Monday, 25 Nov 2024

Asia

Asia News – Get latest breaking news & top stories today in Asia, South-East Asia, South Asia, East Asia, Australia/New Zealand at…

Investigations into TOC article which made 'serious' allegations were necessary, says Amrin Amin

SINGAPORE – The lack of verification of an author’s identity by socio-political website The Online Citizen (TOC) and subsequent publication of an article by that writer which alleged corruption by government officers has troubling implications, said Senior Parliamentary Secretary for Home Affairs Amrin Amin on Wednesday (Dec 12). “In this particular instance, an innocent man was […]

Trade optimism lifts European shares toward second day of gains

LONDON (Reuters) – European shares traded higher on Wednesday morning and were set for a second day of gains as sentiment toward the Sino-US trade dispute lifted after U.S. President Donald Trump sounded upbeat about a deal in a Reuters interview. The Euro zone STOXXE .STOXXE index was up 1 percent at 0920 GMT with […]

EU's Moscovici says French, Italian budget situations not comparable

FRANKFURT (Reuters) – Italy has violated European Union budget criteria for years, European Economic Commissioner Pierre Moscovici said on Wednesday, adding that the French and Italian budget situations were not comparable. France will overshoot the EU’s budget deficit ceiling next year without deeper spending cuts after President Emmanuel Macron caved in to anti-government protests. [nL8N1YG46K] […]

North and South Korean soldiers enter each other's territory

SEOUL (AFP) – Soldiers from North and South Korea crossed into each other’s territory peacefully for the first time on Wednesday (Dec 12), Seoul said, as they began checking the dismantlement of guard posts in the Demilitarised Zone. The North invaded the South in 1950, triggering the Korean War, and Seoul went on to change […]

Oil prices rise as OPEC-led supply cuts expected to stabilize markets

SINGAPORE (Reuters) – U.S. oil prices climbed on Wednesday, supported by expectations that an OPEC-led supply cut announced last week for 2019 would stabilize markets. Disruptions to Libyan oil exports after local militia seized the country’s biggest oilfield, El Sharara, were also buoying prices, traders said. U.S. West Texas Intermediate (WTI) crude futures CLc1 were […]

France claims ignorance as Nissan's Ghosn dossier adds pressure

PARIS (Reuters) – The French government said on Tuesday it remained unaware of detailed allegations against Renault SA (RENA.PA) boss Carlos Ghosn sent to the carmaker a day earlier by Japanese alliance partner Nissan Motor Co Ltd (7201.T). Ever since Ghosn’s Nov. 19 arrest in Japan, the French government, Renault’s biggest shareholder, has been demanding […]

Hopes on U.S.-China trade talks lift dollar, pound slides

NEW YORK (Reuters) – The dollar hit a one-month peak against a basket of currencies on Tuesday, as China and the United States discussed plans for talks to avert a trade war between the world’s two biggest economies. The British pound fell to 20-month lows following reports that colleagues of Prime Minister Theresa May said […]

Oil pares gains on threatened U.S. government shutdown

NEW YORK (Reuters) – Oil futures edged higher on Tuesday after paring most of their gains as stock markets turned negative on worries about a possible U.S. government shutdown. U.S. stock markets pulled back after President Donald Trump threatened to shut down the federal government over funding for a wall along the U.S.-Mexico border. [.N] […]