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But grouping’s financial system remains resilient due to well-calibrated policy mixes, strong fundamentals: Amro[SINGAPORE] The financial stability of the Asean+3 grouping remains vulnerable to US policy and geopolitical uncertainties, as the greenback’s waning safe-haven appeal and digitalisation in the banking sector open the door to fault lines. Even though intraregional trade and domestic demand have become increasingly important growth engines across these markets, their deep integration within the global financial system leaves them exposed to external shocks, said He Dong, chief economist of the Asean+3 Macroeconomic Research Office (Amro).He was commenting on the findings of Amro’s annual flagship financial stability…

When Don Searles went to a recent party, he didn’t want to show up empty-handed. So he made peanut brittle using an old family recipe — with a modern-day twist.”We added the marijuana,” he said.The party was hosted by 74-year-old Gayle Crawley at the Trilogy retirement community an hour east of San Francisco, where lately the golf course has a new competitor for popularity.Between 2021 and 2023, cannabis use among Americans 65 and older went up 46%, according to a study published in JAMA Internal Medicine.Crawley said those numbers reflect that marijuana is a “good solution to a lot of…

The Pentagon press corps’ negotiations with the Defense Department over easing proposed restrictions on their reporting have reached an impasse, according to the Pentagon Press Association — though the Pentagon says it has negotiated in good faith.In a statement Wednesday, the Association said it “has been cautious” with its public statements about the restrictions as negotiations were underway over revising the new rules, which reporters are required to sign off on or else lose their Pentagon press credentials.”Unfortunately, those negotiations have not been as successful as we had hoped,” said the Association, which represents reporters who cover the Pentagon.In September,…

Trade is once again likely to dominate the agenda at the annual meetings, following US President Donald Trump’s decision earlier this year to unleash sweeping tariffs against many trading partners[WASHINGTON] The global economy is doing better than expected, even as it faces prolonged uncertainty and underwhelming medium-term growth prospects, the head of the International Monetary Fund (IMF) said on Wednesday (Oct 8).The world economy is doing “better than feared, but worse than we need”, IMF managing director Kristalina Georgieva told reporters in Washington.She added that the Fund now expects global growth to slow “only slightly this year and next”, propped…

Nathan Lukes hit a two-run single to extend the Toronto Blue Jays’ lead over the New York Yankees.

TOKYO :The Bank of Japan can raise interest rates if prospects of durably meeting its 2 per cent inflation target improve, but would struggle to justify doing so this year given weak signs in the economy, former deputy governor Masazumi Wakatabe told Reuters.Wakatabe, who is known as a fiscal and monetary dove, endorsed the central bank’s cautious policy normalisation and said more rate hikes could come if the economy improves.He noted the economy was “at a historical turning point” with companies raising prices on a regular basis in a departure from their past caution over doing so.”If the economy is…

The reason given for singledom is an eminently practical one: ‘together costs’ are spiralling[SINGAPORE] There were 29,237 citizen births in 2024, 1.2 per cent more than the 28,877 citizen births in the previous year. An uptick was to be expected, given that it was the Year of the Dragon, but it was relatively small. There is even less cause for optimism if one looks at the marriage statistics. In 2024, there were 22,955 citizen marriages, 5.7 per cent lower than the 24,355 citizen marriages in 2023. The average number of citizen marriages per year in the last five years (23,000) was…

Image Source: Bing Image. License: All Creative Commons Ukraine’s effort in the war has constantly been one of improvisation, determination, and a pinch of mad ingenuity. But nothing comes close to capturing that essence like the emergence of the FP-5 “Flamingo” cruise missile—a homemade behemoth that’s now giving Russia’s generals the cold sweats and the world’s defense intellectuals something to sit up and take notice of. Image Source: Bing Image. License: All Creative Commons Way back in 2023, the long-range strike capacity of Ukraine was almost completely reliant on Western hand-me-downs. UK and French Storm Shadow and SCALP-EG missiles were…

Two HSBC bank logos are displayed on an office building in Mexico City, Mexico, July 25, 2025. Henry Romero | ReutersHSBC said it has asked the board of Hang Seng Bank to put forward a privatization proposal to shareholders via a scheme of arrangement under Hong Kong’s Companies Ordinance.Shares in Hang Seng Bank, a subsidiary of HSBC, would be canceled in exchange for 155 Hong Kong dollars ($19.78) apiece, valuing the bank at about HK$290.74 billion.”One of HSBC’s strategic priorities is to grow in Hong Kong,” the bank said in its filing statement, adding that it believes it is “best…

The firm, based in London, is known as an anchor of commerce between the Asia-Pacific region and the rest of the world [SINGAPORE] HSBC Holdings is proposing to acquire the rest of Hang Seng Bank as the Asia exposed lender seeks to cement its presence in its key market of Hong Kong, valuing the target at US$37 billion.The privatisation price was set at HK$155 a share in cash, a premium of about 30 per cent over the last closing price, HSBC said in a statement on Thursday (Oct 9). The publicly listed shares would be cancelled under the proposal. “One…