Hong Kong Police fires tear gas as clashes erupt after thousands appeal to Trump

Views - 18 Monday, 9 September 2019 00:00

HONG KONG (Reuters): Hong Kong Police fired tear gas to disperse protesters in the upmarket Causeway Bay shopping district yesterday, after demonstrators had rallied at the US Consulate calling for help in bringing democracy to the Chinese-ruled city

Asia shares rise on trade talks hope, firm US data; safe havens sold

Views - 18 Saturday, 7 September 2019 00:10

TOKYO (Reuters): Asian stocks gained on Friday, joining a global trend, with a meeting between US and Chinese negotiators next month signalling an easing in trade tensions. The improvement in investors’ appetite for risk reduced demand for safe hav

US, China agree to resume trade talks, markets jump

Views - 14 Saturday, 7 September 2019 00:05

Washington/Beijing (Reuters): China and the United States on Thursday agreed to hold high-level talks in early October in Washington, cheering investors hoping for a trade war thaw as new US tariffs on Chinese consumer goods chip away at global growt

Slower US job growth expected, but enough to support economy

Views - 13 Saturday, 7 September 2019 00:05

WASHINGTON (Reuters): US job growth likely slowed further in August, but the pace of gains probably remains sufficient to keep the economy expanding moderately amid rising threats from trade tensions and weakness overseas that have left financial mar

Merkel hopes China-US trade problems will be over soon

Views - 12 Saturday, 7 September 2019 00:02

BEIJING (Reuters): German Chancellor Angela Merkel said at the start of a visit to Beijing on Friday that the China-US trade war was affecting the whole world and she hoped it would be resolved soon. Germany’s firms have been

Putin rebuffs call by Japan’s Abe to sign World War Two peace treaty

Views - 17 Friday, 6 September 2019 00:00

VLADIVOSTOK, Russia (Reuters): Russian President Vladimir Putin told his Japanese counterpart Shinzo Abe on Thursday that Tokyo’s military ties with the United States and many other issues made it hard for Japan and Russia to sign a World War Two p

Hong Kong leader says China ‘respects and supports’ withdrawal of extradition bill

Views - 19 Friday, 6 September 2019 00:00

HONG KONG (Reuters): Hong Kong leader Carrie Lam said on Thursday that China “understands, respects and supports” her government’s move to formally withdraw an extradition bill, part of measures she hoped would help the city “move forward”

Confirmation of US-China trade talks buoys shares, investors’ spirits

Views - 20 Friday, 6 September 2019 00:00

TOKYO (Reuters): Asian shares extended gains on Thursday and US stock futures jumped after China said it will hold trade talks with the United States in early October, raising hopes they can de-escalate their trade war before it inflicts further dama

Asia stocks track Chinese gains, pound finds a floor

Views - 18 Thursday, 5 September 2019 00:14

TOKYO (Reuters): Stocks followed a firmer Chinese lead on Wednesday after a report showed growth in the country’s service sector accelerating despite broader economic headwinds, while the pound halted its decline on hopes a no-deal Brexit may yet b

Brexit-worn Britain looks on track for recession: PMI

Views - 15 Thursday, 5 September 2019 00:13

LONDON (Reuters): Britain’s economy is in serious danger of entering its first recession since the financial crisis as business confidence wilts in the Brexit crisis, a closely watched business survey showed on Wednesday. Growth in Britain’s domi

Malaysia pursuing civil action to recover nearly $ 1 b from former 1MDB unit

Views - 15 Thursday, 5 September 2019 00:11

KUALA LUMPUR (Reuters): Malaysia is pursuing civil action to recover about 4 billion ringgit ($954.65 million) of funds disbursed by a former subsidiary of 1MDB, a now-defunct state fund under investigation for money laundering, the Finance Minister

Global stocks stumble toward two -month lows as US data looms

Views - 21 Wednesday, 4 September 2019 00:00

LONDON (Reuters): Global stocks slipped toward a recent two-month low on Tuesday, as US-China trade tensions drove investors to the relative shelter of gold, the Japanese yen and government debt. Sterling was the big mover in currency markets, nearin

Brexit crisis spurs collapse in UK construction orders: PMI

Views - 22 Wednesday, 4 September 2019 00:00

LONDON (Reuters): British construction companies suffered the sharpest drop in new orders since the depths of the financial crisis last month as the Brexit crisis scared away potential customers, a survey showed on Tuesday. The IHS Markit/CIPS UK Con

Iran’s Rouhani rules out bilateral talks with US

Views - 15 Wednesday, 4 September 2019 00:00

DUBAI (Reuters): Iran will never hold bilateral talks with the United States but if it lifts all the sanctions it reimposed on Iran it can join multilateral talks between Iran and other parties to a 2015 nuclear deal, President Hassan Rouhani said on

Australia central bank holds rates, repeats ‘low for longer’ view

Views - 16 Wednesday, 4 September 2019 00:00

SYDNEY (Reuters): Australia’s central bank kept its cash rate at an all-time low of 1% on Tuesday, expecting recent back-to-back policy easing to boost broader economic growth in coming quarters, though it left the door ajar for further cuts. The R

Asian factories lashed by trade wars, slowing demand in August

Views - 21 Tuesday, 3 September 2019 00:00

TOKYO (Reuters): The bitter trade war between China and the United States kept Asian factory activity mostly in decline in August, business surveys showed, strengthening the case for policymakers to unleash fresh stimulus to fend off recession risks.

