China shares end up 0.8 pct, property sector firm

July 14 (Reuters) – China’s key stock index ended up 0.8 percent on Wednesday, rebounding from the biggest single-day percentage drop in two weeks the day before, led by construction and property firms on optimism further tightening policies will not be too severe as economic growth slows.

The Shanghai Composite Index .SSEC finished at 2,470.4 points, after closing down 1.6 percent on Tuesday.

Analysts said firmer sentiment will help underpin Agricultural Bank of China’s [ABC.UL] debut in Shanghai on Thursday although investors remained generally cautious.

“Volume was still very thin ahead of AgBank’s listing. That means investors are adopting a cautious stance, awaiting its listing ” said Zheng Weigang, an analyst at Shanghai Securities.

He said that if volume breached 100 billion yuan, discounting turnover from AgBank’s listing, the index may find momentum to rise above the 2,500-point level that has proved a strong resistence.

Volume edged up to 70 billion yuan ($10.34 billion) from Tuesday’s 61 billion yuan.

Real estate stocks, which had slumped on Tuesday after the government said it would continue its clampdown on property speculation, eased from earlier session highs but retained most of their speculative rebound.

China’s stock market, one of the world’s worst performing this year, down nearly 25 percent, has been hard hit by Beijing’s moves to cool the mainland’s real estate fever, with investors closely eyeing any policy moves for new market direction. (Reporting by Chen Yixin and Jacqueline Wong)

Shampoo maker BaWang says products safe, shares dive

(Reuters) – Chinese herbal shampoo maker BaWang International (Group) (1338.HK) said on Wednesday that the level of dioxane in its products is far below the safety limit prescribed by the authorities and will not jeopardize the health of users.

The Hong Kong-listed company made the statement in response to a media report that its products contained the cancer-causing chemical dioxane, sending its shares down 18 percent to HK$4.81 on Wednesday.

BaWang said in a statement obtained by Reuters that all of its products had undergone stringent quality tests and met standards required by the mainland and Hong Kong authorities.

(Reporting by Donny Kwok; Editing by Chris Lewis)

Shampoo maker BaWang says products safe, shares dive

July 14 (Reuters) – Chinese herbal shampoo maker BaWang International (Group) (1338.HK) said on Wednesday that the level of dioxane in its products is far below the safety limit prescribed by the authorities and will not jeopardise the health of users.

The Hong Kong-listed company made the statement in response to a media report that its products contained the cancer-causing chemical dioxane, sending is shares down 18 percent to HK$4.81 on Wednesday.

BaWang said in a statement obtained by Reuters that all of its products had undergone stringent quality tests and met standards required by the mainland and Hong Kong authorities. (US$1=HK$7.76) (Reporting by Donny Kwok; Editing by Chris Lewis)

China stocks in biggest percentage fall in 2 weeks

July 13 (Reuters) – China’s key stock index ended down 1.6 percent on Tuesday after the government said it would continue to rein in speculation in the country’s red-hot property sector, following recent media reports that had indicated it was relaxing credit controls.

The Shanghai Composite Index .SSEC closed at 2,450.3 points, chalking up its biggest single-day percentage fall in two weeks. It closed up 0.8 percent on Monday, supported by optimism that the government was relaxing property tightening policies.

China’s stock market, one of the world’s worst performing this year, down around 25 percent, has been hard hit by Beijing’s moves to cool the mainland’s real estate fever.

Chinese banks should “strictly implement” existing curbs on loans to multi-home buyers, the China Banking Regulatory Commission (CBRC) said on Tuesday. [ID:nTOE66C004]

“The market has received a blow from this news,” said Zhang Gang, an analyst at Central Securities. “We expect the index will still trade below 2,500 points in the near term.”

Shanghai’s property sub-index .SSEP slumped 3.2 percent. (Reporting by Chen Yixin and Jacqueline Wong)

UPDATE 1-Wynn Macau says pace of H2 gambling revs to slow

MACAU, June 10 (Reuters) – Gambling revenue growth in Macau could slow in the second half of the year, a senior executive of Wynn Macau (1128.HK) said on Thursday, as spending moderates after a boom in the second half of 2009 when China was in the midst of a massive economic stimulus plan.

