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South Korea Dismisses Kim Jong Un’s Call for Reduced Tensions

Posted January 2nd, 2013 at 9:35 am (UTC-5)
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South Korea has dismissed a New Year’s Day speech by North Korean leader Kim Jong Un calling for reduced tensions with Seoul. Unification Minister Yu Woo-Ik Wednesday called Mr. Kim’s speech “bland,” saying it contained no groundbreaking proposals. He said Seoul has good reason to question the young leader’s intentions. Mr. Kim Tuesday urged an […]

Global Markets Higher As US Congress Averts Fiscal Cliff

Posted January 2nd, 2013 at 6:25 am (UTC-5)
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World markets are opening 2013 on a high note, after the U.S. Congress reached a deal to end the so-called “fiscal cliff” crisis that threatened to send the world’s largest economy into recession. Asian stock markets welcomed the development in the first trading of the new year, with Hong Kong jumping 2.9 percent, Sydney gaining […]

Global Markets Higher As US Congress Averts Fiscal Cliff

Posted January 2nd, 2013 at 6:00 am (UTC-5)
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World markets are opening 2013 on a high note, after the U.S. Congress reached a deal to end the so-called “fiscal cliff” crisis that threatened to send the world’s largest economy into recession. Asian stock markets welcomed the development in the first trading of the new year, with Hong Kong jumping 2.9 percent, Sydney gaining […]

S.Korea Dismisses Kim Jong Un’s Call for Reduced Tensions

Posted January 2nd, 2013 at 3:35 am (UTC-5)
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South Korea is dismissing a New Year’s Day speech by North Korean leader Kim Jong Un that called for reduced tension between the two long-time rivals. Unification Minister Yu Woo-Ik said Wednesday that Mr. Kim’s speech was “bland” and contained “no ground-breaking proposal,” adding thatb Seoul had good reason to question the young leader’s intentions. […]

Asian Markets Higher As US Congress Averts Fiscal Cliff

Posted January 2nd, 2013 at 12:35 am (UTC-5)
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Asian markets are responding positively after the United States Congress passed a deal late Tuesday to end the so-called “fiscal cliff” crisis that threatened to plunge the world’s largest economy into recession. Hong Kong was up 1.9 percent, Seoul rose 1.4 percent, and Sydney saw a 1.26 percent gain in trading Wednesday, as the House […]

Thousands in Hong Kong Protest Against China-Backed Leader

Posted January 1st, 2013 at 7:50 am (UTC-5)
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Thousands of protesters in Hong Kong are calling for the city’s scandal-ridden chief executive to step down and demanding that China allow them to elect their own leaders. Police say about 17,000 protesters joined a New Year’s Day march through the city, holding signs and chanting slogans demanding the Beijing-backed chief executive Leung Chun-ying step […]

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In New Year’s Speech, Burma’s President Vows More Transparent Communication

Posted January 1st, 2013 at 5:50 am (UTC-5)
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Burmese President Thein Sein has vowed to do a better job of communicating with the nation, as he delivered his first ever New Year’s speech on Tuesday. In a five-minute radio address, the reformist leader promised a new campaign of more direct, transparent communication with the people, saying mutual trust was key to the country’s […]

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New Year’s Celebrations Unfold Around the World

Posted January 1st, 2013 at 1:35 am (UTC-5)
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Burma’s largest city, Rangoon, staged a large New Year’s Eve party for the first time, as the country emerges from a decades-long military dictatorship that typically banned large public gatherings. In the southern Philippines, the festive mood was overshadowed by the devastation from a typhoon that killed more than 1,000 people in early December. And […]

NYT Reporter ‘Forced Out’ of China Following Visa Issue

Posted January 1st, 2013 at 1:20 am (UTC-5)
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China has forced the departure of a New York Times journalist after failing to renew his visa, prompting fresh accusations that Beijing is retaliating against foreign media because of coverage critical of the Communist Party. The Times says correspondent Chris Buckley “was forced to leave mainland China” Monday after authorities declined to issue him a […]

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N. Korea’s Kim Calls for More Weapons, End to Confrontation

Posted January 1st, 2013 at 12:25 am (UTC-5)
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North Korean leader Kim Jong Un has used a New Year speech to call for the development of more advanced weapons, as well as an “end to confrontation” on the Korean peninsula. In the surprise address broadcast Tuesday on state television, Mr. Kim called on his country to hold fast “to the ideals of independence, […]

Tags: , , , Posted in East Asia Pacific