Pacific Tribune
Gathering Art and Lifestyle News about Issues for the Pacific Basin
朝日新聞社：331 students had job offers annulled :Japan
Sunday, November 30th, 2008
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asahi.com（朝日新聞社）：331 students had job offers annulled - English
At least 331 students graduating next March had their job offers canceled, while an estimated 30,000 nonpermanent employees have lost or will lose their jobs during the six months through March, the labor ministry said Friday.
Globalisation RIP ?
Friday, August 1st, 2008
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Afew from the European Tribune has collected a series of quotes and links to credible sources of opinion on the future trading partners of the global economy. This is worth a read.
European Tribune - Globalisation RIP ?
Globalisation RIP ?
朝日新聞社：G-8 expansion worries Tokyo
Tuesday, July 1st, 2008
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asahi.com（朝日新聞社）：G-8 expansion worries Tokyo - English
This is the first in a series on the G-8 summit in Hokkaido that starts Monday.
If French President Nicolas Sarkozy puts Japanese government officials on edge during next week’s Group of Eight summit, it will probably have little to do with his wife, singer and former model Carla Bruni, grabbing the media spotlight.
A more likely cause of concern for the host nation at Lake Toyako, Hokkaido, is Sarkozy’s proposal to include China, India and other emerging economies in the G-8 framework.
China: Tightening concerns sink stocks
Friday, June 13th, 2008
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Tightening concerns sink stocks
The benchmark Shanghai Composite Index lost 3.00 percent to close at 2,868.80 points, slightly higher than the intra-day low of 2,865.50. For the week, the gauge fell 13.84 percent.Inflation and tightening concerns were believed to be the culprit of the meltdown. China’s wholesale inflation picked up in May to a three-year high of 8.2 percent, while the consumer inflation eased to 7.7 percent in the month, but still far above the official target of 4.8 percent for the whole year.
Peru to sign free trade agreements with Canada and Singapore, looks to Asia for more free markets
Wednesday, May 28th, 2008
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Peru to sign free trade agreements with Canada and Singapore, looks to Asia for more free markets | Peruvian Times
Peru to sign free trade agreements with Canada and Singapore, looks to Asia for more free markets
International students in B.C. get a break on work permits
Tuesday, May 20th, 2008
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International students in B.C. get a break on work permits
VANCOUVER - The B.C. government on Tuesday announced a pilot expansion of the Off-Campus Work Permit Program for international students in B.C., according to a news release.Effective immediately, international students studying at eligible private post-secondary institutions in B.C. can now apply for off-campus work permits.
Steel price goes up and Japanese car prices likely to rise too!
Thursday, May 15th, 2008
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asahi.com : Average steel price likely to top 100,000 yen a ton for the first time - ENGLISH
Average steel prices will likely top 100,000 yen ($952.47) a ton for the first time, leading to more expensive cars, electronic appliances and other products, sources said Wednesday.
Growth of exports in steady decline
Thursday, May 1st, 2008
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Growth of exports in steady decline
The growth of exports from China’s labor-intensive industries is slowing, and the trend is set to continue, the Ministry of Commerce said Wednesday.In the first quarter of the year, the value of clothing exports rose 14.7 percent, less than the 17.6 percent growth reported for the same period of last year, the ministry said in a report. Similarly, the value of shoe exports rose 11.2 percent (compared with 16.7 percent last year) and toy exports grew 3.3 percent (down from 29.9 percent).
Saving the USA
Friday, April 11th, 2008
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Bloomberg.com: Latin America
April 11 (Bloomberg) — Chile’s central bank, under pressure from lawmakers and exporters to weaken the peso, plans to buy U.S. dollars in currency markets to shield the economy from global financial turmoil.“The central bank’s council decided today to intervene in the foreign-exchange market to strengthen the international liquidity position of the Chilean economy,” the bank said in a statement on its Web site last night.
China’s yuan trades 7:1 against the dollar
Monday, April 7th, 2008
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China’s yuan trades 7:1 against the dollar
China’s currency, the yuan, has continued its strong ascent in value against the US dollar, as the central bank set the medium parity trading rate at 7:0015 against the greenback on Tuesday. There only exists a wafer thin distance to reach the benchmark of 7:1 yuan vs dollar ratio. The People’s Bank of China abolished a fixed rate targeting the US dollar in July 2005. Since then, the yuan’s value has been determined by the market performance of a basket of major foreign currencies, including the dollar, the euro, and the Japanese yen
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