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Nov 21, 2011

ASIA News, Nov 21, 2011


Asian Stocks, U.S. Futures Fall on U.S. Budget Impasse as Aussie Weakens
Bloomberg
Japan 's Nikkei 225 Stock Average retreated 0.3 percent, South Korea's Kospi index slumped 1.3 percent and Taiwan's Taiex index lost 1.7 percent. A visitor walks past a logo displayed on a door at the Tokyo Stock Exchange in Tokyo. Japan 's Nikkei 225...
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Bloomberg
Asia Stocks Fall on US Budget Impasse, Weaker Economic Growth
BusinessWeek
Genting Singapore, which operates casinos, slumped 1.6 percent to S$1.515. Capitaland, which gets about 36 percent of its revenue from the city state, fell 2.3 percent to S$2.56. Singapore's economy will grow 1 percent to 3 percent in 2012, ...
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Buffett's Visit to Japan May 'Shine a Light' on Investments
Bloomberg
Olympus said this month that it concealed losses by paying inflated advisory fees, raising concern among investors about corporate governance in Asia's second-largest economy. “There are lots of opportunities in Japan,” Buffett, 81, said in Iwaki city, ...
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Bloomberg
New S Asia impossible if promises are broken
Daily Star Online
Photo: STARStaff Correspondent Expressing concern over India's initiative to construct the Tipaimukh dam, National Human Rights Commission Chairman Dr Mizanur Rahman yesterday said it was impossible to create a new South Asia when neighbours broke ...
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Asia Shares Decline on EU, US Debt Worries
CNBC.com
The Korea Composite Stock Price Index (KOSPI) Falls were led by refiners and steelmakers, with shares in S-Oil dropping 5.2 percent, and POSCO sliding 2.4 percent. While most financial shares were down, Hana Financial rallied almost 4.5 percent as it ...
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S'pore Q3 trade growth slows
Channel News Asia
SINGAPORE: The third quarter of 2011 continued to see a deceleration of trade growth, according to statistics released on Monday morning by International Enterprise (IE) Singapore. IE said Singapore's total trade grew by 5.4 per cent on-year in the ...
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CapitaMalls Asia
TODAYonline
CIMB downgrades CapitaMalls Asia to Underperform from Neutral on concerns over its capital expenditure commitments and valuations, and cuts target price to S$1.15 from S$1.17 on lower valuations for subsidiary CapitaMall Trust Management. ...
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'Inclusive Asia' necessary for stability in region: Mathai
Newstrack India
The First IISS-MEA dialogue had taken place in London on 5 February 2007. The keynote address was delivered by the leader of the MEA delegation, Ambassador Arif S. Khan, Additional Secretary (Public Diplomacy), Ministry of External Affairs. (ANI)
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Japan's Exports Fall More Than Estimated as Yen Gains, Europe Curb Demand
Bloomberg
“A sharp slowdown in demand from eurozone countries should be weakening exports from Asia, in turn leading to weakness in exports from Japan,” said Masayuki Kichikawa, chief economist at Bank of America Merrill Lynch in Tokyo. ...
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Bloomberg
China presses for FTA with S.Korea, Japan: report
AFP
Monday's report said China's Premier Wen Jiabao had pledged to speed up work on the agreement with Tokyo and Seoul during a meeting on the sidelines of last week's EastAsia Summit on the Indonesian island of Bali. "Wen proposed that joint studies by ...
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AFP
Asean gaining in strength and confidence
AsiaOne
And, while Europe and the United States are trying to cope with a sluggish economy, South-East Asia is growing with total gross domestic products at US$2tril (S$2.5 trillion). "Asean has three things going in its favour a large population of 600 ...
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AsiaOne
Singapore Stocks: City Developments, STX OSV Holdings, Wilmar
BusinessWeek
CapitaLand Ltd. (CAPL SP), Southeast Asia's biggest developer, fell 2.3 percent to S$2.56. City Developments Ltd. (CIT SP) declined 1.2 percent to S$9.98. Keppel Land Ltd. (KPLD SP) lost 0.8 percent to S$2.59. Palm-oil producers: Crude palm-oil futures ...
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Graff Diamonds to Use Planned IPO Proceeds to Add Stores in Asia
BusinessWeek
s $9.6 billion market value. Millionaires in the Asia-Pacific region outnumbered those in Europe for the first time in 2010 as gains in emerging market stocks and real estate boosted assets, according to a June report by Capgemini SA and the Merrill ...
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Aquino proposes zone of peace
Journal Online
PRESIDENT Benigno S. Aquino III has raised the Philippines' proposal for the Zone of Peace, Freedom, Friendship and Cooperation (ZoPFF/C) in the West Philippine Sea during the East Asiasummit. Thus bared Presidential Communications Development and ...
