Author: Press Room

© Reuters. A man is reflected on a sign outside a branch of Sumitomo Mitsui Banking Corporation in Tokyo November 13, 2014. REUTERS/Toru Hanai/File Photo TOKYO (Reuters) -Japan’s Sumitomo Mitsui (NYSE:) Financial Group said on Thursday it has appointed Deputy President and Executive Officer Toru Nakashima as its group CEO following the death of its previous head, Jun Ohta, last week. Nakashima’s appointment will take effect on Friday, Japan’s second-biggest lender said in a statement. Nakashima, 60, joined then-Sumitomo Bank in 1986 and had been Ohta’s deputy since April. Ohta died of pancreatic cancer aged 65 on Saturday, the company…

This modification exercises options to provide continued recurring sustainment, program management, propulsion integration, engineering, material management, configuration management, software sustainment, security management, equipment management, product management support activities, and spare replenishments.Additionally, this modification provides for continued joint technical data updates, training, and depot level maintenance and repair for all fielded propulsion systems at the F-35 production sites and operational locations for the Navy, Marine Corps, Air Force, non-U.S. Department of Defense partners, and Foreign Military Sales customers.The work is expected to be completed in May 2024.

The DuPont Co. and two spin-off firms will pay $110 million to the state of Ohio to settle a lawsuit over environmental threats from toxic chemicals used at a former DuPont facility in neighboring West Virginia, the companies said Wednesday.The settlement involving DuPont, the Chemours Co. and Corteva Inc. resolves Ohio’s claims relating to releases of manmade, fluorinated compounds known as PFAS. It also resolves claims relating to the manufacture and sale of PFAS-containing products and claims related to firefighting foam containing PFAS.The compounds, which are associated with an increased risk of certain cancers and other health problems, are often…

Berkshire Hathaway’s Warren Buffett (L) and Charlie Munger.JOHANNES EISELE/AFP via Getty Images The Bank of Japan’s balance sheet has long since topped the size of the nation’s $4.7 trillion economy. But whether officials feel ready to exit quantitative easing may hinge on a much smaller figure: $71 billion. That’s how much Governor Kazuo Ueda’s team racked up in losses on bond holdings in the six months to September, a record amount. To be sure, these are unrealized paper losses. But being ¥10.5 trillion in the red in just 182 days is nothing to dismiss. In fact, it could very well…

As world leaders meet in Dubai for COP28, success will depend on whether there is a global agreement to dump all fossil fuels.

2/2 © Reuters. FILE PHOTO: The Federal Reserve building is seen in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts 2/2 By Naomi Rovnick LONDON (Reuters) – November has shaped up to be a fairytale month for equities, with the festive Santa rally investors traditionally hope for coming early as traders bet on a Goldilocks scenario of inflation falling and central banks lowering interest rates. MSCI’s world stock index is set to close the month up around 9%, its best performance since November 2020, when markets cheered the arrival of COVID-19 vaccines. Easing inflation has boosted talk that the U.S. Federal…

© Reuters. Japan stocks higher at close of trade; Nikkei 225 up 0.43% Investing.com – Japan stocks were higher after the close on Thursday, as gains in the , and sectors led shares higher. At the close in Tokyo, the added 0.43%. The best performers of the session on the were Advantest Corp. (TYO:), which rose 4.32% or 194.00 points to trade at 4,681.00 at the close. Meanwhile, NEC Corp. (TYO:) added 3.95% or 313.00 points to end at 8,240.00 and Kawasaki Kisen Kaisha, Ltd. (TYO:) was up 3.24% or 163.00 points to 5,189.00 in late trade. The worst performers…

© Reuters. Investing.com– Gold prices fell slightly on Thursday as a recent rally in the yellow metal appeared to have paused, as markets awaited more cues on U.S. monetary policy from a key inflation reading due later in the day.  But the prices of the yellow metal remained close to a seven-month peak hit earlier this week, as expectations of a less hawkish Federal Reserve, a weaker and some increased safe haven demand spurred strong gains in November.  fell 0.1% to $2,042.10 an ounce, while expiring in December fell 0.2% to $2,044.10 an ounce by 00:41 ET (05:41 GMT). Both…

BNY Mellon Strategic Municipals declares $0.019 dividend

© Reuters. Investing.com– Most Asian currencies kept to a tight range on Thursday tracking weak economic signals from China, while the dollar steadied from recent losses as markets awaited a key inflation reading due later in the day. The strengthened slightly after a stronger midpoint fix from the People’s Bank of China. But purchasing managers index data showed a sustained decline in , as China’s biggest economic engines struggled with worsening overseas demand. The reading highlighted continued weakness in the Chinese economy, as a post-COVID rebound failed to materialize. But steady PBOC support, coupled with a less hawkish outlook for…