LONDON (Reuters) – Investors in property funds should wait up to six months before they can get their money back to avoid a stampede for the exit leading to widespread suspensions in rocky markets, Britain’s Financial Conduct Authority proposed on Monday. UK-regulated open-ended property funds offer daily redemptions to entice investors, but nearly all those […]
VIENTIANE (XINHUA) – Dengue cases in Laos have reached 4,256 with nine deaths since January, according to a report from the Lao Ministry of Health. The highest number of dengue patients is reported in Lao capital Vientiane at 974, the Lao Ministry of Health said in a press release on Monday (Aug 3). A total […]
(Reuters) – European shares inched higher on Monday as German stocks outperformed on the back of improving Chinese manufacturing data, but a warning from Europe’s biggest lender HSBC over rising bad loans sent banking stocks lower. The pan-European STOXX 600 index were up 0.1% at 0714 GMT, with technology .SX8P, automakers .SXAP and oil & […]
SYDNEY (AFP) – A tourist snorkelling off Australia’s pristine north-west coast was airlifted to hospital in a serious condition after being struck by a whale, medics said on Monday (Aug 3). The victim was exploring near the World Heritage-listed Ningaloo Reef in the Indian Ocean when she was struck by the tail of one of […]
WARSAW (Reuters) – Polish factory activity grew steadily in July as the easing of coronavirus restrictions lifted output, new orders, exports and purchasing, pushing the IHS Markit Purchasing Managers’ Index (PMI) above 50 for the first time since October 2018. The PMI for manufacturing rose to 52.8 in July from 47.2 in June, above the […]
TOKYO (Reuters) – Japan’s economy shrank an annualised 2.2% in January-March, unchanged after a second revision, data from the Cabinet Office showed on Monday. The additional revision for gross domestic product (GDP) compared with economists’ median forecast for a 2.8% contraction in a Reuters poll. On a quarter-on-quarter basis GDP shrank 0.6%, also unchanged from […]
Spying cases involving Singaporeans are rare, but Dickson Yeo’s is not the first to have been uncovered. In 1980, a cypher officer working at the Singapore Embassy in Moscow was jailed for 10 years after he was caught passing secret information to a Soviet intelligence operative. Alan Wee Kheng Soon, then 30, was ensnared by […]
TANJUNG PINANG (THE JAKARTA POST/ASIA NEWS NETWORK) – Riau Islands governor Isdianto has tested positive for Covid-19 four days after he was sworn into the office by President Joko “Jokowi” Widodo. Riau Islands Covid-19 task force spokesperson Tjetjep Yudiana said the governor had taken a polymerase chain reaction (PCR) test after learning that his personal […]
SYDNEY (BLOOMBERG) – Australia’s Treasurer Josh Frydenberg said the economy faces another significant hit after Victoria extended a lockdown across the whole state and placed its capital Melbourne under a nighttime curfew. Frydenberg said Treasury was still working through the expected impact and a lot depended on further announcements expected this week on what industries […]
SINGAPORE – It only takes seconds for the Singapore Police Force’s Ground Response Force (GRF) officers to detect vehicles of interest while driving in the latest fast response car. This is thanks to a new automated number plate recognition system that will be built into about 300 five-door compact SUV Hyundai Tucsons, of which several […]