Still, the former Portuguese enclave is likely to beat a forecast for 30 percent growth in gambling revenues this year by Macau’s top gambling regulator, Wynn Macau Chief Operating Officer Linda Chen told reporters at an event in Macau. [ID:nTOE65802D].

“The government said it will grow 30 percent for this year. I think that’s a conservative view,” she said.

“For the second half of 2009, we had already seen a comeback in the market,” Chen said. “So … the pace of the second half of the year won’t be as strong.”

Chen said she expects the VIP market to grow at a faster rate than the mass market segment, contrary to comments from rival SJM Holdings (0880.HK), which said gambling revenue growth from the lucrative high-roller segment is likely to slow in the second half, as wealthy Chinese take a hit from a weak stock market and tight monetary policies. [ID:nTOE659053].

Chen said she did not think these factors could affect VIP gambling revenues in the second half.

Gambling revenues in Macau, the world’s largest and fastest-growing gambling market, surged almost 95 percent in May to a record 17 billion patacas ($2.1 billion), analysts said, citing Portuguese news agency Lusa. That followed a 70 percent year-on-year jump in April, when revenue rose to a previous record 14.1 billion patacas ($1.76 billion).

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Gambling revenues in Macau, the only region in China where casino gambling is legal, had set previous records in August and October last year, as strong economic growth in China spurred mainland Chinese tourists to gamble in the enclave.

COTAI RESORT

Wynn Macau, run by U.S. gambling tycoon Steve Wynn, could break ground on a mega casino resort on Macau’s Cotai Strip next year, Wynn told reporters, adding that the project could have 1,200 to 1,300 slot machines and be ready by 2014.

Wynn said he will be “splitting the headquarters” of Wynn Resorts (WYNN.O) between Las Vegas and Macau.

“That involves increasing our presence in Macau,” he said. “My board of directors agrees and are enthusiastic about it.”

Wynn said in an interview with Reuters in April that he may move his company’s headquarters to Macau as it embarks on a major expansion there, in a nod to the rise of the former Portuguese enclave as the world’s new gambling capital. [ID:nTOE63K03Y]

Wynn Resorts makes more than half of its operating cash flow from its Macau unit, similar to Las Vegas Sands (LVS.N) and its Sands China (1928.HK) unit, both led by Wynn’s rival Sheldon Adelson. (Editing by Doug Young and Jacqueline Wong)

Monsoon makes no headway in 6 days – govt

India’s annual monsoon, which is vital for farm and economic growth, has not advanced for the past six days after bringing rains to a far-flung island three days ahead of normal, weather officials said on Thursday.

Monsoon winds were weak, and may need up to two days to strengthen, D. Sivananda Pai, director of the National Climate Center in Pune, told Reuters over phone.

India Meteorological Department has forecast the June-September monsoon would hit the mainland on May 30 in Kerala.

“It is already raining in Kerala but we are waiting for certain characteristics of monsoon,” Pai said.

The rains reached the Andaman and Nicobar Islands on May 17, two days ahead of schedule, before moving to many parts of the Bay of Bengal in the following week.

The progress has not been swift since then due to last week’s cyclone Laila on India’s east coast.

Prime Minister Manmohan Singh’s government is banking heavily on monsoon rains, which irrigate 60 percent of the country’s farms, to calm food prices that soared after last year’s driest season in nearly four decades.

The government, which was voted back to power by a bigger mandate from the rural poor last year, is facing severe criticism due to high prices, especially of food. (Reporting by Mayank Bhardwaj; Editing by Ranjit Gangadharan)

Asylum seekers in hunger strike

A group of asylum seekers at Sydney’s Villawood detention centre has staged a hunger strike in response to the Federal Government’s changes to immigration policy.

The Refugee Action Coalition says a group of about 35 Iraqis spent Sunday night on a basketball court inside the facility and are refusing food.

Spokesperson Ian Rintoul says management at the detention centre met the group this afternoon.

He says they are worried a freeze on processing claims from Sri Lankan and Afghan asylum seekers could be extended to Iraqis.

“They don’t know what’s going to happen to them. They haven’t seen a lawyer since they moved to Villawood and they think they could easily decide tomorrow that, in their case, that the Iraqis won’t be processed and all their options would be finished,” he said.

“So people are very, very, very worried.”

