Asia stocks slip after Fed tempers aggressive rate cut expectations

Views - 1 Thursday, 27 June 2019 00:42

TOKYO (Reuters): Asian stocks slipped on Wednesday and the dollar pulled back from three-month lows after Federal Reserve officials tempered expectations in the markets for aggressive monetary easing. Fed Chair Jerome Powell on Tuesday said the centr

Trump threatens ‘obliteration’, Iran calls White House ‘mentally retarded’

Views - 2 Thursday, 27 June 2019 00:41

WASHINGTON/DUBAI (Reuters): US President Donald Trump threatened on Tuesday to obliterate parts of Iran if it attacked “anything American,” in a new war of words with Iran which condemned fresh US sanctions on Tehran as “mentally retarded.” B

UN chief says important Mideast peace efforts realise two-state vision

Views - 1 Thursday, 27 June 2019 00:40

UNITED NATIONS (Reuters): United Nations Secretary-General Antonio Guterres said on Tuesday it was important “to pursue peace efforts to realise the vision of two States, Israel and Palestine, living side by side in peace and security.” Guterres

Pompeo meets PM Modi for talks on trade, defence

Views - 2 Thursday, 27 June 2019 00:37

NEW DELHI (Reuters): US Secretary of State Mike Pompeo met India’s Prime Minister Narendra Modi on Wednesday for talks on trade and defence issues that have strained ties between the countries. Just days before Pompeo’s visit, India slapped highe

Trump denies woman’s sexual assault accusation: ‘She’s not my type’

Views - 1 Thursday, 27 June 2019 00:36

WASHINGTON (Reuters): US President Donald Trump denied a new accusation of sexual violence raised by a woman who said she had to fight him off more than 20 years ago in the dressing room of a high-end New York department store. In an interview with T

Parents of girl from India who died in US desert ‘desperate’ for asylum

Views - 6 Wednesday, 26 June 2019 00:11

Reuters: The parents of a six-year-old migrant girl from India who died of heat stroke in an Arizona desert said they sought asylum in the United States because they were “desperate”. “We wanted a safer and better life for our daughter and we m

Qatar will invest $ 3 b in Pakistan

Views - 5 Wednesday, 26 June 2019 00:10

DUBAI (Reuters): Qatar is making $ 3 billion worth of new investments in Pakistan, in the form of deposits and direct investments, the Qatari state news agency QNA said on Monday. Following this investment, the economic partnership between Qatar and

Britain’s new PM by 23 July

Views - 5 Wednesday, 26 June 2019 00:10

LONDON (Reuters): Boris Johnson or Jeremy Hunt will be announced as Britain’s new Prime Minister 23 July, the Conservative Party said yesterday. The party said a postal ballot of the 160,000 or so Conservative Party members to decide who will repla

US to solicit funds for Middle East peace plan though details remain vague

Views - 6 Wednesday, 26 June 2019 00:09

Manama/Jerusalem (Reuters): The Trump administration launches its Israeli-Palestinian peace plan on Tuesday with a bid to drum up $50 billion dollars to fund investment in the region, although the political details remain a secret and Palestinians ha

Trade stress, Iran tensions hits stocks, dollar frets on Fed doves

Views - 6 Wednesday, 26 June 2019 00:01

London (Reuters): European shares were spooked by Iran tensions and trade jitters on Tuesday, while the risk of more dovish talk from the Federal Reserve inflated gold to six-year highs and stoked demand for safe-harbour currencies like the yen and S

Iran says US Middle East peace plan is ‘shameful’ and ‘doomed to failure’

Views - 4 Wednesday, 26 June 2019 00:00

LONDON (Reuters): Iranian Foreign Ministry Spokesman said on Monday the US Middle East peace plan that is set to be presented at an international conference in Bahrain this week is “shameful” and “doomed to failure”.

Oil prices drop on demand worries, Saudi supply pledge

Views - 4 Wednesday, 26 June 2019 00:00

London (Reuters): Oil prices inched lower on Tuesday, weighed down by concerns over declining crude demand and a Saudi pledge to offset any shortfall from countries hit by sanctions, as the market shrugged off risks to supply linked to tensions aroun

Turkey’s Opposition strikes blow to Erdogan with Istanbul mayoral win

Views - 6 Tuesday, 25 June 2019 00:00

ISTANBUL (Reuters): Turkey’s opposition has dealt President Tayyip Erdogan a stinging blow by winning control of Istanbul in a re-run mayoral election, breaking his aura of invincibility and delivering a message from voters unhappy over his policie

Israel will consider US Mideast plan, Palestinians to boycott

Views - 4 Tuesday, 25 June 2019 00:00

RAMALLAH/JORDAN VALLEY, West Bank (Reuters): Israel’s prime minister said on Sunday he would give US President Donald Trump’s Middle East peace plan fair and open consideration, while the Palestinian president rejected the proposal. The two leade

China says both US, China should make compromises in trade talks

Views - 6 Tuesday, 25 June 2019 00:00

BEIJING (Reuters): Both China and the United States should make compromises in trade talks, Chinese Vice Commerce Minister Wang Shouwen said on Monday, ahead of a much anticipated meeting between the Chinese and US presidents at this week’s G20 sum

Oil prices climb as Middle East tensions simmer

Views - 7 Tuesday, 25 June 2019 00:00

TOKYO (Reuters): Oil prices climbed on Monday as tensions remain high between Iran and the United States, with US Secretary of State Mike Pompeo saying “significant” sanctions on Tehran would be announced. Brent futures were up 25 cents, or 0.4%,

G20 nerves hit Europe stocks; dollar slips to three-month low

Views - 6 Tuesday, 25 June 2019 00:00

LONDON (Reuters): European stocks stumbled and the dollar hit three-month lows yesterday as hopes waned for progress in Sino-US trade talks at this week’s G20 meeting and fears of an escalation in Iran tensions flared up. Investors are waiting to

