Most growing Asian economies got experienced capital outflows comparable to those in 2013, when global bond yields spiked on hints from the US Federal Book that it might taper bond buying earlier than expected, Srinivasan stated. Outflows had been especially huge for India, which had seen US$23 billion move outContinue Reading
WASHINGTON: President Joe Biden and Chinese counterpart Xi Jinping spoke by phone for well over two hours on Thursday (Jul 28) on mounting tensions over Taiwan, a festering trade dispute and their bid to keep the superpower rivalry in check. The White House said that the call lasted two hours andContinue Reading
TAIPEI: Taiwan’s military fired flares on Thursday (Jul 28) to warn away a drone that “glanced by” a strategically-located and heavily fortified island close to the Chinese coast that was possibly probing its defences, the Taiwanese Defence Ministry said. Taiwan, claimed by China as its own territory, has complained ofContinue Reading
Sri Lankans have been increasingly overwhelmed with the soaring cost of living, driven by spiralling inflation and foreign exchange shortages. The country is officially in default after failing to make debt interest payments in May. Its dwindling foreign currency has crippled the economy, disrupted imports and led to shortages ofContinue Reading
BEIJING: China will try hard to obtain the best possible results for your economy this year, state media said on Thursday (Jul 28) after a high-level meeting of the ruling Communist Party, in contrast to earlier calls to meet the full-year economic growth target. In the second half of 2022,Continue Reading
KUALA LUMPUR: Malaysia’s Cheaper House of parliament passed the anti-party hopping Bill on Thursday (Jul 28), paving the way for the country’s Federal Cosmetic to be amended to incorporate clauses against politics defection. The vote around the Bill saw 209 MPs voting within favour, with eleven absent, exceeding the necessaryContinue Reading
KUALA LUMPUR: The Health Ministry in Malaysia welcomes apps to conduct scientific trials on products containing cannabis remove for medical purposes as there are simply no such trials getting carried out at the moment, Deputy Health Minister Dr Noor Azmi said on Thursday (Jul 28) Malaysia’s Harmful Drugs ActContinue Reading
While analysts expect stronger demand regarding iPhones than with regard to other smartphones, Apple company announced discounts within China this week, the move it sometimes makes when sales are slow. Tech and auto firms with factories in China and taiwan have faced business disruptions in the tour’s second-largest economy dueContinue Reading
KUALA LUMPUR: Malaysia’s human resources ressortchef (umgangssprachlich) on Thursday (Jul 28) said Philippines had agreed to lift the freeze on delivering its migrant employees to the country effective Aug 1, after the nearby neighbours ironed out worries surrounding workers’ rights. The entry of migrant workers will help Malaysia – theContinue Reading
The video clip showing banker Shen Dong’s save of the toddler was shared on Twitter by China’s foreign ministry spokesperson and reportedly went virus-like on Chinese social networking.Continue Reading