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If your holiday weekend plans include a few hours of streaming and relaxing in front of the screen, we compiled an amazing list of movies, series and documentaries featuring Latino filmmakers or actors. From "Acapulco" to "Cobra Kai," all the shows have a little sabor latino, or Latino flavor. “The new show is at its core a story about the Quintanillas, a tight-knit Mexican American family from South Texas striving for a better life," NBC News reported. The cast includes the Mexican actor Diego Luna, Stephanie Beatriz, Zoe Saldana and Gabriel Iglesias, among others. Starring the Mexican actors Anthony Gonzalez, Gael García Bernal and Jaime Camil and the Peruvian American actor Benjamin Bratt.
Persons: Kai, Morales, Carlos Santos, Karrie Martin, Rita Moreno, Oscar, Tony, Mariem Pérez, it’s, Moreno, , Scott McNairy, María Yazpik, Alejandro Edda, Luis Gerardo Méndez, Luisa Rubino, Bad, Hamilton, Lin, Manuel Miranda, Jonathan Larson, Miranda, Larson, Steven Canals, Daniel LaRusso, Johnny Lawrence, Miguel Diaz, Xolo Maridueña, Luis Miguel, Diego Boneta, Ewan McGregor, Krysta Rodríguez, Liza Minnelli, Gian Franco Rodríguez, Victor Hugo, Jane, Virgin, “ Juana La Virgen, Jane Villanueva, Gina Rodriguez, “ Jane, Elizabeth Gillies, Rafael de la Fuente, Augusto “ Willy ” Falcon, Salvador “ Sal ” Magluta, ” “, Kate Del Castillo, , Kate del Castillo, Del Castillo, Anya Taylor, Joy —, Beth Harmon, Keyla Monterroso Mejia, Ciara Riley Wilson, Shiv Pai, Kevin Estrada, Eddie Gonzalez, Capri, Jason Genao, Diego Tinoco, Brett Gray, Selena, Selena Quintanilla, kinkajou, Andrés, Juan de Marcos González, Mateus, São Paulo, Alexandre Moratto, Christian Malheiros, Josias Duarte, Cecilia Homem, Rodrigo Santoro, Vitor Julian, Jorge Gutiérrez, Diego Luna, Stephanie Beatriz, Zoe Saldana, Gabriel Iglesias, Nella Larsen, Tessa Thompson, Irene “ Reenie ” Redfield, Hernán Jiménez, Natalie Bauer, Roma, Alfonso Cuarón, Cleo, Guillermo del Toro, Steve Martin, Martin Short, Selena Gomez, Jake Peralta, Andy Samberg, Latinas Melissa Fumero, Amy Santiago, Rosa Diaz, Beatriz, Ezekiel “, ” Reyes, Edward James Olmos, J.D Pardo, Clayton Cardenas, Sarah Bolger, Michael Irby, Carla Baratta, Topher Grace, Caitlin McGee, Jimmy Tatro, Sasheer Zamata, Karla Souza, Denis Leary, Elizabeth Perkins, Francois Arnaud, Chelsea Frei, Jay Baruchel, Josh Segarra, María Gabriela de Faría, Cora, “ Love, Victor ”, Victor, Greg Gayne, Kuhoo Verma, Victoria Moroles, Natalie Morales, Manuel Miranda’s, Thomas Kill, Anthony Veneziale, Jennifer Lopez, Jon Seda, Joe ”, Joe Kimbreau, James Wolk, Natalie Martinez, Ben Feldman, Lauren Ash, Colton Dunn, Nico Santos, Mark McKinney, Nichole Sakura, Danny Gura, Latina, America Ferrera, Peacock, Mark Duplass, Desean Terry, Christine Quesada, Oscar Isaac, Charlize Theron, Chloë Grace Moretz, Javon, ” Walton, Bette Midler, Nick Kroll, Snoop Dogg, Dan Hernández, ” Daniel Craig, James Bond, MGM Daniel Craig’s, Bond, Seydoux, Madeleine, Ana de Armas, Paloma, Eugenio Derbez, Enrique Arrizon, Fernando Carsa, Alcázar, Camila Perez, “ Ted Lasso ” Cristo Fernandez, Ted Lasso, Cristo Fernández, Danny Rojas, Jennifer Aniston, Reese Witherspoon, Billy Crudup, Nestor Carbonell, Jamie Camil, Doc López, Anthony Lee Medina, Octavia Spencer, Miguel, Anthony Gonzalez, Gael García Bernal, Jaime Camil, Benjamin Bratt, “ Coco, Pedro Pascal, Elena Cañero, Reed, Ilana Peña, Tess Romero, Jim Aikman, Preston