Meanwhile, a group of 52 people have been transferred from the Christmas Island detention centre to the mainland.

The Immigration Department says 46 of those have had their refugee claims approved with the remaining six to be processed in Melbourne and Perth.

There are now just over 2,100 people in the island’s detention centre – which is beyond its official capacity.

The Government says six boats carrying 236 people have been intercepted in recent days but are still to arrive at the island.

Asylum freeze ‘politically motivated’

The Federal Opposition has attacked the Government’s decision to suspend asylum seeker claims from Sri Lanka and Afghanistan, saying it is politically motivated and will not stop the boats coming to Australia.

Prime Minister Kevin Rudd says the suspension – of three months for Sri Lankans and six months for Afghanis – is due to “changing circumstances” in both countries.

But Opposition Leader Tony Abbott says it shows the Government knows its policy is failing.

“This is an admission by the Government that it was always pull factors – not push factors – that was causing the flow of boats,” he said.

Opposition immigration spokesman Scott Morrison says the Government has known for a month that the situations in Afghanistan and Sri Lanka were changing.

“It simply prompts you to ask the question: why today?” he said.

“All they have done is try to put this issue into suspended animation. What they haven’t done is put forward a plan to stop the boats.”

Mr Morrison says the Government is putting off action on dealing with asylum seekers until after the upcoming federal election.

“They are going to clog up the system even more as boat after boat after boat arrives,” he said.

“Clearly they will just spill onto the mainland as they already have now.”

Greens Senator Sarah Hanson-Young says the suspension will be as dangerous for asylum seekers as the previous government’s system of temporary protection visas.

“The decision of the Government to change their policies are less about the conditions in these countries and more about the political conditions here in Australia,” she said.

“This is about politics. This is not about humanity.”

Immigration Minister Chris Evans says Sri Lankans and Afghanis already on Christmas Island will still have their applications processed, as will those currently bring taken there by the Navy.

But he says from now on, anyone from those countries who is intercepted will be taken to the island and will have to wait until the suspension is lifted.

‘Morally abhorrent’

Human Rights Commission president Catherine Branson says the Government’s changes mean asylum seekers will be detained indefinitely.

She says the commission is considering another visit to Christmas Island to monitor the conditions there.

“We did late last year publish a quite comprehensive report about Christmas Island, but I am very conscious of the fact that conditions there have changed since that time and not for the better,” Ms Branson said.

“We are considering the possibility of again travelling to Christmas Island to update our report.”

Bassina Farbenblum, the director of the University of NSW Migrant and Refugee Rights Project, says the Government’s move breaches the UN’s Refugee Convention.

She says it is immoral to detain Afghanis and Sri Lankans for long periods to deter other asylum seekers.

“It is profoundly discriminatory. Australia will be violating it’s international obligations to detain people for the minimum necessary period, and honestly it’s morally abhorrent,” Ms Farbenblum said.

The Refugee Council says while it is not supporting the suspension, it is a legitimate response to the problem of asylum seekers provided people are not sent back to face persecution.

“This is an attempt to crack a circuit breaker and I can understand why they’re doing that, as long as they continue to adhere to the humane policies which they have supported,” Refugee Council president John Gibson said.

“We will just have to keep a very close eye on what’s going on.”

Mr Gibson says he is concerned the Government’s decision has been made without proper scrutiny of the conditions in Sri Lanka and Afghanistan.

He says there needs to be lasting improvement before refugees from those countries are treated any differently.

“When there is a change of circumstances it should be sustainable and durable, and as far as Sri Lanka is concerned – and possibly some parts of Afghanistan – one would have to look carefully at whether in fact that is the case,” Mr Gibson said.

And he says the hysteria that has taken hold of Australians over the asylum seeker issue remains.

“I’d like to see the shift and focus towards the positive solutions, looking globally and regionally, rather than this obsession over how many boats arrive,” he said.

He says the number of asylum seekers accepted in Australia still pales in comparison to those accepted in other countries.

Asylum seekers to move to mainland

The Federal Government is preparing to move 51 asylum seekers from the Christmas Island detention centre to the mainland today.

The detention centre is almost full after the arrival yesterday of another boat carrying 94 passengers.

A spokesman for the Immigration Department confirmed that 51 asylum seekers in the final stages of processing would be moved, as well as eight crew members.

