A Singaporean man has been arrested and charged with reckless driving causing injury after he hit a police officer at a speed checkpoint in Krabi on Thursday morning (Nov 29). According to Thai newspaper The Nation, Simon Ong Chin Sim, 65, was speeding in his Porsche when he lost control of the car. The car spun […]
ZURICH (Reuters) – The Swiss government announced plans on Friday to ban trading of Swiss shares on European Union stock exchanges from January, in an escalating row with Brussels that could put a severe dent in cross-border stock trading. Frustrated by a lack of progress on a new bilateral treaty, Brussels has said that as […]
SINGAPORE (Reuters) – China’s securities regulator said on Friday it has given UBS AG (UBSG.S) approval to increase its stake in its Chinese brokerage venture to 51 percent, making the Swiss bank the first foreign financial institution to gain control of a Chinese securities firm. “This will be the first foreign-controlled brokerage approved by the […]
BEIJING (REUTERS) – China said on Friday (Nov 30) it had lodged “stern representations” with the United States after the US Navy sailed a ship through the contested South China Sea, passing near islands claimed by China. Tension between the two powers in disputed Asian waters comes as their relationship has between strained by a […]
LJUBLJANA (Reuters) – Slovenian President Borut Pahor has nominated Bostjan Vasle, the outgoing head of the government’s macroeconomic institute UMAR, for the post of central bank governor, Pahor’s office said on Friday. The role includes a seat on the European Central Bank governing council. Parliament will vote on whether to support Vasle within 30 days. […]
Police in the Indian city of Mumbai have arrested a 20-year-old woman for marrying a 17-year-old boy. The woman and the couple’s five-month-old daughter have been in prison for the past fortnight. She was arrested after the teenager’s mother lodged a police complaint. She has been charged under the stringent child sex abuse act. The […]
(Reuters) – Minneapolis Federal Reserve President Neel Kashkari told CNBC on Friday that he believes interest rates are “close to neutral”. Interest rates should not go up when job creation remains strong and inflation continues to be tame, Kashkari told CNBC, adding that raising rates too forcefully before necessary could risk causing a recession in […]
SINGAPORE – Businesses and residents in flood-prone areas can now request sandbags from PUB, with the national water agency stepping up flood protection measures as the north-east monsoon sets in. Singapore will experience wet weather and possible flash floods over the next four months because of the monsoon season, the PUB said in a statement […]
SINGAPORE – A mover who flouted train station rules by munching a sandwich on a platform slapped an SMRT service ambassador after he was told to stop eating. Shafuan Juraimi, 22, was jailed for three weeks on Friday (Nov 30) after pleading guilty to assaulting 69-year-old Gian Cheng Kuan. Deputy Public Prosecutor Tang Shangjun said that as […]
Finance minister becomes likely successor to Lee Hsien Loong as city-state positions for more challenging future. Singapore – Founding father Lee Kuan Yew oversaw Singapore’s growth from a small country with no natural resources to a thriving metropolis – in a style almost invariably described as authoritarian. Lee dominated public life on the Southeast Asian […]