NEW YORK (Reuters) – Boston Fed President Eric Rosengren on Friday made a case for keeping the central bank’s actions independent from politicians. “It is important that central banks have flexibility to adjust their tactics to a changing economic environment,” Rosengren said in remarks prepared for delivery at an academic conference in New York. “It […]
In a move that could add fuel to existing tensions between Taiwan and China, Taiwan said it will consider granting asylum to protesters from Hong Kong based on humanitarian concerns. Thirty Hong Kong protesters who stormed the city’s Legislative Council (LegCo) on July 1 have reportedly arrived in Taiwan to seek asylum, Hong Kong’s Apple […]
On Thursday a 15-year-old Muslim boy, returning home from Eid shopping with his three brothers, was killed in a brutal assault by a mob of about 20 men on a train in the north Indian state of Haryana. Police say that the reason for Junaid Khan’s murder – in which his three siblings were also […]
A man shouted “die” as he doused an animation studio with fuel and set it ablaze in Japan yesterday, public broadcaster NHK said, killing at least 33 people in the nation’s worst mass murder in nearly two decades. Prime Minister Shinzo Abe called the attack in the city of Kyoto – the latest grisly killing […]
When things go wrong, those in power often promise to make it right. But do they? In this series, The Times is going back to the scene of major news events to see if those promises were kept. JEJU, South Korea — The promises came too late for the overloaded South Korean ferry, too late […]
NEW DELHI (AFP) – An influential businessman was arrested by Indian police on Friday (July 19) over a half-billion-dollar Ponzi scheme that allegedly defrauded tens of thousands of mostly Muslim investors. Mohammed Mansoor Khan was detained at New Delhi airport upon his return from Dubai, where he had fled last month after winding up his […]
TOKYO/SEOUL (REUTERS) – Japanese Foreign Minister Taro Kono summoned and admonished South Korea’s ambassador on Friday (July 19) in a deepening diplomatic row over compensation for Korean wartime forced labour that threatens global supply of microchips and smartphone display screens. The dispute took a tragic turn earlier on Friday when a South Korean man set himself on […]
(Reuters) – European stocks ended lower on Thursday, as earnings worries ran high after poor results from software firm SAP sank technology shares, although hopes of looser monetary policy from the European Central Bank helped indexes bounce off early lows. After falling as much as 0.7% during the session, the pan-European STOXX 600 index closed […]
NEW YORK (Reuters) – A U.S. interest rate cut could lift people’s expectations for inflation and reset bond prices, St. Louis Federal Reserve President James Bullard said on Friday. “Signals were that we were highly likely to ease at the July meeting – so now that’s all been priced into the market – so if […]
WASHINGTON (Reuters) – U.S. President Donald Trump on Friday kept up his pressure on the Federal Reserve as the U.S. central bank’s next meeting approaches later this month, when financial markets expect an interest rate cut. Trump, in a tweet, reiterated his call for lower interest rates and slammed the Fed for what he called […]