The group includes unaccompanied minors and two family groups.

Eighteen unaccompanied minors will go to Melbourne and 28 to Brisbane.

The two family groups, totalling five people, will also go to Brisbane.

Eight crew members of illegal boats will be sent to Darwin where they are expected to be charged.

A spokesman for Immigration Minister Chris Evans says the transfers are routine and the previous government had similar transfers.

But Opposition immigration spokesman Scott Morrison has a different take on what is happening.

“This is a Government that is in border protection denial,” he said.

“They want to deny the fact that Christmas Island is full. They want to deny the fact that their own policies and decisions are the principle cause of why we’ve seen boat arrivals to Australia now at their highest rate than at any other time.

“The Government needs to front up to these issues. They need to understand they’re a real problem. The Prime Minister needs to get in touch with what Australians are concerned about.”

Paul Power from the Refugee Council of Australia says he sees nothing wrong with the transfers.

“I think the Government is doing the right thing in transferring people from Christmas Island to the mainland when they’re most of the way through their process towards refugee protection,” he said.

“They’re only transferring people who have been recommended for refugee protection and still have some final processes to complete before that’s finalised.

“People are still being held in detention facilities in Australia while that process is going on. So there’s no reason for concern. People’s situations don’t change legally at all.”

Twenty-nine asylum seeker boats have been intercepted in Australian waters this year and four boats with nearly 200 asylum seekers are on their way to the island.

The detention centre only has space for just over 80 more people.

The Opposition has accused the Government of having “soft” border protection policies which encourage people smugglers.

But the Government maintains the spike is due to international conflicts.

City retailers vent DFO fears

Tasmanian retailers have renewed their opposition to the state’s first Direct Factory Outlet being built at Hobart airport after confirmation of the project’s timeline.

The developer Austexx and Hobart Airport say construction of the 60-shop complex will begin later this year.

Hobart Airport’s chief executive Brett Reiss says the DFO should be operating before Christmas 2011.

“It’ll bring some diversification to the experience and to the land use of the airport and I think it’ll also add to the airport in terms of just the quantum of other businesses that will end up being there,” he said.

Andrew Winch from the retailers’ association says the $70 million complex will pull customers away from existing businesses in Hobart’s CBD.

“We’re going to see probably more empty buildings, more empty businesses and vacant shops with the existing mainland businesses or big-box type retailers moving out to that location,” he said.

Task force set up for PNG volcano refugees

A task force has been set up to find permanent homes for thousands of Papua New Guineans affected by a series of volcanic explosions.

Around 15,000 people fled their homes on Manam Island off PNG’s north coast after a series of volcanic explosions in late 2004.

They have been wallowing in temporary care centres on the mainland ever since, but their presence has angered local villagers.

Tension regularly explodes into violence and earlier this month one person was murdered and a mob destroyed 160 homes at one of the care centres.

The government says it will create and fund a Manam Task Force to find a site to permanently resettle the islanders.

A body called the Manam Resettlement Authority had previously been set up to resolve the issue, but islanders said it had done nothing for several years.

2 more asylum boats intercepted

The Federal Government said two boats carrying asylum seekers were intercepted in Australian waters this morning.

One boat carrying 19 people and three crew was intercepted west of Ashmore Islands.

About 90 minutes later another boat with 55 passengers and two crew was found north of Adele Island.

Both groups will be taken to Christmas Island for health, security and identity checks.

The Opposition’s immigration spokesman, Scott Morrison, says he expects the Government to start moving detainees to the mainland.

“With two boats intercepted in the space of two hours, it’s now house full on Christmas Island,” he said.

“There were only 10 beds left before these latest two boats arrived and there are almost 80 people on those boats.

“So this should really be the biggest wake-up call to the Rudd Government.”

The Government says there will be enough room at Christmas Island to house the latest asylum seekers.

Boat intercepted near Christmas Island

A boat with 92 asylum seekers on board has been intercepted off the coast of Western Australia.

The boat was stopped by the navy ship HMAS Albany last night.

The people on board have been taken to Christmas Island for health checks.

The Opposition says it has information that the group will be transferred to a detention centre in Darwin.

It says the crew has already been taken to the new facility.

The Opposition’s immigration spokesman, Scott Morrison, says there are not enough beds on Christmas Island.

