Beijing has suggested it's going to diversify its investments away from the US dollar and US government bonds. China is the second-largest holder of US treasuries. Is this bad news for the average American homeowner? Jocelyn Ford reports from Beijing.
The world's biggest bank opened for business today after a merger of two Japanese rivals. How big is too big? Our Asia bureau chief Jocelyn Ford reports.
The new year isn't getting off to a very good start in China's capital. Today a downtown Beijing highway caved in, smashing a sewage pipe and flooding a subway construction site. To top it off, there's news that Beijing's quality of life ratings have sunk drastically. Jocelyn Ford has more.
Japan's Nikkei index closed the day, and the year, at more than 100 points above 16,000 -- its biggest annual gain in two decades. And it was private investment, not government money, that pushed the economy. Jocelyn Ford reports.
Japan's Nikkei stock index closed the day, and the year, at more than 100 points above 16,000. That marks its biggest annual gain in two decades, and for the first time in 14 years, it was private investment, not government money, that pushed the economy. Asia bureau chief Jocelyn Ford has more.
Japanese stocks finished the day at their highest level in five years on Thursday. The benchmark Nikkei index climbed almost a full percent - and will likely close out 2005 as its best year since the 1980s bubble. But that isn't stopping the country from losing traction in Asia. A new Lehman Brother report says the economies in the rest of Asia added up are expected to overtake Japan's GDP this year. Jocelyn Ford reports on what's driving the shift.
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Communities around the Indian ocean gathered to day to remember loved ones lost in the tsunami's 30-foot waves a year ago. An estimated 220,000 people were killed, and two million more lost their homes. Jocelyn Ford reports on recovery in the worst hit area, Aceh in Sumatra, Indonesia.
Posted In: Canada
It's been nearly a year since a tsunami killed over 220,000 people in Asia. The hardest hit area -- Aceh, Indonesia -- isn't just looking to foreign aid to get back on its feet. As Marketplacea€™s Jocelyn Ford reports, Indonesia is finding that the horrific tragedy offered an opportunity to fundamentally change the way it does business.
The United Nations estimates the world pledged more than $13 billion to help the survivors of the Indian Ocean Tsunami that swept away 220,000 lives. But an investigation by the Financial Times suggests a lot of money spent by the United Nations portion of that didn't make it to the victims. Jocelyn Ford reports.