UN chief says essential to avoid escalation in the Gulf

Views - 6 Monday, 24 June 2019 00:00

Lisbon (Reuters): United Nations chief Antonio Guterres warned on Sunday that it is essential to avoid “any form of escalation” in the Gulf as tensions continue to rise following the shooting down of an unmanned US drone this week by Iran. “The

Trump says new sanctions on Iran to start Monday, dials back rhetoric

Views - 5 Monday, 24 June 2019 00:00

DUBAI/WASHINGTON (Reuters): US President Donald Trump said on Saturday he would impose fresh sanctions on Iran but that he wanted to make a deal to bolster its flagging economy, an apparent move to defuse tensions following the shooting down of an un

Kushner’s economic plan for Middle East peace faces broad Arab rejection

Views - 4 Monday, 24 June 2019 00:00

RIYADH/AMMAN/CAIRO (Reuters): Arab politicians and commentators greeted US President Donald Trump’s Middle East $50 billion economic vision with a mixture of derision and exasperation, although some in the Gulf called for it to be given a chance. I

Southeast Asian leaders emphasise economic strength in face of US-China tensions

Views - 6 Monday, 24 June 2019 00:00

Bangkok, Reuters: Southeast Asian leaders agreed on Sunday to work together on the region’s economy and security to strengthen their position to face growing US-China tensions, as they wrapped up their summit in Bangkok. The 10-member Association

Pompeo likely to calm tension with India before expected Trump-Modi talks

Views - 4 Saturday, 22 June 2019 00:02

NEW DELHI (Reuters): US Secretary of State Mike Pompeo will try to soothe increasing friction with India over trade, data flows and arms from Russia during a visit next week and instead focus on strategic ties between the two big democracies, officia

Medic stuns courtroom saying he killed prisoner, not Navy SEAL on trial

Views - 6 Saturday, 22 June 2019 00:02

SAN DIEGO (Reuters): A Navy SEAL medic testified on Thursday that he was responsible for the death of an Islamic State fighter – not the Navy SEAL defendant undergoing a court martial for war crimes – describing it as a mercy killing. Special Ope

Black-clad, anti-extradition protesters flood streets of Hong Kong

Views - 5 Saturday, 22 June 2019 00:01

HONG KONG (Reuters): Thousands of black-clad protesters blocked roads and surrounded police headquarters in Hong Kong on Friday in the latest demonstrations over an extradition bill that has triggered violent protests and plunged the

EU agrees to extend Russia economic sanctions

Views - 4 Saturday, 22 June 2019 00:01

BRUSSELS (Reuters): European Union leaders unanimously agreed to extend sanctions against Russia for another six months because Moscow is not implementing the peace agreements for Ukraine, a spokesman said on Thursday. “Russia sanctions unanimously

Hindu monks push government to help build temple on disputed site in Ayodhya

Views - 4 Saturday, 22 June 2019 00:00

HARIDWAR, India (Reuters): Hundreds of Hindu monks gathered under the banner of a group linked to Prime Minister Narendra Modi’s Hindu nationalist party on Thursday urged the government to help build a temple on a disputed religious site in Ayodhya

Oil rises towards $65 on fears of US attack on Iran

Views - 4 Saturday, 22 June 2019 00:00

LONDON (Reuters): Oil prices rallied towards $65 per barrel on fears of a US military attack on Iran that would disrupt flows from the Middle East, which provides more than 20% of the world’s oil output. Brent crude was up 42 cents, or 0.66%, at $6

Iran-US tensions take the edge off world stocks rally

Views - 4 Saturday, 22 June 2019 00:00

LONDON (Reuters): World stocks fell on Friday, as worries about a threatened US military strike against Iran and a global trade conflict took the edge off a central bank-induced rally from earlier in the week. The New York Times said US President Don

Oil jumps 3% to $63 as Iran shoots down US drone in Gulf

Views - 9 Friday, 21 June 2019 00:00

LONDON (Reuters): Oil jumped more than 3% to above $63 a barrel on Thursday after Iran shot down a US military drone, raising fears of a military confrontation between Tehran and Washington. Also supporting oil were expectations that the US Federal R

Iran says will take drone incident to UN to show US ‘lying’

Views - 7 Friday, 21 June 2019 00:00

TEHRAN, AFP: Iran said Thursday it would go to the UN to prove that a US spy drone it shot down had entered Iranian airspace, contrary to Washington’s claims. “We’ll take this new aggression to #UN & show that the US is lying about internation

Today's Columnists

Soaring heights of NPLs in banking

Thursday, 27 June 2019

Capital inadequacy, political interference, abuse of power, wasteful and unproductive expenditure, corrupt deals, circumventions of regulatory directions, unscrupulous lending operations, imposed IMF and WB conditions for reforms, and window-dressed

New Land Policy: Ideal alternate development strategy, but accompanying policies needed

Thursday, 27 June 2019

It is reported that the Government has prepared a law to grant freehold possession of farm land held under lease from the Government. This may be a revision of the Land Development Ordinance (LDO) of 1935. This article proposes to discuss the pros a

Need for an education revolution: Future of our kids and the nation is at risk – Part II

Thursday, 27 June 2019

Lessons to be learnt from the Asian educational giants A journalist of New York Times requested Hideki Shirakawa, a Nobel laureate, to describe Japanese culture. He said, “Fundamentally, Japanese culture is based on rice farming. Rice cultivation r

Country’s reconciliation with English and Moragahakanda

Thursday, 27 June 2019

When the country received independence from British, it was blessed with an efficient administration, a high standard in education, and also sound foreign exchange reserves; the country was admired by other countries. The three major and several mino

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