SEOUL: South Korea said on Friday it will open up its currency market to allow 24-hour trading starting in July, further removing restrictions on onshore trading in a bid to win an upgrade to developed-market status, the finance ministry said. After experiencing capital flight during the Asian Financial Crisis in […]
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The US president also suggested that Colombia and Mexico could face military action if they do not reduce the flow of illicit drugs to his country. United States President Donald Trump said on Sunday (Jan 4) that the US might launch a second military strike on Venezuela following the capture […]
NEW DELHI: The United States could raise tariffs on India if New Delhi doesn’t meet Washington’s demand to curb purchases of Russian oil, President Donald Trump told reporters aboard Air Force One. “Modi is a good guy. He knew I was not happy, and it was important to make me […]
Gold jewellery retailers are refreshing their designs and accepting more trade-ins as they try to win back customers. SINGAPORE: Gold retailers are refreshing their designs and accepting more trade-ins as they try to win back customers, after soaring prices made 2025 one of the weakest years for jewellery sales in […]
TOKYO, Dec 25 : Bank of Japan Governor Kazuo Ueda said on Thursday the nation’s underlying inflation is accelerating gradually and steadily approaching the central bank’s 2 per cent target, reiterating the central bank’s readiness to continue raising interest rates. He also preached the benefits of further rate rises, saying […]
Client data for JPMorgan Chase, Citi, Morgan Stanley and other major banks may have been accessed in a hack of a technology vendor, the New York Times reported on Saturday, citing people familiar with the matter. SitusAMC said in a statement on its website on Saturday that it had been […]
JAKARTA: Indonesia’s central bank expects economic growth of 5.33 per cent next year, and if fiscal spending can be accelerated then growth could reach the government’s target of 5.4 per cent, Governor Perry Warjiyo said on Wednesday. Annual headline inflation for 2026 was seen at 2.62 per cent, while the […]
TOKYO: Japanese trading house Mitsubishi Corp on Tuesday posted 356 billion yen ($2.4 billion) in net profit for the six months through September, down 42 per cent from the same period a year earlier. The company kept its net profit forecast for the fiscal year ending in March unchanged at […]
Asia may see its resilience to U.S. tariffs challenged if a rally in the dollar and a rebound in low interest rates lead to tighter financial conditions, a senior International Monetary Fund official told Reuters. If the U.S. Federal Reserve continues to cut interest rates, a subsequent dollar decline could […]
WASHINGTON: US President Donald Trump said Thursday (Oct 23) that he was immediately ending all trade talks with Canada, accusing it of misquoting former president Ronald Reagan in an advertising campaign against tariffs. “Based on their egregious behaviour , ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED,” Trump said on […]