TOKYO/LONDON (Reuters) – A worrying sign of inversion in the U.S. Treasury bond curve is dulling the appeal of the developed world’s highest-yielding bond market for foreign investors. Overseas investors are reviewing their investments or shunning Treasuries as rates at the short end rise above those at the longer end and make it unprofitable for […]
SINGAPORE (Reuters) – Oil prices edged up on Tuesday after Libya’s National Oil Company declared force majeure on exports from the El Sharara oilfield, which was seized at the weekend by a local militia group. Despite that, overall sentiment on oil prices remained weak amid worries over global stock markets and doubts that planned supply […]
TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Tuesday that any discussion with the United States over foreign exchange would take place between his ministry and the U.S. Treasury Department, indicating Japan’s desire to keep currency and trade talks separate. Aso was responding to reporters’ questions about demands from the U.S. auto industry […]
SINGAPORE – There have been seven cases of liver injury reported in recent years that are suspected to be linked to eating mahogany seeds, which are more commonly known as sky fruit. The Health Sciences Authority (HSA) said it received these reports over the past three years, where patients had liver injuries ranging from mild liver […]
NEW DELHI (REUTERS) – India’s government faces a tough re-election battle next year but first it must deal with an opponent as wily as any political rival, troops of monkeys that have become a big threat around its offices in New Delhi. Red-faced rhesus macaques have spread havoc, snatching food and mobile telephones, breaking into […]
SAN JUAN (Reuters) – Puerto Rico Governor Ricardo Rosselló signed into law on Monday legislation to provide nearly $2 billion in tax relief over five years amid concerns by the U.S. commonwealth’s federally created fiscal oversight board about how the island will fund the tax break. Rosselló said the new law will improve the island’s […]
Last week, a senior official of India’s central bank fired what appeared to be an explosive broadside at attempts being made to undermine the regulator’s independence. “Governments that do not respect central bank independence will sooner or later incur the wrath of the financial markets, ignite economic fire, and come to rue the day they […]
India’s central bank governor Urjit Patel has resigned from his post citing “personal reasons”. His resignation comes amid reports of a rift between the Reserve Bank of India (RBI) and Prime Minister Narendra Modi’s government. This marks a rare case of a serving governor leaving his job midway through his three-year term. Correspondents say the […]
Speakers at Second Saudi Diaspora Conference say time to unite is now after murder of journalist Jamal Khashoggi. London, United Kingdom – Saudi opposition figures from all over the world called for a coordinated effort to challenge Saudi Crown Prince Mohammed bin Salman’s “oppressive” rule over the kingdom. Speakers at the Second Saudi Diaspora Conference […]
BANGKOK (AFP) – An Iranian man has been arrested after using travel freebies to lure an unsuspecting Japanese tourist into smuggling a bag of clothes laced with crystal meth, Thai police said on Monday (Dec 10). The tourist, whose name has not been disclosed, found the deal on a travel website that offered free getaways […]