Sowell, “ Hamilton ” Lin, Father Alexander Hamilton, “ Elena, Avalor, Princess Elena of Avalor, Elena, Jenna Ortega, HBO Max, Ingmar Bergman, Jessica Chastain, Frank Herbert’s, Paul Atreides, Duke Leto Atreides, “ King Richard ”, Reinaldo Marcus Green, Venus, Serena Williams, Richard, Debbie Harper, Joanna Hausmann, Daniel Cole’s, Thalissa Teixeira, Emily Baxter, Henry Lloyd, Hughes, Sergeant Nathan Rose, Lucy Hale, Constable Lake Edmunds, Colman Domingo, Victor Strand, Danay Garcia, Luciana Galves, Rubén Blades, Daniel Salazar Organizations: Netflix, Latina, Puerto, Hollywood, New York, Cuban, Golden Globe, Cocaine Cowboys, South Central, South Central Los Angeles ., NBC, Sony Pictures, , Costa, Hulu, Hulu “ Brooklyn, Peacock, Brea ”, Amazon, Amazon Prime, Apple, YouTube, MGM, ” Apple, English Premier League soccer, Disney, Pixar, Wars, Force, HBO, Paramount, Harper, Facebook, Twitter Locations: Acapulco, Los Angeles, America, Gentefied, Puerto Rican, Mexico, New, Mexican, Venezuelan, Miami, American, South Florida, South, South Central Los Angeles, Dominican American, Colombian, South Texas, Havana, São, Latina, Harlem, Costa Rican, Angeles, East Coast, NBCUniversal, Mexican American, Venezuela, Hulu, Cuban American, New York City, York City, “ La, Brea ”, Honduran, Spanish, Cuban, Niagara Falls, Colombian American, de los, Peruvian American, U.S, Inca, Peru, Guatemalan, Arkansas, Venezuelan American, British Brazilian, Panamanian
“This is going to be a narrow slice of what happened,” said civil attorney Dan Kaiser, who represents several alleged Epstein victims though none involved in this particular trial. And those four, now-grown, women will take the stand and testify against Maxwell, prosecutors have said. Both Epstein and Maxwell knew that some of the victims were minors, the prosecutors say. And as part of her alleged scheme, prosecutors say, Maxwell worked with Epstein to entice the minor victims to travel to his luxury residences across the globe. Alleged Epstein victim Virginia Roberts Giuffre, in a September 2019 “Dateline” interview, stated that Maxwell lured her into the financier’s web.
Persons: Jeffrey Epstein’s, Ghislaine Maxwell, Maxwell, Epstein, Britain’s Prince Andrew, Bill Clinton, Donald Trump, Leslie Wexner, Alison Nathan, , Dan Kaiser, “ Maxwell, Jennifer Araoz, Araoz, , Plaintiff, ” Maxwell, Ian, patsy ”, patsy, Ghislaine, Audrey Strauss, Maxwell “, Robert Maxwell, Nathan, Virginia Roberts Giuffre, Giuffre, prim, ” Giuffre, Andrew, ” Araoz Organizations: Southern, of, NBC, Kaiser, CBS, FBI Locations: British, Ohio, of New York, Manhattan, Bedford , New Hampshire, Brooklyn, Palm Beach , Florida, Santa Fe , New Mexico, New Jersey, Paris, New Hampshire, Trump’s, Lago
ISTANBUL—Turkey’s central bank said Friday the country’s banking sector remained strong and had enough reserves to withstand the currency crisis, taking some pressure off President Recep Tayyip Erdogan to change course on his economic policies. The announcement indicates Turkey’s banks are unlikely to push the government to reverse policies, including interest-rate cuts, that sparked the crisis in the first place, economists said. Mr. Erdogan has pressured the central bank into cutting interest rates despite surging inflation that reached nearly 20% in October. As a result, the local currency has shed nearly 40% of its value this year, wiping out much of the public’s savings and driving discontent with the government.
