Asia News

Asia news

Man Walking Pet Giant Tortoise in Tokyo Becomes Internet Sensation

Jun 18, 2015

A Tokyo man walking his pet giant African tortoise has become an internet sensation. The 62-year-old funeral parlor owner has been attracting attention on the...

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Kangaroo Survives 4 Days with Arrow Stuck in Head

Jun 17, 2015

A female kangaroo has survived for four days with an arrow stuck in her head after being shot in Queensland, Australia. The mother kangaroo was...

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North Korea Experiences Worst Drought in Century

Jun 17, 2015

North Korea has been hit by worst drought in a century, sparking fears of worsening food shortages, state news agency KCN announced. Main rice-growing provinces...

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North Korean Soldier Defects to South Korea Through DMZ

Jun 15, 2015

According to South Korea officials, a North Korean soldier has walked across one of the world's most heavily militarized borders to defect to the...

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Air India Rejects Claims of Lizard in In-Flight Meal

Jun 14, 2015

Air India has denied a lizard was found in an in-flight meal on a Delhi-London flight on June 11. The airline’s denial follows the publication...

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Save the Children Ordered to Leave Pakistan

Jun 12, 2015

US NGO Save the Children has been ordered to leave Pakistan, with an official accusing the charity of "anti-Pakistan" activities. Police have sealed off the...

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MH148: Malaysia Airlines Plane Makes Emergency Landing in Melbourne

Jun 12, 2015

Malaysia Airlines flight MH148 has made an emergency landing in Melbourne, Australia, after reporting a possible engine fire. The passenger plane had just taken off...

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Zhou Yongkang Gets Life Sentence for Accepting Bribes and Abuse of Power

Jun 11, 2015

China's former Ministry of Public Security Zhou Yongkang has been jailed for life after being found guilty of bribery, abuse of power and "intentionally...

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Meet The Chinese Inventor Who Invented The E-Cigarette To Quit Smoking

Jun 10, 2015

Hon Lik, a pharmacist from north-eastern China's Shenyang, invented the e-cigarette as a way to quit his heavy smoking after the habit killed his...

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Aung San Suu Kyi Makes China Debut Visit

Jun 10, 2015

Myanmar's opposition leader Aung San Suu Kyi is expected to begin her first visit to China on June 10, at a time of tension...

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Yangtze Ship Tragedy: Death Toll Rises to 396 as Emergency Workers Search Vessel

Jun 6, 2015

According to Chinese authorities, the death toll from the Eastern Star cruise ship disaster now stands at 396 as emergency workers search the vessel...

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Malala Yousafzai Attackers Secretly Acquitted in Pakistan

Jun 5, 2015

According to new reports, 8 of the 10 men who attempted assassination of Malala Yousafzai in 2012 were acquitted in Pakistan. In April 2015, officials...

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China: Eastern Star Cruise Ship Sinks on Yangtze River with 458 on Board

Jun 2, 2015

At least 5 people have died and hundreds are missing in China after a cruise ship carrying 458 people capsized on the Yangtze River. According...

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Rana Plaza Collapse: 42 Charged with Murder over Bangladesh Factory Disaster

Jun 1, 2015

The owner of the Rana Plaza complex has been charged with murder over the Bangladeshi building's collapse in 2013, killing more than 1,100 people. Sohel...

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Turkmenistan President Gold Statue Unveiled in Ashgabat

May 29, 2015

Turkmenistan’s President Gurbanguly Berdymukhamedov has been honored with a huge monument in the capital city, Ashgabat, featuring his likeness atop a golden horse. The Turkmen...

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Australia: Twelve Melbourne Women Trying to Join ISIS

May 29, 2015

Twelve young women have tried to leave Melbourne to join the Islamic State (ISIS) militant group. According to Australian police, the women, aged between 18...

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China Stolen Artifacts: 175 People Arrested in Country’s Biggest Ever Operation

May 27, 2015

Chinese authorities have arrested 175 people in the country's biggest ever operation to recover stolen artifacts. China’s Ministry of Public Security said 1,168 cultural relics...

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India Heat Wave Kills More than 1,000 as Temperatures Near 122F

May 26, 2015

The recent heat wave has killed more than 1,000 people in India as temperatures nearing 122F (50C) in some areas. Most deaths have taken place...

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India Heat Wave Claims at Least 500 Lives

May 25, 2015

A severe heat wave that has driven daytime temperatures as high as 118°F (48°C) in parts of India has claimed over 500 lives. Most deaths...

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Nepal Landslide Blocks Kali Gandaki River

May 24, 2015

A number of landslides have hit Nepal since the 7.8-magnitude earthquake on April 25 which killed more than 8,000 people and injured many more. The...

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Kim Jong-chul: Kim Jong-un’s Brother Spotted at Eric Clapton Concerts in London

May 22, 2015

Kim Jong-un's elder brother Kim Jong-chul has been spotted attending two Eric Clapton concerts in London. The footage shows a man resembling Kim Jong-chul visiting...

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Asian Boat Crisis: Myanmar Rescues First Migrant Boats

May 22, 2015

Two migrant boats holding more than 200 people have been rescued in Myanmar’s waters near the border with Bangladesh. It was the first such rescue...

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India: Jayaram Jayalalitha Set to Return as Tamil Nadu Chief Minister

May 22, 2015

Former Indian actress Jayaram Jayalalitha is set to return as the chief minister of the southern state of Tamil Nadu after the state governor...

