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Hugging for India’s security

When Indian Prime Minister Narendra Modi hugged US President Barack Obama in New Delhi, it marked what could be the distant opening bell of a great geopolitical game.


Regional fintechs positive on growth prospects

AS customers grow more receptive towards technological innovations, financial technology (fintech) firms in South-East Asia are correspondingly looking at expansion opportunities around as well as beyond the region.


US earnings season heats up

NEW YORK: The rockiest US stock market in two years will meet a major test in the coming weeks as first-quarter earnings pour in, with expectations that tax cuts will help Corporate America show its biggest quarterly profit growth in seven years. Any disappointments could further upset the fragile market.


Evans: Fed should keep raising rates if inflation nears 2%

NEW YORK: The Federal Reserve should continue gradually raising interest rates if data on consumer prices available by the central bank’s mid-June policy meeting indicate inflation will soon reach the 2% target, Chicago Fed President Charles Evans said.


China president in tricky balance to strike back

HONG KONG: President Donald Trump’s barrage of tariff threats have left China’s Xi Jinping with a tricky balance to strike. He’s got to show he’s ready to retaliate against US trade threats while demonstrating China’s commitment to opening up.


Wages too high in Europe’s Eastern workshop

WHEN the Baumruk brothers started making simple machinery parts in their garage after the communist regime collapsed in Czechoslova-kia, they could rely on one crucial ingredient: cheap labour. Their employees were willing to do manual work for a fraction of the salaries Germans were making across the border.


China forex reserves up on dollar weakness

BEIJING: China’s foreign exchange (forex) reserves rose slightly in March as broad US dollar weakness continued and escalating trade tensions between the world’s two largest economies bolstered expectations of a firmer Chinese currency.


Middle East emerges as possible energy winner in US-China spat

SINGAPORE: The Middle East is emerging as a potential beneficiary of the brewing trade war between the US and China as the Asian nation strikes back with retaliatory tariffs on American petrochemical products.


Ringgit opens higher against US dollar

KUALA LUMPUR: The ringgit opened higher against the US dollar today as the trade dispute between the US and China further pressured the greenback, dealers said.

Corporate News

Deripaska’s Rusal falls 35% as firm flags potential defaults

SHANGHAI: United Co. Rusal, the biggest aluminum producer outside China, flagged the prospect of debt defaults and “materially adverse” consequences for the company after the U.S. imposed sanctions on the firm and its billionaire owner Oleg Deripaska.