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Asian, European FMs Cite Need for Closer Cooperation

Posted June 8th, 2011 at 1:15 am (UTC-5)
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Foreign ministers from across Europe and Asia are stressing the need for closer cooperation between their regions after two days of talks in Hungary. In a 21-page final statement Tuesday, the participants in the Asia-Europe Meeting focused on non-traditional security challenges ranging from food security to organized crime. Officials from 27 European and 19 Asian […]

Tags: , Posted in East Asia Pacific

Singapore Gambling Poised to Overtake Las Vegas

Posted June 7th, 2011 at 10:20 am (UTC-5)
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U.S. gaming experts say Singapore is set to overtake Las Vegas as the world’s second largest gambling hub. The head of the American gaming Association, Frank Fahrenkopf, says the Asian city-state is on course to rake in $6.4 billion in gaming revenue, after opening its first two casinos last year. Fahrenkopf spoke Tuesday at a […]

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Asia Markets Close Mixed

Posted June 7th, 2011 at 7:05 am (UTC-5)
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Major Asian stock markets closed mixed Tuesday. Tokyo’s Nikkei index gained two-thirds of one percent to finish at 9,443. Hong Kong’s Hang Seng index lost one-third of one percent to finish the day’s trading at 22,869. Share prices were higher in Jakarta, Mumbai, Shanghai, Singapore and Taipei, but lower in Bangkok, Manila, Seoul, Sydney and […]

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Asian Stocks Mixed

Posted June 7th, 2011 at 4:50 am (UTC-5)
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Asian stock markets closed mixed Tuesday. Tokyo’s Nikkei index gained three-quarters of one percent to finish at 9,443. Hong Kong’s Hang Seng index lost one-third of one percent to finish the day’s trading at 22,869. Share prices were higher in Shanghai and Taiwan, but lower in Manila, Sydney and Wellington. In currency trading, the dollar […]

Tags: , , Posted in Economy

US Treasury Official Tours East Asia to Press Iran Sanctions

Posted June 7th, 2011 at 4:40 am (UTC-5)
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A senior U.S. Treasury official will be meeting with counterparts in Japan and South Korea this week to urge the strict enforcement of sanctions on Iran and discuss whether additional measures are needed. The Treasury Department said David Cohen, the assistant secretary for terrorist financing, will be in the region from Tuesday through Friday. It […]

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Asian Markets Close Lower

Posted June 6th, 2011 at 6:35 am (UTC-5)
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Asian stock markets closed lower Monday. Tokyo’s Nikkei index fell 1.2 percent to close at 9,380. Elsewhere, share prices were lower in Sydney, Singapore, Kuala Lumpur, Bangkok, Jakarta, Wellington and Manila. Mumbai markets edged up slightly. Markets in Hong Kong, Shanghai and Taipei were closed for the Dragon Boat Festival, while Seoul markets were closed […]

Tags: , Posted in East Asia Pacific

Asian Markets Lower

Posted June 6th, 2011 at 4:30 am (UTC-5)
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Asian stock markets were lower in trading Monday. Tokyo’s Nikkei index fell 1.2 percent to close at 9,380. Elsewhere, share prices were lower in Sydney, Wellington and Manila. Markets in Hong Kong, Shanghai and Taipei were closed for the Dragon Boat Festival. The dollar was selling at 80.18 yen in currency trading, down slightly from […]

Tags: , , Posted in East Asia Pacific

Gates Meets with US Allies at Asian Security Conference

Posted June 3rd, 2011 at 5:25 pm (UTC-5)
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U.S. and Chinese defense chiefs say military relations between the two countries have made some progress and are moving in a positive direction. U.S. Defense Secretary Robert Gates and his Chinese counterpart, General Liang Guanglie, made the statement Friday in Singapore, where they held talks ahead of the start of the Shangri-La Dialogue security conference. […]

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US Diplomat Prepares for East Asian Swing

Posted June 3rd, 2011 at 2:00 pm (UTC-5)
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The top U.S. diplomat to East Asia is preparing for a four-nation tour next week. Kurt Campbell, the assistant secretary of State for East Asian and Pacific Affairs, leaves Sunday for Beijing where he will attend a series of meetings on cooperation in the region. He is also expected to discuss concerns about North Korea […]

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Congress Presses Obama Administration on Rights in Asia

Posted June 3rd, 2011 at 10:05 am (UTC-5)
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Members of Congress pressed State Department officials about U.S. policy on the human rights situation in Burma, North Korea and Tibet, Thursday and were sharply critical of China’s rights performance. Congresswoman Ileana Ros-Lehtinen, who chairs the House Foreign Affairs Committee, opened a hearing on human rights in Asia by saying that China is at the […]

Tags: , , Posted in East Asia Pacific