BBC.CNN WORLD NEWS
Showing posts with label taiwan. Show all posts
Showing posts with label taiwan. Show all posts

Thursday, April 12, 2012

2 students from China fatally shot near Los Angeles campus

2 Chinese student shot in Los Angeles
Students bring flowers to the site of the slayings of their friends in Los Angeles
LOS ANGELES –  Gunfire shattered the window of the BMW near the University of Southern California campus just after midnight, striking two Chinese graduate students inside.

The driver was able to make it from the car, through the rain, to a house where he pounded on the door pleading for help.

Ying Wu and Ming Qu, who police say were believed to have been dating, were dead by the time they got to the hospital Wednesday morning as police spread out looking for a killer suspected of bungling a carjacking.

The slayings shook the campus, which has a large international student population, and laid bare a parent's worst nightmare: having their child harmed in a faraway place.

Hundreds gathered Wednesday night on campus for a candlelight vigil in memory of Wu and Qu.

"The hearts of the Trojan family are broken," said Dean of Religious Life Varun Soni who opened the ceremony.

Votive candles in the shape of a heart and white roses and lilies sat at the foot of the Tommy Trojan statue, the university's collegiate symbol, where grieving students dressed mainly in black and faculty gathered for the vigil.

Clay Dube, executive director of the USC-China Institute told the crowd that Wu and Qu were brave, serious and diligent and they had traveled a long way to study here.

"The families have invested so much in these children, so much love, so much hope, and the children know that. They know the expectation is they will come here and succeed," Dube said.

At USC, the international student presence is enormous -- it has the largest number of any university in the U.S. Roughly 19 percent of the school's 38,000 students are from overseas, including 2,500 from China.

And some students said the shooting could be a cautionary tale for others who want to study overseas.

"If parents hear about this in China, it might affect their decision," said Chrissy Yao, a Chinese-American who moved to the U.S. when she was 10 and is a senior engineering student. "Since two lives were lost, I think concerns will remain for quite a while."

Police said the shooting occurred around 1 a.m. and may have been a robbery or a carjacking attempt. Witnesses said the car was in the roadway, not at the curb, at the time of the shooting.

Later Wednesday, bouquets of roses, daisies, gladiolas and calla lilies sat next to a small table on the walkway of the home to which Qu ran for help. On the table was a remembrance book with a sign that read: "We will give this book to the parents of Ying Wu and Ming Qu. Write here in English or Chinese if you would like to share your thoughts with them."

Gloria Tigolo lives on the tree-lined street of two-story homes and apartment buildings and said she heard a gunshot. She said she went downstairs but didn't go outside because it was raining.

Investigators said earlier that several shots were fired at the couple.

Four people have been killed this year in the area, police said, but violent crime in the area is down 20 percent this year. Neighborhood watch signs are posted along the street and police were trying to determine if there are any surveillance cameras in the area.

Tigolo said she would often see Wu, 23, in the neighborhood, wearing dark sunglasses but rarely saw her drive.

Qu managed to get out of the car and run to a nearby home, where he pounded on the door, police Cmdr. Andrew Smith said. It wasn't known if anyone answered the door before the man collapsed. Qu would have celebrated his 24th birthday on Thursday.

The gunman fled on foot, and no description has been yet released by authorities.

Jiewen Zhu, a 24-year-old financial engineering graduate student from northern China, said she called her mother after hearing the news of the shooting.

"I just left a message to tell her I am fine, I'm OK -- I just don't want them to worry," she said. "This is really bad that it happened to us and our students, but I didn't feel so threatened."

Jessie Cai, 21, is an undergraduate student in electrical engineering and an international student from China who lives in the West Adams neighborhood. Cai said she is shaken over the shooting and is thinking of moving out of the area as a result.

"I do worry because we get a lot of crime alerts but we never actually catch the criminals," she said. She said she hasn't told her parents about the shooting yet, but she is sure "they will be freaking out" about it.

USC is in an urban center within a mile of gang-infested neighborhoods that have been plagued by high crime. The last time a USC student was killed was in September 2008 when Bryan Frost, 23, of Eagle, Idaho, was fatally stabbed by a former usher at USC football games.

Travion Ford was sentenced to 16 years to life after being convicted of second-degree murder. The two men were involved in an off-campus altercation.

Nearly 35 percent of the school's 7,226 international students are Chinese, according to the university's 2011 figures. In addition to China, 17.5 percent of USC's international students are from India, 10 percent from South Korea, 5.5 percent from Taiwan, 4.4 percent from Canada, 2.3 percent from Iran and just above 2 percent each from Hong Kong and Indonesia.

Just as Chinese students are the largest segment at USC, they comprise nearly one-fourth of the nearly 724,000 international students attending colleges and universities in the U.S.

In recent years, they have helped fuel record international student enrollment on U.S. campuses.

