Monday, 1 Jun 2020

Asia

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U.S. Supreme Court upholds Puerto Rico financial oversight board appointments

WASHINGTON (Reuters) – The U.S. Supreme Court on Monday upheld appointments to Puerto Rico’s federally created financial oversight board that had been challenged by creditors in a ruling that avoids disruption to the panel’s restructuring of about $120 billion of the bankrupt U.S. territory’s debt. The justices, in a 9-0 decision authored by Justice Stephen […]

Oil rescues big banks' commodities profits as gold income tumbles

LONDON (Reuters) – The world’s 12 biggest investment banks cashed in on commodity price volatility caused by the coronavirus in the first quarter, with big increases in income from oil offsetting a tumble in precious metals, consultancy Coalition said. The banks’ net revenue from trading, selling derivatives and other activities in the commodities sector was […]

Oil rescues big banks' commodities profits as gold income tumbles

LONDON (Reuters) – The world’s 12 biggest investment banks cashed in on commodity price volatility caused by the coronavirus in the first quarter, with big increases in income from oil offsetting a tumble in precious metals, consultancy Coalition said. The banks’ net revenue from trading, selling derivatives and other activities in the commodities sector was […]

Asian Insider, June 1: China slams US hypocrisy, S’poreans don’t have enough savings, and Australian universities want their foreign students back

Hi all, In today’s bulletin: China warns America and orders state-run firms to stop buying US farm goods, Filipinos are being paid to move out of the capital, Australia’s universities are planning “safe corridors” for foreign students, and a poll finds that most Singaporeans don’t have enough savings to last them beyond half a year. Reading […]

Euro, Aussie gain on economic recovery hopes

LONDON (Reuters) – The euro briefly hit its strongest since mid-March on Monday and riskier currencies like the Australian dollar rallied as investors looked to further signs that economies may be through the worst of the downturn caused by the coronavirus. Investors were also relieved that U.S. President Donald Trump made no move to impose […]

Japan's April tax revenues see biggest monthly drop in over a decade

TOKYO (Reuters) – Japan’s tax revenue dropped 29.4% in April compared with a year earlier, finance ministry data showed on Monday, posting its biggest monthly year-on-year decline since August 2009, after the payment deadline was pushed back due to COVID-19. Analysts expect further slides over a protracted period as the coronavirus outbreak deals a heavy […]

Digital ambassadors will earn $1,800 to $2,100, with one-year temporary contract

SINGAPORE – The 1,000 digital ambassadors that will be hired this month to help stallholders and seniors learn digital skills will be paid between $1,800 and $2,100, according to multiple job listings for the role seen by ST. These ambassadors, who will come under the new SG Digital Office (SDO) office that was announced on […]

China halts some U.S. agri purchases amid Hong Kong tensions: Bloomberg News

BEIJING (Reuters) – China has ordered major state-run firms to pause some purchases of farm goods from the United States, including soybeans, as Beijing evaluates tensions with Washington over Hong Kong, Bloomberg News reported on Monday, citing unnamed sources. Chinese buyers have also cancelled an unspecified number of U.S. pork orders, according to the report. […]