Alarming comparisons have been drawn between the recent market turmoil and the meltdown suffered by regional bourses during the Asian financial crisis 18 years ago.
With his abrasive debating manner, derogatory attitude to women, dim understanding of international politics and much-ridiculed pompadour hairstyle, tycoon Donald Trump has no chance of being elected as president of the United States of America. Still, he is leading the slate of Republican candidates for the U.S. presidential elections.
It's time for former president Chen Shui-bian to go back to prison. There's no reason why he is allowed to stay at home on compassionate release from jail where he is required to serve a 20-year sentence for corruption and graft as well as money laundering while he was in office from 2000 to 2008.
- Joe Hung, 2 Comments
We are in one big global mess. On Aug. 11, an unexpected 1.9 percent devaluation of the yuan fueled fears about the outlook of the Chinese economy, setting off falls in commodity prices and emerging market (EM) currencies and equities over an extended period.
The 38th Parallel dividing North and South Korea is less tense thanks to a sensible new agreement. Pyongyang has expressed regret over land mines injuring South Korean soldiers. The South will curtail loudspeaker broadcasts. The confrontation led to artillery fire.
There is hope for Indonesia's environment, at least according to the president's special envoy on climate change, Rachmat Witoelar, who revealed this week the government's bid to set a higher national emissions reduction target ahead of the U.N. climate change conference in Paris at the end of the year.
The overnight rally planned by electoral reforms activist group Bersih to begin this afternoon in Kuala Lumpur will undoubtedly see tens of thousands descending on the streets of the capital, in what has become a protest against Prime Minister Najib Razak.
In the early 2000s, Korean tourists to Turkey saw a foreign exchange rate of 1 million won to about 1.3 billion lira.
The reverberations of mainland China's economic jolt are being felt worldwide from New York, to London, Frankfurt and Tokyo. It's the fear of a slowdown in the once supercharged Chinese economy, which has sent China's Shanghai Index market into a tailspin down over 20 percent in two weeks. The economic knock-on effect has been sobering since China, as the world's second-largest economy, has been a driver of global growth and commerce.
On Aug. 11, the People's Bank of China set the trading range of the yuan about 1.9 percent lower against the U.S. dollar, allowing the currency to float at a more market-driven level against the greenback. In the week ended Aug. 15, the yuan depreciated by nearly 4 percent.