• Anti-junta Myanmar journalist Win Tin dies at 85

    Associated Press - 1 hour 52 minutes ago

    YANGON, Myanmar (AP) — Win Tin, a prominent journalist who became Myanmar's longest-serving political prisoner after challenging military rule by co-founding the National League for Democracy, died Monday, He was 85. More »Anti-junta Myanmar journalist Win Tin dies at 85

  • China allows gold imports via Beijing, sources say, amid reserves buying talk

    Reuters - 1 hour 53 minutes ago

    By A. Ananthalakshmi SINGAPORE (Reuters) - China has begun allowing gold imports through its capital Beijing, sources familiar with the matter said, in a move that would help keep purchases by the world's top bullion buyer discreet at a time when it might be boosting official reserves. The opening of a third import point after Shenzhen and Shanghai could also threaten Hong Kong's pole position in China's gold trade, as the mainland can get more of the metal it wants directly rather than through a route that discloses how much it is buying. China does not release any trade data on gold. The only way bullion markets can get a sense of Chinese purchases is from the monthly release of export data by Hong Kong, which last year supplied $53 billion worth of gold to the mainland. More »China allows gold imports via Beijing, sources say, amid reserves buying talk

  • Major events in China's latest IPO reforms and setbacks

    Reuters - 1 hour 56 minutes ago

    China resumed initial public offerings in January after a 14-month suspension, with 45 firms floating shares and raising a combined 32.1 billion yuan ($5.3 billion) in the month. To support the resumption, the China Securities Regulatory Commission (CSRC) launched a slew of reforms in November but has been forced to pull back some and add new restrictions so as to curb irregularities, leading to dozens of firms postponing IPOs, although some have later re-launched IPOs after adjustments. Here are the major events and setbacks for IPO reforms. 2013 Nov 30 - The CSRC announces a slew of IPO reforms to boost the market to pave the way for IPO resumption in January, saying about 50 firms to be listed in the month. More »Major events in China's latest IPO reforms and setbacks

  • China IPO promised land turns to desert as regulator review stokes confusion

    Reuters - 1 hour 59 minutes ago

    By Natalie Thomas and Pete Sweeney SHANGHAI (Reuters) - Dozens of Chinese companies have abandoned plans to list in the mainland this year, as confusion reigns among executives, bankers and investors over an opaque regulatory review that's clouding what was touted as a banner year for new stock debuts. As China Securities Regulatory Commission (CSRC) orders underwriters to update application materials once again, there have been no new China listing applications published for the past eight weeks. Sources at investment banks say many firms that once planned initial public offerings have given up as they wait for the CSRC to explain exactly what its listing requirements will be after publishing 16 different sets of guidelines in the last six months. With little visibility on how the CSRC will proceed, or which companies might be approved to list, the next IPO isn't likely before the start of May at the earliest. More »China IPO promised land turns to desert as regulator review stokes confusion

  • Golf Capsules

    Associated Press - 2 hours 0 minutes ago

    HILTON HEAD ISLAND, South Carolina (AP) — Matt Kuchar overcame a four-stroke deficit to finally finish on top, his stunning chip-in on the 18th hole giving him a 64 and a victory at the RBC Heritage on Sunday. More »Golf Capsules

  • Paris Hilton flashes flesh at fest

    IANS India Private Limited/Yahoo India News - 2 hours 1 minute ago

    Los Angeles, April 21 (IANS) Socialite Paris Hilton chose to slip into revealing outfit for Coachella Valley Music and Arts Festival here. More »Paris Hilton flashes flesh at fest

  • A tough sell: insurance against a China financial crisis

    Reuters - 2 hours 4 minutes ago

    By Vidya Ranganathan SINGAPORE (Reuters) - Selling insurance against a financial crisis should not be difficult, five years after the last one nearly wrecked the global economy. But when it comes to China, the world's second-largest economy, the probability of a full-blown crisis is apparently so remote that hardly anyone will buy an insurance policy against it, no matter how cheap. Financial wizards have been trying to sell peace of mind to investors in China for years, but fewer and fewer of those investors are interested, despite some worrying headlines. In the past few months alone, China has seen its first domestic bond default, a small bank run, its weakest export performance since the global financial crisis, a marked slowdown in its property market and a rise in labour unrest. More »A tough sell: insurance against a China financial crisis

  • Top Asian News at 2:30 a.m. GMT

    Associated Press - 2 hours 8 minutes ago

    JINDO, South Korea (AP) — Divers continued the grim work of recovering bodies from inside a sunken South Korean ferry Monday, securing a new entryway into the wreck, as a newly released transcript showed the ship was crippled by confusion and indecision well after it began listing. The transcript suggests that the chaos may have added to a death toll that could eventually exceed 300. Many people followed the captain's initial order to stay below deck, where it is feared they remain trapped. Sixty-four bodies have been recovered, and about 240 people are still missing. The ferry sank with 476 people on board, many of them students from a single high school. More »Top Asian News at 2:30 a.m. GMT