The types of students who come from abroad tend to skew wealthier because they often have less access to financial aid and must foot more of the bill themselves. With China's economic boom, more families can now afford to send their children overseas.

Both victims were graduate students studying electrical engineering. Their hometowns were not immediately released and messages left for the Chinese consulate were not immediately returned.

Yao, the senior engineering student, said she hopes that campus police could expand their patrol areas near the campus to provide better safety for students.

The West Adams district, where the shooting took place, has seen some revitalization.

Beatriz Moreno, who lives across the street with her family from where the shooting occurred, said the neighborhood has been cleaned up. She said the last shooting she could remember on her street was in 2003.

"We used to see this every day," she said. "There are mostly families here. This is not normal."


News by FoxNews

Read current news at http://bbc-cnn-worldnews.blogspot.com

Saturday, January 14, 2012

Taiwan votes in tight presidential polls

Vote in Taiwan
Tsai Ing-wen cast her vote shortly before 10 am in a suburb of Taipei, AFP
Taipei - Taiwan began voting on Saturday in a tight presidential election that will decide who will run the island and manage crucial ties with China over the next four years.

Polls opened at 08:00 for the island's 18.1 million eligible voters in an election where the choice is essentially between pro-China incumbent Ma Ying-jeou and his main challenger Tsai Ing-wen, a China-sceptic.

"I voted for Ma because I am doing business with China and I often travel there," said businesswoman Ane Wei as she left a polling station in downtown Taipei.

"It'd be more convenient for me and good for my business if he remains in office."

Ruby Yang, an office worker, said she had cast her ballot in favour of Tsai "because I want to see the first female president in Taiwan".

Tsai cast her vote shortly before 10:00 in a suburb of Taipei, and Ma was expected to vote shortly afterwards.

For the past ten days, no opinion polls have been allowed, but the final surveys published last week showed a race too close to call, with Ma of the Kuomintang (KMT) party leading Tsai by as little as three percentage points.

Beijing and Washington are watching closely, as victory for Ma, 61, would likely be seen as a renewed mandate for policies that have brought about the most dramatic thaw in ties with the mainland in over 60 years.

"The reason why the Chinese mainland is so concerned about the Taiwan election is because we are worried that the idea of 'Taiwan independence' will be further spread by the process, as it was in the past," the state-controlled Chinese paper Global Times said on Friday.

Boosting trade

But it went on to say that "with democracy developing, rationality is growing while extremism is on the wane in Taiwan. In the future, the rotation of ruling parties will have a smaller influence on Taiwan's policymaking".

Ma was elected four years ago on a promise to improve Taiwan's economy by boosting trade and travel links with China and the key achievement of his term is a sweeping trade pact signed in 2010.

A win for 55-year-old Tsai could usher in a period of uncertainty in ties with China, as her Democratic Progressive Party (DPP) has traditionally favoured distancing the island from the mainland.

China and Taiwan have been governed separately since the end of a civil war in 1949, but Beijing still claims sovereignty over the island, and has vowed to get it back, even if it must go to war to make it happen.

The United States, too, is keeping a close eye on the election, hoping the outcome will not upset the stability that the strategically vital Taiwan Straits area has experienced since Ma assumed power in 2008.

Further complicating the race is the third candidate, former KMT heavyweight James Soong, 69, who could cost Ma the result by taking crucial votes away.

Officials believe a relatively large proportion of the eligible voters will cast their ballots because of the tightness of the race.

Both Ma and Tsai staged huge rallies in Taipei on Friday to whip up support and try to win the undecided voters who will decide the outcome.

Chang Poh-ya, chairwoman of the Central Election Commission, said on Friday she expected the turnout rate to reach about 80%, compared with just over 76% in the 2008 vote.

The nearly 15 000 polling stations will close at 16:00. The presidential vote coincides with a poll for Taiwan's 113-member parliament, where the KMT currently has a majority.


News by News24


Read current news at http://bbc-cnn-worldnews.blogspot.com

Monday, November 21, 2011

Top Gold Owning Countries of the World - 2011

gold
Gold Bar
Central banks are contributing to world gold demand. The latest data from the World Gold Council indicate even more changes among the nations holding the most in gold reserves. Those are also some of nations whose creditworthiness is now under question during the debt crisis in Europe. 24/7 Wall St. looked at the 13 nations with the highest gold reserves, as well as two institutions, to see how each might affect future gold demand.

While investment demand was the key driver to increased gold demand during the past quarter, it is central bank gold buying and selling that is going to be a key factor for demand ahead. The council projected that central bank demand is expected to continue as creditworthiness woes of western governments has come front and center. In fact, the council also cited many new central bank entrants have emerged as they move to diversify reserves. Further, the council sees this increased central bank activity trend continuing into 2012.

