Author: Press Room

© Reuters. FILE PHOTO: Passersby are reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. REUTERS/Issei Kato/File Photo By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks inched lower on Wednesday ahead of a keenly-awaited policy decision from the Federal Reserve later in the day, while the yen was stuck near one-year lows against the dollar, keeping markets on edge for possible intervention by Tokyo. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.13% lower, starting November in a sombre mood after clocking three straight months of losses. was 2% higher. China shares…

© Reuters. In a strong opening on Wednesday, South Korean stocks mirrored Wall Street’s overnight performance, with investors showing renewed interest in tech stocks following a recent dip. The index surged 1.39% to 2,309.56 in early trading, reflecting the positive momentum. This uptick was concurrent with the rise in the US markets, where Dow Jones and rose by 0.38% and 0.48% respectively. Investors are currently focused on the Federal Reserve’s two-day policy meeting that began on Tuesday. Market participants are keenly observing Fed Chair Jerome Powell’s indications regarding potential rate hikes aimed at achieving a 2% inflation target. The speculation…

© Reuters. Investing.com– Oil prices rose slightly in Asian trade on Wednesday, recovering from their worst month in five as traders priced in a smaller risk premium from the Israel-Hamas war, with focus now turning to a Federal Reserve decision on interest rates. Markets also digested somewhat mixed industry data on U.S. oil inventories, which showed that while overall inventories grew, gasoline and distillate stockpiles fell sharply. Oil prices plummeted in recent sessions amid increasing bets that the Israel-Hamas will not meaningfully affect Middle Eastern crude flows, especially as no other Arab powers appeared to have joined the conflict.  Still,…

Joshua Hicks/iStock via Getty Images Marathon Petroleum (NYSE:MPC) is “not interested” in participating in the auction process for Citgo’s U.S. refining assets, preferring to spend on the company’s own 13 refineries, CEO Michael Hennigan said Tuesday on Marathon’s post-earnings conference call, as reported by Argus. “Refining M&A is one of the more challenging ways to create value,” Senior VP David Heppner said on the call in response to a question about the company’s interest in the Citgo auction, according to Argus. “You shouldn’t anticipate us participating in the current auction process for the Citgo assets.” Citgo, with more than 800K…

© Reuters. Investing.com– Traders remained on edge over any potential intervention in currency markets by Japanese authorities, as the yen plummeted to a one-year low after the Bank of Japan disappointed markets with only minimal changes to its yield curve control policy.  The slid 1.7% on Tuesday to 151.77- its weakest level against the dollar since late-October 2022. But the yen rose 0.2% on Wednesday morning to 151.40, recovering some ground after top currency official Masato Kanda said that the government was ready to act against “one-sided” moves in currency markets. Kanda’s comments were the latest verbal warnings from the…

Speaker Mike Johnson’s decision to force a stand-alone vote on aid for Israel, peeling off a request from the Biden administration for money from Ukraine and coupling it with spending cuts, has set up a confrontation between the House and Senate over how to fund U.S. allies during the conflicts.Mr. Johnson, the Louisiana Republican who has personally voted against sending military aid to Kyiv, released a $14 billion aid bill for Israel on Monday. It includes a provision that would rescind the same amount of money earmarked for the Internal Revenue Service as part of the Inflation Reduction Act, a…

Patrick Dai, a 21-year-old Cornell University junior, was arrested for making antisemitic threats. Dai posted online that he’d “bring an assault rifle to campus and shoot all you pig jews.”  His Tuesday arrest comes after the threats prompted days of campus-wide alert and distress among Jewish students. 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 Patrick Dai, a 21-year-old Cornell University junior, was arrested Tuesday and charged with posting death threats after prosecutors alleged he made antisemitic threats against his college peers that had…

You will die. I will, too. It sounds morbid, but it’s inevitable. Just as you prepare for life’s significant events, e.g., college, marriage, or retirement, it is equally crucial to anticipate your eventual departure and protect your loved ones from the burden of financial complications. Here are four essential questions to gauge how ready you are for death: Question 1: Do You Have A Comprehensive Estate Plan? An estate plan ensures that your assets are distributed according to your wishes. Without a will or living trust, there’s a risk that the state might decide the allocation of your assets, potentially…

Stay informed with free updatesSimply sign up to the Indian business & finance myFT Digest — delivered directly to your inbox.India is tightening transparency rules for “high risk” foreign investors, as part of the fallout from allegations of stock manipulation made by short seller Hindenburg against the Adani conglomerate this year.The securities regulator Sebi is introducing a new disclosure regime on Wednesday for foreign investors with large stakes in single stocks or corporate groups. Sebi aims to curtail foreign funds’ ability to mask the extent of their ownership through complex company structures.The regulator considers these concentrated investment vehicles “high risk”…

© Reuters. Palestinians search for casualties at the site of Israeli strikes on houses in Jabalia refugee camp in the northern Gaza Strip, October 31, 2023. REUTERS/Anas al-Shareef By Patricia Zengerle WASHINGTON (Reuters) -U.S. senators from both parties voiced doubts on Tuesday about House Republicans’ plan to provide $14.3 billion in aid to Israel by cutting Internal Revenue Service funding, without providing aid to Ukraine, and Democratic President Joe Biden threatened to veto the bill were it to pass. In the first major legislative action under new Speaker Mike Johnson, House of Representatives Republicans unveiled a standalone supplemental spending bill…