Oman expects oil prices to stay between $70-$80 per barrel

Views - 3 Tuesday, 4 September 2018 00:11

DUBAI (Reuters): Oman’s Oil Minister Mohammed bin Hamad al-Rumhi said on Monday he expects oil prices to remain between $70 to $80 a barrel this year, Omani news website WAF reported on Twitter. Saudi Arabia, Kuwait and the United Arab Emirates are

Wary Australian consumers dampen July retail sales, point to cautious Q3

Views - 2 Tuesday, 4 September 2018 00:11

SYDNEY (Reuters): Australian retail sales fizzled out in July while nationwide home prices fell again in August and a measure of job advertisement eased, suggesting a further dent in consumer confidence and spending. Monday’s figures from the Austr

10 shot at apartment complex in San Bernadino, California

Views - 2 Tuesday, 4 September 2018 00:00

Reuters: 10 people including children were shot at an apartment complex in San Bernadino, California Sunday night, police said, with three people in dire condition. “We got a call about 10:45 p.m. for shots fired,” said San Bernadino spokesman Ca

Malaysia, Singapore agree to postpone rail project for two years

Views - 9 Tuesday, 4 September 2018 00:00

Kuala Lumpur (Reuters): Malaysia has agreed with Singapore to postpone the development of a high-speed rail service by two years, Malaysian media reported, as Southeast Asia’s third-largest economy looks to review mega projects to cut its massive d

Israel signals it could target Iranian military assets in Iraq

Views - 3 Tuesday, 4 September 2018 00:00

JERUSALEM (Reuters): Israel’s defence minister signalled on Monday it could attack suspected Iranian military assets in Iraq, as it has done by carrying out scores of air strikes in civil war-torn Syria. “We are certainly monitoring everything th

Iran Foreign Minister arrives in Damascus for talks with Syrian officials

Views - 1 Tuesday, 4 September 2018 00:00

Reuters: Iranian Foreign Minister Mohammad Javad Zarif travelled to Damascus on Monday for talks with Syrian officials, the Tasnim news agency reported. Iranian forces have backed Syrian President Bashar al-Assad in the country’s civil war. Last we

Reuters Myanmar reporters jailed for seven years in landmark secrets case

Views - 1 Tuesday, 4 September 2018 00:00

YANGON (Reuters): A Myanmar judge on Monday found two Reuters journalists guilty of breaching a law on state secrets and jailed them for seven years, in a landmark case seen as a test of progress towards democracy in the Southeast Asian country. Yang

China’s Xi offers another $60 b to Africa, but says no to ‘vanity’ projects

Views - 3 Tuesday, 4 September 2018 00:00

Beijing (Reuters): Chinese President Xi Jinping offered another $60 billion in financing for Africa on Monday and wrote off some debt for poorer African nations, while warning against funds going towards “vanity projects”. Speaking at the opening

Obama, Meghan McCain rebuke absent Trump in tribute to fallen senator

Views - 8 Monday, 3 September 2018 00:00

WASHINGTON (Reuters): Former US presidents Barack Obama and George W. Bush, once fierce rivals of the late Senator John McCain, praised him in eulogies on Saturday and joined his daughter at a memorial service in subtle and not-so-subtle rebukes of P

China-Maldives Friendship Bridge leads to brighter future of Maldives

Views - 15 Monday, 3 September 2018 00:00

MALE (Xinhua): With a long queue of brand-new buses rolling onto the brightly lit China-Maldives Friendship Bridge, the Maldives’ long-term dream to have a cross-sea bridge eventually came true. Amid the presence of thousands of Maldivians, the bri

Pentagon cancels aid to Pakistan over record on militants

Views - 3 Monday, 3 September 2018 00:00

WASHINGTON (Reuters): The US military said it has made a final decision to cancel $300 million in aid to Pakistan that had been suspended over Islamabad’s perceived failure to take decisive action against militants, in a new blow to deteriorating t

Coca-Cola takes big step into coffee with $ 5.1 billion Costa deal

Views - 7 Monday, 3 September 2018 00:00

REUTERS: Coca-Cola Co. has agreed to buy the world’s second largest coffee chain Costa from Britain’s Whitbread PLC for $ 5.1 billion including debt, opening a new front in its push into healthier markets.

Global Economy: Summer is over for investors as global worries build

Views - 2 Monday, 3 September 2018 00:00

LONDON (Reuters): Investors returning from their summer holidays in the coming days are likely to feel a distinct chill in the air as they assess the world economy.

WTO chief says ‘no panic’ over Trump withdrawal threat

Views - 5 Monday, 3 September 2018 00:00

Geneva (Reuters): World Trade Organisation head Roberto Azevedo said on 31 August that US President Donald Trump’s comments about potentially leaving the WTO were consistent with what the United States has said previously and did not reflect new co

India’s GDP growth surges over 8%, boost for Modi before election

Views - 3 Monday, 3 September 2018 00:00

NEW DELHI (Reuters): India’s annual economic growth surged to a more than two-year high of 8.2% in the three months through June, giving Prime Minister Narendra Modi’s government a political boost in the final year of his term before elections.

