Latest Asia Pacific News
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Scotiabank says China reevaluating Guangzhou deal
By Cameron French TORONTO | Tue May 21, 2013 4:34pm EDT TORONTO (Reuters) - Bank of Nova Scotia (BNS.TO) Chief Executive Rick Waugh said on Tuesday that Chinese authorities are reevaluating whether they want to go ahead with a deal to sell 20 percent of Bank of Guangzhou to the Canadian bank. Scotiabank, Canada's No. 3 lender, announced the C$719 million ($698.09 million) purchase ...
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Obama against prosecuting reporters for doing their jobs White House
President Obama believes in the need for balance between national security concerns and the ability of reporters to work freely, White House has ...
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Deal on Osama bin Laden evidence made in WikiLeaks case
Bradley Manning . It involves evidence that the slain al-Qaida leader saw some of the classified information that Manning has admitted he caused to be published on the WikiLeaks website. If the judge approves the deal and allows the evidence at Manning's trial starting on June 3, a member of ...
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Search for US tornado survivors nearing end death toll lowered to 24
Oklahoma City suburb where massive tornado flattened homes and demolished an elementary school. Authorities lowered the death toll to 24, down from 51. Fire Chief Gary Bird said that he's "98 percent sure" there are no more survivors or bodies to recover under the rubble in Moore. He said every damaged home had been searched at least once and that he's hopeful the work could ...
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U.S. slams Japanese mayors sex-slave comments as offensive
The United States condemned as "outrageous and offensive" comments by the mayor of the Japanese city of Osaka who said this week that Japan's military brothels during World War Two were "necessary" to provide respite for soldiers. The remarks by Osaka Mayor Toru Hashimoto drew strong criticism from China and South Korea, two nations sensitive to what they see as any ...
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New Hope for Better Internet Access in Africa
WASHINGTON -- A non-profit technology company based in Kenya has created a wireless internet router that it says will help people living in places where electricity is spotty and internet service is unreliable. Founded in early 2008, Ushahidi is known primarily for its open-source software applications, but is now launching its first piece of hardware, called the BRCK. One of the BRCK's ...
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In Japan Citizen Radiation-Tracking Project Goes Big Time
A post-Fukushima effort to crowdsource radiation data in Japan has since become the largest source of radiation data in the country. And it’s now set to expand to other parts of the world. Catherine Winter reports from ...
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First AIBA Pro Boxing bout set for South Korea in July
May 21 - The International Boxing Association (AIBA) has announced the first ever AIBA Pro Boxing (APB) bout will take place on July 19 at Jeju Island in South Korea prior to the official launch of the competition next year. AIBA's most ambitious project to date, APB is looking to roll back decades of tradition by offering contracts that allow fighters to box professionally in the ...
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Is China Pushing away from Diet of U.S. Treasuries Meet the New Old-Boy Network Banks Finally Draw a Line
YahooFinance ) In February, China held $1.251 trillion in U.S. Treasuries. In March, the figure dipped to $1.250 trillion. That's a billion dollar change in a month. Is that a big deal? On the surface, it may not seem like it. But if China begins to unwind from U.S. debt at the same time the Federal Reserve scales back its quantitative easing, that combination could pose trouble for ...
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Family joins search for Ontario man missing in Australia
OTTAWA -- Family members joined a frantic search Tuesday for a Canadian man with survival training missing for more than a week in Australia's Gold Coast region. Prabhdeep Srawn of Brampton, Ont., hasn't been heard from since parking his rental car on May 13 in the village of Charlotte Pass in Kosciuszko National Park. For the last two years, the 25-year-old has been a law ...
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China to promote cleaner growth
/enpproperty--> China aims to promote cooperation among Asian political parties for sustainable development as Asia has become an engine of global economy but faces environmental challenges, an official of the Communist Party of China said on Tuesday. Shen Beili, director of Bureau I under the International Department of the CPC Central Committee, made the remarks ahead of the opening of the ...
