#RaceToPower | Nepal: Home Minister Rabi Lamichhane accused in multi-million dollar cooperative scam, Opposition demands his resignation
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| Last Updated | Jun 07 |
| Total Articles | 2 |
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Ringgit ends higher against major currencies except US dollar: KUALA LUMPUR: The ringgit closed higher against other major currencies but lower versus the US ...
thestar.com.my/business/business-news/2024/09/12/ringgit-ends-higher-against-major-currencies-except-us-dollar
Quick Glance: Ringgit Gains Ahead of US CPI Release
- The ringgit opened higher against the US dollar due to cautious sentiment ahead of the US consumer price index.
- At 8 AM, the local currency rose to 4.3330/3460 compared to the previous close of 4.3400/3445.
- Analysts believe the upcoming CPI report will not affect the Federal Reserve's monetary policy stance.
- The ringgit appreciated against the euro and British pound but declined against the Japanese yen and Thai baht.
Wall Street mixed, gold jumps as Fed rate cuts loom large: Wall Street treaded water and gold surged to a record high on Thursday as investors awaited a Federal ...
reuters.com/markets/global-markets-wrapup-1-2024-09-12/
Dubai: 20-year-old expat becomes 2nd runner-up in Miss Universe Nepal 2024 - News | Khaleej Times
khaleejtimes.com/uae/dubai-girl-is-2nd-runner-up-in-miss-universe-nepal-2024
Gold (XAUUSD) Steadies After Surging to Record Ahead of Expected Fed Cut: Gold rose to another record high — after surging almost 2% to an all-time peak on ...
bloomberg.com/news/articles/2024-09-13/gold-xauusd-steadies-after-surging-to-record-ahead-of-expected-fed-cut
Oil prices jump $1 on Gulf Coast storm, post selloff recovery: Oil futures jumped by a dollar in early trading on Monday as a potential hurricane system ...
reuters.com/business/energy/oil-prices-rise-more-than-1-early-trading-2024-09-09/
Quick Glance: Oil Prices Surge $1 Amid Hurricane Threat
- Oil prices increased by one dollar as a potential hurricane approached the U.S. Gulf Coast.
- West Texas Intermediate crude prices reached $68.67 per barrel, while Brent stood at $72.05 per barrel.
- Market recovery followed a decline caused by weak U.S. job data, raising concerns about oil demand.
- However, weak demand and low refining margins in Asia continue to limit price gains.
South African rand edges higher as dollar dips after US election debate: The South African rand edged higher against a weaker dollar in early trade on Wednesday ...
reuters.com/world/africa/south-african-rand-edges-higher-dollar-dips-after-us-election-debate-2024-09-11/
European Luxury Shares’ $240 Billion Rout is Just the Beginning: After enduring almost a quarter-trillion dollar hit to their market value in recent months ...
trib.al/7j3LKa8
Nepal to print new banknotes to claim Indian territories as its own : Nepal's central bank, Nepal Rashtra Bank, is gearing up to issue new banknotes ...
wionews.com/south-asia/nepal-to-print-new-banknotes-to-claim-indian-territories-as-its-own-755729
Quick Glance: Nepal to Issue Banknotes Claiming Disputed Indian Territories
- Nepal plans to issue new banknotes featuring a revised map that includes disputed Indian territories.
- The banknotes are expected to be printed within a year and will display the regions of Kalapani, Lipulekh, and Limpiyadhura.
- This decision was made by Nepal's cabinet on May 3 under Prime Minister Pushpa Kamal Dahal.
- The geopolitical implications of this move may further strain the already tense relations between Nepal and India.
Rupee ends flat; RBI intervention offsets pressure from weak Asia FX: The Indian rupee ended nearly flat on Thursday, with intervention by the Reserve Bank of ...
reuters.com/markets/currencies/rupee-ends-flat-rbi-intervention-offsets-pressure-weak-asia-fx-2024-09-12/
Sterling treads water as dollar braces for US jobs: The pound held steady on Thursday, heading for a modest weekly gain versus the dollar, ahead of U.S ...
reuters.com/markets/currencies/sterling-treads-water-dollar-braces-us-jobs-2024-09-05/
Quick Glance: Pound Steady Ahead of U.S. Employment Data
- The pound remained steady, showing a slight weekly gain against the dollar ahead of U.S. employment data.
