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Asia

Killer Asia floods swallow children who can’t swim

BANGKOK, Thailand (AP) — It took only a second for the murky floodwaters swamping parts of Asia to swallow Nguyen Phuoc Hien’s baby. His 3-year-old daughter had been playing happily while her aunt studied, but somehow, the girl slipped quietly outside the family home deep in Vietnam’s southern Mekong Delta.
When Hien’s [...]

Asia stocks rebound ahead of US earnings

BANGKOK (AP) — Asian stock markets overcame early losses to mostly gain Wednesday as investors hoped for good news from the slew of corporate earnings reports due soon in the U.S.
Oil prices fell to near $85 a barrel while the dollar was stronger against the euro and the yen.
Asian stocks initially slipped after Slovakia, one [...]

HSBC sees Asia trade doubling to $14 trillion by 2025

HONG KONG (Reuters) – Asia’s trade volume will almost double by 2025 and will be the key driver of world trade growth despite current global economic headwinds, HSBC said in a report on Tuesday.
Asia’s trade volume will grow 96 percent to nearly $14 trillion by 2025, recording annual year-on-year growth of 4.8 percent versus [...]

AP Enterprise: Global Islamic group rising in Asia

JAKARTA, Indonesia (AP) — The chanting crowd at the radical Muslim protest in Indonesia stood out for its normalcy: smartly dressed businessmen, engineers, lawyers, smiling mothers, scampering children.
At a time when al-Qaida seems to be faltering, the recruitment of such an educated, somewhat mainstream following is raising fears that Hizbut Tahrir, an enigmatic global movement, could prove more [...]

Asia stocks drop amid recession fears, debt crisis

BANGKOK (AP) — Asian stock markets fell Monday as investors grew increasingly convinced that Greece would default on its debts, an event that economists say has the potential to spark a global downturn.
Oil prices hovered below $80 per barrel while the dollar strengthened against the euro but was lower against the yen.
Japan’s Nikkei 225 index [...]

Read More » No commentSeptember 26, 2011

Asia Extends Slide

Asian stocks ended mostly lower in choppy trade Friday, extending losses amid a global market rout, but some markets came off lows as a Group of 20 nations statement gave a slight boost to sentiment.
“This type of move was inevitable. Traders are now facing up to fact that central banks could be coming to the [...]

Read More » No commentSeptember 24, 2011

No time for complacency

Investors agree that Asia’s the place to be, but they still must play it smart.
The world is facing a big economic storm. The US and Europe are saddled with massive debt burdens, and many observers believe their economies will struggle to grow for years to come.
In contrast, Asia has a positive outlook as its [...]

Olympics: Olympic joy at last for Pyeongchang and Asia

Pyeongchang finally achieved their dream of hosting the Winter Olympics when they were awarded the 2018 edition at their third attempt.
The South Korean candidate did it in style too as they needed just one round of voting by the 95 International Olympic Committee (IOC) members eligible to vote to secure [...]

Stock markets across Asia fall sharply

TOKYO – Asian shares fell sharply Tuesday, battered by ongoing unrest in the Middle East, an earthquake in New Zealand and a downgrade of Japan’s credit rating outlook.
Oil prices, meanwhile, soared to near $93 a barrel Tuesday in Asia as Libyan leader Moammar Gadhafi struggled to keep power of the OPEC nation amid violent protests.
The [...]

Read More » No commentFebruary 22, 2011

Somali pirates heading to Asia: US

WASHINGTON (AFP) – A US military commander warned Thursday that Somali pirates were skirting pressure by moving deeper into Asian waters and said the only solution was to restore stability in the African nation.
Admiral Robert Willard, head of the 300,000-troop Pacific Command, voiced exasperation at years of naval efforts to stem the flow of pirates [...]

Read More » No commentFebruary 18, 2011