Stocks slip as new US-China tariffs add to growth risks

Views - 18 Tuesday, 3 September 2019 00:00

TOKYO (Reuters): Global stock prices fell on Monday after the United States and China imposed new tariffs on each other’s goods, reinforcing investors’ worries over slowing global growth, with no clear end in sight for the trade war. The E-mini f

China, US kick off new round of tariffs in trade war

Views - 24 Monday, 2 September 2019 00:02

BEIJING (Reuters): China and the United States began imposing additional tariffs on each other’s goods on Sunday, the latest escalation in a bruising trade war, despite signs that talks would resume sometime this month. A new round of tariffs took

US, Taliban close to deal as fighting intensifies

Views - 15 Monday, 2 September 2019 00:01

KABUL (Reuters): US and Taliban negotiators are close to a deal to reduce fighting and allow full peace talks among Afghans, a top US official said on Sunday, as insurgent forces attacked a second northern city. Zalmay Khalilzad, the Afghan-born US d

Global stocks scale one-week high on trade hopes, yuan softens

Views - 13 Saturday, 31 August 2019 00:11

LONDON (Reuters): World stocks rose to a one-week high on cautious hopes for a rapprochement on trade between Beijing and Washington on Friday, though a perky dollar capped gains with China’s yuan softening again, on track for its weakest month in

Euro zone inflation holds steady in August

Views - 14 Saturday, 31 August 2019 00:10

BRUSSELS (Reuters): Euro zone inflation remained low at 1.0% in August, well below the European Central Bank’s target, a first estimate showed on Friday, bolstering market expectations that the bank will further ease monetary policy next month. The

China, US trade negotiating teams maintaining ‘effective communication’ China

Views - 14 Saturday, 31 August 2019 00:10

BEIJING (Reuters): Chinese and US trade negotiating teams are maintaining effective communication, China’s Foreign Ministry said on Friday at a daily news briefing in Beijing. China and the United States are engaged in a tit-for-tat tariff war invo

Amid crisis, China rejected Hong Kong plan to appease protesters: Sources

Views - 16 Saturday, 31 August 2019 00:10

HONG KONG (Reuters): Earlier this summer, Carrie Lam, the chief executive of Hong Kong, submitted a report to Beijing that assessed protesters’ five key demands and found that withdrawing a contentious extradition bill could help defuse the mountin

Japan’s curbs on high-tech materials exports to South Korea could backfire

Views - 13 Saturday, 31 August 2019 00:10

TOKYOSEOUL (Reuters): Japan’s curbs on exports of high-tech materials to South Korea could backfire in the long run, eroding its dominance over a key link in the global chip supply chain, suppliers and experts say. Japan tightened restrictions last

India’s top ports on alert for attacks from ‘Pakistan-trained commandos’

Views - 20 Friday, 30 August 2019 00:00

NEW DELHI (Reuters): India’s two main ports said on Thursday they had been warned by the Coast Guard and intelligence officials that Pakistan-trained commandos have entered Indian waters to carry out underwater attacks on port facilities. The Mundr

Pakistan carries out training launch of ballistic missile

Views - 17 Friday, 30 August 2019 00:00

Islamabad (Reuters): Pakistan’s military successfully carried out a training launch of a surface-to-surface ballistic missile on Thursday, at a time of heightened tension with neighbouring India over the disputed region of Kashmir, a spokesman said

Rotated China troops ‘will defend Hong Kong prosperity’

Views - 19 Friday, 30 August 2019 00:00

Hong Kong (Reuters): China rotated troops in its People’s Liberation Army garrison in Hong Kong on Thursday, days before protesters planned to hold a march calling for full democracy for the Chinese-ruled city after three months of sometimes violen

Collapse us if you can, British government dares Brexit opponents

Views - 15 Friday, 30 August 2019 00:00

London (Reuters): Prime Minister Boris Johnson’s government on Thursday challenged opponents of Brexit in Parliament to collapse the government or change the law, if they wanted to thwart Britain’s exit from the European Union. More than three ye

US second-quarter GDP growth revised to 2%

Views - 20 Friday, 30 August 2019 00:00

WASHINGTON (Reuters): The US economy slowed a bit more than initially thought in the second quarter as the strongest growth in consumer spending in 4-1/2 years was offset by declining exports and a smaller inventory build. Gross domestic product incr

World stocks slip as bond markets ring recession alarms

Views - 14 Thursday, 29 August 2019 00:21

LONDON (Reuters): World stocks nudged down on Wednesday as deepening inversion of the US bond yield curve a day earlier threw up reminders of looming recession risks, sending investors toward safe havens such as the Japanese yen and precious metals.

Today's Columnists

Industry 4.0, disruptive technology and MAS Matrix: An example for way forward in Sri Lanka

Monday, 16 September 2019

Technology has always been disruptive. When a new technology is introduced, it changes the way the humankind lives, behaves, earns, interacts and communicates. Some 10,000 years ago, when agriculture and animal breeding were domesticated through the

Radically reinvented reality: Relevance to Sri Lanka

Monday, 16 September 2019

I am delighted to be involved in the National HR Conference 2019, the largest HR event in South Asia. This time it is on the theme ‘Radically Reinvented Reality’. We need to take another look at the way we act institutionally and nationally, in u

Boeing in MAX-imum trouble

Monday, 16 September 2019

Boeing, America’s mighty aircraft manufacturer, is in deep trouble. The controversy surrounding the best-selling 737 MAX has refused to go away. The Federal Aviation Administration, the US aviation regulator, has spent over 110,000 hours addressing

Gotabaya Rajapaksa at Viyathmaga: Vision with an authoritarian zeal!

Monday, 16 September 2019

Gotabaya Rajapaksa has unveiled his national strategy or vision as a presidential candidate with an authoritarian zeal. This is clear from his Viyathmaga speech. He should be commended however for his fairly clear expression of views and objectives.

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