Month: June 2022
Elliott Associates sues LME for $456 mln over nickel trading halt: HKEX
LEON NEAL | AFP | Getty Images Fund manager Elliott Associates has sued London Metal Exchange (LME) for $456 million following the suspension and cancellation of nickel trades on the platform owned by Hong Kong Exchanges and Clearing Ltd, the Hong Kong bourse said on Monday. LME and LME Clear Limited have been named as […]
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India’s ruling party suspends BJP official over comments about Islam
India’s Bharatiya Janata Party’s spokeswoman Nupur Sharma has been suspended in response to comments she made during a TV debate about the Prophet Mohammed. Hindustan Times | Hindustan Times | Getty Images India’s ruling Bharatiya Janata Party (BJP) said on Sunday it had suspended BJP spokeswoman Nupur Sharma in response to comments she made during […]
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Crypto enthusiasts want to remake the internet with ‘Web3.’ Here’s what that means
Some crypto enthusiasts want a new kind of internet that yanks power away from Big Tech and hands it to people. Can they succeed? Remember AOL chatrooms and downloading songs through Napster? The internet has come a long way.Today, it’s dominated by Meta, Google and a handful of other tech giants whose services have made […]
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Australia’s prime minister in Indonesia for talks on investment, climate change
Australian Prime Minister Anthony Albanese speaks to media on June 5, 2022. Australian Prime Minister Anthony Albanese was in Indonesia on Monday to meet its President Joko Widodo and shore-up relations between the two neighbors, in his first bilateral visit since being elected last month. Matt Jelonek | Getty Images News | Getty Images Australian […]
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Left out of the Indo-Pacific deal, China pushes toward the world’s largest trade deal
U.S. President Joe Biden, India’s Prime Minister Narendra Modi and Japan’s Prime Minister Fumio Kishida attend the Indo-Pacific Economic Framework for Prosperity (IPEF) launch event at Izumi Garden Gallery in Tokyo, Japan, May 23, 2022. Jonathan Ernst | Reuters Amid the fanfare of U.S. President Joe Biden’s new Indo-Pacific strategy, China flew under the radar and […]
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As one of Asia’s global hubs moves to reopen, another remains mired in restrictions
People queue up for Covid-19 nucleic acid tests on April 28, 2022 in Hong Kong. While Singapore has steadily moved to reopen in recent months, Hong Kong remains mired in restrictions that critics say are costing it business and talent, with Singapore a prime beneficiary. Chen Yongnuo | China News Service | Getty Images When […]
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Dan Niles says the U.S. is staring at a recession — and reveals which trades will be more resilient
Market watchers have been mixed on if, and when, a recession is on the horizon, but hedge fund manager Dan Niles said it is clear that the U.S. economy is headed for one. The U.S. economy has been plagued by a confluence of decades-high inflation and what many expect to be an aggressive rate hike […]
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Cloudy with a 60% chance of recession: Asset manager gives his take on the bear market
As talk of a recession grows louder, asset manager Michael Yoshikami believes there is a 60% chance the U.S. will sink into a recession. He explains why and reveals if the beaten down stock market has hit the bottom. Yoshikami, CEO of Destination Wealth Management, believes the U.S. economy has begun to show signs of […]
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South Korea, U.S. launch 8 missiles in response to North Korea’s missile firings
A news broadcast shows file footage of a North Korean missile test, at a railway station in Seoul on Jan. 17, 2022, after North Korea fired an unidentified projectile eastward in the country’s fourth suspected weapons test this month, according to the South’s military. Jung Yeon-je | AFP | Getty Images South Korea and the […]
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Stock futures are flat after a losing week on Wall Street
Traders on the floor of the NYSE, June 3, 2022. Source: NYSE Stock futures were little changed in overnight trading Sunday after a losing week as investors continued to bet that the Federal Reserve will tighten monetary policy aggressively to combat surging inflation. Futures on the Dow Jones Industrial Average gained 30 points. S&P 500 […]
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