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Nifty seen opening lower on weak Asia, Reliance Industries eyed
Economic Times
Asian stock markets fell on Monday as a change of government in Spain and Singapore's warning of a growth slowdown ignites fares of worsening global outlook. Japan's Nikkei 225 index slipped 0.2 per cent to 8355.40 and Hong Kong 's Hang Seng index was ...
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Asean's Growing Integration
Asia Sentinel
If all goes as planned, by 2015 the 10 countries of the Association of Southeast Asian Nations will dramatically expand the freedom of their 600 million citizens to travel freely within each other's borders, particularly skilled workers. ...
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Li Ka-Shing Funds Cut Bank of China Holdings
Wall Street Journal
By CHESTER YUNG Asia Today: Cheung Kong Holdings Chairman Li Ka-shing trimmed his stake in Bank of China, amid similar moves by Goldman Sachs and Bank of America to sell off Chinese bank shares. Plus, China's auto market enters a new frontier: used-car ...
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Rupee nears record low; Singapore dollar hits 6-week low
Economic Times
"I think the risk/reward still favours the potential for upside in dollar/Asia," said Emmanuel Ng, FX strategist for OCBC in Singapore. "The European situation remains highly uncertain." "I think we will continue to get indications of slowing growth ...
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Facebook may IPO next month
ZDNet Asia
By Ellyne Phneah , ZDNet Asia on November 21, 2011 (4 mins ago) Rumors swirling among Facebook employees that company will IPO as soon as next month, as talks ramp up and founder Zuckerberg declares that it's "coming". Rumors among Facebook employees ...
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Harrington and Lowry hit heights
Irish Independent
By William S Callahan SHANE LOWRY and Padraig Harrington delivered performances packed with eastern promise as they tied for third in weather-hit, 54-hole tournaments at opposite ends of Asiayesterday. Harrington handed over his Iskander Johor Open ...
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U.S. Stock Index Futures Tumbles Down
Dice News
The MSCI Asia Pacific Index slumped by 1.2% today, which is set for a 5 th day of decline, which marked its longest streak since Aug. Nikkei 225 Stock Average of Japan tumbled down by 0.3% whilst its exports dropped more than forecasted. ...
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Honor Rolls for David A. Harrison, JEB Stuart, William Walton and Colonial ...
Progress Index
Lavar Brown, Ta'Asia Crutchfield, Zayhkeria Embery-Whitfield, Nichelle Evans, Camillia Fisher, Avirena Jackson, Alicia Mason, DeMarian McLaughlin, Diamon Patterson, Terrion Rollins-Thurman, Jessie Royall, Kolin Ruffin, Daryl Stith, and Quaniya Whitaker ...
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Forex - Asia Midday Highlights
FXMarketAlerts.com
India: Foreign exchange reserves fell by USD326mn to USD314.34bn for the week ended on Nov 11 due to a slump in foreign currency assets, according to local pres s. - US: Congress's special deficit-reduction committee teetered on the brink of collapse ...
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Delphi Automotive Eyes Acquisitions: FT
RTT News
(RTTNews) - Auto parts supplier Delphi Automotive Plc (DLPH: News ), which went public last week, is seeking acquisitions to increase its presence in Asia-Pacific and expand its core businesses, the company's chief executive officer Rodney O'Neal ...
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Revealed: How Obama 'signs' legislation from 1000s of miles away
The Next Web (blog)
Late last Friday, a key piece of US budget legislation was given Barack Obama's signature in Washington despite the fact that the President was thousands of miles away in Asia. A technology called autopen stepped in to fill Obama's fingers and put his ...
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The Next Web (blog)
UN - Secretary-General''s remarks to the ASEAN Southeast Asia Summit
ISRIA (registration)
As we all know, Asia has been the chief driver of global growth in recent years. It will have to bear some of the burdens of the current crisis in order to stabilize the international financial situation. As UN Secretary-General, my job is to step back ...
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Philippines - ASEAN leaders sign 'Bali Concord III'
ISRIA (registration)
President Benigno S. Aquino III joined his fellow leaders in the Association of Southeast AsianNations (Asean) in signing the “Bali Concord III” containing their commitment in playing a very important role in efforts to deal with the increasing ...
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Rupee fall may make India Inc foreign loans costlier by $5 bn
Chandigarh Tribune
CLSA, one of the top investment banks in Asia and a major foreign investor here, has said in a strong-worded report on the country that "the government's policy paralysis in the last year has added to the cyclical slowdown." — PTI The value of gold in ...
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Chandigarh Tribune
Tarlac as organic farming capital
Manila Bulletin
By MARK ANTHONY N. MANUEL TARLAC CITY, Philippines — President Benigno S. Aquino III's home province is bent on becoming the country's leader in producing quality and fresh organic vegetables both for the local and international markets as the ...
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SK plays 'bootstrap' role for underprivileged
Korea Times
In 2002, Chey became the first Korean to become a co-chairman of the WEF EastAsia Economic Summit in Malaysia, where he was in charge of presentations and conference proceedings. The SK chairman also gave the opening address for the 2008 OECD ...
