Political News


The Speaker of Japan's lower house of parliament, Bunmei Ibuki, on Friday announced the dissolution of the House of Representatives, paving the way for a general election in December. A two-week campaign for the December 14 election will begin on December 2, Kyodo news agency reported. Prime Minister...

ShinzoAbe-111814.jpg Japan's Prime Minister Shinzo Abe has called an early parliamentary election. He announced at a news conference Tuesday that he will dissolve the lower house of parliament on Friday, paving the way for a general election in December. Abe also told reporters that he is postponing a planned but unpopular increase in sales tax by 18 months to April 2017. Abe said his party would seek people's mandate

Indonesiafuelprice-111814.jpg Indonesia's new president Joko Widodo raised fuel prices by more than 30 percent late Monday, following which the central bank called a special meeting to review policy on Tuesday, leading to speculation that it may hike interest rates to check a likely surge in inflation. The Indonesian stock market rallied on Tuesday and the rupiah strengthened on expectations of an interest rate hike.

Australia-chinatrade-111714.jpg Australia Prime Minister Tony Abbott and President Xi Jinping on Monday concluded negotiations for a free trade pact between both countries that will further broaden the avenues for economic cooperation. The China-Australia Free Trade Agreement, or ChAFTA, will provide Australian businesses unprecedented access to the world's second largest economy, Abbott said in a statement.