Benjie Batanes
China Must Implement Much Needed Reforms – World Bank
| Benjie Batanes | | Jul 01, 2015 06:49 AM EDT |
Chinese authorities must implement some major changes in the way the economy is run, a World Bank report said on Wednesday.
Indonesia's Hercules Plane Crash Claim Lives of Entire Crew, Passengers
| Benjie Batanes | | Jun 30, 2015 11:29 AM EDT |
An Indonesian Hercules transport plane crashed in a residential area in Medan City on Tuesday which has resuted in the death of all passengers and crew.
Australian Prisoners Riot Over the Right to Smoke
| Benjie Batanes | | Jun 30, 2015 09:51 AM EDT |
Australian prisoners at a detention center outside the City of Melbourne started a riot on Monday to oppose the implementation of a smoking ban on prisoners.
London's Trade of Yuan Doubles to Strengthen China's Bid for Inclusion in IMF Reserve Basket
| Benjie Batanes | | Jun 30, 2015 07:25 AM EDT |
The International Monetary Fund (IMF) is considering the idea of adding the Yuan to its basket as London City reports that international trade with the Chinese currency has doubled in 2014.
Chinese Stocks Falls Further Despite Another Cut on Interest Rates
| Benjie Batanes | | Jun 29, 2015 11:32 AM EDT |
Monday's trade of Chinese stocks resulted in a loss in the Shanghai stock market as many investors tried to liquidate their investments despite the latest cuts on interest rates by the central bank.
Chinese Central Bank Lowers Reserve Ratio and Interest Rates To Encourage Lending
| Benjie Batanes | | Jun 29, 2015 08:12 AM EDT |
The Central Bank of China have lowered the amount of cash reserves that banks are mandated to hold as well as their interest rates. Central bank officials explained that the latest move is intended to help firms in the country obtain affordable loans for their operations.
Pro-Democracy Legislator Says Beijing Will Take Action Over Whatsapp Messages Leak
| Benjie Batanes | | Jun 29, 2015 05:53 AM EDT |
A Hong Kong pro-democracy legislator told the media on Sunday to expect some form of repercussions from Beijing due to the leaking of messages from his pro-Beijing colleagues. The leaked messages were published by a local newspaper.
Prime Minister Li Keqiang Visits Brussels to Meet European Union Leaders
| Benjie Batanes | | Jun 29, 2015 05:23 AM EDT |
Chinese Prime Minister Li Keqiang is currently in Europe to meet with European Union (EU) leaders and discuss trade, investment, environment and other pressing international issues. The premier and his party arrived in Brussels on Sunday, according to Asia One.
China Issues Report on Human Rights Violation by the United States
| Benjie Batanes | | Jun 26, 2015 07:04 PM EDT |
China's State Council Information Office on Friday issued a list of human rights violations committed by the United States government. The annual report is intended to counter US allegations of human rights abuses in China.
McDonald's to Sell Taiwan Outlets in Favor of Franchising
| Benjie Batanes | | Jun 26, 2015 08:02 AM EDT |
McDonald's announced on Wednesday that it will sell all of its outlets in Taiwan. The fast-food chain noted that the move is meant to streamline its overseas operation and McDonald's has no intention of leaving the Taiwan market.
South Korea Announces $13.5 Billion Stimulus to Combat Economic Effects of MERS
| Benjie Batanes | | Jun 26, 2015 04:47 AM EDT |
South Korea's finance ministry announced on Thursday that it will release 15 trillion Won (roughly $13.5 billion) to counteract the adverse effect on the economy brought by the MERS virus in the country, Wall Street Journal reported.
China Set Sight on First Electric Propulsion Satellite Launch in 2020
| Benjie Batanes | | Jun 17, 2015 12:04 PM EDT |
A Chinese satellite engineer has announced the county's plan to have its first satellite launch using electric propulsion by the year 2020.
China, South Korea Demand Apology for WWII Crimes After Japan's PM Shinzo Abe Pledges ‘No More War’
| Benjie Batanes | | Jun 17, 2015 10:06 AM EDT |
The Prime Minister of Japan Shinzo Abe has pledged that his country will no longer resort to war during an interview on Monday, June 15. However, China and South Korea want Abe to specifically express his country's remorse with regards to the atrocities Japan committed during the Second World War.
Chinese Investors Demand Payment from Swiss Companies Who Scammed Them of Over $1.2 Billion
| Benjie Batanes | | Jun 17, 2015 07:49 AM EDT |
Two Swiss companies allegedly hoodwinked thousands of Chinese investors in Mainland China and Hongkong by running away with more than $1.2 Billion of their money last January.
Doctor Who Conducted Mice Head Transplant – Now Ready for Monkeys
| Benjie Batanes | | Jun 16, 2015 09:55 PM EDT |
A Chinese doctor who conducted numerous head transplant operations on mice announced that his team will soon start the same experiment on Monkeys starting this summer.
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