Trump gives Saudi Arabia benefit of doubt in journalist’s disappearance

Views - 3 Thursday, 18 October 2018 00:21

Washington/Riyadh (Reuters): US President Donald Trump gave Saudi Arabia the benefit of the doubt in the disappearance of journalist Jamal Khashoggi even as US lawmakers pointed the finger at the Saudi leadership and Western pressure mounted on Riyad

Maldives’ president says preparing to step down with no regrets on any decisions

Views - 3 Thursday, 18 October 2018 00:20

MALÉ (Reuters) - The president of the Maldives, Abdulla Yameen, said on Wednesday he had no complaints or reservations about any of his decisions while in office, and that he was preparing to step down, despite having challenged his election defeat

Indian Minister resigns to fight sexual harassment accusations

Views - 1 Thursday, 18 October 2018 00:19

New Delhi (Reuters) - Union minister M. J. Akbar resigned on Wednesday, saying he was doing so in order to fight accusations of sexual harassment levied by several women, the most high-profile casualty of a growing #MeToo movement. More than a dozen

Asia shares echo Wall Street cheer, China more muted

Views - 2 Thursday, 18 October 2018 00:15

SYDNEY (Reuters): Asian equities got some welcome relief on Wednesday after upbeat US earnings reports drove a rebound on Wall Street and helped restore a little faith in emerging market stocks and currencies. Japan’s Nikkei galloped out of the gat

Australian PM criticised for possibly recognising Jerusalem as Israeli capital

Views - 2 Wednesday, 17 October 2018 00:00

SYDNEY (Reuters): Australian Prime Minister Scott Morrison, whose government faces a crucial by-election in four days, said on Tuesday Canberra was open to recognising Jerusalem as Israel’s capital, prompting concern from Indonesian and Palestinian

Slain Salvadoran bishop Romero and Pope Paul VI become saints

Views - 2 Wednesday, 17 October 2018 00:00

VATICAN CITY (Reuters): Pope Francis on Sunday made saints of two of the most contentious Roman Catholic figures of the 20th century – murdered Salvadoran Archbishop Oscar Romero and Pope Paul VI, who reigned over one of the Church’s most turbule

Ethiopia creates ‘Peace Ministry’ to tackle violence in sweeping reshuffle

Views - 2 Wednesday, 17 October 2018 00:00

ADDIS ABABA (Reuters): Ethiopia’s prime minister created a new Ministry of Peace and handed half the posts in his cabinet to women in a sweeping cabinet reshuffle on Tuesday as he sought to tackle a wave of ethnic violence. Abiy Ahmed - who has tur

Two Koreas, UN Command hold first talks on disarming border

Views - 2 Wednesday, 17 October 2018 00:00

SEOUL (Reuters): North Korea, South Korea and the United Nations Command (UNC) held their first three-way talks on Tuesday to discuss demilitarising the border as the two Koreas push for peace, Seoul’s defence ministry said. The two Koreas agreed d

Pompeo meets Saudi king on Khashoggi case, Turks study “toxic materials”

Views - 4 Wednesday, 17 October 2018 00:00

RIYADH/ISTANBUL (Reuters) - U.S. Secretary of State Mike Pompeo met Saudi Arabia’s king and crown prince to discuss the disappearance of journalist Jamal Khashoggi on Tuesday and Turkey’s foreign minister said the envoy would bring information ab

Trade war cost: China’s third quarter GDP growth seen hitting lowest since 2009

Views - 4 Wednesday, 17 October 2018 00:00

BEIJING (Reuters): At week’s end, global investors and policy makers will likely be given a stark reminder of the costs of a bitter Sino-US trade war, with a Reuters poll predicting that China’s third-quarter growth will slow to its weakest pace

Trump rhetoric unhelpful for trade talks, says EU’s Malmstrom

Views - 3 Wednesday, 17 October 2018 00:00

BERLIN (Reuters) - The EU’s Trade Commissioner said on Tuesday that some of U.S. President Donald Trump’s rhetoric was unhelpful while she was trying to make progress in trade talks and said the bloc would have to respond if Washington imposed ta

