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Japan firms could stash cash in safes if rates go negative

TOKYO / Reuters Some Japanese firms, facing the possibility of negative interest rates on their deposits, would consider stuffing their cash in a safe rather than pay to keep it in the bank, a Reuters poll found, in what would be an unintended and unwelcome side-effect to the country’s new monetary policy. While the bulk of companies in the Reuters ...

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Nepal agrees fuel deal with China to curb reliance on India

Kathmandu / AFP Nepal has secured a deal for China to supply it with fuel, as the energy-starved Himalayan nation seeks to deepen ties with Beijing and reduce its reliance on India. The agreement was signed during a visit by Nepali Prime Minister K.P. Sharma Oli to Beijing, following months of frosty relations with New Delhi, traditionally the sole supplier ...

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Brunei vows to protect local jobs in oil and gas sector

Bandar Seri Begawan / DPA The Bruneian government will continue to ensure job security of locals in the oil and gas sector amid the gloomy global economic situation, said Minister of Energy and Industry at the Prime Minister’s Office Col. (Rtd) Mohammad Yasmin Umar. In his closing remarks at the 12th Legislative Council (LegCo) session yesterday (March 23), Mohammad Yasmin ...

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