SINGAPORE, March 14 (Reuters) - Japan's top brokerage Nomura forecast the Federal Reserve will cut interest rates next week and hit the brakes on quantitative tightening as policymakers assess financial stability risks in the wake of the Silicon Valley Bank collapse.
Nomura analysts had previously forecast a 50 basis point rate hike for the Fed's March meeting and now see a 25 bp cut.
(Reporting by Tom Westbrook; Editing by Tom Hogue)
Forecasters through the U.S. issued warnings that another round of winter weather could complicate travel leading up to the Thanksgiving holiday, while California and Washington state continue to recover from storm damage and power outages. In California, where a person was found dead in a vehicle submerged in floodwaters on Saturday, authorities braced for more precipitation while grappling with flooding and small landslides from a previous storm. Thousands in the Pacific Northwest remained without power after multiple days in the dark.
Survivors and sniffing dogs joined hundreds of people at Cambodia's Angkor Wat on Sunday for a march against landmines after the US decision to send anti-personnel mines to Ukraine.The march and conference come after Washington announced this week that it would send anti-personnel landmines to Ukraine in a major policy shift that was immediately criticised by human rights campaigners.
Romanians were voting Sunday in the first round of a presidential election amid a surge in inflation and fears over the war in neighbouring Ukraine that could favour far-right leader George Simion.The vote kicks off two weeks of elections in the poor NATO member country, including a parliamentary vote and a December 8 presidential run-off.
Israel said Sunday that the body of an Israeli-Moldovan rabbi who went missing in the United Arab Emirates has been found after he was killed in what it described as a “heinous antisemitic terror incident.” The statement from Prime Minister Benjamin Netanyahu's office said Israel “will act with all means to seek justice with the criminals responsible for his death.” There was no immediate comment from the UAE.
Voters in South America's laid-back Uruguay, known for its beaches, legalized marijuana and stability, will head to the polls on Sunday in a second-round presidential race between moderates that closes out a bumper year of elections. The vote in the small nation of 3.4 million people sees opposition center-left candidate Yamandu Orsi take on continuity conservative runner, Alvaro Delgado, who has the backing of a third-placed ally. Unlike sharp right-left divides in recent elections in Argentina, Brazil or Mexico, Uruguay's political arena is relatively tension-free, with significant overlap between the conservative and liberal coalitions vying for office, taking some of the sting out of Sunday's final result.
Deer-vehicle collisions are surprisingly common in the United States, with 2.1 million occuring each year, accounting for 59,000 human injuries and 440 human deaths.
The Lao government is "profoundly saddened" by the deaths of foreign tourists from drinking alcohol contaminated with methanol and pledged to prosecute those responsible. Two Danes, two Australians, a Briton and an American have died after visiting Vang Vieng, an idyllic town that is popular with foreign backpackers, and drinking contaminated alcohol. Counterfeits of well-known alcohol brands and home-made spirits are a problem in Laos.
Edinburgh, one the most visited cities in Europe, is offering tourists the chance to see it from a different angle -- through the eyes of tour guides who have slept on its streets.Tourists benefit from a broader view of the place they were visiting, he said.
Pakistan Sunday suspended mobile and internet services “in areas with security concerns” as supporters of imprisoned former premier Imran Khan geared up for a protest in the capital. The government and Interior Ministry posted the announcement on social media platform X, which is banned in Pakistan. A spokesperson for the Interior Ministry was not immediately available for comment.
In 2013, Florida Attorney General Pam Bondi’s office faced a decision: whether to join investigations from other state attorneys general into Trump University, where students paid up to $35,000 for business classes that critics claimed were fraudulent.
Forecasters are increasingly calling for a cold, soggy Thanksgiving week as west-to-east winter-pattern storms continued to roll across the continental landscape.
Fires have burned in parks and forests around New York City. Towns and cities in a stretch from Portsmouth, New Hampshire, to south of Philadelphia had their driest three months on record, according to the Applied Climate Information System. Major changes need to happen to avoid critical shortages of water in the future, even if that future isn't immediate.
Fred Harris, a former U.S. senator from Oklahoma, presidential hopeful and populist who championed Democratic Party reforms in the turbulent 1960s, died Saturday. He was 94.
UMM AL-FAHM, Israel (AP) — Israel’s yearlong crackdown against Palestinian citizens who speak out against the war in Gaza is prompting many to self-censor out of fear of being jailed and further marginalized in society, while some still find ways to dissent — carefully. Ahmed Khalefa's life turned upside down after he was charged with inciting terrorism for chanting in solidarity with Gaza at an anti-war protest in October 2023. The lawyer and city counselor from central Israel says he spent three difficult months in jail followed by six months detained in an apartment.
Squeezing rubber-covered robotic prosthetic hands, Bangladesh protesters wounded during the deadly revolution to topple autocratic leader Sheikh Hasina test out replacement arms for their lost limbs.On Thursday he was fitted with a prosthetic limb, alongside four other students who also lost their hands during the months-long protests in which at least 700 people were killed during a police crackdown.
When John Jobbagy’s grandfather immigrated from Budapest in 1900, he joined a throng of European butchers chopping up and shipping off meat in a loud, smelly corner of Manhattan that New Yorkers called the Meatpacking District. Today only a handful of meatpackers remain, and they're preparing to say goodbye to a very different neighborhood, known more for its high-end boutiques and expensive restaurants than the industry that gave it its name. Jobbagy and the other tenants in the district’s last meat market have accepted a deal from the city to move out so the building can be redeveloped, the culmination of a decades-long transformation.
Going to see loved ones over the holidays often means a lot of sitting and eating. Do you have to put limits on those if you are trying to maintain healthy habits?
When Kenyan police arrived in Haiti as part of a U.N.-backed mission earlier this year to tackle gang violence, hopes were high. Coordinated gang attacks on prisons, police stations and the main international airport had crippled the country’s capital and forced the prime minister to resign, plunging Haiti into an unprecedented crisis. The main international airport closed for the second time this year after gangs opened fire on commercial flights in mid-November, striking a flight attendant.
Romanians are casting ballots on Sunday in the first round of a presidential election that could pit a far-right nationalist against the incumbent leftist prime minister in the runoff. Thirteen candidates are vying for the presidency in the European Union and NATO member country, and the vote is expected to go to a second round on Dec. 8. Romanians abroad have been able to vote since Friday.
A Civil Air Patrol plane crashed during a training exercise in northern Colorado on Saturday, killing two people and injuring another person, authorities said.
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