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From All Star Charts: In addition to the United States, it’s really been the Asia Pacific region that’s been leading global equities. Obviously Japan has been ripping all year long. But Indonesia, Malaysia, Philippines, and Thailand have been rocking all year as well. Singapore, on the other hand, has just been consolidating sideways for almost five months. Until last week. We’ve been waiting patiently for this one. In early February, we were hoping it [...] BEIJING – In its latest account of national defense efforts, China said Tuesday that the United States is destabilizing the Asia-Pacific region by strengthening its military alliances and sending more ships, planes, and troops to the area. The U.S. policy known as the “pivot” to Asia runs counter to regional trends and “frequently makes the situation tenser,” the Defense Ministry said in its report on the state of China’s defense posture [...] Ask yourselves why North Koreas suddenly issuing all these threats for war? Why now? http://www.state.gov/secretary/rm/2011/10/175215.htm “The future of politics will be decided in Asia, not Afghanistan or Iraq, and the United States will be right at the center of the action.” They (the U.S government) are using the latest North [...] SEOUL, South Korea – The American military made a rare announcement that two nuclear-capable B-2 stealth bombers ran a practice bombing sortie over South Korea on Thursday, underscoring Washington’s commitment to defend its ally amid rising tensions with North Korea. The two B-2 Spirit bombers made a nonstop round trip from Whiteman Air Force Base in Missouri, demonstrating the United States’ ability to “provide extended deterrence to our allies in the [...] North Korea has put its artillery and “strategic” rocket units on combat ready, with orders to prepare for strikes against the US mainland, Hawaii and Guam. The Korean People’s Army supreme command reportedly ordered “all artillery troops including strategic rocket units and long-range artillery units to be placed under class-A combat readiness”. The units should be prepared to attack “all US military bases in the Asia-Pacific region, including the US mainland, Hawaii [...] from FT: There is a caricature of America’s “pivot” to Asia and it goes something like this: the Middle East and south Asia are the graveyard of US power and prestige and Washington must cut its losses to these ungrateful nations as quickly as possible and turn its full attention to the21st century that is playing out on more peaceful and profitable shores in the Asia-Pacific region. This concept of the [...] Stennis is heading for the Persian Gulf – will Washington following making it 4 carriers off Iran’s coast? Or are they being positioned for a showdown with China? Stay tuned. 120920-N-SF704-238 WESTERN PACIFIC OCEAN (Sept. 20, 2012) Operating to ensure security and stability in the vital Asia-Pacific region, two of the U.S. Navy’s 11 global force aircraft carriers conducted readiness operations at the conclusion of exercise Valiant Shield. The Bremerton, Washington-based aircraft carrier [...] BEIJING (AP) — Top Chinese leaders have a better understanding of America’s new focus on the Asia-Pacific region, but they are concerned that there is too much emphasis on China’s military build-up rather than economic or diplomatic efforts, U.S. Defense Secretary Leon Panetta said Wednesday. After two days of meetings with political and military officials,Panetta said he comes away hopeful that the two nations can work together to bolster security in the region. http://news.yahoo.com/panetta-asia-focus-not-aimed-contain-china-042922761.html
Stronger Chinese Navy Worries Neighbors and US China and the US seem to be on a collision course in the Pacific. Beijing is significantly bolstering its navy, and Washington is shifting its military focus to the Asia-Pacific Region. Many fear it could alter the balance of power in a region rich in oil and crucial for global trade. http://www.spiegel.de/international/world/strengthening-of-chinese-navy-sparks-worries-in-region-and-beyond-a-855622.html
Japan’s new ambassador to China died this morning following an unspecified illness, the Foreign [...] Australia has rejected a proposal to host a US nuclear aircraft carrier strike group on its west coast. A Pentagon-commissioned report on repositioning US forces in the region had suggested relocating a carrier from the US East Coast to an Australian naval base south of Perth as part of a shift in the US military’s overseas deployment to the Asia-Pacific region. The report had been drafted by the Center for Strategic [...] Region home to 3.37 million high net worth individuals compared to 3.35 in North America The number of millionaires in Asia outnumbered those in North America for the first time last year, latest figures show. The Asia-Pacific region was home to 3.37 million high net-worth individuals, defined as having at least $1 million to invest, according to the [...] Joe Wolverton, II This week President Obama and U.S. Trade Representative (USTR) Ron Kirk announced that Canada and Mexico have been invited to join the secret negotiations aimed at establishing the Trans-Pacific Partnership (TPP). In an announcement published Monday on the USTR website, Kirk wrote: We are delighted to invite Mexico, our neighbor and second largest export market, to join the TPP negotiations. Mexico’s interest in the TPP reflects its recognition that the [...] Wayne Madsen WMR’s Asian intelligence sources report another, morfe ominous, aspect to the decision of Secretary of Defense Leon Panetta to move 60 percent of U.S. naval forces to the Pacific region. Panetta announced in a speech at the Shangri-La Dialogue defense conference in Singapore that most of the Navy’s littoral combat ships, submarines, cruisers, and destroyers will be deployed in the Pacific. In addition, new U.S. [...] From FT:
Wednesday 18.20 BST. Risk appetite is deteriorating sharply as hopes for Chinese stimulus measures are dashed and concerns grow over Spain’s banking problems. In the US, eurozone fears were compounded after a report showed pending home sales dropped by the most in a year, sending the S&P 500 index down more than 1 per cent. The broad measure of US stocks is on track to close the month of May 6 [...] Apple seems able to do no wrong. In its most recent fiscal quarter, the giant consumer electronics maker posted a 59% increase in sales and a whopping 94% rise in profits. Such stellar numbers disguise the possibility that Apple’s near future may not be so prosperous, particularly if it falters in China. Apple’s steady climb in sales and profits has fueled a 435% rise in its stock price over the last [...]
WASHINGTON – About 9,000 U.S. Marines stationed on the Japanese island of Okinawa will be moved to the U.S. territory of Guam and other locations in the Asia-Pacific, including Hawaii, under a U.S.-Japan agreement announced Thursday. The move is part of a broader arrangement designed to tamp down tensions in the U.S.-Japan defense alliance stemming in part from opposition in Okinawa to what many view as a burdensome U.S. military presence. It [...] by Matthew Kassel Asian and Middle Eastern cities dominate the list of the world’s ten cheapest cities,according to the Economist Intelligence Unit’s bi-annual cost of living report. It’s an interesting result, especially considering that half of the world’s ten most expensive cities are also in the Asia Pacific region—Tokyo and Singapore, for example. The Middle Eastern cities are partly affected by price controls and currencies being pegged to the US dollar, the EIU suggests, while [...] |
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