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Korea Times
Sultan Azlan Shah Cup brought forward to help national side
Malaysia Star
By S. RAMAGURU KUALA LUMPUR: The Sultan Azlan Shah Cup next year has been brought forward to February and the tournament will serve as the national team's final preparations for the Olympic qualifier in March. The Malaysian Hockey Federation (MHF) held ...
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China Sees Baby Care Boom for Year of Dragon
Bloomberg
“The baby boom is a good investment idea in the near term,” said Jessie Guo, Jefferies Group Inc.'s Hong Kong-based head for consumer research in Asia. “The growth is likely to sustain for the next two to three years.” The boom is expected to increase ...
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Bloomberg
Towards that great café of books
Philippine Star
Citations were given for the books Watersheds (Wide Angle Media) by Grace Roxas and The Great Men and Women of Asia (Ramon Magsaysay Foundation and Anvil), while University of Santo Tomas Publishing House was declared Publisher of the Year. ...
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Construction expo EXCON to open on Wednesday
MSN India
Bangalore, Nov 20 (PTI) Around 200 global companies will showcase products at South Asia''slargest exhibition on construction equipment and technology, EXCON 2011, which will open here on Wednesday. Spread over 2,20000 square metres of display area, ...
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S Korean think tank cuts its GDP growth forecasts below 4%
Taipei Times
The state-run Korea Development Institute (KDI) said in its biannual report that Asia's fourth-largest economy would grow by 3.6 percent this year, compared with its May estimate of 4.2 percent. It said it now expected 3.8 percent growth next year, ...
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Weak Thai GDP brings rate cut closer
TODAYonline
The quarterly growth in South-east Asia's second-largest economy compared with the 1.5 per cent expected in a Reuters poll. From a year earlier, the economy grew 3.5 per cent, below economists' forecast of 4.5 per cent. Flooding has crippled Thailand's ...
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S. Korea police try to identify casino leap victim
Sin Chew Jit Poh
The man, believed to be Asian, was found Friday night lying on the ground with his body ablaze outside the casino at the Millennium Seoul Hilton Hotel, a police detective told AFP. Police said he was believed to have jumped from the sixth floor, ...
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UN - Secretary-General''s Opening Remarks to the 4th ASEAN-UN Summit
ISRIA (registration)
We have seen Asia come of age together. Over the years, I think of the great contribution your countries have made to the work of the United Nations – to peace, to development, to human rights. Most of the countries in this room contribute to our ...
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Asia stocks fall amid E.Z./U.S. debt worries; Nikkei down 0.32% By ...
By Forexpros
Asia stocks fall amid E.Z./U.S. debt worries; Nikkei down 0.32% ... 2011-11-21 07:54:38 GMT (Forexpros). Add News to Your Site. Tweet. 0. Votes. View Comments (0). Previous News | NextNews ... Meanwhile, the U.S.'s deficit-cutting congressional supercommittee was expected to announce it has failed to reach agreement on at least USD1.2 trillion in federal budget savings. In Japan, Honda Motor and Toyota Motor saw shares fall 0.62% and 2.57% respectively, leading losses...
Forex Pros RSS News Feed | Forex News
Asia's mobile tech-driven healthcare market seen at $7 billion - Health
Mobile technologies will be increasingly deployed to enable people in Asia to monitor and manage their health, with the market expected to hit $7 billion by ...
health.yahoo.net/news/s/nm/us_mobile_technology
Tele interview: Obama´s strategies in Asia-Pacific region CCTV ...
... economic crisis. So why is he putting such a strong focus on Asia-Pacific issues? ... Disease: Bird flu virus found in S China · - Recall: ... Picture in news more ...
english.cntv.cn/program/newshour/20111114/109332.shtml
Philippine gov't bars Arroyo from travel - Asia News Network
Invoking the primacy of national interest over individual rights, Justice Secretary Leila de Lima Tuesday slammed the door on Arroyo's plan to seek medical ...
www.asianewsnet.net/home/news.php?id=23665&sec=1
East Asia News
East Asia News from the most comprehensive global news network on the ... That's clear when you look closely at the people crowding Hong Kong's busy ...
archive.wn.com/2011/11/18/1400/eastasianews/
S.Ossetian presidential election declared valid « News Headlines ...
News Headlines from Russia, Central Asia, Ukraine and Kazakhstan – Interfax .... Nov 13 (RussiaNews) – The South Ossetian presidential election has been ...
www.interfax.co.uk/.../s-ossetian-presidential-election-declared...
Obama's Asia Pivot Puts U.S. Approach to China on New Path ...
President Barack Obama's pivot toward Asia is shifting the U.S. approach to China by teaming up with its neighbors to press the world's second-largest economy ...
www.businessweek.com/.../obama-s-asia-pivot-puts-u-s-appro...
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