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August 2007
- Israelis Eye Building Islands
  
  Jerusalem Post (Israel) | Aug 17, 07 4:02 PM CDT
  
  (Newser) - The Israelis want to build artificial islands in the Mediterranean, off the coast of Tel Aviv, and put an international airport on one of them. It's been talked about, on and off, for more than a decade; the project has finally been deemed feasable by a planning committee. The panel’s chair said the island chain is needed to support Israeli’s surging economy. More »
- Game Over: Mahjong Can Cause Epilepsy
  
  BBC | Aug 4, 07 12:43 PM CDT
  
  (Newser) - Playing the traditional Chinese tile game of mahjong can induce epileptic fits, a new study from Hong Kong shows, and the only remedy is to lay off the tiles. Men were far more susceptible than women, according to the authors, and it wasn't just lack of sleep or gambling stress that provoked the attacks. More »
July 2007
- Asian Stocks Take a Dive
  
  AFP | Jul 27, 07 7:52 AM CDT
  
  (Newser) - Share prices plummeted throughout Asia today in response to the yesterday's sell-off on Wall Street and the escalating crisis in the US housing market. After the 300-point plunge in the U.S., the Tokyo Market closed at a three-month-low, and markets in Seoul, Hong Kong, and Sydney also took serious hits. The market in Shanghai escaped relatively unscathed, buoyed by strong corporate earnings. More »
- Dow Jones Director Faces Insider Trading Charges
  
  Wall Street Journal | Jul 18, 07 6:32 PM CDT
  
  (Newser) - The Securities and Exchange Commission plans to file civil charges against Dow Jones board director David Li, in an insider trading case linked to News Corp.'s bid for the company. As a board member, Li has access to inside information, the Wall Street Journal reports. He also has ties to a Hong Kong couple already charged with insider trading. More »
- $600 Coffee 'Processed' by Civets
  
  Los Angeles Times | Jul 13, 07 5:49 AM CDT
  
  (Newser) - Move over, Starbucks. Hyper coffee connoisseurs are coughing up $600 for a pound of the world's priciest coffee, a blend plucked from the droppings of a civet, a small Indonesian mammal that forages for fresh coffee beans. Fans describe the taste of kopi luwak as earthy, with a note of rich, dark chocolate, the Los Angeles Times reports. More »
- Snake Venom Accusation Dogs Horse Trainer
  
  New York Post | Jul 6, 07 3:24 PM CDT
  
  (Newser) - Doping scandals in horse racing usually concern diuretics and other performance-enhancing drugs, but a controversy currently brewing in Kentucky and New York involves a substance with a far longer history: cobra venom. Authorities searched a barn at Keeneland last month and turned up evidence that has sparked an investigation of noted trainer Patrick Biancone, the New York Post reports. More »
- Death Threats Sent to Goldman Sachs
  
  Newsday | Jul 6, 07 12:10 PM CDT
  
  (Newser) - Investment powerhouse Goldman Sachs has been the subject of menacing letters sent to newspapers across the country, prompting an investigation by the FBI. "Hundreds will die," warn the letters that have been traced back to Queens, New York. "We are inside. You cannot stop us." More »
- Thousands March for Democracy in Hong Kong
  
  Times (UK) | Jul 1, 07 1:03 PM CDT
  
  (Newser) - Hong Kong observed the 10th anniversary of the handover to China today as tens of thousands took to the streets for the now-traditional annual pro-democracy rally. Beijing appears no more amenable to universal suffrage, however—Hu Jintao was in town to swear in the territory's new chief executive and his government, but the Chinese president departed before the march began. More »
June 2007
- Hong Kong Poised to Become Asia's Big Apple
  
  Newsweek | Jun 30, 07 7:12 PM CDT
  
  (Newser) - Hong Kong is in decline as Asia's premier shipping hub, but the dip in dockyard activity is nothing to fret over, Newsweek reports. The city is on the brink of becoming one of the world's financial capitals—on par with London and New York. Economic shifts are reconfiguring the political landscape as well: a rising middle class is clamoring for cleaner air and universal suffrage. More »
- World's Top 50 Business Centers
  
  Mastercard | Jun 14, 07 8:20 PM CDT
  
  (Newser) - London New York Tokyo Chicago Hong Kong More »
- China Eases Up Slightly on Tiananmen Anniversary
  
  Associated Press | Jun 5, 07 9:51 AM CDT
  
  (Newser) - As part of its campaign to attract Western visitors to the 2008 Beijing Olympics, China allowed Tiananmen Square memorials this year for the first time since the protests of June 4, 1989. The government maintains that the uprising was a counterrevolutionary riot and refuses to release details; a security crackdown in the square normally prevents citizens from commemorating the event. More »
May 2007
- China to Buy $3B Stake in Blackstone
  
  Financial Times (UK) | May 21, 07 7:18 AM CDT
  
  (Newser) - The Chinese government will buy a 9.9% stake in Blackstone, the US private equity fund that's about to launch its IPO. The $3 billion purchase of nonvoting shares, the first time China has invested its enormous foreign reserves in commercial stock, is meant to exploit a private equity market booming almost as much as China itself. More »
- Engineer Guilty Of Attempted Espionage
  
  CNN | May 10, 07 9:01 PM CDT
  
  (Newser) - A Chinese-American engineer could get up to 35 years for trying to funnel classified U.S. defense technology to China. A federal jury in California convicted 66-year-old Chi Mak, a naturalized citizen who worked for an Anaheim defense contractor, of conspiring to send top secret plans for submarine propulsion technology to Chinese authorities over several years. More »
- Journal Offer Prompted Insider Trading, SEC Says
  
  Wall Street Journal | May 9, 07 6:50 AM CDT
  
  (Newser) - The SEC has filed its first suit for insider trading involving Rupert Murdoch's bid to buy the Wall Street Journal 's parent company. The agency alleges a Hong Kong couple knew about the offer when they bought $15 million of Dow Jones stock in April and sold it for an $8.18 million profit after the announcement two weeks later. More »
March 2007
- Greenspan Sees Recession
  
  Yahoo! | Mar 6, 07 11:04 AM CST
  
  (Newser) - Back when bankers and investors hung on his every word, Alan Greenspan was caution itself in public pronouncements . But yesterday the former chairman took the rare step of predicting the onset of an out-and-out recession. Speaking via satellite to a business conference in Hong Kong, Greenspan said the US. economy has been expanding since 2001, and that the current slow down is probably not a temporary lag but the end of a cycle. More »