Iran says Trump cannot bring oil prices down by ‘bullying’

Views - 2 Wednesday, 17 October 2018 00:00

LONDON (Reuters) - U.S. President Donald Trump cannot bring oil prices down by “bullying” other nations, Iran’s oil minister said on Tuesday, adding that the market was suffering from short supply. U.S. sanctions on Iranian oil exports are due

Oil falls on US shale output, expected stocks data

Views - 4 Wednesday, 17 October 2018 00:00

LONDON (Reuters): Oil prices fell on Tuesday on evidence of higher US oil production and increasing US crude inventories, but reports of a fall in Iranian oil exports helped to limit losses. Brent crude was down 70 cents a barrel at $80.08 by 1100 GM

Maldives opposition supporters protest as court reviews election challenge

Views - 4 Tuesday, 16 October 2018 00:52

MALE (Reuters): Hundreds of Maldivians protested on Sunday demanding the arrest of defeated President Abdulla Yameen as its top court began to hear a petition challenging the outcome of last’s month election in the island nation. The tourist archip

Trump says he is ‘comfortable’ as president despite political battles

Views - 2 Tuesday, 16 October 2018 00:52

WASHINGTON (Reuters): President Donald Trump said in an interview broadcast on Sunday that he was “comfortable” in the White House after almost two years in office, despite political storms over immigration, tariffs and his nomination of Supreme

Asian shares resume descent, oil prices up on Saudi tensions

Views - 5 Tuesday, 16 October 2018 00:51

TOKYO (Reuters): Asian shares slipped on Monday as worries over Sino-US trade disputes, a possible slowdown in the Chinese economy and higher US borrowing costs tempered optimism despite a rebound in global equities late last week. Not helping the mo

UK’s Duchess of Sussex Meghan Markle is pregnant: Kensington Palace

Views - 2 Tuesday, 16 October 2018 00:51

LONDON (Reuters): Britain’s Duchess of Sussex Meghan Markle, wife of Queen Elizabeth’s grandson Prince Harry, is pregnant with the couple’s first child due in the spring of 2019, Kensington Palace said on Monday. The baby will be seventh-in-lin

Opinion poll shows some voters warming to Australia’s new prime minister

Views - 4 Tuesday, 16 October 2018 00:51

SYDNEY (Reuters): Australia’s new prime minister extended his party’s nascent recovery, one widely watched opinion poll showed on Monday, six days before a crucial by-election, but the main Labour opposition still holds a landslide-sized lead bef

Pakistan stocks down 3% after appeal for IMF bailout

Views - 2 Tuesday, 16 October 2018 00:50

Karachi, Pakistan (Reuters): Pakistan stocks slid by 3% on Monday weighed down by a global selloff and the new government seeking a bailout from the International Monetary Fund (IMF). The Pakistan Stock Exchange’s benchmark 100-share index lost 112

Trump says US would be ‘punishing’ itself if it halts Saudi arms sales

Views - 7 Monday, 15 October 2018 00:58

Washington (Reuters): US President Donald Trump said on Saturday the United States would be “punishing” itself by halting military sales to Saudi Arabia even if it is proven that Saudi journalist Jamal Khashoggi was killed inside the country’s

US wants ‘regime change’ in Iran: Rouhani

Views - 2 Monday, 15 October 2018 00:56

Reuters: The United States is seeking “regime change” in Iran, President Hassan Rouhani said on Sunday, adding that the current US administration is the most hostile that the Islamic Republic has faced in its four decades.

