Latest Asia Pacific News
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Sell-off-plan hedge fund increases its stake in Japans Sony report
TOKYO -- The hedge fund that has called on Sony to list part of its profitable entertainment arm has boosted its stake in the company, a report said Tuesday, days ahead of a shareholders' ...
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Chinas Huawei to launch new smartphone for high-end market
SHANGHAI -- Chinese telecoms giant Huawei will launch a new smartphone on Tuesday to better compete with high-end rivals like Apple and Samsung overseas, a company official ...
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Guillermo del Toro calls Pacific Rim a family movie
is a summer spectacle that sets out to be different from other movies of its kind. The Mexican-born filmmaker says he thinks of it as a family movie, since he deliberately tried to create the kind of story that would have won him over at age 12. Set for release July ...
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Ex-Communist Party of China official executed for child rapes state media reports
The case of Li Xingpong, the former deputy Communist Party chief of Yongcheng city, caused an uproar online after police said he had raped 11 girls, all under age 18, since the latter half of 2011. Abuse of power by Communist Party officials has long been a central cause of online activists, and Li's case was seen by some as emblematic of the problem. In response, the government has ...
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Aerocar Worlds first flying car up for grabs for $1 million
IndiGo ruled the Indian skies in May, flying almost a third (29.5%) of domestic passengers, while Jet and JetLite together were at No 2, flying 22.5% of the total ...
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Spain-Tahiti Preview La Roja seeking big win over Pacific islanders
Spain are expected to make wholesale changes to the team that beat Uruguay 2-1 on Sunday, with Victor Valdes, Fernando Torres and David Villa all in line for starts.Defender Cesar Azpilicueta could win his third cap for the senior side, while the likes of David Silva and Jesus Navas are also set to make their first appearances of the tournament.Tahiti have no new injury concerns after Nicolas ...
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Japan to maintain spending at FY2013 level-Nikkei
June 19 | Wed Jun 19, 2013 3:00pm EDT June 19 (Reuters) - Japan plans to cap spending, excluding debt payments, at the current level of about 70 trillion yen ($736.80 billion) for the next two fiscal years as part of efforts by Prime Minister Shinzo Abe to improve fiscal health, the Nikkei reported. Ministries and agencies will be asked to tighten their belts to curb any rise in social ...
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Skeptics on China might be right but timing is a hurdle too
Take a banking system that is opaque at best. Add a global financial community well-versed in signs of stress following the 2008 meltdown in the West - and one that is on the lookout for them. Thus each twitch in a system - say, the spike in China's interbank rates - is a fresh fill-in-the-blank opportunity for China Cassandras to press their favourite theory of ...
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Anti-Pervert Tights Become Internet Sensation in China
These days, girls in China can keep perverts away by wearing "full-leg-of-hair stockings" in public. At least that's what an advertisement says on Sina Weibo, China’s version of Twitter. When a girl dons a pair of these tights, her legs look as hairy as a man's – or hairier. Netizens passed around images of these furry stockings, which became one of the most ...
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NK offers fresh nuke talks
A Chinese armed police officer salutes a car carrying North Korean officials as they return from China's Foreign Ministry after talks in Beijing Wednesday. China is holding talks with North Korea this week amid ongoing tensions on the Korean peninsula over the North's nuclear program. Chinese Vice Foreign Minister Zhang Yesui met North Korean First Vice Foreign Minister Kim Kye-gwan ...
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Chinas Hunger For Pork Will Impact The U.S. Meat Industry
Smithfield Foods Inc., the world's largest pork producer by sales volume, has agreed to be acquired by Shuanghui International Holdings, a privately owned meat processing company headquartered in China, for $7.1 billion including debt, valuing the company's equity at $34 per share. Although the deal still needs to receive shareholder and regulatory approvals, we believe it can have a ...
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UN chief hails Chinas peacekeepers
The courage and solidarity of Chinese troops on UN peacekeeping missions around the world has been praised by the organization's chief. UN Secretary-General Ban Ki-moon arrived in Beijing on Wednesday for his sixth visit to China. He said xie xie -- thank you in Chinese -- many times at the peacekeeping center of the Ministry of National Defense, noting that China has made great ...
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British and Irish Lions 2013 George North passes fitness test to provide huge boost ahead of first clash against Australia
The Lions have received a massive confidence boost following yesterday's loss to the Brumbies with the news that George North will be fit for the opening Test against Australia on ...
