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China finds new bird flu case in eastern Fujian province, signaling the spread of the H7N9 virus

China finds new bird flu case in eastern Fujian province: Xinhua

BEIJING (Reuters) – Chinese authorities discovered on Friday the first case of a new strain of bird flu in the eastern province of Fujian, signaling the spread of the virus which has killed 23 people in China, the official Xinhua news agency reported. The flu was first detected in March. This week, the World Health Organisation called the virus, known as H7N9, “one of the most lethal”, and said it is more easily transmitted than an earlier strain that has killed hundreds around the world since 2003. Fujian’s health authority said a 65-year-old man surnamed Luo had tested positive for the virus, Xinhua reported. Thirty-seven people who had been in close contact with the man had not shown symptoms of the flu. Chinese scientists confirmed on Thursday that chickens had transmitted the flu to humans. This week, a man in Taiwan become the first case of the flu outside mainland China. He caught the flu while travelling in China.

Published on Apr 26, 2013

SHANGHAI (AFP) – China’s deadly outbreak of H7N9 bird flu has spread to a province in the country’s south, the government said on Friday, marking the second announcement in two days of a case in a new location. The local health bureau in the south-eastern province of Fujian said a 65-year-old man was confirmed to have the virus. On Thursday, the eastern province of Jiangxi confirmed its first case of H7N9, in a 69-year-old-man. More than 110 people in mainland China have been confirmed with H7N9, with 23 deaths, since the government announced on March 31 that the virus had been found in humans. Most cases have been confined to eastern China. The island of Taiwan has also reported one case. A Chinese expert earlier this week warned of the possibility of more cases in a wider geographical area. Read more of this post

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Malaysia has banned all imported chicken from China and is urging its own poultry farmers to beware of bird flu after Taiwan reported a case of the deadly strain, the first outside mainland China

April 26, 2013, 10:36 a.m. ET

Malaysia Bans Chicken Imports From China

By SHIE-LYNN LIM

Malaysia has banned all imported chicken from China and is urging its own poultry farmers to beware of bird flu after Taiwan reported a case of the deadly strain, the first outside mainland China.

Malaysia will only resume imports of China’s poultry when China is able to contain the new avian flu subtype and is declared free from the strain, Nazahiyah Sulaiman, spokeswoman at Malaysia’s Department of Veterinary Services (DVS) said. Malaysia joins Vietnam and Indonesia, which banned all poultry products from Asia’s largest economy earlier this month. Read more of this post

Shopping Tax Free on the Web Nears End

April 25, 2013, 7:48 p.m. ET

Shopping Tax Free on the Web Nears End

By ANN ZIMMERMAN in Dallas, GREG BENSINGER in San Francisco and JOHN D. MCKINNONin Washington

WASHINGTON—Online shoppers, beware. Freedom from sales taxes is on the way out. Late Thursday afternoon, in a 63-to-30 procedural vote, the Senate cleared the way for passage of a bill to effectively end tax-free shopping online. A final Senate vote is scheduled for May 6. The bill, called the Marketplace Fairness Act, would allow states to require online sellers around the country to collect sales tax for them on purchases made by their residents.

Big online sellers have expanded their physical operations nationwide, building warehouses and other facilities to speed delivery, while traditional stores increasingly have an online presence. That has turned the tables for the online retailers, which had benefitted richly from not having to charge shoppers a sales tax on their goods in most states. With their advantage eroding, the Web stores have become part of a surge of corporate support helping to propel the Senate bill toward likely passage, at least in that chamber and possibly also in the House. Read more of this post

Knock, Knock, Who’s the “Buffett CEO” in Asia? Part 1 and 2 (Go to BeyondProxy.com, where value investing lives)

GWMARBKewpieJMATAsiaBamboo Innovator is featured in BeyondProxy.com, where value investing lives:

Who’s the Buffett CEO in Asia? Part 1 on China’s Great Wall Motor, April 23, 2016 (Weblink: BeyondProxy.com)

Who’s the Buffett CEO in Asia? Part 2 on Australia’s ARB Corporation, April 26, 2013 (Weblink: BeyondProxy.com)

Kewpie: Japan’s Heinz and R.E.S.-ilient Bamboo Innovator, April 20, 2013 (Weblink: BeyondProxy.com)

Value Investors in Asia: Making Sense of the Micro Vs. Macro Dilemma, April 16, 2013 (Weblink: BeyondProxy.com)

H7N9 cases likely to increase in Taiwan, health officials; 133 reported cases of flu-like illnesses starting from April 3, 30% are seasonal flu, 70% unconfirmed

H7N9 cases likely to increase in Taiwan, health officials say

Friday, Apr 26, 2013
The China Post/Asia News Network
By Ann Yu

In light of the confirmed case of H7N9 in Taiwan on April 24, Chang Feng-yih, the commander of the Central Epidemic Command Center (CECC) for H7N9 influenza has reported that the number of H7N9 cases is likely to increase following the bird migration season in Autumn, and has asked all officials to stay alert. He added that there have been 133 reported cases of flu-like illnesses starting from April 3, with 30 per cent confirmed later to be seasonal flu. Read more of this post

What Apple Can Learn From Warren Buffett

What Apple Can Learn From Warren Buffett

Give credit to Apple Inc. (AAPL) and its chief executive officer, Tim Cook, for getting serious about returning unneeded capital to shareholders. As for the details, some of them don’t seem well thought out.

The maker of iPhones and iPads this week said its board approved a sixfold increase in its stock-repurchase plan to $60 billion. Not long ago, even discussing the idea of large share buybacks was a nonstarter for Apple. Now that its stock has tanked, the company is acting like they are a must-do, no matter what else the future might bring. At about $408 a share, down 42 percent since its record high in September, Apple has a stock- market value of $383 billion.

“This is the largest single share repurchase authorization in history and is expected to be executed by the end of calendar 2015,” Apple said in an April 23 news release, the same day the company reported its first quarterly profit decline in a decade.

How could Apple be so confident it will spend the whole $60 billion by then? That’s hard to say. The company is under no obligation to complete the repurchase program, although it obviously wants the markets to believe it will. Apple’s statements this week suggested it would carry out the plan without regard to price, which should be the most important consideration of all. Read more of this post

Southeast Asia’s 2015 unity dream collides with reality; “This kind of exercise – highly ambitious, short time-lines – simply works to fracture the organization further.”

Southeast Asia’s 2015 unity dream collides with reality

Thu, Apr 25 2013

By Stuart Grudgings

BANDAR SERI BEGAWAN, Brunei (Reuters) – Southeast Asian nations have quietly begun to row back on a deadline of forming an “economic community” by 2015, confirming what many economists and diplomats have suspected for years as the diverse group hits tough obstacles to closer union.

Rather than referring to the end of 2015 as a firm goal, officials at this year’s first summit of leaders of the Association of Southeast Asian Nations (ASEAN), whose 10 members range from glitzy Singapore to impoverished Myanmar, prefer to call it a “milestone” to be built on in years ahead.

In so doing, they are bowing to the reality of slow progress and even some regression on politically sensitive goals, such as eliminating non-tariff barriers and lowering obstacles to the free flow of labor in the diverse region of 600 million people. Read more of this post

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