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Two Hours Turned School Island Excursion to Horror at Sea

bloomberg.com — It was supposed to be their last bit of teenage fun. The realities of life would descend on the 325 students from Danwon High School near Seoul next school year in the form of cram time: nonstop study to prepare for South Korea 's notoriously tough university entrance exams. A four-day field trip to Jeju, a volcanic island whose white beaches and waterfalls lure hundreds of school groups each spring, was the planned distraction.
Two hours turned Korean high school island excursion to horror at sea bloom.bg/1jrSfuB
RT @ghimhehsuhng: Bloomberg tracks down what happened to #Sewol passengers from days of anticipation for trip to death of head teacher http…
RT @ghimhehsuhng: Bloomberg tracks down what happened to #Sewol passengers from days of anticipation for trip to death of head teacher http…
RT @ghimhehsuhng: Bloomberg tracks down what happened to #Sewol passengers from days of anticipation for trip to death of head teacher http…
Show 1 more tweet from Bret Okeson

Chinese Court Seizes Japan Ore Carrier Over Ships Lost in 1930s

bloomberg.com — A Shanghai court ordered the seizure of a Japanese iron ore carrier from Mitsui OSK Lines Ltd. (9104) as compensation for the loss of two ships leased from a Chinese company before the two countries went to war.

South Korea’s Park: Ferry Crew Actions ‘Like Murder’

bloomberg.com — The team investigating the sinking of a South Korean ferry that carried 476 people, most of them high school students, is focusing on why the vessel turned sharply before listing off the country's southwestern coast. The inquiry intensified as divers searched the submerged ship in the hope of finding survivors trapped in air pockets.

Chinese Political Activist Says Tencent WeChat Account Shut Down

bloomberg.com — A Chinese online activist said Tencent Holdings Ltd. (700) shut down his WeChat instant messaging account after he set up a chat group called "Shorting China" to share information on protecting human rights in the country. Wen Yunchao, a rights activist living in New York, said he got a notice April 16 saying his WeChat account was banned for serious violations of company policies.
RT @nwadhams: From Fri: WeChat shuts out prominent Chinese activist. bloom.bg/1eSIpEJ. Escalation in gov't censorship hits personal a…
RT @nwadhams: From Fri: WeChat shuts out prominent Chinese activist. bloom.bg/1eSIpEJ. Escalation in gov't censorship hits personal a…

Qatar Cuts Number of World Cup Soccer Stadiums Amid Rising Costs

bloomberg.com — Qatar reduced the number of stadiums it plans to build for the 2022 soccer World Cup by a third amid rising costs and delays. The country, which won the right to host the world's most-watched sporting event in 2010, plans to build eight stadiums for the event, Ghanim Al Kuwari, the organizing committee's senior manager for projects, said at a conference in Doha today.
After changing date of World Cup and number of stadia, next Qatar will change it to a netball tournament instead: bloomberg.com/news/2014-04-2…
Moving event to winter, cutting stadiums. The only thing they got right was the brown paper bags. bloomberg.com/news/2014-04-2…
RT @BrendanSchwab: RT What about the stadia exports to 3rd world? “@tariqpanja: Qatar Cuts World Cup Stadiums via @BloombergNews http://t.c…
Qatar Cuts Number of World Cup Soccer Stadiums as Costs Rise bloom.bg/1hZVg7V
Show 4 more tweets from Colin Steele, Andy Glockner, Grant Wahl, Tariq Panja

BOJ Recovery Picture at Odds With Cabinet Data: Chart of the Day

bloomberg.com — Central bank Governor Haruhiko Kuroda says one sign of Japan 's recovery under Abenomics is that a gap between the nation's actual and potential growth rates has come close to "zero." A government gauge gives a less optimistic picture.
RT @sphang: BOJ Recovery Picture at Odds With Cabinet Data: Chart of the Day bloom.bg/1nAZ27V via @BloombergNews #Economy #Japan #Abe…

