BEIJING (Reuters) – China’s gold consumption fell 38% year-on-year in the first half of 2020, hurt by the coronavirus and a slowing economy, although demand started to recover in the second quarter, the China Gold Association said on Tuesday. Consumption in China, the world’s biggest gold user, came in at 323.29 tonnes in January-June, the […]
SINGAPORE (Reuters) – The dollar bounced off a two-year low on Tuesday as selling pressure faded ahead of a Federal Reserve meeting and as political wrangling over the next U.S. fiscal rescue package moved closer to a conclusion. The world’s reserve currency has been tumbling since May and was dumped in recent days as cracks […]
KUALA LUMPUR (THE STAR/ASIA NEWS NETWORK) – In Sabah politics, what goes around comes around. “X has signed SD (a statutory declaration) supporting Perikatan Nasional in Sabah. That’s 31 SDs. We just need two more to bring down the Sabah government,” a political operative from Sabah told me. On July 15, during a chat at […]
NEW DELHI (THE STATESMAN/ASIA NEWS NETWORK) – Even as the world grapples with the mounting tally of coronavirus cases – about 16 million at last count and deaths close to 650,000 – a success story has played out quietly in a swathe of Asia, almost unheralded and scarcely understood. Five Mekong Delta countries with a […]
SINGAPORE – In the second day of his trial on Tuesday morning (July 28), retired local actor-director Ng Aik Leong (better known as Huang Yiliang), asked doctors if it was possible that the Bangladeshi employee he is accused of hitting could have “hurt himself accidentally” in a “struggle”. Ng, 59, is accused of voluntarily causing […]
WASHINGTON (Reuters) – New orders for key U.S.-made capital goods increased more than expected in June and shipments accelerated, but the gains were likely insufficient to avert a historic plunge in business investment and the economy in the second quarter amid the COVID-19 pandemic. Orders for non-defense capital goods excluding aircraft, a closely watched proxy […]
JAKARTA (BLOOMBERG) – Total coronavirus infections in Indonesia surged past 100,000 amid an easing of physical-distancing rules to allow economic activity to resume, prompting President Joko Widodo to order health officials to focus on containing the disease in the nation’s eight main provinces. There were 1,525 new confirmed cases over the past 24 hours, taking […]
SINGAPORE – A man and his former wife were so unhappy with their divorce proceedings, they separately directed their anger at the court. Both ended up being given jail sentences. The man, Singaporean Lim Teck Leng, was on Monday (July 27) sentenced to six weeks’ jail after being found guilty of one count of harassment. […]
Good evening! Catch up on some of the main headlines on Monday, July 27. NTU researchers develop method to tell if someone has Covid-19 or dengue in just 36 minutes This is just one quarter of the time taken by current testing methods for the same diseases. READ MORE HERE 469 new Covid-19 cases in […]
BERLIN (Reuters) – German business morale improved further in July after posting a record increase in June, a survey showed on Monday, suggesting that firms expect Europe’s largest economy to recover from the coronavirus shock if a second wave of infections is avoided. The Ifo institute said its business climate index rose to 90.5 from […]