LONDON (Reuters) – The euro hovered near its weakest level since May 2017 on Friday as traders waited to see whether United States GDP numbers due out later will reinforce signs of economic strength and send the dollar surging even higher. After a small rise in volatility this week – albeit from multi-year lows – […]
SINGAPORE – Fort Canning Link and Fort Canning Tunnel will be temporarily closed for a week beginning on Saturday (April 27) at 12am. The closure is to facilitate Singapore Management University’s (SMU) construction of a bridge as part of its Tahir Foundation Connexion project, said SMU in a statement earlier this month. The road will […]
BEIJING (AFP) – President Xi Jinping vowed on Friday (April 26) to abolish unreasonable subsidies to Chinese firms that impede fair competition – addressing a key United States demand ahead of trade war talks next week. The world’s top two economies are inching closer towards a deal aimed at resolving a months-long dispute that has included […]
SINGAPORE – The pouring rain did nothing to dampen the spirits of excited preschoolers gathered at Gardens by the Bay on Friday (26 April) for the launch of the President’s Challenge “Start Small Dream Big” initiative. The wide grins and orange bucket hats created a suitably bright atmosphere at the Bayfront Pavilion as Social and […]
The alleged ringleader behind Sri Lanka’s Easter Sunday bombings was killed in the attacks, President Maithripala Sirisena said. Mr Sirisena said Zahran Hashim, a radical preacher, died at the Shangri-La hotel in the capital, Colombo. He said Hashim led the attack on the popular tourist hotel, accompanied by a second bomber known as “Ilham”. At […]
ABU DHABI (Reuters) – State-owned Mubadala Investment Company said it has launched a new $1 billion fund, Abu Dhabi Catalyst Partners, to explore opportunities within the United Arab Emirates and abroad. The new fund will be based in Abu Dhabi Global Market (ADGM), the financial centre of Abu Dhabi, and will make use of Mubadala’s […]
A memorial service has been held in Christchurch, New Zealand, and screened around the nation, to honour the 50 victims of the 15 March shootings. Prime Minister Jacinda Ardern spoke at the televised event, along with Muslim leaders and a survivor of the attack. Cat Stevens, the British singer who converted to Islam in the […]
ZURICH (Reuters) – The U.S. Department of Justice (DOJ) said late Thursday that Zurich Insurance will pay a penalty of $5.1 million to the United States in a case involving insurance policies and accounts used by U.S. customers to evade taxes. “From Jan. 1, 2008, through June 30, 2014, Zurich issued or had certain insurance […]
SEOUL (BLOOMBERG) – South Korea’s Moon Jae-in has staked his presidency on tackling two big challenges: North Korea and the economy. Both are proving stubborn foes. The country’s gross domestic product contracted 0.3 per cent in the first quarter – the biggest decline in a decade – the Bank of Korea said Thursday (April 25). […]
NEW DELHI (BLOOMBERG) – India’s ruling Bharatiya Janata Party (BJP) has trained over 1.1 million workers on ways to influence citizens in the world’s biggest democracy to vote for the party. The trained pro-bono cadres have fanned out across the world’s seventh-largest landmass to contact voters and educate them about Prime Minister Narendra Modi’s programmes […]