Week Ahead for FX, Bonds : Focus on China; ECB -2-
Third-quarter GDP growth is forecast to have risen 4.0% on year, and 2.0% on a quarter-on-quarter, seasonally adjusted basis, according to the WSJ poll. "With services inflation still elevated, the conditions are not in place for monetary policy easing," ANZ head of Asia research Khoon Goh said. Preliminary GDP data showing strong growth would also back the case to not start easing yet, Goh said. ANZ economists expect the RBI to watch how food prices develop before it moves to cut the policy rate, which they pencil in for December. HSBC economists expect 25-basis-point cuts from BSP in both October and December, considering the door to easing "wide open."
Source:Wall Street Journal
October 14, 2024 06:18 UTC
Brembo to Acquire Ohlins Racing
Tenneco has announced an agreement to sell Öhlins Racing, a renowned manufacturer of high-quality suspension technology, to Brembo, a global leader in high-performance braking systems. Tenneco is committed to supporting its customers, employees, and stakeholders throughout this transition. On the Brembo side, BofA Securities is acting as financial advisor, while Simpson Thacher & Bartlett and BonelliErede are handling legal advisory services. “As we join forces with Brembo, we are excited to unlock new growth opportunities and leverage our respective strengths and assets to drive innovation and deliver even greater value to our customers and employees,” said Tom Wittenschlaeger, CEO of Öhlins Racing. It is a world-renowned brand, with a solid business and an unrivaled reputation, both on the racetrack and the road,” said Matteo Tiraboschi, Brembo Executive Chairman.
Source:New York Times
October 14, 2024 06:12 UTC
Deadly Israeli strike hits hospital tent camp in Gaza
WorldDeadly Israeli strike hits hospital tent camp in GazaAn Israeli strike on a compound burned tents of displaced Palestinians on the grounds of the al-Aqsa Martyrs Hospital in Deir al-Balah, Gaza, on Oct. 14.
Source:Washington Post
October 14, 2024 06:03 UTC
Today’s NYT ‘Connections’ Hints And Answers For Monday, October 14
You can find them here:Forbes Today’s NYT ‘Connections’ Hints And Answers For Sunday, October 13Hey, folks! Today’s NYT Connections hints and answers are coming right up. Let’s make sure that doesn’t happen with the help of some hints, and, if you’re really struggling, today’s Connections answers. What Are Today’s Connections Hints? Today’s groups are...Yellow group — rummageGreen group — sounds of thunderBlue group — ways to wear your hair upPurple group — things that can have leavesWhat Are Today’s Connections Answers?
Source:New York Times
October 14, 2024 05:01 UTC
Arrest made in fatal Michigan home invasion where perpetrators posed as utility men
The Oakland County Sheriff's Office identified him as Carlos Jose Hernandez, 37, and said they are seeking his extradition from Louisiana. The second suspect remains at large, and the sheriff's office is urging anyone with information that could lead to an arrest to get in touch. On Friday, a 72-year-old man was found dead in the basement of his Rochester Hills home, according to the sheriff's office. It is not yet clear how the man, identified as Hussein Murray, was killed. Arrest made in fatal Michigan home invasion where perpetrators posed as utility men originally appeared on abcnews.go.com
Source:ABC News
October 14, 2024 04:46 UTC
Trump Receives Endorsement from Border Patrol Union
Today I’m honored to receive – and this is an honor that I didn’t know about ’til very recently – the endorsement – because it’s very hard for them to do this, you know. It’s very hard for them to do this. But the endorsement of the official union of the Border Patrol agents – the entire union is endorsing me. It’s a great honor. So let’s show our appreciation for the unbelievable service to our country.
Source:New York Times
October 14, 2024 04:01 UTC
Harris Rallies in North Carolina
And he’s not — But here’s the thing, North Carolina — and he’s not being transparent with the voters. Every other presidential camp — every other presidential candidate in modern era has done it. He is unwilling to do a “60 Minutes” interview, like every other major-party candidate has done for more than half a century. Here’s the thing. It makes you wonder why does his staff want him to hide away?
Source:New York Times
October 14, 2024 03:50 UTC
Netanyahu mulls plan to empty northern Gaza of civilians and cut off aid to those left inside
Israel has issued many evacuation orders for the north throughout the yearlong war, the most recent of which was Sunday. One official with knowledge of the matter said parts of the plan are already being implemented, without specifying which parts. The State Department spokesperson has said the United States is against any plan that would bring direct Israeli occupation in Gaza. “All Gazans are afraid of the plan,” said Jomana Elkhalili, a 26-year-old Palestinian aid worker for Oxfam living in Gaza City with her family. “North Gaza is now divided into two parts,” Soloh said.