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Chinas Xi to meet Obama months earlier than expected
BEIJING--China's new leader Xi Jinping will confer with U.S. President Barack Obama next month in California, months earlier than their expected first meeting, as both sides seek to stem a drift in relations, troubled by issues from cyberspying to North ...
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China India in talks on trade strategy Li
Li Keqiang said on Tuesday in Mumbai. "There are solutions to helping the two countries maintain rapid growth in bilateral trade and investment," Li said during an evening banquet at the China-India Commercial ...
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China-Japan trade will pick up report
/enpproperty--> Economic and trade cooperation between China and Japan will get back on track if there is no further deterioration of the countries' already strained ties, leading Chinese think tanks said in an annual report released on Tuesday. The row over ...
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China rallies poultry industry as bird flu fears wane
/enpproperty--> WUHAN - Agricultural officials ate poultry products at an ongoing national animal husbandry expo in order to boost public confidence in the poultry industry, as bird flu concerns are starting to disappear. Several officials, including Li Xirong, head of the China Animal Husbandry and Veterinary Station and Wang Zongli, deputy head of the animal husbandry department of the ...
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Massive sinkhole kills five in China
FIVE people have died after a 10-metre wide sinkhole opened up at the gates of an industrial estate in Shenzhen, the southern Chinese boom town neighbouring Hong ...
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Hashimoto brings South Korea into fray
South Korean soldiers were guilty of abusing women in wartime, Nippon Ishin no Kai (Japan Restoration Party) coleader and Osaka Mayor Toru Hashimoto said in comments reported Tuesday, days after provoking a storm by labeling sex slaves a military necessity. In a remark likely to fuel outrage and further stoke tensions in an already uneasy relationship, Hashimoto said the South Korean military ...
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China gains observer status on the Arctic Council
, the eyes of many nations are turning north. This week, the eight member states of the Arctic Council decided at their meeting in Kiruna, Sweden, to admit six non-Arctic nations as observers, most notably China. New Scientist examines the ...
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Australia advises on avoiding resource curse
If resource-rich developing countries can avoid the "resource curse," they could reduce their dependency on aid, said an Australian government ...
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Families endure desperate searches for Chinas missing children
XUZHOU, China - In front of a van plastered with pictures of about 100 children's faces, Xiao Zhaohua and Wu Xinghu pleaded with passersby for help. "Please don't think this is someone else's problem, and never take your eyes off your children!" they shouted. "We don't want more people to feel the same sadness we do." Xiao, 37, and Wu, 33, are on a ...
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Iran Bars Election Candidacies of Rafsanjani Ahmadinejad Aide
Iran says a conservative body has barred two prominent figures from competing in next month's presidential election - moderate former president Hashemi Rafsanjani and a leading conservative allied to current president Mahmoud Ahmadinejad. The Iranian interior ministry said Tuesday the Guardian Council of clerics and jurists excluded the two politicians from a final list of eight ...
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Iconic Clubs Team Up to Grow US Soccer League
Major League Baseball's New York Yankees and English Premier League football club Manchester City are joining together to enter an expansion team in U.S. Major League Soccer (MLS). The new team will be named New York City Football Club and expects to begin play in 2015 as MLS's 20th franchise. MLS Commissioner Don Garber said "this is a transformational development that will ...
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Kerry Visits Oman Seeking Syria Peace Consensus
U.S. Secretary of State John Kerry has held talks in Oman on his latest stop in a campaign to help arrange an internationally-sponsored Syrian peace ...
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UN Works to Contain Disease Epidemics in Two African Countries
A child from the Central African Republic receives a measles vaccine in a refugee camp set up by the UNHCR in Nangungue, eastern Cameroon, April 12, ...
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Liberace Film Spotlights Gay Rights at Cannes
CANNES -- The relationship between the flamboyant pianist Liberace and his young lover dazzled at the Cannes film festival on Tuesday and threw the spotlight on gay rights at the movie industry's largest annual gathering. Director Steven Soderbergh said he struggled five years ago to secure funding for "Behind the Candelabra" because some financiers thought the film would only ...
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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