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At least 13 people – including seven children – have died in an unprecedented spate of landslides across Malaysia’s Sabah as heavy rain batters its western coast in the deadliest storms to hit the state in nearly 30 years.Nearly 90 incidents of landslides, flash flooding and road collapses have been reported over the past week, according to state authorities, as residents brace for worse to come after the Malaysian Meteorological Department issued a fresh storm warning on Tuesday.The death toll is the highest from a single weather event in Sabah since the 1996 floods that killed over 200 people and…

The rout in China’s bond market is expected to drag on as investors take on more risk and rotate out of fixed income products in search of better alternatives amid low interest rates.The shift to stocks from bonds is even more notable, given China’s sluggish economic data and a persistent deflationary trend, as investors seek greater returns, according to brokerages including Zhongtai Securities. Bonds are typically seen as safe-haven assets that can be used to hedge against weak growth.It is not difficult to determine why investors are flocking to stocks. A fixed-income sell-off has driven up the return on the…

The rout in China’s bond market is expected to drag on as investors take on more risk and rotate out of fixed income products in search of better alternatives amid low interest rates.The shift to stocks from bonds is even more notable, given China’s sluggish economic data and a persistent deflationary trend, as investors seek greater returns, according to brokerages including Zhongtai Securities. Bonds are typically seen as safe-haven assets that can be used to hedge against weak growth.It is not difficult to determine why investors are flocking to stocks. A fixed-income sell-off has driven up the return on the…

China’s coastguard says a Philippine ship deliberately collided with one of its vessels in a confrontation near the disputed Scarborough Shoal on Tuesday, as tensions escalate in the South China Sea.The coastguard used water cannons and other “control measures” against the Philippine vessels it said were conducting “illegal activities” in the area.It is the latest flare-up between the rival claimants to the atoll – known as Huangyan Island in China and Panatag Shoal in the Philippines – and comes days after Beijing announced a plan to create a nature reserve there. Manila cries foul over Beijing’s nature reserve plan in…

In Seoul, alarm bells are ringing. Washington is demanding an eye-watering US$350 billion in direct investment, a sum so vast that economists warn it could tip South Korea into a crisis unseen in its modern history.US Commerce Secretary Howard Lutnick bluntly asserted last week that South Korea must accept the deal or face higher tariffs – pointing out that Japan had already agreed to similar terms.Under a framework agreement reached in July, the United States offered to reduce proposed tariffs on South Korean imports from 25 per cent to 15 per cent, but only if Seoul pledged to invest the…

In Seoul, alarm bells are ringing. Washington is demanding an eye-watering US$350 billion in direct investment, a sum so vast that economists warn it could tip South Korea into a crisis unseen in its modern history.US Commerce Secretary Howard Lutnick bluntly asserted last week that South Korea must accept the deal or face higher tariffs – pointing out that Japan had already agreed to similar terms.Under a framework agreement reached in July, the United States offered to reduce proposed tariffs on South Korean imports from 25 per cent to 15 per cent, but only if Seoul pledged to invest the…

U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng pose during U.S.-China trade and economic talks at Santa Cruz Palace, Spain’s main foreign ministry office, in Madrid, Spain, September 14, 2025. United States Treasury | Via ReutersLONDON — European stocks lacked direction ahead of the open on Tuesday, as investors assess developments in the U.S.-China trade talks.The U.K.’s FTSE index and Germany’s DAX are both expected to open just a touch higher, France’s CAC 40 slightly lower and Italy’s FTSE MIB is seen opening 0.11% lower, according to data from IG.Global markets are keeping a close eye on talks…

The Pakistani rupee maintained its positive momentum against the US dollar, appreciating 0.07% during Tuesday’s opening hours of trading in the inter-bank market. At 10am, the currency was hovering at 281.33, a gain of Re0.19 against the greenback. On Monday, the local unit closed at 281.52. Globally, the US dollar traded near a 2-1/2 month low against the euro and close to a 10-month trough versus the risk-sensitive Aussie on Tuesday as investors cemented bets for a Federal Reserve interest rate cut this week and more to follow. The greenback traded just shy of a more than two-month low against…

The Pakistan Stock Exchange (PSX) witnessed strong early trade on Tuesday, with the benchmark KSE-100 Index surging nearly 950 points as investor sentiment remained upbeat amid supportive market cues. At 10:05am, the benchmark index was hovering at 156,333.45, an increase of 948.95 points or 0.61%. Buying interest was observed in key sectors including automobile assemblers, commercial banks, cement, fertiliser, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks, including ARL, HUBCO, MARI, OGDC, PPL, POL, PSO, SNGPL, SSGC, DGKC, HBL, MCB, MEBL and UBL, traded in the green. As widely anticipated, the Monetary Policy Committee (MPC) of…

KYIV, Ukraine (AP) — Russian forces bombarded the southern Ukrainian city of Zaporizhzhia with rockets overnight, wounding 13 people, including two children, officials said Tuesday, as President Volodymyr Zelenskyy urged European leaders to make the continent safe by building an ambitious air defense umbrella.With the war grinding on since Russia’s full-scale invasion of its neighbor more than 3½ years ago, there has been no let-up in Russian strikes on civilian areas of Ukraine and its army’s push on the roughly 1,000-kilometer (620-mile) front line.A peace settlement appears to be no closer despite months of U.S.-led peace efforts. U.S. President Donald…