Author: Press Room
© Reuters. A banknote of Japanese yen is seen in this illustration picture taken June 15, 2022. REUTERS/Florence Lo/Illustration By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The spotlight currently shining on Japan’s yen, and speculation around whether Tokyo will intervene to prevent further depreciation, will likely intensify on Tuesday with traders poised to push the currency to a fresh 33-year low. Chinese President Xi Jinping’s visit to San Francisco on Tuesday for the Asia-Pacific Economic Cooperation leaders summit – where he will meet U.S. President Joe Biden…
Sen. Jon Tester, D-Mont., recently stepped away from his farm to raise money in Hollywood with a high-profile Democrat donor linked to lending discrimination allegations, which comes on the heels of the vulnerable politician also receiving fundraising help from an individual tied to corruption allegations this past summer.Tester was pictured at a Los Angeles fundraiser on November 4th after the Montana lawmaker had already raked in astronomical amounts of campaign money from the Golden State. A similar fundraiser for Tester, with many of the same hosts, took place on June 27th – the same day the Montana Democrat was challenged by heavily…
Female hand pointing on documentgetty A Texas man, Lamar “Cory” Thompson, formerly of Chicago, has been sentenced to 30 months in prison for mail fraud related to a scheme to fraudulently obtain tax refunds from the IRS. Thompson had the help of others in his scheme—only they didn’t all know it. According to court documents, from approximately June 2010 through January 2014, Thompson obtained the Social Security numbers of individuals in the Chicago area and persuaded them to get fingerprinted under the false pretense that they would be working for and with him as tax return preparers. He then used…
Stay informed with free updatesSimply sign up to the Fund management myFT Digest — delivered directly to your inbox.The rise of multi-manager hedge funds — and the pay their portfolio managers are systematically harvesting in their seemingly never-ending pod-hopping — is now such a mainstream subject that it’s made it into the Sunday Times. “Inside the super hedge funds that have Wall Street running scared,” is the headline. The article below is pretty good (it’s by Oliver Shah, so not unexpectedly) but, ironically, the top of the multi-manager/multi-strategy phenomenon may already be in. Here’s an interesting chart from a recent…
© Reuters. FILE PHOTO: Cargo ship ‘Cosco Shipping Gemini’ of Chinese shipping company ‘Cosco’ is loaded at the container terminal ‘Tollerort’ in the port in Hamburg, Germany, October 25, 2022. REUTERS/Fabian Bimmer/File Photo BRUSSELS (Reuters) – The euro zone economy contracted marginally quarter-on-quarter in the third quarter, a new estimate confirmed on Tuesday underlining expectations of a technical recession if the fourth quarter turns out equally weak, but employment still rose. The European Union’s statistics office Eurostat confirmed its estimate from Oct 31 that gross domestic product in the 20 countries sharing the euro fell 0.1% quarter-on-quarter in the July-September…
© Reuters. FILE PHOTO: A general view of Schiphol Airport in Amsterdam, Netherlands June 16, 2022. REUTERS/Piroschka van de Wouw AMSTERDAM (Reuters) – The European Union is assessing whether the Dutch government’s plans to reduce the number of flights at Amsterdam’s Schiphol airport is in line with European regulations, the EU’s transport regulations director said on Tuesday. “We are looking whether the process undertaken to come up with the decision is in line with EU law. Certainly it is an important decision which has never been done before. We are really closely following this process,” Magda Kopczynska, the Commission’s director…
3/3 © Reuters. A police officer from the NYPD Highway Patrol looks to motorists drive through a flooded street after heavy rains as the remnants of Tropical Storm Ophelia bring flooding across the mid-Atlantic and Northeast, at the FDR Drive in Manhattan near the Willia 2/3 By Timothy Gardner WASHINGTON (Reuters) – Climate change harms Americans physically, mentally and financially, often hitting those who have done the least to cause it, including Black people facing floods in the South and minorities enduring searing heat in cities, a federal report said on Tuesday. More than a dozen U.S. agencies and about…
Viper Energy prices 9M share secondary offering, announces 1M share buyback
© Reuters. Japanese Finance Minister Shunichi Suzuki arrives for a news conference during the annual meeting of the International Monetary Fund and the World Bank in Marrakech, Morocco, October 13, 2023. REUTERS/Susana Vera/File Photo By Tetsushi Kajimoto and Kaori Kaneko TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Tuesday that the government would take all possible steps necessary to respond to currency moves, repeating his usual mantra that excessive swings were undesirable. Suzuki made the remarks when asked about impacts from the weak yen on households which have been pressured by rising living costs due to higher import prices…
More than 400 political appointees and staff members representing some 40 government agencies sent a letter to President Biden on Tuesday protesting his support of Israel in its war in Gaza.The letter, part of growing internal dissent over the administration’s support of the war, calls on the president to seek an immediate cease-fire in the Gaza Strip and to push Israel to allow humanitarian aid into the territory. It is the latest of several protest letters from officials throughout the Biden administration, including three internal memos to Secretary of State Antony J. Blinken signed by dozens of State Department employees…