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SEOUL, Aug 18 (Reuters) – South Korean President Lee Jae Myung called on Tuesday for stronger independent defence capabilities, while saying annual civil-defence exercises coinciding with joint U.S.-South Korea military drills were defensive and not intended to threaten North Korea. The remarks came after U.S. President Donald Trump instructed the Pentagon to “substantially reduce” the joint military exercises with South Korea, and said North Korean leader Kim Jong Un had […]

By Ankur Banerjee SINGAPORE, Aug 18 (Reuters) – The U.S. dollar held near multi-month lows against most major currencies on Tuesday as traders walked back expectations of near-term monetary tightening, although the imminent threat of an escalation in the Middle East war left sentiment fragile. The euro fetched $1.1581 in early Asian hours, not far from the two-month high of $1.1614 it touched on Monday. Sterling was at $1.3548, just […]

By Kanishka Singh WASHINGTON, Aug 17 (Reuters) – A U.S. judge ordered on Monday the release of a Kentucky woman who was accused of vandalism at the World War Two Memorial ‌in Washington last week, court records showed. U.S. Attorney Jeanine Pirro, the top federal prosecutor in Washington, criticized the order that led to the release of the woman, Melissa Farris, 41, who was taken ​into custody last week and […]

BEIJING, Aug 18 (Reuters) – China on Tuesday lowered national flags at government headquarters to mourn former Premier Zhu Rongji, the no-nonsense reformer who died last week at the age of 97, as the public reminisced about a bygone era while reflecting on his complicated legacy. Security was tightened across the city, particularly around Tiananmen Square, the centre of China’s political power. The square lies along the eastbound route to […]

SAO PAULO (AP) — Brazil’s President Luiz Inácio Lula da Silva said on Monday that oil drilling in northern and northeastern coastal regions could be “a passport to the country’s future” after visiting a Petrobras offshore drilling vessel following a find announced last week near the mouth of the Amazon River. Petrobras, Brazil’s majority state-owned corporation, said on Friday that it had detected hydrocarbons during exploratory drilling about 180 kilometers […]

A U.S. judge on Monday blocked plans to move the FBI’s headquarters to a federal office building in Washington, finding that President Donald Trump’s administration illegally tossed out a previously approved plan to build a new facility nearby in Maryland. The ruling is the latest development in a yearslong battle over where to house the main office for the nation’s premier law enforcement agency. A site in Greenbelt, Maryland, was […]

By Nilutpal Timsina LUSAKA, Aug 18 (Reuters) – After restructuring Zambia’s debt in his first term, Hakainde Hichilema says there is more work to be done in his second and wants to double the size of the economy, create more jobs and expand opportunities for households. The 64-year-old won a second term on Tuesday with roughly 60% of the vote, defeating his main challenger Brian Mundubile after campaigning on a […]

Aug 18 (Reuters) – Australian investment manager EQT Holdings said on Tuesday it had received a takeover proposal from U.S.-based brokerage firm TPG Global, LLC, valuing the company at A$657.8 million ($467.63 million). Here are more details: • The bid is at an indicative price of A$24.55 per share in cash, representing a 41.8% premium to EQT’s closing price on Monday. • TPG has requested a period of exclusivity to […]

By Nelson Bocanegra and Luis Jaime Acosta BOGOTA, Aug 17 (Reuters) – The economic losses from a powerful earthquake that struck Colombia last week are expected to reach 30 trillion pesos ($9.58 billion), Colombia’s President Abelardo De La Espriella said on Monday. De La Espriella said the impact included roughly 24.5 trillion pesos in buildings and 5.5 trillion pesos in infrastructure. “Just imagine the scale of the disaster,” De La […]