Vietnam reported more than three dozen new cases of the coronavirus on Saturday, while a third person died of COVID-19 complications a day after the country reported ... ( read original story ...)
Vietnam reports first coronavirus deaths after months of successful curbs
Vietnam recorded its first two deaths from Covid-19 on Friday after winning plaudits worldwide for one of the most successful national responses to the pandemic. ( read original story ...)
India reports record daily rise in virus cases
The previous daily highs were 657 on Friday and 615 on Thursday. The recent spike in new cases has been mainly caused by outbreaks at three Silesian coal mines and among miners’ families in southern ... ( read original story ...)
Currency peg vital for Hong Kong’s status as global finance centre even as US dollar declines, says former monetary authority chief Joseph Yam
It marked the second time in a week that Yam - now an executive council member - has spoken out to shore up confidence in the peg and in Hong Kong as a reputable global finance hub. He gave a ... ( read original story ...)
SocGen shuts Singapore trade commodity desk after Hin Leong
Societe Generale SA is closing its trade commodity finance unit in Singapore after the collapse of Hin Leong Trading prompted the bank to halt fresh funding to such firms in the region. ( read original story ...)
US House passes missile-defense budget for Israel valued at $500 mil.
US House of Representatives passed on Friday an aid package to Israel valued at $500 million designated for assistance to Israel in missile-defense, JNS reported. The financial aid will mostly go ... ( read original story ...)
Nepal Investment Bank bags ‘Award of Recognition’
Nepal Investment Bank Ltd (NIBL) has bagged an ‘Award of Recognition’ from International Financial Corporation (IFC) ... ( read original story ...)
Iran Will Expand Nuclear Program and Won’t Talk to U.S., Ayatollah Says
In a televised speech, Ayatollah Ali Khamenei, Iran’s supreme leader, said that negotiating with Washington over his country’s nuclear program would only help President Trump get re-elected. ( read original story ...)
India Eases Loan Rules in Rescue Package to Cover More Companies
India eased some lending rules in the rescue package it announced in May to help more small businesses tide over the crisis triggered by the pandemic. ( read original story ...)
Every sector is trying to beat the pandemic and revive, says Finance Minister Sitharaman
Nirmala Sithraman says credit flow is picking up, but points out that given the uncertainty around the pandemic, a complete picture about the economy is yet to emerge. ( read original story ...)