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Yahoo

Business - GM and China`s SAIC to push into Indonesia with no-frills vans


By Norihiko Shirouzu BEIJING (Reuters) - General Motors and Chinese partner SAIC Motor Corp will soon announce a joint push into Indonesia, using their no-frills Wuling brand to establish a beachhead in Southeast Asia`s biggest market and from there tackle other markets in the region. They have already made moves to purchase a property in an industrial district on the outskirts of Jakarta, according to two people familiar with the matter, and are expected to detail within days what GM China chief Matt Tsien called an important joint venture in a country of 240 million people. For GM, Indonesia will be its second non-China market in Asia, having already broken into India with SAIC, where they cooperate to market Wuling`s small multi-purpose workhorse vans.


Sunday, February 01, 2015  06:40

Yahoo

Business - Oil export losses to reach $300 billion in Middle East


Losses from lower oil exports should sap up to $300 billion from economies in the Middle East and Central Asia this year, as countries in the region adjust to falling crude prices, the International Monetary Fund said on Wednesday. Economies that are particularly dependent on oil exports, including Qatar, Iraq, Libya and Saudi Arabia, will be hit hardest by the more than 50 percent decline in petroleum prices, the IMF said in an update to its outlook for the Middle East and Central Asia. Oil prices are now hovering near six-year lows amid expectations of an abundance of supply tied to unexpectedly high production of U.S. shale crude. The IMF said, however, that falling crude prices will not translate immediately into major gains for oil importers in the Middle East and Central Asia, which have been hurt by the slowing growth prospects of key trading partners in the euro zone and Russia.


Wednesday, January 21, 2015  14:16

Yahoo

World - Obama warns Asian territorial disputes could `spiral into confrontation`


US President Barack Obama on Saturday warned of the dangers of outright conflict in Asia, as China squares off against rival claimants over various territories, but vowed that Washington would remain anchored in the region. In a speech at Brisbane`s University of Queensland, Obama insisted that his `pivot` of US policy back to Asia was real and here to stay. In the speech, given on the margins of the G20 summit, the president reviewed the stunning economic progress seen in East Asia since World War II. China is locked in dispute with Southeast Asian countries over lonely outcrops in the South China Sea and with Japan over another set of islets.


Saturday, November 15, 2014  04:07

CNN

Asia - HK protesters: We are still here


They carried bright yellow umbrellas, chanting `I want true democracy,` as they festively made their way through Hong Kong`s streets.


Sunday, February 01, 2015  15:20

BBC

Asia-Pacific - Reporter Peter Greste freed by Egypt


Australian al-Jazeera and ex-BBC journalist Peter Greste is being deported from Egypt after 400 days in prison, and is reportedly flying to Cyprus.


Sunday, February 01, 2015  15:20

BBC

Asia-Pacific - VIDEO: Bollywood star `succumbed` to twitter


Bollywood star Amitabh Bachchan says that he has `succumbed` to social media as a way to connect with his fans and well-wishers.


Sunday, February 01, 2015  13:45

Yahoo

World - Officials meet to address safety after aviation calamities


WASHINGTON (AP) — Government and aviation industry officials from dozens of countries are meeting in Montreal this week to try to find consensus on how to keep from losing airliners like the one that vanished without a trace in Asia and another shot down in Eastern Europe.


Sunday, February 01, 2015  13:06

Yahoo

World - North Korea says U.S. rejects invitation to Pyongyang


North Korea said on Sunday the United States had rejected an invitation to send one of its top diplomats to Pyongyang, accusing Washington of trying to shift the blame for the deadlock in denuclearisation talks on the North. Sung Kim has been meeting with officials of the countries that had been part of the so-called six-party talks in the past week in Tokyo and Beijing, where he said it was up to the North to show it was serious about ending its nuclear programme. `(We) invited Kim Sung to visit Pyongyang as he expressed his willingness to meet with his counterpart of the (North) during his visit to Asia this time,` the North`s KCNA news agency quoted an unnamed foreign ministry spokesman as saying. `However, the U.S., in disregard of this, is working hard to shift the blame onto the (North), misleading public opinion by creating impression that dialogue and contacts are not realized due to the latter`s insincere attitude.` Kim said in Beijing on Friday that Washington was `open to engagement, substantive dialogue with North Korea about the issue of denuclearisation`.


Sunday, February 01, 2015  08:10

CNN

Top Stories - At least 13 dead in Bangladesh factory fire



Sunday, February 01, 2015  08:10

CNN

Top Stories - `Dragon` dinosaur unearthed by Chinese farmers



Sunday, February 01, 2015  08:10

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