Showing Archived Posts

IMF Lowers Asian Growth Forecast, Citing US, European Troubles

Posted October 13th, 2011 at 4:40 am (UTC-5)
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The International Monetary Fund says near-term risks to Asia’s economy are rising because of financial turbulence in Europe and a possible slowdown in the United States. In a twice-yearly report released Thursday, the IMF lowered its forecast for economic growth in Asia to 6.3 percent this year and 6.7 percent in 2012. It had previously […]

Tags: , Posted in East Asia Pacific, Economy

Floods Kill 9 in Vietnam, Threaten Thai Capital

Posted October 13th, 2011 at 3:40 am (UTC-5)
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Authorities in Vietnam are reporting nine more deaths in flooding that has swept through the entire Mekong basin, bringing the death total in that country to 43 people, mostly children. In Thailand, where more than 280 have died, residents were forced to abandon their homes in the central city of Ayutthaya, where a historic temple […]

Tags: , Posted in East Asia Pacific

Bangkok Residents Empty Supermarket Shelves as Flood Fears Grow

Posted October 12th, 2011 at 12:35 pm (UTC-5)
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Residents of the Thai capital Bangkok have cleared supermarket shelves of food and water as they brace for flood waters to reach the city in the coming days. One cashier said his store’s shelves were almost empty Wednesday, as customers stocked up on rice, instant noodles and other non-perishable items. Thai Prime Minister Yingluck Shinawatra […]

Tags: , , , Posted in East Asia Pacific

Bangkok Supermarkets Empty as Flood Fears Grow

Posted October 12th, 2011 at 8:30 am (UTC-5)
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Supermarkets across Bangkok say they are running out of food and supplies as residents prepare for massive flooding making its way toward the Thai capital. One cashier said his store’s shelves are almost empty. He said rice and instant noodles were among the first items to be purchased. Crews are erecting flood barriers along the […]

Tags: , Posted in East Asia Pacific

Asia Markets Close Mostly Higher

Posted October 12th, 2011 at 6:50 am (UTC-5)
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Major Asian stock markets closed mostly higher Wednesday. Tokyo’s Nikkei index fell nearly one-half of one percent to finish at 8,739. Hong Kong’s Hang Seng index gained just over one percent to finish the day’s trading at 18,329. Share prices were higher in Bangkok, Jakarta, Kuala Lumpur, Manila, Mumbai, Seoul, Singapore and Shanghai, but lower […]

Tags: , Posted in Economy

Asian Stock Markets Mixed

Posted October 12th, 2011 at 4:45 am (UTC-5)
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Asian stock markets closed mixed Wednesday. Tokyo’s Nikkei index fell nearly one-half of one percent to finish at 8,739. Hong Kong’s Hang Seng index gained just over one percent to finish the day’s trading at 18,329. Share prices were higher in Manila and Shanghai, but lower in Sydney, Taipei and Wellington. In currency trading, the […]

Tags: , , Posted in Economy

Asia Markets Close Mostly Higher

Posted October 11th, 2011 at 6:55 am (UTC-5)
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Major Asian stock markets closed mostly higher Tuesday. Tokyo’s Nikkei index gained nearly two percent to finish at 8,774. Hong Kong’s Hang Seng index soared nearly two and one-half percent to finish the day’s trading at 18,142. Share prices were also higher in Bangkok, Jakarta, Kuala Lumpur, Manila, Seoul, Shanghai, Singapore, Sydney, Taipei and Wellington, […]

Tags: , Posted in Economy

Record Mekong Flooding Threatens Bangkok, Phnom Penh

Posted October 11th, 2011 at 5:05 am (UTC-5)
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United Nations officials say the capitals of Thailand and Cambodia are at risk as the worst flooding in modern times sweeps through the Mekong Basin. Kirsten Mildren, spokeswoman for the U.N.’s humanitarian affairs agency, told VOA Tuesday that officials in Bangkok are taking urgent measures as the floodwaters bear down on the city. Mildren said […]

Tags: , Posted in East Asia Pacific

Asian Stocks Higher

Posted October 11th, 2011 at 5:00 am (UTC-5)
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Asian stock markets closed higher Tuesday. Tokyo’s Nikkei index gained nearly two percent to finish at 8,774. Hong Kong’s Hang Seng index soared nearly two and one-half percent to finish the day’s trading at 18,142. Share prices were also higher in Manila, Shanghai, Sydney, Taipei and Wellington. In currency trading, the dollar was selling at […]

Tags: , , Posted in Economy

Asian Markets Close Mostly Higher

Posted October 10th, 2011 at 6:35 am (UTC-5)
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Asian stock markets closed mostly higher Monday. Tokyo markets were closed Monday for a national holiday. Hong Kong’s Hang Seng index rose slightly to end at 17,711. Elsewhere, share prices were higher in Taipei, Seoul, Sydney, Mumbai, Singapore, Bangkok, Jakarta and Manila. Markets closed lower in Shanghai, Kuala Lumpur and Wellington. The U.S. dollar was […]

Tags: , Posted in East Asia Pacific

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