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Afghanistan needs medical aid as aftershock kills 5
... magnitude earthquake that struck early on Wednesday was ended by authorities in remote southeastern mountains, about 160 km southeast of Kabul, near the Pakistani border. READ MORE: Afghanistan quake kills 1,000, toll expected to rise. The Friday earthquake,... ... elaborate on why. After a long time, people have been pulled alive from the rubble of other earthquakes. Large parts of South Asia are seismically active because a tectonic plate known as the Indian plate is pushing north into the Eurasian plate. In 2015,...
Updated: 06/24/2022
Vietnam Education Services provider Nguyen Hoang Group considers $1 billion stake sale
... that the company will proceed with the planned divestment and there is no certainty that the company will proceed with the planned divestment. A Nguyen Hoang Group representative didn't respond immediately to requests for comment by phone and email. Southeast Asia's private education assets have been in high demand as private equity and other investors try to tap into the region's growing middle class. Private hospitals operator IHH Healthcare Bhd. TPG Capital has agreed to sell its education arm International ...
Updated: 06/24/2022
Astronauts, Jupiter, Mercury to line up in planetary order this week
... Atlantic Ocean to get an optimal view of the alignment. I'm going to be out there with my binoculars, looking at the east and southeast and crossing all my fingers and toes that it's going to be clear, Hannikainen said. Stargazers in the Northern Hemisphere ... ... partial solar eclipse will be visible on October 25 in Greenland, Iceland, Europe, northeastern Africa, the Middle East, western Asia, India and western China. Neither of the partial solar eclipses will be visible from North America. A total lunar eclipse ...
Updated: 06/24/2022
Afghanistan quake kills 1,000, aid hampering relief efforts
... hampering relief efforts in a country already grappling with a humanitarian crisis. The earthquake magnitude 6.1 struck about 160 km southeast of Kabul early on Wednesday, in arid mountains dotted with small settlements near the border with Pakistan. Mohammad ... ... already massive humanitarian needs they endure daily. Japan and South Korea both said they plan to send aid. Large parts of South Asia are seismically active because a tectonic plate known as the Indian plate is pushing north into the Eurasian plate. In 2015,...
Updated: 06/23/2022
Philippines raises interest rate by 25 basis points to 2.5%
... and 1.75% last week. It was the Fed 's largest increase since November 1994 in a move to curb the worst inflation the U.S. has faced in 40 years. Fed Gov. Christopher Waller said that there would be another hike of 75 basis points next month. In Southeast Asia, Bank Negara Malaysia jumped its overnight policy rate by 25 basis points to 2.00%, catching market participants and economists off guard.
Updated: 06/23/2022
Philippines raises interest rate by 25 basis point to 2.5%
... more aggressive tightening. Six of 22 economists polled by Reuters had predicted a 25 basis point increase, while 16 of 22 economists had predicted a 50 basis point jump. Indonesia's central bank is due to make an interest rate decision on Thursday. In Southeast Asia, Bank Negara Malaysia has increased its overnight policy rate by 25 basis points to 2.00%, catching market participants and economists off guard.
Updated: 06/23/2022
SE Asia markets at risk of a selloff as Fed hikes and rising inflation
As the Federal Reserve hawks posture pushes central banks in the region to hike rates aggressively, the markets in Southeast Asia are at risk of a selloff. As the Federal Reserve hawks posture pushes central banks in the region to hike rates aggressively, the markets in Southeast Asia are at risk of a selloff. The double whammy from the US rate hikes and rising domestic ...
Updated: 06/23/2022
Uber considered selling off India, sources say
... In a market that was crowded with constant driver attrition, Uber and its local rival, Ola , struggled to make a profit. A sale to a local operator could have been similar to deals it struck with Didi Global Inc. in China and Grab Holdings Ltd. in Southeast Asia, where Uber ceded the markets but kept an equity stake in the dominant local player to tap future growth. The maneuvers ended costly turf wars waged with driver incentives and cash subsidies. Uber disputed the idea that it had considered retreating ...
Updated: 06/23/2022
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