Asian factory sector shows signs of slow recovery

Published : 12:01 am  November 2, 2012  |  Category: International  |  Leave a Comment  |  272 views  |  
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Reuters: Big Asian economies are slowly picking up after a year spent battling against global headwinds, according to business surveys and data released on Thursday that showed renewed vim from China’s factory sector and a rebound in South Korean exports.  Read More →


Asian shares rise as risk appetite warms

Published : 12:00 am  November 1, 2012  |  Category: International  |  1 Comment  |  312 views  |  
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Reuters: Asian shares rose as risk appetite recovered after European equities and the euro firmed overnight while U.S. financial markets looked set to reopen following their storm-forced shutdown.  Read More →


Myanmar must protect Muslims and halt discrimination, UN says

Published : 12:00 am  November 1, 2012  |  Category: International  |  Leave a Comment  |  389 views  |  
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Reuters: U.N. human rights investigators called on Myanmar on Wednesday to halt deadly sectarian violence and warned it not to use the conflict as a pretext to remove Rohingya minority Muslims.  Read More →


US East Coast crippled by massive storm, death toll climbs

Published : 12:00 am  November 1, 2012  |  Category: International  |  Leave a Comment  |  599 views  |  
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Reuters: Millions of people were left reeling in the aftermath of the whipping winds and heavy rains of the massive storm Sandy on Tuesday as New York City and many parts of the eastern United States struggled with epic flooding and extensive power outages.  Read More →


US market closures contain gain by Asian shares

Published : 12:07 am  October 31, 2012  |  Category: International  |  Leave a Comment  |  257 views  |  
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Reuters: Asian shares rose modestly but momentum was curbed by a giant, powerful storm that will keep US markets shut, while the dollar slid to an intraday low against the yen after the Bank of Japan unveiled further easing steps. The most notable market impact from Sandy, one of the biggest storms ever to hit the United States, appeared to be felt in oil prices, which fell as forced closure of refineries reduced demand in the world’s largest oil consumer.  Read More →


Floods across New York as Sandy slams into eastern US

Published : 12:05 am  October 31, 2012  |  Category: International  |  Leave a Comment  |  295 views  |  
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Reuters: Sandy, one of the biggest storms ever to hit the United States, roared ashore with fierce winds and heavy rain on Monday near the gambling resort of Atlantic City, forcing evacuations, shutting down transportation and interrupting the presidential campaign. Early reports said there was widespread flooding through New York City, in some cases well inland. Police confirmed at least two people were killed by the storm in the city, and deaths were reported as far away as Toronto as well. High winds and flooding racked hundreds of miles (km) of Atlantic coastline while heavy snows were forecast farther inland as the center of the storm marched westward.  Read More →


India leaves interest rates on hold, cuts cash reserve ratio

Published : 12:04 am  October 31, 2012  |  Category: International  |  Leave a Comment  |  365 views  |  
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MUMBAI (Reuters): India’s central bank left interest rates unchanged on Tuesday but cut the cash reserve ratio for banks and indicated it may ease monetary policy further in the January-March quarter, although inflation remains a near-term concern. While the decision to leave the policy repo rate unchanged at 8.00% was in line with forecasts in a recent Reuters poll, expectations for a rate cut had grown after India’s finance minister on Monday outlined a plan to trim the country’s hefty fiscal deficit.  Read More →


Japan PM signals election can wait, defies opposition

Published : 12:00 am  October 30, 2012  |  Category: International  |  Leave a Comment  |  258 views  |  
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Reuters: Japanese Prime Minister Yoshihiko Noda made clear on Monday he is in no rush to go to the polls, speaking of unfinished business and the risk of a “political vacuum” in a speech likely to anger the opposition, which has been urging him to keep a promise to call an election soon.  Read More →


Asian shares edge higher on US growth data

Published : 12:00 am  October 30, 2012  |  Category: International  |  1 Comment  |  272 views  |  
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Reuters: Asian shares edged higher on Monday as investors took comfort in signs of stable growth in the United States, though caution over the uncertain global corporate earnings outlook capped prices.  Read More →


Cabinet reshuffle brings new blood as PM eyes elections

Published : 12:00 am  October 30, 2012  |  Category: International  |  Leave a Comment  |  287 views  |  
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Reuters: Indian Prime Minister Manmohan Singh gave his cabinet an overdue facelift on Sunday, bringing in younger ministers in a bid to breathe new life into his aged, scandal-tainted government ahead of state and Lok Sabha elections.  Read More →


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