Saturday, 21 Sep 2019

Air quality inches towards unhealthy levels again, on second day of F1 weekend

SINGAPORE – The haze that lifted on Friday seems to be back on Saturday (Sept 21), the second day of the Formula 1 weekend. Air quality deteriorated overnight as the 24-hour Pollutant Standards Index (PSI) inched towards the “unhealthy” range. The 24-hour PSI reading was 91 to 97, within the moderate range, at 9am on […]

ST Podcast: US-China trade war – Who will blink first?

Asian Insider Ep 2: US-China trade war: Who will blink first? 15:57 mins Synopsis: This is Asian Insider, a series by The Straits Times every Friday. Together with our stable of 30 correspondents based around the world, we give an Asian perspective on the global talking points of the week. In this episode, Nirmal Ghosh […]

Speculators up net long U.S. dollar bets to 5-week high: CFTC, Reuters

NEW YORK (Reuters) – Speculators boosted their net long bets on the U.S. dollar in the latest week to a five-week high, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $15.29 billion in the week ended Sept. 17. The net […]

Fed's Kaplan says he supports modest, limited rate cuts

CORPUS CRISTI, Texas (Reuters) – Dallas Fed President Robert Kaplan said on Friday he supports the “modest and limited” interest-rate cuts that the U.S. Federal Reserve has delivered this year to keep a manufacturing slowdown due to weakening global growth amid rising trade tensions from affecting the rest of the economy. “My concern is that […]

India cuts corporate taxes to boost manufacturing and revive growth

PANAJI, India (Reuters) – India cut corporate tax rates on Friday in a surprise move designed to woo manufacturers, revive private investment and lift growth from a six-year low that has led to major job losses and fueled discontent in the countryside. Prime Minister Narendra Modi, under pressure to make good on a promise to […]

Student loses $500,000 to scammers claiming to be Chinese officials

SINGAPORE – For nearly a week, Ms Zhou (not her real name) hid in a hotel in Somerset and isolated herself from family and friends, under the instructions of scammers impersonating China officials. Believing that she was under investigation by the Chinese authorities for being part of a money laundering syndicate, the 22-year-old student wired […]

Take Five: U.S. money market ruckus – one-off or warning?

(Reuters) – 1/REPO RUCKUS? The sudden stress in U.S. dollar funding markets in recent days has spooked people by stirring memories of the 2008 crisis. A rocketing repo rate — the key measure of liquidity in the global banking system — and a jump in the U.S. Federal Reserve’s target interest rate to levels not […]

A protest Pakistan wants to hide from the world

Why do some protests get reported in Pakistan and others not? M Ilyas Khan examines a story of human rights abuses the media is reluctant to cover and the authorities do not want to be told. Pakistan’s vibrant, at times almost cacophonic media, is struggling to report a fundamental contradiction in state policy. This was […]

As Modi Heads to U.S. to Receive Gates Award, Controversy Follows Him

MUMBAI, India — As Prime Minister Narendra Modi of India prepares for a big trip to the United States, human rights groups and three Nobel Peace Prize winners have criticized the Bill & Melinda Gates Foundation for a prestigious award they plan to bestow upon Mr. Modi next week during his visit. The Nobel laureates […]