“The illegal arrival of the 25th boat this year carrying more than 90 passengers will leave just over 50 beds remaining on Christmas Island to cope with the ongoing surge in arrivals that we’ve seen since the Rudd Government first started rolling back the Coalition’s strong border protection regime,” he said.

“The issue is the fact that people will be brought to the mainland before their asylum claims have been tested, which will send a message to people smugglers that they can now get their clients all the way to the mainland,” he said.

Asylum boat crew transferred to Darwin

Twenty-two Indonesian crewman were flown from Christmas Island to Darwin last night but no asylum seekers have been brought to the mainland.

The Department of Immigration says until yesterday, Darwin’s detention centre housed 55 Indonesian crewman who were caught on illegal fishing boats or asylum seeker vessels.

Late last night another 22 Indonesian crew from asylum seeker boats were brought to Darwin.

That brings the total number of detainees there to 77.

The department says the men have been brought to Darwin for prosecution processes.

This week the Prime Minister said no decision had been made about where asylum seekers would be sent if the Christmas Island detention centre reached capacity.

But the federal member for the Territory-based seat of Solomon, Damian Hale, says up to 300 asylum seekers could be transferred to mainland detention facilities including Darwin.

‘No plans yet’ to move asylum seekers to Darwin

The Federal Government has denied reports it is moving to transfer hundreds of asylum seekers from Christmas Island to Darwin for processing.

News Limited is reporting that the impending arrival of more asylum seeker boats will push the Christmas Island detention centre over capacity and force authorities to transfer a large group to Darwin.

A spokesman for Immigration Minister Chris Evans says there are no plans to take any asylum seekers to Darwin at this stage.

And he would not comment on whether two boats carrying hundreds of people are on their way to Australia.

At the moment there is space for around another 100 asylum seekers at the Christmas Island detention centre, which is currently holding 1,950 asylum seekers, but expansion plans are under way.

By the end of the month the Government hopes to have space for 2,300 people.

The spokesman said the detention centre’s population is “not static” and will always depend on the movement of some being settled and some being deported.

As of late last week the Darwin detention centre was holding 58 crew members of asylum seeker boats, including 14 children who were working on the boats.

When it came to office the Federal Government softened some of the tougher aspects of the former government’s asylum seeker policy but remained committed to offshore processing.

Foreign Minister Stephen Smith has told ABC2 Senator Evans will make the Government’s future plans clear.

“Senator Evans has made it clear that if that capacity is met then he’s looking at processing offshore arrivals at a facility in Darwin,” he said.

“We’ve made it clear that we will continue to see large numbers of people moving throughout our region.”

Opposition immigration spokesman Scott Morrison says the Government will have no choice but to start processing on the mainland.

“Eventually there is no doubt that Christmas Island under this Government will become a transit lounge,” he said.

“The Government’s clearly preparing, they should be up front about it, this is what they really want to do. They should be honest with the Australian people.”

Grey nomads converge in Tasmania

Nearly 1,000 motorhomes and campervans from around Australia have converged on Carrick in northern Tasmania.

They are here for this year’s Campervan and Motorhome Club of Australia rally, that started today.

The club is holding a week long rally to celebrate its 24th birthday.

Organiser Diana Worner says it has attracted people from around Australia.

“We know that 800 have come across on the Spirit of Tasmania (ferry) from the mainland so that’s a good indication that all the states of Australia are represented here,” she said.

India Air Force activates Nyoma airfield close to China border

New Delhi, Sep 18 (ANI): The Indian Air Force in a significant move today activated its Nyoma Advanced Landing Ground (ALG) to support the Army in carrying out operations in the inhospitable terrain.

An IAF AN-32 aircraft landed at Nyoma ALG, which is located at an altitude of 13,300 feet in Leh district of Jammu and Kashmir, at 6:25 a.m. today. It is located 23 kms from the Line of Actual Control. (LAC).

The successful landing of a fixed wing aircraft at Nyoma marks the culmination of joint effort by the IAF and Indian Army to enable the IAF to operate in the inhospitable terrain of Leh-Ladakh region in support of the Army.

The landing comes just fifteen months after an AN-32 landed at Daulat-Beg-Oldie (DBO), the highest airfield in the world situated at an altitude of 16,200 feet.

