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Asian Shares Track Wall Street Losses Ahead of U.S. Inflation Data

9Aug

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Asian Shares Track Wall Street Losses Ahead of U.S. Inflation Data

(Reuters) - Asian shares fell and the dollar steadied on Wednesday as investors waited for a key U.S. report on inflation to provide hints to the Federal Reserve's plans for future monetary tightening.The Consumer Price Index (CPI) report will be released later today, with markets watching for signs that inflation eased in July despite last week's unexpectedly strong U.S. jobs numbers.MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.51%, while Japan's Nikkei extended losses from the previous day and was down 0.65%.South Korea's KOSPI lost 0.64%, Australia's AXJO dropped 0.12%, and Taiwan's TAIEX fell 0.70%."I don’t think that we are through the bear market woods yet – recession risks loom and I don’t think the Fed is done with its aggressive belt tightening," said David...

Fourth Muslim Man Murdered in New Mexico in ‘Targeted Killings’

6Aug

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Fourth Muslim Man Murdered in New Mexico in ‘Targeted Killings’

(Reuters) - Police in New Mexico and federal agencies were probing the murders of four Muslim men to determine if the killings, the latest of which happened on Friday evening, were linked while the state's governor described them as "targeted killings."Albuquerque Police Chief Harold Medina told reporters on Saturday that a "young man who is part of the Muslim community was murdered."The victim's name and the circumstances of the murder were not disclosed. In the previous three cases, the victims were ambushed and shot without warning, police said.Medina said the killing was possibly linked to the previous three murders.Police in New Mexico had said earlier that the other three Muslim men murdered in the state's largest city in the past nine months appeared to have been targeted for the...

Public health leaders say Biden administration’s monkeypox response isn’t enough

2Aug

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Public health leaders say Biden administration’s monkeypox response isn’t enough

CNN — The limited supply of monkeypox vaccines in the US has led to hours-long waits and lines that stretch for blocks, according to officials with state and local public health groups; some people with monkeypox symptoms have had to go without tests or treatments. And some have even crossed the border into Canada in search of help, the officials say. They, along with leaders of some national LGBTQ organizations, are frustrated and angry at the federal government for its “lack of urgency” about the ongoing outbreak. They say they feel abandoned by the government and want monkeypox to be declared a public health emergency now. “We are, once again, in a moment where a lack of u...

Citigroup Plans 500 Hires for New Wealth Unit

2Aug

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Citigroup Plans 500 Hires for New Wealth Unit

(Reuters) - Citigroup Inc is planning to hire 500 employees over the next three years for a new wealth division, Bloomberg News reported on Tuesday, citing an interview with the segment's global head.Naz Vahid told Bloomberg the new unit, called Wealth at Work, would cater to junior employees at private equity offices and accounting firms, betting those clients will someday join the ranks of the ultra wealthy and maintain their relationship with Citigroup.The bank did not immediately respond to a Reuters request for comment.(Reporting by Niket Nishant in Bengaluru)Copyright 2022 Thomson Reuters. Source link

Yen Recovery Continues on Lower U.S. Yields; Markets on Edge Over Pelosi

1Aug

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Yen Recovery Continues on Lower U.S. Yields; Markets on Edge Over Pelosi

HONG KONG (Reuters) - The dollar continued its decline on Tuesday, falling to its lowest in two months against the recovering Japanese yen and losing ground on other peers, as investors continued to position for a less aggressive pace of Federal Reserve interest rate hikes.Jitters about the impact of an impending visit to Taiwan by U.S. House of Representatives Speaker Nancy Pelosi were also driving some safe-haven flows to the yen, while weighing on other Asian currencies.The greenback fell as low as 130.595 yen in early trading, its lowest since June 6, and was last down 0.55%, leaving it down 4% in the past four sessions."Its the same old story with the yen being very sensitive to the gap between U.S. and Japanese government bond yields. Of course Japanese ones aren't moving because ...

