BEIJING (Reuters) – China needs to step up fiscal policy assistance for its economy, Vice Finance Minister Zhu Zhongming said on Friday, adding the country will move steadily on implementing …
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Police locate 4-year-old boy who got lost with dog in South Jersey woods
BUENA VISTA, NJ – It was a happy ending for police and the family of a 4-year-old boy who was reported missing in Buena Vista on Wednesday. According to the …
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Report of knife used in attack on student at Baker Park
by Jeff Jonesby Jeff JonesFREDERICK, MD – Police in Frederick have reported that a rumor circulating about a knife attack during a fight in Baker Park and Frederick High School was unfounded. “Upon further …
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Serial Fraudster Convicted of $40 Million Ponzi Scheme, SBA Loan Fraud
by Leo Canegaby Leo CanegaNew York, NY – Canton, Michigan resident Franklin Ray, a recidivist fraudster, pled guilty today to multiple counts of wire fraud, including one count of wire fraud while released under …
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Civil Forfeiture Complaint Filed for Stolen World War I-Era Documents
by Leo Canegaby Leo CanegaNEW YORK, NY – The United States Attorney for the Southern District of New York announced today the filing of a civil complaint seeking forfeiture of various World War I-era …
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By Matthew Chye SINGAPORE (Reuters) – Japan, the world’s fifth-biggest carbon dioxide (CO2) emitter, will begin a carbon pricing scheme in stages from April to encourage companies to curb emissions …
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Philippine central bank: March annual inflation likely in 7.4%-8.2% range
by Reutersby ReutersMANILA (Reuters) – Philippine annual inflation in March was expected to come in between 7.4% and 8.2%, with downward pressure seen from lower prices of petroleum and some food items, …
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South Korea data shows uneven economic recovery, suggests steady rates
by Reutersby ReutersBy Choonsik Yoo SEOUL (Reuters) -South Korea’s factory output slumped while retail sales jumped in February, data showed on Friday, signalling an uneven economic recovery and bolstering the market’s view …
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By Chen Lin SINGAPORE (Reuters) – The overseas unit of China’s biggest hotpot chain Haidilao expects to return to profit this year, after posting almost 80% year-on-year growth in revenue …
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Groping suspect sought by NYPD
by Adam Devineby Adam DevineNEW YORK, NY – Detectives are seeking the public’s help in identifying a suspect wanted for groping a 19-year-old woman in Prospect Park this week. On Sunday, an unidentified male …
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BANGKOK (Reuters) – Thailand’s economy is expected to grow by 3.6% this year, up from 2.6% last year, supported by stronger private consumption, a recovery in the tourism sector and …
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By Sinéad Carew NEW YORK (Reuters) – Stock indexes advanced on Thursday but finished below their session highs while the dollar declined as investors turned their focus to upcoming inflation …
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Business News
Australian PM says would welcome inflation-matching minimum wage rise
by Reutersby ReutersBy Lewis Jackson SYDNEY (Reuters) -Prime Minister Anthony Albanese said on Friday he would welcome lifting the minimum wage to match inflation, although his government’s submission to an independent wage-setting …
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China’s JD.com to spin off industrial, property units in $1 bn Hong Kong floats
by Reutersby ReutersBy Twinnie Siu and Scott Murdoch (Reuters) -E-commerce firm JD.com Inc is planning to spin off its property and industrial units and list them on the Hong Kong stock exchange …
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NEW DELHI (Reuters) – Air India is carving out an ambitious renaissance under the Tata Group conglomerate, which regained control last year after the airline was nationalised nearly seven decades …
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Business News
S. Korea calls for lenders’ cooperation to lower borrowing costs
by Reutersby ReutersSEOUL (Reuters) -South Korea’s top financial regulator on Friday called on the country’s major banking groups to cooperate with the government’s efforts to help cut borrowing costs for vulnerable people. …
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By Georgina Lee HONG KONG (Reuters) – Investors keen for exposure to China’s economic reopening but unwilling to wager unreservedly are turning to convertible bonds issued by Asian companies, so …
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Business News
Citigroup hires BofA Merrill’s head Andy Sieg to lead wealth unit
by Reutersby ReutersBy Lananh Nguyen and Jaiveer Shekhawat (Reuters) -Citigroup Inc hired Andy Sieg to lead its global wealth arm, the lender said on Thursday, from Bank of America Corp, where he …
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Japan regional banks can weather foreign bond losses – regulatory official
by Reutersby ReutersBy Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – Japanese regional lenders will be well able to weather even “large” losses on their foreign bond portfolios thanks to strong capital …
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Trump faces more than 30 counts over business fraud in indictment -CNN
by Reutersby Reuters(Reuters) – Former U.S. President Donald Trump faces more than 30 counts related to business fraud in an indictment by a Manhattan grand jury investigating hush money payments to a …
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By Katherine Masters NEW YORK (Reuters) – Activist shareholder platform Tulipshare is calling on Nike to offer more transparency on working conditions in its supply chain. In a shareholder proposal …
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RBA to hike rates 25 bps on April 4 but decision on a knife edge- Reuters Poll
by Reutersby ReutersBy Shaloo Shrivastava BENGALURU (Reuters) – Australia’s central bank is expected to go for a final 25 basis point interest rate hike to 3.85% on Tuesday, although forecasts from economists …
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How a massive options trade by a JP Morgan fund can move markets
by Reutersby ReutersBy Saqib Iqbal Ahmed (Reuters) -A nearly $15 billion JP Morgan fund is expected to reset its options positions on Friday, potentially adding to equity volatility at the end of …
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LONDON (Reuters) – British businesses were their most confident this month since May 2022 and pricing expectations, which are being watched by the Bank of England as it grapples with …
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By Joey Roulette (Reuters) -Rocket maker Virgin Orbit Holdings on Thursday said it was laying off about 85% of staff because it had not been able to raise new investment. …