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)
Authorities in Mississippi are searching for Drew Johnson, a convicted killer they say escaped from prison Tuesday, describing him as "desperate" and "very dangerous."
An Azerbaijan Airlines passenger jet crashed on Wednesday in western Kazakhstan, killing 38 of the 67 people on board, officials said.Azerbaijan Airlines reported that 67 people were on board -- 62 passengers and five crew members.
Desi Bouterse, the former dictator and later elected president of Suriname, who became a fugitive of justice for the killing of political opponents, has died at 79, the government said Wednesday.Bouterse left a year later, then was elected president of the former Dutch colony in 2010 and ruled for a decade.
Ukrainian President Volodymyr Zelensky denounced Wednesday an "inhumane" attack from Russia, which launched over 170 missiles and drones on his war-torn country's power grid on Christmas Day, killing an energy worker."I pay tribute to the resilience of the Ukrainian people, and the leadership of President Zelensky, in the face of further drone and missile attacks from Putin's bloody and brutal war machine with no respite even at Christmas," Starmer said.
The bald eagle, a symbol of the power and strength of the United States for more than 240 years, earned an overdue honor on Tuesday: It officially became the country’s national bird.
A government-commissioned panel of experts on Wednesday largely supported Japan's new energy policy for the next few years that calls for bolstering renewables up to half of electricity needs by 2040 while maximizing the use of nuclear power as the country seeks to accommodate the growing power demand in the era of AI while meeting decarbonization targets. The Industry Ministry presented the draft plan for final review by the panel of 16 mostly pro-nuclear members from business, academia and civil groups. It calls for maximizing the use of nuclear energy, reversing a phaseout policy adopted after the meltdown crisis at the Fukushima Daiichi power plant in 2011 that led to extensive displacement of residents and lingering anti-nuclear sentiment.
A passenger plane carrying 67 people from Azerbaijan to southern Russia crashed near the Kazakh city of Aktau on Wednesday, local authorities said.
Protests erupted in Christian neighborhoods of the Syrian capital Damascus after a Christmas tree was set on fire in another town by unidentified men on Monday evening.
Russia launched aerial attacks on Ukraine’s energy sector “on a massive scale” overnight into Wednesday, local authorities said, amid intensified bombardment that has left Ukraine in a precarious position as the war grinds into a third winter.
A suspect is in custody after a knife attack at Grand Central 42 Street subway station in New York injured two with neck and wrist slashes.
A hearing was held on Dec. 25 - which is not Christmas Day under the calendar used by the Russian Orthodox Church - but no verdict was reached and the case will continue on Jan. 20, an RBI spokesperson said. A court official confirmed the date to Reuters by phone. RBI, one of the biggest Western banks in Russia, has been under pressure from authorities in the United States and Europe to spin off its Russian business following the Ukraine war, part of an effort to isolate Russia with sanctions.
The Mega Millions jackpot has surpassed $1 billion after no ticket matched all six numbers drawn on Christmas Eve. “We know that many people will likely receive tickets to Friday’s drawing as holiday gifts, and what a gift that would turn out to be if you ended up with a ticket worth a $1.15 billion jackpot,” Joshua Johnston, lead director for the Mega Millions Consortium said in a Wednesday statement. The odds of winning the Mega Millions jackpot are 1 in 302,575,350, while the odds of winning any Mega Millions prize are 1 in 24, according to lottery officials.
A potentially volatile post-Christmas severe weather event will put more than 10 million people at risk for damaging thunderstorms across part of the south-central United States, AccuWeather experts warn. The area at risk for severe thunderstorms will stretch from southeastern Oklahoma through eastern Texas into Arkansas and Louisiana from midday Thursday through Thursday night. "Given sufficient energy and a pronounced change in wind speed and direction with height in the atmosphere, all modes
An Azerbaijani airliner crashed Wednesday near the Kazakhstani city of Aktau, leaving at least 32 survivors.
Whether a large and fuzzy social media sensation or deep-sea slug slunking around the ocean’s Midnight Zone, there are still so many exciting animals on Earth just waiting for their close-up. In that spirit, here are the 11 of the most exciting animal stories that Popular Science covered this year. First photo of a newborn […]
John Reichart decided to go "all in" this year by decorating every house on his block with Christmas lights for his wife who has Alzheimer's.
Israel and Hamas accused each other of complicating ceasefire efforts on Wednesday, as the two sides inch closer to a deal that could wind down the 14-month war in Gaza. The two sides appear closer than they have been in months to reaching an agreement that would bring home dozens of hostages being held in Gaza. Although Israel and Hamas have expressed optimism that progress was being made toward a deal, sticking points remain over the exchange of hostages for Palestinian prisoners and the withdrawal of Israeli troops from Gaza, people involved in the talks say.
A passenger plane flying from Azerbaijan to Russia with 67 people on board crashed in Kazakhstan Wednesday, authorities said.
Dozens were feared dead Wednesday after a passenger plane carrying 67 people from Azerbaijan to Russia crashed in Kazakhstan, authorities said.
New York City woke up to its first white Christmas in 15 years. But only a few areas of the U.S. are likely to see snow in the weather forecast for Christmas 2024.
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