Week ahead in Asia & Pacific from July 5
Following are some of the main Asia and Pacific news events expected this week (all times GMT).
- - - - -
SATURDAY, July 5
SEOUL - Street protests called by civic groups and labour activists against the South Korean government's economic policies. Recent protests have led to a crisis for the government and delayed President Lee Myung-bak's plans for economic reforms.
SAPPORO, Japan - Peace walk by activists, including anti-G8 protesters. Organisers estimate 5,000 to 10,000 to take part in the march through central part of Sapporo, with speeches, singing and maybe dancing, to protest against the G8 leaders summit taking place in another part of Hokkaido, northern Japan.
- - - - -
SUNDAY, July 6
KUALA LUMPUR - Malaysia's opposition holds mass protest against fuel price hikes amid rising political tensions that has seen sex, sodomy, murder and cover-up claims against top politicians.
SAPPORO, Japan - Non-government organisations hold People's Summit, seen as an alternative to the G8 summit. Themes include environment, peace and human rights, development and poverty.
- - - - -
MONDAY, July 7
TOYAKO, Japan - Leaders of the world's richest nations gather in a luxury hotel overlooking Toyako, a lake and hot springs resort in Hokkaido, northern Japan, for the annual summit of the Group of Eight industrialised nations.
Climate change, along with soaring food and oil prices will dominate the agenda but issues ranging from North Korea's nuclear programme to Zimbabwe's election crisis will likely be discussed by the leaders of Britain, Canada, France, Germany, Italy, Japan, the United States and Russia.
Japan has invited the leaders of major economies such as India and China to join discussions on climate change, while seven African leaders will join talks on development issues for their continent during the summit running till July 9.
- - - - -
TUESDAY, July 8
TOYAKO, Japan - Day two of G8 summit, focus expected to be on soaring food and oil prices, and climate change.
- - - - -
WEDNESDAY, July 9
TOYAKO, Japan - G8 working session with leaders of Brazil, China, India, Mexico, South Africa.
SINGAPORE - International Monetary Fund's working group on sovereign wealth funds meets (until July 10) as part of efforts to draw up a code of practice for wealth funds amid concerns governments might use acquisitions in other countries to advance their own national interests. Funds from China, Abu Dhabi, Norway, Russia and Singapore are among those expected to attend.
- - - - -
THURSDAY, July 10
HONG KONG - Macau gambling tycoon Stanley Ho's casino flagship SJM makes its long-awaited stock market debut in Hong Kong after a nearly $500 million initial public offering. Ho hopes the offering will cash in on a gambling boom in the former Portuguese colony despite slumping financial markets and a global economic slowdown that has forced many companies to scrap or suspend fund raising plans.
SEOUL - The central bank is expected to keep interest rates on hold at its monthly meet, bucking regional trends toward tighter monetary policies. Analysts expect the Bank of Korea to lean toward supporting growth and use other methods to control cost-push inflation such as intervening to strengthen the won currency. The bank has left rates unchanged for 10 straight months.
BEIJING - China, the workshop of the world, details June trade data. Exports have held up well in the face of a sluggish U.S. economy, but are no longer expanding at the torrid rate of the past few years. Financial markets will be looking for evidence of a further slowing in exports, which will also provide clues on the country's industrial production growth after the devastating earthquake in Sichuan.
- - - - -
FRIDAY, July 11
SEOUL - South Korea's POSCO (005490.KS: Quote, Profile, Research), the world's fourth largest steel maker, is expected to report strong earnings as it was able to raise prices to offset soaring raw material prices. But investors fear slowing global demand from big steel buyers like automakers and construction companies could curb steel sales in coming months and make it harder to pass on higher costs.
WELLINGTON - Apple (AAPL.O: Quote, Profile, Research) begins the Asia launch of its much-hyped iPhone, hoping it will rack up impressive sales in the tech-crazy region and help the company surpass its sales goal of 10 million units by the end of 2008.
- - - - -
For related data and diaries please click on:
Forex Diary [MI/DIARY]
Top events [M/DIARY]
Diaries [DIARY]
Diaries Index [IND/DIARY]
Economic Forecasts ECON
Asia Economic Forecasts ECONASIA ECONJP ECONJP
Asia Company Earnings [ASIA/EQTY]
Official rates [INT/RATE]
UP-TO-THE-MINUTE ASIAN HEADLINES General News [ASIA-G] Politics [ASIA-POL] Stock Markets [ASIA-STX] Foreign Exchange [ASIA-FRX]
HOW TO FIND INFORMATION YOU NEED
REUTERS NEWS <PHONE/HELP> EQUITY
BONDS MONEY COMMODITY ENERGY ..................
© Thomson Reuters 2009 All rights reserved
Pledge to support economies
G20 financial leaders pledged to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured. Full Article | Related Story