Persons: Recep Tayyip Erdogan, Mr, Erdogan Locations: ISTANBUL
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew Zealand's housing market is driving wealth inequality, says former central bank governorDon Brash, former governor of the Reserve Bank of New Zealand, discusses why monetary policy won't fix the country's rising house prices.
Persons: Don Brash Organizations: Reserve Bank of New Locations: Reserve Bank of New Zealand
The safe-haven yen rallied and the South African rand tumbled on Friday as investors turned cautious after Britain raised the alarm over a newly identified coronavirus variant spreading in the African nation. The yen leapt as much as 0.56% to 114.68 per dollar, while the rand slumped to a more than one-year trough at 16.17 per dollar as concern flared about the B.1.1.529 variant, which might make vaccines less effective. The risk-sensitive Australian dollar slid as much as 0.33% to a three-month low of $0.71265, ignoring a much-better-than-expected climb in retail sales. By contrast, money markets are pricing for a Fed rate hike by July, with good odds it could come in June. A potentially crucial signpost for U.S. policy direction is due next Friday, with the release of monthly payrolls figures.
Persons: Shinichiro Kadota, Kadota, Haruhiko Kuroda Organizations: Barclays, Bank of Japan, Central Locations: Britain, African, South Africa, Tokyo, Germany, Wednesday's, Europe, Japan
Gold set for worst week in 5 months on hawkish Fed view
  + stars: | 2021-11-26 | by ( )   time to read: +2 min
A five hundred gram gold bar, left, and a a one kilogram gold bar, produced by Swiss manufacturer Argor Hebaeus SA, in Budapest, Hungary, on Wednesday, July 20, 2016. Gold was set on Friday for its worst week in five months, as bullion prices were hammered by increasing bets that the U.S. Federal Reserve would accelerate the pace of stimulus tapering and raise interest rates sooner to curb rising inflation. Spot gold rose 0.2% to $1,792.62 per ounce by 0051 GMT. The metal has declined more than 2.8% this week, heading for its worst week since June 18. Reduced stimulus and interest rate hikes tend to push government bond yields up, raising the opportunity cost of gold, which pays no interest.
Persons: Gold, Goldman Sachs, Hong Kong Organizations: Argor Hebaeus SA, U.S . Federal, European Central Bank Locations: Swiss, Budapest, Hungary, Germany, Europe's, Hong
In a news conference Wednesday, Zhu Fenglian, spokeswoman for China's Taiwan Affairs Office, noted reports of the shooting, without offering any details. Taiwan and China have extradited suspects and convicted criminals across the Taiwan Strait in the past. Since then, Taiwan has received 502 suspected criminals from China, according to data provided by Taiwan's Ministry of Justice. China, on the other hand, has received 21 people from Taiwan, according to the island's Ministry of Justice. Last year, only four suspects were returned to Taiwan from China.
Persons: gunning, Huang, China's, Zhu Fenglian, Lee Dong, Chen Yung, Tsai Ing Organizations: CNN, Investigation, Taiwan's Central News Agency, CNA, Taoyuan International Airport, Ministry of Public Security, China's Twitter, Weibo, China's Taiwan Affairs Office, Taiwan, Chinese Communist Party, Kinmen, Taiwan's Ministry of Justice, island's Ministry of Justice, Democratic Progressive Party Locations: China, Hong Kong, Taiwan, Xiamen, New Taipei City, Taoyuan, Weibo, Taipei, Beijing, People's Republic of China, China's, Guangdong
The U.S. Federal Reserve runs the risk of running behind the curve on interest rates, a former governor of the Reserve Bank of New Zealand told CNBC on Friday. After their early November meeting, Fed officials said the U.S. central bank would begin to slow its bond purchases at a pace of $15 billion a month, effectively ending the bond-buying program in the middle of 2022. After that, the door would be open for the Fed to begin lifting rates. But, meeting minutes for the November session noted that Fed members would be willing to raise interest rates sooner than anticipated if prices keep rising. Market participants now expect the central bank to discuss at next month's meeting whether it should end its bond-buying program more quickly.
