Latest Asia Pacific News
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In China No Monetary Stimulus Weakening Economy
Down it goes Investors have learned two things since 2008; don't fight the Fed is one of them. The other is to invest in stimulus. Big stimulus. None of this tax break stuff to one or two sectors. We are talking bazillions thrown at the entire economy coupled with market friendly monetary policy. China has done nothing of the sort since 2010. And as a result, the market has shunned ...
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Chinas Favorite U.S. States In 2012
Who would have known it? China is buying Made in the U.S.A. Many sectors and states from across the country are selling more to China these days. In fact, between 2003 and 2012 total exports to China rose 294%, an increase of nearly $81 billion. Forty-two states have achieved triple-digit export growth to China since 2003, and four states experienced quadruple-digit growth over the same period ...
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HSBC China’s net profit up 8.6 in 2012
/enpproperty--> HSBC Bank (China)'s net profit increased 8.6 percent year-on-year in 2012 to 4.48 billion yuan ($723.57 million), according to the lender's financial report released on Wednesday. By the end of 2012, the total value of loans of HSBC Bank (China) reached 131.9 billion yuan, up 18.6 percent year-on-year, while the total value of deposits was at 182.3 billion yuan, up ...
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DPRK willing to accept Chinas advice
/enpproperty--> BEIJING - The Democratic People's Republic of Korea (DPRK) has agreed to accept China's advice by participating in dialogue with relevant parties, after senior Chinese leader Liu Yunshan met with a DPRK special envoy. Liu, a member of the Standing Committee of the Political Bureau of the Chinese Communist Party (CPC) Central Committee, met in the Great Hall of the ...
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Willing to take Chinas advice to start talks North Korea says
BEIJING: North Korea is willing to take China's advice and enter into talks, Chinese state television cited an envoy of North Korean leader Kim Jong-un as saying, following weeks of tension on the Korean peninsula after the North's latest nuclear test. However, that prospect seems unlikely as North Korea has repeatedly said it will not abandon nuclear weapons while the United States ...
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Global markets fall on news from Fed China PMI
USA The Japanese Nikkei lost 7.3 percent on Thursday, the worst loss in over two years, after China released unexpectedly weak Flash PMI accompanied by hints that the US Federal Reserve could shut down its stimulus program in ...
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Japan stocks plunge 7
A global rally in stocks came to an abrupt halt Thursday as a 7% plunge on Japan's Nikkei index unnerved investors in Europe and set the tone for a weak opening on Wall ...
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U.K. tells China India Were open for business
David Cameron FORTUNE -- U.K. Prime Minister David Cameron says he's "not embarrassed" that foreign companies are investing in and acquiring British brands; indeed, he thinks Britain's open door policy makes it a good place for businesses to operate. "I said to the Chinese Investment Corporation the other day, 'I'm not embarrassed you own 10% of our biggest ...
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NewsWatch Japan minister Not worried about day’s stock drop
Japan's economy minister says the government is not worried about a sharp decline in share prices earlier in the day, as the move represented large-scale profit taking orders triggered by weak Chinese ...
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The Big news overnight came from China
Good day. And a Tub Thumpin' Thursday to you! What the heck was I thinking, was running through my mind when the alarm went off this morning. In an attempt to relieve Chris from having to write the Pfennig this morning, I told him not to worry about it, I would write it.. All the time knowing that my flight from Houston wasn't getting in until very, very late.. And that was before all ...
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Square Opens Up in Japan Its First Expansion Outside of North America
Square is available in Japan with the support and partnership of Sumitomo Mitsui Card Corporation (SMCC). Responsible for introducing Visa to Japan, SMCC is widely recognized and respected for its ability to provide a wide range of solutions, including a comprehensive and highly secure credit card and payment ...
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Japans Nikkei stock index dives 7.3 percent
LONDON Financial markets around the world were roiled Thursday after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years ago. Several reasons have been blamed for the 7.3 percent fall in the Nikkei index to 14,483.98, including a spike in Japanese government bond yields and unexpectedly weak Chinese manufacturing figures. Mixed ...
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US report warns on Chinas massive IP theft
WASHINGTON: The "unprecedented" theft of American intellectual property (IP) is costing the nation a whopping % 300 billion annually and the main culprit is China, according to a study which recommended sanctions as tough as those used to combat terrorism and drug trafficking. "The scale of international theft of American intellectual property is unprecedented -- hundreds of ...
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PRECIOUS-Gold up as dollar shares slide after China Europe data
* U.S. dollar falls 0.5 percent vs basket of currencies * China PMI shrinks for first time in 7 months * U.S. weekly jobless claims at 1230 GMT eyed (Updates prices) By Clara Denina LONDON, May 23 (Reuters) - Gold bounced back on Thursday from the previous session's losses as the dollar fell sharply and European shares dropped after weak economic data in China and Europe. A euro ...
