Fifteen-year-old Jaburooth Rakshana “made” a profit of $2.7 million yesterday, by underwriting several cases that insured clients from potential risks, such as piracy at sea and accidents in shopping malls, among other possible hazards. She was playing chief executive officer for the day at Allianz Global Corporate and Specialty, a corporate insurance company, in a […]
SINGAPORE – A Singapore-bound SilkAir flight was forced to return to Chiang Mai International Airport on Tuesday (Jan 8) due to a suspected hairline crack in its cockpit window. A spokesman for Singapore Airlines (SIA), which operates the regional carrier, said on Wednesday that crew members on flight MI701 decided to turn back as a […]
TOKYO – Japan’s labour ministry has released monthly jobs data despite knowing that they did not satisfy sampling standards and they were erroneous, officials said on Tuesday (Jan 8). According to Kyodo News, the revelation could undermine confidence in the accuracy of key economic indicators as Japan enjoys a prolonged phase of economic expansion. Under […]
While US President Donald Trump waits in the wings, North Korean leader Kim Jong-un arrived in Beijing yesterday for his fourth summit with China’s Xi Jinping – yet another nod to the leader Mr Kim most needs to court as he tries to undermine support for international sanctions while giving up little, if any, ground […]
KUALA LUMPUR – The Pahang royal household will meet this week to discuss the possibility of the Regent of Pahang succeeding the state’s ailing sultan, which would pave the way for the regent to become Malaysia’s 16th King, the New Straits Times reported on Wednesday (Jan 9). The report, which cites a royal source, came […]
NEW YORK (Reuters) – The high-yield “junk” bond market, which has been a leading indicator of recessions, is flashing “yellow now,” Jeffrey Gundlach, chief executive of Doubleline Capital, said on Tuesday. Gundlach, who oversees more than $121 billion of assets under management, said on an investor webcast that the signal “may be … a false […]
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive of Doubleline Capital, said on Tuesday that the high-yield “junk” bond market, which has been a leading indicator of recessions, is flashing “yellow now.” Gundlach, who oversees more than $121 billion of assets under management, said on an investor webcast that the signal “may be … a […]
BANGKOK – An 18-year-old Saudi Arabian asylum seeker whose Tweets about resisting deportation from Thailand roused a social media storm remains terrified, even though she is now under the care of United Nations High Commissioner for Refugees staff in Bangkok. Ms Rahaf Mohammed al-Qunun, who was stopped by officials after landing at Thailand’s Suvarnabhumi airport on […]
(Reuters) – WeWork Cos Inc said on Tuesday it received $2 billion in new funding from Japanese conglomerate SoftBank Group Corp (9984.T) in a deal that values the company at $47 billion. The company also said in a statement that it plans to run its three distinct businesses under a new name, The We Company. […]
NEW YORK (Reuters) – The dollar rose on Tuesday, rebounding from a nearly three-month low in the previous session amid expectations of a pause in the U.S. rate hike cycle, as investors focused on the risk of a euro zone recession after data showed more signs of slowing in the region. An unexpected fall in […]