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Keyword: asia

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  • US's Most Powerful Nuclear Bomb Being Dismantled

    10/25/2011 7:48:27 AM PDT · by penelopesire · 123 replies · 1+ views
    ABC NEWS ^ | October 25, 2011 | BETSY BLANEY
    "The last of the nation's most powerful nuclear bombs — a weapon hundreds of times stronger than the bomb dropped on Hiroshima — is being disassembled nearly half a century after it was put into service at the height of the Cold War. The final components of the B53 bomb will be broken down Tuesday at the Pantex Plant near Amarillo, the nation's only nuclear weapons assembly and disassembly facility. The completion of the dismantling program is a year ahead of schedule, according to the U.S. Department of Energy's National Nuclear Security Administration, and aligns with President Barack Obama's goal...
  • Asian Markets See Red And Gold Sees Green

    10/25/2011 8:34:49 PM PDT · by blam · 3 replies
    TBI ^ | 10-25-2011 | Sam RO
    Asian Markets See Red And Gold Sees Green Sam Ro Oct. 25, 2011, 10:16 PM Asian markets are extending the global market selloff as investors prepare to be disappointed by EU leaders on Wednesday. Japan's Nikkei is down 0.8%. Korea's Kospi is down 0.7%. Australia's S&P/ASX is down 0.1%. Hong Kong's Hang Seng is down 1.0%. Meanwhile, gold continues its rally. Check out the chart: Gold Image: FinViz
  • WSJ Economists On Recessions And GDP: The Great Disconnect

    10/24/2011 2:37:59 PM PDT · by blam · 4 replies
    Advisor Perspectives ^ | 10-24-2011 | Doug Short
    WSJ Economists On Recessions And GDP: The Great Disconnect By Doug Short October 24, 2011 Yesterday I posted a preview (see below) of the Q3 GDP Advance Estimate, due out on Thursday, with a review of the consensus forecast at and close look at the forecasts of the 50 economists who responded to the October Wall Street Journal survey. What I didn't mention was their response to this WSJ survey question: Please estimate on a scale of 0 to 100 the probability of a recession in the U.S. in the next 12 months. Before I reveal the collective response,...
  • FINALLY, Asia Rallies, Korea Explodes Higher

    10/05/2011 8:54:10 PM PDT · by blam · 10 replies
    TBI ^ | 10-5-2011 | Joe Weisenthal
    FINALLY, Asia Rallies, Korea Explodes Higher Joe Weisenthal Oct. 5, 2011, 9:36 PM After missing out on the recent rally, finally Asia is participating. While US futures are down modestly, Japan is up 2%, and Korea's KOSPI (after getting drubbed two straight days) is up huge.(snip)
  • World stocks dive to 15-month low (Europe & Asia get hammered AGAIN)

    10/04/2011 4:26:33 AM PDT · by AAABEST · 8 replies
    Financial Post ^ | October 4, 2011 | Natsuko Waki
    LONDON — World stocks hit a fresh 15-month low on Tuesday and the dollar rose to a nine-month peak as fears over a major banking crisis in Europe mounted along with expectations Greece could soon default, accelerating a global economic slowdown. Sovereign debt insurance costs for the region’s economic powerhouse Germany hit a record high after eurozone finance ministers said they were reviewing the scale of private sector involvement in a second bailout package for Greece, a move that threatens to hasten a default.
  • Russia's Putin says wants to build "Eurasian Union"

    10/03/2011 4:49:50 PM PDT · by barmag25 · 24 replies
    Reuters via yahoo ^ | 10/03/11 | Gleb Bryanski
    MOSCOW (Reuters) - Russia's Prime Minister Vladimir Putin said he wants to bring ex-Soviet states into a "Eurasian Union" in an article which outlined his first foreign policy initiative as he prepares to return to the Kremlin as the country's next president. Putin said the new union would build on an existing Customs Union with Belarus and Kazakhstan which from next year will remove all barriers to trade, capital and labor movement between the three countries. "We are not going to stop there and are setting an ambitious goal -- to achieve an even higher integration level in the Eurasian...
  • Solyndra Tied to Asian Suppliers (imported more than 2.83 million pounds)

    09/27/2011 4:32:47 AM PDT · by Libloather · 6 replies
    Hispanic Business ^ | 9/23/11 | Lou Kilzer
    Solyndra Tied to Asian SuppliersLou Kilzer Sept. 23, 2011 **SNIP** Chief Financial Officer W.G. Stover in court documents blamed Solyndra's demise on attractive funding subsidies and extended payment terms provided to its foreign competitors by their governments. But Solyndra, which began shipping solar panels in July 2008, has tapped more than 60 foreign manufacturers to provide it with panels and related assembly goods, the Trib found through an analysis of shipping records maintained by ImportGenius, an international company that tracks imports into the United States. During the past 12 months, Solyndra received 154 shipments of goods, primarily from companies in...
  • India Faces Standoff With China on Sea Oil

