Asia

Asian Americans less attached to their racial identify than black Americans

Washington, December 20 : A team of political scientists have found that Asian Americans are less attached to their racial identity than black Americans, confirming that minority politics in the U. S. is more complex than generally thought.

The research team-comprising Jane Junn from Rutgers University and Natalie Masuoka from Tufts University-say that understanding the increasingly multicultural nature of the U. S. requires perspectives that incorporate, but go beyond, the black historical experience.

Zardari cancels trip to Afghanistan because of bad weather

Zardari cancels trip to Afghanistan because of bad weatherKabul - Pakistani President Asif Ali Zardari, who was scheduled Friday to visit Kabul for the first time for talks with his Afghan counterpart, Hamid Karzai, has canceled his trip because of bad weather, the Afghan presidential palace said.

"Due to bad weather in Kabul and low visibility at the airport, President Zardari cancelled his trip to Kabul today," Simak Herawi, a presidential palace spokesman said.

India halts talks with Pakistan in aftermath of Mumbai attacks

New Delhi - Bilateral talks between India and Pakistan that began in 2004 have been put on hold in the aftermath of the Mumbai terrorist attacks, news reports said Wednesday.

"I do admit there is a pause in the composite dialogue process because of the attacks on Mumbai," Indian Foreign Minister Pranab Mukherjee was quoted as saying by the Times of India newspaper.

Speaking to reporters Tuesday in Srinagar, capital of the northern state of Jammu and Kashmir, the minister said, "We are now waiting to see whether the assurances they have given us are taken to their logical conclusion."

Asian stocks slide after US car industry rescue plan rejected

Asian stocks slide after US car industry rescue plan rejectedTokyo  - Asian stocks fell sharply Friday on news of the collapse of a bailout plan for the US car industry and gloom over the effects of the US financial slump on Asian exporters.

In Japan, stocks dropped 5.56 per cent, ending a week of moderate gains.

The news of the US Senate's rejection of the latest car industry bail-out also led to the highest drop in the dollar against the yen for 13 years, dealing a further blow to Japanese exporters.

Forecaster sees 2009 recovery for Asian economy

Singapore  - Singapore could well be the first economy in Southeast Asia to rebound from the current economic crisis by about third quarter of next year, economist Thierry Apoteker said in a news report Friday.

Apoteker, a French economist and head of a consulting agency, told television station Channel News Asia (CNA) he expected the US and Eurozone to see signs of recovery in the second quarter of 2009, with Asia following suit in the third quarter.

However, he remained cautious about the China factor in Asian economic recovery.

Asian Development Bank warns of difficult 2009 for region

Asian Development Bank warns of difficult 2009 for regionManila - Developing Asia's economic growth will slow down to 5.8 per cent in 2009 as the impact of the global financial crisis spreads to emerging markets, the Asian Development Bank (ADB) warned on Thursday.

According to the Asia Economic Monitor of the Manila-based ADB, Asia's economic resilience will be tested by weakening exports and a sharp slowdown of private capital flows due to the global slump.

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