SEOUL (AFP) – South Korean President Moon Jae-in, who promised to be a “feminist leader” during his election campaign, was under fire on Thursday (July 9) for sending condolence flowers to the funeral of a convicted sex offender’s mother. Mr Moon and dozens of senior politicians – almost all of them male, and from both […]
BEIJING (Reuters) – China’s factory gate prices fell for the fifth consecutive month in June but at a slower-than-expected pace, with persistent deflation in the industrial sector highlighting the lasting economic impact of the coronavirus pandemic. The producer price index (PPI) in June fell 3.0% from a year earlier, China’s National Bureau of Statistics (NBS) […]
SYDNEY (REUTERS) – Australia warned its citizens and residents in Hong Kong that they were at “increased risk of detention” there and urged them to reconsider their need to remain in the Chinese territory. In an updated travel advisory issued on Thursday (July 9), the government said Hong Kong’s new national security law could be […]
In a strategic move to show its presence in the territory, Beijing’s new office for its intelligence agents was launched yesterday morning after a new sweeping security law came into effect a week ago. The new office, reported to house some 200 to 300 staff, is temporarily located at the Metropark Hotel in Causeway Bay […]
BEIJING (Reuters) – China’s factory gate prices fell for the fifth consecutive month in June but at a slower-than-expected pace, with persistent deflation in the industrial sector highlighting the lasting economic impact of the coronavirus pandemic. The producer price index (PPI) in June fell 3.0% from a year earlier, China’s National Bureau of Statistics (NBS) […]
TOKYO (Reuters) – Japan’s machinery orders unexpectedly rose in May, offering policymakers some comfort capital expenditure has held up despite the hit to corporate profits from the coronavirus pandemic. Core orders, a highly volatile data series regarded as an indicator of capital spending, rose 1.7% in May after a 12.0% slump in April, the fastest […]
OTTAWA (Reuters) – Canada is eyeing issuing longer-term debt to take advantage of low interest rates, and expects servicing costs to be lower this fiscal year than was forecast last year despite the billions in emergency spending due to COVID-19, a government source said. Canadian Finance Minister Bill Morneau will deliver a “fiscal snapshot” on […]
(Reuters) – U.S. President Donald Trump’s top advisers weighed proposals to undermine the Hong Kong currency’s peg to the U.S. dollar, Bloomberg reported, citing people familiar with the matter, though the idea did not appear to have gained traction. The proposal to strike against the Hong Kong dollar peg, possibly by limiting the ability of […]
SINGAPORE – A search and rescue operation is underway in the waters off Tuas after the Maritime and Port Authority of Singapore (MPA) was informed that three people had fallen overboard from a craft. The Malaysian authorities had informed the MPA at around 8am on Tuesday (July 7) of the incident on a craft approximately […]
KOCHI (REUTERS) – The capital of an Indian state that won praise for its early handling of the coronavirus pandemic has enforced a strict lockdown after a surge in cases, with one minister saying the city was “sitting on an active volcano”. Thiruvananthapuram in the southern state of Kerala implemented what it called a “triple […]