Asia

For Pak tribesmen Taliban is the ‘devil’ and Government the ‘deep sea’

Peshawar, Nov 12: The tribesmen in Pakistan living in villages along the Afghan border are caught between the devil and the deep sea, as, one the one hand, the Government wants them to form Lashkars to fight back the Taliban, and, on the other hand, they continuously run the risk of being beheaded by the Taliban, as happened around three weeks ago when a couple of tribal leaders beheaded and their bodies tossed on the roads setting an example for others.

Asian stocks rally after China announces stimulus package

Tokyo - Asian stock markets staged strong rallies Monday, with Japan's key Nikkei 225 Stock Average closing above the 9,000-point threshold, following the announcement of an economic stimulus packa

Asia's richest prepare to bid hundreds of thousands for truffles

Hong Kong  - Some of Asia's wealthiest people were Sunday preparing to shrug off the slump by spending hundreds of thousands of US dollars on a small, pungent, edible fungus.

The super-rich, including nine Hong Kong tycoons, were gathering in Tokyo to take part in the 10th Annual World Alba White Truffle Auction.

The Hong Kong bidders have a rich history in the annual charity auction and are favorite to win Sunday night's auction for the delicacy which is nicknamed "white gold" because of its rarity and high price.

Last year, the winning bid at the Alba Truffle Auction came from a consortium of property developers from Hong Kong who paid bid 208,000 US dollars for a comparatively small 750 gram truffle.

20 Taliban killed, 10 hurt in Pak security forces’ Bajaur operation

BajaurKhar (Pakistan), Nov 8: At least 2

South-East Asian countries seek economic integration

Hanoi - The global financial crisis might bring economic benefits for countries in South-East Asia, Cambodian Prime Minister Hun Sen said Friday at a regional summit in Hanoi.

"The rich people in Europe, the buyers in America will not buy expensive clothes produced in Europe anymore but the cheaper goods produced in Cambodia and Vietnam," Sen said.

Most of the other businessmen and political leaders at the summit focused on the need to integrate South-East Asian economies to create a larger market more resilient to economic shocks.

Asian stocks ride see-saw over Wall Street dive, rate cuts

Asian stocks ride see-saw over Wall Street dive, rate cutsTokyo - Asia-Pacific stocks ended the week mixed as Wall Street's overnight plunge prompted investors to sell but interest-rate cuts in some markets led to afternoon recoveries.

Japan's benchmark Nikkei 225 Stock Average plunged 3.55 per cent on Toyota Motor Corp's sharp cut in its earnings forecast for this fiscal year, but South Korean and Hong stocks took big jumps on the rate cuts.

The Nikkei was the region's big loser as it shed 316.14 points to close at 8,583 but still managed to end the week up 0.07 per cent.

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