BOJ holds policy, sticks to modest economic growth view despite trade perils

Views - 4 Thursday, 20 September 2018 00:12

TOKYO (Reuters): The Bank of Japan kept monetary policy steady on Wednesday and maintained its view the economy will continue to expand modestly, even as escalating global trade frictions threaten to chill growth. The central bank’s nine-member boa

China to penalise $60 billion of US imports in tit-for-tat move

Views - 9 Thursday, 20 September 2018 00:10

WASHINGTON/BEIJING (Reuters): China and the United States plunged deeper into a trade war on Tuesday after Beijing added $60 billion of US products to its import tariff list in retaliation for President Donald Trump’s planned levies on $200 billion

Trump slaps tariffs on $200 b in Chinese goods, spares some consumer tech

Views - 10 Wednesday, 19 September 2018 00:00

WASHINGTON (Reuters): US President Donald Trump escalated his trade war with China on Monday, imposing 10 percent tariffs on about $200 billion worth of Chinese imports, but sparing smart watches from Apple and Fitbit and other consumer products such

North Korea’s Kim says he hopes for ‘big outcome’ at inter-Korean summit

Views - 2 Wednesday, 19 September 2018 00:00

SEOUL (Reuters): North Korean leader Kim Jong Un said he wanted to produce a “big outcome” as he began three days of summit talks on Tuesday with South Korea’s President Moon Jae-in aimed at rekindling stalled nuclear diplomacy. The two leaders

Trump orders more Russia-related probe documents to be declassified

Views - 2 Wednesday, 19 September 2018 00:00

WASHINGTON (Reuters): US President Donald Trump has directed the Justice Department to immediately declassify more information related to the investigation into possible election meddling by Russia, the White House said on Monday. Trump’s demands m

DIMO plays Cupid

Views - 2 Wednesday, 19 September 2018 00:00

DIMO organized an evening of romance where everybody fell in love with the all new Mercedes-Benz CLS at Park Street Mews recently. This was organised aligning with seven romantic themes to introduce the exclusive features of Mercedes-Benz CLS. Seven

May cautions: Support my Brexit deal or face no deal

Views - 2 Tuesday, 18 September 2018 00:00

LONDON (Reuters): British Prime Minister Theresa May has warned rebels in her party that unless they support her potential Brexit deal with the EU then they will face a no deal. The United Kingdom is due to leave the EU on March 29 and yet little is

North Carolina devastated as floodwaters rise from deadly storm Florence

Views - 2 Tuesday, 18 September 2018 00:00

Wilmington/Wilson, N.C. (Reuters): Deadly storm Florence drenched North Carolina with more downpours on Sunday, cutting off the coastal city of Wilmington, damaging tens of thousands of homes and threatening worse flooding as rivers fill to the burst

Hong Kong, southern China clean up after super typhoon

Views - 2 Tuesday, 18 September 2018 00:00

SHANGHAI (Reuters): The financial hub of Hong Kong began clearing up on Monday after being battered by one of the strongest typhoons in recent years, with financial markets and offices operating as normal. Super typhoon Mangkhut, with hurricane-force

Japanese submarine conducts first drills in South China Sea

Views - 3 Tuesday, 18 September 2018 00:00

TOKYO (Reuters): A Japanese submarine joined a naval drill in the South China Sea for the first time, the Ministry of Defence said on Monday, in an escalation of Japanese activity in the disputed waterway claimed by China and others. The Maritime Sel

Pakistan’s army chief visits Beijing after “Silk Road” tension

Views - 4 Tuesday, 18 September 2018 00:00

ISLAMABAD (Reuters): Pakistan’s army chief General Qamar Javed Bajwa began a three-day visit to China on Sunday, Pakistan’s military said, days after a Pakistani minister stirred unease about Chinese Silk Road projects in the South Asian nation.

Asian shares slugged by new US tariff threat

Views - 4 Tuesday, 18 September 2018 00:00

SYDNEY (Reuters): Most Asian share markets slid on Monday amid reports Washington was about to announce a new round of tariffs on Chinese imports, setting the stage for possible reprisals by Beijing. Liquidity was thin with Japan on holiday and moves

Super typhoon heads for Hong Kong, China after killing 25 in Philippines

Views - 6 Monday, 17 September 2018 00:13

HONG KONG/MANILA (Reuters): A super typhoon swirled towards Hong Kong and the Chinese coast on Sunday, gaining in strength over the South China Sea after hurtling through the Philippines, where it wreaked havoc that killed at least 25.

Iraq parliament elects Sunni lawmaker al-Halbousi as speaker, breaking deadlock

Views - 2 Monday, 17 September 2018 00:10

ERBIL/SULAIMANIYA, Iraq (Reuters): Iraq’s parliament elected Sunni lawmaker Mohammed al-Halbousi as speaker on Saturday, marking an important step towards establishing a new government four months after an inconclusive national election.

Pope Francis expels Chilean priest accused of child sex abuse

Views - 3 Monday, 17 September 2018 00:08

SANTIAGO (Reuters): Pope Francis on Saturday expelled a Chilean priest under investigation in a case involving the sexual abuse of children, according to a report by local media on Saturday, amid a growing global abuse scandal that has shaken the Rom

Palestinian official says US will never present Middle East peace plan

Views - 2 Monday, 17 September 2018 00:06

Jericho, West Bank (Reuters): The United States will not present its long-awaited plan for Israeli-Palestinian peace any time soon and is instead trying to unilaterally change the terms of reference for any future proposal, a senior Palestinian offic

UK opposition says big London banks must never again be ‘masters of the economy’

Views - 3 Monday, 17 September 2018 00:00

London (Reuters): London’s vast financial sector must never again be the “masters of the economy”, the finance spokesman of Britain’s opposition Labour Party said, accusing bankers of profiting from speculation at the expense of ordinary peop

Pakistan wants more social development from China’s ‘Belt and Road’

Views - 4 Monday, 17 September 2018 00:00

Islamabad (Reuters): Pakistan wants the projects on its soil under China’s global Belt and Road initiative to focus more on social development as well as huge infrastructure projects, a Pakistani minister said last week.

