KUALA LUMPUR (THE STAR/ASIA NEWS NETWORK) – Malaysian police is investigating an allegation contained in a sworn declaration that a prominent opposition politician committed sodomy, a criminal offence in the Muslim-majority country. The criminal investigation department (CID) has already recorded a statement from a commissioner of oaths who was a witness in the statutory declaration […]
OSLO (Reuters) – Norway’s $1.15 trillion wealth fund expects more turmoil on financial markets as the world continues to fight the COVID-19 pandemic, a top fund official said on Tuesday, after it posted a 188-billion-crown loss ($21 billion) in the first half of 2020. The pandemic is not under control “in any shape or form” […]
(Reuters) – European shares fell on Tuesday as investors worried about escalating U.S.-China tensions and a resurgence in regional coronavirus cases, knocking shares of growth-sensitive cyclical sectors lower. The pan-European STOXX 600 index fell 0.5% by 0713 GMT, with banks .SX7P, energy firms .SX7E, insurers .SXIP and automakers .SXAP falling between 0.8% and 0.9%. Asian […]
OSLO (Reuters) – Norway’s $1.15 trillion sovereign wealth fund posted a loss of 188 billion Norwegian crowns ($21.27 billion) in the first half of 2020 as stocks and real estate holdings fell in value during the COVID-19 pandemic, it said on Tuesday. The decline followed record earnings in 2019, when the fund raked in profits […]
BERLIN (Reuters) – German engineering exports slumped by 22.9% in the second quarter as the coronavirus pandemic and the lockdown imposed to curb it took their toll on this mighty sector of Europe’s biggest economy, engineering association VDMA said on Tuesday. “It will still be a bumpy road back to normality because for export business […]
SINGAPORE – Workers aged 35 to 44 have borne the brunt of the Covid-19 pandemic, with its dismal economic climate having taken a heavy toll on their salaries. More than half (56 per cent) of these workers, among workers whose salaries fell, saw their incomes plunge by more than 30 per cent, according to an inaugural report […]
State media says politburo of Workers Party will gather for sixth plenary meeting amid sanctions and flood damage. North Korea plans to convene a key meeting of the ruling Workers’ Party on Wednesday to discuss economic and military issues amid international sanctions and recent flood damage, according to state media. The politburo of the Workers’ […]
KUALA LUMPUR (SIN CHEW DAILY/ASIA NEWS NETWORK) – Speaking as an academic and using nothing but cold, hard facts, it is my opinion that only Tun Dr Mahathir Mohamad wears the mantle of fire that can win back the country for Malaysian. This article is NOT about if he, Dr Mahathir, will make a good […]
SINGAPORE/Tokyo (Reuters) – The dollar extended its fall to hit fresh lows against a range of currencies on Tuesday, after a triple blow of retreating yields, soft U.S. economic data and a dip in safe-haven demand exerted broad selling pressure. The yuan CNH=D3 firmed to 6.9246 per dollar, hitting a level unseen since March 9, […]
TOKYO (Reuters) – Activist fund Oasis Management stepped up its demand that Japanese convenience store chain FamilyMart Co (8028.T) pay a special dividend, saying shareholders were otherwise being denied a fair deal in a tender offer by Itochu Corp (8001.T). In July, trading house Itochu Corp, which already owned 50.1% of the FamilyMart chain, announced […]