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Chinese stocks rise for first time in four days on interest rate cuts comment by US Federal Reserve official

Chinese stocks closed higher for the first time in four days on Friday, following comments by a Federal Reserve official that suggested the US central bank would cut interest rates more aggressively than anticipated.The Shanghai Composite Index rose 0.9 per cent to 2,924.2 at the close, snapping a three-day, 1.4 per cent losing streak. The gauge was down 0.2 per cent for the week. In Hong Kong, the Hang Seng Index added 1.1 per cent to 28,765.40.Benchmarks across Asia, from Japan to South Korea… Source link

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Singapore 

Celebrity DJ Tenashar arrested twice in three days for suspected drug offences, trespass, Singapore News

SINGAPORE – Celebrity DJ Tenashar has been arrested twice in the space of three days – for drug offences in Johor, then trespass and drug-related offences in Singapore. Debbie Valerie Tenashar Long was released from prison less than two months ago for drug offences dating from 2015. However, she was arrested after an incident last Friday (July 5) in Johor Bahru and a Johor police source told The Straits Times on Thursday (July 11) that the 33-year-old’s urine samples had tested positive for drugs. She was subsequently released and returned…

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Global 

China Premier promises ‘faster’ financial opening up to foreign investors days after agreeing US trade war truce

China will scrap foreign ownership caps in the domestic financial industry from 2020, a year earlier than previously expected, Premier Li Keqiang said on Tuesday, in a fresh gesture to woo foreign investors, just days after agreeing another truce in the year-long trade war with the United States.Li did not directly mention the US or the trade war in his speech to the “Summer Davos” forum in Dalian on Tuesday, but said China will open its markets wider to foreign investors, while also repeating… Source link

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Singapore 

‘He looked more dead than alive’: Ship captain who rescued Singapore man drifting in South China Sea for 4 days, Singapore News

The diving instructor was floating about 128km away from Singapore, said Mr Plugge. It took just 20 minutes for three crew members, including Mr Bazdan, to dispatch a rescue boat, lift Mr Low into the boat and on board the ship, and wheel him into an empty cabin. This was the Diogo Cao’s maiden voyage, and Mr Plugge had made it a priority to conduct multiple safety drills before the ship set sail on April 29, with all 15 crew members undergoing four “man overboard” rescue drills. Said Mr Plugge:…

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Singapore 

RSAF rescues diving coach who drifted at sea for 3 days after boat sank, Singapore News

SINGAPORE – A diving instructor drifted at sea for three days in May after a bout of bad weather sank his boat. Mr John Low had no food and water, and was starting to hallucinate on the third day when a passing ship caught sight of him in the South China Sea. The Republic of Singapore Air Force’s (RSAF) search-and-rescue team, Rescue 10, was scrambled quickly on May 7 to pick him up from the ship and send him for emergency treatment. On Friday (June 7), a month after the…

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Singapore 

Fake news law passed after 2 days of debate, Singapore News

SINGAPORE – After a marathon two-day debate that stretched late into Wednesday evening (May 8), Parliament passed a comprehensive piece of legislation to combat fake news. The proposed law is not a political tool for the ruling party to wield power, said Home Affairs and Law Minister K. Shanmugam, but is about shaping the kind of society that Singapore should be. Summing up the often-fractious debate on the Protection from Online Falsehoods and Manipulation Bill, he painted a picture of a society in which lies are kept out and there…

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China Vice-Premier Liu He likely to delay US trip by three days after Donald Trump tweet, says source

Chief trade negotiator and Vice-Premier Liu He is still expected to travel to Washington this week despite US President Donald Trump threatening to increase tariffs on China, but is now likely to delay the trip by a few days and stay for only a short time, a source who has been briefed on the latest arrangement told the South China Morning Post.There were high hopes that Liu’s trip to Washington this week for the 11th round of talks would produce a deal to end the trade war which has ravaged……

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Singapore 

Second peeping Tom case in four days reported at NTU, Singapore News

SINGAPORE – A police report has been made against a 22-year-old male suspect on April 18 for filming a fellow female student showering at a hall of residence in Nanyang Technological University (NTU). The incident at Tamarind Hall is the second reported case in four days at NTU. The first occurred at the university’s Hall 3 on April 21, when a 19-year-old male trespasser had allegedly taken photographs of a male undergraduate in the shower. The male suspect was “neither a student nor employee of NTU”, an NTU spokesman had…

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Singapore 

Singapore motorcyclist dies days after accident on Causeway; family appeals for eyewitnesses, Singapore News

SINGAPORE – A motorcyclist from Singapore died several days after he was involved in an accident when heading to Malaysia for breakfast. The man, 29-year-old public servant Cai Yu Heng, was headed north with a friend on Sunday (April 21), when the accident occurred on the Malaysian side of the Causeway, reported Chinese-language evening daily Shin Min Daily News on Wednesday. Johor Baru police said they were alerted to an accident on the Causeway at 10.30am, involving a motorcycle and a Singapore-registered car, Malaysian Chinese-language news publication Sin Chew Daily…

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Singapore 

Thief who stole car with $23.5k worth of valuables from East Coast Park nabbed three days later in Geylang, Singapore News

SINGAPORE – A car containing valuables worth about $23,500 was stolen from an East Coast Park carpark on Sunday evening (April 7). The 31-year-old alleged thief was arrested three days later in Lorong 8 Geylang by officers from Bedok Police Division. Police said on Thursday that they had first received a report at about 6.55pm that a car parked at an East Coast Park carpark had been stolen. There were several bags and valuables worth up to $23,500 inside it. While the vehicle was later found at another carpark at…

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