The employees work at the Tokyo Stock Exchange (TSE), which is operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, January 4, 2024.Bloomberg | Bloomberg | Getty ImagesJapanese stock indexes retreated from their record highs on Thursday, while investors took stock of better-than-expected trade data from China.the Nikki 225 It reached a record high before trading down 0.9%. The broader Topix index also lost 0.24 percent after hitting a record high level earlier in the session.the Taiwan weighted index It jumped nearly 1%, in Australia Standard & Poor's/ASX 200 rose 0.14%, both hitting new highs.Asian stocks rose…
Author: ricardofrancois
Los Angeles City Council President Paul Krikorian on Wednesday defended the use of a city email account to support a candidate Krikorian endorsed in Tuesday's primary.In a statement his office emailed to the media shortly before midnight Tuesday, Krikorian praised former Assemblyman Adrien Nazarian, a one-time assistant to the Assembly speaker who is seeking his former speaker's seat in the eastern San Fernando Valley. Krikorian was unable to seek another term due to term limits.“I am particularly proud to see former Assemblyman Adrien Nazarian assert his lead in the race to succeed me as representative for the 2nd District,” Krikorian’s…
Stay informed with free updatesSimply subscribe to myFT Digest Private Equity – delivered straight to your inbox.The weak market for initial public offerings in Asia is prompting private equity investors in the region to pursue a controversial exit strategy: selling assets to so-called continuation funds that they raise themselves.Five continuity funds closed in Asia last year, the most since 2010, according to data from Preqin, and dealmakers say interest in creating more vehicles is rising, especially in China.“We have received many, many requests from Chinese players,” said Won Ha, the Singapore and South Korea head of French private equity firm…
On Jan. 6, Northridge resident Kayla Reifschneider breached the Capitol, attacked members of the press and planned to give weapons to another rioter involved, federal prosecutors allege. Reifschneider, 27, was arrested by the FBI on Wednesday, three years after the 2021 insurrection. Kayla Reifschneider was arrested on suspicion of participating in the January 6 insurrection. (Ministry of Justice) Reifschneider faces a felony charge of obstructing an official proceeding and misdemeanor charges of entering and remaining in a restricted building and disorderly and disruptive conduct in a restricted building.Messages obtained by federal investigators the day after the attack allegedly show Reifschneider…
China's central bank governor said there was room to further reduce banks' reserve requirements, and pledged to use monetary policy to support consumer prices.Bloomberg | Bloomberg | Getty ImagesBEIJING – The heads of China's central bank and economic planning agency signaled that authorities would be willing to take further steps to support growth, but did not announce any large-scale stimulus plans.Pan Gongsheng, governor of the People's Bank of China, told reporters on Wednesday that there was scope for further reduction in banks' reserve requirements – that is, the amount of cash banks need. He also pledged to use monetary policy…
For all of California's ills and hardships, nothing moved the state's left-leaning voters in this year's Senate race more than the specter of former President Trump returning to the White House.Trump's omnipresent legal troubles and dominance in the GOP presidential primary ensure that his shadow over the 2024 election will remain until November, and only increases Rep. Adam B. Schiff's already strong chances of becoming California's newest U.S. senator. As the lead prosecutor in Trump's first impeachment trial in the House, the Burbank Democrat — whom the former president once mocked as a “little pencil neck” — used Trump's hostility…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.A campaign of attacks by the Yemeni Houthis on commercial ships claimed its first casualties on Wednesday when an attack on a Barbados-flagged dry bulk carrier in the Gulf of Aden killed three sailors and injured four.The death toll on the True Confidence ship, which was sold by US private equity group Oaktree Capital a few days ago, came in a statement issued by the US Army's Central Command (Centcom). The Houthi rebel group claimed responsibility for the attack hours ago.While the…
Federal Reserve Chairman Jerome Powell fist-bumps former Treasury Secretary Steven Mnuchin after a House Financial Services Committee hearing on “Oversight of the Treasury and the Federal Reserve's Pandemic Response” at the Rayburn House Office Building in Washington, D.C., on December 2, 2020.Greg Nash | ReutersAn injection of an additional billion dollars Community Bank of New York The announcement Wednesday is the latest example of private equity firms starting to need a wounded American lender.Led by $450 million from former Treasury Secretary Steven Mnuchin's firm Liberty Strategic Capital, a group of private investors is pumping new money into the New York…
Ocean intelligence company Saildrone has just put the first of a new generation of autonomous Surveyor ships into the water: an aluminum version that the Navy is keen to cash in on. But don't worry, they don't put weapons on them. Demand for ships like Saildrone's is growing, founder and CEO Richard Jenkins told TechCrunch. “We expect the need for ocean observations to continue to grow in size, complexity and quality. Atmospheric, surface and subsurface technologies have a role to play in ocean observations,” he said. The 20-meter-long SD-3000 is similar to previous versions of Surveyor that currently sail the…
TOKYO — Stocks rose on Wednesday, recouping some of their losses from the previous day, which were the worst on Wall Street in three weeks.Federal Reserve Chair Jerome Powell said again that interest rate cuts could be coming this year, but the Fed needs more data showing inflation is cooling before it can act. The Standard & Poor's 500 index rose 26.11 points, or 0.5%, to 5,104.76 points. The benchmark index fell 1% the previous day.The Dow Jones Industrial Average rose 75.86 points, or 0.2%, to 38,661.05 points. The Nasdaq Composite Index rose 91.95 points, or 0.6%, to 16,031.54 points.Nvidia…