CMPNY

Dollar Absorbs Suspected Yen Intervention; mixed data from China

https://tmsnrt.rs/2zpUAr4 The dollar hit against the yen by the alleged intervention of the BOJ Stocks trim early gains as China markets ease China’s GDP beats forecasts, but retail sales disappoint Stg flat as Boris Johnson drops out of the PM race SYDNEY, Oct 24 (Reuters) – The U.S. dollar on Monday weathered another purported flurry …

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Nasdaq halts small Chinese company IPOs as it probes stock rallies

NEW YORK, Oct 22 (Reuters) – Nasdaq Inc. (NDAQ.O) has slowed initial public offering (IPO) preparations for at least four small Chinese companies while investigating short-lived stock rallies by said companies after their debuts, according to lawyers and bankers working on such stock launches. The stock trader’s actions come amid a surge in shares of …

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The race to be the next UK prime minister begins as momentum behind Boris Johnson grows

Mordaunt becomes the first to declare his intention to run Candidates must reach the goal of 100 nominations Sunak is the favorite of bookmakers The winner would be the fifth British prime minister in six years. LONDON, Oct 21 (Reuters) – Boris Johnson has been gathering momentum in his audacious bid to return as British …

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EXCLUSIVE On ‘Line By Line’ Loop, Hezbollah Shows Pragmatic Side In Lebanon-Israel Deal

Pragmatism trumps ideology as Hezbollah approves deal The United States achieved historic compromise between Israel and Lebanon Offshore gas would provide Lebanon with much-needed foreign exchange BEIRUT, Oct 18 (Reuters) – (This story from October 18 has been corrected to clarify that Atallah is the founding director of The Policy Initiative think tank, not the …

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Nord Stream ruptures revealed as Europe grapples with gas plan

Nord Stream leak discovered in late September Newspaper reports what it calls first images of damage The EU proposes energy measures and avoids an immediate cap on the price of gas EU seeks to launch new gas price reference, joint purchases COPENHAGEN/BRUSSELS, Oct 18 (Reuters) – Damage to Russia’s Nord Stream gas pipeline to Europe …

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More US companies charge employees for job training if they quit

WASHINGTON, Oct 17 (Reuters) – When a Washington state beauty salon charged Simran Bal $1,900 for training after he quit, he was shocked. Bal was not only a licensed esthetician with no training required, but she argued that the trainings were shop-specific and of low quality. Bal’s story mirrors that of dozens of people and …

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Credit Suisse pays $495 million to settle US legacy case

Settlement Ends Bank’s Largest Pending RMBS Case Credit Suisse says settlement is fully provisioned The bank still has five cases to resolve He hopes to resolve the pending cases in the next six months. ZURICH, Oct 17 (Reuters) – Credit Suisse (CSGN.S) agreed to pay $495 million to settle a case involving investments linked to …

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Jeremy Hunt Statement: New UK Finance Minister Will Fast Track Fiscal Plan

Hunt will file a statement on taxes and spending plans on Monday. Announcement is two weeks ahead of schedule Hunt is rewriting Truss’ economic plans British pound rises in Asian trade Bond prices rise in early London trading LONDON, Oct 17 (Reuters) – Britain’s new Chancellor of the Exchequer Jeremy Hunt is set to set …

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Former WSJ reporter says law firm used Indian hackers to sabotage his career

WASHINGTON, Oct 15 (Reuters) – A former Wall Street Journal reporter accuses a major US law firm of using mercenary hackers to force him out of his job and ruin his reputation. in a lawsuit Unveiled Friday night, Jay Solomon, the Journal’s former chief foreign correspondent, said Philadelphia-based Dechert LLP worked with hackers from India …

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Wall St Falls as Consumer Data Fuels Inflation Concerns

JPM reports higher-than-expected third-quarter earnings S&P 500 and Nasdaq post weekly declines US Consumer Confidence Rises in October; inflation estimates worsen Dow down 1.34%, S&P 500 down 2.37%, Nasdaq down 3.08% NEW YORK, Oct 14 (Reuters) – U.S. stocks fell on Friday as worsening inflation expectations kept intact concerns that the Federal Reserve’s aggressive path …

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