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A man convicted in the murder and robbery of Philadelphia rapper PnB Rock at a famous Los Angeles eatery was sentenced Monday to 31 years to life in prison. Los Angeles County Superior Court Judge Connie Quinones read his sentence Monday at the Compton Courthouse. Moore said an "extensive amount" of jewelry was taken from PnB Rock in the deadly robbery. NBC Los Angeles reported that Trone is a South Los Angeles gang member. On Monday, Los Angeles County District Attorney George Gascón said in a statement that Trone's affirms that justice will prevail for PnB Rock's loved ones.

Persons: PnB, Freddie Lee Trone, Connie Quinones, Trone, Rakim Hasheem Allen —, Winston McKesson, Michel Moore, Moore, Tremont Jones, Shauntel Trone, Freddie Lee's, George Gascón, Trone's, PnB Rock's, Gascón Organizations: Prosecutors, Los Angeles Police, NBC News, NBC Locations: Philadelphia, Los Angeles, South Los Angeles, Los, NBC Los Angeles, Los Angeles County

☆ India's state-run banks to lower bond purchases as liquidity tightens - treasurers
▼ + stars: | 2023-10-13 | by ( Dharamraj Dhutia | ) www.reuters.com time to read: +2 min

MUMBAI (Reuters) - India’s state-owned banks will slow government bond purchases in the weeks ahead as banking system liquidity tightens, treasury officials from nine state lenders said. REUTERS/Hemanshi KamaniBond yields have spiked since Oct. 6, when the central bank said it will keep monetary policy restrictive and sell bonds to manage banking system liquidity. These lenders have bought 253 billion rupees ($3 billion) of government debt since Sept. 22, including 100 billion rupees on Oct. 6. Banking system liquidity - the quantum of funds in the interbank market - has largely been in deficit from the middle of September. Bond traders expect the banking system’s cash position to stay in deficit because of tax payments and likely bond sales by the Reserve Bank of India (RBI).

Persons: “, ” Vijay Sharma, PNB Gilts, Bond Organizations: REUTERS, Banking, Reserve Bank of India, “ Locations: MUMBAI, ”, India

☆ India's state-run banks to lower bond purchases as liquidity tightens, treasurers say
▼ + stars: | 2023-10-13 | by ( Dharamraj Dhutia | ) www.reuters.com time to read: +2 min

MUMBAI, Oct 13 (Reuters) - India's state-owned banks will slow government bond purchases in the weeks ahead as banking system liquidity tightens, treasury officials from nine state lenders said. Bond yields have spiked since Oct. 6, when the central bank said it will keep monetary policy restrictive and sell bonds to manage banking system liquidity. These lenders have bought 253 billion rupees ($3 billion) of government debt since Sept. 22, including 100 billion rupees on Oct. 6. Reuters GraphicsBanking system liquidity - the quantum of funds in the interbank market - has largely been in deficit from the middle of September. Bond purchases would be incremental and linked to rise in yields, say at every 3-4 basis points, the treasury head at the state-run bank said.

Persons: Vijay Sharma, PNB Gilts, Dharamraj Dhutia, Swati Bhat, Mrigank Organizations: Reuters Graphics Banking, Reserve Bank of India, Thomson Locations: MUMBAI, India

☆ Malaysia's Permodalan Nasional weighs $2.15 bln automakers merger in EV push - sources
▼ + stars: | 2023-08-24 | by ( Yantoultra Ngui | Thomson Reuters | Yantoultra Ngui Is A Southeast Asia Deals Correspondent With Reuters In Singapore | ) www.reuters.com time to read: +2 min

PNB holds 60.6% of industrial group UMW Holdings (UMWS.KL), which in turn owns 38% of Perodua, the country's biggest automaker by market share. PNB, Sime Darby, UMW and Perodua declined to comment. Elsewhere in Southeast Asia, Vietnam has EV maker VinFast , while Indonesia has nickel producers including Merdeka Battery (MBMA.JK) and Trimegah Bangun (NCKL.JK) supplying the key battery metal in the global EV supply chain. Sime Darby Motor has been pushing for the adoption of EVs in Malaysia. Perodua is also eyeing breaking into the EV market and embarked last year on a study to build its first hybrid vehicle.

