Aggressive Asia hikes show few signs of stabilising currencies

Aggressive Asia hikes show few signs of stabilising currencies

Published Fri, May 29, 2026 · 12:51 PM ASIAN central banks are turning to ever more aggressive interest-rate hikes to shore up currencies, though there are few signs of success. The Sri Lankan rupee advanced more than 1 per cent after a larger-than-expected 100-basis-point increase this week, but it has since surrendered those gains and…

Read More

Canada blanks Team USA to advance to semis at hockey worlds

Canada blanks Team USA to advance to semis at hockey worlds

FRIBOURG, Switzerland — Macklin Celebrini scored again, Sidney Crosby netted his first and Jet Greaves stopped 34 shots as Canada beat the United States 4-0 in a rematch of the Olympic final to advance to the semifinals at the ice hockey world championship on Thursday. In the latest edition of their fierce rivalry, Canada’s victory…

Read More

Gavin Newsom’s ‘burn’ grants insult fire victims

Gavin Newsom’s ‘burn’ grants insult fire victims

Gavin Newsom has been funding “cultural burns.” No, not the Burning Man festival — though that might be a better use of the money — but rituals by Native American tribes that claim to be reviving indigenous practices of brush clearance. The Manhattan Institute has revealed that the state of California is spending millions of…

Read More

Jardine eyes more Asia deals after US$10 billion spree to revamp empire

Jardine eyes more Asia deals after US billion spree to revamp empire

The company and its subsidiaries have been shedding capital-intensive assets across sectors Published Fri, May 29, 2026 · 09:45 AM [HONG KONG] Jardine Matheson Holdings is considering selling more assets as part of an overhaul to transform the conglomerate into an investment firm with a focus on higher growth areas, according to sources familiar with…

Read More

Seatrium eyes S$28 billion in project opportunities amid global race for energy security

Seatrium eyes S billion in project opportunities amid global race for energy security

[SINGAPORE] Offshore and marine player Seatrium is eyeing more than S$28 billion in project opportunities over the next two years, as the Middle East conflict escalates the global race to secure energy supply. Higher oil prices are providing “a supportive environment for offshore energy infrastructure investments”, said Seatrium chief executive officer Chris Ong on Friday…

Read More