BEIJING A Chinese court on Thursday set free a woman who had been jailed for three-and-a-half years for illegal ownership of guns used in a balloon-shooting game, a case that sparked anger over what many people see as the uncompromising application of the law. China strictly controls gun ownership and gun crime is rare. Zhao Chunhua was sentenced last month after police determined six of the guns […]
Najib wants three ministries to boost cooperation for growth of national commodity industry Prime Minister Datuk Seri Najib Razak speaking during the monthly gathering of the Ministry of Finance attended by civil servants from various departments under the ministry in Putrajaya, January 26, 2017. — Bernama picKUALA LUMPUR, Jan 26 — Prime Minister Datuk Seri Najib Razak wants three ministries related to smallholders and commodities to boost […]
By Muyu Xu and Ryan Woo | BEIJING BEIJING As millions in China head home to celebrate the Lunar New Year holiday with their families, 24-year-old Luoluo is busy answering messages on a mobile app from desperate men looking to hire an instant girlfriend whom they can present to mom and dad. On visits home during the holiday, which kicks off on Friday, single people are often […]
|By Matein Khalid| The election of a Manhattan property developer and (failed) casino owner as President of the United State has not been positive for most American real estate investment trusts (REIT’s). The sharp rise in US interest rates since the election and the Federal Reserve’s vigilance against inflation risk hits this classic “bond proxy” sector, with its reliance on leverage to boost investor returns. In addition, […]
Wikimedia Commons Apple has announced a joint venture with NV Energy to build a 200-megawattt solar plant in Nevada, furthering the firm’s goals to utilize only renewable energy sources in the future. The companies revealed the venture on Wednesday, which aims to provide enough power to cater for Apple’s energy needs in its Reno Technology Park data center. In the coming weeks, NV energy will file an […]
By Elaine Lies and Kwiyeon Ha | TOKYO TOKYO A Japanese hotel chain at the centre of a furore over books its president wrote denying the Nanjing Massacre in wartime China is prepared to consider removing the books from at least some hotels if it receives a formal written request to do so. Tokyo-based hotel and real estate developer APA Group came under fire last week for […]
NEW DELHI // Thousands braved inclement weather while warmly greeting the chief guest, Sheikh Mohammed bin Zayed, at the Republic Day parade in the Indian capital on Thursday. Despite wet and cold conditions, the 68th edition of the celebrations took place as scheduled in front of Sheikh Mohammed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, Indian president, Pranab Mukherjee, Indian prime […]
January 26, 2017 by: Peter Wells in Hong Kong Thursday 05.15 GMT Overview Market spirits are buoyant in Asia after the Dow Jones Industrial Average rose above 20,000 points for the first time. Hot topic The Dow Jones on Wednesday traded and closed above 20,000 points for the first time. A generally supportive earnings season has allowed Wall Street to continue its “Trump trade”, which began in […]
BEIJING China may be testing a new, long-range air-to-air missile that could take out early warning aircraft and aerial refuelling aircraft, a state-run newspaper said on Thursday, after pictures of the new missile surfaced online. President Xi Jinping is overseeing an ambitious military modernisation programme that includes stealth jets and aircraft carriers. The country has also tested anti-satellite missiles. The official China Daily said the People’s Liberation […]
NEW DELHI // Sheikh Mohammed bin Zayed on Wednesday held official talks with Narendra Modi, the prime minister of India. The leaders discussed boosting ties between the two countries as well as several regional and international issues, including terrorism and violence. Sheikh Mohammed, Crown Prince of Abu Dhabi and Deputy Supreme commander of the Armed Forces, met Mr Modi at Hyderabad House in the capital. Mr Modi […]
It is difficult to understand why Donald Trump’s campaign promise to “make America great again” resounded so deeply with so many. True, the threat of terrorism, rising inequality and job-killing digitalisation have been breeding anxiety for some time. However, on most metrics the US economy has been doing just fine and certainly better than Europe. While the median US household’s real income still stands below peak of […]
China is progressing well and stands on the same starting point as other economic powers in the quantum computing arena, but local organisations still fall behind their western counterparts in research experience. China in recent years had begun investing in quantum technology, initiating several national projects in quantum communications and computation. And it seemed likely to continue its investment in future, said Andrew Yao, a Turing Award […]
