Al Futtaim buys HK, Macau units of Marks & Spencer

Views - 7 Monday, 8 January 2018 12:24

DUBAI: Al Futtaim, a leading regional business house headquartered in Dubai, UAE, said it has reached an agreement with the British retailer Marks & Spencer to acquire its franchises in Hong Kong and Macau.

Japan’s Abe urges central bank’s Kuroda to keep up efforts on economy

Views - 3 Monday, 8 January 2018 12:23

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe on Sunday called on central bank governor Haruhiko Kuroda to keep up efforts to reflate the economy, but added he was undecided on whether to reappoint Kuroda for another five-year term.

Pakistani minister decries US as ‘friend who always betrays’

Views - 5 Monday, 8 January 2018 08:00

ISLAMABAD/LAHORE (Reuters) - Foreign Minister Khawaja Asif said the United States was behaving towards Pakistan as “a friend who always betrays” after Washington suspended aid and President Donald Trump accused Islamabad of lies and deceit over m

Twitter says world leaders like Trump have special status

Views - 5 Monday, 8 January 2018 08:00

SAN FRANCISCO (Reuters) - Twitter Inc on Friday reiterated its stance that accounts belonging to world leaders have special status on the social media network, pushing back against users who have called on the company to banish U.S. President Donald

Brutal cold snap stuns East Coast after blizzard

Views - 4 Monday, 8 January 2018 08:00

BOSTON/NEW YORK (Reuters) - A shroud of bone-chilling arctic air covered the U.S. East Coast and Midwest on Saturday, creating dangerous conditions as tens of millions of people struggled to clean up from a blizzard that dumped deep, drifting snow in

Author of Trump book contradicts president, says aides see him as a ‘child’

Views - 4 Monday, 8 January 2018 00:00

WASHINGTON (Reuters) - The author of a deeply critical book about Donald Trump’s first year in office said on Friday he had spoken with the president while working on it, contradicting Trump’s assertion that he had never talked to the writer for

Malaysia’s opposition alliance names 92-year old Mahathir as PM candidate

Views - 5 Monday, 8 January 2018 00:00

KUALA LUMPUR (Reuters) - Malaysia’s opposition coalition on Sunday named 92-year old former premier Mahathir Mohamad as its prime ministerial candidate for a general election that must be called by August.

Arab League to lobby UN to recognise Palestinian state

Views - 2 Monday, 8 January 2018 00:00

AMMAN (Reuters) - Arab states will soon embark on a diplomatic drive to persuade the United Nations to recognise a Palestinian state with East Jerusalem as its capital on territory captured by Israel in the 1967 war, Jordan’s Foreign Minister Ayman

Williams paints benign picture of Fed rate hikes, strong US economy

Views - 4 Monday, 8 January 2018 00:00

PHILADELPHIA (Reuters) - The Federal Reserve should raise interest rates three times this year given the already strong economy will get a boost from tax cuts, and can tighten more or less aggressively if needed, a key U.S. rate-setter said on Saturd

India lowers economic growth forecast ahead of budget

Views - 4 Monday, 8 January 2018 00:00

NEW DELHI (Reuters) - India lowered its forecast for the current year’s economic growth on Friday before a federal budget is released next month, as businesses were hit by the chaotic launch of new nationwide tax last July.

China revises 2016 GDP slightly lower, keeps 6.7% growth unchanged

Views - 3 Monday, 8 January 2018 00:00

BEIJING (Reuters): China slightly trimmed its final 2016 gross domestic product figure after scaling back an initial estimate of the services sector, but kept the annual GDP growth rate unchanged at 6.7%, the statistics bureau said on Friday.

North and South Korea to talk Jan. 9, Japan warns remain vigilant

Views - 5 Saturday, 6 January 2018 00:16

SEOUL (Reuters): North and South Korea will hold official talks next week for the first time in more than two years after Pyongyang accepted Seoul’s offer for dialogue, just hours after the United States and South Korea delayed a joint military exe

Asian shares near record high, dollar weak ahead of job, wage data

Views - 4 Saturday, 6 January 2018 00:00

TOKYO (Reuters) - Asian shares inched closer to a record high on Friday as U.S. jobs data pointed to firm economic growth although the greenback was soft as the specter of benign inflation capped domestic bond yields.

Russia says US ‘looking for reasons’ to pressure Iran

Views - 5 Saturday, 6 January 2018 00:00

AFP: Russia’s Deputy Foreign Minister Sergei Ryabkov on Friday said Washington is “looking for reasons” to pressure Iran on its nuclear programme. Ryabkov was responding to US Vice President Mike Pence who this week said Washington will “not

New Zealand storm sparks evacuations and cuts power

Views - 4 Saturday, 6 January 2018 00:00

WELLINGTON (Reuters): Gale-force winds battered New Zealand’s North Island on Friday, tearing off roofs, bringing down trees, cutting power and forcing residents to flee flooded seaside towns.

