TOKYO – There’s something surreal about the debate at Bank of Japan (BOJ) headquarters over whether to jump into markets to support the yen. Japan’s central bank faces the most intense pressure in more than two decades to intervene in currency trading, but unlike previous pressure campaigns, the BOJ isn’t being prodded to weaken the yen […]
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SHANGHAI: China’s yuan weakened past the psychologically important 7 per U.S. dollar level for the first time in two years on Friday, pressured by a buoyant dollar and strong market expectations for an even more aggressive U.S. interest rate hike next week. Read full storyContinue Reading
TAIPEI (Reuters) – Taiwan is eyeing an earlier end to its mandatory quarantine for all arrivals and has been making relevant preparations, Premier Su Tseng-chang said on Friday, as the government continues to ease controls put in place to contain the spread of COVID-19. Read full storyContinue Reading
SINGAPORE: Singapore’s non-oil domestic exports (NODX) grew by 11. 4 per cent year-on-year in August, following a seven per cent growth in July . Non-electronics exports grew while electronic devices exports decreased from the high base last year, according to official information released by Organization Singapore (ESG) on Friday (SepContinue Reading
SINGAPORE: Singapore’s non-oil domestic exports (NODX) grew at a faster pace associated with 11. 4 percent year-on-year in Aug, following the 7 per cent development in July . Non-electronics exports grew while electronics exports decreased from a high foundation a year ago, according to formal data released simply by EnterpriseContinue Reading
A prominent Ukrainian activist has slammed the “absurd” actions of the EU whereby a partial embargo on Russian oil has done little to stem the tide of aggression that has devastated her homeland. With war continuing to rage six months after Russian tanks rolled into the Donbas region, Svitlana Romanko, director of Razom We Stand, […]
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NEW DELHI: India and other members of the Shanghai Cooperation Organisation (SCO) will discuss energy security at the regional security bloc’s meeting in Uzbekistan, India’s foreign secretary Vinay Kwatra said on Thursday (Sep 14). The two-day summit in the Silk Road city of Samarkand will be attended by Prime MinisterContinue Reading
BRUSSELS (Reuters) -From laptops to fridges to mobile apps, smart devices connected to the internet will have to be assessed for their cybersecurity risks under draft European Union rules announced on Thursday, amid concerns about a spate of cyber attacks. Read full storyContinue Reading
Cambodia’s foreign policy is largely shaped by the worldview of Prime Minister Hun Sen, who has more than four decades of practical experience in diplomacy and foreign affairs. Understanding Cambodian foreign policy, including its decision to co-sponsor the UN resolution to condemn Russia’s invasion of Ukraine, means grasping the pragmatism that informs Hun Sen’s decision-making. […]
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BEIJING: China’s exporters – the last reliable pillar of the world’s second-largest economy as it struggled with the pandemic, weak consumption and a property crisis – are warning of hard times ahead as softer overseas markets force them to shed workers, shift to lower-value goods and even rent out their factories. Read full storyContinue Reading