Extensive gold reserves discovered in northwest China

Middle East Times - Tuesday 21st May, 2013

Geologists in China say they've found gold reserves in a northwestern province that could be worth $32 billion to the country's economy. The discovery was made in China's Xinjiang Uygur Autonomous Region, the country's state-run Xinhua News Agency reported Tuesday. The gold deposit in Xinyuan County in the Ili Valley is estimated to contain at least 53 tons, Zeng Xiaogang, ...

Air Lease Corporation Announces the Placement of Two New Airbus A321-200s with Air Macau

General Sources - Tuesday 21st May, 2013

LOS ANGELES--(BUSINESS WIRE)-- Today Air Lease Corporation ( ) announced long term lease agreements with Air Macau for two new Airbus A321-200 aircraft, which are scheduled for delivery in October 2014 and March 2015. "ALC has worked closely with Air Macau's management team since 2010 to provide fleet planning solutions that enhance their future operations. We are pleased ...

Scotiabank says China reevaluating Guangzhou deal

Reuters - Tuesday 21st May, 2013

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 ...

Venezuelan Take Five Medals at Intl Wushu Match in Hong Kong

Prensa Latina - Tuesday 21st May, 2013

Caracas, May 21 (Prensa Latina) Venezuelan athletes won five medals at the World Traditional Wushu Championship held in Hong Kong, as part of the development of the discipline in the country, official sources reported today. According to the Sports Ministry, Venezuelan Jenny Neng and Jorge Perez won two gold, two silver and one bronze medal. Perez won the two gold medals after his performance in ...

Baha Mar To Emulate Macau Casinos

Bahama Journal - Tuesday 21st May, 2013

MACAU, China – Baha Mar executives have said time and time again that when it comes to creating a luxury resort, the company will only go after the best in the industry, which is why Baha Mar's leaders are in Macau, China this week attending the G2E Asia conference. The conference is one of the largest in the world where leaders of the biggest and most profitable casinos gather to ...

Chapman brothers unveil diabolical art in Hong Kong

West Australian - Tuesday 21st May, 2013

HONG KONG (AFP) - The Chapman brothers presented their latest epic installation featuring thousands of little figures in violent conflict Tuesday at the sidelines of Art Basel in Hong Kong, but dismissed the renowned fair as a "shop"."The Sum of all Evil" by Jake and Dinos Chapman builds on previous works such as "Hell" (1999) which showcased innumerous miniature ...

UBS Securities fined in Hong Kong

China.org.cn - Tuesday 21st May, 2013

Hong Kong's securities watchdog, Securities & Futures Commission, has reprimanded and fined UBS Securities Hong Kong 1.6 million HK dollars (205,655 U.S. dollars) for regulatory breaches and internal control failings relating to position limit failures, the Commission said Tuesday in a ...

Hong Kong hails return of the duck

IOL - Tuesday 21st May, 2013

Rubber Duck by Dutch conceptual artist Florentijn Hofman floats near Ocean Terminal at Hong Kong's Victoria Harbour May 2, 2013. The 16.5-meter-high inflatable sculpture, which made its first public appearance in the territory on Thursday, will be shown at the Ocean Terminal for a ...

NYSE Euronext to reinforce the role of the capital markets as a financing source for Portuguese companies

NYSE - Tuesday 21st May, 2013

NYSE Euronext is committed to involving the ecosystem in the development of initiatives that present the stock market as an alternative companies can and should used more and more, especially SMEs, as a means to meet their needs for growth and ...

Asia Markets Hong Kong Sydney stocks fall Tokyo ends up

CBS Marketwatch - Tuesday 21st May, 2013

HONG KONG (MarketWatch) -- Australian stocks declined, and Hong Kong equities snapped a three-day winning run on Tuesday, weighed by overnight losses on Wall Street and uncertainty over U.S. monetary ...

Philippine pivot in the South China Sea

Asia Times - Tuesday 21st May, 2013

By Richard Javad Heydarian MANILA - After three years of inconclusive bilateral negotiations with China and a year of precarious diplomatic brinkmanship under Cambodia's chairmanship of the Association of Southeast Asian Nations (ASEAN), the Philippines has sought new ways to resolve its territorial disputes in the South China Sea. Despite earlier hopes that China's leadership ...

Chinese analysts defend Sino-India trade imbalance

Middle East Times - Tuesday 21st May, 2013

China's growing surplus in trade with India, an issue of concern to New Delhi, is difficult to resolve and is likely to widen, Chinese experts said. The trade imbalance has come up during the current India visit by Chinese Premier Li Keqiang. Trade between India and China is one of the fastest growing, although the two Asian neighbors have longstanding border disputes that resulted in a ...

Portuguese firms to tap into Indonesias business potentials

Asia News Network - Tuesday 21st May, 2013

Following in the steps of its European neighbors, dozens of Portuguese firms are visiting Indonesia to seek business partnerships and explore untapped local business opportunities. The delegation, touted to be the biggest Portuguese business mission to the country, highlighted its new interest in Indonesia, predicted to be among the world's 10th biggest economies within the next decade, ...

Annual fishing ban on South China Sea begins today

whatsonsanya - Tuesday 21st May, 2013

An annual fishing ban on the northern part of the South China Sea will begin on Thursday, aiming to further protect marine resources and promote environmental awareness among ...