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)
An Assyrian bishop who was stabbed during a service at his Sydney church said on Thursday he was recovering quickly and that he had forgiven his attacker. Two knife attacks within three days - at a busy shopping centre near Bondi beach that killed six people on Saturday and at the Assyrian Christ The Good Shepherd Church in Sydney's west on Monday - has shocked residents of Australia's most populous city. "I am doing fine, recovering very quickly ... there is no need to be worried or concerned," Bishop Mar Mari Emmanuel said in an audio message posted on social media, his first public comments since the attack.
Colorado Governor Jared Polis on Wednesday signed into law the first measure passed in the U.S. that aims to protect the data found in a person's brainwaves. Sponsors of the bill said it was necessary as quick advances in neurotechnology make scanning, analyzing and selling mental data increasingly more possible - and profitable. State representative Cathy Kipp, a sponsor of the legislation, said in a statement that while advancements in the neurotechnology field hold great promise for improving the lives of many people, "we must provide a clear framework to protect Coloradans' personal data from being used without their consent while still allowing these new technologies to develop."
Several members of the Albuquerque police academy’s training staff who were dismissed from their duties last summer filed a lawsuit Wednesday outlining allegations of nepotism and retaliation by leadership within the force. The whistleblower complaint centers on a requirement that male cadets shave their heads with a razor daily. One cadet — the son of a police commander — was found to have violated the policy and wasn't initially truthful with training staff when asked whether he was following through with the practice.
Uri Berliner, who worked as a senior business editor at NPR, wrote an essay for The Free Press in which he said he believes NPR is losing the public’s trust.
A square scribbled on a yellowed piece of paper by Renaissance genius Michelangelo sold for $201,600 -- 33 times its estimated value, auction house Christie's said Wednesday.But Christie's in New York said the piece went under the hammer for "33.6 times its low estimate," without disclosing any details of the buyer.
The Biden administration has reached an agreement to provide $6.1 billion in government support for Micron Technology to produce advanced memory computer chips in New York and Idaho. Senate Majority Leader Chuck Schumer, D-N.Y., personally courted Micron to build what would ultimately be a set of four chip factories near Syracuse in the town of Clay. ”It will be the biggest memory chip plant in America,” said Schumer.
Sophie Kinsella, author of the “Confessions of a Shopaholic” series, revealed that doctors diagnosed her with glioblastoma, “a form of aggressive brain cancer."
Democratic Sen. Tammy Baldwin is trying ti maintain her appeal in rural Wisconsin ahead of a tough re-election battle with Donald Trump on the ballot.
The United States said Wednesday it will snap back sanctions on Venezuela's crucial oil industry after President Nicolas Maduro's government continued its repression of opponents.President Joe Biden's administration suspended some sanctions after Maduro's government and the opposition agreed in Barbados last October to hold a free and fair vote in 2024 under the watchful eye of international observers.
Hawaii attorney general releases report on Maui's deadly wildfires with some new details on poor communication between emergency management officials.
A man on Reddit received this epic birthday cake fail when he asked for "Thirty" written on top, but a series of events lead to a hilarious mistake.
Democrats in the Arizona Senate cleared a path to bring a proposed repeal of the state’s near-total ban on abortions to a vote after the state’s highest court concluded the law can be enforced and the state House blocked efforts to undo the long-dormant statute. Although no vote was taken on the repeal itself, Republican Sens. T.J. Shope and Shawnna Bolick sided with 14 Democrats in the Senate on Wednesday in changing rules to let a repeal proposal advance after the deadline for hearing bills had passed.
DonnaJean Wilde set the record 10 years after she began planking and discovered she had a knack for the challenging core exercise.
Outbreaks of norovirus, which causes vomiting and diarrhea, are on the rise. What to know about the 2024 norovirus season in the US, symptoms, and prevention.
California regulators voted Wednesday to establish a drinking water limit on hexavalent chromium, a toxic chemical compound made infamous by the movie “Erin Brockovich.” The proposal was unanimously passed by the State Water Resources Control Board, though it needs approval from the Office of Administrative Law to take effect. More than 200 million Americans are estimated to have the chemical compound in their drinking water, according to an analysis of federal water testing data by the Environmental Working Group, a nonprofit research and advocacy organization.
PITTSBURGH — President Joe Biden called for tripling tariffs on Chinese steel and aluminum Wednesday when he spoke to union members in battleground Pennsylvania.
It is not clear whether the company also plans to accept loans available through the 2022 CHIPS and Science Act, the report added. Micron and the U.S. Commerce Department did not immediately respond to Reuters requests for comment. Over the past few months, U.S. President Joe Biden has announced several funding initiatives, including nearly $20 billion in loans and grants for Intel and a $1.5 billion grant to GlobalFoundries.
EU leaders on Wednesday weighed a response to suspicions of Russian meddling ahead of June elections in the bloc, with several states pushing for sanctions targeting "malign activities" by Moscow.The prime ministers of Belgium and the Czech Republic, Alexander De Croo and Petr Fiala, had appealed to fellow leaders to consider new sanctions to counter Russian "malign activities."
Prosecutors from the Manhattan district attorney's office said in a court filing Wednesday that they plan to ask Donald Trump about the costly verdicts and findings of wrongdoing in his numerous civil cases if the former president decides to testify in the criminal case — though the permissibility of that line of questioning remains to be seen.
A California lawmaker wants to require business owners and landlords to disclose their identities under legislation aimed at cracking down on opaque ownership structures that have enabled some companies to skirt state laws without facing consequences. Limited liability companies and similar corporations in the United States are often formed to protect a business owner's personal assets. In California, the world's fifth largest economy, such businesses are already required to register with the Secretary of State and share information including the name of the business, its address and the names of its executives or representatives.
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