Latest news with #TyroneSiu
Express Tribune
20 minutes ago
- Climate
- Express Tribune
Typhoon Wipha prompts top storm warning in Hong Kong
Listen to article Hong Kong issued its highest storm warning on Sunday as Typhoon Wipha, packing winds of more than 167 kilometres (103 miles) per hour, brought heavy rain and wind across the territory, forcing the cancellation of more than 200 flights. The city's weather observatory raised its storm signal to No. 10 at 9:20 a.m. (0120 GMT) and said it expected it to remain at that level "for some time". A woman braves strong winds as Typhoon Wipha approaches, in Hong Kong, China, July 20, 2025. REUTERS/Tyrone Siu Wipha will skirt around 50 km to the south of the observatory, the warning showed. Workers brave strong winds as Typhoon Wipha approaches, in Hong Kong, China, July 20, 2025. REUTERS/Tyrone Siu Hurricane-force wind is affecting the southern part of Hong Kong, the observatory said. Cathay Pacific Airways cancelled all of its flights arriving or departing Hong Kong airport between 5 a.m. and 6 p.m. on Sunday. It waived ticket change fees and made arrangements for customers to re-book. A taxi drives past debris as Typhoon Wipha approaches, in Hong Kong, China, July 20, 2025. REUTERS/Tyrone Siu Most public transport was suspended on Sunday, including ferries amid high sea swells. A man struggles with an umbrella while walking against strong wind, as Typhoon Wipha approaches, in Hong Kong, China, July 20, 2025. REUTERS/Tyrone Siu
Straits Times
a day ago
- Business
- Straits Times
Trump says BRICS would end quickly if they ever form in a meaningful way
FILE PHOTO: An attendant stands next to South African, Indian, Russian, Brazilian and Chinese flags during a plenary session of BRICS Summit, in Xiamen, China September 4, 2017. REUTERS/Tyrone Siu/File Photo WASHINGTON - U.S. President Donald Trump on Friday repeated his threat to slap a 10% tariff on imports from members of the BRICS group of developing nations and said the group would end very quickly if they ever formed in a meaningful way. "When I heard about this group from BRICS, six countries, basically, I hit them very, very hard. And if they ever really form in a meaningful way, it will end very quickly," Trump said without naming the countries. "We can never let anyone play games with us." Trump also said he was committed to preserving the dollar's global status as a reserve currency and pledged to never allow the creation of a central bank digital currency in America. Trump announced the new tariff on July 6, saying it would apply to any countries aligning themselves with what he called the "Anti-American policies" of the BRICS group. With forums such as the G7 and G20 groups of major economies hamstrung by divisions and the disruptive "America First" approach of the U.S. president, the BRICS group is presenting itself as a haven for multilateral diplomacy. Since issuing the threat, Trump has repeatedly claimed without evidence that the group was set up to hurt the United States and the dollar's role as the world's reserve currency. BRICS leaders have rejected the claim that the group is anti-American. Top stories Swipe. Select. Stay informed. Singapore Critical infrastructure in S'pore under attack by cyber espionage group: Shanmugam Singapore What is UNC3886, the group that attacked Singapore's critical information infrastructure? Singapore Alleged Kpod peddler filmed trying to flee raid in Bishan charged with 6 offences Asia Indonesia court jails former trade minister for 4½ years in sugar graft case Singapore Singapore police in contact with Indonesian authorities over baby trafficking allegations Singapore NTU upholds zero grade for student accused of using AI in essay; panel found 14 false citations or data Singapore 7-year-old girl, cabby taken to hospital after vehicle pile-up in City Hall area Singapore Former NUH male nurse charged after he allegedly molested man at hospital Brazil in February nixed plans to push for a common currency during its presidency this year, but the group is advancing work on a cross-border payment system known as BRICS Pay that would facilitate trade and financial transactions in local currencies. The BRICS group expanded last year beyond Brazil, Russia, India, China and South Africa to include members such as Iran and Indonesia. Leaders at the group's summit in Brazil voiced indirect criticism of U.S. military and trade policies. Trump has also taken aim at Brazil specifically, announcing a 50% tariff rate on its imports, starting in August, and launching a separate investigation into what Washington called Brazil's "unfair" trading practices. REUTERS
The Standard
5 days ago
- General
- The Standard
Hong Kong leader backs same-sex couples' rights bill
FILE PHOTO: A participant holds a rainbow umbrella at a lesbian, gay, bisexual and transgender (LGBT) Pride Parade in Hong Kong November 8, 2014. REUTERS/Tyrone Siu/File Photo
BusinessToday
10-07-2025
- Business
- BusinessToday
Japan Retail Shareholders Hit Record 83.6 Million Amid NISA Expansion
Japanese imports of seafood are seen in a supermarket in Hong Kong, China August 24, 2023. REUTERS/Tyrone Siu The number of individual shareholdings in Japan surged 12% to a record 83.6 million in the last fiscal year, driven by an expanded tax-free savings programme and increasing opportunities for smaller-scale investments. According to Japan Exchange Group Inc (JPX), the operator of the nation's major stock exchanges, this marks the largest annual increase, 9.14 million new shareholdings since the data series began in 1949. The rise comes amid growing interest in retail investing, supported by the expansion of Nippon Individual Savings Accounts (NISA) and stock splits by listed companies. JPX noted that share divisions by firms such as Mitsubishi Heavy Industries Ltd and Hitachi Ltd contributed to a 2.7 million increase in new shareholders. Retail investors now hold 17.3% of the total value of Japanese shares. In comparison, foreign investors' share rose to a record 32.4% for the second consecutive year. Meanwhile, corporate shareholding declined for the fifth straight year to a historic low of 18.7%, as companies continue to unwind cross-shareholdings in line with corporate governance reforms. Despite the surge in retail participation, the total value of individual investors' holdings fell 4% to ¥164 trillion (US$1.14 trillion or RM4.80 trillion), in line with the broader market performance. The Topix Index ended the fiscal year down 4%. It's the worst showing since FY2018/2019, after sharp declines in August and March due to US economic concerns, yen strength and tariff-related jitters. Bloomberg Related
The Standard
10-07-2025
- Business
- The Standard
Hong Kong stocks slide on tech and property selloff
A woman walks past a screen displaying the Hang Seng Index at Central district, in Hong Kong, China. REUTERS/Tyrone Siu
