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Far East

24.06.2010

Japanese political party representatives took to the streets on Thursday as official campaigning for the July 11 House of Councillors election began.

In Japan's less powerful upper house half of the 242 seats are procurable and 440 representatives will be jostling for public support in the hotly contested bout. The ruling Democratic Party of Japan (DPJ) will be looking to secure a majority to consolidate their power in both houses and pass bills more smoothly.

24.06.2010

Thousands of workers and soldiers will Friday start shoring up two breached river dikes in east China's Jiangxi Province, authorities said Thursday, as floods that have killed 211 people ravaged the south of the country for a tenth day.

The Fuhe River in Fuzhou City breached its banks for a second time early Wednesday, two days after a dike on another section of the river burst, forcing the evacuation of 100,000 people, according to the provincial Flood Control and Drought Relief Headquarters.

29.10.2009

Loss-making carrier Japan Airlines (JAL) has confirmed it is to apply for financial assistance from a newly-formed state-backed turnaround agency.

JAL said it had started negotiations with the Enterprise Turnaround Initiative Corporation (ETIC).

ETIC has access to up to 1.6 trillion yen ($17.7bn; £10.8bn) of government guaranteed funds, but it remains to be seen how much JAL may be given.

JAL reported a loss of 99bn yen between April and June.

Thursday's announcement comes a month after the airline first said it would need state aid.

29.10.2009

HANGZHOU, China (Reuters) - China and the United States kicked off an annual trade meeting on Thursday with both sides reiterating calls against protectionism, against a backdrop of friction over trade and the value of their currencies.
The annual Joint Commission on Commerce and Trade meeting, held in a garden compound in the lakeside city of Hangzhou, comes just a few weeks before U.S. president Barack Obama's first official trip to China.