- The euro is experiencing its first weekly rise since early August, recovering from a one-month low against the pound.
- Markets do not anticipate a rate cut from the Bank of England this month but expect a 25 basis point cut in November.
- Analysts predict the pound will trade in the low $1.30s against the dollar in the medium term.
China Housing Woes Push Vanke, Longfor Debt Deeper Into Distress: Some of China’s most closely watched property developers slid by the most in months ...
trib.al/8TZj7fW
Ringgit easier against greenback ahead of US inflation data this week: KUALA LUMPUR: The ringgit was easier against the US dollar in early trade today ahead of ...
thestar.com.my/business/business-news/2024/09/09/ringgit-easier-against-greenback-ahead-of-us-inflation-data-this-week
Ringgit ends lower against US dollar on cautious mode: KUALA LUMPUR: The ringgit extended its decline to close lower against the US dollar today ...
thestar.com.my/business/business-news/2024/09/03/ringgit-ends-lower-against-us-dollar-on-cautious-mode
Quick Glance: Ringgit Continues Decline Against US Dollar
- The ringgit continued its decline on Monday due to profit-taking after recent gains.
- By 6 PM, it fell to 4.3550/3600 against the US dollar.
- Analysts are awaiting the outcomes of the Bank Negara Malaysia's monetary policy meeting and US jobs data.
- The ringgit showed mixed results against other major currencies, weakening against the euro and British pound.
Yen hits eight-month high as focus shifts to US election, BOJ rate hikes: The safe-haven yen hit its highest since the start of the year against the dollar on ...
reuters.com/markets/currencies/yen-eyes-5-week-high-focus-turns-us-presidential-debate-inflation-2024-09-11/
South African rand slips with dollar in driving seat
reut.rs/3ZjDtng
Rupee ducks risk-aversion pressure on Asian peers to end flat: The Indian rupee ended little changed on Monday, as dollar sales by foreign banks offset the drag ...
reuters.com/markets/currencies/rupee-ducks-risk-aversion-pressure-asian-peers-end-flat-2024-09-09/
Indian rupee declines to all-time low on heavy dollar demand: The Indian rupee declined to a lifetime low on Thursday pressured by dollar demand from importers ...
reuters.com/markets/currencies/indian-rupee-declines-all-time-low-heavy-dollar-demand-2024-09-05/
Rupee gains on broad dollar decline ahead of crucial U.S. jobs report
reut.rs/3X81o68
India's Adani Group to raise at least $1.5 bln via dollar bonds, says Bloomberg News
reuters.com/business/finance/indias-adani-group-raise-least-15-bln-via-dollar-bonds-bloomberg-news-reports-2024-09-05/
Quick Glance: Public Banks Face Heavy Losses Post-Adani Acquisition
- Government-owned banks settled claims of nearly Rs 62,000 crore from 10 financially distressed companies for just Rs 16,000 crore following the Adani Group's acquisition.
- According to Congress, this represents a 74% 'haircut' for the banks, indicating the difference between what was owed and what was paid.
- Data reveals haircuts ranging from 42% to 96% among the ten entities, though it does not specify which public sector banks were involved.
- The opposition has long accused the Adani Group of financial irregularities and claims that the government favors the conglomerate.
Rupee inches up on hopes of weak US jobs report: The Indian rupee rose on Friday after disappointing U.S. private payrolls data fuelled expectations of a weaker ...
reuters.com/markets/currencies/rupee-inches-up-hopes-weak-us-jobs-report-2024-09-06/
Landslides are destroying multimillion-dollar homes in California, and they’re getting worse
cnn.com/2024/09/07/climate/rancho-palos-verdes-landslide-rainfall/
Quick Glance: Landslide Risks Increase for California Luxury Homes
- In Rancho Palos Verdes, landslides beneath multimillion-dollar homes have accelerated dramatically due to intense rainfall, leading to significant property damage and a state of emergency declaration by Governor Gavin Newsom.