    09/23/2011 7:44:50 AM PDT · by Cronos · 6 replies
    Wall Street Journal ^ | 23 September 2011 | Jeremy Page
    India is being pulled into a complex and increasingly tense territorial dispute in the South China Sea, with China repeatedly warning ONGC, the Indian state oil company, that its joint exploration plans with Vietnam amount to a violation of Chinese sovereignty. The Indian government responded to the latest Chinese warnings Thursday by repeating its pledge to continue exploring for energy in the South China Sea, where China is embroiled in territorial disputes with Vietnam, the Philippines, Taiwan, Malaysia and Brunei .."We plan to restart drilling there," said ONGC Chairman A.K. Hazarika. "The [Indian] Ministry of External Affairs has informed us...
  • The 10 Countries That Are Trying To Be The Next China (Something for investors to consider...)

    09/20/2011 8:01:53 AM PDT · by SeekAndFind · 6 replies
    Business Insider ^ | 09/19/2011 | Sam Ro
    "Sourcing goods in China purely because of ultra-low costs is a thing of the past,” said KPMG's Nick Debnam. In a new report title Product Sourcing In Asia Pacific, KPMG notes China's disadvantages include rising labor costs and an aging workforce. Of the 11 countries discussed, China has the oldest population with a median age of 34. More companies are turning to Indonesia and Vietnam for footwear manufacturing. India's specializations in hand stitched fabrics and metalware have made it a major alternative to China. Cambodia and Bangladesh are experiencing a booming export industry thanks to favorable trade agreements with the...
  • Asia stocks fall as Europe fears revive

    09/18/2011 9:29:12 PM PDT · by Free Vulcan · 12 replies
    Marketwatch ^ | 9.18.11 | Sarah Turner
    SYDNEY (MarketWatch) — Asian stocks fell on Monday, as concerns about a Greek default came back to the fore amid indications that Europe is losing patience with the country’s efforts to cut its debt pile...
  • Asia stocks dragged down by selloff in Europe

    09/05/2011 7:36:53 PM PDT · by americanophile · 16 replies
    AP via Google News ^ | September 5, 2011 | AP
    BANGKOK (AP) — Asian markets opened lower Tuesday after fears of a worsening global economy sparked a session of free-falling losses in Europe. Oil prices fell to below $84 a barrel in Asia as investor fears of a recession in developed countries sent equities and commodities lower. The dollar was higher against the euro but lower against the yen. Japan's Nikkei 225 index dropped 1.2 percent to 8,676.12. Hong Kong's Hang Seng index was 1 percent down at 19,420.47. Australia's S&P ASX 200 lost 1.1 percent to 4,095.50. South Korea's Kospi index was 0.6 percent down at 1,774.73. The slump...
  • Never Fight a Land War in Asia

    09/01/2011 5:43:07 PM PDT · by AfricanChristian · 49 replies · 1+ views
    Stratfor ^ | George Friedman
    U.S. Secretary of Defense Robert Gates, speaking at West Point, said last week that “Any future defense secretary who advises the president to again send a big American land army into Asia or into the Middle East or Africa should have his head examined.” In saying this, Gates was repeating a dictum laid down by Douglas MacArthur after the Korean War, who urged the United States to avoid land wars in Asia. Given that the United States has fought four major land wars in Asia since World War II — Korea, Vietnam, Afghanistan and Iraq — none of which had...

    09/01/2011 1:38:05 AM PDT · by SatinDoll · 47 replies
    World Affairs ^ | August 30, 2011 | Gordon G. Chang
    A retired Chinese general recently revealed that his country might be planning a surprise missile attack on the United States. The public comment of Xu Guangyu came in response to WikiLeaks revelations that last year Washington had warned its allies beforehand of China’s test of a missile interceptor.
  • India bids to be Africa's 'new best friend'

    08/25/2011 10:45:23 AM PDT · by MBT ARJUN · 4 replies
    CNN -- While China has been able to use its considerable economic clout to forge strong ties with Africa, experts say India is hoping that a mix of soft power and business expertise can win it friends and customers on the continent. Over the last few years, Beijing has struck deal after deal with African countries, often building extensive infrastructure projects and providing loans in exchange for access to natural resources, trade opportunities and expansion into new markets. Lacking China's deep pockets, analysts say India has often struggled to compete directly with Beijing, especially for natural resources such as oil...
  • Asian markets slammed in global selloff(very ugly end to the week?)

