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☆ Japan's Nikkei falls over 2% amid suspected yen intervention; U.S. inflation cools more than expected
▼ + stars: | 2024-07-12 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Early Friday, the yen also suddenly strengthened against the dollar after the U.S. inflation data release, prompting analysts and traders to suspect a possible intervention from the country's ministry of finance. The yen traded at 158.55 against the U.S. dollar at roughly 12 a.m. Tokyo time after trading around 161.52 late Thursday. The currency strengthened further against the greenback, currently standing at 158.23. On Friday, Japan's top currency diplomat Masato Kanda said that authorities will take action as needed in the foreign exchange market. Reuters also reported that Kanda said recent yen moves were somewhat rapid, but declined to comment on whether authorities had intervened in the currency.

Persons: Masato Kanda, Kanda Organizations: Federal Reserve, U.S, greenback, Reuters Locations: Asia, Pacific, U.S, Tokyo

Radhika Merchant and Anant Ambani's wedding begins on Friday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA four-day cruise, a performance by Rihanna, and a mass wedding for 50 couples were all just the lead-up to the glitziest wedding of the year. Radhika Merchant and Anant Ambani , the youngest son of Asia's richest man , are getting married in Mumbai on Friday, with events following on Saturday and Sunday. This story is available exclusively to Business Insider subscribers.

Persons: Radhika Merchant, Anant Ambani's, Priyanka Chopra, Nick Jonas, Kim Kardashian, —, Rihanna, Anant Ambani Organizations: Service, Business Locations: Mumbai

☆ Behind the scenes of billionaire Indian weddings: Hired 'shadows,' phone bans, and a circus master to lead the chaos
▼ + stars: | 2024-07-12 | by ( Shubhangi Goel | Lian Kit Wee | ) www.businessinsider.com time to read: +7 min

"Now, when it comes to a high-net-worth wedding or a celebrity wedding, everything becomes 10 times or hundred times" of that cost, Aggarwal said. AdvertisementPlanners' cost estimates of the Ambani wedding varied widely, from tens of millions of dollars to hundreds of millions of dollars. For a big celebrity wedding, planners divide their staff into teams and hire hundreds of additional people leading up to and on the day of the ceremony. Setting a blueprint for other weddingsThe Ambani wedding is already influencing how other Indians are envisioning and planning their own nuptials. The festivities are slated to kick off Friday at the Jio World Convention Centre, which is owned by the Ambani family.

Persons: —, Radhika Merchant, Anant Ambani, Ambani, Nishita Aggarwal, Nishita, Rihanna, Justin Bieber, Katy Perry, Pitbull, Purvi Modgil, Aggarwal, Isha Ambani, Anant Ambani's, Modgil, Darshan Shroff, We've, Abu Jani Sandeep Khosla, Tarun Tahiliani, Abu Jani, Sandeep Khosla, Ashish Vaishnav, Bharat Jagasia Organizations: Service, Business, Planning, Boys, Reliance, Forbes, butlers, Planners, Convention Locations: Mumbai, India, Getty, Delhi

☆ Japan: Beachgoer swept away on floating ring survives 36-hour ordeal at sea
▼ + stars: | 2024-07-12 | by ( Nodoko Katsura | Kathleen Magramo | ) edition.cnn.com time to read: +1 min

Tokyo CNN —A beachgoer who was swept 80 kilometers (50 miles) out to sea in a floating ring has been rescued off Japan’s east coast some 36 hours after she went missing, authorities said. She had been spotted earlier by a cargo ship crew, which radioed the tanker for help, the coast guard added. The coast guard flew the woman by helicopter to the city of Yokohama, where she was taken to the hospital for assessment following her overnight ordeal. There is no need for hospitalization,” the coast guard said. Authorities said the woman was likely swept away by currents and moderately strong winds, NHK reported.

Organizations: Tokyo CNN, Japan Coast Guard, CNN, NHK, Authorities Locations: Tokyo, Yokohama, Shimoda, Shizuoka prefecture, Japan

☆ How Can Europe Reduce Its Military Dependency on the United States?
▼ + stars: | 2024-07-12 | by ( Steven Erlanger | ) www.nytimes.com time to read: +1 min

Even the European members of NATO say that they must do more to defend themselves as the war in Ukraine grinds on and the United States shifts its priorities to Asia and a rising China. In fact, European member states have made considerable progress in the last few years to restore more credibility to deterrence against Russia. But they began from a low base, having cut military spending sharply after the collapse of the Soviet Union and reacting with complacency to Russia’s annexation of Crimea in 2014. There is a lot more that the Europeans should do to become less dependent on the United States, NATO officials and analysts said this week during the alliance summit in Washington. That includes committing more money to defense, building up arms manufacturing and coordinating the purchase of weapons systems that could replace those now provided solely by the Americans.