Group Captain SC Chafekar touched down on the Nyoma airstrip. Air Marshal NAK Browne, Air Officer Commanding-in-Chief, Western Air Command and Lieutenant General PC Bharadwaj, General Officer Commanding-in-Chief, Northern Command on board.

Though helicopters have been landing at this ALG, this is for the first time that a fixed wing aircraft has landed at the compact airstrip of Nyoma.

After deliberating on all aspects and carrying out aerial and ground inspection, it was concluded that Nyoma could be developed for fixed wing operations as well.

The Engineer Regiments of 14 Corps undertook the herculean task of developing the ALG to the standards required for fixed wing operations.

Joint development of Nyoma braving the extremely difficult working conditions and hostile weather is yet another step towards enhanced joint partnership between the two services.

Nyoma has been developed with an aim to connect the remote areas of Ladakh region to the mainland. This would also ensure movements in the area when the road traffic gets affected, during the harsh winters besides enabling improved communication network in the region. (ANI)

‘Dung of the devil’ plant roots may offer swine flu cure

Washington, Sept 10 (ANI): Chinese scientists have found that the roots of a plant have powerful natural substances that can kill the H1N1 virus.

Researchers Fang-Rong Chang and Yang-Chang Wu identified chemicals in the extracts of the “Dung of the Devil” plant, which were more effective against the H1N1 virus than the antiviral drug currently available for the flu.

The report will be published in the Sept. 25 issue of ACS’ Journal of Natural Products.

The plant biologically called ferula assa-foetida, is found in Iran, Afghanistan and mainland China.

The authors say: “Overall, the present study has determined that sesquiterpene coumarins from F. assa-foetida may serve as promising lead components for new drug development against influenza A (H1N1) viral infection.”

The plant was also used as a remedy during the1918 Spanish flu that took a toll of nearly 100 million lives.

However, the antiviral capacity of the plant was not fully confirmed until now. (ANI)

China expresses anger over Dalai Lama’s trip to Taiwan

London, Aug.28 (ANI): China has reportedly warned Taiwan not to entertain Tibetan spiritual leader, The Dalai Lama.

The Government of Taiwan has extended an invitation to the Dalai Lama to take part in a prayer meeting with survivors of this month’s typhoon, a move that has angered Beijing, reports The Independent.

A spokesman for the Dalai Lama said details were being finalized and he hoped to travel to Taiwan as soon as possible, perhaps as early as next week.

A spokesman for the Chinese Government’s Taiwan Affairs Office said it “resolutely opposed” the decision by Taiwan’s President to allow the Dalai Lama to visit “in whatever form and capacity,” the state-run Xinhua News Agency said.

The invitation was “an attempt to sabotage” the current good relations between the two countries, he said.

China still claims the self-governing island of Taiwan, which split from the mainland in 1949 after a civil war, as part of its territory.

A spokesman for the Dalai Lama, Tenzin Takhla, said: “The Chinese must understand that his holiness is going to offer his support and to share in the sorrow.” (ANI)

Air France flight crashed into Atlantic vertically, says report

Paris, July 3 (ANI): The Air France flight that crashed into the Atlantic Ocean last month, killing all 228 people on board plunged vertically from the sky so suddenly that passengers and crew on board did not even have time to inflate their life jackets.

The Telegraph quoted investigators as saying that the Airbus “descended vertically” and dropped 35,000 feet in a matter of seconds, hitting the water in its exact flying position.

The details of the last moments of Flight AF 447 from Rio de Janeiro to Paris on June 1 were disclosed in an official report into the disaster released in the French capital.he report also found that the plane had not broken up in mid-air, as had initially been thought.

Alain Bouillard, the chief accident investigator, said: “The plane was not destroyed while in flight. It appears to have hit the surface of the water in its flying position with a strong vertical acceleration.”

Bouillard said uninflated life jackets were found all over the crash scene in the Atlantic soon after the crash.

The Airbus A330-200 went down within 930 miles off Brazil’s mainland and far from radar coverage.

Bouillard also said the plane’s defective airspeed sensors were a “factor but not the cause” of the crash.

Experts have suggested these external instruments might have iced over. Air France has now replaced the monitors, called Pitot tubes, on all its Airbus A330 and A340 aircraft. (ANI)