Oil prices steadies as markets await Fed steer

Views - 3 Saturday, 24 August 2019 00:10

Reuters: Oil prices steadied yesterday, on track for a weekly gain, with attention focused on a speech by US Federal Reserve chief Jerome Powell for news on whether it will cut interest rates for a second time this year to boost the world’s largest

New allies Vietnam, Australia express concern over South China Sea tensions

Views - 4 Saturday, 24 August 2019 00:10

Reuters: New allies Vietnam and Australia expressed concern yesterday about China’s activities in the South China Sea, where Vietnamese and Chinese vessels are locked in a tense standoff in Vietnamese-controlled waters. Vietnamese Prime Minister Ng

Trump to square off in court with House Democrats over financial records

Views - 4 Saturday, 24 August 2019 00:10

Reuters: US President Donald Trump was expected to ask a federal judge yesterday to block Deutsche Bank AG and Capital One Financial Corp from handing the financial records of the Trump family and Trump Organization to Democratic lawmakers. The case

Pakistan Supreme Court orders action against judge in ex-PM case

Views - 2 Saturday, 24 August 2019 00:01

Reuters: Pakistan’s Supreme Court yesterday ordered disciplinary action against a judge who convicted former premier Nawaz Sharif, effectively giving a boost to Sharif’s appeal against a seven-year jail term for corruption. Sharif was convicted

As Amazon burns, Brazil’s Bolsonaro tells rest of world not to interfere

Views - 3 Saturday, 24 August 2019 00:01

Reuters: Amid growing international criticism over the wildfires raging through the Amazon, Brazilian President Jair Bolsonaro on Thursday admitted farmers could be illegally setting the rainforest ablaze but told foreign powers not to interfere. Fre

Asia shares slip, long for clarity on Fed policy

Views - 8 Friday, 23 August 2019 00:00

SYDNEY (Reuters): Asian shares drifted off on Thursday as uncertainty over the outlook for both US interest rates and the chance of global fiscal stimulus sucked the life out of markets. Not helping was a fresh slide in the Chinese yuan to an 11-year

Indonesia arrests 34, blocks internet in Papua to help curb violent protests

Views - 6 Friday, 23 August 2019 00:00

JAKARTA (Reuters): Indonesia has cut off internet access in eastern Papua to prevent provocative posts online from fuelling violence, after protesters torched buildings, a market and a prison over mistreatment of students and perceived ethnic discrim

Euro zone business growth recovers, but outlook worsens: PMIs

Views - 6 Friday, 23 August 2019 00:00

BENGALURU (Reuters): Euro zone business growth picked up a touch in August, helped by brisk services activity and as manufacturing contracted at a slower pace, but trade war fears knocked future expectations to their weakest in over six years, a surv

China says hopes US stops wrong tariff action, vows to retaliate if new levies imposed

Views - 7 Friday, 23 August 2019 00:00

BEIJING (Reuters): China said on Thursday it hopes the United States will stop its wrong tariff action, adding that any new tariffs would lead to escalation. The United States said early this month it would slap duties on $300 billion of Chinese good

Trump says he is seriously looking at ending birthright citizenship

Views - 6 Friday, 23 August 2019 00:00

WASHINGTON (Reuters): US President Donald Trump said on Wednesday that his administration was seriously looking at ending the right of citizenship for US-born children of noncitizens and people who immigrated to the United States illegally. “We’r

South Korea says US, North Korea will restart dialogue ‘soon’

Views - 8 Friday, 23 August 2019 00:00

SEOUL (Reuters): The United States and North Korea are expected to reopen denuclearisation talks soon and they will go well, a senior South Korean official said on Thursday, boosting hopes for progress in negotiations after a prolonged stalemate. Sou

Iran displays domestically built mobile missile defence system

Views - 4 Friday, 23 August 2019 00:00

DUBAI (Reuters): Iran displayed what it described as a domestically built long-range, surface-to-air missile air defence system on Thursday, at a time of rising tension with the United States. Iran shot down a US military surveillance drone in the Gu

Pakistan to take Kashmir dispute with India to World Court

Views - 10 Thursday, 22 August 2019 00:00

ISLAMABAD (Reuters): Pakistan said on Tuesday it would take its dispute with India over Kashmir to the International Court of Justice, after New Delhi revoked the special status of its part of the region earlier this month. Islamabad reacted with fur

Modi raises Kashmir protests with British counterpart

Views - 11 Thursday, 22 August 2019 00:00

NEW DELHI (Reuters): Prime Minister Narendra Modi has spoken to his British counterpart, Boris Johnson, about violent demonstrations over Kashmir outside the Indian embassy in London, the foreign ministry said. Thousands of people, many waving Pakist

Trump says he had to ‘take China on’, regardless of short-term impact on US economy

Views - 13 Thursday, 22 August 2019 00:00

WASHINGTON (Reuters): President Donald Trump on Tuesday said he had to confront China over trade even if it caused short-term harm to the US economy because Beijing had been cheating Washington for decades. Trump’s strongly worded comments came hou

Trump urges India and Pakistan to reduce tensions in call with leaders

Views - 10 Wednesday, 21 August 2019 00:00

NEW DELHI (Reuters): US President Donald Trump spoke with the leaders of India and Pakistan on Monday, discussing prospects for improved trade ties with Washington and stressing the need to reduce tensions over Kashmir between the nuclear-armed neigh

Trump ‘not ready’ for China trade deal, dismisses recession fears

Views - 12 Wednesday, 21 August 2019 00:00

WASHINGTON (Reuters): US President Donald Trump and top White House officials dismissed concerns that economic growth may be faltering, saying on Sunday they saw little risk of recession despite a volatile week on global bond markets, and insisting t