  • Gold inches up as Ukraine tensions stoke safe-haven buying

    Reuters - 2 hours 9 minutes ago

    Gold edged higher on Monday as heightened tensions in Ukraine sparked some safe-haven buying, but fund outflows and weak physical demand continued to cloud the metal's outlook. FUNDAMENTALS Spot gold had gained 0.5 percent to $1,300.21 an ounce by 0026 GMT. SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 3.29 tonnes to 795.14 tonnes on Thursday. Merger talks between Barrick Gold Corp and Newmont Mining Corp, the world's top two gold producers, broke down in the past few days, the Wall Street Journal reported, citing unnamed sources. More »Gold inches up as Ukraine tensions stoke safe-haven buying

  • Malaysia, Flight 370 relatives talk financial help

    Associated Press - 2 hours 9 minutes ago

    PERTH, Australia (AP) — As the search continued off the coast of Australia for the missing Malaysia Airlines jet, the airline announced another plane bound for India was forced to make an emergency landing early Monday after one of its tires burst on takeoff. More »Malaysia, Flight 370 relatives talk financial help

  • Asian stocks subdued in holiday thin trade

    Reuters - 2 hours 12 minutes ago

    By Shinichi Saoshiro TOKYO (Reuters) - Asian stock markets started the week on a subdued note on Monday, as tensions in Ukraine kept investors cautious amid the absence of catalysts as several markets remained closed for Easter holiday. MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.1 percent. Japan's Nikkei stock average, one of the few major stock markets that traded on Friday, edged up 0.5 percent. Global markets have been buffeted in recent weeks by tensions in Ukraine, signs of slowing growth in China and uncertainty over when the U.S. Federal Reserve would start to tighten interest rates. More »Asian stocks subdued in holiday thin trade

  • Discovery network cancels Everest jump

    Associated Press - 2 hours 21 minutes ago

    NEW YORK (AP) — The Discovery Network is canceling a daredevil's planned jump off the summit of Mount Everest in a wing suit next month following the avalanche that killed at least 13 people on Friday. More »Discovery network cancels Everest jump

  • Fortune finally smiles at Matt Kuchar: Amazing chip-in on 18 wins RBC Heritage

    Yahoo Sports - 2 hours 30 minutes ago

    After some hard-luck finishes, Matt Kuchar holed out to win in South Carolina. More »Fortune finally smiles at Matt Kuchar: Amazing chip-in on 18 wins RBC Heritage

  • Razmig Hovaghimian: from failed pizza maker to founder of Viki

    Tech in Asia - 2 hours 32 minutes ago

    Razmig Hovaghimian, the co-founder and CEO of Viki who sold his startup to ecommerce giant Rakuten on September 2013, has quite a story to tell. More »Razmig Hovaghimian: from failed pizza maker to founder of Viki

  • 13 dead in China mine gas blast

    IANS India Private Limited/Yahoo India News - 2 hours 33 minutes ago

    Beijing, April 21 (IANS) Thirteen people were confirmed dead in a coal mine gas explosion in China's Yunnan province early Monday, authorities said. A total of 56 people were working in the pit, of whom 42 escaped without injuries and 14 were trapped. More »13 dead in China mine gas blast

  • Ukraine criticises Russia for gun attack

    IANS India Private Limited/Yahoo India News - 2 hours 33 minutes ago

    Kiev, April 21 (IANS) Russia should be responsible for a fatal shootout between unidentified gunmen and pro-Moscow activists in the eastern Ukrainian town of Slavyansk, authorities said Sunday. "Armed lawbreakers and saboteurs who are terrorising the local population around Slavyansk ... have turned to cynical provocation," Xinhua quoted the Ukrainian Security Service as saying in a statement. Describing the incident as a "staged attack," the statement said no group was present "other than the saboteurs and crime figures, supported and armed by officers of Russia's GRU (military intelligence)". Meanwhile, the Right Sector, a Ukrainian nationalist group blamed by Moscow and pro-Russia activists for the shooting, denied involvement and also accused Russia's special forces of staging the attack. More »Ukraine criticises Russia for gun attack

  • Japanese PM makes offering at Yasukuni shrine

    IANS India Private Limited/Yahoo India News - 2 hours 33 minutes ago

    Tokyo, April 21 (IANS) Japanese Prime Minister Shinzo Abe made an offering to the notorious war-linked Yasukuni Shrine Monday during its three-day spring festival. More »Japanese PM makes offering at Yasukuni shrine

  • South Korean ferry toll rises to 64

    IANS India Private Limited/Yahoo India News - 2 hours 33 minutes ago

    Jindo (South Korea), April 21 (IANS) The toll in the South Korean ferry sinking reached 64 Monday, as divers kept entering inside the hull of the submerged vessel while ships were scouring the waters, Xinhua reported. More »South Korean ferry toll rises to 64

  • Eight skydivers killed in Finland plane crash

    IANS India Private Limited/Yahoo India News - 2 hours 33 minutes ago

    Helsinki, April 21 (IANS) Eight people were killed in Finland's Satakunta region when a small plane carrying 10 skydivers crashed Sunday. More »Eight skydivers killed in Finland plane crash

  • Japan logs record $134B trade deficit in FY 2013

    Associated Press - 2 hours 34 minutes ago

    Japan's trade deficit surged nearly 70 percent to a record 13.75 trillion yen ($134 billion) in the last fiscal year, the third straight year of deficit, as exports failed to keep pace with surging energy ... More »Japan logs record $134B trade deficit in FY 2013

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