WASHINGTON (Reuters) – The Federal Reserve on Friday said it has a new system to rate the health of the largest banks in light of financial rules conceived since the decade-old financial crisis. The Fed said the new system will closely monitor the factors that are most important to the health of a bank: capital, […]
First came a three-hour delay, with biscuits, and rice with chicken, distributed to passengers hunkered down for the wait. Then, upon boarding, a stuffy cabin – and a sense of dread. TO READ THE FULL ARTICLE Thank you for reading The Straits Times You have reached one of our Premium stories. To continue reading, get […]
Growing up in Kampung Tanjong Irau, a village in the Sembawang area, Mr Bahren Shaari had to walk or cycle 5km every day to the bus stop to get to Ahmad Ibrahim Secondary School. But the grind of daily travel did not take a toll on his studies. He made it to Hwa Chong Junior […]
Criticism is mounting over South Korean President Moon Jae-in’s focus on North Korea, as his approval ratings tumbled over his inability to invigorate the economy and create jobs for young people. Even as he called on Parliament yesterday to approve a record-high budget of 470.5 trillion won (S$575 billion) next year, which includes the highest-ever […]
Over a casual lunch with an old friend, I was given a mini-dissertation on how our blood groups should dictate the lifestyles we adopt – from diet to exercise regimens. “I can’t eat this,” my friend replied as she gently pushed away a plate of flat bread. “People of AB blood group should avoid wheat.” […]
US President Donald Trump has turned down India’s invitation to be chief guest during the Republic Day celebrations amid India’s resistance to US sanctions against Iran and Russia. The invitation to be chief guest at the parade is given to countries that India is keen to cultivate and sees as important for its foreign policy. […]
Making small payments for watching a video or reading an article online can soon be done through blockchain technology. Blockchains have long been linked to cryptocurrencies but the media industry has been exploring ways to tap this technology too. Some uses of blockchain in media are emerging that will help the industry solve some of […]
SINGAPORE – Major bicycle-sharing firm Mobike, which has a fleet of 20,500, has nearly doubled its bike rental prices. According to the China-based firm’s website, the rental rate for a single trip costs 99 cents for every 20 minutes, up from its previous rental rate of 50 cents per 20 minutes. The new pricing kicked […]
LONDON (Reuters) – European shares rallied on Wednesday as a tumultuous October drew to a close and strong results from L’Oreal, Sanofi and banks Standard Chartered and Santander soothed investors’ nerves. The pan-European STOXX 600 was up 1.5 percent by 0945 GMT, with Germany’s DAX .GDAXI 1.3 percent higher. Despite gains, the STOXX 600 was […]
LONDON (Reuters) – European shares joined a global relief rally on Friday after U.S. President Donald Trump fueled hopes among investors that a deal to end a prolonged dispute over trade could be made with his Chinese counterpart Xi Jinping later this month. The pan-European STOXX 600 rose 0.9 percent by 0936 GMT, hitting its […]