By Leika Kihara and Kevin Buckland TOKYO -Japan’s central bank stepped up efforts on Wednesday to keep a key bond yield below a red line, offering to buy more government …
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(This March 29 story corrects Thyssenkrupp statement in para 4 after company clarifies that facility assembles production lines for powertrains and other products rather than producing powertrains) SHANGHAI – Shanghai’s …
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NEW YORK – A closely monitored section of the U.S. Treasury yield curve inverted on Tuesday for the first time since September 2019, a reflection of market concerns that the …
- Financial News
Toyota, Honda defy parts shortage in February global production
by Reutersby ReutersTOKYO -Parts supply disruptions continued to affect Japanese automakers’ global production for February but the results released on Wednesday showed a clear contrast among them, with Toyota and Honda out …
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A look at the day ahead in markets from Dhara Ranasinghe. Whether or not you believe in the signalling power of the U.S. Treasury curve, inversion of the key 2-10 …
- Financial News
Air New Zealand to launch $1.5 billion recapitalisation as borders set to reopen
by Reutersby Reuters(Reuters) -Air New Zealand Ltd said on Wednesday it would raise NZ$2.2 billion ($1.53 billion) to shore up its pandemic-hit balance sheet and repay a government-liquidity package of NZ$2 billion …
- Financial News
Climate-related disasters pose ‘major’ growth threat in Middle East, Central Asia – IMF
by Reutersby ReutersBy Andrea Shalal WASHINGTON – The frequency and severity of climate-related disasters are rising faster in the Middle East and Central Asia than anywhere in the world, posing a “major …
- Financial News
Vietnam’s Vinfast to build $2 billion electric vehicle factory in U.S
by Reutersby ReutersBy Phuong Nguyen and Hyunjoo Jin HANOI/SAN FRANCISCO – Vietnam’s automaker VinFast said on Tuesday it has signed a preliminary deal to initially invest $2 billion to build a factory …
- Financial News
Column-Elusive bond risk premium misses its curtain call: Mike Dolan
by Reutersby ReutersBy Mike Dolan LONDON – If not now, when? Investors typically demand some added compensation for holding a security over many years to cover all the unknowables over long horizons …
- Financial News
Japan Feb retail sales post first decline in 5 months on Omicron curbs
by Reutersby ReutersBy Kantaro Komiya TOKYO – Japanese retail sales fell in February for the first time in five months, as extended COVID-19 curbs hit service sector businesses, casting doubts over the …
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ZURICH – UBS spent 3.81 billion Swiss francs ($4.10 billion) repurchasing its shares equivalent to 6.49% of its share capital in its 2021 buyback, the Swiss bank said on Wednesday. …
- Financial News
Explainer-Why an inverted yield curve may not be all bad for U.S. banks
by Reutersby ReutersBy David Henry and Michelle Price (Reuters) – The U.S. Treasury yield curve, widely watched as a barometer of the economy’s health, briefly “inverted” on Tuesday in a warning sign …
- Financial News
China $9 billion IPO plans stalled amid COVID outbreak – filings
by Reutersby ReutersSHANGHAI – More Chinese companies are halting domestic listing plans, filings show, as the country’s biggest coronavirus outbreak in two years hampers due diligence and information gathering, affecting an estimated …
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By Luc Cohen NEW YORK – A New York City man pleaded guilty on Tuesday to insider trading and tax evasion charges for purchasing securities in chemical manufacturer Ferro Corp …
- Financial News
China’s March factory activity likely shrank amid virus outbreaks – Reuters poll
by Reutersby ReutersBEIJING – China’s factory activity likely shrank in March, a Reuters poll showed, as the country imposed more mass testing and activity controls amid its worst resurgence of COVID-19 cases …
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(Reuters) -China Evergrande Group said on Wednesday it will sell its Crystal City Project in the eastern city of Hangzhou for 3.66 billion yuan ($575 million) to two state-owned firms …
- Breaking NewsMaryland NewsPolice Blotter
17 Year-Old Girl and 22 Year-Old Man Shot in Western Baltimore
BALTIMORE, MARYLAND – The Baltimore Police Department is investigating a double shooting which took place on March 29th. The incident occurred in the 1800 Block of Clifton Avenue in Western …
- Breaking NewsPennsylvania NewsPolice Blotter
Greene Township Dollar General Robbed at Gunpoint by Apologetic Suspect
GREENE TOWNSHIP, PA – The Pennsylvania State Police are investigating an armed robbery of the Dollar General located at 8948 Wattsburg Road, Greene Township, Erie County on Saturday. Police reported …
- Financial News
Analysis-Sony launches Game Pass counterattack with subscription service upgrade
by Reutersby ReutersBy Sam Nussey and Dawn Chmielewski TOKYO/LOS ANGELES -Sony Group Corp’s revamp of its PlayStation subscription service is a major step toward levelling the playing field with Microsoft’s rival Game …
- Financial News
No current talks with Tesla about potential union vote -UAW president
by Reutersby ReutersBy Joseph White and David Shepardson (Reuters) -United Auto Workers (UAW) President Ray Curry said on Tuesday he has had no discussions with Tesla or its Chief Executive Elon Musk …
- Breaking NewsPennsylvania NewsPolice Blotter
Texas Truck Driver, Accomplice Who Trafficked $5.6 Million in Drugs Through Bucks County Headed to Prison
BEDMINSTER, PA – An out-of-state couple has been sentenced to prison after trafficking more than $5.6 million worth of heroin, cocaine, and fentanyl through Bucks County. According to the Bucks …
- Police Blotter
Sex Offender Wanted Out of Pennsylvania for Multiple Warrants Arrested by U.S. Marshals
by DOJ Pressby DOJ PressYoungstown, OH – Earlier this morning, members of the Northern Ohio Violent Fugitive Task Force (NOVFTF) arrested David Springer. Springer was wanted out of Cambria County, Pennsylvania on multiple charges …
- Police Blotter
$10,000 Reward Offered for Virginia Beach Murder Suspect Cola Beale
by DOJ Pressby DOJ PressVirginia Beach, VA – The U.S. Marshals Service is offering a reward of up to $10,000 for information leading to the arrest of Cola Winborne Beale IV, 30, who is …
- Financial News
Australia’s Star Entertainment to defend class action over ‘deceptive conduct’
by Reutersby Reuters(Reuters) – Australia’s Star Entertainment Group faces a class action over allegations that it failed to comply with disclosure requirements, the company said on Wednesday, amid a public inquiry into …
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Jackson Liberty Students Bid Farewell to Beloved School Resource Officer
by Phil Stiltonby Phil StiltonJACKSON, NJ – To the students at Jackson Liberty High School, Jackson Township Police Officer John Pejoski was more than just the cop who patrolled the hallways of the building. …