China launches first rocket designed by a private company

Views - 8 Friday, 18 May 2018 00:00

BEIJING (Reuters): China launched its first privately developed rocket from a launchpad in northwestern China on Thursday

China does not want to see escalation in Sino-US trade tension

Views - 9 Friday, 18 May 2018 00:00

BEIJING (Reuters): China does not want to see escalation in Sino-US trade tensions, its commerce ministry said on Thursday

Asian shares fall as North Korea suspends talks

Views - 9 Thursday, 17 May 2018 00:08

Shanghai/Tokyo (Reuters): Asian stock markets dipped on Wednesday after Pyongyang abruptly called off talks with Seoul, throwing a US-North Korean summit into doubt, while surging bond yields revived worries about faster US interest rate hikes that c

Gold extends losses after biggest tumble since 2016

Views - 9 Thursday, 17 May 2018 00:07

London (Reuters): Gold prices continued to lose ground yesterday (16 May), falling to their lowest since December as the dollar rallied to 2018 highs and US bond yields sat near multi-year peaks. The metal had suffered its biggest single-day loss sin

Japan’s GDP ends best growth run in decades as spending, trade fade

Views - 6 Thursday, 17 May 2018 00:07

Tokyo (Reuters): Japan’s economy contracted more than expected at the start of this year, suggesting growth has peaked after the best run of expansion in decades, unwelcome news for a government struggling to get traction for its reflationary polic

Oil dips on signs of ample supply despite OPEC cuts, Iran sanctions

Views - 8 Thursday, 17 May 2018 00:07

Singapore (Reuters): Oil prices fell on Wednesday, weighed down by ample supplies despite ongoing output cuts by producer cartel OPEC and looming US sanctions against major crude exporter Iran. Brent crude futures were at $78.22 per barrel at 0644 GM

Large parts of Pakistan hit by power cut

Views - 12 Thursday, 17 May 2018 00:06

Islamabad (Reuters): A power cut hit large part of Pakistan yesterday (16 May), suspending work at factories and businesses in its industrial heartland and highlighting the challenges successive governments have faced in getting to grips with chronic

Malaysia to scrap GST from 1 June

Views - 13 Thursday, 17 May 2018 00:06

Kuala Lumpur (Reuters): Malaysia’s new government said yesterday (16 May) it would reduce a goods and services tax (GST) to zero from 1 June, effectively abolishing it, a move that is likely to spur spending in the Southeast Asian nation but put pr

Australia’s trade minister says China ties priority after recent “differences”

Views - 7 Thursday, 17 May 2018 00:03

Sydney (Reuters): Australia’s trade minister will use a visit to China this week to reinforce ties with his country’s largest trading partner, he said yesterday, following a recent souring in relations. Steven Ciobo’s arrival in Shanghai today

Malaysia’s Anwar walks free after royal pardon, meets Mahathir

Views - 10 Thursday, 17 May 2018 00:00

KUALA LUMPUR (Reuters) - Jailed Malaysian reformist Anwar Ibrahim was granted a full pardon on Wednesday and walked free from a hospital in Kuala Lumpur, capping dramatic changes in the Southeast Asian country since the government was ousted in an el

Merkel defends nuclear deal, Iran says won’t ‘surrender’ to US

Views - 8 Thursday, 17 May 2018 00:00

London (Reuters): German Chancellor Angela Merkel pushed back yesterday (16 May) against Washington’s rejection of the Iran nuclear deal, saying the accord helped outside powers worried about Tehran’s regional role to pursue their concerns with t

North Korea says may reconsider summit with Trump, suspends talks with South

Views - 6 Thursday, 17 May 2018 00:00

SEOUL (Reuters): North Korea threw next month’s unprecedented summit between Kim Jong Un and U.S. President Donald Trump into doubt on Wednesday, threatening weeks of diplomatic progress by saying it may reconsider if Washington insists on unilater

Oil near November 2014 highs firm as markets tighten amid OPEC cuts, Iran sanctions

Views - 7 Wednesday, 16 May 2018 00:00

SINGAPORE (Reuters): Oil prices held firm on Tuesday as ongoing production cuts by OPEC and looming US sanctions against Iran tightened the market amid strong demand.

Gazans bury dead after bloodiest day of Israel border protests

Views - 9 Wednesday, 16 May 2018 00:00

Gaza (Reuters): Palestinians rallied in Gaza on Tuesday for the funerals of scores of people killed by Israeli troops a day earlier,

North, South Korea to hold high-level inter-Korea talks on 16 May

Views - 5 Wednesday, 16 May 2018 00:00

Seoul (Reuters): North Korea and South Korea agreed on Tuesday to hold high-level inter-Korea talks on 16 May to discuss

German growth slows to 0.3% in first quarter on weak trade

Views - 6 Wednesday, 16 May 2018 00:00

BERLIN (Reuters): German economic growth slowed slightly more than expected in the first quarter of the year due to weak trade

Malaysian PM Mahathir says may be prime minister for 1-2 years

Views - 8 Wednesday, 16 May 2018 00:00

Tokyo (Reuters): Newly elected Malaysian Prime Minister Mahathir Mohamad said on Tuesday he may remain premier for up to two years and will play a role in the background even after he steps down.