Persons: Donald Brash, Brash Organizations: U.S . Federal Reserve, Reserve Bank of New Zealand, CNBC, Fed Locations: U.S, New
It's looking like a Black Friday
  + stars: | 2021-11-26 | by ( )   time to read: +2 min
Special discount on Black Friday sales is offered at a fashion store, as the spread of the coronavirus disease (COVID-19) continues, in Zurich, Switzerland November 27, 2020. REUTERS/Arnd Wiegmann/File PhotoNov 26 (Reuters) - A look at the day ahead from Dhara Ranasinghe. Register now for FREE unlimited access to RegisterThin liquidity following Thursday's U.S. Thanksgiving Day holiday likely exacerbates price moves for sure, but there's little doubt overnight headlines have taken markets by surprise on Friday. read moreThe news comes as Europe already battles a resurgent COVID-19 outbreak, triggering fresh restrictions that raise uncertainty over the near-term economic outlook. In emerging markets, the spotlight passes from Turkey to South Africa for now as the rand breaches the 16.00 level to the dollar for the first time this year.
Persons: Arnd, Christine Lagarde, BOE, Huw Pill, Didi, Dhara Ranasinghe, Karin Strohecker Organizations: Black, REUTERS, Treasury, U.S, European Central Bank, Bloomberg, Register, Thomson Locations: Zurich, Switzerland, Dhara, South Africa, Asia, Japan, Europe, U.S, Botswana, Hong Kong, Ukraine, Russia, China, Turkey
The headquarters of the European Central Bank (ECB) in Frankfurt, Germany, March 12, 2016. REUTERS/Kai Pfaffenbach/File PhotoLONDON, Nov 26 (Reuters) - Euro zone money markets on Friday scaled back bets on a rate hike from the European Central Bank next year as news of a new coronavirus variant spreading across South Africa cast a shadow over the short-term economic outlook. Money market futures were pricing in roughly a 50% chance of 10 basis point rate hike from the ECB in December 2022, having fully priced in such a move earlier this week . That move was reflected by a smiliar pull back in rate hike bets in the United States and Britain. Register now for FREE unlimited access to RegisterReporting by Dhara Ranasinghe Editing by Rachel ArmstrongOur Standards: The Thomson Reuters Trust Principles.
Persons: Kai Pfaffenbach, Dhara, Rachel Armstrong Organizations: European Central Bank, REUTERS, ECB, Thomson Locations: Frankfurt, Germany, South Africa, United States, Britain, Europe
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 23, 2021. UK's FTSE 100 (.FTSE) dropped 2.6%, while Germany's DAX (.GDAXI) fell 2.7% and Spain's IBEX (.IBEX) lost 3.4%. Cyclical-heavy European stock markets have already been under stress this week as a resurgence in COVID-19 cases prompted new restrictions in several countries. Shares in British Airways owner IAG (ICAG.L) and easyJet (EZJ.L), cruise operator Carnival (CCL.L) and travel company TUI fell between 9% and 10%. The virus scare prompted euro zone money markets to scale back bets of a rate hike from the European Central Bank next year.
Persons: Safran, Germany's DAX, COVID, Emma Wall, Hargreaves Lansdown, Sruthi Shankar, Bansari, Subhranshu Sahu, Arun Koyyur Organizations: REUTERS, Airbus, FTSE, Britain, British Airways, IAG, TUI, European Central Bank, U.S, Thomson Locations: Frankfurt, Germany, South Africa, Botswana, Hong Kong, Bengaluru
Lolita Taub went from growing up in South Central Los Angeles to a successful career in venture capital. Taub eventually met her business partner Jesse Middleton, who she started the Community Fund with last year. The two raised $5 million to invest in underrepresented founders. But Taub got a lot of pushback from investors about her vision to fund underrepresented founders. Taub swears by staying true to her personal values in raising a fund, and encourages other young investors to do the same.
Persons: Lolita Taub, Taub, Arlan Hamilton, Jesse Middleton Organizations: South Central, Lightspeed Venture Partners, USC, IBM, Backstage Capital, Indie VC, Lightspeed, Fund Locations: South, South Central Los Angeles, Catalyte, Andover
The best Black Friday streaming service dealsHulu, Philo, Prime Video, and Youtube Premium all have Black Friday sales going on this week. Hulu Monthly Subscription (Black Friday Deal) Save a huge 85% on an ad-supported Hulu subscription for an entire year. Free from YouTube Originally $11.99 Save 100%Black Friday streaming service deals FAQsHow do I choose the right streaming service? The right streaming service for your needs will depend on your budget and whether you want access to live or on-demand content. Live streaming services like Sling TV, Philo, Fubo TV, YouTube TV, and Hulu + Live TV are a great fit for people who want an alternative to cable.
