Monday, 20 May 2024

Asia

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Koo Cha-kyung, who led Korea's LG Group for 25 years, dies at 94

SEOUL (BLOOMBERG) – Mr Koo Cha-kyung, the LG Group former chairman who helped his father’s nascent cosmetics business grow into one of South Korea’s biggest conglomerates, has died. He was 94. Mr Koo died on Saturday (Dec 14) at 10am of a chronic ailment, LG said in a statement, without providing details. “Koo, a living […]

Malaysia PM Mahathir suggests he could stay in office beyond 2020

DOHA (REUTERS, BLOOMBERG) – Malaysian Prime Minister Mahathir Mohamad suggested on Saturday (Dec 14) he may seek to stay in power after 2020. Asked at the Doha Forum in Qatar if he would step down in 2020, he said he wanted to fix problems created by the previous government before resigning. He also said he […]

US, UK warn on travel to north-east India after clashes over new citizenship law

GUWAHATI, INDIA (AFP) – Washington and London issued travel warnings for north-east India as opponents of a new citizenship law geared up for more protests on Saturday (Dec 14), following days of clashes that saw two people killed and dozens injured. Many in the far-flung, resource-rich region fear the new legislation will grant citizenship to […]

SCDF conducting more fire safety checks as year-end festivities ramp up

SINGAPORE – The Singapore Civil Defence Force (SCDF) has been increasing its inspections of malls, discotheques and pubs amid year-end festivities. It said on Saturday (Dec 14) that it is all the more important for places of recreation like shopping centres and hotels to be mindful of fire safety as the year draws to a […]

Five held over man's death in Hong Kong protests

HONG KONG (AFP) – Five Hong Kong teenagers have been arrested in connection with the death of a man hit on the head by a brick during clashes between pro- and anti-government protesters last month, police said on Saturday (Dec 14). The three males and two females aged 15 to 18 were arrested on Friday on […]

Divers search for two bodies near NZ volcano

New Zealand police say divers have resumed searching the waters near White Island volcano in efforts to retrieve two remaining bodies. At least one body was spotted in the water and rescuers would not return to the island on Saturday. A day earlier, the remains of six bodies were recovered in a high-risk operation and […]

Pulled IPOs cap subdued year for Canadian deals, signal challenges ahead

TORONTO (Reuters) – The scrapping of a second Canadian IPO in as many months this week caps a year of declining activity, highlighting the challenges facing issuers as trade uncertainty and the growth of passive investing weigh on new offerings. The lucrative initial public offerings (IPO) business is unlikely to see a significant pick-up in […]

Trade deal removes major hurdle for rally in Apple and tech

SAN FRANCISCO (Reuters) – U.S. President Donald Trump’s limited trade deal with China removes a major hurdle for Apple (AAPL.O) and other technology stocks that have already surged this year to record highs. The so-called Phase One deal announced, but still not signed, on Friday suspends the planned imposition of new 15% tariffs on Sunday […]

Decisive UK election, trade deal lift European shares close to record high

(Reuters) – A breakthrough in U.S.-China trade talks and hopes of an orderly Brexit after a landslide election victory for UK Prime Minister Boris Johnson lifted Europe’s benchmark share index to within striking distance of an all-time high on Friday. China and the United States have agreed on the text of a “phase one” trade […]

Passenger bus collision leaves 13 dead in southwest Pakistan

The accident on Friday took place after the pick-up vehicle sped away from a security checkpoint to evade capture. Islamabad, Pakistan – At least 13 people have been killed in the southwestern Pakistani district of Qila Saifullah after a collision between a passenger bus and a pick-up truck suspected to be carrying smuggled fuel, officials […]