By Anushree Ashish Mukherjee (Reuters) – Gold prices fell to a three-week low on Monday, pressured by elevated Treasury yields as expectations for an imminent Federal Reserve interest rate cut faded, with investors looking ahead to this week’s U.S. inflation data for more clarity. Spot gold was down 0.9% at $2,028.03 per ounce by 2:25 …
Gold retreats to three-week low ahead of US inflation data Read More »
LONDON (Reuters) – Britain on Monday condemned what it called “acts of intimidation and violence” that took place during the general election in Bangladesh, raising concerns over the number of arrests of opposition party members. “Democratic elections depend on credible, open, and fair competition. Respect for human rights, rule of law and due process are …
UK condemns ‘intimidation and violence’ in Bangladesh election Read More »
By Sudipto Ganguly and Ruma Paul DHAKA (Reuters) – Stabilising a fractious political landscape and fixing an economy still reeling from the ripple effects of the Russia-Ukraine war should top Prime Minister Sheikh Hasina’s agenda for her next five-year term, analysts said on Monday. Hasina, 76, secured a fourth straight term as expected with her …
Bangladesh PM faces tougher, more uncertain new term, analysts say Read More »
MADRID (Reuters) – A Spanish arbitrator who awarded $15 billion to the descendants of a former sultan in a land dispute with Malaysia dating back to the 19th century has been convicted of contempt of court, it was announced on Monday, a significant victory in Malaysia’s efforts to annul the case. Gonzalo Stampa was accused …
ISLAMABAD (Reuters) -Pakistan’s Supreme Court on Monday scrapped lifetime bans on contesting elections for people with criminal convictions, paving the way for Nawaz Sharif to run for prime minister for a fourth time. Sharif’s party, Pakistan Muslim League-Nawaz (PML-N), is considered a front runner to win elections scheduled for Feb. 8, with Sharif’s main rival, …
Pakistan court ruling allows ex-PM Sharif to run for fourth time Read More »
SHANGHAI (Reuters) -Chinese regulators have closed a regulatory loophole that last year allowed heavily indebted local government financing vehicles (LGFVs) to further increase their borrowing, four sources familiar with the matter told Reuters. LGFVs, set up by Chinese local governments to fund infrastructure investment, have been told to stop issuing offshore bonds with a 364-day …
Exclusive-China closes local government offshore financing loophole -sources Read More »
By Chris Gallagher and Joseph Campbell NISHIARAYA, Japan (Reuters) – A week after a major earthquake struck the west coast of Japan, thousands of people are still without water and electricity and have yet to be told when plans to rebuild can begin. The magnitude 7.6 quake killed at least 168 people on New Year’s …
Japan quake survivors, without power or water, seek news on rebuild plans Read More »
By Ju-min Park and Minwoo Park YEONPYEONG ISLAND, South Korea (Reuters) – As Kim Jeoung-hee huddled in a bomb shelter on South Korea’s Yeonpyeong Island, scared and confused with around 250 other people, memories flooded back of the day in 2010 when North Korean troops shelled near their homes. Authorities told them to take shelter …
New tensions stir old fears on island near North Korean border Read More »
By Yelin Mo and Brenda Goh BEIJING (Reuters) – Apple’s iPhone sales in China dropped by 30% in the first week of 2024, Jefferies analysts said in a note, adding to signs of growing competitive pressures from domestic rivals such as Huawei for the U.S. tech giant. The decline in Apple’s sales was the primary …
Apple iPhone sales in China fall 30% in first week of 2024 – Jefferies Read More »
By Praveen Paramasivam CHENNAI (Reuters) – India’s Tamil Nadu state said on Monday it had signed pacts totalling 6.64 trillion Indian rupees ($80 billion) in investments, ranging from Microsoft and suppliers to Apple to auto giants such as Hyundai Motor. Global manufacturers are counting on India as a major growth driver as they look to …
India’s Tamil Nadu hails $80 billion pledges from firms including Microsoft, Hyundai Read More »
