Category: World
No change in Australia’s policy against maritime people smuggling
Sep 28, 2015 (LBO) – Australian new government reaffirms that it committed to protect its borders and will continue to stop anyone who attempts to come illegally by boat. High Commissioner Robyn Mudie said that cooperation between Australia and Sri Lanka to counter people smuggling has never been stronger.He added that anyone who attempts to […]
‘s move away from pacifism closely watched by region
Sept 28, 2015 (LBO) – Japan’s move away from pacifism under Prime Minister Shinzo Abe will have regional repercussions, as the country looks towards an expanded military role, analysts say.Thousands of people protested in Tokyo as controversial bills that relaxed a ban on arms exports, aimed to develop weapons and increase the defense budget passed […]
700 pilgrims killed in worst Haj tragedy in 25 years
Sept 25, 2015 (LBO) – More than 700 pilgrims have died in a crush outside the Muslim holy city of Mecca, with a further 800 people injured, media reports said. This is the worst disaster in 25 years to occur during the holy pilgrimage. The Saudi King Salman has said he has ordered a review […]
Developing Asia’s Growth Outlook Pressured by China, India Moderation – ADB
Sep 22, 2015 (LBO) – Developing Asia’s growth projection for 2015 is to be pressurized due to softer growth prospects of China and India and a slow recovery in the major industrial economies, Asian Development Bank says in a report. In an update of its flagship annual economic publication, Asian Development Outlook 2015 (ADO 2015), ADB now […]
Asia’s Bonds Pressured by Interest Rate, Currency Concerns – ADB Report
Sep 16, 2015 (LBO) – Bond markets in emerging Asia came under pressure in the past quarter amidst concerns over softer growth, depreciating currencies, and US interest rates, ADB says. “Asian bond markets were buffeted by strong headwinds, including anticipation of the US Federal Reserve rate hike, which has led to an outflows of funds […]
Iran nuclear deal passes one test, months away from going into effect
Sept 11, 2015 (LBO) – The Iran nuclear agreement passed one test in the U.S. Senate on Thursday, but it is still months away from going into effect, media reports said.Republicans have insisted they will keep blocking it.A Republican disapproval resolution was kept from proceeding in a procedural vote by a count of 58 to […]
G-20 nations promise to avoid competitive devaluations
Sept 06, 2010 (LBO) – Finance ministers and central bankers from the Group of 20 nations have promised to avoid competitive devaluations after a two-day meeting in Turkey.“We will refrain from competitive devaluations, and resist all forms of protectionism,” G20 finance minsters and central bank governors said.During the meeting an official of the People’s Bank […]
Asian stocks up as China takes long week-end break
Sep 03, 2015 (LBO) – Asian markets opened higher on Thursday, following a Wall Street rally on Wednesday and stronger commodity prices, foreign media reports said. Japan’s benchmark Nikkei index was up 1.8 percent to 18,412.2 in early trade. While, In South Korea, the benchmark Kospi index was higher by 0.8 percent at 1,929.6 after […]
Asian markets volatile; China extends losses, ASPI drops 1 pct
Aug 25, 2015 (LBO) – Asian share markets temporarily bounced back before heading into the red with Chinese stocks diving, a day after their worst plunge since 2007. China’s benchmark Shanghai Composite was down 7.9 percent on Tuesday, after falling 8.5 percent on Monday. The sell-off was driven by fears that China’s slowing growth might […]
Asian stocks volatile, China market drops 8.4 pct
Aug 24, 2015 (LBO) – Shares in the Asian markets continued to fall as a result of the volatility in the Chinese stocks, foreign media reports said. Chinese shares continued their sharp fall on Monday as the mainland benchmark index, the Shanghai Composite, fell sharply by 8.4 percent to 3,211.75 points. Beijing announced over the […]
‘s Mark Zuckerberg tops list
Aug 21, 2015 (LBO) – Technology entrepreneurs dominate the list of the world’s 20 wealthiest individuals under the age of 35, as ranked by Wealth-X.Wealth-X is a global authority on wealth intelligence, providing strategy and compliance solutions to clients in the financial services. Check the full list:
Greece Prime Minister quits and calls general elections
Aug 21, 2015 (LBO) – Greek Prime Minister Alexis Tsipras has resigned last night putting the country in danger of political instability.General elections are expected to be held on 20 September 2015, as per media reports.“The public mandate we got on January 25 exhausted its limits and now the sovereign people must yet again have […]