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Australian coal miners face China cap
China’s new leadership seems to have a new slogan – ';control coal'; – and Australia’s coal exporters underestimate their resolve to cap consumption of the fossil fuel at their peril, a Chinese researcher says. China’s leaders under President Xi Jinping say they plan to enforce a target of limiting annual coal use to 4 billion tonnes – about half ...
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KFC Loses Its Touch in China Its Biggest Overseas Market
Last week, Yum! Brands (YUM), which owns KFC, reported that sales at stores in China open for at least a year fell 29 percent in April as concerns about the safety of its chicken and the spread of avian flu had customers steering clear of KFC restaurants. The company predicted the publicity fuelling the revenue collapse would be ';relatively short-lived,'; but bird flu fears ...
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China’s State Grid to buy 19.9 pct stake in SP AusNet
Singapore Power International (SPI) has agreed to sell a 19.9 percent stake in Australia’s SP AusNet to China’s State Grid International Development Ltd for A$824 million ($812 million), SP Ausnet said in a stock market filing on Friday. SP AusNet, listed in Australia and Singapore, owns and operates electricity and gas distribution assets in Victoria state, including the ...
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US slams Japanese mayor’s 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 ...
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Japan’s Economy Growing at 3.5pct Annualised Rate
In the first sign that the bold policies of prime minister Shinzo Abe are gaining traction in the real economy, Japan’s gross domestic product grew at a robust annualised pace of 3.5 percent in the first quarter, kindling hopes that recovery would finally take hold for the long-suffering economic power. Japanese growth came to 0.9 percent for the January-to-March period compared with a ...
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US stresses coordination after Japan PM’s aide visits N Korea
A US envoy for North Korea sidestepped questions on Thursday on the nature of a surprise visit to Pyongyang by an aide to Japan’s prime minister, but said all sides tackling North Korea’s nuclear ambitions should coordinate closely. Isao Iijima’s trip to the North Korean capital, Pyongyang, and his talks with senior officials there have irritated South Korea and analysts said ...
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Japan Becomes Most Favoured Nation in Poll Showing Abe Optimism
Investors are more confident in a Japanese leader than any time since at least September 2010, with optimism about prime minister Shinzo Abe’s policies exceeding that for counterparts in the US, Europe and China. The number of respondents who are more optimistic than pessimistic on the impact of Abe’s plans on Japan’s investment climate rose to 66 percent this month from 54 ...
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Japan’s Investment Banks Love Abenomics’s Stimulus
Investment banks are among the first and biggest beneficiaries of Japan’s new economic stimulus policies, known as Abenomics. Since prime minister Shinzo Abe came into office in December with a plan to end more than a decade of deflation, demand for banks that help companies sell equity and debt is white-hot. Companies have more than tripled sales of stock to 1.7 trillion yen ($17 billion) ...
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Only in the Philippines
As in the 2010 election, the machines divulged the winners of this year’s election in record time although there is no official proclamation yet as to the winners of the senatorial race, allegedly because of ';transmission'; problems. And like what happened in 2010 the people are amazed at the speed in which the results are known. They seem to be mesmerised into believing that ...
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Philippines’ Asia United Bank climbs 9.5pct on debut
Philippine lender Asia United Bank Corp jumped as much as 9.5 percent on its market debut on Friday after an oversubscribed public offer, the first listing since the country won investment rating upgrades from two agencies this year. The medium-sized bank’s overseas public offer, five times oversubscribed mainly by Asian investors, highlighted the country’s rise as one of the ...
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Thailand starts phasing out shackles in prisons
Thailand’s government is phasing out the use of shackles in prisons in a move aimed at improving its international human rights standards. Hundreds of inmates convicted of major crimes in the country had to wear shackles on their hands and feet. Some shackles can weigh as much as five kilograms. The move has been welcomed by inmates and human rights campaigners. Tom Bayly ...
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American Born Entrepreneur Becomes Billionaire In Thailand
American born entrepreneur William Heinecke, 64, makes his debut among the world’s billionaires, thanks to a surge in the value of his Minor International hotel and food company. Shares of the outfit, in which he has a one third stake, were up 5 percent on Thursday; they have nearly doubled in the past year. Minor, which he founded nearly five decades ago, is now the largest listed hotel ...
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Indonesia Critical of United Nations Syrian Resolution Elements
The UN general Assembly condemned President Bashar al-Assad’s ';escalation'; of the Syrian war on Wednesday but Indonesia, along with 58 other nations, including Brazil, South Africa and India, abstained. After three years of civil war – and with the death toll topping 90,000 – leaders and envoys from world and regional powers are shuttling between capitals trying ...
