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FDI into China rises in Jan-May govt
BEIJING (AFP) - Foreign direct investment (FDI) into China rose during the first five months of this year, the government announced Tuesday, paced by strong increases from the European Union and the United States.Incoming FDI, which excludes financial sectors, rose 1.0 percent to $47.6 billion from January through May, the Commerce Ministry announced. It was also up 0.3 percent in May to $9.26 ...
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US seizes 14 7-Eleven stores in immigration raids
Graphics depicting the locations of 7-Eleven stores involved in a federal indictment are shown after a news conference at the US Attorney's office. (AP ...
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Pakistans Punjab government allocates mlns of rupees for JuD centre
Jamaat-ud-Dawah , considered a front for the banned Lashkar-e-Taiba. Besides a grant-in-aid of over Rs 61 million for the JuD centre known as 'Markaz-e-Taiba', the provincial government has allocated Rs 350 million for setting up a 'Knowledge Park' at the centre and other development initiatives. Details of the allocations were presented in budget documents tabled in the ...
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India develops guided bombs for its Air Force
In a bid to beef up its air combat capability, India is developing guided bombs for its fighter jets, which are likely to be ready for deployment by the end of next year, a top defense official has said. "We are developing 'glide bombs' which can be directed towards their intended targets using guidance mechanisms after being dropped from aircraft of the Indian Air Force," ...
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DPRK criticizes S. Korea for aborted inter-Korean talks
The Democratic People's Republic of Korea (DPRK) on Thursday criticized South Korea for the aborted plans to hold high-level talks between the two sides, indicating it would not seek dialogue for the time being. South Korea and the DPRK agreed on Monday on working-level talks in the border village of Panmunjom to hold their first high-level talks in six years, but the talks were called off ...
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Mosque orphanage burned in Myanmar violence
A police officer and a monk in the remote Myanmar city of Lashio have confirmed that a mob burned down a mosque, a Muslim orphanage and shops owned by Chinese in the northeastern town after rumors spread that a Muslim man had set fire to a Buddhist woman. According to the policeman and the Buddhist monk contacted by telephone Wednesday morning there were no fatalities after violence erupted the ...
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S. Korea U.S. Japan to discuss N. Korea in Singapore
U.S. Secretary of Defense Chuck Hagel will focus on the North Korea issue when he holds trilateral talks with his South Korean and Japanese counterparts in Singapore later this week, officials said Tuesday. Hagel is scheduled to fly to Singapore on Friday to attend the Shangri-La Dialogue, an annual gathering of top defense officials mainly from the U.S. and Asian nations. It would be his ...
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China North Korean situation calming down
Qi Jianguo (Photo:Agencies) A top Chinese commander has indicated that the situation on the Korean Peninsula is calming down after North Korea raised tensions by taking provocative actions, NHK reported on Sunday. The Deputy Chief of the General Staff, Lieutenant General Qi Jianguo, was answering questions after his speech at the Shangri-La Dialogue security summit in Singapore on Sunday. Qi ...
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Japan veteran wants justice for comfort women
The world has responded with outrage over Osaka Mayor Toru Hashmimoto's comments on sex slaves exploited by the Japanese army during world War II. Joining the chorus now is one Japanese who served as a medical orderly in China during the war. He recounts his experience and talks about the injusticies faced by those used as "comfort women" during the war. Masayoshi Matsumoto ...
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Philippines says to fight China over another reef
The Philippines vowed Thursday to fight China "to the last man standing", as a Chinese warship patrolled around Re'ai Reef in South China Sea. In the latest flare-up over competing claims to parts of the South China Sea, the Philippines this week denounced the "provocative and illegal presence" of the warship and a fleet of Chinese fishing vessels near Re'ai Reef. ...
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Salesman-in-chief Abe heads to Myanmar in historic visit
Japanese Prime Minister Shinzo Abe flies to Myanmar Friday bearing almost $1 billion in development aid and a plan for a nationwide electricity grid as Japan tries to grab the box seats in the country's quickening development. Abe follows in the footsteps of other world leaders who have flocked to the state since it was welcomed back to the international community after a nominally ...
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Worlds longest widest cable bridge Chinas Jiaxing-Shaoxing Sea Bridge completed
Long cross: Jiaxing-Shaoxing Sea Bridge is the world's longest and widest cable-stayed bridge, and stretches so far in the distance the end disappears in the ...