Persons: Otomobil, Sime Darby, PNB, Trimegah, Yantoultra Ngui, Tom Hogue, Sonali Paul Organizations: Malaysia EV, EV, Sime Darby, Permodalan, Darby Motors, State, Sime, Sime Darby Motors, UMW Holdings, country's, Daihatsu, MBM Resources, Mitsui & Co, VinFast, Merdeka, Sime Darby Motor, Thomson Locations: Malaysia, Malaysia SINGAPORE, Permodalan Nasional, Malaysian, Southeast Asia, Perodua's, Perodua, UMW, Vietnam, Indonesia, The Selangor, Peninsular Malaysia

☆ Strategists are struggling to figure out what stocks will do in 2023
▼ + stars: | 2022-12-29 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The big sport everyone follows is the 2023 year-end price estimates for the S & P 500 . Strategist estimates for 2023 are all over the map Strategists, not surprisingly, remain a fairly bullish lot. The same survey of strategists indicated earnings estimates for 2023 varied widely, but most expect earnings will be lower. The average of strategists think 2023 will see earnings at $210, a drop of 4.5%. Collectively, analysts see 2023 S & P 500 earnings at $230, a gain of 4.5%.

Organizations: & $

☆ Takeoff’s killing: Details from the coroner’s report and Offset’s subtle tribute
▼ + stars: | 2022-11-03 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —New details regarding the death of Takeoff have been revealed as the artist continues to be mourned. Takeoff, who came to fame as one-third of the platinum-selling rap group Migos, was shot and killed early Tuesday at a private party in Houston, Texas. The Harris County Medical Examiner’s Office listed the manner of death as homicide with “penetrating gunshot wounds of head and torso into the arm” stated as the cause of his death. “That’s why I don’t even really post like that, or if I do, I post after I left the spot. I post tomorrow or the next day and you think I’m at a location.

CNN —Houston officials vowed to deliver justice in the killing of rapper Takeoff, with the chief of police calling the 28-year-old Atlantan a “peaceful” man and urging any witnesses to the shooting to come forward. There were roughly 40 people at the event, many of whom left “possibly out of fear,” Houston Police Chief Troy Finner said. “This great city, with our great citizens, with our police department – we will find who’s responsible for it. Finner was clear, however, that investigators do not believe Takeoff was “involved in anything criminal at the time,” he said. Rap star was on an upward trajectoryThe news of Takeoff’s death was a blow to the hip-hop community, still reeling from the fatal shooting of rapper PnB Rock in September.

☆ PnB Rock’s girlfriend says he saved her life before he was killed
▼ + stars: | 2022-10-14 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —The girlfriend of slain rapper PnB Rock says she’s “100% not ok.”In an Instagram post Thursday, Stephanie Sibounheuang talked about the shooting attack last month that claimed the life of the 30-year-old rapper. “My man saved my life, Throwing me under that table. I am,” she wrote in the caption of a video showing special moments between the couple. The rapper was gunned down during an attempted robbery while the pair were dining together. No matter how rich u are, how famous u are, how spiritual u are.

These rappers are part of a string of artists who have died by gun violence, with at least one rapper being fatally shot every year since 2018. But experts say the problem is much more complex than that. Elaine Richardson, a professor at Ohio State University who specializes in African American cultures, literacy and hip-hop, said it’s important to prioritize systemic issues when we discuss the killings of rappers. La Rock, who was part of the influential hip-hop group Boogie Down Productions, was fatally shot outside a Bronx apartment complex that summer. “There’s this prevailing notion that rap artists have the most dangerous job, but I don’t subscribe to that.”

An arrest was made Tuesday in this month’s fatal shooting of rapper PnB Rock during a robbery at a restaurant in South Los Angeles. The shooter robbed PnB Rock, making off with multiple items, the officials said. Detectives made an arrest Tuesday as they pursued at least two people in the slaying, multiple law enforcement sources told NBC Los Angeles. Representatives of the Los Angeles County district attorney’s office also did not immediately respond. “PnB Rock was more than an artist.

CNN —The Los Angeles Police Department identified a suspect and arrested two other people in connection with the fatal shooting of rapper PnB Rock earlier this month. Freddie Lee Trone was identified “as being a person involved” in the killing of the rapper, according to a LAPD news release. The fatal shooting of PnB Rock took place September 12 while the rapper and his girlfriend were eating at Roscoe’s House of Chicken ‘N Waffles on West Manchester Avenue, according to LAPD Chief Michel Moore. PnB Rock “had an extensive amount of jewelry and other valuables,” Moore said. Between 2016 and 2019, PnB Rock had eight songs on the Billboard Hot 100, four of which were in 2019.

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