24/7 Wall St. reviewed the top 13 nations that hold the lion’s share of the world’s gold reserves, according to the World Gold Council’s International Financial Statistics. Of course, many nations will have new gold reserve data in 2012. And some of the data remained unchanged from prior months. Our aim here is to show which nations probably are increasing or lowering their gold reserves into 2012 and why.

The European credit crisis and emerging market weakness are what is likely behind central banks’ demand. Total gold demand rose 6% in the third quarter from a year earlier to 1,053.9 tonnes. This equates to roughly $57.7 billion — an all-time high in value terms. Investment was the large driver for increased gold demand, while jewelry demand was soft.

These are The 13 Countries That own The World’s Gold.

13) Venezuela holds 365.8 tonnes.
Venezuela increased its gold reserves by nearly 5%. Hugo Chavez may be no friend to the United States, but oil sales and business nationalization (or seizure) has continued to add more wealth to the nation’s government. Venezuela’s population is only 27 million and it is the sole Latin American country among the top nations holding gold. In 2010, Venezuela bought 3.1 tonnes, according to the World Gold Council. That’s after buying 4.1 tonnes locally in 2009. Venezuela has continued adding gold, and if history is an indicator it is likely to keep adding gold.

12) Portugal holds 382.5 tonnes.
Surprisingly, one of the PIIGS nations (Portugal, Italy, Ireland, Greece, Spain), Portugal, is also a top holder of gold. The European nation has a population of almost 11 million people. Does this go back to the days of its empire building ambitions, or is it because the nation was able to remain neutral in World War II? If Portugal is really in such dire straights, perhaps the Europeans could start demanding that Portugal pledge some of its gold reserves to bolster its finances. Portugal has already been a part of the prior Central Bank Gold Agreement as a seller in recent years, so it seems logical that the nation would be selling to hold up on its debt and entitlement obligations.

11) Taiwan holds 423.6 tonnes.
Taiwan is another surprise as one of the world’s largest gold holders. It has a vast electronics sector, and maybe its high gold holdings help it stay financially relevant in its long ongoing confrontation with China. The nation is already considered wealthier than many neighboring countries on a per capita basis. The accumulation of gold by China makes it unlikely Taiwan would sell much gold now.

10) India holds 557.7 tonnes.
India’s gold holdings are still officially the same as they were at the beginning of the year, but it seems likely that it will increase its central bank holdings. The nation has about 1.2 billion people and its economy is growing — even though the government has fought inflation in 2011. Gold is entrenched in Indian culture that India is likely to continue accumulating more gold. Almost one-third of the world’s jewelry demand comes from India, and the country acquired 200 tonnes of the IMF gold sales in late-2010. India would seem to be a buyer of gold not just in 2012, but in the years ahead.

9) The Netherlands holds 612.5 tonnes.
Another fairly small nation with only 16.6 million people is ranked as a top holder of gold. The nation used to hold even more gold but it was a seller of gold from at least 2003 to 2008 under the Central Bank Gold Agreement in Europe. Maybe Holland could help to create a Dutch-led bailout for the PIIGS in Europe. The country’s gold holdings seem unlikely to change very much in 2012.

8 ) Japan holds 765.2 tonnes.
Japan has had to deal with two decades of a sluggish economy and its currency is currently considered a safe-haven for international investors. The Japanese people are known for keeping cash under their mattresses. The yen feels inflated with its huge debt-to-GDP and no growth. Prices for Japanese goods are getting too expensive for foreigners due to the strength of the Yen. The country is also still recovering from its tsunami and nuclear incident from earlier in 2011. Perhaps Japan will have proven to be a seller in 2011 rather than trying to bolster its foreign currency reserves. If not, it should be.

7) Russia holds 851.5 tonnes.
Russia has been gobbling up gold to bolster the ruble in the past and this appears to be the case this year as well. The new figure of 851.5 tonnes of gold compares to a previous figure earlier this year of 784.1 tonnes. The council had also noted earlier that Russia accumulated some 120 tonnes during the first 10 months of 2010, and that was after adding over 100 tonnes in 2009 and almost 70 tonnes in 2007. The new figure was due to increased purchases after the prior cut-off date. With Russia having vast oil and commodity reserves and with Russia aiming to increase its clout in the world as a financial powerhouse, it seems a shoe-in that it will have proven itself as a buyer of gold into 2012.

6) Switzerland holds 1,040.1 tonnes.
Switzerland already had to take measures earlier this year to halt the appreciation of the Swiss franc. It is hard to imagine that the nation would be buying gold to prop up its currency even after considering reports in recent years that it ran out of places to securely store gold. Switzerland sold gold under the Central Bank Gold Agreement from 2003 to 2008 before the great gold rush. With a mere 7.6 million people, how much gold does the nation really need? This country could easily lighten up on its gold reserves without its benchmark currency status being challenged.

