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asia

Myanmar security forces surround striking rail workers; U.N. fails to condemn coup
World

Myanmar security forces surround striking rail workers; U.N. fails to condemn coup

  • Myanmar security forces surrounded the staff compound of striking railway workers opposed to the military junta on Wednesday as ousted lawmakers appointed an acting vice president to take over the duties of detained politicians.
  • In New York, the U.N. Security Council failed to agree on a statement that would have condemned the coup in Myanmar, called for restraint by the military and threatened to consider “further measures.”
Published 10 Mar, 2021 01:05pm
Asia markets swing as rate hike fears offset reflation trade
Markets

Asia markets swing as rate hike fears offset reflation trade

  • European indexes enjoyed a much-needed blast upwards -- led by a record close in Frankfurt -- after EU leaders pledged to double vaccine deliveries to 300 million doses between April and June, having been too slow out of the blocks in its immunisation programme.
Published 09 Mar, 2021 11:34am
Recovery bets drive dollar to fresh lows
Markets

Recovery bets drive dollar to fresh lows

  • "There's a tide of higher rates across the board, and whether the US does an extra five basis points than Germany is neither here nor there," said Jason Wong, senior market strategist at BNZ in Wellington.
Published 22 Feb, 2021 12:25pm
Indian shares rise ahead of federal budget
Markets

Indian shares rise ahead of federal budget

  • The indexes recovered from a pandemic-induced plunge in March last year to finish 2020 around 15% firmer, their best performance since 2017, fuelled by strong foreign inflows amid massive liquidity in global markets and vaccine hopes.
Published 01 Feb, 2021 11:48am
Bird flu spreads to 10th Japanese prefecture
World

Bird flu spreads to 10th Japanese prefecture

  • All farms in Japan were earlier ordered to disinfect facilities and check hygiene regimes, and ensure that nets to keep out wild birds are installed properly, agriculture ministry officials told Reuters this week.
Published 14 Dec, 2020 11:20am