- The area, with a history of slow-moving landslides, faces increased risks as climate change contributes to heavier rainfall and more powerful storms, disrupting the stability of the landscape.
- Landslides are influenced by various factors such as slope, rock type, and climate, with rainfall being a primary trigger for ground destabilization.
- Human activities, including deforestation and excessive watering, further compound the risks, leaving communities uncertain about their future amidst ongoing geological instability.
SeekingAlpha Sep 07
Singapore Technologies Engineering: A Stock With Sustained Growth Potential: ST Engineering shows strong growth in aerospace and defense despite challenges ...
seekingalpha.com/article/4719690-singapore-technologies-engineering-stock-sustained-growth-potential
Paid articlePaywall
Global stock index, Treasury yields fall after mixed US jobs report
reuters.com/markets/global-markets-wrapup-1-2024-09-06/
Quick Glance: Economic Impact of Declining Birth Rates
- A smaller, older population may lead to economic challenges.
- Carmel Crimmins converses with David Miles about the implications of falling fertility rates on state budgets and the planet.
- In South Korea, the 'YOLO' generation overlooks government efforts to boost birth rates.
- The meeting also discusses strategies to address the issues posed by an aging population.
Brazil grants 32 immigrants right not to be forcibly repatriated: Brazil's has guaranteed 32 immigrants of various nationalities who are at Sao Paulo's Guarulhos ...
reuters.com/world/brazil-grants-32-immigrants-right-not-be-forcibly-repatriated-2024-09-06/
Trump’s idea of a bitcoin strategic reserve is a very bad idea: Crypto promotion by the White House would chip away at the reserve currency status of the dollar ...
ft.com/content/e0e5e286-1885-4d72-8b65-3333069815c1
Investor bets shift as dollar weakens with looming Fed rate cuts: The U.S. dollar's decline is gaining speed as anticipated interest rate cuts by the Federal ...
reuters.com/markets/currencies/bears-circle-weakening-dollar-fed-rate-cuts-loom-2024-09-05/
SGD/USD: Singapore Travelers and Shoppers Toast Strongest Dollar in a Decade: It’s been more than a decade since Singapore’s dollar was last this strong against ...
bloomberg.com/news/articles/2024-09-05/sgd-usd-singapore-s-holidaymakers-toast-strongest-dollar-in-a-decade
A dollar on the defensive brings relief to policymakers globally
reuters.com/markets/currencies/dollar-defensive-brings-relief-policymakers-globally-2024-09-02/
Vietnam death row tycoon faces new multi-billion-dollar fraud charges: Truong My Lan was found guilty in April of swindling cash from a bank over a decade.
straitstimes.com/asia/se-asia/vietnam-death-row-tycoon-faces-new-multi-billion-dollar-fraud-charges
US market selloff stokes recession fears, trounces rate cut cheer: Mounting unease over the U.S. economic outlook and a seasonally weak month for stocks have ...
reuters.com/markets/us/recession-fears-trounce-rate-cut-cheer-latest-market-selloff-2024-09-04/
Houthis shoot down US' multimillion-dollar surveillance aircraft MQ-9: Yemen's Houthi rebels claimed early Sunday they shot down another American-made MQ-9 drone ...
business-standard.com/world-news/houthis-shoot-down-us-multimillion-dollar-surveillance-aircraft-mq-9-124090800059_1.html
ByteDance taps banks for $9.5 bln Asia dollar corporate loan, sources say: TikTok-owner ByteDance is tapping banks for a $9.5 billion loan that would be the ...
reuters.com/technology/bytedance-taps-banks-95-bln-asia-dollar-corporate-loan-sources-say-2024-09-02/
Sean ‘Diddy’ Combs ordered to pay $130 million to man who claims rapper sexually assaulted him
straitstimes.com/world/sean-diddy-combs-ordered-to-pay-100-million-in-sexual-assault-lawsuit
Traders dump Maldives debt amid growing default risks : The Maldives, a popular tourist destination, is facing a severe financial crisis as investors rush to ...
