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| WSJ.com: What's News Asia |
| Bo's Ties to Army Alarmed Beijing Thu, 17 May 2012 07:05:10 EDT Bo Xilai's ties to the military and his irregular use of his police forces are now key elements of the investigation at the heart of China's worst political crisis in more than two decades. |
| U.S. Hits a Demographic Milestone Thu, 17 May 2012 07:03:47 EDT For the first time in U.S. history, whites of European ancestry account for less than half of newborn children, marking a demographic tipping point that is already changing the nation's politics, economy and workforce. |
| Apple Moves to Larger iPhone Screens Thu, 17 May 2012 07:06:04 EDT Apple is likely to increase the screen size on its coming iPhone. The company is asking Asian suppliers to make screens measuring at least 4 inches diagonally. The current iPhone has a 3.5-inch display. |
| White House Eyes Tougher Bank Rules Thu, 17 May 2012 06:47:25 EDT In the wake of losses at J.P. Morgan, the White House is seeking to ensure a tough interpretation of a regulation designed to prevent banks from making bets with their own money. |
| Experts Try Charting the Path for a Euro Exit Thu, 17 May 2012 07:31:25 EDT Returning to a national currency after more than a decade of using the euro and having its money managed by the ECB would catapult Greece into a financial, legal and political no-man's land. |
| From 'Caveman' to 'Whale' Thu, 17 May 2012 03:27:35 EDT Bruno Iksil wagered large, and won, in bets last year against a group of junk-bond-rated companies. His trades soured this year, losing the Wall Street bank more than $2 billion. |
| Facebook IPO: Insiders Cashing Out Thu, 17 May 2012 07:11:55 EDT Some of Facebook's biggest holders are selling up to $3.8 billion in extra shares in Friday's IPO, in some cases at Facebook's request. Goldman Sachs and Tiger Global will now sell as much as 50% of their stakes. |
| Fall in Chinese Loans Poses Threat Thu, 17 May 2012 06:54:27 EDT When growth in China's economy slows, government leaders typically call on state-owned banks to make loans to rev up activity. But that tactic may not work this time. |
| U.S. Stock Futures Inch Up Thu, 17 May 2012 07:09:19 EDT U.S. stocks nudged slightly higher before the opening bell and were poised to end their recent losing streak after the Fed indicated that additional monetary easing could be on the way. |
| Sears Swings to Profit on Asset Sales Thu, 17 May 2012 06:49:48 EDT Sears Holdings swung to a profit in its fiscal first quarter on a boost from shedding some real estate, as it revealed plans to trim its stake in Sears Canada. |
| HSBC Assures Investors on Profitability Thu, 17 May 2012 06:55:00 EDT HSBC said it expects to hit the top end of its $2.5 billion to $3.5 billion cost-savings target by the end of 2013. |
| Asia Markets Finish Mixed Thu, 17 May 2012 06:59:23 EDT Asian markets ended mixed, stabilizing after the previous day's heavy selling as worries over Europe subsided for the moment; the Shanghai Composite gained 1.4%. |
| Japan GDP Growth Accelerates Thu, 17 May 2012 06:24:34 EDT Japan's economy grew an annualized 4.1% in the quarter ended in March, as resurgent domestic demand and government spending helped fuel recovery from last year's natural disasters and supply disruptions that depressed growth. |
| Asia's Lighter Taxes Provide a Lure Thu, 17 May 2012 06:28:36 EDT The decision of Facebook co-founder Eduardo Saverin to renounce his U.S. citizenship has put a spotlight on Singapore and Hong Kong, financial hubs with some of the lowest tax rates in the world. |
| Hedge-Fund Stars Make Stocks Move Wed, 16 May 2012 19:49:27 EDT David Einhorn, Jeff Gundlach and other prominent hedge-fund managers took center stage at a conference to share their investment ideas—and they affected the stock prices of several companies. |
| 3i Names CEO, Seeks Turnaround Thu, 17 May 2012 06:41:23 EDT 3i Group said it has appointed Simon Borrows as its new chief executive officer, a widely expected move that many in the market hope will act as a trigger to reverse the company's falling share price. |
| Prospects for European Banks Once Again Darken Thu, 17 May 2012 03:12:32 EDT Until recently, European banks were basking in the glow of the cheap loans dished out by the European Central Bank. Now it is back to reality. |
