SINGAPORE : The dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June, while the yen loitered near 152 per dollar keeping traders on edge on the threat of intervention. The personal consumption expenditures (PCE) price […]
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TOKYO: Factory activity in many Asia economies weakened in March despite a rebound in China as lacklustre domestic demand dragged on growth, surveys showed on Monday (Apr 1), clouding the outlook for a once fast-expanding, key driver of the global economy. Export powerhouses Japan and South Korea saw manufacturing activities […]
KRASNOGORSK, Russia: First there were rounds of machine gun fire, then piercing screams of panic while a Moscow suburban concert hall went up in flames. An attack by gunmen at the Crocus City Hall on Friday (Mar 22) left at least 60 dead and injured 145 more. Here’s what we […]
MELBOURNE: Ferrari’s Charles Leclerc topped the timesheets in the final free practice at the Formula One Australian Grand Prix on Saturday in a minor boost before qualifying at Albert Park. Leclerc, who was also quickest in the second practice session on Friday, clocked one minute 16:714 seconds with his final […]
NEW YORK: Robert Bosch GmbH, Lennox International and Samsung Electronics are among the industrial firms competing to acquire heating and ventilation assets worth over $6 billion from Johnson Controls International, people familiar with the matter said on Friday. Milwaukee-based Johnson Controls has been working with its advisers to sell its […]
WASHINGTON: President Joe Biden’s administration on Friday urged the U.S. Supreme Court to turn away billionaire businessman Elon Musk’s dispute with the Securities and Exchange Commission. Musk in December asked the justices to take up his appeal after a lower court upheld his consent decree with the SEC that arose […]
ZAGREB: Croatia’s constitutional court said yesterday it would consider President Zoran Milanovi’s candidacy for prime minister in the country’s upcoming elections, after he attracted criticism for not resigning beforehand. Milanovic, who already served as prime minister from 2011 to 2016, announced on Friday he would run as the Social Democratic […]
WASHINGTON: US President Joe Biden took jabs yesterday at former President Donald Trump with jokes about the mental fitness of his election opponent during a speech at the Gridiron Club dinner, a Washington tradition that began in the 1880s. Biden’s appearance at the dinner, in which politicians and journalists trade […]
The Boeing plane dropped abruptly mid-flight, injuring more than 50 passengers who were travelling from Sydney to Auckland. SYDNEY: New Zealand’s Transport Accident Investigation Commission (TAIC) said on Tuesday (Mar 12) it was seizing the cockpit voice recorder and flight data recorder of a LATAM Airlines Boeing 787 after an […]
KUALA LUMPUR : Malaysia’s industrial production grew faster than expected in January, rising 4.3 percent from a year earlier, government data showed on Tuesday. The rate of expansion was the quickest since May last year, when factory output rose 4.7 percent. January’s output had been forecast to expand 2 per […]