wionews.com/business-economy/traders-dump-maldives-debt-amid-growing-default-risks-756022
ONGC News: India's Top Oil Explorer May Set Up Refinery in Uttar Pradesh: India’s Oil and Natural Gas Corp. is considering setting up a multibillion dollar ...
bloomberg.com/news/articles/2024-09-03/india-s-top-oil-explorer-may-set-up-refinery-in-uttar-pradesh
Stocks stumble as growth worries resurface, tech shine dims: Shares fell globally on Wednesday, hit by a drop in tech stocks sparked by a record sell-off for U.S ...
reuters.com/markets/global-markets-wrapup-1-2024-09-04/
HDB mature estate prices dip in August, million-dollar deals slide amid Ghost Month lull: SRX, 99.co
straitstimes.com/singapore/housing/hdb-mature-estate-prices-dip-in-august-million-dollar-deals-slide-amid-ghost-month-lull-srx-99co
Nepal's gains on gender equality in politics are in peril: Kushal Pokharel is a research fellow at the South Asia Institute of Advanced Studies (SIAS) in Nepal ...
asia.nikkei.com/Opinion/Nepal-s-gains-on-gender-equality-in-politics-are-in-peril
Paid articlePaywallRupee, forward premiums dip; cues on pace of Fed rate cuts awaited: The Indian rupee weakened marginally on Monday and forward premiums declined ...
reuters.com/markets/currencies/rupee-forward-premiums-dip-cues-pace-fed-rate-cuts-awaited-2024-09-02/
5 Gurkha Contingent officers ran illegal money transfer services; 1 case involved nearly $3m
straitstimes.com/singapore/courts-crime/5-gurkha-contingent-officers-operated-unlawful-money-transfer-services-involving-up-to-286m-each
REUTERS POLL Bullish bets on most Asian currencies rise on Fed rate cut bets: Analysts have raised bullish bets on most Asian currencies after mixed data ...
reuters.com/markets/currencies/reuters-poll-bullish-bets-most-asian-currencies-rise-fed-rate-cut-bets-2024-09-05/
Brazil police name 41 suspects in Americanas fraud investigation: Brazil's federal police named 41 suspects on Monday in the multibillion-dollar fraud revealed ...
reuters.com/business/brazil-police-name-41-suspects-americanas-fraud-investigation-2024-09-02/
Traders Shun Maldives as World’s First Sukuk Default Looms: A selloff in Islamic bonds from the Maldives has intensified in recent weeks as investors rush to ...
bloomberg.com/news/articles/2024-09-04/traders-dump-maldives-debt-as-world-s-first-sukuk-default-looms
Paid articlePaywall
Some money changers in Singapore see business boom despite strengthening ringgit: The exchange rate for Malaysian ringgit has dipped recently, but that ...
asiaone.com/singapore/money-changers-singapore-see-business-boom-despite-strengthening-ringgit
thedailystar.net Sep 04
Crowds give Nepal's first Paralympics medallist hero's welcome: Nepal gave their first-ever Paralympic medalist a hero's welcome Wednesday as ...
thedailystar.net/sports/more-sports/news/crowds-give-nepals-first-paralympics-medallist-heros-welcome-3694226
Yen calling the shots as BOJ mulls rate increase: Analysts are concerned that the BOJ is at risk of going too far with its rate hikes and that the currency is ...
japantimes.co.jp/business/2024/09/02/economy/boj-rate-hike-yen-strength/
Rupee, forward premiums lifted by improved odds of deeper Fed rate cut: The Indian rupee rose on Friday and dollar-rupee forward premiums climbed on renewed ...
