Author: Press Room

The White House warned congressional leaders on Monday that the United States would run out of money to send weapons to Ukraine by year’s end, severely jeopardizing Kyiv’s ability to defend itself against Russia if lawmakers fail to approve emergency military aid soon.The urgent warning from President Biden’s top budget official, delivered in a blunt letter, was the administration’s latest bid to pressure the Republicans resisting another infusion of aid to Ukraine to drop their opposition.It came at a critical time in the war, as Ukraine struggles to push back Russian troops in a counteroffensive that has largely stalled. President…

Most investors have probably seen the numerous headlines trumpeting the top finding from Goldman Sachs’ most recent “Hedge Fund Trend Monitor.” Hedge fund crowding is now at a record high, and many managers and investors have been riding high on that momentum for much of the year. However, while all that crowding has been working very well for some, past studies suggest that extreme crowding may mean the time for greed may be long past — replaced by a need for fear. WASHINGTON, DC – OCTOBER 10: Goldman Sachs President and Co-COO David Solomon speaks onstage at … [+] Fortune…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Pornography websites must strengthen their age verification measures and use tools such as facial scanning software and credit card checks to protect children from their content, as part of the UK’s tough new online safety regime.Ofcom, the UK’s media regulator tasked with enforcing the Online Safety Act, on Tuesday issued guidance to porn websites, forcing them to introduce stricter technical measures to ensure that their users are over the age of 18. Some websites are no more stringent than asking users whether…

© Reuters. FILE PHOTO: Passersby walk past an electric board displaying Japan’s Nikkei share average outside a brokerage in Tokyo, Japan April 18, 2023. REUTERS/Issei Kato/File Photo By Tom Westbrook SINGAPORE (Reuters) – Asian stocks slipped to three-week lows on Tuesday while bonds and the dollar steadied as investors tempered expectations for cuts to U.S. interest rates and waited on U.S. jobs data. An interest rate decision is due in Australia in the meantime, with traders all but certain the central bank will keep rates steady, leaving the focus on the outlook and tone. MSCI’s broadest index of Asia-Pacific shares…

© Reuters. SYDNEY – Nicolab International, a medtech company known for its StrokeViewer diagnostic platform, is aiming to secure a $10 million investment through a structured preference shares offering. The company has chosen Ord Minnett to facilitate this funding effort, transitioning from Morgans who previously assisted with a $15 million round in May. The seven-year-old firm has maintained a steady valuation of approximately $130 million since mid-2021 and has been a significant player in the medical technology sector. StrokeViewer, Nicolab’s cloud-native diagnostic tool, is currently utilized in 200 hospitals and has been part of the company’s growth strategy. Nicolab’s founders…

© Reuters. FILE PHOTO: An aerial view shows tugboats helping a crude oil tanker to berth at an oil terminal, off Waidiao Island in Zhoushan, Zhejiang province, China July 18, 2022. cnsphoto via REUTERS/File Photo SINGAPORE (Reuters) – Oil prices held steady on Tuesday amid uncertainty over voluntary output cuts by OPEC+ and as continued tension in the Middle East spurred supply concern. futures edged up 13 cents to $78.16 a barrel by 0106 GMT, while U.S. West Texas Intermediate crude futures were up 18 cents at $73.22 a barrel. Oil prices had declined in the previous trading session as…

Concerns have been raised regarding a research paper that suggested Hamas or an affiliated organization might have profited from short selling ahead of the Oct. 7 massacre in Israel. In an article published in Globes, Yaniv Pagot, Tel Aviv Stock Exchange EVP head of trade, called into question many assumptions made in the research paper “Trading on Terror?” published in the Social Science Research Network journal by law professors Robert J. Jackson, Jr. of NYU and Joshua Mitts of Columbia. Pagot argued that analysis exhibited a “lack of understanding” about operations of the TASE, including the denominations used to quote…

Every December seemingly has a deadline on Capitol Hill.To impeach the President.To fund the government.To avoid the fiscal cliff.To raise the debt ceiling.To approve a payroll tax cut.To pass tax reform.To allow drilling in the Arctic National Wildlife Refuge.To pass Obamacare.To undo Obamacare.But things are a little different around Capitol Hill this December.CONGRESS AIMS TO HOLD VOTE TO INITIATE BIDEN IMPEACHMENT INQUIRYThere’s no single, sweeping issue that is consuming Congress. Sure, there are lots of things to do. In fact, big things — which we’ll outline shortly. But the feeling this Christmas at the Capitol is different. No government shutdown…

Sheryl Sandberg condemned the violence perpetrated against women during Hamas’ terrorist attack on October 7 and called on the world to do the same. Sandberg was joined by a host of luminaries, including Hillary Clinton and Sen. Kirsten Gillibrand, for a UN summit on gender-based violence.Roughly 1,200 people were killed in the attack, which became the catalyst for Israel’s war in Gaza.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Former tech executive and women’s advocate Sheryl Sandberg issued a global call to action to…

Toyota’s decision to sell part of its $40bn portfolio of stakes in other companies is spurring hopes of similar action across Japan to unwind complex cross-shareholdings and improve corporate governance. Japan’s most influential industrial company is selling a stake worth close to $2bn in car parts maker Denso, lowering its stake from 24.2 per cent to 20 per cent. The stake is one of a web of interconnected equity holdings that Toyota holds across more than 35 suppliers and affiliate automakers.While Japanese companies have defended cross-shareholdings as a way to cement business relationships and rebuff hostile takeovers, many outside investors…