Japan expects launch of U.S. Indo-Pacific economic plan during Biden visit

President Joe Biden's visit to Japan this month is expected to coincide with the formal launch of a new U.S. economic strategy for the Indo-Pacific, even as China seeks "very aggressively" to fill a void since Washington quit a regional trade pact, Tokyo's ambassador to the United States said on Monday.

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09-05-2022

Indonesian president plans to meet Elon Musk over nickel -minister

Indonesian President Joko Widodo is planning to meet Elon Musk during an upcoming U.S. visit, a minister said on Monday, as the Southeast Asian country seeks to accelerate development of its nickel industry to supply batteries for electric vehicles.

newspaper

09-05-2022

Pro-military symbols adorn shop windows of western brands in Moscow

Salvatore Ferragamo and De Beers branded stores were decked out with pro-military symbols to mark Russia's annual Victory Day parade on Monday, demonstrating how little control high-end retailers have over how their goods are sold in the country.

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09-05-2022

Wall St slides at open as rising bond yields hit growth stocks

Wall Street's major indexes opened lower on Monday as rising U.S. Treasury yields amid prospects of aggressive monetary policy tightening weighed on growth stocks, with the sentiment taking a hit from fears of an economic slowdown in China.

newspaper

09-05-2022

BoE's Saunders says he's worried inflation will be higher than forecasts

Bank of England policymaker Michael Saunders, who last week backed a bigger interest rate rise than most of his colleagues, said he was worried that inflation exceed BoE's forecasts which see it topping 10% later this year.

newspaper

09-05-2022

Exclusive-Carlyle to acquire NSM Insurance from White Mountains in $1.78 billion deal

Private equity firm Carlyle Group Inc told Reuters on Monday it has agreed to acquire U.S. specialty insurance provider NSM Insurance Group from White Mountains Insurance Group Ltd for $1.78 billion in cash.

newspaper

09-05-2022

Fed may have to carry bulk of burden in hitting inflation goal - Kashkari

(Reuters) -The U.S. Federal Reserve may not get as much help as it hopes from supply chains easing as it battles to bring down inflation to its 2% goal, Minneapolis Fed President Neel Kashkari said on Monday, as he pointed out a string of data which still appear to show consumers remain willing to spend despite higher prices..

newspaper

09-05-2022

ICE launches nature-based carbon credit futures contract

Intercontinental Exchange (ICE) said on Monday it had launched a nature-based solutions carbon credit futures contract to help bring price signals to the voluntary carbon market.

newspaper

09-05-2022

Fed's Kashkari: I'm less confident on when supply chains will ease

Minneapolis Fed President Neel Kashkari said on Monday that supply chain issues that have helped keep U.S. inflation high are not ebbing as fast as he thought and expressed less confidence on when they will begin to ease.

newspaper

09-05-2022