TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said the central bank will “certainly” debate heightening overseas risks at a rate review this week, underscoring concerns among policymakers about the economic fallout of a U.S.-China trade war. The trade frictions and slowing global demand have cast doubt on the BOJ’s forecast that Japan’s economy […]
(Reuters) – Companies going public in the United States face insurance costs that have increased as much as 200% in the last three years to cover their executives against lawsuits alleging they misled investors. A rise in securities class-action cases involving initial public offerings is spurring IPO insurers to double and triple prices for directors […]
(Reuters) – Companies going public in the United States face insurance costs that have increased as much as 200% in the last three years to cover their executives against lawsuits alleging they misled investors. A rise in securities class-action cases involving initial public offerings is spurring IPO insurers to double and triple prices for directors […]
LONDON (Reuters) – Iran’s oil minister met his Russian counterpart in Iran on Monday, industry sources said, raising hopes of progress in resolving an impasse over when OPEC and its allies will hold their next policy gathering. The Organization of the Petroleum Exporting Countries and partners including Russia, an alliance known as OPEC+, have been […]
(Reuters) – Citi Research’s barometer on U.S. economic data surprises decreased on Monday to its most negative level since late April after disappointing data on homebuilder sentiment and New York state business activity. The Citi gauge, which measures whether U.S. economic data come in weaker or stronger than analysts forecast, is monitored by traders for […]
BEIJING (REUTERS) – Two strong earthquakes shook the southwestern Chinese province of Sichuan on Monday (June 17) but there were no immediate reports of casualties in a part of the country frequently affected by strong tremors. The first 5.9 quake was followed around 30 minutes later by another one at 5.2 magnitude, both with a depth […]
BRUSSELS (Reuters) – Protectionism across the globe reached a record high last year due to new barriers designed to restrict trade into China and the United States, according to a report by the European Commission published on Monday. The Commission’s Trade and Investment Barriers Report said that 23 non-EU countries had put in place 45 […]
BEIJING (AFP) – A “suspected explosion” near the China-North Korean border caused a small earthquake on Monday (June 17), Chinese seismology authorities said, less than an hour after news broke about Chinese President Xi Jinping’s upcoming trip to Pyongyang. According to the China Earthquake Networks Centre, the 1.3-magnitude earthquake with a zero metre depth occurred […]
SINGAPORE – When Mr Abdul Hamid Abdul Aziz was getting some fresh air outside his Bukit Batok East Avenue 3 flat on March 16, he did not expect to see it raining shoes. But there, on the fourth floor of the Housing Board block opposite his, was a man throwing shoes from the corridor. When […]
SINGAPORE – Just five months after his early release from prison, a man who was earlier jailed for housebreaking committed a string of vandalistic acts and wrote obscenity-laced messages that insulted Malays. Chen Jianbang, 31, was sentenced on Monday (June 17) to 13 months’ jail and nine strokes of the cane. The Singaporean pleaded guilty […]