Shi’ite cleric’s election win puts Iran to the test in Iraq

Views - 6 Wednesday, 16 May 2018 00:00

Baghdad (Reuters): Already pressured by the U.S. withdrawal from the nuclear deal, Iran faces a major test in managing

Shashi Tharoor rejects abetment charge in wife’s death

Views - 7 Wednesday, 16 May 2018 00:00

New Delhi (Reuters): A prominent leader of India’s opposition Congress party, Shashi Tharoor

Israeli forces kill 28 in Gaza protests as anger mounts over US Embassy

Views - 7 Tuesday, 15 May 2018 00:24

Gaza Border (Reuters): Israeli forces killed at least 28 Palestinians along the Gaza border yesterday (14 May), health officials said, as demonstrators streamed to the frontier on the day the United States prepared to open its embassy in Jerusalem. I

Ten die in Bangladesh stampede for alms ahead of Ramadan, 50 hurt

Views - 11 Tuesday, 15 May 2018 00:23

Chittagong, Bangladesh (Reuters): A stampede yesterday (14 May) by thousands of poor villagers outside the home of a businessman distributing alms ahead of Ramadan killed at least 10 women and injured about 50 people, police in southeast Bangladesh s

Malaysia’s Mahathir vows to investigate toppled government

Views - 10 Tuesday, 15 May 2018 00:23

Kuala Lumpur (Reuters): Malaysian Prime Minister Mahathir Mohamad vowed yesterday (14 May) to investigate faults that may have been committed by the government toppled in last week’s general election, and said all ministries had been instructed not

Pakistan condemns ex-PM Sharif over comment on 2008 Mumbai attack

Views - 8 Tuesday, 15 May 2018 00:22

Islamabad (Reuters): Pakistan’s top civil and military leaders yesterday (14 May) condemned a suggestion by ousted Prime Minister Nawaz Sharif that Islamist militants who killed 166 people in Mumbai in 2008 had crossed the border from Pakistan. The

Indian finance minister stable after kidney transplant, hospital says

Views - 7 Tuesday, 15 May 2018 00:22

New Delhi (Reuters): Indian Finance Minister Arun Jaitley was stable yesterday (14 May) after undergoing a kidney transplant, his hospital said in a statement. Jaitley, who had largely worked from home over the past month, was admitted to the All Ind

Xerox says it is ending Fujifilm deal, settles with Icahn, Deason

Views - 6 Tuesday, 15 May 2018 00:00

NEW YORK (Reuters): Xerox Corp said on Sunday it was ending a planned $6.1 billion deal with Fujifilm Holdings Corp and had reached a settlement with activist investors Carl Icahn and Darwin Deason. The company said Chief Executive Officer Jeff Jacob

World stocks head higher on hopes of thawing trade tensions

Views - 17 Tuesday, 15 May 2018 00:00

London (Reuters): Prospects of a thaw in US-China trade tensions supported global stocks yesterday (14 May), as US President Donald Trump pledged to help ZTE Corp “get back into business, fast” after a US ban crippled the Chinese technology compa

British spy chief says Russia is spreading lies to undermine the West

Views - 9 Tuesday, 15 May 2018 00:00

Berlin (Reuters): Britain’s MI5 spy chief accused Russia on Monday on attempting to subvert Western democracies by sowing disinformation and spreading lies. In the first public speech outside Britain by a serving head of MI5, Andrew Parker said Bri

Oil prices fall as Iran nuclear deal retains support

Views - 13 Monday, 14 May 2018 00:00

NEW YORK (Reuters) - Crude prices fell in a see-saw session on Friday, retreating after early gains as it looked likely that U.S. allies would push to maintain a deal with Iran, which could keep that country’s crude exports on global markets.

In an interplanetary first, NASA to fly a helicopter on Mars

Views - 17 Monday, 14 May 2018 00:00

Washington (Reuters): NASA said on Friday (11 May) it will send a small helicopter to Mars as part of the U.S. space agency’s 2020 mission to place a next-generation rover on the Martian surface, marking the first time such an aircraft will be used

Cambodia economy to grow 6.9% this year, driven by exports: World Bank

Views - 9 Monday, 14 May 2018 00:00

PHNOM PENH (Reuters): Cambodia’s economy is expected to grow 6.9% this year, compared with a 6.8% in 2017, driven by a recovery in textile exports, tourism and agricultural sectors, the World Bank said last week.

Today's Columnists

Annuity-based PPP can expedite infrastructure developments

Tuesday, 22 May 2018

Sri Lanka has primarily relied on public finance for the development of public goods and infrastructure. While running

Is there value in surveillance? Ask the Chinese

Tuesday, 22 May 2018

Global commentary would suggest that surveillance (whether offline or online) casts a shadow on personal freedoms and any conversation that involves such spy games quite quickly descends into a 1984-esque discussion about dystopian futures. However,

Mangala’s Gam Peraliya: Good move but essential requirement a village level database

Monday, 21 May 2018

Finance Minister Mangala Samaraweera, announcing the Government’s decision to move for a flexible fuel price system based on international prices built into a pricing formula, made a side announcement as well.

New mandate to navigate ‘Nation’s management mentor’

Monday, 21 May 2018

I was delighted to be reappointed by the University Grants Commission (UGC) as the Director of the Postgraduate Institute of Management (PIM) for the second term of three years.

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