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Asia-Pacific millionaires worth more than Europeans: studySingapore (AFP) June 23, 2010 Asia-Pacific millionaires are collectively worth more than their European counterparts for the first time, with the rich in China and India leading the way, a study said Wednesday. More millionaires are expected to be minted in a region that has produced some of the world's richest people, including Hong Kong's Li Ka-shing and India's Mukesh Ambani, as Asia leads the recovery from the global recession. The report on high-net worth individuals (HNWIs) - defined as anyone with investible assets o ... read more |
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Asian states airlift nationals from Kyrgyzstan
Beijing (AFP) June 15, 2010Governments across Asia were evacuating their nationals from Kyrgyzstan on Tuesday after days of deadly ethnic clashes in the central Asian nation. China, India, Pakistan and South Korea all organised flights to rescue citizens living and working in the troubled south of the country after violence that has left 170 people dead. Two charter flights carrying 195 Chinese citizens landed ear ... more EADS plans defense development in India
Berlin (UPI) Jun 15, 2010 Moving to expand its presence in India, the European Aeronautic Defense and Space Co. is set to enlarge its footprint in the market transferring some development projects of its advanced air craft. The Hindu newspaper said the defense company was poised to develop a center of competence in India that would eventually be integrated "as a supplier of the product developed there for its Eu ... more Pakistan gets F-16s on stiff conditions
Islamabad, Pakistan (UPI) Jun 15, 2010 Days after the United States and India concluded what was billed a strategic dialogue, a senior U.S. State Department official said Washington would press ahead with plans to supply Pakistan with combat aircraft. Assistant Secretary of State for South and Central Asia Robert Blake said the move was intended to intensify joint efforts to crack down on militants acting with impunity along ... more |
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Bolivia iron ore project stalledLa Paz, Bolivia (UPI) Jun 15, 2010 Bolivia's plans to exploit its iron ore reserves in a test run for similar deals on lithium, uranium and other minerals are stalled because of a complex dispute with Indian investors and steelmakers. President Evo Morales wrote tough protective provisions into Bolivia's new constitution to ensure foreign entrepreneurs vying for the country's mineral wealth don't acquire unfair advantage over underdeveloped resources. Viewed against Bolivia's historical experience with foreigners, the con ... read more |
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