TOKYO, (APP/AFP) – The yen ticked up in Tokyo on Tuesday after the Bank of Japan decided to leave its monetary stance unchanged, including its controversial negative interest rate policy. Markets had been keen to see if Japanese policymakers would unleash fresh stimulus after launching the widely panned negative deposit rate in January. But the […]
International News
Yen inches up in Tokyo after BoJ holds fire
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Millions in US at risk from rising seas: study
PARIS, (APP/AFP): Rising sea levels driven by climate change could upend the lives of more than 13 million Americans by the end of the century, according to a study released Monday. If global warming lifts oceans 1.8 metres (six feet) by 2100, as some scientists forecast in worst-case scenarios, 13.1 million people living in US […]
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Cuba in new Verizon deal for direct calls with US
HAVANA, (APP/AFP) – A week before US President Barack Obama visits Cuba, its state telecom monopoly ETECSA announced Monday a deal with Verizon Partner Solutions to expand direct calls. “Once implementation and testing work are completed, this initially will allow phone service” between the neighbors, ETECSA said. It is no small detail, since there are […]
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Pakistan Embassy engages US expatriates on incentive package
WASHINGTON, (APP): The Pakistan Embassy in the United States is engaging Pakistani Americans for their input on incentives that will attract them to invest in their motherland and contribute to an increased flow of foreign exchange. The Embassy, in this regard, is approaching representatives of leading Pakistani community and holding seminars and meetings to discuss […]
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Illegal tuna fishing costs Pacific US$740m: report
WELLINGTON, (APP/AFP) – Illegal tuna fishing in the Pacific has reached a “staggering” value of up to US$740 million a year, a study released Tuesday found. The Pacific supplies about 60 percent of the world’s tuna, an economic mainstay for some small island nations, but the Forum Fisheries Agency (FFA) study is the first attempt […]
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Belgium’s Ageas in 1.2bn settlement plan over Fortis
BRUSSELS, (APP/AFP) – Belgian insurer Ageas announced Monday a proposed 1.2 billion-euro settlement with shareholders to cover losses following the dismantlement of the Fortis bank insurance group during the 2008 financial crisis. “Ageas agreed to pay a global amount of 1.204 billion euros ($1.338 billion) to eligible shareholders without admitting any wrongdoing,” it said in […]