Blog Layout

S Korean reporters could face legal steps in Denmark

  COPENHAGEN / AP A judge in Denmark said on Wednesday she is strongly considering taking legal steps against South Korean journalists for violating Danish law by filming inside a courtroom the daughter of the impeached South Korean president’s confidante during a detention hearing. Malene Urup says South Korean reporters filmed and spoke to Yoora Chung on Sunday, hours after ...

Read More »

Hard Brexit looms large with resignation of UK’s EU envoy

  Bloomberg The chances that the UK will make a disruptive break from its biggest market have grown with the resignation of the British envoy to the European Union, an experienced Brussels insider who was reviled by leading Brexit supporters. Ivan Rogers quit as Britain’s permanent representative to the 28-nation EU urging officials working for the UK in Brussels to ...

Read More »

Egypt reaches record high as Palm Hills surges

  Reuters Stock markets in the Middle East where foreign funds are most active outperformed for a second straight day on Wednesday, with Egypt’s index hitting a record high while Saudi Arabia was dragged lower by profit-taking. Egypt’s main index gained 1.5 percent to 12,608 points in the highest trading volume this week, surpassing the intra-day record high of 12,534 ...

Read More »

US stocks rise as auto makers and retailers trade higher

  NEW YORK / AP US stocks rose on Wednesday as December auto sales start to roll in. General Motors and Ford are trading higher. That’s helping consumer-focused companies. The market is building on its gains from the day before. KEEPING SCORE: The Dow Jones industrial average added 30 points, or 0.2 percent, to 19,911 as of 10 a.m. Eastern ...

Read More »

Indonesia allows JP Morgan to continue business operations

  Bloomberg Indonesia won’t stop JPMorgan Chase & Co. from conducting private-sector business in the country, a finance ministry official said, days after the government severed commercial ties with the US bank for cutting its assessment of the nation’s stocks. “For business here, JPM is still allowed to operate just like other banks,” Suahasil Nazara, head of the fiscal agency ...

Read More »

China money market pain eases as PBOC measures take root

  Bloomberg China’s benchmark money-market rate declined the most in two years after the central bank took measures to ease a liquidity crunch. The benchmark seven-day repurchase rate fell 37 basis points to 2.30 percent, according to weighted average prices from the National Interbank Funding Center. The average interbank repo rate surged to a 20-month high in December on a ...

Read More »

Ex-BSI banker to appeal conviction in 1MDB case

  Bloomberg Yeo Jiawei, a former BSI SA banker found guilty of attempting to tamper with witnesses in a Singapore probe linked to 1Malaysia Development Bhd., will appeal his conviction and sentence, according to his lawyer. Yeo, 34, was sentenced on Dec. 22 to a 30-month jail term, the longest yet handed down by the city’s courts in 1MDB-related cases. ...

Read More »

Fed tightening eases stimulus pressure globally: Rajan

  Bloomberg The Federal Reserve’s plan to further withdraw support for the US economy will ease pressure on other major central banks to keep up their own ‘aggressive’ monetary stimulus, former Reserve Bank of India Governor Raghuram Rajan said. “I think with the Federal Reserve seeing limited room for continued accommodation and starting to raise interest rates, I think you ...

Read More »

‘Valley of Longevity’

  Vilcabamba / DPA Death among the middle-aged is a rare surprise in the Ecuadorian town of Vilcabamba. “She was just 43. Brain tumour. Very few die that young here,” muses William Benítez as the coffin containing Rosa Torres is borne down the street to the cemetery. Benítez is there to vend ice cream to the sweating pallbearers. “Actually, 100 ...

Read More »

‘Office of the future’

  Kaiserslautern / DPA When Professor Sabine Hoffmann invites you to sit down, there’s a surprise in store: the individualized office chairs she’s helping to develop can ventilate you from below. At the push of a button, their little built-in fans can blow air on the back or bottom. Men in particular like this feature, she says, as it helps ...

Read More »
Send this to a friend