Persons: Hulu, Philo, it's, Fubo, HBO Max Organizations: Black, Hulu, PT, AMC, Comedy Central, HGTV, Amazon Music, Disney Plus, Prime, Starz, Disney, Music, Amazon, YouTube, Sling, Netflix, HBO
Towering musical theater master Stephen Sondheim dies at 91
  + stars: | 2021-11-26 | by ( )   time to read: +14 min
A Broadway theater was named after him. The Guardian newspaper once offered this question: "Is Stephen Sondheim the Shakespeare of musical theatre?" The following year, Sondheim wrote the score for "Follies," a look at the shattered hopes and disappointed dreams of women who had appeared in lavish Ziegfeld-style revues. Sondheim was born March 22, 1930, into a wealthy family, the only son of dress manufacturer Herbert Sondheim and Helen Fox Sondheim. At the same time, Sondheim wrote his first musical, "Saturday Night," the story of a group of young people in Brooklyn in 1920s.
Persons: Stephen Sondheim, Sondheim, Sweeney Todd, Frank Sinatra, Judy Collins, Ingmar Bergman, Georges Seurat, George, Lea Salonga, Aaron Tveit, Cameron Mackintosh, Tony, Dick Tracy, Olivier, Shakespeare, who's, Oscar Hammerstein, Leonard Bernstein, Romeo, Juliet, Jule Styne, Rose Lee, Zero Mostel, Richard Rodgers, , Dean Jones, Hal Prince, Elaine Stritch, Jerome Kern, Cole Porter, Glynis Johns, Len Cariou, Angela Lansbury, Catherine Zeta, Jones, John Weidman, Prince, Cariou, George S, Kaufman, Moss Hart, James Lapine, Mandy Patinkin, Bernadette Peters, Jake Gyllenhaal, Peters, John Wilkes Booth, John Hinckley, Donna Murphy, Nathan Lane, Weidman, David Ives, Ives, Herbert Sondheim, Helen Fox Sondheim, Sondheim's, Oscar Hammerstein II, James, Milton Babbitt, Anthony Perkins, Sheila, Alain Resnais, Warren Beatty's, Tyne Daly, Phil Silvers, Vanessa Williams, Julie Andrews, Carol Burnett, Neil Patrick Harris, Stephen Colbert, Lapine, Peter Jones, Jeff Romley, Henry Miller, I'm, I've Organizations: Guardian, Company, Broadway, Lapine, Red Riding, The Public, Lincoln Center, Yale University, Public Theater, Williams College, Reds, The New York Philharmonic, HBO, Henry Miller Theatre Locations: Roxbury , Connecticut, Japan, French, York, New York, Rome, Central Park, Doylestown, Pa, Bucks, Massachusetts, Brooklyn
And the chances of the Bank of England raising rates next month are seen around 53%, from 75% on Thursday. Currency traders had been favouring the U.S. dollar and others where rate hike prospects appeared strong, driven by higher inflation and stronger economies. Positioning on yen, Swiss franc and euro meanwhile has been bearish, reflecting the view policy tightening is distant for those countries. The sharp yield drop on 2-year Treasury notes -- a bond segment particularly sensitive to interest rate changes -- pushed its yield premium over Germany 10 bps lower . That view resonated across southern European bond markets, the programme's biggest beneficiaries.
Persons: Jerome Powell's, Brendan McDermid, Chris Scicluna, Joe Biden, Jerome Powell, Francesco Pesole, Arend Kapteyn, Peter McCallum, McCallum, Dhara Ranasinghe, Sujata Rao, Saikat Chatterjee, Yoruk, Toby Chopra Organizations: U.S . Federal, New York Stock Exchange, REUTERS, Federal Reserve, European Central Bank, Bank of,, Reuters Graphics, Treasury, U.S ., U.S, CFTC, Swiss, ING Bank, UBS Investment Bank, Kiwi, ECB, Thomson Locations: New York, U.S, Bank of England, South Africa, Daiwa, Britain, Europe, ECB's
President of the European Central Bank (ECB) Christine Lagarde speaks as she takes part in a news conference on the outcome of the Governing Council meeting, in Frankfurt, Germany, October 28, 2021. The ECB backstop Pandemic Emergency Purchase Programme (PEPP) has allowed the vulnerable bond markets of Italy, Spain, Portugal and Greece to borrow and spend freely during the coronavirus pandemic without being punished by investors. "Given current circumstances, I expect that we will not carry out any further (PEPP) bond purchases from early next year," Lagarde was quoted by the Frankfurter Allgemeine Zeitung as saying. And do not forget that we have other purchase programmes in our toolkit." "It's eye-catching at the moment and is worrying a lot of people but we do not expect this rise in inflation to last," Lagarde said.
