Mobius says China stocks face 20 pct drop after rising too fast

Mark Mobius says Chinese stocks have risen too fast after a world-beating rally sent the benchmark equity gauge to its highest level in seven years. A 20 percent retreat is “very

Shell to buy BG Group in USD69.7b takeover

Consolidations through takeovers and mergers are among the ways energy companies are seeking to reduce costs and become more efficient as oil prices have slumped. A joint statement said the boards

Corporate Bits | Macao Water awarded for corporate responsibility

Invited by Chinawater.net, Macao Water participated in the Thirteenth Water Industry Strategy Forum 2015, held in Beijing earlier this year. The Forum 2015 provided a platform for participants to discuss

Cape Verde’s economy growing

Cape Verde’s domestic demand indicator, after a slowdown in late 2014, showed a slightly faster pace of growth in the first two months of the year, mainly determined by changes

Mozambique | Special Economic Zone of Nacala receives new projects

The Office for Economic Areas with Accelerated Development (Gazeda) of Mozambique in 2014 reviewed and approved, through its Northern Regional Office, 27 new investment projects, Mozambican daily newspaper Notícias reported. The

Taiwan | President Ma says China relations unshaken by protests 

Taiwan’s president said yesterday that relations with political rival China were moving forward despite widespread public opposition that crested with an occupation of parliament last year, and that he hopes to cooperate

Tigers & Flies | Court sentences former mayor to 15 years for graft

A former mayor of the major eastern Chinese city of Nanjing has been sentenced to 15 years in prison on corruption charges as President Xi Jinping’s anti-graft crackdown continues to

World Bank: AIIB ‘potential ally’ in poverty fight 

The head of the World Bank said Tuesday he will do everything he can to work with a new Chinese-led Asian infrastructure bank opposed by Washington. World Bank Group President Jim

Australia approves engineering firm sale to Chinese company 

The Australian government yesterday approved the sale of one of the nation’s largest construction companies, John Holland Group Pty. Ltd., to state-owned giant China Communications Construction Company International Holding Ltd. Treasurer Joe Hockey

Japan | US defense chief seeks deeper ties in first Asia visit

The first revision of the U.S.-Japan Defense Guidelines in 17 years will “transform” the bilateral alliance, U.S. Defense Secretary Ash Carter said yesterday. The guidelines, expected to be formally approved in about three weeks,

Poll | Americans divided over Japan’s military role in Asia 

  Seventy years after the U.S. defeated Japan in World War II, Americans are divided over Japan playing a more active military role in Asia — and most Japanese are opposed. The

US Study reveals | Hundreds of NKorea missiles threaten Asia 

Nuclear-armed North Korea already has hundreds of ballistic missiles that can target its neighbors in Northeast Asia but will need foreign technology to upgrade its arsenal and pose a more

Filipino family appeals to Indonesia to save convicted maid 

Family members of a Filipino maid facing the death penalty after being convicted of drug trafficking in Indonesia made a last-minute appeal yesterday for clemency to the country’s president. The parents,

Nepal | Opposition cuts short crippling general strike

Life returned to normal in Nepal yesterday after an opposition alliance cut short a crippling general strike over an impasse about how to approve the Himalayan nation’s constitution. Schools and markets opened and

USA | Fewer White House state dinner invites under Obama 

An invitation to a White House state dinner has always been one of Washington’s most sought-after tickets. There’s the elegant setting, VIP guests in tuxedos and designer gowns and a

Officials: No link to terrorism in Washington power outages

Widespread power outages affected the White House, the Capitol, museums, train stations and other sites across Washington and its suburbs yesterday (Macau time) — all because of an explosion at a power plant in

Yemen | 560 dead amid fears of humanitarian collapse

As tons of desperately needed medical supplies await clearance to be flown into Yemen, aid workers warned yesterday of an unfolding humanitarian crisis, saying at least 560 people, including dozens

Mexico | Ambush that killed 15 police a rarity 

An ambush that killed 15 state police officers in western Mexico appears to be a drug cartel’s revenge attack and could herald a military-style offensive against government authorities. The assault on

This Day in History: 1976 Young Liberal leader cleared of robbery

Supporters in the public gallery at the Old Bailey in London clapped and cheered as the verdict was announced. The case is certain to raise new doubts about the validity of

Offbeat: Selena’s estate sues record label over digital royalties 

The lawsuit was filed by Selena Quintanilla’s estate against UMG Recordings in U.S. District Court in New York on March 31, the 20th anniversary of the singer’s death. UMG declined

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