Japanese government bonds (JGBs) on Thursday suffered a deep plunge plunged and took yields to their highest level in around a year, after Federal Reserve Chairman Ben Bernanke suggested that the Fed could scale back its bond purchasing program.
Bernanke recently announced that the massive bond purchasing program, which was introduced to stimulate the US economy, could be reduced in the Fed's next few policy meetings in case the economy improves further.
A leading expert in China has said that he expects trade deficit of India with China is expected to grow bigger in the coming future due to some structural issues.
The US-based food website The Daily Meal has released its "101 Best Restaurants in Asia" list. As per which, Din Tai Fung, a Taiwanese eatery, has bagged the top position.
The eatery, which is famous for its dumplings, has been crowned as Asia's best eating joint. Not only this, there are restaurants in Beijing, which have been able to bag the top positions in the list.
Mittu Chandilya has been appointed as the head of operations by the board of Air Asia India on Wednesday. Air Asia's founder Tony Fernandes announced via his official twitter handle that Singapore based Mittu Chandilya as the CEO of the company.
Fernandes tweeted, "The board of Air Asia has appointed Mittu Chandilya as the CEO of the company. Mittu is coming home to change Indian travel and make it affordable for all Indians to fly".
"Whatever else he has done, he has brought football to Asia, to the people, because not many people can afford to go to Old Trafford", said secretary of Malaysia's official supporters club.
After Alex Ferguson announced his retirement as Manchester United manager, his fans have appreciated his role in bringing Premier League football to the region's masses. They were found complimenting Ferguson's consistent visits and his signings of Park Ji-Sung and Shinji Kagawa.
During the campaign rally in Multan, son of former Pakistani Pakistani Prime Minister Yousuf Raza Gilani is said to have got kidnapped. Multan is said to be the hometown of Gilani, revealed sources known to the matter.
It has been found that Ali Haider Gilani's personal secretary was killed and a number of other people have suffered injuries. Not only this, it is said that Ali has been said to be kidnapped at the time when gunfire broke out at the rally.
Credit Suisse Group AG (CSGN) sent an e-mailed statement informing that the organization have appointed Rizal Gozali from Jakarta and Edwin Low from Singapore to co-head its investment banking team of Southeast Asia. The second largest bank of the Switzerland said that the new appointees will be responsible for the coverage of areas including Singapore, Malaysia, Vietnam, Thailand, Indonesia and the Philippines.
As per the monthly report released by Energy Information Administration of US, the output of the oil has been increased by the organization of the Petroleum Exporting Countries which has seen five months high in April, which has gone up by 30.21 million barrels per day. The Energy Information Administration (EIA) predicts that the cost of the oil in the second half of 2013 will be $104 a barrel and $101 a barrel in 2014.
Save the Children, a children's aid agency, has been claiming that in case, one wants to be a mother, Singapore is the best place in Asia. In fact, the place is also the safest for one to be born.
The agency said that all its competitors, including South Korea, Malaysia and Japan were beaten easily by Singapore on these grounds. The region has shown the lowest rate of first-day mortality in Asia.
On Tuesday, the 14th annual State of the World's Mothers report was launched by the agency. The first-ever Birth Day Risk Index was also introduced alongside.
On Monday, it was announced by Adidas, German sports gear maker, that its workers in some of its Asian suppliers' factories were being encouraged to share their complaints directly, anonymously, via text message with the company.