TORONTO (Reuters) – A Bank of Canada working group proposes expanding the range of transactions used in the calculation of the Canadian Overnight Repo Rate Average (CORRA) interest-rate benchmark, according to a consultation paper published by the central bank on Tuesday. The Canadian Alternative Reference Rate Working Group (CARR) has proposed that CORRA, a risk-free […]
HANOI (AFP, REUTERS) – North Korean leader Kim Jong Un and US President Donald Trump both arrived in Vietnam on Tuesday (Feb 26), the eve of their second summit at which they will tackle how to implement a North Korean pledge to give up its nuclear weapons. Trump flew into the capital Hanoi on Air […]
HONG KONG — Ever since President Trump announced in his State of the Union address that he would be traveling to Vietnam this week for a second summit meeting with North Korea’s leader, Kim Jong-un, journalists around the world have been scrambling to book their flights and hotel rooms. Vietnamese officials, too, have been working […]
WASHINGTON (Reuters) – U.S. homebuilding tumbled to a more than two-year low in December as construction of both single and multi-family housing declined, the latest indication that the economy lost momentum in the fourth quarter. Other details of the report from the Commerce Department on Tuesday were also downbeat and suggested that the housing market […]
PARIS (Reuters) – French consumer confidence jumped in February to its highest level since “yellow vest” protesters started their weekly demonstrations, as households took heart in an improvement in their finances and unemployment fears receded. The reading of 95 points marked the highest level for the consumer confidence index since October, which was the month […]
SINGAPORE – A 29-year-old man has been arrested for his involvement in a series of e-commerce scams, the police said in a release on Tuesday (Feb 26). He is believed to be involved in at least 30 cases of e-commerce scams amounting to $4,500. The police received several reports from victims who had purchased various […]
JAKARTA (REUTERS) – Indonesia’s most populous province has set restrictions on when certain English-language songs can be aired on television and radio, citing concerns over”vulgar” and “negative” lyrics. The West Java provincial broadcast commission identified 85 songs labelled “adult” that can only be aired between 10 pm and 3 am. These include Ed Sheeran’s “Shape […]
SINGAPORE – Fresh university graduates earned a higher starting pay last year (2018), with those in the information technology sector registering the highest rates for full-time permanent jobs . Fresh grads took home a median monthly salary of $3,500, up from $3,400 in 2017, according to results of a joint graduate employment survey released on […]
SINGAPORE – Claiming to be an experienced trader, a jobless man cheated six women of almost $437,000 after befriending them on dating platforms Match.com and Tinder. Malaysian Peter Aw Boo Cheong, 47, was sentenced to five years’ jail on Tuesday (Feb 26) after pleading guilty to 17 cheating charges involving $305,750. Twenty-four similar charges linked […]
JAKARTA (THE JAKARTA POST/ASIA NEWS NETWORK) – An Indonesian has been arrested at Juanda International Airport in Surabaya, East Java after being caught with 400 bullets for various firearms in his luggage. East Java Police spokesperson Frans Barung said the man is a 36-year-old resident of Bukis Pakis Utara, Surabaya, identified only as SP. “(SP) […]