No Evidence of Looming Chinese Military Action Against Taiwan, U.S. Official Says

29Jul

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No Evidence of Looming Chinese Military Action Against Taiwan, U.S. Official Says

WASHINGTON (Reuters) - White House national security spokesperson John Kirby said on Friday the U.S. has seen no evidence of looming Chinese military activity against Taiwan, when asked about a possible visit to the island by U.S. House Speaker Nancy Pelosi."(We've) seen no physical, tangible indications of anything untoward with respect to Taiwan," Kirby told reporters. Pelosi has not confirmed a potential trip to Taiwan.(Reporting by Steve Holland and Rami Ayyub)Copyright 2022 Thomson Reuters.Political Cartoons on World Leaders Source link

Lebanon Optimistic on Reaching Maritime Border Deal With Israel

29Jul

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Lebanon Optimistic on Reaching Maritime Border Deal With Israel

BEIRUT (Reuters) - Lebanese Foreign Minister Abdallah Bou Habib said on Friday there is more optimism than ever on reaching a deal to delineate the country's maritime border with Israel via U.S. mediation, according to a tweet from the ministry's account."There has never been optimism to the extent that there is today," Bou Habib said, noting that the U.S. official mediating the dispute, Amos Hochstein, would arrive in Beirut over the wekeend for talks with Lebanese officials.Lebanon and Israel are locked in U.S.-mediated negotiations to delineate a shared maritime border that would help determine which oil and gas resources belong to which country and pave the way for more exploration.Hochstein met Israeli negotiators in June and updated them on the results of a visit to Lebanon earlie...

Russia’s Lavrov Says Moscow Will Propose Time for Call With Blinken on Prisoners

29Jul

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Russia’s Lavrov Says Moscow Will Propose Time for Call With Blinken on Prisoners

TASHKENT (Reuters) -Russian Foreign Minister Sergei Lavrov said on Friday that Moscow would soon propose a time for a call with U.S. Secretary of State Antony Blinken, in which Blinken has said he wants to discuss an exchange of prisoners held in Russian and U.S. jails.Blinken said on Wednesday that Washington had made a "substantial offer" to obtain the release of U.S. basketball star Brittney Griner and former Marine Paul Whelan, both detained in Russia.A source said that Washington was willing to exchange convicted arms trafficker Viktor Bout, jailed in the United States, as part of such a deal.Blinken and Biden have not spoken since Russia invaded Ukraine on Feb. 24. Families of the U.S. detainees have been increasing pressure on President Joe Biden, most recently in the case of two...

UK Says Russia’s Wagner Allocated Responsibility for Specific Sectors of Front Line in Ukraine

29Jul

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UK Says Russia’s Wagner Allocated Responsibility for Specific Sectors of Front Line in Ukraine

(Reuters) - Russian private military firm Wagner has likely been allocated responsibility for specific sectors of the front line in eastern Ukraine, possibly as Russia is facing a major shortage of combat infantry, Britain's Ministry of Defence said in an intelligence update on Friday."This is a significant change from the previous employment of the group since 2015, when it typically undertook missions distinct from overt, large-scale regular Russian military activity," Britain said in a regular intelligence bulletin on Twitter.It also said that Wagner's forces are highly unlikely to be sufficient to make a significant difference in the trajectory of Russia's invasion of Ukraine.(Reporting by Juby Babu in Bengaluru; Editing by Kim Coghill)Political Cartoons on World Leaders Copyright 2...

After Disaster a Year Ago, Oregon Endures Oppressive Heat Once Again

29Jul

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After Disaster a Year Ago, Oregon Endures Oppressive Heat Once Again

PORTLAND, Ore. (Reuters) - The northwestern United States is enduring an extreme heat wave for the second straight summer, with this year perhaps less deadly but more prolonged.The National Weather Service issued an excessive heat warning for northwest Oregon on Thursday, with forecasts in some inland areas running as high as 110 F (43 C).Portland is likely to experience its eighth straight day of temperatures above 90 degrees this weekend, a standard that has been reached only four times on record, with three of those in the past 13 years, the Oregonian reported on Thursday."AC (air conditioning) is definitely a must now," said Jack Hogan, 28, a Portland man who has had to give up or cut short his daily sun bathing. "Once it gets over 90 (32 C), my body just starts to overheat after a ...