NEW YORK (Reuters) – China let its yuan weaken below 7 to the dollar on Monday, an 11-year low, adding to broad risk aversion on concerns about the escalation of the U.S.-China trade war. Investors dumped export-oriented Asian currencies and rushed into safe havens, with the Japanese yen surging to a seven-month high. Chinese authorities, […]
HONG KONG — Antigovernment protesters in Hong Kong mounted their fiercest challenge to the authorities on Monday, disrupting more than 200 airline flights, occupying malls and blocking roadways and rail lines to snarl the commute for hundreds of thousands of workers. The protesters called for a general strike in an effort to halt daily life […]
(Reuters) – European shares sank to a two-month low on Monday as a global sell-off spurred by trade tensions deepened, sending China’s yuan to its lowest in more than a decade and sinking trade-sensitive mining, luxury and technology stocks. The pan-European STOXX 600 index fell 2.3%, which, taking into account Friday’s losses, made for the […]
LONDON (Reuters) – Gold priced in sterling soared to a record high on Monday, spurred by fear of a disorderly British exit from the European Union and a generalized flight to safe-haven assets that intensified with rising U.S.-China trade tensions. Gold priced in the British currency has rocketed 25% since early May to a peak […]
LONDON (Reuters) – Emerging market debt and equities suffered their biggest outflows of 2019 on Friday with hefty losses continuing on Monday amid a sharp escalation of Sino-U.S. trade tensions, data from the Institute of International Finance showed (IIF). Analysing high frequency data from local stock exchanges and debt offices, the IIF, found that $2.33 […]
Once upon a time, Disney’s famous princesses were re-imagined as zombies and even as bowls of water. But one of the most intriguing spins on the iconic characters is what is happening among fans in the Philippines. The hashtag #IfDisneyPrincessesWerePinay regularly appears on Twitter, much to the delight of local fans. The fairy tales have […]
(Reuters) – Perkins & Marie Callender’s Holding LLC, operator of two family and casual dining chains, filed for bankruptcy protection on Monday and plans to sell most of its assets, after suffering from lower customer traffic and rising food and labor costs. The Chapter 11 filing is the second in eight years for the Memphis-based […]
SINGAPORE – When Ms Shermaine Ang approached a few female police officers at a career chat session at Hwa Chong Institution (HCI) last year, she first asked them if it was difficult to work in a male-dominated environment. “They said no because everyone in the police force, whether male or female, cares for the same cause […]
In today’s bulletin: India tries to revoke the special status of Kashmir, protests lead to transportation chaos in Hong Kong, power comes back on in Jakarta after a massive blackout and more. Reading this on the web or know someone who might enjoy receiving Asian Insider? Our sign-up page is here. INDIA TRIES TO REVOKE […]
LONDON (Reuters) – Britain’s dominant services sector unexpectedly perked up in July, a major survey showed on Monday, but this did little to shift fears that Brexit risks and U.S.-China trade tensions are pushing the economy close to recession. The IHS Markit/CIPS UK Services Purchasing Managers’ Index (PMI) rose to a nine-month high of 51.4 […]