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Pentagon chief vows to fix militarys sexual assault problem
WASHINGTON (Reuters) - Defense Secretary Chuck Hagel ordered top military chiefs on Friday to redouble their effort to address the problem of sexual assault, saying the frequency and perceived tolerance of the crime was eroding the military's ability conduct its ...
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China Revise Disability Regulations for Education
Submission by Human Rights Watch to the Legislative Affairs Office of the State Council on the proposed amendments to the Regulations of Education of Persons with Disabilities in ...
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China Submission by Human Rights Watch to the Legislative Affairs Office of the State Council
Submission by Human Rights Watch to the Legislative Affairs Office of the State Council on the proposed amendments to the Regulations of Education of Persons with Disabilities in ...
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Syria refugee tally tops 1.5 million UNMore than 1.5 million Syrians have fled their conflict-ravaged homeland the UNs refugee agency said today warning that the real figure could be even higher as the tally only reflected those who register with
UN's refugee agency said today, warning that the real figure could be even higher as the tally only reflected those who register with aid groups. Dan McNorton, spokesman for the UN High Commissioner for Refugees, told reporters that close to 250,000 Syrians were being registered each month. "Refugees tell us the increased fighting and changing of control of towns and villages, in ...
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Asia-Pacific film festival cultural base to be built in Sanya
Hongkong’s ITC Properties Group Limited will invest RMB 6 billion in the construction of an Asia-Pacific film festival cultural base in Sanya, Hainan. After the base is completed, an Asia-Pacific film festival and TV festival will be held in Sanya every year, and the base will be the permanent and high-end site of film conventions and exhibitions in the Asia-Pacific area. The ITC ...
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Treasury officials told of IRS probe in June 2012
Ousted IRS chief Steven Miller testifies on Capitol Hill in Washington, Friday, May 17, 2013, before the House Ways and Means Committee hearing on the extra scrutiny the IRS gave Tea Party and other conservative groups that applied for tax-exempt status. (AP Photo/J. Scott ...
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Boston bombing Judge rejects defence bid to photograph Tsarnaev
Dzhokhar Tsarnaev who want to take periodic photos of him in prison. US Magistrate Judge Marianne Bowler today said the prison where Tsarnaev is housed has a policy against visitors bringing cameras. Tsarnaev's lawyers argued the photos could provide evidence on the voluntariness of his statements and be used in an argument to mitigate his sentence. The 19-year-old Tsarnaev is charged in ...
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Cannes Film Festival Man held after scare at TV studio
Cannes Film Festival , where he attacked a TV studio with a gun loaded with blanks and a dummy grenade, police and witnesses said. There were no casualties in the incident, and the TV ...
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Cosco Set to Boost Asia-South America Rates
will hike rates for all shipments, including refrigerated cargo, in its trade from the Far East to South America's east coast, starting June 14.The increase will be $500 per 20-foot container and $1,000 per 40-foot and 40-foot high-cube container, the carrier ...
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Hapag-Lloyd Plans Asia-Mideast Rate Hike
plans to boost rates for all cargo and container types on its trade from East Asia, excluding Japan, to the Persian Gulf, effective June 1.The hike will be $300 per 20-foot-equivalent unit.The German ...
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UPDATE 3-Syria government supporters hack Financial Times
Fri May 17, 2013 4:53pm EDT * Headlines sabotaged, link posted to execution video * Latest in series of hacker attacks on news media By Jim Finkle and Jennifer Saba May 17 (Reuters) - The Financial Times' website and Twitter feeds were hacked on Friday, renewing questions about whether the popular social media service has done enough to tighten security as cyber-attacks on the news media ...
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EU to fine Indian Chinese airlines over emissionsThe carriers are accused of not providing emissions data as required by the European rules and not participating in a permit system that entitles airlines to emit greenhouse gases in European airspace.
European Union for refusing to comply with rules aimed at regulating greenhouse emissions. The carriers are accused of not providing emissions data, as required by the European rules, and not participating in a permit system that entitles airlines to emit greenhouse gases in European airspace. The volumes of carbon dioxide that the European Commission said the 10 carriers emitted through their ...
Nepal Focus
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Nepal reaches out for help to save tiger population
Nepal’s tigers, along with tigers across the Asian region, are being killed off by poachers and human encroachment on their habitats, with an extinction crisis mounting, the government has appealed to the international community for help.
The tiger, there is arguably no land animal so beautiful and majestic as this magnificent member of the Felidae family. These creatures have invaded the human imagination for centuries and are the national animals of India, Nepal, Bangladesh, Malaysia, as well as North and South Korea. Read more
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