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Silent Protesters Arrested in Turkey
Turkey has seen violent anti-government protests in several cities across the country for nearly three weeks. The government said Monday it may use the army to help stop the protests, if police power is not enough. Two major Turkish trade unions held a nationwide strike Monday against the police crackdown on Gezi Park demonstrators. The unions, which together represent hundreds of thousands ...
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Obama Skeptical About Syria No-Fly Zone Potential
In a television interview broadcast late Monday, Mr. Obama said if there was a move to restrict flights by the Syrian air force, that "may not be actually solving the problem." The president also said he will "preserve every option" available to him, and that the U.S. will be involved in a "careful, calibrated way." The White House has not completely ruled out a ...
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Japan moves to boost influence in Asia
The Japanese government is engaged in its own diplomatic offensive to cement relationships with countries in Asia, in line with the Obama administration's efforts to undermine Chinese influence in the region. At the end of May, Prime Minister Shinzo Abe visited Burma (Myanmar) before hosting India Prime Minister Manmohan Singh in Tokyo. In Burma, Abe met with President Thein Sein and ...
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Australia Apartment residents raise fire safety concerns with SEP campaigners
Residents of a major apartment complex in inner Brisbane, where fire gutted eight apartments on June 9, spoke to Socialist Equality Party (SEP) campaigners last week about the harrowing events of that day and the lack of essential fire safety facilities in the building where the blaze ...
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China May Home Prices Jump
China's house prices rose at the fastest pace this year in May from a year earlier, though the pace of gains eased from the previous month, highlighting the dilemma facing the central bank as it balances the need to support the economy against holding down housing inflation. Average new home prices in 70 major Chinese cities in May rose 6 percent from a year earlier, after a two-year high ...
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Bolton to Retire After Poor China Returns
Renowned investor, Anthony Bolton is set to retire from Fidelity next year after three decades working in the fund management industry, ending his career with what he described as "disappointing" returns for investors after his bullish views on China failed to pan out. Bolton, who managed a U.K. based special situations fund for 28 years consistently outperformed the benchmark until ...
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NSA secret data gathering transparent Obama
National Security Agency spying programs as legal in a lengthy interview, and called them transparent - even though they are authorized in secret. "It is transparent," Obama told Public Broadcasting Service's Charlie Rose in an interview broadcast late Monday. "That's why we set up the FISA court," he added, referring to the secret court set up by the Foreign ...
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I am not a spy for China insists Snowden
A TV screen shows the news of Edward Snowden, former CIA employee who leaked top-secret documents about sweeping U.S. surveillance programs, at a restaurant in Hong Kong Wednesday, June 12, 2013. Snowden has declared that the American government will not be able to cover up his revelations about its vast data-collection programme ';by jailing or murdering ...
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UPDATE 1-Chinas May coal imports fall from April on policy uncertainty
Tue Jun 18, 2013 1:09am EDT * May coal imports up 5.6 pct on year, down 3.9 pct on month * Narrowing price arbitrage for imports curbs import appetite * Traders stay on sidelines on policy uncertainty (Adds context for monthly fall in imports) SHANGHAI, June 18 (Reuters) - China's coal imports, including lignite, fell 3.9 percent in May from a month ago as worries over import policies, ...
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HK pours US$30b into China in first five months
(1 hr 3 mins ago) Foreign direct investment into China grew during the first five months of this year, the government said. There were strong increases of inflows from the European Union and United States. Incoming FDI, which excludes financial sectors, was up 1 percent to US$47.6 billion from January through May, the Commerce Ministry announced today. It was also up 0.3 percent in May to ...
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Hong Kong shares slip in weak trade cash shortage pinches China markets
Tue Jun 18, 2013 1:05am EDT * HSI -0.6 pct, H-shares -0.9 pct, CSI300 +0.3 pct * 'Big Four' China banks lackluster despite higher state stakes * Losses for China property deepen after home-price data * GCL-Poly, Shenzhou Intl tumble after share deals By Clement Tan HONG KONG, June 18 (Reuters) - Hong Kong shares slipped after two days of gains with investors selling recent outperformers ...
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China warned on cyber-hacking Obama
US President Barack Obama says China has understood his "blunt" warnings against cyber-hacking as he credited new leader Xi Jinping with accepting more global responsibility for ...
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China money rates stay high ignore small PBOC injection
* Market is worried over near-term liquidity supply * Benchmark 7-day repo rate slips but still at 6.79 pct * PBOC lets maturing bills, repos to inject money slightly * Refusal to pump money into market signals confidence By Lu Jianxin and Gabriel Wildau SHANGHAI, June 18 (Reuters) - China's short-term funding costs remained at very high levels on Tuesday as the market ignored a small cash ...
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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