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South Korea Nut Rage Incident: Heather Cho Freed After Winning Appeal

May 22, 2015

Korean Air’s former head of in-flight service Heather Cho, who was jailed for an outburst over macadamia nuts, has been freed after winning a...

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North Korea Creates Miniaturized Nuclear Warheads

May 20, 2015

North Korea claims it made progress on nuclear miniaturization by creating warheads small enough to fit on a missile. A North Korean defense official said...

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Page 34 of 106

Interesting Articles

Should you pitch your Tent with Stocks, Oil, or Gold Investors?
Investors might find it somewhat difficult to decide on where to put their money this year because the headlines coming from investment circles are mostly depressing. The weakness in Chinese economy is weighing down much of Asia and American manufacturers are starting to feel the pinch. Geopolitical tensions in the Middle East remain unresolved and oil prices are in troubled waters. Economic data in the U.S. is mixed and the fact that 2016 is an election year doesn’t provide much of an economic direction. It is already obvious that 2016 will be very volatile year in the global economic scene. The move by the U.S. Federal Reserve to raise interest rates at the end of 2015 was the harbinger of things to come. Economic events in the first three weeks of 2016 has shown that 2016 will be characterized by a rollercoaster of exciting highs and depressing lows in the global economy. This piece seeks to explore the outlook in stocks, precious metals, and global oil prices so that investors might pitch their tents on the winning side. Stocks are swimming in wild swings If you have investments in the equities market, you’ll have already seen the handwriting on the wall that stocks will be volatile this year. On Wednesday, all the major U.S. market indices were down. For instance, the S&P 500 was down by a significant 1.56%, the Dow Jones Industrial Average was down 1.17%, and the NASDAQ Composite was down 0.12%. More so, all the major market sectors (except healthcare) were down in yesterday’s session, with the energy sector taking the biggest hit with a 3.14% decline. The global equities scene was also not impressive. In Asia, stocks are suffering in China as the Shanghai index dropped 3.23%. The situation was not different in Japan as Nikkei 225 had a 2.43% decline while Hong Kong’s Hang Seng Index was down 1.82%. The situation also appears to be worse in Europe as Euro STOXX 50 was down 0.19% and France’s CAC 40 was down 0.16%. It is well known saying in the equities market that as “January goes, goes the year”; hence, stock investors will not be surprised if they make massive gains in a session and then lose everything in the next session. The outlook for oil is uncertain Crude oil has been facing significant headwinds since last year and it seems that the situation has taken a turn for the worse this year. Oil futures have dropped to the lowest price since September 2003 this week, as a glut in the supply of oil and drop in demand (especially from China) has caused the price to fall lower. On Thursday, Benchmark Brent was down 3.2%o $27.10 per barrel. The West Texas Intermediate (WTI) crude futures were down an incredulous 6.7% to $26.55 per barrel. The decline marks the largest monthly fall since May 2003. Hans van Cleef, senior energy economist at ABN Amro in Amsterdam notes that “There are worries surrounding demand and oversupply“. Dominick Chirichella, oil analyst at the New York-based Energy Management Institute also notes that “no matter how one looks at the fundamental data every angle points toward lower prices as supply is continuing to outstrip demand.” However, the uncertainties in oil prices provide smart traders with an opportunity to benefit from trading oil futures. If you know how to trade oil, you’ll find the current weakness in oil prices as a good opportunity to make consistent gains from the economic dynamics of oil. It is obvious that oil prices are searching for a bottom and you can make gains when you sell. When the geopolitical tensions in the Middle East are resolved, you can expect oil prices to recover and then you’ll buy oil futures. The safe-haven status of gold might be back The weakness in the global equities market as discussed earlier is already causing investors to think twice about investing in stocks and they are running into the inherent stability of gold. Gold is considered a safe-haven asset because it tends to keep its value over time, because it is a good hedge against inflation and because it tends to outperform fiat currencies. The reigniting of the safe haven status of gold suggests that 2016 might be the year of precious metal investors. A Bloomberg data analysis shows that in the five days to January 14, investors have bought 26.8 metric tons of gold through ETFs that are physically backed by the bullion. Gold prices per ounce have climbed more than 4% since the market opened this year in sharp contrast to the decline in equities. Citigroup analysts in their 2016 commodities outlook note, “gold’s safe haven rationale is back in vogue“. They also mentioned that “geopolitical issues typically tend to be short-lived in terms of lending support to gold prices; we expect ongoing global macro concerns to lend support this quarter, aided by a modestly more benign U.S. dollar outlook.”Read More »
Sydney experiencing its hottest day ever
Sydney is experiencing its hottest day on record, with temperatures reaching nearly 115 F (46 C). A temperature of 114.4 …Read More »
El Salvador elections 2014: Norman Quijano admits presidential vote defeat
Norman Quijano, the candidate of El Salvador opposition party, Arena, has accepted defeat in the presidential election held on March …Read More »
Venezuela Elections 2015: Opposition Wins Majority in National Assembly
Venezuela’s opposition coalition has won a majority of seats in the National Assembly, overturning nearly two decades of dominance by …Read More »
Germany celebrates 25th anniversary of fall of Berlin Wall
Germany is celebrating the 25th anniversary of the fall of the Berlin Wall. Concerts and exhibitions are being staged in …Read More »