News

Gold near 2-week low ahead of CME increase in margins
​Gold extended its fall on Monday with increases in CME precious metals margin requirements set to take effect on session close weighing on prices, while investors gauged US President Donald Trump's Fed chair pick Kevin Warsh's approach to rate cuts.

Iguanas fall from trees in Florida as icy weather bites southern US
WASHINGTON - Iguanas stunned by cold temperatures dropped from trees in usually balmy Florida on Sunday as icy conditions blasted southern US states, dumping nearly a half-meter of snow in some areas and whipping up high winds that caused traffic chaos.

Nearly 1,800 Chinese among thousands held in huge Cambodian raid on scam compound
Cambodia has carried out a massive raid on scammer gangs, detaining more than 2,000 people amid pressure from China to crack down on its online fraud industry.

Dismembered corpse: 2 Russians arrested
CHON BURI - Police on Sunday arrested two Russian men suspected of murdering a compatriot, dismembering the body and burying the parts in Bang Lamung district.

Trump says closing Kennedy Center arts complex for two years
WASHINGTON (UNITED STATES) - US President Donald Trump announced Sunday he is closing the Kennedy Center arts complex in Washington for two years, beginning on July 4 -- the nation's 250th anniversary -- for a thorough renovation.

Instant commerce reshaping Thai retail
The rapid emergence of instant commerce in Thailand, a retail evolution defined by delivery within a few hours, will become the new battlefield for on-demand players and e-commerce platforms, say brands.

Eden Estate plans B2.4bn Bang Na sports club
Eden Estate Corporation, a property developer owned by a granddaughter of Thailand's richest tycoon Dhanin Chearavanont, plans to invest 2.4 billion baht to develop a private sports club in the Bang Na area, targeting to break even within seven years.

New fund may finance electric rail lines
The State Enterprise Policy Office (Sepo) is studying guidelines for establishing a 200-billion-baht Thailand Future Fund to acquire all electric railway projects in Bangkok and surrounding areas, bringing them under state ownership.

Parties court small businesses with pledges
Business associations called on political parties to enhance support for small retail operators by streamlining the certificate application process and implementing tax reforms.

Merkle sees continued fervour for gold
Heightened geopolitical tensions are reshaping global capital flows, with gold remaining the preferred safe haven, while cryptocurrencies continue to trade like high-risk technology stocks rather than defensive assets, says digital asset fund manager Merkle Capital.