By David Brunnstrom | WASHINGTON WASHINGTON U.S. President Donald Trump on Wednesday nominated Philip Bilden, a former military intelligence officer and private equity executive with broad experience of Asia, particularly China, as the civilian head of the U.S. Navy. Trump has vowed to build up the U.S. Navy to 350 ships from the current 290, a move aides say is aimed at countering China’s rapid rise as […]
Writing today in The National, Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and Narendra Modi, India’s prime minister, pledge new and enhanced cooperation on defence, trade, investment, food security, renewable energy and space research: India and the UAE are linked by our common desire to build a resilient modern strategic partnership. This desire has become more manifest […]
Wednesday 14:35 GMT Overview Major global stock markets are rallying as the Dow Jones Industrial Average breaches 20,000 amid revived hopes for faster US growth. Benchmark sovereign bonds yields are rising, but oil and gold prices are moving lower despite a weaker dollar. Hot topic The “Trump trade” is back on and it has the Dow through 20,000 for the first time? The average, though a price-weighted […]
Jan 25, 2017 10:59 am IST Indian Prime Minister Narendra Modi tweeted Wednesday that he had a “warm” conversation with America’s new president, Donald Trump, Tuesday while the White House said the U.S. leader told Mr. Modi his country considers India a “true friend.” The pair spoke on the phone Tuesday as Mr. Trump dials around the world in the first days of his new job. He […]
By James Pomfret and Fathin Ungku | HONG KONG/SINGAPORE HONG KONG/SINGAPORE Hong Kong said on Wednesday the Singapore government would not be criminally prosecuted over a licensing breach in the Chinese-ruled city in connection with the seizure of nine armoured vehicles in November. Hong Kong authorities seized the Singapore military’s troops carriers in November, as they were on their way home from military exercises in Taiwan. After […]
Bloomberg has gone where MSCI feared to tread, becoming only the second major index provider to include China’s onshore markets in widely-followed benchmark indices in a move that could prompt rivals to follow suit. China is home to the world’s second-largest stock market and the third-largest bond markets, but its tight control of onshore activity has made its inclusion in flagship indices contentious, with many investors arguing […]
– Top selling agents from more than 39 GCC travel companies hosted from 16-19 January 25 January 2017 Dubai, UAE – This month Dubai welcomed over 50 delegates from across the GCC in two familiarization trips including travel and tourism industry VIPs and representatives. With the GCC contributing 24% of all visitors to Dubai from January – November 2016, it continues to be a key focus for […]
Jan 25, 2017 11:55 am IST India will put its military hardware on display Thursday, as the country celebrates its 68th Republic Day in New Delhi. A parade along the city’s ceremonial boulevard Raj Path, which starts at 9 a.m. India time (10.30 p.m. ET), will showcase Indian culture and the country’s achievements in the fields of science and technology. The celebrations, which mark the day the […]
Wednesday 05:05 GMT Overview Major stock markets across Asia were mostly positive, buoyed by a record high for the S&P 500 in the US and by stronger prices for base metals supporting materials stocks. Hot topic The Australian dollar was the big loser among Asian currencies, down 0.5 per cent at $0.7541 against its US counterpart after inflation data for the December quarter fell short of economists’ […]
By Tetsushi Kajimoto | TOKYO TOKYO Japan’s exports rose for the first time in 15 months in December on strong sales of electronics and car parts, a positive sign for the export-reliant economy even as U.S. protectionism threatens to hurt trade across the region and dent external demand. Ministry of Finance data showed on Wednesday that exports rose 5.4 percent year-on-year in December, compared with a 1.2 […]
Until recently, oil rich Gulf states could afford to ignore global bond markets. While developed and developing countries issued record sums of debt in the years after the financial crisis, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates used the vast oil wealth to propel themselves to affluence. The states — members of the six-country Gulf co-operation council — built skyscrapers, schools and motorways […]
BEIJING China wants dialogue with the new U.S. administration to manage disputes and promote bilateral relations, but only on the basis of respecting each other’s core interests, like the “one China” principle, China’s foreign minister said. U.S. President Donald Trump, who was inaugurated on Friday, upset Beijing before taking office by casting doubt on the “one China” principle, under which Washington acknowledges Beijing’s position of sovereignty over […]
