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November 9, 2017 6:40 AM Exclusive: Venezuela's PDVSA misses debt payments, used Russian bank to pay ONGC

NEW DELHI - Venezuelan state oil-firm PDVSA has not made debt payments to India's top oil producer ONGC for six months, and has previously used a Russian state-owned bank and another Indian energy company as intermediaries to make payments, two sources familiar with the transactions said on Wednesday. ONGC Videsh, the overseas investment arm of ONGC, confirmed 549

October 30, 2017 3:04 PM Uhuru Kenyatta: Re-elected, but at what cost?

Uhuru Kenyatta, who won a second and final term in Kenya's controversial election re-run, is the son of the country's founding president and a man who epitomises the country's elite. The 56-year-old US-educated multi-millionaire, whose family owns an array of businesses, properties and land, followed in his father's footsteps when he defeated his rival 151

October 30, 2017 1:20 PM 4,000 jobs to be created in financial services and fintech under MAS blueprint

SINGAPORE — A total of 4,000 net jobs will be created annually till 2020 in the financial services and fintech sectors as part of the industry transformation map (ITM) for financial services which was launched on Monday (Oct 30). Three quarters of the new jobs will be added in the financial services sectors, and these cut across the areas of wealth management 143

October 30, 2017 7:20 AM Najib eyes swing voters in budget as election window narrows

KUALA LUMPUR (BLOOMBERG) - Prime Minister Najib Razak made targeted allocations to potential swing voters in the final budget before a general election, an attempt to boost disposable incomes for Malaysians facing rising living costs. Calling it the "mother of all budgets", the premier on Friday (Oct 27) offered goodies - tax cuts for the middle class 136

October 29, 2017 2:06 AM Early Iceland vote count indicates centre-right government has been ousted in election

REYKJAVIK (REUTERS) - An early vote count suggests that Icelanders, angry over a string of political scandals, ousted their centre-right government in national elections on Saturday (Oct 28). It remains uncertain, however, if the charismatic centre-left leader has gained enough support to form a new coalition. With the prospect of two new parties in Parliament 117

October 27, 2017 8:34 AM Malaysia unveils expansionary budget as polls loom; sees solid 2018 growth

KUALA LUMPUR: Malaysian Prime Minister Najib Razak announced an expansionary budget targeted at his vote bank on Friday (Oct 27), as he looks to shore up support ahead of a tough election that must be called by next August. "I stand here today ... to bring happy news that will put a smile on everyone's faces," Najib said as he delivered his budget speech 70

October 27, 2017 6:09 AM Private home prices rise by 0.7 per cent in Q3, confirming earlier signs of recovery

SINGAPORE — In a further sign of a recovery in the private home market, latest data from the Urban Redevelopment Authority (URA) showed a 0.7 per cent increase in private home prices in the third quarter of the year, confirming an uptick seen in flash estimates earlier this month. The figure released by the URA on Friday (Oct 27) is slightly higher than that given 138

October 27, 2017 1:19 AM Private home prices up 0.7% in Q3, first rise in nearly 4 years: URA

SINGAPORE: Signalling the upturn of the property market, private home prices in Singapore went up 0.7 per cent in the third quarter, rising for the first time in nearly four years, according to latest figures from the Urban Redevelopment Authority (URA) on Friday (Oct 27). The rebound compares with a 0.1 per cent decline between April and June, and is also better 116

October 26, 2017 12:55 PM Catalan leader Puigdemont set to call regional election

BARCELONA/MADRID: Catalan president Carles Puigdemont is set to call a snap regional election, political allies said, a move that could help break a one-month deadlock between the Madrid government and separatists seeking a split from Spain. The uncertainty remained high however as Puigdemont who had announced he would deliver an address at 1.30 p.m. (1130 GMT), first 61

October 26, 2017 11:31 AM Catalan leader Puigdemont to call regional election: media

BARCELONA/MADRID (Reuters) - Catalan president Carles Puigdemont is set to call a snap regional election for Dec. 20, media said on Thursday, a move that could help break a one-month deadlock between the Madrid government and separatists seeking a split from Spain. Barcelona-based La Vanguardia said Puigdemont had taken the decision in a bid to persuade 63