World Bank provides $ 1 b standby facility for Indonesia disaster relief

Views - 1 Monday, 15 October 2018 00:55

NUSA DUA, Indonesia (Reuters): The World Bank on Sunday said it would provide a standby loan of up to $ 1 billion for the Indonesian Government for relief and reconstruction efforts in the country’s two islands that were hit by earthquakes and a ts

Swedish centre-right Alliance leader abandons attempt to form Govt. for now

Views - 1 Monday, 15 October 2018 00:54

STOCKHOLM (Reuters): Sweden’s Moderate Party Leader Ulf Kristersson said on Sunday that he had been unable to get enough support for a centre-right coalition Government, putting the task of finding a candidate for Prime Minister back in the hands o

Russian opposition leader Navalny freed from jail

Views - 1 Monday, 15 October 2018 00:52

Moscow (Reuters): Russian opposition leader Alexei Navalny was released on Sunday after 20 days in jail where he was held on charges of staging an illegal protest last month. Navalny had been detained since 24 September when he finished a previous in

5 Koreans among 9 killed in Himalayas in Nepal

Views - 2 Monday, 15 October 2018 00:51

KATHMANDU (Reuters): Five South Korean climbers and their four Nepali guides have been killed after their basecamp in the Himalayas was ravaged by a storm, local police and hiking officials said on Sunday.

US to seek currency chapters in trade talks with Japan, others: Mnuchin

Views - 1 Monday, 15 October 2018 00:00

NUSA DUA, Indonesia (Reuters): US Treasury Secretary Steven Mnuchin said on Saturday that Washington wants to include a provision to deter currency manipulation in future trade deals, including with Japan, based on the currency chapter in the new dea

Egypt minister sees no threats attached to China investment

Views - 2 Monday, 15 October 2018 00:00

NUSA DUA, Indonesia (Reuters) - Egypt is only accepting Chinese investments in projects that are mutually beneficial, its investment minister said on Sunday, amid growing skepticism in some countries about risks tied to ‘Belt and Road’ investment

BOJ Governor warns of darkening global prospects as trade tensions weigh

Views - 1 Monday, 15 October 2018 00:00

NUSA DUA, Indonesia (Reuters): Escalating trade tension, emerging market turbulence and huge debt piling up in some countries pose risks to the world economy, Bank of Japan Governor Haruhiko Kuroda said on Sunday, his strongest warning to date over a

Japan, as next year’s G20 chair, wants to put global imbalances on the map

Views - 3 Monday, 15 October 2018 00:00

Nusa Dua, Indonesia (Reuters); Japan wants to highlight global imbalances as key topics of debate, and take steps to fix them, when it chairs next year’s gatherings of the Group of 20 major economies, government officials said this week.

IMF members pledge to avoid using currencies as trade weapon

Views - 3 Monday, 15 October 2018 00:00

Nusa Dua, Indonesia (Reuters): The International Monetary Fund said on Saturday its members pledged to refrain from competitive currency devaluations and step up dialogue on trade, as escalating trade frictions and higher borrowing costs threatened t

Today's Columnists

Finishing the job of ending poverty in South Asia

Thursday, 18 October 2018

“I have a four-year-old son back in my village. I want to make a better life for him,” says Sharmin Akhtar, a 19-year-old employee in one of Dhaka’s many flourishing garment factories. Like thousands of other poor women, Sharmin came down to B

Depreciating rupee: Avoiding a money-go-round

Wednesday, 17 October 2018

Sri Lanka’s excessive reliance on foreign capital to finance investment under favourable external financial conditions is now leading to disruptions, as those conditions change in a decisive interest rate tightening phase in the United States. As U

Responsible water stewardship in Sri Lanka

Wednesday, 17 October 2018

Unlike many of our regional neighbours, Sri Lanka is blessed with an abundant water table. However, many companies do not feel the full value of this precious resource due to the limited regulation and monitoring of fresh water extraction for busines

Economy in disarray, banks flourishing; can this be true?

Wednesday, 17 October 2018

It is earlier reported that the growth in bank credit accelerated in August despite the tight credit and money conditions and rising non-performing loans in the banking sector. It is further reported that the year-on-year (YoY) growth in credit accel

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