Persons: Christine Lagarde, Kai Pfaffenbach BERLIN, Lagarde, Maria Sheahan, Kirsti, Sarah Marsh, Emelia Sithole Organizations: European Central Bank, REUTERS, Frankfurter Allgemeine Zeitung, ECB, Thomson Locations: Frankfurt, Germany, Italy, Spain, Portugal, Greece
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinancial services firm forecasts New Zealand central bank policy in 2022Sharon Zollner of ANZ discusses the Reserve Bank of New Zealand's decision to increase rates again. She weighs in on some of the measures it might take next year.
Persons: Sharon Zollner Organizations: Financial, ANZ, Reserve Bank of New Locations: New Zealand
Dollar reigns as hawkish Fed stands out among central banks
  + stars: | 2021-11-25 | by ( )   time to read: +3 min
San Francisco Federal Reserve Bank President Mary Daly also said in an interview with Yahoo Finance on Wednesday that she could see a case being made to speed up the Fed's tapering of its bond purchases. The dollar was little changed at 115.355 yen, holding close to the overnight high of 115.525, a level not seen since January 2017. While the U.S. calendar is mostly empty on Thursday due to the Thanksgiving holiday, minutes from the European Central Bank's Oct. 28 meeting are due for release. In a news conference after the monetary authority left policy unchanged at that meeting, ECB president Christine Lagarde said officials had discussed "inflation, inflation, inflation," but after "a lot of soul-searching" had stuck to the view that inflationary forces will prove transitory. Elsewhere, the risk-sensitive Australian dollar rose 0.17% to $0.7208, lifting off Wednesday's $0.7185, its lowest level since September.
Persons: Mary Daly, Tapas Strickland, dovish Daly, Christine Lagarde, Frank Elderson, Edouard Fernandez, Bollo, Sterling, BOE, Andrew Bailey, Bailey Organizations: U.S ., Federal Reserve, San Francisco Federal Reserve Bank, Yahoo Finance, National Australia Bank, Investors, Bank of England, Cambridge University, New Zealand, country's, Bank Locations: Europe, Japan, U.S
Gold edges higher as dollar eases; hawkish Fed limits gains
  + stars: | 2021-11-25 | by ( )   time to read: +2 min
Pure 1,000-gram gold bars produced by South Korea's LS-Nikko are stacked in a dealers room in Seoul on January 9, 2009. Gold prices edged up on Thursday as the dollar eased slightly, but comments from U.S. Federal Reserve policymakers suggesting the central bank could accelerate stimulus tapering weighed on the metal and kept it well below the key $1,800 mark. Spot gold rose 0.2% to $1,792.05 per ounce by 0137 GMT, after slipping to its lowest since Nov. 4 on Wednesday. The dollar index edged 0.1% lower off its highest in 16 months hit on Wednesday, reducing the metal's cost to buyers holding other currencies. The number of Americans filing new claims for unemployment benefits fell to their lowest level since 1969 last week, suggesting economic activity was accelerating.
Persons: Fabio Panetta Organizations: South Korea's, Nikko, U.S . Federal, U.S . Commerce Department, Price, U.S, European Central Bank, ECB Locations: Seoul, U.S, .
People walk in the Central Business District (CBD) on a hazy morning in Beijing, China, October 25, 2021. REUTERS/Thomas PeterSHANGHAI, Nov 25 (Reuters) - Chinese regulators have opened an investigation into the use of insurance funds in a bid to combat any illegal use and to curb risk in the industry, the state-backed Shanghai Securities News reported on Thursday. It said an earlier routine inspection had found some insurance institutions had serious compliance issues. Regulators will look into investment activities of insurers which was beyond the allowed investment scope, including those invested into commercial real estates projects, and into unlisted property developers, the report said, citing unnamed sources from insurance firms. It will also look into areas where insurers helped to raise funds for property projects irregularly, or even breached the fund raising limit, the report added.