    08/18/2011 6:47:20 PM PDT · by TigerLikesRooster · 20 replies
    AFP ^ | 08/18/11 | Yoshikazu Tsuno
    Asian markets slammed in global selloff By Yoshikazu Tsuno | AFP – 1 hour 17 minutes ago. Asian stock markets early Friday caught a global selling fever after new warnings of world recession coupled with fears that rapid-fire growth in China is set to slow down. Investors in Tokyo, Seoul and Sydney picked up on the mounting anxiety evident in the United States and Europe, where fresh carnage ripped across the markets on Thursday. "The bears returned aggressively overnight as very disappointing US economic data and fears over the stability of European banks had traders reaching for the sell button,"...
  • U.S. Budget Cuts Will Reshape Power Balance in Northeast Asia

    08/11/2011 9:14:40 PM PDT · by sukhoi-30mki · 2 replies · 1+ views
    U.S. Budget Cuts Will Reshape Power Balance in Northeast Asia The U.S. defense budget amounts to approximately US$700 billion a year, 10 times higher than China's. But the U.S. has decided on drastic cuts to its defense spending, which account for around 20 percent of the national budget. The Obama administration intends to cut defense spending by $400 billion over the next decade, and U.S. media forecast between $550 billion to $900 billion in cuts over the next 10 years. China, on the other hand, has the biggest foreign currency reserves in the world and has been boosting its annual...
  • Asia shares nosedive as gold scales another peak

    08/08/2011 7:06:37 PM PDT · by TigerLikesRooster · 48 replies
    Reuters ^ | 08/09/11
    Asia shares nosedive as gold scales another peak (Reuters) - Asian stock markets nosedived on Tuesday and the Swiss franc held near a record high, as investors dumped riskier assets in a global rout triggered by fears that political leaders are failing to tackle debt crises in Europe and the United States. Major indexes across the region fell between 2 and 5 percent, following drop of more than 6 percent on Wall Street in the first trading session since the historic downgrade of the United States' AAA credit rating by Standard & Poor's. The panicked flight-to-safety pushed gold to the...
  • Asia stocks plunge to join in global rout(off by 4~5%)

    08/05/2011 12:45:34 AM PDT · by TigerLikesRooster · 14 replies
    Market Watch ^ | 08/04/11 | Sarah Turner
    Asia stocks plunge to join in global rout By Sarah Turner, MarketWatch SYDNEY (MarketWatch) — Asian shares nose-dived on Friday, joining in a global rout fueled by heightened debt and economic-growth fears, with energy and financial stocks among the worst performers. In Hong Kong, the Hang Seng Index (HSI:HK:HSI) fell 4.9%, while the Shanghai Composite index (SHA:CN:000001) dropped 1.7%. Japan’s Nikkei Stock Average (TYO:JP:NIK) closed the day down 3.7%, while Australia’s S&P/ASX 200 index (ASX:AU:XJO) ended with a 4% loss. South Korea’s Kospi (KRX:KR:0100) dropped 3.6%. “A complete crisis of confidence has emerged in the market,” said Toby Lawson, head...
  • Australia wants Indian participation in Square Kilometre Array project

    07/26/2011 1:20:51 PM PDT · by James C. Bennett · 1 replies
    Domain B ^ | 26 July 2011 | Domain B
    Mumbai: Australia would like Indian scientists to join it in building the "world's biggest" telescope, its minister for innovation, industry, science and research, senator Kim Carr said on Monday. "We want Indian scientists to participate in the prestigious project of world's largest telescope - Square Kilometre Array (SKA)," Carr told media. Australian astronomers are regular visitors to the India's Giant Metrewave Radio Telescope (GMRT) facility located near Pune. Minister Carr will broach Indian participation in the project in his talks with India's department of science and technology today. The SKA is a new generation radio telescope with a discovery potential...
  • Chinese think-tank slams United States' overtly pro-India stance

    07/21/2011 11:11:07 AM PDT · by James C. Bennett · 34 replies
    IANS ^ | July 21, 2011 | IANS
    BEIJING: China has taken careful note of US Secretary of State Hillary Clinton's speech pitching for a larger global role for India in East Asia, with an official Chinese think tank saying Washington's "overtly pro-India stance" will hurt its larger goal of fighting militancy in Pakistan. "Not surprisingly, counter-terrorism is one of the top issues on Clinton's agenda during her (recent) visit to India," says an article titled "US-South Asia policy", published in the state-run China Daily. Both the US and India are doing the "opposite of what they should have done to help Pakistan fight terrorists", said the article...