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Asia safe from Europe woes, no China hard landing: FitchSingapore (AFP) May 14, 2012 Asian economies are better shielded from Europe's financial woes than other regions and China is unlikely to undergo a "hard landing" despite recent gloomy data, credit watchdog Fitch said Monday. In a media telephone conference, the US-based firm's head of Asia-Pacific sovereigns Andrew Colquhoun said Asia's limited exposure to European banks would buffer it against financial disruption in the debt-stricken continent. "Asian economies are more dependent on foreign households and consumers buyin ... read more |
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 Wasted milk is a real drain on our resources Big-mouthed babies drove the evolution of giant island snakes 'Modern Portfolio Theory' optimizes conservation practices Ancient sea reptile with gammy jaw suggests dinosaurs got arthritis too UMD Finding May Hold Key to Gaia Theory of Earth as Living Organism Statistical Analysis Projects Future Temperatures In North America Tiny plants could cut costs, shrink environmental footprint Model Forecasts Long-Term Impacts of Forest Land-Use Decisions Wall art from France said world's oldest Amber preserves earliest pollination clue Lee makes 'landmark' visit to Myanmar Report details biodiversity concerns Libya's Belhaj quits military to enter politics EU issues warning to carbon tax rebels China, India | .. |
 China's output growth at near three-year low China said Friday that output growth hit a three-year low in April, adding to pressure on Beijing to ease monetary policy after weak trade data the previous day fuelled fears over the giant economy. ... more | .. |
 Toshiba's profit drops by nearly half to $921 mn Japan's Toshiba said Tuesday that its full-year net profit fell by almost half to $921 million, hit by a strong yen, weak digital product sales, and last year's natural disasters in Japan and Thailand. ... more | .. |
 Outside View: U.S. work force shrinks The U.S. economy added 115,000 jobs in April - much less than expected and not enough to keep up with natural population growth. The unemployment rate fell to 8.1 percent because another 522,000 adults quit looking for work and are no longer counted. ... more | .. |
 Outside View: Modest U.S. jobs growth Forecasters expect the U.S. Labor Department on Friday to report the U.S. economy added 165,000 jobs in April - better than the 120,000 in March but well below the 212,000 pace for the entire first quarter. ... more |
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China and India manufacturing boosts recovery hopes Factory activity picked up pace in Asia with China showing stronger momentum and India also gathering steam, according to business surveys released on Wednesday, buoying recovery hopes in the region. ... more | .. |
 China manufacturing at 13-month high China's manufacturing activity rose in April to a 13-month high, official data showed Tuesday, indicating the world's number two economy may have bottomed out in the second quarter. ... more | .. |
 Immigrants squeak out living as Athens scrap metal mongers Zeeshan locks his supermarket trolley to a tree like others would lock their bicycles: it is a crucial tool for him and other immigrants who comb Athens streets for scrap metal they can sell. ... more | .. |
 Walker's World: France, growth and Europe The French presidential campaign, now in its final week, has taken on a broader meaning as other European countries see France offering a growth-oriented alternative to the German-led politics of austerity that is blamed for deepening the recession. ... more |
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 BoJ eases further as Japan's economy stands still Japan's central bank on Friday announced another round of monetary easing in its latest effort to resuscitate the economy after figures revealed the outlook continued to weaken. ... more | .. |
 Outside View: Economy slowing The U.S. Commerce Department reported the U.S. economy grew at a 2.2 percent annual rate the first quarter of 2012, slower than the 3.0 percent pace registered the previous period. The consensus forecast was 2.5 percent, while my forecast was exactly on mark at 2.2 percent. ... more | .. |
 Spain tightens border in run-up to summit Spain said it is tightening its borders in anticipation of violent anti-austerity protests at the upcoming European Central Bank summit in Barcelona. ... more | .. |
 Outside View: Saving Europe from collapse Governments may soon fall in France and Holland and are quickly losing legitimacy elsewhere in Europe because austerity programs and a common currency risk throwing the continent into an endless recession. ... more |
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 China unveils $10 bn credit line for central, east Europe Chinese Premier Wen Jiabao announced Thursday a $10 billion special credit line for central and eastern Europe to support cooperation projects mainly in the ex-communist region's infrastructure sector. ... more | .. |
 HSBC says to cut 3,167 jobs in Britain HSBC on Thursday said it would cut 3,167 jobs as part of previously announced plans to reduce the bank's global workforce by 30,000 over two years to 2013. ... more | .. |
Commentary: Global house of cards Rumor has it that a new Broadway musical on Washington will soon be in production. It draws on "Jersey Shore" and "The Best Little Whorehouse in Texas," which was based on the real, live "Chicken Ranch in La Grange, Texas." ... more | .. |
China manufacturing activity improves: HSBC China's manufacturing activity improved in April but remained in contraction, HSBC said Monday, bolstering the case for the government to give a boost to the world's number two economy. ... more |
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 Japan enters commercial space race German Astronomers Finish Europe's Largest Solar Telescope On Tenerife Ariane 5 ECA rocket orbits JCSAT-13 and VINASAT-2 Mission accomplished Watching an electron being born New Space Station Crew in Orbit Solar Eclipse this Weekend JPL Invites all Earthlings to Annual Open House Space Systems Loral Provides High Capacity Broadband Satellite to Hughes NASA trains astronauts to land on asteroid Floating robots use GPS-enabled smartphones to track water flow Russia Does Not Rule Out Preemptive Missile Defense Strike American Hypersonic Weapons Are Threat To Russia Says Rogozin Hitting the wrong target with missile-interceptor Russia Repeats Iskander Deployment Threat | .. |
 Microsoft beats expectations despite profit dip Microsoft on Thursday posted net income of $5.11 billion on record-high revenue in the recently ended quarter - a slight dip in profit from a year ago but still beating market expectations. ... more | .. |
China to ease policy as economy slows: Xinhua China will ease monetary policy and boost liquidity in the financial system with a series of measures, state media cited a central bank official as saying, in a bid to avoid a sharp economic slowdown. ... more | .. |
 Lagarde assures IMF able to boost crisis funds IMF head Christine Lagarde said Thursday that the crisis lender would get a significant boost to its intervention capacity this week as worries mounted that Spain might be the next eurozone country to seek a rescue. ... more | .. |
Wen says China to 'firmly support' efforts to maintain euro China will firmly support efforts to maintain the stability of the euro and the European economy, Premier Wen Jiabao told German Chancellor Angela Merkel Wednesday, state media said. ... more |
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 China home prices fall in most cities in March New home prices in two-thirds of China's major cities fell in March, the government said Wednesday, as officials maintain policies to curb the property market. ... more | .. |
IMF raises global growth forecast to 3.5% The International Monetary Fund on Tuesday slightly hiked its global growth forecasts for this year and 2013, but warned that Europe's debt crisis and high oil prices could derail recovery. ... more | .. |
Resilient Asia to weather global storms, says IMF Asia's growth prospects have dimmed but the region will avoid a hard landing in 2012 thanks to strong domestic demand and monetary flexibility, the IMF said in a report Tuesday. ... more | .. |
China's Q1 growth slowest in nearly three years China said Friday its economy grew by 8.1 percent in the first three months of 2012, its slowest pace in nearly three years, but analysts forecast a pick-up in the second half of 2012. ... more |
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