China’s yuan extends slide, stock rebound peters out

SHANGHAI: China’s yuan extended its decline on Tuesday (Oct 25) to a near 15-year low, following Monday’s sell-off in Chinese assets by global investors worried about Beijing’s policy direction, while Hong Kong and China stocks ended lower as a rebound petered out. The onshore yuan finished the domestic session atContinue Reading

Thirteen dead after Indonesia boat fire

MAUMERE:  At least 13 people died after a boat carrying hundreds caught fire in eastern Indonesia on Monday (Oct 24), a transport official said. The KM Express Cantika 77 erupted in flames off the coast of Timor island in East Nusa Tenggara province, prompting desperate passengers to jump overboard. AContinue Reading

Bangladesh evacuates hundreds of thousands ahead of cyclone

BARISAL: Hundreds of thousands of people were being evacuated on Monday (Oct 24) from the path of a cyclone careening towards densely populated, low-lying Bangladesh, according to officials. About 33,000 Rohingya refugees from Myanmar, controversially relocated to a storm-prone island in the Bay of Bengal, were also advised to remainContinue Reading