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JAKARTA: The Indonesian rupiah on Monday sank to its lowest level against the dollar since the Asian financial crisis 16 years ago, as emerging markets are hit hard by signs of recovery in the US. The unit was down 1.8 percent in early afternoon trade, at 12,690 to the dollar,…

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DUBAI: The rise in oil supplies on global markets does not justify the sharp drop in crude prices, a top OPEC official said on Sunday, arguing speculation might be a contributor. “We want to know the main reasons that have led to such a drop in oil prices,” said Abdalla…

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TAIPEI: Anti-Beijing protesters chanted outside a high-level business meeting in Taiwan on Monday where the founder of China’s e-commerce giant Alibaba called on the island’s youth to start businesses on the mainland. Trade with China is a particularly sensitive topic as fears grow over the mainland’s increased influence on Taiwan…

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TOKYO: Prime Minister Shinzo Abe was getting down to a second consecutive term in office on Monday after a thumping election win, with analysts warning he needed to make good on his promise to fix Japan’s economy. His ruling Liberal Democratic Party (LDP) and its junior partner Komeito swept the…

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HONG KONG: Asian markets fell on Monday as oil remained near five-year lows, while investors in Japan shrugged off Prime Minister Shinzo Abe’s decisive re-election and focused instead on the faltering economy. Sydney shed 0.64 percent as a hostage crisis erupted in the heart of the city, with terrified people…

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SYDNEY: Australia’s budget deficit is forecast to balloon to Aus$40.4 billion ($33.2 billion) this financial year as the government struggles with a sharp slump in commodity prices, Treasurer Joe Hockey said on Monday. In the national budget released in May, the government forecast a Aus$29.8 billion deficit for 2014/15, but…

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KATHMANDU: Sixty years ago this week two men became the first to stand on the roof of the world in a remarkable feat of endurance and strength of the human spirit. As the May 29 anniversary of Tenzing Norgay and Edmund Hillary’s summit of Mount Everest approaches, hundreds of people…

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BEIRUT: Four people were wounded on Sunday when two rockets exploded in the Shiite-majority Hezbollah heartland of south Beirut, a Lebanese security source said. “Two Grad rockets hit the southern suburbs of Beirut. One rocket struck a car showroom where four people were wounded and vehicles were damaged,” the source…

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BAGHDAD: Syrian Foreign Minister Walid Muallem landed in Baghdad on Sunday on an unannounced visit for talks with Iraqi Prime Minister Nuri al-Maliki, a senior government official said. It was unclear how long the visit would last and whether Muallem would meet with any other Iraqi officials. “The foreign minister…

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STOCKHOLM: Cars were torched and police faced stone-throwing youths in Stockholm’s immigrant-dominated suburbs on Sunday, but the nightly riots that have raged for a week appeared to be easing, police said. A handful of cars were set ablaze in various suburbs. “When it comes to car fires, there have been…

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LONDON: Three men were being held in custody on Sunday on suspicion of conspiracy to murder the British soldier hacked to death in a London street in an Islamist attack. Two men aged 28 and 24 were arrested at a home in southeast London on Saturday, with police firing a…

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ROME: Italians began voting in local elections on Sunday that will test political parties three months from a general election that left no clear winner and a month after the start of a fragile coalition Cabinet. The focus is on the Italian capital Rome where incumbent right-wing Mayor Gianni Alemanno…

Today's Breaking News

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THE Philippine Charity Sweepstakes Office (PCSO) on Wednesday defended its rationalization plan after some of its employees have asked a court to nullify it. PCSO Chairman Margarita Juico said the rationalization plan underwent regular process adding that the Sweepstakes Employees Union (SEU) participated in all its phases. She issued the…

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THE Metropolitan Manila Development Authority (MMDA) on Wednesday called for a metrowide earthquake census in the wake of the magnitude 7.2 tremor that badly damaged Bohol and Cebu last week. MMDA Chairman Francis Tolentino said the earthquake risk survey is very vital in identifying public and private buildings, including residential…

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VICE President Jejomar Binay on Wednesday called on the public anew to pray for a Filipino, who faces execution in Saudi Arabia after November 3. Binay also reiterated his appeal for help in raising the blood money that will secure the release of Joselito Zapanta, the overseas Filipino workers (OFW)…

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A young couple in conservative southern Afghanistan have been found beheaded, apparently killed for having a love affair outside of marriage, officials said on Wednesday. Police investigating the case said they believed the family of the woman, aged around 20, was responsible for the murders in the southern province of…

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Iran has decided to spare the life of a convicted drug trafficker who survived a hanging, media reports on Wednesday quoted Justice Minister Mostafa Pour-Mohammadi as saying. The reports follow calls from within Iran and appeals from international rights groups against the man found alive in a morgue facing execution…