reuters.com/markets/currencies/rupee-forward-premiums-lifted-by-improved-odds-deeper-fed-rate-cut-2024-09-13/
The Luxury Report: What’s next for the trillion-dollar industry?: With slowing growth and market upheaval, a new generation is redefining the luxury market
businesspost.ie/irish-tatler/the-luxury-report-whats-next-for-the-trillion-dollar-industry/
Paid articlePaywall
Tokyo stocks fall as stronger yen clouds corporate earnings outlook - The Mainichi
mainichi.jp/english/articles/20240913/p2g/00m/0bu/038000c
Video: Autocratic rulers and people’s resistance in South Asia: The people of South Asia aspire for democracy. How successful can we hope they will be?
scroll.in/video/1073054/video-autocratic-rulers-and-peoples-resistance-in-south-asia
Explainer: Why India is pushing for rupee trade: As the trade transactions will be settled in rupee, it will reduce the exchange rate risk for the Indian ...
financialexpress.com/market/explainer-why-india-is-pushing-for-rupee-trade-3609664/
IC 814 hijack: A 3-foot platform at airport allows Nepal to save face, meet India’s security demands
scroll.in/article/1073015/ic-814-hijack-a-3-foot-platform-at-the-airport-allows-nepal-to-save-face-and-india-to-have-its-way
Saudi Arabia’s trillion-dollar economy gains momentum, fueled by Vision 2030: Saudi Arabia’s economy continues to surge forward, building on its recent ...
english.alarabiya.net/News/saudi-arabia/2024/09/12/saudi-arabia-s-trillion-dollar-economy-gains-momentum-fueled-by-vision-2030
Stocks falter, dollar defensive after US presidential debate - Markets - The Jakarta Post
thejakartapost.com/business/2024/09/11/stocks-falter-dollar-defensive-after-us-presidential-debate.html
TSMC's August sales hit 2nd monthly high - Focus Taiwan: Contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) on Tuesday said it recorded its ...
focustaiwan.tw/business/202409100010
Gold holds firm above $2,500 level as US inflation data looms: Gold prices held firm above the $2,500 level on Tuesday as market participants positioned ...
reuters.com/markets/commodities/gold-prices-edge-lower-ahead-us-inflation-print-2024-09-10/
Nigerian govt. raises over $900 million in landmark dollar bond: The funds raised from this dollar bond will be directed toward critical infrastructure projects ...
premiumtimesng.com/news/headlines/733443-nigerian-govt-raises-over-900-million-in-landmark-dollar-bond.html
Why Tamil Nadu opposes Centre’s New Education Policy (NEP): Tamil Nadu and the Centre are once again locking horns over the NEP, this time because of the Centre ...
indianexpress.com/article/explained/explained-politics/tamil-nadu-opposes-centre-new-education-policy-nep-9562529/
Supporting Bermuda’s youth through a charitable cause: A social worker is embarking on a cause for a popular football charity targeting the personal development ...
royalgazette.com/education/news/article/20240911/supporting-bermudas-youth-through-a-charitable-cause/
Yeni Şafak Sep 11
Turkmenistan, Afghanistan resume work on multibillion-dollar gas pipeline project
yenisafak.com/en/news/turkmenistan-afghanistan-resume-work-on-multibillion-dollar-gas-pipeline-project-3690812
t.me Sep 11
Bauchi sets N6.5m as hajj deposit for 2025: Bauchi State Governor, Bala Mohammed, has approved the sum of N6.5 million minimum initial deposit for 2025 hajj from ...
punchng.com/bauchi-sets-n6-5m-as-hajj-deposit-for-2025/
Yen rally prompts an unwind of hedges in Japanese stocks but investors wary of earnings hit
japantimes.co.jp/business/2024/09/10/markets/yen-rally-japan-stocks/
From navy veteran to global entrepreneur: Andy Mackin’s accidental empire: Graft and good timing sparked a multi-million dollar enterprise for the former Defence ...
businesspost.ie/property/from-navy-veteran-to-global-entrepreneur-andy-mackins-accidental-empire/
Paid articlePaywall IREDA share jumps 7% on pacts with SJVN, GMR Energy for project in Nepal: The IREDA scrip surged as much as 7.21 per cent to hit an intraday high of Rs 239 ...
