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Indian rupee’s “fair value” vs US dollar seen at 72-73/$ – report
India sees rupee value of 72-73 against the U.S. dollar as “fair value,” a senior finance ministry source said on Tuesday, after the government announced a raft of measures last week to stabilise the falling local currency.
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Imran Khan government faces setback, Pakistan’s austerity car auction falls short
Lower-than-expected sales in an auction of Pakistani government vehicles have dealt another early setback to new Prime Minister Imran Khan’s populist vow to raise quick revenues through cost-cutting, a campaign that has drawn both praise and ridicule.
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US stock futures, Asian shares slip as Donald Trump puts new tariffs on China
In the currency market, the dollar index gained briefly against a basket of major currencies but was last unchanged at 94.465.
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How much has rupee fallen? IMF says real depreciation only 6-7%, not 11%; here’s how
Since the beginning of the year, rupee has fallen about 11% in nominal terms vis a vis the US dollar. However, currencies of many of India’s trading partners, including those in the emerging markers, too have depreciated against the dollar, said IMF spokesperson Gerry Rice.
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UPS to hire about 100,000 workers for holiday season
The company’s seasonal hiring is about 5.3 per cent more than last year, when it added about 95,000 temporary positions.
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Turkey’s Tayyip Erdogan defends gift of luxury plane from Emir of Qatar
President Tayyip Erdogan has defended his decision to accept a luxury plane from Qatar at a time of economic hardship, saying it was a gift, not a purchase, and that it had been donated to the Turkish state, not to him personally.
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Super typhoon Mangkhut smashes towards China after pummelling Philippines
A super typhoon swirled past Hong Kong on Sunday, barrelling towards the Chinese coast and gaining strength over the South China Sea after it wreaked havoc in the Philippines and killed at least 29 people.
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China tells Taiwan to halt all mainland spying, sabotage activities
China on Sunday accused Taiwan’s spy agencies of stepping up efforts to steal intelligence with the aim of “infiltration” and “sabotage”, and warned the island against further damaging already strained cross-strait ties.
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Iran accuses French police of slow reaction to attack on Paris embassy
Iran said on Saturday that Kurdish activists attacked its embassy in Paris and it accused French police of arriving late on the scene.
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Hurricane Florence: Flood waters rise, 8 killed in ‘epic’ rain on Carolinas
Tropical Storm Florence dumped “epic” amounts of rain on North and South Carolina as it trudged inland on Saturday, knocking out power and causing at least eight deaths as flood waters that have devastated many communities kept rising.
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Three killed as Philippines warns of hazards in powerful Mangkhut typhoon’s wake
A strong typhoon tore through the northern tip of the Philippines on Saturday packing winds of more than 200 kph (124 mph) along with torrential rain, killing three people and causing floods, landslides and power outages.
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Hurricane Florence brings ‘epic’ floods, Five dead in Carolinas
Florence barreled into the Carolina coast and moved inland on Friday, knocking down trees, overflowing rivers, dumping sheets of rain and leading to the death of five people before it was downgraded to a tropical storm still capable of wreaking havoc.
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Donald Trump readies tariffs on $200 billion more Chinese goods despite talks, claims source
U.S. President Donald Trump has directed aides to proceed with tariffs on about another $200 billion of Chinese goods, despite Treasury Secretary Steven Mnuchin’s attempts to restart trade talks with China, a source familiar with the matter said on Friday.
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Wind, rain lash north Philippines as Super Typhoon Mangkhut approaches; warnings issued for nearly 5.2 million people
Philippine authorities evacuated more areas on Friday and warned an estimated 5.2 million people in the path of a powerful typhoon to stay indoors, as the country braced for heavy rain and damage to infrastructure and crops.
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Asian shares rise on US-China trade talk plans, but Chinese stocks shaky
Shares across most of Asia rose on Friday on expectations that the United States and China could launch a fresh round of trade talks.
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China says world trade system not perfect, needs reform
The current world trade system is not perfect and China supports reforms to it, including to the World Trade Organisation, to make it fairer and more effective, Beijing’s top diplomat said.
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Boston gas explosions today: Nearly 8,000 people driven out of homes in suburbs
Some 8,000 people were driven from their homes in the Boston suburbs by a series of gas explosions, and it was unclear on Friday when they could go back.
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Hurricane Florence deluges Carolinas ahead of Friday landfall, 10 million people in potential disaster zone
Heavy rain, gusting winds and rising floodwaters from Hurricane Florence deluged the Carolinas on Thursday as the massive, slow-moving storm crept toward the coastline, threatening millions of people in its path with record rainfall and punishing surf.
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Amazon’s Jeff Bezos commits $2 billion to help homeless, pre-schools
Jeff Bezos, Amazon.com Inc’s founder and the world’s richest person, said on Thursday he will commit $2 billion to helping homeless families and starting pre-schools for low-income communities.
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US lawmakers ask Google if it will rejoin Chinese market
A bipartisan group of U.S. lawmakers on Thursday asked Alphabet Inc’s Google if it will reenter the Chinese search engine market and if it would comply with China’s internet censorship policies upon its return.
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Revealed! Here is why Swiss watch industry is facing an increased threat from a new Apple Watch
Apple Inc presented the new Apple Watch Series 4 able to take an electrocardiogram to detect an irregular heartbeat and start an emergency call automatically if it detects a user falling down.
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Volvo’s Self-Driving truck won’t even have a driver’s seat: Here’s more
Volvo said the truck, which does not have a driver’s cab, was still under development and declined to say when it would be available commercially. It expects the vehicle to be deployed first in places like ports and large logistics centres.
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World is sleepwalking towards another financial crisis, warns former UK PM Gordon Brown
According to former British Prime Minister Gordon Brown, who was in power when the collapse of the U.S. investment bank Lehman Brothers triggered the worst financial crisis, the world is leaderless and is now entering a period of vulnerability.
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Asian shares rebound from 14-month lows on hopes of fresh US-China trade talks, Turkish lira in focus
Asian shares won a reprieve on Thursday as news the Trump administration has reached out to China for a new round of trade talks raised hopes a deal could be struck in the bitter tariff dispute between the world’s two biggest economies.
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Myanmar leader Aung San Suu Kyi defends court decision to jail Reuters journalists
Myanmar government leader Aung San Suu Kyi on Thursday said two jailed Reuters journalists can appeal their seven-year sentence, and that their jailing had nothing to do with freedom of expression.
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US Shooting: Two gunman kills five in series of shootings in California
An unidentified gunman shot and killed five people in a series of shootings on Wednesday in Southern California before taking his own life, police said.
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US officials have reached out to China for new trade talks, claims source
The Trump administration has reached out to China for a new round of trade talks as it prepares to activate punitive U.S. tariffs on $200 billion worth of Chinese goods, two people familiar with the matter said.
