Billionaire James Packer, one of Australia's richest men, on Tuesday announced he was setting up a philanthropic foundation to give away AU$200 million (US$188 million).
Japan on Tuesday cut its fiscal year growth forecast for the world's number three economy, blaming weak exports and rising imports as well as the impact of April's sales tax hike on consumer spending and business confidence.
Japan and Mongolia will sign a free-trade deal when their leaders hold talks in Tokyo later Tuesday, reports said, as Japan looks to tap the country's fast-growing economy and huge natural resources.
South Korean police announced Tuesday that a badly-decomposed body found last month had been identified as that of the fugitive tycoon whose family owned the ferry which sank in April with the loss of 300 lives.
Twenty-eight people, including activists and a retired Catholic bishop, filed an impeachment complaint Monday against Philippine President Benigno Aquino III for his implementation of a major economic stimulus program that the Supreme Court has declared partly unconstitutional., 1 Comment
North Korea's top military body Monday defended its recent missile tests as a legitimate exercise in self-defense, and said South Korean and U.S. charges of provocation were malicious and hypocritical.
Philippine President Benigno Aquino presided over the opening on Monday of what is billed as the world's largest indoor stadium, erected by a politically influential religious sect.
By the end of this century, 20 percent of Vietnam's business hub Ho Chi Minh City will be inundated and 39 percent of the Mekong Delta will be submerged, according to a Vietnamese study.
A roller-skating instructor was due in court Monday over the alleged rape of a six-year-old student which sparked protests from outraged parents, an official in the Indian city of Bangalore said.
A 6.2-magnitude earthquake struck off Japan's northeast coast early Monday morning, the U.S. Geological Survey said.