France to replace ‘Exit Tax’ on capital gains, target fiscal cheats

Views - 3 Monday, 17 September 2018 00:00

Paris (Reuters): France will abolish a tax imposed on the capital gains of top earners and entrepreneurs who leave France and sell their assets with a more-targeted levy designed to deter tax optimisation, a finance ministry spokesman said on 15 Sept

Arun Jaitley says confident of meeting fiscal deficit target

Views - 3 Monday, 17 September 2018 00:00

New Delhi (Reuters): Finance Minister Arun Jaitley said on 15 September that the government is confident of meeting its fiscal deficit target of 3.3% of gross domestic product in the current fiscal year, a day after outlining a number of measures to

G20 trade ministers say WTO reform ‘urgent’ as new Trump tariffs loom

Views - 2 Monday, 17 September 2018 00:00

Mar Del Plata (Reuters): Trade and investment ministers from G20 countries meeting in Argentina said there was an “urgent need” to improve the World Trade Organisation, a joint statement said on 14 September.

Euro hits two-week high as hopes rise for US-China trade talks

Views - 2 Saturday, 15 September 2018 00:00

LONDON (Reuters): The euro rose above $1.17 to a two-week high on Friday after weaker-than-expected US inflation data continued to weigh on the dollar and a broader recovery in investment sentiment supported the single currency. The Turkish central b

China says world trade system not perfect, needs reform

Views - 3 Saturday, 15 September 2018 00:00

BEIJING (Reuters): The current world trade system is not perfect and China supports reforms to it, including to the World Trade Organisation, to make it fairer and more effective, Beijing’s top diplomat said. China is locked in a bitter trade war w

Wind, rain lashes north Philippines as huge typhoon approaches

Views - 2 Saturday, 15 September 2018 00:00

MANILA (Reuters): Philippine authorities evacuated more areas on Friday and warned an estimated 5.2 million people in the path of a powerful typhoon to stay indoors, as the country braced for heavy rain and damage to infrastructure and crops. Super T

India’s Iran oil purchases to fade ahead of US sanctions

Views - 2 Saturday, 15 September 2018 00:00

NEW DELHI (Reuters): Indian refiners will cut their monthly crude loadings from Iran for September and October by nearly half from earlier this year as New Delhi works to win waivers on the oil export sanctions Washington plans to reimpose on Tehran

Hopes for reduced US-China trade tensions lift Asian shares

Views - 5 Friday, 14 September 2018 00:00

TOKYO (Reuters): Asian shares advanced on Thursday on news the Trump administration has reached out to China for a new round of trade talks, which raised hopes for a deal easing the bitter tariff dispute between the world’s two biggest economies. D

UK businesses using Brexit as an excuse for poor performance: Raab

Views - 5 Friday, 14 September 2018 00:00

LONDON (Reuters): It is easy for British businesses to use Brexit as an excuse rather than taking responsibility for their poor performance, Brexit minister Dominic Raab told BBC Radio on Thursday.“All I am just gently saying is that it is rather e

IMF says Russia might have room for more rate cuts

Views - 5 Friday, 14 September 2018 00:00

MOSCOW (Reuters): The International Monetary Fund said on Thursday that Russia might benefit from further interest rate cuts if inflation stayed subdued. The Russian central bank is set to review interest rates on Friday and is widely expected to add

Asia stocks fall to 14-month lows as trade concerns simmer

Views - 7 Thursday, 13 September 2018 00:00

TOKYO (Reuters): Asian stocks slipped to 14-month lows on Wednesday with investor confidence chilled by the latest round of verbal threats in an intensifying US-China trade conflict. Spreadbetters expected European stocks to open flat to higher in li

Russia’s Putin tells Japan’s Abe: ‘Let’s sign peace deal this year’

Views - 5 Thursday, 13 September 2018 00:00

VLADIVOSTOK, Russia (Reuters): Russian President Vladimir Putin, sitting on a stage alongside Japanese Prime Minister Shinzo Abe, proposed on Wednesday that the two men sign a peace treaty by the end of this year. The two countries are in dispute ove

Today's Columnists

Accessibility at buildings and places – Indispensable need to enjoy civil rights

Wednesday, 26 September 2018

Have you not yet realised that the chances are now very high that at any stage or any moment in life, for a short time or for a long time, for different reasons, you or your loved ones could experience physical and/or sensory impediments, and fall in

Over-tourism: The new buzz word in tourism

Wednesday, 26 September 2018

Periodically the tourism industry is in the habit of coming up with some interesting name to describe a new emerging trend or situation in the industry. Sometimes the phenomena is not new, but has become relevant and topical enough to ‘package’ a

Depreciation of the rupee and Sri Lanka’s dilemma

Wednesday, 26 September 2018

The rupee depreciated by Rs. 29 from 2005 to 2014 and the average year-on-year depreciation of the Sri Lankan rupee was 2.8% per year. Official foreign reserves increased from $ 2.7 billion to $ 8.2 billion over the same period. In stark contrast, th

Laurels of ‘Living Together’: Refreshing reflections

Tuesday, 25 September 2018

It was a memorable evening with a mega gathering for a meaningfully different reason. It was not just another book launch with ego-boosting speeches about the author. It was also not an event where a popular politician coming late and preaching about

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