Global Cargo Market Sags As Softer Economy Points To Gloomy Christmas
Global trade bellwethers like FedEx and Cathay Pacific Airways have cast a pall over the year-end holiday shopping season - the business slowdown they're seeing points to weaker-than-expected consumer demand, not a Christmas bonanza.
Gambling Giant Macau Opens Bids From Seven Casinos, Genting A Wildcard
Macau's government opened bids on Friday from seven companies, including a wildcard from Malaysian operator Genting, for licenses to operate casinos in the world's biggest gambling hub, kicking off a closely watched battle for six available slots.
With Charles King, His Prince's Trust Youth Charity Goes On
A British youth charity set up by the then Prince Charles in the 1970s that has helped a million young people, including actor Idris Elba, to get training, find work or create community projects will continue to operate now he is monarch.
China's Top Legislator Urges Cooperation With S.Korea On Supply Chains
China's top legislator, Li Zhanshu, called on Friday for more cooperation with South Korea on cutting-edge technologies and supply chain issues.
Warburg Eyes 30% Stake In Indian Shadow Bank Vistaar For $150 Million - Sources
New York-based private equity firm Warburg Pincus LLC is in talks to invest around $150 million in Indian small-business lender Vistaar Finance, two sources familiar with the matter told Reuters, marking its latest bet in a booming lending market.
Analysis-'Temporary' Disappears As BOJ Contemplates Accelerating Inflation
Something has gone missing from Bank of Japan statements about elevated inflation: the word "temporary".
G7 Could Give FX More Attention: Mike Dolan
Japan may seem like a lonely voice in the Group of Seven pleading for some currency calm, but the rest may be taking more notice than first appears.
Adobe To Buy Figma In $20 Billion Bid On Future Of Work That Spooks Investors
Adobe Inc agreed on Thursday to acquire cloud-based designer platform Figma for $20 billion, sparking investor concerns about the rich price tag that led to a drop of more than $30 billion in the market value of the Photoshop maker.
Analysis-'It's A Car With Broken Brakes': Investors See Unrelenting Yen Descent
Japan's threats of currency intervention might slow but not stop the yen from hurtling towards three-decade lows before the year end, market analysts and fund managers say.
Dealmakers, Investors Descend On Singapore For High-profile Conferences
Dealmakers, fund managers and CEOs are flocking to Singapore for a slew of high-profile conferences this month, as the city-state burnishes its credentials as a major global financial centre.
Analysis-U.S. SEC Draft Rules Could Boost Resilience Of $24 Trillion Treasury Market
Proposed rules by the U.S. Securities and Exchange Commission (SEC) to boost central clearing in Treasuries could help to shore up resiliency in the $24 trillion market and may pave the way for more trading that bypasses the large banks that have traditionally dominated the market.
U.S. SEC's Crypto Guidelines Push Up Costs For Lenders, Disrupting Projects
Banks' cryptocurrency projects have been upended by U.S.
Oil Ticks Up On Correction, On Track For Weekly Loss On Recession Fears
Oil prices edged higher on Friday but were on track for a weekly decline amid fears of sharp interest rate hikes that would slam global growth and hit fuel demand.
Sri Lanka's Crisis Pushes War-shattered Tamils To The Brink
Under a blazing sun, a 44-year-old Tamil labourer tended his rented patch of peanut field in Sri Lanka, striking his spade against the earth in a daily struggle to beat inflation that has put many necessities out of reach.
Biden Set To Talk Ukraine, Russia With S.Africa's Ramaphosa
President Joe Biden will discuss efforts to end the war in Ukraine with South Africa's Cyril Ramaphosa, who has avoided condemning Russia, when the two leaders meet at the White House on Friday, according to a U.S.
Australia's Central Bank Says Closer To Normalising Rates, Hints At 2.5-3.5% Range
Australia's top central banker on Friday said interest rates are closer to normalisation after a successive run of outsized hikes, although he warned rates are still low, hinting a range of 2.5%-3.5% would be appropriate depending on economic cycles.
Dollar Holds Ground Ahead Of Fed, Yuan Under Pressure
The dollar eased from multi-year highs on Friday after a strong rally earlier in the week, though expectations that the Federal Reserve would need to hike more to keep inflation in check sent Treasury yields higher and kept the greenback in demand.
Consumer Group Says Drugmakers Abuse U.S. Patent System To Keep Prices High
Makers of the top selling drugs in the United States are costing patients billions of dollars and worsening a drug pricing crisis by abusing the U.S.
Princess Catherine, The Commoner Who Is Key To British Monarchy
Kate Middleton, wife of the new heir to the throne Prince William, has grown from a commoner who captivated the future monarch to the beating heart of the British royal family, as it faces a future without the beloved queen at its helm.
Biden Says Haters Won't Have 'Last Word'; Wants To End Social Media Immunity
U.S. President Joe Biden called on Americans to speak out against racism and extremism during a summit at the White House on Thursday, and said he would ask Congress to do more to hold social media companies accountable for spreading hate.
WHO 'Strongly Advises Against' Use Of Two COVID Treatments
Two COVID-19 antibody therapies are no longer recommended by the World Health Organization (WHO), on the basis that Omicron and the variant's latest offshoots have likely rendered them obsolete.
Judge Proposed By Trump Named To Vet Records Seized By FBI
A senior federal judge with experience handling U.S.
U.S. Railroad Worker Fight For Pay, Benefits Could Be Model For Other Deals
Union railworkers in the United States scored a potential key victory in their fight for improved pay and working conditions on Thursday in what could be a model for other unions.
U.S. Imposes Sanctions On Supporters Of Russia's Invasion Of Ukraine
The United States on Thursday imposed fresh sanctions to punish those supporting Russia's invasion of Ukraine, targeting people and entities it accused of helping Moscow skirt financial sanctions, steal Ukrainian grain and violate human rights.
Ukraine Says Mass Grave Found In Izium Where Russians Ousted Days Ago
Ukrainian authorities found a mass grave of more than 440 bodies in the northeastern town of Izium that was recaptured from Russian forces days ago, a regional police official said, adding some of the people had been killed by shelling and air strikes.
Climate Change Likely Made Pakistan's Extreme Rainfall More Intense -study
The torrential monsoon that has submerged more than a third of Pakistan was a one in a hundred-year event likely made more intense by climate change, scientists said on Thursday.
U.S. Energy Chief Granholm Meets With New England Governors On Fuel Supplies
U.S. Energy Secretary Jennifer Granholm met with the governors of six states in the U.S.
U.S. Senate Fails To Coalesce Behind Gay Marriage Bill, Talks To Continue
A bipartisan group of U.S. senators on Thursday decided to put off until after the Nov.
Star Alliance Wants Half Its Airline Members To Use Biometrics By 2025
Star Alliance, the world's largest airline alliance, wants roughly half its 26 members to use biometrics technology by 2025, as passenger demand grows for contactless travel and less airport congestion after COVID-19.
Monte Dei Paschi Investors Back Latest Cash Call In Stormy Markets
Shareholders in Monte dei Paschi di Siena (MPS) on Thursday approved a new share sale for up to 2.5 billion euros ($2.5 billion), while doubts linger on whether the state-owned bank can pull off its latest cash call.