Air China profit falls as weaker yuan hits costs

The state-owned carrier reported late Tuesday that profit fell to 474.4 million yuan (USD77 million) for the January-June period from 1.1 billion yuan last year. Revenue rose 7 percent to 49

Malaysia Airlines set for shakeup after disasters

Malaysia is preparing to unveil the latest overhaul of its beleaguered state-owned airline, which is reeling from twin disasters months apart that killed hundreds of passengers. Khazanah Nasional, the state investment

Corporate Bits | Hung Fook Tong achieves encouraging growth in first set of interim results

The Group’s total revenue increased by 24.4% to approximately HKD364.9 million compared to the corresponding period in 2013. Gross profit was up 25.3%, reaching HK$220.6 million, while gross profit margin

Beijing, Vietnam say they’ll negotiate sea disputes 

China and Vietnam said yesterday they’re committed to negotiating maritime disputes to avoid a recurrence of tensions that spiked when China deployed an oil rig in waters claimed by Hanoi. The statement followed talks

Bus-truck collision death toll rises to 15

The casualty figure rose overnight after two bus passengers died from their injuries, according to a statement from the Guazhou county government in Gansu province. It said another of the

Fonterra to invest in mainland infant formula company 

Fonterra, the world’s largest dairy exporter, said it plans to take a stake of up to 20 percent in Beingmate, an infant food company based in Hangzhou. Fonterra said the two

Military training brawl spurs online outrage

The situation escalated at Huangcang Middle School in Longshan County, Hunan Province, where a total of 42 people, including 40 students, were hurt in a fight that occurred around 4:30 p.m.

TAIWAN | Fighters chase mainland jets a week after US incident

Taiwan sent fighter jets to tail two Chinese military planes that entered the island’s air space, a week after a close encounter between a U.S. and Chinese jet. “We responded immediately,

HERITAGE PROTECTION | Asia’s old communities vanishing amid rapid growth 

Century-old shop houses, twisting alleyways and temples scented with incense still pulsate with the pursuit of old trades and time-honored rituals of families who have lived in Bangkok’s Chinatown for

JAPAN | Abe sends prayer note to war criminal ceremony

Japanese Prime Minister Shinzo Abe sent a note earlier this year to a ceremony at a Buddhist temple honoring hundreds of World War II-era war criminals praising their contributions to

AFGHANISTAN | Presidential candidate pulls out of election audit

One of two men vying to become the president of Afghanistan, Abdullah Abdullah, pulled his observers yesterday from an audit of the country’s disputed election over concerns of widespread fraud in

VIETNAM| US criticizes convictions of dissidents 

The United States has expressed alarm over prison terms handed down against three Vietnamese democracy activists for obstructing traffic. Human rights groups have described the charges used to convict Bui Thi

SYRIA | UN panel: Crimes against humanity committed

The Syrian government has likely used chlorine gas to attack civilians while the Islamic State group has committed crimes against humanity with attacks on civilians in two provinces in the

US citizen killed fighting beside Islamic extremists in Syria

The U.S. said an American citizen was killed while fighting alongside Islamic extremists in Syria, highlighting concerns that foreign combatants involved in the conflict pose an increasing global threat. Douglas McAuthur

UKRAINE | Putin says summit positive as talks begin

Russian President Vladimir Putin said talks with his Ukrainian counterpart on ending separatist fighting that’s killed more than 2,000 people were “positive” as the parties began discussions on a political

GAZA CRISIS | Ceasefire holds as sides weigh gains 

An open-ended ceasefire between Israel and Palestinian militants in the Gaza Strip was holding yesterday, as many people on both sides of the conflict wondered what was gained during 50

FRANCE | IMF chief Lagarde under investigation for negligence

Christine Lagarde, the chief of the International Monetary Fund, was placed yesterday under official investigation for negligence in a French corruption probe that dates back to her days as France’s finance

this day in history: 1963 King’s dream for racial harmony

Reverend King was greeted with rapturous applause as he delivered his heart-felt words to a 250,000-strong crowd of civil rights protesters at the Lincoln Memorial in Washington DC. He spoke of

Offbeat | Swedish city plays ‘Schindler’s List’ to Nazis

Neo-Nazis rallying in the Swedish city of Norrkoping have been greeted by the theme song from “Schindler’s List” ringing from the bells of city hall. Local government spokesman Ulf Mossberg said

FOOTBALL | EPL Serious questions for United after cup humiliation

Louis van Gaal has always said it could get worse before it gets better at Manchester United. He couldn’t have thought it would get this bad. Barely two months ago,

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