Dollar struggles near 2-mth lows, yen sags on receding risk aversion

By Shinichi Saoshiro TOKYO, Sept 21 : The dollar struggled near two-month lows, while the yen also sagged on Friday on reduced safe haven demand amid a switch in investors’ view that the Sino-U.S. trade conflict would be less damaging to global growth than initially feared. The dollar index against a basket of six major […]

Facebook to drop on-site support for political campaigns

By Paresh Dave SAN FRANCISCO, Sep 21 : Facebook Inc said on Thursday that it would no longer dispatch employees to the offices of political campaigns to offer support ahead of elections, as it did with U.S. President Donald Trump in the 2016 race. The company and other major online ad sellers including Alphabet Inc’s […]

China tightens embrace of Hong Kong with bullet train, other mega projects

By James Pomfret HONG KONG, Sep 21 : Hong Kong’s first bullet train glides out of a sleek harbourfront railway station bound for mainland China on Saturday, launching a new era of integration and raising fears for some for the territory’s cherished freedoms. Unlike other cross-border connections, the $11 billion train project has stoked considerable […]

Britain’s anti-EU party launch populist manifesto, demand clean Brexit

By William James BIRMINGHAM, England, Sep 21 : Britain’s anti-European Union UK Independence Party (UKIP) launched a set of populist policies on Friday hoping to revive their dwindling political influence and capitalise on outrage over the government’s handling of Brexit. Prime Minister Theresa May is struggling to sell her plan for a Brexit that would […]

US dollar weakens on improving risk appetite

New York, Sep 21 : The US dollar slipped on improving risk appetite and expectation of possible early end of monetary tightening by US Federal Reserve. In late New York trading on Thursday, the euro increased to $1.1775 from $1.1674 in the previous session, and the British pound was up to $1.3267 from $1.3145 in […]

China diesel demand picks up at fastest pace in at least five years

By Jessica Jaganathan and Meng Meng SINGAPORE/BEIJING, Sept 20 : – China’s diesel demand will grow at its fastest in at least five years as a pick-up in diesel-intensive sectors in the world’s second-biggest economy coincides with lower output from domestic refineries, several sources and analysts said. Estimates of the hike in diesel use from […]