Germany to boost funds for Palestinians after US cut

Views - 4 Saturday, 1 September 2018 00:00

BERLIN (Reuters): The German government has pledged to significantly increase its funding for the U.N. agency that supports Palestinian refugees after the United States cut its aid. German Foreign Minister Heiko Maas said the funding crisis for the U

World shares fall for second day as Trump makes fresh trade threats

Views - 8 Saturday, 1 September 2018 00:00

LONDON (Reuters): Global stocks fell for a second day on Friday as a report that U.S. President Donald Trump was preparing to step up a trade war with Beijing dampened risk appetite and erased some of the gains made in a rally this week. Bloomberg N

New Pakistani Minister bans ‘vulgar’ movie billboards, critics fear rise of Islamists

Views - 3 Saturday, 1 September 2018 00:00

ISLAMABAD (Reuters): Punjab’s new Information Minister, Islamist politician Fayaz-ul-Hasan Chohan, has announced a ban on “vulgar” movie billboards in the Pakistani province, angering those who fear the growing influence of hardliners under new

French call for more Iran negotiations ‘bullying and excessive’: Iran

Views - 3 Saturday, 1 September 2018 00:00

(Reuters): Iran’s foreign ministry on Friday dismissed a French call for more negotiations with Tehran over the international nuclear accord as “bullying and excessive”. There was no need for the 2015 agreement between Iran and six world powers

Congress raps Modi over ‘failed’ demonetisation

Views - 2 Saturday, 1 September 2018 00:00

NEW DELHI (Reuters): India’s main opposition Congress party on Thursday lashed out at Prime Minister Narendra Modi after Reserve Bank of India (RBI) data showed that his shock 2016 move to ban high-value notes failed to meet his key objective of fl

Asia stocks retreat; weakness in China outweighs NAFTA trade optimism

Views - 6 Friday, 31 August 2018 00:10

TOKYO (Reuters): Asian stocks handed back earlier gains and fell on Thursday, with Chinese markets fixed firmly on risks from the China-U.S. trade war and taking little comfort from an apparent easing in business tensions in North America and Europe.

Aung San Suu Kyi won’t be stripped of Nobel Peace Prize - committee

Views - 3 Friday, 31 August 2018 00:10

STAVANGER, Norway (Reuters): The Nobel Peace Prize to Aung San Suu Kyi will not be withdrawn in the light of a United Nations report that said Myanmar’s military carried out mass killings of Muslim Rohingya, the Norwegian Nobel Committee said on We

Archbishop who called on Pope to resign says corruption reaches the top

Views - 6 Friday, 31 August 2018 00:10

VATICAN CITY (Reuters): The archbishop who sparked a crisis in the Catholic Church by calling on Pope Francis to resign has denied he was motivated by personal vendetta and said he sought to show tha

Bangladesh protests stir opposition hopes of revival before poll

Views - 6 Friday, 31 August 2018 00:10

DHAKA (Reuters): Bangladesh’s main opposition party, in disarray since its leader Khaleda Zia was jailed in February, received an unexpected boost this month – days of protests by tens of thousands of students t

UN fears chemical weapons in Syria battle with ‘10,000 terrorists’

Views - 5 Friday, 31 August 2018 00:10

GENEVA (Reuters) : The United Nations called on Russia, Iran and Turkey on Thursday to forestall a battle in Syria’s Idlib province which would affect millions of civilians and could see both sides using chlorine as a chemical weapon.

Indonesia, Australia to announce economic partnership

Views - 3 Friday, 31 August 2018 00:00

JAKARTA (Reuters): The leaders of Indonesia and Australia hope to announce on Friday the completion of negotiations on an economic partnership pact aimed at boosting trade between the neighbours, foreign ministry o

US consumer confidence races to near 18-year high

Views - 3 Thursday, 30 August 2018 00:00

WASHINGTON (Reuters): US consumer confidence surged to near an 18-year high in August, as households remained upbeat on the labor market, pointing to strong consumer spending that should help to sustain the economy for the remainder of the year. The

Trump, without evidence, blames China for hacking Clinton emails

Views - 2 Thursday, 30 August 2018 00:00

Reuters: US President Donald Trump said on Twitter early on Wednesday China hacked the emails of 2016 Democratic presidential candidate Hillary Clinton but did not offer any evidence or further information. “Hillary Clinton’s Emails, many of whic

Euro zone lending growth holds steady at post-crisis high

Views - 2 Thursday, 30 August 2018 00:00

FRANKFURT (Reuters): Lending growth to euro zone companies and households held steady at a post-crisis high last month while an indicator of money circulating in the euro area, which often foreshadows future activity, slowed unexpectedly, the Europea

Citing free speech, Trump seeks dismissal of Stormy Daniels defamation case

Views - 3 Thursday, 30 August 2018 00:00

NEW YORK (Reuters): Lawyers for US President Donald Trump have asked a federal judge to dismiss a defamation lawsuit by adult film actress Stormy Daniels, calling it an attempt to suppress the president’s free speech. In a motion filed on Monday in

Today's Columnists

In the desert of Tamil films, actor Sivaji Ganesan was an oasis

Saturday, 22 September 2018

‘Indian Film,’ first published in 1963 and co-authored by former Columbia University Professor Erik Barnouw and his student Dr. Subrahmanyam Krishnaswamy, is considered a seminal study of the evolution and growth of Indian cinema. The book is cit

Imran may turn blind eye to blasphemy law and persecution of Ahmadiyyas

Saturday, 22 September 2018

There are clear signs that Pakistan’s freshly minted Prime Minister, Imran Khan, will make a sincere effort to reduce corruption and maladministration in the domestic sphere. In foreign affairs he is likely to make a brave attempt to mend fences wi

The rate of exchange, capital flight and the Central Bank

Friday, 21 September 2018

The Central Bank (CBSL) exists for the sole purpose of price stability. Its controls on the financial system and monetary policy exist to maintain price stability. As put forth many times by the Governor, the failing of the CBSL to control inflation

Red flag over the Sri Lankan Navy

Friday, 21 September 2018

Shocking story Rusiripala, a former banker in Sri Lanka, who has taken to writing in Daily FT, is perturbed by the red flag I have raised (Daily FT article 18 September) over the shocking charge that our Navy had operated a ransom gang that had abduc

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