East Asia

East Asia News

  • Obama Visit to Japan to Set Tone for Four-Nation Asia Tour

    President Barack Obama arrived in Japan to start a four-country tour of Asia aimed at advancing a Pacific-nations trade pact and reassuring allies the U.S. will back their security interests, including in territorial disputes with China.

  • Sanlam Unit Buys Controlling Stake in MCIS Zurich of Malaysia

    Sanlam Emerging Markets, a unit of South African insurance company Sanlam Ltd., said it’s buying 51 percent of Malaysia’s MCIS Zurich Insurance Berhad for about 1.25 billion rand ($118.4 million).

  • China Challenges Obama’s Asia Pivot With Rapid Military Buildup

    President Barack Obama’s trip to Asia this week will be dominated by a country he’s not even visiting: China.

  • S. Africa Says Rhino Horn Theft From Park Safe Biggest Ever

    The theft of rhino horns from steel safes belonging to the national parks department in South Africa’s eastern province of Mpumalanga is the biggest of its kind in the country, a police department said.

  • As Many as 40 Rhino Horns Stolen in S. Africa, Lowvelder Says

    As many as 40 rhino horns were stolen from safes of the parks agency in the South African province of Mpumalanga, the Lowvelder newspaper reported, citing an unidentified person.

  • China’s Arsenic-Laced Soil Harming Food, Health, Survey Shows

    China’s soil is laced with pollutants including mercury and arsenic, according to a nine- year government survey, posing a threat to agriculture and human health and raising new concern about the environmental costs of China’s three decades of economic growth.

  • EU Fund Manager Pay, Speed Trading, Barclays: Compliance

    Fund managers will face tougher European Union pay rules as part of a package of financial- services regulations approved by lawmakers yesterday.

  • CORRECT: Russian Planes ‘Frequently’ Flying Near Japan: Onodera

    Russian military planes have been flying near Japan “frequently,” Defense Minister Itsunori Onodera says at a briefing today in Tokyo today. * “I am aware that Russian aircraft have been flying very frequently over the Japan Sea and the Pacific in the past few days. In general, there are more Russian flights, training and exercises near our country:” Onodera * Onodera says Russian jets have not infringed on Japan’s airspace * “It is not only Japan, but Russia that is paying close attention to the security environment in East Asia, such as U.S.-Korea exercises and events in North Korea:” Onodera * NOTE: Japan’s Air Self-Defense Forces dispatched jets to intercept four Russian planes on April 14, the Ministry of Defense said on its website

  • Western Asset Sees Dollar Debt Buybacks Ahead on Falling Yields

    Chinese property developers with the option to repurchase dollar-denominated bonds later this year may opt to do so amid falling yields, according to Western Asset Management Co.

  • Bank of East Asia Signs RMB E-Payment Pact in Shanghai FTZ

    Bank of East Asia Ltd. said it has signed an agreement with Shanghai Shengpay e-payment Service Co. to provide cross-border electronic payment services. * Bank of East Asia to become first foreign bank to provide cross-border electronic renminbi payment services in Shanghai’s pilot free-trade zone, the company said in a press release today * the pact will enable Bank of East Asia to further develop its international trade payment and cross-border RMB settlement business * China’s banking regulator also recently approved the bank’s Shanghai free-trade zone sub-branch to conduct personal banking business, the release said.

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