Lavish $2M Mediterranean estate hits the market in Toms River comes complete with urban legend tied to Derek Jeter
Toms River, NJ – A sprawling Mediterranean-inspired mansion, long rumored to have ties to New York Yankees legend Derek Jeter, is on the market in Toms River with a $1.99 million price…
Philadelphia Credit Card Fraudsters Used Over 200,000 Illegal Cards Tied to Russia, Ukraine Black Market
PHILADELPHIA, PA – The Department of Justice has announced global credit card fraudsters Malan Doumbia, 38, and Souleymane Diarra, 36, both of Philadelphia, PA, were convicted after trial of nine counts including…
Russia’s market rout in four charts
LONDON – Havoc erupted on Russian financial markets on Monday after Western powers ramped up sanctions on the country, including cutting some of its banks off from the SWIFT international payments system…
Russian central bank to resume gold purchases on domestic market from Monday
MOSCOW – Russia’s central bank on Sunday said it would resume buying gold on the domestic market from Feb. 28, as it undertakes measures to try and ensure financial stability during Western…
U.S. investors flee to money market funds amid Ukraine crisis
– U.S. investors purchased money market funds and withdrew cash from higher risk equity funds in the week to Feb. 23, as a rush for safety dominated markets in the run up…
Investors rush to money market funds in days before Russia’s Ukraine invasion
– Investors rushed for the safety of global money market funds while ditching equities for a second week in the seven days to Feb. 23 as risk aversion dominated markets in the…
No signs of equity market capitulation yet – BoFA
LONDON – Investors pulled money from bonds and pumped money into cash and stocks in the week to Wednesday as equity positioning showed “zero signs of capitulation despite flows and price disconnect”,…
Rightmove forecasts strong housing market after 2021 profit surge
– British real-estate portal Rightmove said on Friday it expects transaction levels to return to pre-pandemic levels this year, dispelling concerns about a slowdown driven by rising inflation and a higher cost…
Brazil central bank prepared to act in FX market in case of disproportionate contamination
By Marcela Ayres BRASILIA – Brazil’s central bank said it is prepared to act in the exchange market in case of disproportionate contamination on prices, highlighting it is paying close attention to…
Nasdaq drops over 1%, on course to confirm bear market
– The Nasdaq Composite index slid on Thursday, dropping 20% from its record closing high in November last year and on track to confirm a bear market, after Russia launched an all-out…
Kremlin says Russia has enough tools to survive ’emotional’ market reaction
MOSCOW – Kremlin spokesperson Dmitry Peskov on Thursday said Russia has created enough safety tools to survive market volatility and said that the “emotional” financial market reaction to Russia’s invasion of Ukraine…
Ukraine’s stock market regulator stops securities circulation
KYIV – Ukraine’s state stock market regulator on Thursday said it had decided to stop the circulation of all securities in the country, except for operations necessary for the central bank’s monetary…
Explainer-Why Europe’s mobile telecom market is ripe for consolidation
By Supantha Mukherjee and Elvira Pollina STOCKHOLM/MILAN – Talk of consolidation among European mobile carriers has grown louder with several executives voicing support as cut-throat price wars drive up debt and limit…
China vows to keep property market stable, meet demand this year
BEIJING -China’s housing minister pledged on Thursday to keep the real estate market stable this year and ensure genuine demand for homes is met, after a series of regulations aimed at reining…
Dubai housing a buyer’s market despite surprise price rise – Reuters poll
By Md Manzer Hussain BENGALURU – Strong demand is likely to make Dubai house prices rise more sharply this year than previously thought, although plentiful supply is likely to ensure the city…
Australia’s central bank to rejig market liquidity operations
SYDNEY – Australia’s central bank is shaking up the way it provides liquidity to the banking system as it ceases quantitative easing and prepares for the day when it will eventually raise…
Thyssenkrupp hydrogen IPO plans face market headwinds – sources
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF – A steep drop in hydrogen shares is likely to hit the valuation of Thyssenkrupp’s hydrogen unit Nucera, according to investor and financial sources, which…
LNG market supply-demand balance to remain tight in 2022, says Shell
By Marwa Rashad and Ron Bousso LONDON -The global liquefied natural gas (LNG) market is expected to remain tight this year following last year’s volatility which saw demand rise 6% and gas…
Career Offender Sentenced to 200 Months Imprisonment in SWGA Illegal Drug Market Case
ALBANY, Ga. – The final defendant involved in a high-volume drug trafficking operation was sentenced to federal prison for his crime. Eddie Houston, 43, of McDonough, Georgia, was sentenced as a career…
EU considering more transparent carbon market reporting – draft
By Kate Abnett BRUSSELS – The European Union is considering making more information available on trading in its carbon market, according to a draft document, amid calls from some governments to limit…
U.S., Saudi officials discuss managing market pressures from possible Russian invasion
– U.S. officials held discussions with Saudi Arabia about a “collaborative approach” to managing potential market pressures stemming from a possible Russian invasion of Ukraine, the White House said on Thursday. “In…
France’s Atos aims to double market share in supercomputing by 2026
By Mathieu Rosemain PARIS – France’s Atos aims to double its global market share in supercomputing to about 16% by around 2026, one of its executive said, stepping up European competition in…
ECB warns about vulnerable property market in euro zone
FRANKFURT – The property market is a “key vulnerability” for euro zone banks as the rise of remote working since the pandemic dents demand for offices and households take on more debt…
Brazil central bank chief says market fears over Lula easing – newspaper
BRASILIA – Brazilian central bank chief Roberto Campos Neto said markets are showing less concern about the possible victory of ex-president Luiz Inácio Lula da Silva in this year’s presidential race, according…
Oil hits 7-yr highs as market fears Russian attack on Ukraine imminent
By Stephanie Kelly NEW YORK – Oil prices surged over 2% on Monday to their highest in more than seven years as Ukraine’s president declared a “day of unity” for Feb. 16,…
Column-Funds on right side of historic U.S. bond market move: McGeever
By Jamie McGeever ORLANDO, Fla. – Hedge funds look to be on the right side of the seismic moves in Treasuries that have propelled short-dated borrowing costs higher, intensified flattening pressures across…
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