Simmering Korea tensions hit global stocks and dollar

Views - 3 Thursday, 7 September 2017 00:00

London (Reuters): Global shares fell and the dollar dipped against the Japanese yen on Wednesday as still-simmering tension over the Korean peninsula kept investors wary of taking on risk.

Myanmar’s Suu Kyi under pressure as almost 125,000 Rohingya flee violence

Views - 7 Wednesday, 6 September 2017 00:00

Cox’s Bazar, Bangladesh/Dhaka (Reuters): Myanmar leader Aung San Suu Kyi has come under pressure from countries with large Muslim populations including Bangladesh, Indonesia and Pakistan to stop violence against Rohingya Muslims after nearly 125,00

Russia may order US to cut further its diplomatic staff in Moscow: Putin

Views - 4 Wednesday, 6 September 2017 00:00

Xiamen, China (Reuters): Russia reserves the right to further reduce the number of US diplomatic staff in Moscow, Russian President Vladimir Putin said on Tuesday, adding that Moscow would not do that for now.

China’s Xi says global economy improving, urges resistance to protectionism

Views - 4 Wednesday, 6 September 2017 00:00

Xiamen, China (Reuters): Chinese President Xi Jinping told an international summit on Tuesday that although the global economy had improved, risk factors had also increased.

BRICS countries deplore North Korean nuclear test, oppose protectionism: Draft communique

Views - 4 Tuesday, 5 September 2017 00:00

Xiamen, China (Reuters): The nations of the BRICS grouping strongly deplore North Korea’s nuclear test but the problem over its nuclear program should only be settled through peaceful means and dialogue, they said in a draft communique seen by Reut

Nearly 90,000 Rohingya escape Myanmar violence as humanitarian crisis looms

Views - 5 Tuesday, 5 September 2017 00:00

Cox’s Bazar, Bangladesh/Yangon (Reuters): Nearly 90,000 Rohingya have fled to Bangladesh since violence erupted in Myanmar in August, pressuring scarce resources of aid agencies and communities already helping hundreds of thousands of refugees from

Dollar weakens versus yen, franc on North Korea nuclear tests

Views - 8 Tuesday, 5 September 2017 00:00

London (Reuters): The dollar fell against the Japanese yen and the Swiss franc on Monday as concerns about geopolitical risks following North Korea’s latest nuclear test over the weekend prompted a rush to traditional currency hedges.

UK PM May says EU repeal bill best way to avoid Brexit ‘cliff edge’

Views - 2 Monday, 4 September 2017 00:00

London (Reuters): Prime Minister Theresa May warned lawmakers on Saturday that Britain could be faced with a Brexit “cliff edge” if they fail to back her EU repeal bill, as reports suggest momentum is growing within the ruling Conservative party

Australia defends hardline immigration policy as keeping out ‘undesirables’

Views - 4 Monday, 4 September 2017 00:00

Reuters: Australia said on Sunday it is stopping ‘undesirables’ such as terrorists, paedophiles, organised criminals and drug smugglers from boarding flights to the country, defending its hardline immigration policy that has drawn criticism from

North Korea claims it has an ‘advanced hydrogen bomb’

Views - 2 Monday, 4 September 2017 00:00

Seoul (Reuters): Two shallow earthquakes shook North Korea on Sunday, suggesting it had detonated a sixth nuclear test device, hours after it said it had developed an advanced hydrogen bomb that possesses “great destructive power”.

What slowdown? Asian factories chug along as global demand holds up

Views - 2 Monday, 4 September 2017 00:00

Hong Kong (Reuters): Asia’s factories cranked up production in August as global demand remained strong, confounding expectations that growth may have peaked, but worries about China’s massive debt and monetary tightening in the West are likely to

UN Chief urges end to Palestinian feuding amid energy crisis

Views - 4 Friday, 1 September 2017 00:00

Gaza (Reuters): U.N. Secretary-General Antonio Guterres appealed in the Gaza Strip on Wednesday for an end to Palestinian political divisions that have deepened an energy crisis in the isolated enclave of two million people.

Fans gather at dawn to remember Diana 20 years after her death

Views - 5 Friday, 1 September 2017 00:00

London (Reuters): Fans of Princess Diana gathered at dawn at the gates of Kensington Palace on Thursday to celebrate the life of a woman who reshaped Britain and its royal family when she died 20 years ago.

Nearly 1.5m pilgrims arrive for Hajj in Saudi Arabia

Views - 5 Friday, 1 September 2017 00:00

Jeddah: Saudi Arabia has to date welcomed 1.497 million pilgrims who have flocked to the country in preparation for the annual Islamic Hajj pilgrimage, which is due to begin on 30 August.

Moody’s says G20 GDP growth to exceed 3%, warns of geopolitical risks

Views - 6 Thursday, 31 August 2017 00:00

Hong Kong (Reuters): Moody’s Investors Service kept its forecast for G20 economic growth at just over 3% for this year and next, but warned of geopolitical risks, U.S. protectionism and spillovers from global monetary tightening and China’s delev

Dollar rebounds, Asia stocks gain as North Korea missile test fears recede

Views - 6 Thursday, 31 August 2017 00:00

Singapore (Reuters): The dollar rebounded from a 2-1/2-year low on Wednesday, and Asian stocks took their cue from Wall Street’s higher close, as concerns about North Korea’s firing of a missile over Japan ebbed.

