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N Korea ballistic missile explodes during launch

  Bloomberg North Korea fired a ballistic missile on Saturday that immediately exploded after launch. The missile was thought to be a mid-range weapon capable of hitting U.S. military bases in Japan or Guam in a move that comes as the international community considers further sanctions on the isolated nation. The projectile, believed to be a Musudan missile, was fired ...

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China plans to launch manned spacecraft on Monday

  Bloomberg China is preparing to launch a manned spacecraft on Monday, marking a crucial step toward the country’s ambition to build and operate its first space station by 2020. The spacecraft is scheduled to blast off on a Long March-2F carrier rocket at 7.30 a.m. Beijing time from Jiuquan Satellite Launch Center in western Gansu province, Wu Ping, deputy ...

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Indonesian insurer to explore $1bn sale

  NEW DELHI / AP AJB Bumiputera 1912, the century-old Indonesian life insurer, is exploring a sale of its business to an overseas investor as it seeks to meet obligations of its more than 5 million policyholders, people with knowledge of the matter said. The Jakarta-based firm is working with a financial adviser to identify potential buyers, including international insurers, ...

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