(Reuters) – The Bank of England will step up on quantitative easing (QE) if the British economy slows and struggles again, Deputy Governor Dave Ramsden said in an interview published on Tuesday, adding to his previous comments that BoE has more headroom to act. QE would accelerate if “we saw signs of (market) dysfunction,” Ramsden […]
MUMBAI (NYTIMES) – At one of the most prominent street crossings in Mumbai, the little people in the signal lights have swapped their straight-legged trousers for triangular frocks. The city, India’s largest, last week installed 240 pedestrian signals that replaced male stick figures with female silhouettes along a stretch of road in the Dadar neighbourhood. […]
A bright spot in a gloomy economy is the warehouse and logistics industry, thanks to the rising volume of online sales. Companies in this industry said they continue to hire for positions such as drivers and logistics assistants. Supply chain solutions company YCH Group has nearly 30 openings for roles such as forklift and prime […]
Five months after diners were urged to keep community eating areas clean as part of Singapore’s fight against Covid-19, the results appear patchy. While some diners at hawker centres and foodcourts make the effort to clean up before and after their meals, most are content to leave this to cleaners. In February, the SG Clean […]
(Reuters) – A London employment tribunal has ruled that a former top currency trader at Citigroup Inc (C.N) has won an unfair dismissal case against the bank but cannot expect to return to his job, the Financial Times (FT) reported on.ft.com/2PI3fMI on Monday. Rohan Ramchandani, the former European head of Citigroup’s forex spot market trading desk, […]
(Reuters) – European shares closed slightly higher on Monday as growth-sensitive cyclical stocks got a boost from improving economic data out of China, but renewed U.S.-China tensions hit technology shares. With trading volumes dwindling as traders leave for summer holidays, the broader European STOXX 600 index held to tight ranges, ending the session 0.3% higher. […]
KUALA LUMPUR (THE STAR/ASIA NEWS NETWORK) – Malaysia’s former top government auditor Ambrin Buang told the High Court on Monday (Aug 10) that it was “insulting” to him that the 1MDB’s chief was allowed to review an audit report by his department on the state fund, page-by-page, before it was published. Tan Sri Ambrin, now […]
ISLAMABAD (BLOOMBERG, AFP) – Pakistan’s anti-graft court indicted former president Asif Ali Zardari on charges of corruption, as the opposition groups accused the government of Prime Minister Imran Khan of persecution. Mr Azam Khan, a judge of an accountability court, formally framed charges against Zardari for buying assets overseas from undeclared sources, said Mr Muzafar […]
(Reuters) – European shares were largely flat on Monday as renewed U.S.-China tensions hit technology stocks, but a slowing decline in China’s producer prices and rising oil prices limited losses. The pan-European STOXX 600 index edged up 0.1% at the start of a week that could see subdued trading as traders head out for summer […]
SINGAPORE – Thanks partly to the Covid-19 pandemic, cycling is fast gaining popularity – not only as a leisure activity, but also as a mode of transport. This is so much so that bicycle shops are running out of stock and prices of popular brands have shot up. Secondhand Brompton bicycles for instance, are advertised for […]