Source:New York Times
October 14, 2024 03:34 UTC
Video: Kamala Harris’ prosecutor past draws scrutiny as she runs for president
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Source:CNN
October 14, 2024 03:18 UTC
Minister Accused Of Being 'Weird' And 'Sniffy' For Not Inviting Elon Musk To Investment Summit
"@TrevorPTweets asks @jreynoldsMP why @elonmusk hasn't been invited to a UK investment summit. CEO of social media platform X, car company Tesla Motors and spacecraft manufacturer SpaceX, Musk, clashed with Labour and the PM Keir Starmer repeatedly over the far-right riots which erupted in the summer. AdvertisementHowever, Jonathan Reynolds did not reference any of these clashes when pressed about Musk’s absence from the summit on Sky News. “Come on, Elon Musk is not thousands of people!” Phillips replied – but Reynolds refused to be drawn. The former PM welcomed Musk for last November’s AI summit, and they held a fireside chat together.
Source:Huffington Post
October 14, 2024 03:09 UTC
CNN panel erupts when panelist says Democrats too focused on 'dudes who want to become women' than male voters
A CNN panel erupted on Sunday when a conservative panelist suggested Vice President Kamala Harris was losing ground to former President Trump with male voters because Democrats care more about "dudes who want to become women." CNN pundit Scott Jennings said Harris had a "rough week" of polling, particularly with registered male voters during State of the Union. Democrats struggling with African American voters, particularly African American men. "And I think what they are now finally…coming to realize is that a lot of men think Democrats care more about dudes who want to become women than dudes who just want to be dudes," he added before the other panelists interrupted with some groaning and saying, "no, no." Former President Barack Obama have sounded the alarm about what he believes is male voters' lackluster support for Harris.
Source:CNN
October 14, 2024 02:36 UTC
Worldwide efforts to reverse the baby shortage are falling flat
Imagine if having children came with more than $150,000 in cheap loans, a subsidized minivan and a lifetime exemption from income taxes. But the decline hit Europe harder and faster than demographers expected—a foreshadowing of the sudden drop in the U.S. fertility rate in recent years. The U.S. fertility rate is 1.6. Hungary’s fertility rate collapsed after the fall of the Soviet Union and by 2010 was down to 1.25 children for every woman. Hungary’s fertility rate has fallen for the past two years.
Source:Wall Street Journal
October 14, 2024 02:33 UTC
Letter to the editor: The economics behind the Harley Clarke proposals
Editor’s note: John Kennedy, the author of this letter, is a board member of Evanston Community Lakehouse and Gardens (ECLG). This organization submitted a bid to the city’s Request for Proposals for rehabilitating the Harley Clarke mansion, and is in competition with the proposals from Celadon and Farpoint/RATIO discussed in this letter. Reviewing the financial operating plans of the proposals can provide an insight into each of the operations going forward. Caveat: This analysis is based on a lot of assumptions because the financial operational plans and financial structure have not been made public. The portion a venue like Harley Clarke could claim as revenue is from rental of the venue, catering, and maybe transportation.
Source:Wall Street Journal
October 14, 2024 02:33 UTC
From the pulpit, Harris calls out Trump for hurricane misinformation
By JOSH BOAK, AAMER MADHANI and DARLENE SUPERVILLEKamala Harris used an appearance Sunday before a largely Black church audience in battleground North Carolina to call out Donald Trump for spreading misinformation about the government's hurricane response. Florida was in the path of both storms, with Helene also hitting North Carolina, South Carolina and Georgia, while Milton headed for the open Atlantic. Trump has said the Biden administration’s storm response was lacking, particularly in western North Carolina after Helene. Biden and Harris have hammered Trump for promoting falsehoods about the federal response. Biden said Trump was “not singularly" to blame for the spread of misinformation but that he has the "biggest mouth.”“They blame me for everything.
Source:Washington Post
October 14, 2024 01:59 UTC
The 11 scariest haunted houses in Iowa
To put the spook in this spooky season, check out this list of some of the scariest haunted houses in Iowa. Cost: $25-$60The Madness Haunted House is routinely voted the “scariest haunt in Omaha,” and it’s not even in Nebraska. You’re likely to scream yourself hoarse at this haunted attraction, voted as one of the top haunted houses in Iowa in 2023. FOUR SCREAMSCharlotte Haunted HouseCharlotteWhen: Fridays and Saturdays in OctoberCost: $20There’s something extra scary about a haunted house in small-town Iowa. Eclypse Haunted AttractionIowa CityWhen: Thursdays, Fridays, Saturdays, and Sundays through HalloweenCost: $25 to $99A college town needs a good haunted house.
Source:Washington Post
October 14, 2024 01:56 UTC