| Google Tweaks Rankings, Hurting Firms Wed, 16 May 2012 23:04:36 EDT Google changed its search algorithm last month, seeking to downplay sites it suspects of artificially boosting their rankings. Now some small businesses say they are scrambling to avoid being relegated to the Internet's junk bin. |
| Pinterest Valued at $1.5 Billion Thu, 17 May 2012 01:26:38 EDT Pinterest, the online scrapbooking website that has become the latest Silicon Valley darling because of its rapid user growth, has raised $100 million in a financing round that values the start-up at $1.5 billion, said people familiar with the matter. |
| Black Box From Russian Jet Found Wed, 16 May 2012 23:34:11 EDT Indonesian authorities said they have found the voice and data recorder from a Russian jet that crashed last week during a demonstration flight, killing all 45 people on board. |
| Militants Storm Afghan Compound Thu, 17 May 2012 04:26:07 EDT Officials say a group of militants has attacked a government compound in western Afghanistan, killing at least five people. |
| China Dispute Threatens Philippine Industries Wed, 16 May 2012 20:22:07 EDT The Philippines' dispute with China over territorial claims in the South China Sea is threatening to exact an economic toll on key Philippine industries, including its vital tourism and agricultural sectors. |
| Chinese Fishermen Held in North Korea Thu, 17 May 2012 07:26:32 EDT Unidentified people in North Korea have held 29 Chinese fisherman in detention for more than a week and sought more than $180,000 to free them. |
| Activist Chen Applies for Passport Thu, 17 May 2012 01:08:46 EDT Blind Chinese legal activist Chen Guangcheng filled out an application for a Chinese passport Wednesday in a small but important step that brings him and his family closer to being allowed to leave for the U.S. |
| The Czech Answer to Beverly Hills Star Tour Wed, 16 May 2012 23:52:47 EDT Excursions are organized by CorruptTour, a small operation that earlier this year started offering sightseeing trips to places associated with alleged dirty dealing. |
| Work-Life Balance: A Challenge for Both Genders in Asia Thu, 17 May 2012 05:47:41 EDT In a study of 1,834 so-called "high-potential" employees at multinational firms across Asia, a nonprofit research found that furthering their career is a top priority for both men and women – even as they want to maintain a healthy work-life balance. |
| Pacquiao and Mayweather Duke It Out Over Gay Marriage Thu, 17 May 2012 03:45:38 EDT Boxing rivals Floyd Mayweather Jr. and Manny Pacquiao have found something else to fight about: Gay marriage. |
| North Korea's Gulag Thu, 17 May 2012 00:05:33 EDT New evidence reveals a vast, cruel network of prison camps. |
| Joseph Sternberg: The Green Bad Idea Japan Needs Wed, 16 May 2012 21:02:35 EDT Feed-in tariffs distort power markets and raise prices. They could also save the country's nuclear industry. |
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| Word of the day |
Merriam-Webster's Word of the Day for May 17, 2012 is:
maffick • \MAF-ik\ • verb
: to celebrate with boisterous rejoicing and hilarious behavior
Examples:
Fans mafficked for hours outside the stadium, celebrating the team's dramatic victory in the division championship.
"In half an hour, after the mildest of mafficking, the last visitors of the exhibition's last day had gone out of the gates and the staff began their final acts of closing up shop." — From an article in The Guardian (London), October 1, 2011
Did you know?
"Maffick" is an alteration of Mafeking Night, the British celebration of the lifting of the siege of a British military outpost during the South African War at the town of Mafikeng (also spelled Mafeking) on May 17, 1900. The South African War was fought between the British and the Afrikaners, who were Dutch and Huguenot settlers originally called Boers, over the right to govern frontier territories. Though the war did not end until 1902, the lifting of the siege of Mafikeng was a significant victory for the British because they held out against a larger Afrikaner force for 217 days until reinforcements could arrive. The rejoicing in British cities on news of the rescue produced "maffick," a word that was popular for a while, especially in journalistic writing, but is now relatively uncommon.