UN condemns ‘outrageous’ North Korea missile launch, Pyongyang says more to come

Views - 10 Thursday, 31 August 2017 00:00

Seoul/United Nations (Reuters): The United Nations condemned North Korea’s “outrageous” firing of a ballistic missile over Japan on Tuesday, demanding Pyongyang halt its weapons programme but holding back on any threat of new sanctions on the i

North Korea’s “reckless” missile launch over Japan sharply escalates tension

Views - 5 Wednesday, 30 August 2017 00:00

Tokyo/Seoul (Reuters): North Korea fired a ballistic missile over Japan’s northern Hokkaido island into the sea early on Tuesday, prompting warnings to residents to take cover and drawing a sharp reaction from Japanese Prime Minister Shinzo Abe.

Pope to visit Myanmar, Bangladesh amid Rohingya crisis

Views - 8 Wednesday, 30 August 2017 00:00

Rome (Reuters): Pope Francis plans to visit Myanmar and Bangladesh in late November and early December, two countries caught up in a crisis over the Rohingya Muslim minority.

Marcos kin offer gold, assets to Philippines: Duterte

Views - 11 Wednesday, 30 August 2017 00:00

AFP: Philippine President Rodrigo Duterte said Tuesday the heirs of late dictator Ferdinand Marcos had offered to return to the government some of the family’s disputed wealth, including “a few gold bars”.

Bangladesh pushes back thousands of Rohingya fleeing Myanmar violence

Views - 29 Tuesday, 29 August 2017 00:33

Cox’s Bazar, Bangladesh (Reuters): Bangladesh border guards on Monday moved to push back thousands of Rohingya Muslims fleeing the worst violence in Myanmar in five years, with 104 people killed and the United Nations and aid groups forced t

India and China agree to end border standoff

Views - 53 Tuesday, 29 August 2017 00:23

 Disengagement just days ahead of BRICs summit Longest military face off in years   New Delhi/Beijing (Reuters): India and China have agreed to an “expeditious disengagement” of troops in a dis

Pakistan postpones US visit after Trump speech

Views - 41 Tuesday, 29 August 2017 00:23

Islamabad (Reuters): Pakistan postponed a visit by a US acting Assistant Secretary of State, officials said, as small protests broke out against President Donald Trump’s accusations that Islamabad was prolonging the war in Afghanistan. The

Saudi-led force admits strike in Yemen’s capital hit civilians

Views - 70 Monday, 28 August 2017 00:13

Riyadh (Reuters): A Saudi-led Arab coalition on Saturday conceded that an air raid in Yemen’s capital a day earlier had resulted in civilian casualties, blaming the incident on an unspecified “technical error”. A man carr

Defiant Merkel takes on protestors at rowdy campaign rally

Views - 70 Monday, 28 August 2017 00:13

Quedlinburg, Germany (Reuters): Chancellor Angela Merkel stood up to rowdy protestors who tried to drown out her campaign speech with deafening jeers and whistles in the eastern town of Quedlinburg on Saturday, telling them that their angry shouts

Trump under attack for pardoning controversial sheriff

Views - 77 Monday, 28 August 2017 00:13

WASHINGTON (Reuters): President Donald Trump should not have pardoned a former Arizona sheriff who was convicted of criminal contempt in a case of racial profiling, the Republican speaker of the House of Representatives, Paul Ryan, said on Saturda

Asia stocks resilient, dollar up before Yellen, Draghi speeches

Views - 117 Saturday, 26 August 2017 00:34

SINGAPORE (Reuters): Asian stocks advanced on Friday, once again shrugging off a sluggish day on Wall Street, and the dollar strengthened as attention shifted to the central bankers’ symposium in Jackson Hole, Wyoming, that began on Thursday

At least 71 killed in Myanmar as Rohingya insurgents stage major attack

Views - 121 Saturday, 26 August 2017 00:34

YANGON (Reuters) - Muslim militants in Myanmar staged a coordinated attack on 30 police posts and an army base in Rakhine state on Friday, and at least 59 of the insurgents and 12 members of the security forces were killed, the army and government

Protests after ‘godman’ Ram Rahim Singh’s rape conviction kill at least 14

Views - 118 Saturday, 26 August 2017 00:29

PANCHKULA, India (Reuters) - Violent protests erupted on Friday, killing at least 14 people, after a court convicted a self-styled “godman” of raping two women, angering thousands of his supporters who said he was innocent, police and

Saudi, China investment fund size put at $ 20 b

Views - 193 Friday, 25 August 2017 00:00

Saudi Arabia and China plan to establish and operate jointly a $ 20 billion investment fund, Saudi Minister of Energy, Industry and Mineral Resources Khalid Al-Falih has been quoted as saying by Reuters. Al-Falih was speaking on the sidelines of

Today's Columnists

Is Sri Lanka ready for the 2025 growth agenda?

Tuesday, 19 September 2017

The other day the President and Prime Minister launched the 2025 vision for Sri Lanka which was incidentally the third policy statement of the Government since coming to power in 2015. My view is that the continuous changes to policy is important and

Venerable villainy of mercenary monks

Tuesday, 19 September 2017

The picture says it all. The ‘Silredi Sirakaruwan Mudaganime Aramudala’ was not demonstration of piety. It was a bold repudiation of the rule of law by a cabal of venerable villains, brazenly insisting that we Sinhala Buddhists submit to a rule b

Government has accepted jurisdiction of the International Court of Justice over Sri Lanka

Tuesday, 19 September 2017

At the ongoing September 2017 sessions of the UN Human Rights Council, the UK has written to the President of the Council to assert that a long standing dispute it has with the Mauritius cannot be referred to the International Court of Justice becaus

Vision 2025: Part 1: Need for moving from a wish list to a concrete plan

Monday, 18 September 2017

The Unity Government released its newest economic policy statement titled V2025 – the marketing tag for the goals it has set for realisation from 2017 to 2025 – two weeks ago.

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