BANGKOK, Oct 16 (Reuters) – Japan no longer faces the deflationary environment that existed for more than a decade, and the level of its currency and monetary policy must change accordingly, US Treasury Undersecretary Erin Browne said on Friday. Browne, in Bangkok for the annual…
(Corrects to fix formatting) Oct 16 (Reuters) – Some of China’s richest people are winding down their offshore trusts, selling shares, and even switching nationality as a deadline looms to declare income booked overseas, say wealth advisers, lawyers and others familiar with the matter. The…
BANGKOK, Oct 16 (Reuters) – Federal Reserve Chairman Kevin Warsh on Friday said he does not “prejudge” interest-rate decisions, giving no preview of whether the central bank will hike or, as markets expect, hold short-term rates steady at its upcoming October 27-28 meeting. In September, the…
SEOUL, Oct 16 (Reuters) – South Korea is reviewing an expansion of its military operations in the Middle East, the Kyunghyang Shinmun newspaper reported on Thursday, as the US ally faces pressure from President Donald Trump to provide support for the war in Iran. Seoul…
Oct 16 (Reuters) – A magnitude 7 earthquake struck the Kamchatka Peninsula region of Russia on Friday, the European-Mediterranean Seismological Centre (EMSC) said. The quake was at a depth of 140 km (86.99 miles), EMSC added. (Reporting by Sumedha Mukherjee in Bengaluru; Editing by Christian…
By Jeslyn Lerh SINGAPORE, Oct 16 (Reuters) – The US-Israeli war on Iran has altered bunker buying patterns for shippers globally as they turned to more spot and shorter-term purchases to cope with volatile prices while exploring more alternative locations for supply security, industry executives…
MANILA, Oct 16 (Reuters) – The Philippines has chided China’s ambassador for what it interpreted as a “thinly veiled threat” of force, after Beijing’s envoy said his country would prevail in a confrontation between them. • The Philippine foreign ministry said ambassador Jing Quan’s remarks…
By Tora Agarwala, Saurabh Sharma and Sunil Kataria NEW DELHI, Oct 16 (Reuters) – Despite tens of thousands of security personnel deployed to stop them, youth protesters in India scaled barricades last week, chanted anti-government slogans and scuffled with police officers trying to drag them…
By Christine Chen SYDNEY, Oct 16 (Reuters) – US conglomerate 3M plans to argue a landmark case brought by Australia over contamination from the company’s use of PFAS “forever chemicals” in its firefighting foam is legally flawed, a court heard on Friday. The claim against…
JAKARTA, Oct 16 (Reuters) – Indonesia’s President Prabowo Subianto has agreed to accept assistance from neighbouring countries to tackle its worst forest fires in more than a decade, the country’s foreign minister said. Indonesia has come under heavy criticism after months of fierce wildfires that…
