DHAKA (BLOOMBERG) – For the first time in 30 years, Newage Group, a Bangladesh-based garment manufacturer, is sensing an opportunity to sell in the US. And it has US President Donald Trump’s battle with China to thank. Newage, a supplier to Hennes & Mauritz AB, has been doing business with European companies for three decades […]
NEW YORK (Reuters) – Alex Navab, who worked as a top dealmaker at KKR & Co Inc (KKR.N) for more than two decades before starting his own private equity firm earlier this year, died on Sunday. He was 53. Navab died while on vacation with his family, Navab Capital Partners said in a statement on […]
KATHMANDU, Nepal — A Nepali court on Monday sentenced a lauded Canadian humanitarian to nine years in prison for raping two young boys last year, a case that bared a troubling trend of predatory behavior by aid workers in Nepal. The humanitarian, Peter Dalglish, who worked for decades as an advocate for children in impoverished […]
(Reuters) – Banks led European shares slightly lower on Monday as Deutsche Bank slid despite a major restructuring move, while fading hopes of a sharp interest-rate cut by the U.S. Federal Reserve weighed on broader markets. The pan-European STOXX 600 index ended marginally lower with all major indices in the red. Madrid’s bank-heavy index .IBEX […]
HONG KONG — When hundreds of thousands of people in Hong Kong peacefully took to the streets last month, they had a few specific demands, including the withdrawal of an unpopular bill and an investigation into police abuse. In recent days, they added another call: the right to direct elections. This latest demand brought into […]
SINGAPORE – Ties between Armenia and Singapore go back 200 years to when the British founded modern Singapore, with Armenians among the first migrants to the new free port, said Prime Minister Lee Hsien Loong on Monday (July 8). Although their numbers were not large, the Armenian community has made a significant impact here, PM […]
SINGAPORE – A woman had to be rescued from her vehicle after an accident with a taxi on Monday (July 8). The police were alerted to the accident at the junction of Lentor Avenue and Yio Chu Kang Road at 5.48am. A motorcycle was also involved in the accident, said the police. The 51-year-old woman […]
SINGAPORE – A track fault near Yew Tee station is causing delays on the North-South Line during the evening peak on Monday (July 8). Alerts from commuter groups said train announcements had warned of journeys from Jurong East to Kranji taking five minutes longer than usual. Facebook user Alan Charles Yap, an administrator for disruption […]
KUALA LUMPUR (THE STAR/ASIA NEWS NETWORK) – Malaysia’s Islamist party PAS has declined Prime Minister Mahathir Mohamad’s invitation to other Malay parties to join his Parti Pribumi Bersatu Malaysia (PPBM). Parti Islam SeMalaysia (PAS) deputy president Tuan Ibrahim Tuan Man said on Monday (July 8) that PAS is sticking to its formal cooperation with former […]
SINGAPORE – Transport Minister Khaw Boon Wan said on Monday (July 8) that the Government is currently subsidising more than 30 per cent of public transport operations, and indicated that higher fares would be necessary to keep subsidies in check. “Between 2016 and 2017, the total cost of running the rail network has increased by […]