Asia stocks up after successful Europe bond issue

Asian stock markets rose Friday, driven higher by a successful bond issue inEurope that eased worries over the continent’s sovereign debt crisis. Benchmark oil rose to nearly $100 per barrel and the dollar fell against the euro but was steady against the yen. Japan’s Nikkei 225 index gained 1.1 percent to 8,479.24 and South Korea’s Kospi index edged up 0.2 percent at 1,867.17. Australia’s S&P ASX 200 was 0.4... [more]

Iran embargo gathers support in Asia, Europe

U.S. allies in Asia and Europe voiced support for Washington’s drive to cut Iran’s oil exports, although fear of self-inflicted pain is curbing enthusiasm for an embargo thatTehran says will not halt its nuclear program. The speaker of Iran’s parliament, Ali Larijani, said on Thursday that the nuclear program was also too strong to be derailed by assassinations of nuclear scientists, a day after the fourth such killing. As... [more]

NKorea test-fired short-range missiles

North Korea fired three short-range missiles this week in an apparent routine test of its technology, a South Korean official said Friday. The North fired the KN-02 missiles, which are usually deployed against ground targets and have a range of about 75 miles (120 kilometers), into its eastern waters on Wednesday, a Defense Ministry official said, speaking on condition of anonymity because of ministry policy. Japan’s Sankei Shimbun... [more]

Qantas, SIA say no risk after cracks found in A380s

Australian carrier Qantas and Singapore Airlines Friday reassured passengers there was no risk to safety after cracks were found on the wings of several A380 superjumbos, including some in their fleets. Airbus revealed Thursday that “minor cracks” had been found on some jets, but the European planemaker said they posed no safety problem and recommended a way they could be fixed. Qantas said the cracks had been found on one of... [more]

Chinese Billionaire Dies After Eating Poisoned Cat Meat Stew

A Chinese billionaire is dead after apparently ingesting some slow-boiled cat meat stew — though it wasn’t the cat meat that killed him. Police in southern China have detained a local official on suspicionof poisoning the stew at the restaurant where the two were eating in Guangdong province on Dec. 23. Agriculture official Huang Guang, billionaire Long Liyuan and a third diner were sharing a cat meat hot pot — a local delicacy... [more]

Man to undergo surgery on 1m tumour

A MAN who has a 90kg tumour on his leg will today undergo surgery on the massive growth. Dr McKay McKinnon, who has successfully treated similar tumour cases, is scheduled to operate on Vietnamese man Nguyen Duy Hai today. The operation has a 50 per cent success rate. “It’s common for people to fear death, and I’m no exception. But when I heard that Dr McKinnon had decided to come back to Vietnam one more time to give me a new... [more]

South Korea to set up fund to prepare for North Korea unification

SOUTH Korea said it would set up a fund this year to prepare for eventual reunification with North Korea, as the death of the North’s longtime leader Kim Jong-Il refocused attention on the issue. The unification ministry, which handles cross-border relations, said one of its policy priorities this year was practical preparations for reunification including the fund. In a policy document it also vowed actively to engage in “reunification... [more]

China airlines refuse to pay EU carbon charge

Chinese airlines will not pay a charge on carbon emissions imposed by the European Union from January 1, a national aviation industry group said Thursday. The cap-and-trade scheme, which has angered the US and Chinese governments and airlines worldwide, came into force on Sunday after the European Union’s highest court rejected a challenge brought by US carriers last month. “China, of course, will not cooperate with the... [more]

Mikhail Prokhorov compares himself to Vladimir Putin

The businessman has published his presidential pre-election program. Mikhail Prokhorov has become the first presidential candidate to publish his pre-election program. It is entitled “The Present and the Future”. In it, he compares his views with the policies conducted by Vladimir Putin, promising radical changes and reassessment of the relationship between the people and the government. The candidate calls on voters not to wait for... [more]

Sudden reunification could be trouble for Seoul

A single, reunified Korea has long been a cherished dream of people on both sides of the world’s most heavily fortified border. South Korea even has a Cabinet-level ministry preparing for the day. And while Kim Jong Il’s death last month has raised those hopes higher among some in Seoul, few are eager to talk about the cold reality: Sudden reunification could be traumatic for both countries. Any North Korean collapse and... [more]

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