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Paul B. Farrell New China billionaires blowing massive bubbles
Billionaires have mastered this rule passed down from the great Chinese Buddhist masters: To be truly happy, they focus on money, block everything outside that Eternal Now, at least till you become a billionaire and can sign ...
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U.S. Presses Taliban on Qatar Office in Bid to Save Talks
KABUL, Afghanistan ...
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China Vietnam agree to set up hotline to resolve fishing incidents in South China Sea
BEIJING, China - China and Vietnam agreed on Wednesday to set up a hotline to resolve fishing incidents in disputed South China Sea waters that have been a frequent source of tensions between the two ideological allies. The two countries' agriculture ministers signed the agreement in Beijing. No details were immediately available. China claims virtually the entire South China Sea and its ...
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Why China hates its mens national soccer team
Referee Chris Beath shows a yellow card to China's Zhang Linpeng, right, during a friendly soccer match between China and Netherlands held at the Worker's Stadium in Beijing, China, Tuesday, June 11, 2013. Netherlands won 2-0. (Alexander Yuan, Associated Press) How much does soccer-loving China hate its men's national team? The mostly empty hotel lobby that greeted the team on ...
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Kuwaits trade surplus with Japan widens for 1st time in 3 months
WAM TOKYO, June 19, 2013 (WAM) -- Kuwait's trade surplus with Japan jumped 26.4 percent in May to JPY 107.7 billion (USD 1.1 billion) from a year earlier, expanding for the first time since February. Kuwait maintained black ink with Japan for the 64th consecutive month, Kuwait News Agency, KUNA, quoted the Finance Ministry as saying on Wednesday. Kuwait's overall exports to Japan ...
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Protesters out again in Brazilian cities
SAO PAULO (AP) -- Scattered street demonstrations popped up around Brazil Wednesday as protesters continued their collective cry against the low-quality public services they receive in exchange for high taxes and rising ...
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Myanmar president vows to free political prisoners
Myanmar President U Thein Sein vowed on Tuesday to convince those opposing and suspecting the democratic reform. In his monthly radio speech to the nation, U Thein Sein said he never wants to see politicians in prison, assuring that such remaining political prisoners will be released soon and that he will never use political prisoners as political tools. He underlined that the seven-point ...
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US allies plot next steps on North Korea
WASHINGTON (AFP) - The United States and its allies South Korea and Japan met Wednesday to plot their next steps on North Korea, amid a flurry of diplomacy as tensions gradually ease with the communist state.Glyn Davies, the US special representative on North Korea policy, met his counterparts from Japan and South Korea on what the State Department called "our common interest in ensuring ...
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At start of visit to China UN chief highlights partnership for peace stability
Secretary-General Ban Ki-moon discussed a range topics central to the agenda of the United Nations regarding peace and security, human rights and development, as well as the situation in Syria and the Korean peninsula. In talks with President Xi Jinping, Mr. ...
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More must be done to prepare pacific small islands for droughts UN official warns
19 June 2013 – With thousands of people in the Marshall Islands without access to safe drinking water, the head of the United Nations office for disaster risk reduction today warned that Pacific small islands are threatened by drought and need to incorporate mitigation measures into their national planning and risk assessments. ';The worsening situation in the Republic of the ...
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Gyula Horn former Hungarian prime minister dies
BUDAPEST, Hungary -; Gyula Horn, a former Hungarian prime minister who played a key role in opening the Iron Curtain, has died at the age of ...
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Drewry Trans-Pacific Rate Holds at $1957
Drewry's Hong Kong-Los Angeles Container Rate Benchmark remained at $1,957 for a third week in the week of June 19, according to the latest release of the Drewry Hong Kong-Los Angeles Container Rate Benchmark. This comes less than two weeks ahead of the July 1 general rate ...
China Digest
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Chinese shipping industry is not the only one causing environmental incidents
The recent highly publicized grounding of a Chinese bulk carrier on the Great Barrier Reef in Australia attracted the scrutiny of the world on the Chinese shipping industry with some commentators saying that the accident was indicative of a dysfunctional health and safety record throughout the industry in China.
China’s shipping industry is primarily made up of the state-owned and run COSCO (China Ocean Shipping Company), and it is this company to whom the Shen Neng 1 belongs. The Shen Neng 1 is not the only COSCO ship to be involved in a notable maritime accident. Read more
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