, Hollywood Park and Arlington Park. Some of the nation's top steeds will be on display in the Grade I Met Mile at Belmont. Fillies and mares are in action from coast to coast and ...
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Tiger Airways launches Hong Kong-Jakarta service
HONG KONG - Tiger Airways brings in valued travel options to Indonesia with its launch of direct service between Hong Kong and Jakarta. From 25 July 2013, Tiger Airways will fly to the capital of Indonesia four times weekly on Monday, Tuesday, Thursday and Saturday, with an increase to daily flights from September onwards. "We are excited that Tiger Airways is the first low cost carrier ...
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A Look Ahead To The Flash Point In The South China Sea
Beijing continues to pressure its neighbors over strings of disputed areas in the South China Sea that reportedly hold massive deposits of oil and gas. The ongoing disputes raise serious questions about China's goals in the region and how the United States should address escalating ...
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Guangzhou oysters contaminated by cadmium
/enpproperty--> Oyster fans might want to reduce their consumption of the mollusks as test results in Guangzhou showed they contained excessive amounts of cadmium and other heavy metals. Following a scandal of cadmium-tainted rice in the southern province, China Central Television reported that 1 kilogram of oysters sold at a Guangzhou restaurant, famous for grilled oysters, contained 2 mg ...
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Rusal’s new director entangled in Hong Kong trading scandal
Russia and the global economy Rusal, the world's largest aluminum producer, is without the company's independent non-executive director Barry Cheung Chun-Yuen, who has taken a leave of absence following an investigation into the Hong Kong Mercantile Exchange (HKMEx) which he chairs. The Hong Kong Securities and Futures ...
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Successful dive confirmed in South China Sea
/enpproperty--> The China Ocean Mineral Resources Research and Development Association said on Thursday that Qianlong No1 completed a successful dive of 4,159 meters in the South China Sea in May. The dive was a major boost to efforts to explore the ocean floor and carry out research. Qianlong No1 is 4.6 meters long and 1.6 meters wide, weighing about 1,500 kilograms. The submersible is ...
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Police bust Guangzhou betting gang
/enpproperty--> Police in the Guangdong provincial capital detained 157 suspects amid a crackdown against illegal soccer gambling. More than 132 million yuan ($21.29 million) has been frozen in bank accounts as police targeted a major soccer betting syndicate in the Pearl River delta, according to a press release from the Guangzhou bureau of public security on Thursday. Coordinated ...
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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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