Hong Kong leader says dialogue and ‘mutual respect’ offer way out of chaos

Views - 11 Wednesday, 21 August 2019 00:00

HONG KONG (Reuters): Hong Kong leader Carrie Lam said yesterday she hoped a peaceful weekend anti-government protest was the start of efforts to restore calm and that talks with non-violent protesters would provide “a way out” for the Chinese-rul

Zakir Naik apologises to Malaysians for racial remarks

Views - 12 Wednesday, 21 August 2019 00:00

KUALA LUMPUR (Reuters): Controversial Indian Islamic preacher Zakir Naik apologised on Tuesday for making racially sensitive remarks in Malaysia, a day after he was questioned by police for hours over the comments. Naik, who faces charges of money la

Fitch raises Malaysia 2019 GDP growth forecast to 4.6% on solid first half

Views - 11 Wednesday, 21 August 2019 00:00

KUALA LUMPUR (Reuters): Fitch Ratings on Monday revised its 2019 growth forecast for Malaysia to 4.6%, from 4.2%, after the country reported stronger-than-expected growth in the first half. Malaysia’s central bank reported second-quarter economic g

Japan exports slide for eight month on weak global demand

Views - 9 Wednesday, 21 August 2019 00:00

TOKYO (Reuters): Japan’s exports slipped for an eight month in July, while manufacturers’ confidence turned negative for the first time in over six years as slowing global growth and the prolonged Sino-US trade war took a toll on the world’s th

Malaysia ex-PM Najib’s major 1MDB trial postponed

Views - 14 Tuesday, 20 August 2019 00:00

Kuala Lumpur (AFP): Malaysian ex-leader Najib Razak’s most significant 1MDB trial, which centres on claims huge sums ended up in his bank account, was postponed Monday for a week after prosecutors said they were not ready. It is the second trial li

US power waning in Pacific, warns top Australian think tank

Views - 13 Tuesday, 20 August 2019 00:00

SYDNEY (AFP): The United States no longer has military primacy in the Pacific and could struggle to defend allies against China, a top Australian think tank has warned. A hard-hitting report from the United States Studies Centre at the University of

British Parliament must reconvene immediately for Brexit crisis, Labour Party says

Views - 10 Tuesday, 20 August 2019 00:00

LONDON (Reuters): Britain’s Parliament needs to be recalled immediately to discuss Brexit, the opposition Labour Party’s Finance Spokesman John McDonnell said on Monday, after leaked official documents forecast possible food, fuel, and medicine s

US economists expect recession in 2020 or 2021: survey

Views - 13 Tuesday, 20 August 2019 00:00

WASHINGTON (AFP): A majority of economists expect a US recession in the next two years, but have pushed back the onset amid Federal Reserve actions, according to a survey released Monday. The National Association for Business Economists found far fe

China says UN council members think India, Pakistan should refrain from unilateral action in Kashmir

Views - 15 Monday, 19 August 2019 00:03

UNITED NATIONS (Reuters): UN Security Council members believe India and Pakistan should refrain from taking unilateral action over the disputed region of Jammu and Kashmir, China’s UN envoy said on Friday after the council met on the issue for the

Hong Kong protesters throng streets in heat and heavy rain

Views - 14 Monday, 19 August 2019 00:02

HONG KONG (Reuters): Hundreds of thousands of anti-Government protesters joined a mass rally in Hong Kong on Sunday, filling major thoroughfares in heavy rain in the 11th week of what have been often violent demonstrations in the Asian financial hub.

UK faces food, fuel and drug shortages, says contested leaked document

Views - 16 Monday, 19 August 2019 00:02

LONDON (Reuters): Britain will face shortages of fuel, food and medicine if it leaves the European Union without a transition deal, according to leaked official documents reported by the Sunday Times, but whose interpretation was contested by Ministe

ANZ slashes forecast for India’s GDP growth in 2019/20 to 6.2%

Views - 13 Monday, 19 August 2019 00:01

NEW DELHI (Reuters): The Australia and New Zealand Banking Group (ANZ) slashed its forecast for India’s economic growth to 6.2% in the financial year ending next March from a previous estimate of 6.5%, warning it would be tough for authorities to e

India reimposes some curbs on movement after violent clashes in Jammu and Kashmir

Views - 17 Monday, 19 August 2019 00:00

SRINAGAR (Reuters): Indian authorities reimposed restrictions on movement in major parts of Kashmir’s biggest city, Srinagar, on Sunday after violent overnight clashes between residents and police in which dozens were injured, two senior officials

Today's Columnists

The Presidential Election: Into anarchy or out of anarchy?

Saturday, 24 August 2019

In politics there are no absolute truths, rights or wrongs: all is relative. Politics is about choices and alternatives. It is also the art of the possible. The best policy for the people is to work through the give

We need to challenge climate change doubters before it is too late

Friday, 23 August 2019

Imagine a London where the entire subterranean region is engulfed with dirty water. Crammed train carriages that once barrelled along 249 miles of track transporting busy office workers, builders, teachers, civil servants, cleaners and students now r

The Provincial Council Elections – The charade goes on

Friday, 23 August 2019

Originally the SLPP was keen to hold the Provincial Council Elections (PCE) immediately after the Local Government Election results as they felt the PCE would go in their favour. PCE were held under the Proportional Representation system. The relevan

The presidency and the dilemma of the Presidential Election

Friday, 23 August 2019

J.R. Jayewardene created a presidential system not because the parliamentary system of governance that preceded it had failed. He wanted to take over all the powers of the State and assume the status of ancient kings who ruled the country in the past

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