TAIPEI (REUTERS) – Taiwan will appoint the ruling pro-independence party’s former chairman as premier, official media reported on Friday (Jan 11), a day after incumbent William Lai said he was resigning, along with the entire Cabinet, in response to local election defeats. The election losses in November presented a major challenge to President Tsai Ing-wen, […]
SINGAPORE – A taxi driver was taken to court on Friday (Jan 11) over a traffic accident that killed a National University of Singapore (NUS) student. Yap Kok Hua, 55, was ferrying NUS student Kathy Ong Kai Ting, 19, and three of her schoolmates in his vehicle on April 19 last year when the tragedy […]
LONDON (Reuters) – Big British banks have been criticized by lawmakers for pressing ahead with plans for a new complaints service for small firms wronged by lenders, which they argue is too soft. UK Finance, a City of London trade body, is setting up and funding the new service which be capable of resolving disputes […]
NEW YORK (Reuters) – Investors put money to work in both U.S. stock and bond markets for the week ended Wednesday, after soothing remarks by Federal Reserve Chair Jerome Powell that low inflation would allow the U.S. central bank to be “patient” in deciding whether to continue raising rates this year. U.S.-based stock funds attracted […]
NEW YORK (Reuters) – Investors put money to work in both U.S. stock and bond markets for the week ended Wednesday, in the wake of soothing remarks by Federal Reserve Chair Jerome Powell that low inflation would allow the central bank to be “patient” in deciding whether to continue raising rates this year. U.S.-based stock […]
WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell said on Thursday the U.S. central bank has the ability to be patient on policy given inflation is stable, allowing it to assess whether the U.S. economy will slow this year as some in financial markets worry. While those initial comments boosted stocks, they later slipped when […]
NEW YORK (Reuters) – The dollar rallied from three-month lows on Thursday, with investors reducing bearish positions on the currency as they await resolution of U.S.-China trade negotiations, the U.S. government shutdown, and Britain’s exit from the European Union. Analysts said the dollar’s gains were also helped by the euro falling, as it hit key […]
BEIRUT (Reuters) – Lebanon is studying ways to manage its public debt and its structure as part of plans for public finance reform, the finance minister told Reuters on Thursday, after he was cited saying the plan included restructuring of public debt. Ali Hassan Khalil’s remarks to al-Akhbar newspaper about debt restructuring sparked a heavy […]
BEIJING — China’s ambassador to Canada has said that “Western egotism and white supremacy” were behind calls for Beijing to release two detained Canadians, further straining relations between the countries after the arrest in Canada last month of a Chinese technology executive. The ambassador, Lu Shaye, wrote on Wednesday in an op-ed for The Hill […]
JOHOR BARU (THE STAR/ASIA NEWS NETWORK) – It was a drive down memory lane when Johor Ruler Sultan Ibrahim Sultan Iskandar took the wheel of a first-generation Proton Saga and drove Malaysian Prime Minister Mahathir Mohamad to the Senai International Airport on Thursday (Jan 10). The vehicle was presented to the Ruler’s father about 34 […]