NEW YORK/LONDON : The dollar drifted higher on Thursday as a mixed batch of U.S. data did little to shake views that the economy is still on solid ground, suggesting the Federal Reserve will likely delay the timing of its first rate cut since 2020 to later this year.Comments from New York Fed President John Williams saying he does not “feel the urgency to cut interest rates,” given the strength of the economy also helped…

Singapore

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SINGAPORE: A 45-year-old man was arrested on Wednesday (Apr 17) for suspected drug trafficking, with an estimated $286,000 (US$210,000) worth of drugs seized during the operation. The haul comprised about 2,682g of heroin, 20g of Ecstasy, 10g of Ice, 10g of cannabis and two Erimin-5 tablets, the Central Narcotics Bureau (CNB) said on Thursday. …

NEW YORK: Witnesses at a US Senate hearing on Boeing drew a disturbing picture on Wednesday (Apr 17) of an aviation giant that blows off safety questions and sidelines critics as it chases faster production and bigger profits. “The attitude from Boeing from the highest level is just to push…

Business

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TOKYO: Japanese banks have improved their resilience to rising interest rates by rebalancing domestic bond portfolios but growing real estate exposure poses a potential risk, the Bank of Japan said in its report on the financial system on Thursday (Apr 18). The BOJ’s latest analysis of risks in the financial…

Lifestyle

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One of his favourite accommodations is The Capitol Hotel Tokyu. The original hotel has an illustrious history. It was built in 1963 as Japan’s first foreign-affiliated hotel (then, as Tokyo Hilton Hotel) and hosted many dignitaries. The new building was completed in 2010 and rebranded as The Capitol Hotel Tokyu,…