SINGAPORE (Reuters) – Oil prices dipped on Thursday as record U.S. crude output heightened concerns of a return of global oversupply, stoking talk from within OPEC that production curbs may become necessary once again to prevent a glut. Front-month Brent crude oil futures were at $71.93 a barrel at 00301 GMT, down 14 cents from […]
SINGAPORE – Resale prices of Housing Board (HDB) flats dipped 0.2 per cent in October from September, according to flash estimates released by real estate portal SRX Property on Thursday (Nov 8). October’s prices were down 14.3 per cent from its peak in April 2013, and also marked a 2.1 per cent decrease from the […]
PUTRAJAYA (THE STAR/ASIA NEWS NETWORK) – Former prime minister Najib Razak has been summoned again to Malaysian Anti-Corruption Commission (MACC) headquarters for questioning. A source from the MACC confirmed that the Pekan MP had been asked to show up on Thursday (Nov 8) to assist in investigations into “several” unspecified cases. Najib was at the […]
TOKYO (Reuters) – Japan’s core machinery orders tumbled by the most on record in September, the Cabinet office said on Thursday, after a severe earthquake and typhoons disrupted business activity. The 18.3 percent slump in machinery orders far outpaced the median market estimate for a 10.0 percent decline and follows a 6.8 percent increase in […]
ISLAMABAD (AFP) – A Pakistani Christian woman who spent eight years on death row for blasphemy has been freed from jail and is believed to have already flown out of the city of Multan where she was being held, heading for an unknown destination, her lawyer said on Thursday (Nov 8). Ms Asia Bibi’s release […]
Blasted by Trump over Russia probe, Jeff Sessions fired as attorney-general Sessions (above) said in a letter to Trump he resigned at the president’s request. PHOTO: REUTERS Sessions’ departure was widely expected to come soon after the congressional elections in which Republicans retained their majority in the Senate but lost control of the House of […]
A Pakistani Christian woman acquitted of blasphemy after spending eight years on death row has been freed from prison, her lawyer says. Some reports say Asia Bibi has boarded a plane but its destination was not known. The Supreme Court ruling sparked protests from Islamists and the government had said it would bar her from […]
WINNIPEG, Manitoba (Reuters) – Two Canadian-based crude producers are looking to double down on their oil sands investments, betting that new pipelines and cutting-edge technology can improve profitability and reduce environmental damage. The moves by Imperial Oil Ltd (IMO.TO) and Teck Resources Ltd (TECKb.TO) run counter to an exodus of foreign companies from the oil […]
WASHINGTON (Reuters) – The U.S. Commerce Department on Wednesday is expected to impose final anti-dumping and anti-subsidy duties on Chinese common aluminum sheet products of 96.3 percent to 176.2 percent, sources familiar with the decision told Reuters. The decision marks the first time that final duties were issued in a trade remedy case initiated by […]
South Korea has developed into one of Asia’s most affluent countries since partition in 1948. The Communist North has slipped into totalitarianism and poverty. The republic was proclaimed in 1948 and received UN-backed support from the US after it was invaded by the North two years later. The Korean War ended in 1953 without a […]