Manulife Favors Asian Dollar Bonds for Currency Advantage

bloomberg.com — Asian dollar bonds are expected to perform better than local debt for a fourth year as a recovering U.S. economy boosts the greenback against emerging-market currencies, Manulife Asset Management says. The region's exchange rates will weaken in the remainder of this year, with the exception of China's yuan and Taiwan 's dollar, Bloomberg surveys of analysts show.
Manulife Favors Asian Dollar Bonds for Currency Advantage@BloombergNews #forex #fx #bond bloom.bg/1fcediG

China Sets Yuan Fixing at Seven-Month Low as Fund Inflows Climb

bloomberg.com — China set the weakest yuan reference rate in seven months after data indicated a pickup in capital inflows. The People's Bank of China reduced its reference rate by 0.01 percent to 6.1591 per dollar today, the lowest since Sept. 11.

First Shanghai Stock Designated for Delisting in 7 Years Plunges

bloomberg.com — CSC Nanjing Tanker Corp. (600087), the first stock set to be delisted from Shanghai's exchange in seven years as China seeks to bolster its markets, plunged as it began its final 30 days of trading.
After #china had first onshore corp bond default. First Shanghai #Stock Designated for Delisting in 7 Years Plunges bloom.bg/1eSFMCU

HS Group Backs Ex-Soros Specialists for New Asia Hedge Fund

By Bei Hu
bloomberg.com — Kenneth Lee and Michael Yoshino, former Soros Fund Management LLC Asia specialists, plan to start their own hedge fund investing in Asian equities with the backing of Hong Kong's HS Group Ltd. in the third quarter.
Hong Kong's HS Group backs Soros alumni's new Asia hedge fund bloom.bg/1febBB1 via @BloombergNews

Treasuries Rise While Gold Falls With Wheat; Yen Slides o

bloomberg.com — New Zealand's dollar advanced a second day, while Japan's yen slipped and the country's stock-index futures were little changed after the Nikkei 225 Stock Average (NKY) capped its biggest weekly jump since November. U.S. stock-index futures climbed. The so-called kiwi strengthened against all major peers as of 8:08 a.m. in Tokyo.
Treasuries Rise While Gold Falls With Wheat; Yen Slides o bloom.bg/1eVKPTt

Ukraine Separatists Hold Ground as U.S. Eyes Sanctions

bloomberg.com — Shootouts in eastern Ukraine over the weekend led to calls for more U.S. economic sanctions against Russia, as a diplomatic accord aimed at defusing the crisis showed little sign of taking hold. Ukrainian and Russian officials traded accusations over responsibility for tensions that escalated since last week's signing of an agreement in Geneva that sought disarmament of all illegal groups and vacating of all seized buildings.
Ukraine Separatists Hold Ground as U.S. Eyes Sanctions bloom.bg/1hfIQDI

Barrick-Newmont Merger Talks Stall

bloomberg.com — Your next video will start in April 21 (Bloomberg) -- Bloomberg's Mia Saini reports on Barrick Gold and Newmont Minging failing to reach an agreement on which mines to sell off as they combine the two companies. She speaks to Angie Lau on Bloomberg Television's "First Up."

Japan’s Abe Sends Traditional Offering to Yasukuni Shrine

bloomberg.com — Prime Minister Shinzo Abe sent an offering to the Yasukuni Shrine in Tokyo, following the visits this month of two cabinet ministers to the site that honors Japan 's war dead, including World War II criminals. Abe's offering was made during the annual spring festival that runs until April 23, Tomoaki Higuchi, a spokesman for the shrine, said by phone today.

Bank Defaults Seen as Dark Side of Deposit Vows: China Credit

bloomberg.com — Chinese Premier Li Keqiang's plan to introduce deposit insurance is meant to comfort the nation's savers as bad loans mount. In the bond market, it's fueling speculation he's preparing to let some banks collapse. Authorities may tolerate failures of smaller banks once depositor safeguards are in place, Kwong Li, chief executive officer of China Lianhe Credit Rating Co.
RT @SandyHendry: #China: "The government is signaling they may be willing to let some of the smaller banks default" bloom.bg/1mpddNm
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