East Asia News
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Sumitomo Mitsui Financial Group Inc. agreed to buy 40 percent of Indonesia’s PT Bank Tabungan Pensiunan Nasional for about $1.5 billion, the Japanese lender’s biggest purchase of a foreign financial firm.
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The Chinese military has targeted U.S. government computers with intrusions that seek sensitive data, according to a report in which the Pentagon for the first time directly accuses China of a cyber espionage campaign.
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Malaysia’s ringgit rallied the most since 2010 and stocks rose to a record after Prime Minister Najib Razak won a clear majority in the election, giving him a mandate to continue his economic reforms.
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Visiting China in 1928, when a rising Japan had begun to prey on its neighbor, the Japanese poet Akiko Yosano took a surprisingly broad-minded view of anti-Japanese passion among the Chinese: “It’s surely frightful from the imperialists’ point of view,” she wrote in her travelogue, “but for the Chinese people it must be celebrated in the name of humanity.”
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The accomplishments of the first 100 days in office are a favorite benchmark for democratic leaders. It’s thought to offer a preview of his or her worldview, ambition and political fortune.
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Richard Branson’s Virgin Galactic space venture successfully conducted its first rocket-powered flight this week and may carry out a trial voyage into space by the end of the year. More than 500 “space tourists” have already signed up for the first commercial flight.
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Not so long ago, if you believe what you read in the papers and see on TV, Mexico was the next Afghanistan. It was poor, lawless, and plagued by drug violence, a failed-state-in-the-making whose problems and people would soon cascade over the border.
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Deep inside a high-security laboratory an hour from Melbourne, scientists working behind air-locked doors inject six-week-old chickens with a virus that has killed one in five people it’s known to have infected.
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Defense officials from Japan and China will meet today in Beijing, signaling Asia’s two biggest economies are trying to soothe rising tensions over East China Sea islands claimed by both.
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The Philippine central bank is reviewing property loans data to determine whether cooling measures are needed to avert a bubble, Deputy Governor Nestor Espenilla said in an interview.
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