business-standard.com/markets/news/ireda-share-jumps-7-on-pacts-with-sjvn-gmr-energy-for-project-in-nepal-124091000398_1.html
President Paudel confers insignia to Nepal's new Army chief
deccanherald.com/world/nepal-army-3182920
What will be India's position at G20 on proposal of 'billionaire tax': Cong: The Congress on Monday asked the government to spell out what will be India's ...
business-standard.com/india-news/what-will-be-india-s-position-at-g20-on-proposal-of-billionaire-tax-cong-124090900170_1.html
Newslaundry Sep 06
NEP, SSA, and now PM-SHRI: Centre and states adding more flashpoints than averting them
newslaundry.com/2024/09/03/nep-ssa-and-now-pm-shri-centre-and-states-adding-more-flashpoints-than-averting-them
thedailystar.net Sep 08
Home adviser assures safety of Nepali students: His assurance came as Nepal Ambassador to Bangladesh Ghanshyam Bhandari meets him
thedailystar.net/news/bangladesh/diplomacy/news/home-adviser-assures-safety-nepali-students-3697576
‘Symbol of our second birth’: IC 814 Kandahar hijack survivor keeps shawl gifted by terrorist despite ridiculing
indianexpress.com/article/cities/chandigarh/ic-814-kandahar-hijack-survivor-shawl-gifted-terrorist-despite-ridiculing-9549967/
Global equities edge down with economy in focus; oil steadies: MSCI's global equities index edged down on Thursday as investors anxiously assessed mixed economic ...
reuters.com/markets/global-markets-wrapup-1pix-2024-09-05/
Inappropriate weight and speed caused Nepal plane crash in July, probe says
reuters.com/world/asia-pacific/inappropriate-weight-speed-caused-nepal-plane-crash-july-probe-says-2024-09-06/
ANN editors gather for 25th anniversary summit: PETALING JAYA: Editors of leading media houses in Asia have gathered in town for the Asia News Network (ANN) 25th ...
thestar.com.my/news/nation/2024/09/05/ann-editors-gather-for-25th-anniversary-summit
Ringgit strengthens against greenback as US rate cut hopes grow: KUALA LUMPUR: The ringgit ended the week on a positive note after closing stronger against the ...
thestar.com.my/business/business-news/2024/09/06/ringgit-strengthens-against-greenback-as-us-rate-cut-hopes-grow
Prothom Alo English Sep 06
Fixing our banks, building a more robust banking system: With the right solution mix and proper political resolve, Bangladesh can come out of this predicament ...
en.prothomalo.com/opinion/op-ed/5wt9wi8vpo
Canada’s canola sector may see ‘billion-dollar hit’ in China probe: report: Morningstar DBRS said in a report released Thursday that the investigation into ...
globalnews.ca/news/10734919/china-canola-investigation-report-billion-dollar-impact-canada/
India's Adani Group to raise at least $1.5 bln via dollar bonds, says Bloomberg News
reuters.com/business/finance/indias-adani-group-raise-least-15-bln-via-dollar-bonds-bloomberg-news-reports-2024-09-05/
Teachers Day: How NEP 2020 engenders discrimination within the state system of education
thehindu.com/education/teachers-day-time-to-take-stock-of-how-nep-2020-discriminates/article68608132.ece
Meet Nepal’s Richest Man – The billionaire behind Wai Wai noodles; Know about his career, education, love for Bollywood, and net worth
financialexpress.com/life/lifestyle-meet-nepals-richest-man-the-billionaire-behind-wai-wai-noodles-know-about-his-career-education-love-for-bollywood-and-net-worth-3600140/
‘Making It Big’: Nepali billionaire Binod Chaudhary’s memoir is an endearing tribute to his life
scroll.in/article/1072606/making-it-big-nepali-billionaire-binod-chaudharys-memoir-is-an-endearing-tribute-to-his-life
Sterling eases after scorching August rally: The pound eased on Tuesday, edging lower against both the dollar and the euro, as investors booked some profit on ...
reuters.com/markets/currencies/sterling-eases-after-scorching-august-rally-2024-09-03/
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