5) China holds 1,054.1 tonnes.
China has added and added to its gold reserves. There is no reason to expect that to abate, particularly after Barron’s pointed that China is seeking a reserve currency status in the generation ahead. China has a population of 1.3 billion people and a fast-growing economy. The country also bought more than 450 tonnes of gold from 2003 to 2009 and 200 tonnes or more during 2010. With the pressure to get away from the dollar peg, assuring the value of the yuan only leaves the purchase of gold or other hard assets.

4) France holds 2,435.4 tonnes.
The French are not in the same boat as Italy and the rest of the PIIGS, but predicting what will happen with France’s gold reserves is very difficult. With a debt rating downgrade possibly coming down the pipe, France is the second largest foundation of the euro and of the European Union. The nation was part of the Central Bank Gold Agreement as a seller, but this was all before the major run-up in gold and before its own finances have come under question during the European debt crisis. It seems that more light selling is expected, although maybe the nation needs more hard assets as a reserve.

3) Italy holds 2,451.8 tonnes.
Italy was in the Central Bank Gold Agreements as a seller, but now it is the largest concern of Europe and of the PIIGS. It would seem that the Italians are unlikely to sell off their gold reserves. However, it is also likely that to fend off weakness some would argue for asset pledges. The nation has a new government and its economic growth is expected to be limited at best. Releasing gold might address some of Italy’s budget gaps and economic problems. Because Italy’s debt problems are quite large, it is likely that it would be a gold seller into 2012. If not, perhaps pledging those holdings is a runner-up scenario.

2) Germany holds 3,401.8 tonnes.
Germany remains the foundation of the European Union and of the euro. The nation was a seller of gold for coins under the Central Bank Gold Agreements from at least 2003 to 2008, but the sales were not really enough to put a serious dent in its gold reserves. It is hard to see Germany being a buyer of gold, but it likely cannot be a large seller either because it is the largest foundation of the euro. Selling too much gold could further pressure the troubled euro. Still, euro bailout funds have to come from somewhere and Germany could sell some additional gold without challenging its No.2 position among the nations holding gold reserves.

1) United States holds 8,133.5 tonnes.
The U.S. has already lost its prized AAA credit rating and it has magically created a vast amount of dollars to support the bailouts and stimulus packages. The U.S. could always try unloading some gold to fight future commodity price pressures, but the U.S. has now reached the point of leverage and deficits that it has to hold hard assets to fend off another challenge to the dollar as the world’s top reserve currency. Any gold sales today would likely have to be countered by large gold purchases in the future.

Looking from 2011 to 2012, Central Banks, Investment and More
The International Financial Statistics on the World Gold Council’s November report shows that the IMF holds 2,814 tonnes of gold. This technically puts the IMF somewhere between Germany and Italy. If the IMF is going to support bailouts and stabilization efforts, it is easy to consider where that money will come from. After all, the IMF cannot exactly print currency. The IMF’s Executive Board approved the sale of 403.3 tonnes in September 2009, which came to about one-eighth of its total gold holdings at the time.

The European Central Bank had some 502.1 tonnes of gold, according to the same November report. This is more than Taiwan, but less than India.

There are some key statistics to consider as 2011 comes to an end. Investment demand rose 33% from a year ago to 468.1 tonnes in the third quarter, worth about $25.6 billion. Central bank demand in the third quarter added 148.4 tonnes, an obvious effort to support currencies and credit ratings.

The world gold supply was up only 2% to 1,034.4 tonnes in the third quarter over a year earlier. Mine production was up 5% to 746.2 tonnes, while recycling activity was up 13% to 379.1 tonnes.

The investment segment showed that ETFs and investments accounted for 77.6 tonnes, but this was dwarfed by actual gold bars at 294.2 tonnes. Official coins came in a close third place at 76.2 tonnes and another 20 tonnes were for medals and imitation coins. European investment demand reached a record quarterly value of 4.6 billion Euros for 118.1 tonnes, a gain of 13%.

Also, watch Chindia. Chinese jewellery demand was 13% higher year-on-year at 131.0 tonnes; China’s investment demand for gold bars and coins rose 24% to 60.2 tonnes. Indian jewellery demand was down 26% in its seasonally slow quarter and it was compounded by high inflation and gold price volatility, although yearly demand at the end of September was called “very close to the record levels seen in 2010.”

If you tally up the top 15 entities here, the total is close to 26,000 tonnes of gold before counting any of the ETF products. The total tonnes of gold reserves from the International Financial Statistics cited by the World Gold Council is 30,708.3 tonnes. The SPDR Gold Trust (NYSE: GLD) lists some 1,277.36 tonnes worth over $71.5 billion today, but that is live data rather than just third quarter data released by the World Gold Council.

News by AOL


Read current news at http://bbc-cnn-worldnews.blogspot.com