Archive for August 11th, 2012
Asia Roundup: Selling pressure
Asian markets mostly fell yesterday Friday August 10 as weak Chinese trade data reinforced concerns of a slowdown in the world’s number two economy, while profit-taking [...]
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Cambodian prince quits politics for second time
Cambodian Prince Norodom Ranariddh on Friday announced that he was quitting politics for a second time after he was perceived as an obstacle to a merger between royalist [...]
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N Korea pushing for economic reform: Analysts
North Korea’s new leadership is apparently pushing for reforms in a bid to revive its crumbling state-directed economy, analysts and a South Korean official said [...]
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China ‘willing to work with Indonesia’ on maritime row
China’s foreign minister said Friday his country was willing to work with Indonesia as an informal mediator to “maintain peace and stability” in the South [...]
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Japan lawmakers vote to double sales tax
A bill to double Japan’s sales tax and partially plug its gaping debt hole cleared the final parliamentary hurdle Friday in a triumph for the prime minister that could [...]
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HK’s economy shrinks in 2nd quarter: Official
Hong Kong’s economy shrank 0.1 percent in the second quarter due to weak exports amid slowing growth in the global economy, the government said Friday. The contraction [...]
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China exports, imports slow in July
China’s exports and imports slowed for the second consecutive month in July, official data showed Friday, highlighting worsening conditions in the world’s [...]
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Crime fears go viral in Malaysia
The fear of crime is soaring in Malaysia as personal tales of abduction, assault and robbery go viral online, upping pressure on authorities to respond and triggering [...]
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Korea’s Lee visits disputed islands, Japan recalls envoy
South Korean President Lee Myung-Bak paid a surprise visit Friday to islands at the centre of a decades-long territorial dispute with Japan, which recalled its ambassador [...]
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First Asian bank mulls British exit from the EU
So we have a new term: BRIXIT. Japan’s biggest bank Nomura has issued an 11-page study evaluating the likelihood that the UK will leave the European Union entirely or [...]
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StanChart is a reminder of banking’s insatiable greed
Is Standard Chartered a rogue institution that conspired with the government of Iran and hid from regulators $250bn-worth of transactions for reasons of pure greed, as the [...]
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Asian central banks resolve to wait
Central banks around Asia left their monetary policies unchanged, in line with market expectations, as economic conditions remain steady despite weakness in key export [...]
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HK media office attacked
The office of a news publication in Hong Kong was attacked by four masked men Wednesday, sending shockwaves through the city’s traditionally free-wheeling journalism [...]
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HK police body cameras spark fears
In a first for Asia, Hong Kong police said Thursday they will trial the use of video cameras attached to their uniforms to film exchanges with the public, despite concerns [...]
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HK tests babies over Japanese milk formula
Hong Kong said Thursday it will test babies who have consumed Japanese-made infant formulas found to have insufficient levels of iodine, after the products were ordered off [...]
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