By Xinghui Kok
SINGAPORE (Reuters) -The brother of former Singapore Prime Minister Lee Hsien Loong has been ordered by a court to pay S$400,000 ($296,000) to two government ministers in a defamation suit, according to a written judgment published on Friday.
Lee Hsien Yang, the estranged younger brother of the former prime minister, made defamatory allegations against the two ministers "of the gravest kind", wrote Justice Goh Yihan.
... (continue reading...)MANILA (Reuters) - The situation in the Taiwan Strait, where China has carried out military exercises, is an "internal matter," Philippine Defence Secretary Gilberto Teodoro said on Friday, declining to comment on drills that Taiwan has condemned.
China's military conducted a second day of war games around Taiwan on Friday, with drills to test its ability to "seize power" and control key areas. Beijing has said the exercises were launched to punish... (continue reading...)
By Summer Zhen and Xie Yu
HONG KONG (Reuters) - Japanese stocks were in focus at a hedge fund conference this week, accounting for most of the top Asia investment ideas as asset managers highlighted Japan Inc's efforts to improve capital efficiency as well as the record run for Tokyo shares.
At the annual Sohn Hong Kong Investment Leaders Conference which invites 14 funds to pitch their top investment ideas, Japanese companies in... (continue reading...)
(Reuters) -British fund manager abrdn said on Friday CEO Stephen Bird will step down after four years in the role, and finance chief Jason Windsor will take the helm on an interim basis.
Following a significant strategic repositioning of the company, the board and Bird agreed that it is time for the executive "to hand over the reins to the team he has assembled over the last four years to drive the business forward," abrdn said in a statement.
... (continue reading...)(Reuters) - British retail sales slid in April by more than any economist predicted, as wet weather kept shoppers away from clothing retailers and sports stores, the Office for National Statistics said on Friday.
Sales volumes dropped by 2.3% in April alone after a 0.2% fall in March, which was downwardly revised from a flat reading.
A Reuters poll of economists had pointed to a drop of around 0.4% on the month.
"Sales... (continue reading...)
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