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  • State firms and family conglomerates are Asia’s favourite kinds of companies. Both must change

    May 29, 2014 4:35 PM 48

    ASIA IS A land never conquered by institutional shareholders. Only 28% of the region’s stockmarket consists of firms with diverse owners (see chart 4). Most of these are in Japan, where businesses are controlled by managers and employees who by long-established protocol politely listen to and then ignore what fund managers say. State-run firms make up 40% of Asia’s

  • Political tremors threaten to reshape domestic politics

    May 29, 2014 4:35 PM 30

    FRANCE is reeling from a triple political shock. Within the space of 48 hours, Marine Le Pen’s populist National Front (FN) triumphed at the European elections, the Socialist Party of the president, François Hollande, bombed with their worst-ever national electoral result and the UMP, the main centre-right opposition, lost its leader, Jean-François Copé, in a party-financing

  • North Korea to investigate abductions of Japanese

    May 29, 2014 4:09 PM 29

    Japan will lift the sanctions after it confirms that a committee has been set up and has begun work, Japanese Chief Cabinet Secretary Yoshihide Suga said. It will also consider possible humanitarian aid to North Korea depending on the progress of the investigation, which is expected to start in about three weeks, he said. The sanctions, which are in addition

  • Gisele Bundchen, Ellen DeGeneres, Beyonce Make Forbes 100 Most Powerful Women List

    May 29, 2014 3:29 PM 28

    Politically-tied figureheads like German Chancellor Angela Merkel (No. 1), who has topped the list nine of the past 10 years, former Secretary of State Hillary Clinton (No. 6), and first lady Michelle Obama (No. 8) landed in the Top 10. Tech-savvy businesswomen who have found their names in recent headlines, such as Facebook COO and “Lean In” author

  • Over the past two decades Asia’s companies have enjoyed huge success. But now they need to reform to become brainier, nimbler and more global, says Patrick Foulis

    May 29, 2014 3:00 PM 28

    IN 2012 AMERICA’S intelligence agencies forecast that Asia would soon be carrying more weight in the world than at any time since 1750. By 2030 “Asia will have surpassed North America and Europe combined in terms of global power, based upon GDP, population size, military spending and technological investment,” the spooks predicted. They made it sound

  • North Korea to re-open investigation into abduction of Japanese citizens decades ago

    May 29, 2014 2:52 PM 20

    Japan says North Korea has agreed to re-open an investigation into the fate of Japanese people it kidnapped decades ago. The announcement comes after three days of talks between diplomats of the two countries in Sweden. In return, Japan says it intends to lift sanctions against North Korea and even provide humanitarian aid, depending on the progress

  • Russia clinches economic union with Belarus and Kazakhstan

    May 29, 2014 2:48 PM 22

    Russian President Vladimir Putin on Thursday signed a deal creating an economic union with ex-Soviet states Belarus and Kazakhstan, with Ukraine conspicuously absent after it turned its back on Moscow. “Russia, Belarus and Kazakhstan are going over to a fundamentally new level of cooperation,” Putin said at the signing ceremony in the Kazakh capital

  • Low turnout sours Sisi’s crushing win

    May 29, 2014 2:30 PM 21

    EGYPT’S former military chief has won a crushing victory over his sole opponent with more than 92 per cent of the votes, according to results ­announced by his campaign ­yesterday. With nearly all votes counted, the campaign of retired field marshal Abdel-Fattah el-Sisi yesterday said he had won 23.38 million votes. Left-wing politician Hamdeen Sabahi

  • Japan oil tanker explodes off SW coast; 1 missing

    May 29, 2014 1:52 PM 28

    Japan's coastguard was rushing on May 29 to deal with an explosion and subsequent fire aboard a tanker off the country's coast, officials and the prime minister said. TOKYO — A Japanese oil tanker exploded Thursday off the country's southwest coast near Himeji port, leaving one of the eight people aboard missing, the coast guard said. Four others were severely

  • 4,500 Syrians flee to Turkey in three days

    May 29, 2014 1:51 PM 25

    ALEPPO, Syria: A rising number of air strikes by Syrian regime forces have led to more Syrians fleeing to Turkey - with almost 4,500 crossing the border in last three days through southeastern Cilvegozu border gates. Sixty Syrians who sustained injuries in the attacks in Idlib and Aleppo were brought in over the last three days through the same border