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Asian Stocks End Mixed Ahead Of Fed Statement
Asian stocks turned in a mixed performance on Tuesday, with investor attention solely focused on Fed chairman Ben Bernanke's Congressional testimony to Congress and the release of the Fed's May minutes due this Wednesday for cues on the outlook for interest rates. The U.S. dollar edged higher after weakening against major currencies the day before following Moody's report warning ...
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SE Asia Stocks-Mixed ahead of Fed Thai realty up on low rate outlook
BANGKOK, May 21 (Reuters) - Thai stocks ended flat on Tuesday as property shares outperformed amid a low interest rate outlook, with sentiment broadly weak in line with Asia ahead of U.S. Federal Reserve head Ben Bernanke's testimony on Wednesday. Bangkok's SET index closed at 1,643.43, still hovering at its highest in 19 years and four months. The Thai property sub-index gained 0.2 ...
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Philippines boosts military to resist bullies
Philippine President Benigno Aquino on Tuesday announced a US$1.8-billion military upgrade to help defend his country's maritime territory against "bullies", amid an ever-worsening dispute with ...
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Industry body launches campaign to focus on mental disorders
MUMBAI: The Geneva-based International Federation of Pharmaceutical Manufacturers and Associations (IFPMA) launched on Tuesday the 'Do You Mind?' campaign to focus attention and to prompt action on mental and neurological disorders (MNDs). The campaign launch takes place at the start of ...
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New Pakistan govt may consider importing electricity from India
ISLAMABAD: Pakistan's new government will seriously consider importing 1,000 MW of electricity from India as part of a short to medium-term strategy to end power outages, according to a media report today. ...
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India leads Asian cuts in Iran oil imports ahead of waiver review
Tue May 21, 2013 6:12am EDT * India cuts Iranian crude imports 17 pct Dec-April vs previous 6 months * China may reduce Iranian imports 5-10 percent in 2013 * U.S. due to review Asia's waiver extensions on Iran sanctions 3rd time By Nidhi Verma and Meeyoung Cho NEW DELHI/SEOUL, May 21 (Reuters) - India has slashed Iranian oil imports by almost a fifth since December, the sharpest cut among ...
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Afghanistan Surge in Women Jailed for ‘Moral Crimes’
Four years after the adoption of a law on violence against women and twelve years after Taliban rule, women are still imprisoned for being victims of forced marriage, domestic violence, and rape. The Afghan government needs to get tough on abusers of women, and stop blaming women who are crime ...
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S. Korea to write off debts for joint sureties of 1997 Asian crisis
South Korea's financial regulator said Tuesday that it will write off debts held by joint sureties during the 1997 Asian foreign exchange crisis as part of efforts to help the sureties escape from financial difficulties coming from other parties' debts.As much as 70 percent of debt principals coming from the joint surety contract will be written off in accordance with the debt- ...
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Myanmar jails 7 for up to 28 years for riots
Myanmar on Tuesday sentenced seven people to prison terms ranging from two to 28 years in connection with religious violence in March that left dozens of people dead, a justice official ...
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ASIA CREDIT CLOSE Spreads steady Citic shines after tap
Tue May 21, 2013 5:09am EDT HONG KONG, May 21 (IFR) - Asian credit spreads were largely steady as primary issuance took a break with the next batch of issuers still in the process of completing roadshows. Citic Pacific's new NC5.5 year perp continued to perform well in the secondary market and was trading around 101 after it was tapped for an additional USD200m yesterday, following a USD800m ...
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Saudi Arabia executes crucifies 5 Yemenis for murder SPA
Saudi Arabia on Tuesday executed and crucified five Yemenis convicted of murder and forming a gang which carried out robberies across several towns in the conservative Muslim kingdom, the interior ministry said. The five were executed in the southwestern town Jizan, it said, quoted by state news agency SPA, bringing the number of executions in Saudi Arabia this year to 46, according to an AFP ...
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Iconic publication designer Roger Black joins Edipresse Asia
HONG KONG, May 21, 2013 /PRNewswire/ -- One of the best known publication designers in the past 40 years is moving to Hong Kong to head design in Asia for ...
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Asia Markets Hong Kong Sydney stocks fall Tokyo ends up
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 ...
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Official Roadside bomb kills 6 policemen in western Afghanistan
KABUL - A powerful roadside bomb killed six policemen in western Afghanistan on Tuesday when their vehicle hit the explosives buried in the road, an Afghan official said. Insurgents often use makeshift land mines to target both Afghan government officials and international forces in Afghanistan. The explosives often kill civilians as well, accounting for a large percentage of Afghan civilian ...