Persons: Thomas Peter SHANGHAI, Brenda Goh, Cheng Leng, Christopher Cushing, Grant McCool Organizations: Central Business, REUTERS, Shanghai Securities, Thomson Locations: Beijing, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'It's the right move,' says economist after South Korea's central bank hikes ratesTrinh Nguyen of investment bank Natixis says the Bank of Korea's move will benefit the country's economy and keep it in sync with the United States Federal Reserve.
Persons: Nguyen, Natixis Organizations: Bank of Korea's, United States Federal Reserve Locations: South
"Feel the Bit" read the giant screen before Bukele - who brands himself "CEO of El Salvador" on Twitter - came on stage. But some in El Salvador and beyond expressed outrage at the glitzy event in a nation beleaguered by inequality, violence and poor public services. El Salvador currently faces a $500 million budget gap for next year according to credit rating agency Fitch. But the bitcoin bond is not designed to cover that gap. The 10-year bitcoin bond offers a 6.5% coupon, payable yearly, but another Salvadoran bond that matures in 2032 is currently yielding close to 13.9%.
Persons: El, Nayib Bukele, Bukele's, Fitch, Graham Stock, , Moritz Wietersheim, bitcoin, , Bukele, Rodrigo Campos, Daniel Flynn, Aurora Ellis Organizations: REUTERS, Jose, SALVADOR, Central American, U.S ., bitcoin, El, Twitter, Blockstream, Financial, U.S, Investors, Graham, Bat Asset Management, Fund, IMF, Specter Solutions, Salvadoran, Thomson Locations: Teotepeque, El Salvador, Bitcoin City, New York
An employee of the Korea Exchange Bank counts one hundred U.S. dollar notes during a photo opportunity at the bank's headquarters in Seoul April 28, 2010. The index has climbed 2.77% this month as traders bet that heated inflation would force earlier interest rate hikes than Fed officials had signalled. read moreAlso overnight, readings on the labour market and consumer spending outstripped economists' estimates, while inflation continued to heat up. In a news conference after the monetary authority left policy unchanged at that meeting, ECB President Christine Lagarde said officials had discussed "inflation, inflation, inflation," but after "a lot of soul-searching" had stuck to the view that inflationary forces will prove transitory. Elsewhere, the risk-sensitive Australian dollar edged up 0.06% to $0.7201, not far from Wednesday's $0.7185, its lowest level since September.
Persons: Jo Yong, Chris Weston, Mary Daly, Daly, Tapas Strickland, Christine Lagarde, Frank Elderson, Edouard Fernandez, Bollo, Sterling, BOE, Andrew Bailey, Bailey, Kevin Buckland, Ana Nicolaci da Costa Organizations: Korea Exchange Bank, REUTERS, U.S ., Federal Reserve, Francisco Fed, Yahoo Finance, National Australia Bank, Bank of England, Cambridge University, New Zealand, country's, Bank, Thomson Locations: Seoul, Europe, Japan, Melbourne, U.S
Germany's central bank warned Thursday about skewed valuations in the housing market, calling it a "specific vulnerability" as property prices continue to soar. "We have basically seen all indicators — prices, credit — those indicators kept increasing in Germany and you don't really see a big effect of the pandemic," Claudia Buch, vice-president at the Bundesbank said. The latest financial stability review by the Bundesbank also noted Thursday that German lenders should build up capital buffers to address these potential issues in the housing market. There are concerns that with overvaluation in the sector, banks are not estimating the true value of collateral correctly, and are therefore more exposed to future price adjustments. "Financial stability would be at risk if destabilizing developments were to take hold in the property market, whereby rising credit volumes and prices were to coincide with a deterioration in borrowers' debt sustainability," the German central bank said in the report.
Persons: Claudia Buch, Karen Tso Locations: Germany
"I had kind of gotten into a bit of a rut, even though from the outside my life looked pretty good," Gach says. First, he wanted to move out of his parents' house and into his own place. Finally, he wanted to move from Michigan to a big city like New York. Photo courtesy Sam GachMaking all these moves required money, and Gach made sure he was financially sound before jumping to his next step. "My savings level wasn't actually going down after quitting my job," Gach says.
Persons: Gach, he's, Sam Gach, Roth Organizations: University of Michigan Locations: Michigan, New York, Central, Kellogg's, Chicago
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