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French lawmakers okay plan for more English at universities
PARIS: France's lower house on Thursday approved a plan to introduce more courses in English at universities despite critics alleging it will undermine efforts to promote French. A majority of lawmakers in ...
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COMMODITIES-Metals oil bruised by China PMI gold bounces
Thu May 23, 2013 9:18am EDT * Copper falls as much as 3 pct, oil down for third day * Gold bounces, grains shake off weakness on strong demand * China PMI shrinks for first time in 7 months-HSBC * Euro zone PMI signals economy to shrink in Q2 (Adds details, quotes; updates prices) By Eric Onstad and Manolo Serapio Jr LONDON/SINGAPORE, May 23 (Reuters) - Copper slid 3 percent and oil dropped ...
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US STOCKS-Wall St to drop at open on stimulus plan worry China data
Thu May 23, 2013 9:12am EDT * HP jumps after raising 2013 outlook * China manufacturing data shows contraction * Futures off: Dow 128 pts, S&P 15.8 pts, Nasdaq 22.5 pts By Chuck Mikolajczak NEW YORK, May 23 (Reuters) - U.S. stocks were set for a lower open on Thursday, with the S&P 500 on track for its first back-to-back daily drop in a month, amid investor concerns the U.S. Federal ...
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Global Stocks Slip on Signs of Economic Stress in China and Japan
HONG KONG ...
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Terror Attack in London
A police officer carries an evidence bag containing a knife near the scene of the killing of a British soldier in Woolwich, London, May 23, ...
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China survive Indonesia scare in Sudirman Cup
KUALA LUMPUR (AFP) - Defending champions China had to dig deep to avoid a surprise defeat to Indonesia, winning 3-2 on Thursday in the quarter-finals of the Sudirman Cup.Two days after whipping their arch rivals 5-0 in a group match, China, who have not lost a tie since falling 2-3 to South Korea in the 2003 final, were stunned by a determined and gallant Indonesian outfit.But Chinese supremo Li ...
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METALS-Copper falls after China factory data hits recovery hopes
Thu May 23, 2013 8:47am EDT * HSBC China flash PMI falls to seven-month low of 49.6 * Worries of early end to bond buying also hurt sentiment By Eric Onstad and Rosalba O'Brien LONDON, May 23 (Reuters) - Copper reversed the week's gains, sliding as much as 3 percent on Thursday after a survey showed factory activity in top metals consumer China shrank for the first time in seven ...
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Boeing gets 787 clearance in China
Boeing's 787 has been cleared for use in China. Airlines in China have been cleared to begin using Boeing Co. 787s for commercial service. The Wall Street Journal reports China's aviation regulator cleared the plane on Thursday. Chinese airlines have ordered a total of 35 of the Boeing (NYSE: BA) 787, including 10 each for Hainan Airlines Co. and rival China Southern Airlines ...
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ROK president to visit China spokesman
Republic of Korea (ROK) president Park Geun-Hye will pay a state visit to China in late June at the invitation of her Chinese counterpart Xi Jinping, a Foreign Ministry spokesman said at a Thursday press briefing.Since Park took office, the two heads of state have maintained communication and exchanges through multiple channels, Hong said."We believe that President Park Geun-Hye's ...
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Chinas 13th escort fleet returns from Somali waters
The 13th naval escort squad sent by the Chinese People's Liberation Army Navy to Somali waters has returned home after successfully completing its mission.The fleet, including the frigates Huangshan and Hengyang as well as the supply ship Qinghaihu, arrived at a port in Zhanjiang, a city in south China's Guangdong Province, on Thursday morning.During the 196-day mission in the Gulf of ...
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Microsoft boosts Japan Azure offering adds data centers
IDG News Service - Microsoft will boost its Azure cloud offering in Japan, adding two domestic data centers to speed response times and improve reliability in the face of natural disasters. The software giant said Thursday that it would add cloud-based hosting services in two regions, one near Tokyo and one in the Kansai region further south. Redundancy is a priority in earthquake-prone Japan, ...
North Korea Digest
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North Korea's navy integral to sea border security
The North Korean Navy is an integral part of the country’s armed forces and the 46,000 men and woman that man it are the part of the defense force most often in international and North Korean news media.
The North Korean Navy is part of the Korean People’s Army Naval Force and makes up the country’s maritime defense capability. Because the navy is primarily concerned with defense, it operates as a ‘green water’ rather than a ‘blue water’ navy, which means it is capable of carrying out missions and activities offshore but not at extended ranges such as the Chinese Navy, which is much larger and includes air craft carriers, battle ships and destroyers. Read more
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