National Guard responds to blizzard pounding US Northeast

Views - 7 Saturday, 6 January 2018 00:00

BOSTON/NEW YORK (Reuters): A powerful blizzard battered the US Northeast on Thursday, knocking out power for tens of thousands of people and snarling travel amid a cold snap that has gripped much of the United States for over a week and killed more t

Peru’s Fujimori leaves clinic as free man, reigniting anger over pardon

Views - 3 Saturday, 6 January 2018 00:00

LIMA (Reuters): Peru’s former authoritarian leader Alberto Fujimori left hospital as a free man on Thursday, waving to supporters from a wheelchair and reigniting anger over a pardon he secured from President Pedro Pablo Kuczynski on Christmas Eve.

Japan December final manufacturing PMI highest since Feb 2014

Views - 5 Friday, 5 January 2018 09:36

TOKYO (Reuters): Japanese manufacturing activity expanded at the fastest pace in almost four years in December as new orders accelerated, a revised survey showed on Thursday, in a sign that steady economic growth will continue into the new year.

Tony Blair warns British voters: time is running out to stop Brexit folly

Views - 5 Friday, 5 January 2018 08:00

LONDON (Reuters): Former British Prime Minister Tony Blair on Thursday warned voters that time was running out to reverse Brexit, a folly he said would torpedo Britain’s remaining clout and be regretted for generations to come.

Euro zone economy’s growth best in nearly seven years, PMIs suggest

Views - 3 Friday, 5 January 2018 00:00

Reuters: The euro zone economy closed out the year with the strongest growth in nearly seven years, driven by accelerating

Oil at highest since mid-2015 amid Iran tensions, tighter market

Views - 5 Friday, 5 January 2018 00:00

SINGAPORE (Reuters): Oil prices on Thursday hit their highest in over 2-1/2 years, marking levels not seen since before

China to stick with “around 6.5%” growth goal in 2018

Views - 5 Friday, 5 January 2018 00:00

BEIJING (Reuters): China will keep its target for economic growth at “around 6.5%” in 2018, unchanged from last year

Vietnamese tycoon arrested after being deported from Singapore

Views - 4 Friday, 5 January 2018 00:00

Singapore/Hanoi (Reuters): A fugitive Vietnamese tycoon who is accused of spilling state secrets was arrested in Hanoi on Thursday after being deported from Singapore.

Americans should worry about Kim’s mental fitness, not Trump’s: White House

Views - 7 Friday, 5 January 2018 00:00

WASHINGTON/SEOUL (Reuters): The White House on Wednesday defended Donald Trump’s tweet about the size of his nuclear button

Bannon calls Trump Jr. meeting with Russians ‘treasonous’: Book

Views - 4 Friday, 5 January 2018 00:00

WASHINGTON (Reuters): US President Donald Trump blasted former White House chief strategist Steve Bannon on Wednesday as having

Myanmar president calls for reform of nation’s military-drafted constitution

Views - 7 Friday, 5 January 2018 00:00

YANGON (Reuters): Myanmar’s civilian president called in an Independence Day speech on Thursday for reform of a military-drafted

Haley says US withholding $255 m aid from Pakistan

Views - 4 Thursday, 4 January 2018 00:57

UNITED NATIONS (Reuters): The United States is withholding $255 million in aid from Pakistan because of its failure to cooperate fully in America’s fight against terrorism, US Ambassador to the United Nations Nikki Haley said on Tuesday.

Trump denounces ‘brutal and corrupt’ Iranian regime

Views - 5 Thursday, 4 January 2018 00:04

AFP: President Donald Trump praised Iranian protesters on Tuesday for acting against Tehran’s “brutal and corrupt” regime after days of bloody unrest, while also lashing out at his predecessor Barack Obama.

Striking Indian low-caste workers bring chaos to Mumbai

Views - 6 Thursday, 4 January 2018 00:03

Mumbai (Reuters): Many businesses in the Indian financial hub of Mumbai closed on Wednesday as protesters from a low-caste community blocked traffic and shopping malls and staged sit-ins on railway lines after clashes with right-wing Hindus.

Pakistan allows use of Chinese yuan for trade, investment

Views - 5 Thursday, 4 January 2018 00:02

AFP: Pakistan will allow the Chinese yuan to be used for imports, exports and financing transactions for bilateral trade and investment activities, in a move economists said Wednesday would simplify a massive Chinese investment project.

Today's Columnists

Problem is not us women and booze: It’s paternalism and capriciousness in policymaking

Friday, 19 January 2018

The other day the President of Sri Lanka went public expressing his intention to revoke a ministerial order revoking the notion that a woman of any age has no more maturity than a youth less than eighteen years old.

MS-RW Unity Govt. must stay united for the sake of the country

Friday, 19 January 2018

A few days after the Unity Government celebrated its third anniversary, President Maithripala Sirisena asked the Supreme Court: “Whether

The joy of books! Cuddling up with a wish to explore

Thursday, 18 January 2018

I walked into a small communication shop to discover that you can buy almost anything from rubber seeds and tree leaves to bird feathers to support a student attending a school. I noted that all leaves are properly and accurately (hopefully!) identif

Wake up, drifting mega infrastructure development professionals!

Thursday, 18 January 2018

Infrastructure investment is a key driver of a stronger and productive economy. Stakeholders, especially the public and the international funding agencies, demand greater transparency and scrutiny on infrastructure decision as the Government spend th

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