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Credit Suisse is the No. 2 in Asia prime brokers
Goldman Sachs remains Asia's top prime broker with 179 clients and total assets under management of $24.6 billion. Credit Suisse overtook Morgan Stanley by adding 14 new clients and $2.4 billion in assets over the last year, a first for any prime broker in Asia, the survey ...
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Wave of attacks kills at least 95 in IraqThe bloodshed is still far shy of the pace scale and brutality of the dark days of 2006-2007 when Sunni and Shiite militias carried out retaliatory attacks against each other in a cycle of violence that left the
BAGHDAD: A wave of attacks killed at least 95 people in Shiite and Sunni areas of Iraq today, officials said, pushing the death toll over the past week to more than 240 and extending one of the most sustained bouts of sectarian violence the country has seen in years. The bloodshed is still far shy of the pace, scale and brutality of the dark days of 2006-2007, when Sunni and Shiite militias ...
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Owner Chinese boats captain beaten by NKoreans
BEIJING (AP) -- The owner of a Chinese fishing boat seized for more than two weeks by armed North Koreans says the captors wore military uniforms, and that they beat up the boat's captain and stole its ...
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Chinas Li seeks stronger economic ties with India
Chinese Premier Li Keqiang waves at the media in front of Indian Prime Minister Manmohan Singh during his ceremonial reception at the Indian President's palace in New Delhi, India, Monday, May 20, 2013. Li said Monday he chose India for his first foreign visit because cooperation between the world's two most populous nations is crucial to world stability and economic growth. He was ...
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Political parties aim for a greener Asia
The International Conference of Asian Political Parties (ICAPP) Special Conference will provide a platform for Asian countries to explore ways for more sustainable development in the region, said Shen Beili, an official with the International Department of the Communist Party of China (CPC), today in ...
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Death toll in Turkish balloon crash reaches 3
ANKARA, Turkey: Officials say another Brazilian tourist has died of wounds sustained after a hot air balloon crashed to the ground, raising the number of tourists killed to 3. The balloon collided with another balloon mid-air and crashed during a sightseeing tour of volcanic rock formations in Turkey's Cappadocia region on Monday. The governor's office for Nevsehir province said ...
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EM ASIA FX-Taiwan dollar won lead Asia FX gains Bernanke in focus
* Taiwan dlr up on foreign investors, exporters; c.bank caps * Won up on offshore funds, exporters; intervention suspected * Baht firm on inflows, short-covering; rate cut views limit (Adds text, updates prices) By Jongwoo Cheon SEOUL, May 21 (Reuters) - The Taiwan dollar and the South Korean won led gains among emerging Asian currencies on Tuesday, as investors ...
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Bangladeshi South Korean climbers die on Everest
KATHMANDU (AFP) - A climber from Bangladesh and another from South Korea have died on Mount Everest as hundreds flock to the world's highest peak during good weather, Nepalese tourism officials said Tuesday."Both men died while descending from the summit on Monday," an official with the tourism ministry told AFP from Everest Base Camp.Sung Ho-Seo, 34, of South Korea was attempting ...
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Asia shares mixed ahead of Bernanke testimony
Asian shares were mixed on Tuesday after a dip on Wall Street ahead of testimony from the US Federal Reserve chief and a policy meeting of the Japanese central bank. The dollar turned higher against the yen in Asia as investors waited for Fed chairman Ben Bernanke's testimony on the US economic outlook to Congress on Wednesday. Tokyo stocks rose 0.13 percent or 20.21 points to 15,381.02, ...
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Asia Naphtha-S Korea YNCC seeks vols for 1-year period
SINGAPORE, May 21 (Reuters) - South Korea's YNCC is seeking naphtha for a one-year period starting July 2013 and ending June 2014, traders said on Tuesday. Traders had said on Monday South Korea's top ethylene maker Lotte Chemical's unit Titan, based in Malaysia, was seeking up to 130,000 tonnes, also for July 2013 to June 2014 arrival at Pasir Gudang. It was not clear how ...
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Burberry profit rises 14 percent on Asia retail growth
LONDON (Reuters) - British luxury group Burberry said full-year pretax profit rose a better-than-expected 14 percent on strong retail growth in Asian markets, where it is increasing numbers of Burberry branded stores. Burberry, known for its ...
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