Why OCBC sees an undervalued yen nearing a turning point

CNBC - Sep 28, 2026

The Japanese yen, one of the most undervalued currencies globally, is near a turning point, according to OCBC.

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Sep 28, 2026

Swiss voters reject tighter neutrality rules that would have curbed NATO cooperation

ZURICH — Swiss voters on Sunday firmly rejected a proposal to adopt a more restrictive form of neutrality that would have blocked their country from imposing economic sanctions or cooperating with NATO. All cantons and about 70 percent of voters rejected the proposal for a strictly defined version of neutrality to be written into the Swiss constitution, final results from the Federal Statistical Office showed. "This result is not a vote against neutrality. Switzerland was neutral yesterday, it is neutral today, and it will remain neutral in the future," Foreign Minister Ignazio Cassis said at a press conference following the outcome. While Swiss neutrality has been internationally recognised since the end of the Napoleonic wars in 1815, how the government implements it is not spelled out. The right-wing Swiss People's Party (SVP) has said that Switzerland's traditional position has been eroded after Bern imposed sanctions on Russia following its invasion of Ukraine. The campaign had funded posters across the country urging people to vote "No war, yes to neutrality," featuring white peac

Sep 28, 2026

Trump expects new Iran talks despite rejecting deal offer

WASHINGTON — U.S. President Donald Trump said Sunday that he expects talks with Iran to resume in the coming week, despite his rejection of a truce proposal put forward by Tehran. Iranian officials brought with them to the U.N. General Assembly in New York a plan for a seven-day truce followed by the reopening of the Strait of Hormuz shipping channel. Trump dismissed the plan and has mused on resuming full-scale air strikes on Iranian targets, but he told the news platform Axios that he expects negotiations to resume. "They want to make a deal, but it is not the deal that I want to make," Trump told Axios. "It is what we would have maybe agreed to a year ago." "They overplayed their hand," Trump said, in the interview published Sunday. Citing sources familiar with the matter, Axios reported that indirect talks between Washington and Tehran could take place as early as Monday. On Sunday, Iran was still standing by its conditions for reopening the Strait of Hormuz, leaving the Gulf front of the Middle East war locked in a stalemate, while fighting rages in Yemen. 'We will not back down' Horm

Sep 28, 2026

Trump asked China's president if he wants to buy US arms, ambassador says

WASHINGTON — President Donald Trump has justified the pending U.S. arms sale to Taiwan to Chinese President Xi Jinping by downplaying it as just one of many sales Washington makes around the world — even asking Xi if he’d be in the market for U.S. arms, Trump’s ambassador to China said on Sunday. David Perdue said Trump raised the prospect of the arms sales from the U.S. to its ascendant geopolitical rival, an unlikely offer that if consummated would upend generations of U.S. policy toward China and Taiwan and potentially expose U.S. technology to a potential foe. Perdue, speaking to Shannon Bream on “Fox News Sunday” days after Trump hosted Xi for a state visit in Washington, didn't specify when the offer was made. Bream had cited concerns from Republican and Democratic lawmakers over delayed aid packages and weapons orders to Taiwan , the self-ruled democracy, to defend itself from China’s threat to invade the island. Bream asked if the U.S. is denying Taiwan to appease the Chinese president, who visited Trump last week. Perdue pushed back on the suggestion, stating that

Sep 28, 2026

Madonna, Sabrina Carpenter and Lisa win at MTV's Video Music Awards

LOS ANGELES — Madonna and Sabrina Carpenter claimed best collaboration and K-pop superstar Lisa won best pop video as MTV kicked off its annual Video Music Awards on Sunday. "Bring Your Love" from Madonna and Carpenter earned the VMA collaboration award at the show in downtown Los Angeles. The pair had opened the ceremony with a high-energy performance of the song to the cheering crowd. Madonna, the night's top nominee, said she enjoyed working with Carpenter because their work styles complemented each other. "When I show up late, she shows up early," Madonna said, adding that both share the old-school habit of writing lyrics on pieces of paper. "It's been wonderful working with you, and I love this song," she added. Lisa, a member of the group Blackpink, won the VMA for best pop video for her solo effort "Dream." Sporting a black outfit with large white fringe sleeves, she spoke through tears as she thanked her fans, known as Lillies. "I wouldn't be here without you guys," she said as she held the VMA Moon Person trophy. "Thank you so much for your love and support." Taylor Swift was in

Sep 28, 2026

China says to cut tariffs on US farm goods, but soybeans excluded

BEIJING — China is set to cut tariffs on a broad range of US agricultural goods, from corn and wheat to meat and dairy, but top import item soybeans were excluded from a tariff-reduction list its commerce ministry issued on Monday. Markets have been waiting for news on Chinese tariff cuts on U.S. farm goods following last week's Washington summit of leaders Xi Jinping and Donald Trump. The list covers sorghum, vegetable oils and meals, including soyoil and soymeal, along with meat, dairy products and other items, the commerce ministry said. US soybeans, however, still face an additional tariff of 10%, which traders have warned is too high for private crushers to absorb, even as Chinese state buyers have stepped up purchases. Both sides have agreed to form a trade council, whose first task will be to discuss a reciprocal tariff cut on $30 billion worth of products, in a bid to ensure stable economic and trade ties. Chinese state-run agricultural companies Sinograin and COFCO have bought more than 12 million metric tons of US soybeans, nearly half the 25 million the White House has said B

Sep 28, 2026

Sep 28, 2026
Japan Cabinet approval rate rises to 45%, tops disapproval for first time in 3 months
Sep 28, 2026
Why China Is Requiring Ninth Graders to Read ‘Jane Eyre’
Sep 28, 2026
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Sep 28, 2026
Ex-Yokohama mayor to run for comeback after resigning over abuse of power
Sep 28, 2026
Virat Kohli passes 15,000 ODI runs as India beat West Indies
Sep 28, 2026
‘Still a lockdown’: Deadly floods hit Nepal tourism as peak season begins
Sep 28, 2026
Russian strikes kill eight, injure dozens across Ukraine
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A Growing North Korea Problem
Sep 28, 2026
China’s industrial profit growth slows sharply as weak demand outweighs AI boom

Why OCBC sees an undervalued yen nearing a turning point

Swiss voters reject tighter neutrality rules that would have curbed NATO cooperation

Trump expects new Iran talks despite rejecting deal offer

Trump asked China's president if he wants to buy US arms, ambassador says

Madonna, Sabrina Carpenter and Lisa win at MTV's Video Music Awards

China says to cut tariffs on US farm goods, but soybeans excluded

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