Persons: Donald J, Trump Organizations: NATO Locations: Ukraine, United States, Asia, China, Russia, Soviet Union, Crimea, Washington

☆ 14 analysts raised their price targets on this Chinese tech giant in the past 3 weeks
▼ + stars: | 2024-07-12 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

One Chinese tech stock got a lot of love from analysts in recent weeks. That's internet giant Tencent, which is known for its gaming business and runs WeChat, one of the world's largest messaging apps. Fourteen analysts raised their price targets for the stock and none lowered it in the past three weeks, according to a CNBC Pro screen using FactSet. CNBC Pro screened for stocks that had their price targets raised in that period by all analysts covering them. Of all Chinese internet stocks, Tencent offers "one of the most visible and sustainable" profit growth of around 20%, Goldman said in its July 1 note.

Persons: Tencent, Goldman, Jefferies, FactSet, Tencent's Organizations: CNBC, CNBC Pro, Hong Locations: Asia, Hong Kong, China

☆ JPMorgan is bullish on this Southeast Asian country, cites opportunities in data centers
▼ + stars: | 2024-07-11 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

NEW YORK, NEW YORK - MAY 26: The JPMorgan Chase logo is seen at their headquarters building on May 26, 2023 in New York City. Data centers have been widely talked about and Malaysia is emerging as an attractive investment opportunity offering different sectors and ideas to play, according to JPMorgan. "It's a multi-theme story going on," Rajiv Batra, head of Asia-Pacific (ex-Japan/China) equity strategy at JPMorgan, told CNBC's "Squawk Box Asia" Wednesday. Penang has proven themselves as a tech hub overall," said Batra, adding that Malaysia offers "multiple sectors and ideas to play." "Besides that, we are seeing they are going into the electric vehicles, they are going into the green energy overall.

Persons: Rajiv Batra, CNBC's, Batra Organizations: NEW, JPMorgan Chase, New York City ., JPMorgan, Malaysia Locations: New York City, Malaysia, Asia, Pacific, Japan, China, Penang, Kuala Lumpur, Southeast Asia

☆ NATO's increasing focus on China and what it means for Asia
▼ + stars: | 2024-07-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNATO's increasing focus on China and what it means for AsiaWith NATO's increasing focus on China, what does it mean for other Asia countries such as Japan, South Korea, Southeast Asian nations and Australia? CNBC's Martin Soong, Sri Jegarajah, Sam Vadas and Lin Lin talk about the big geopolitical shift in the region.

Persons: CNBC's Martin Soong, Sri Jegarajah, Sam Vadas, Lin Lin Locations: China, Asia, Japan, South Korea, Southeast, Australia

☆ The fastest-growing city in America has 2 things everyone wants, its mayor says
▼ + stars: | 2024-07-11 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

Instead, it's a small town in the South that only welcomed its first Starbucks in 2022: Celina, Texas. Celina mayor Ryan Tubbs told Business Insider that he believes people are drawn to two main things about Celina: its relative affordability and its tight-knit community. According to the city, from 2010 until June 2024, 15,062 single-family permits have been issued for Celina. Michelle Clifford, her husband, and children are moving to Celina, Texas, in July. Courtesy of the city of CelinaTo preserve Celina's friendly vibe, the city puts on events, especially in its downtown square.

Persons: —, Celina, Ryan Tubbs, Tubbs, Taylor Morrison, Toll, Michelle Clifford, Clifford, Celina —, Antonio — Organizations: Service, Business, Census, Highland Homes, North Texas Tollway, Texans Locations: New York, Franciso, Celina , Texas, Celina, Dallas, Collin County, Texas, California , Florida, Georgia , Illinois, Missouri, Africa, Asia, Central America, Europe, Highland, Celina ., California, Prosper , Texas, San Diego, Preston, New Braunfels, Austin

☆ Dollar adrift ahead of U.S. inflation test; sterling firms
▼ + stars: | 2024-07-11 | by ( ) www.cnbc.com time to read: +3 min

The dollar fell a touch on Thursday although moves were largely subdued ahead of a U.S. inflation report due later in the day, while sterling firmed on receding expectations for an August rate cut from the Bank of England (BoE). The dollar fell a touch on Thursday although moves were largely subdued ahead of a U.S. inflation report due later in the day, while sterling firmed on receding expectations for an August rate cut from the Bank of England. BoE Chief Economist Huw Pill on Wednesday said price pressures in Britain's economy were persistent and that the timing of a first rate cut was an "open question". His colleague Catherine Mann signalled she is unlikely to vote for an interest rate cut in August. Against the greenback, the euro gained 0.04% to $1.0834, and the Aussie dollar rose 0.01% to $0.6754.

Persons: BoE, Huw Pill, Catherine Mann, Carol Kong, Jerome Powell Organizations: Bank of England, Monetary, ANZ, MPC, Commonwealth Bank of Australia, Federal Reserve, U.S, New Zealand, Reserve Bank of New, Bank of Japan Locations: U.S, Asia, Japan

☆ Japan's Nikkei smashes past 42,000 mark to all-time high; Asia-Pacific markets climb on tech rally and rate cut hopes
▼ + stars: | 2024-07-11 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Commercial and residential buildings are illuminated at dawn in Seoul, South Korea, on Saturday, Oct. 21, 2023. Japan's Nikkei 225 surged to a fresh high on Thursday, crossing the 42,000 mark for the first time. Other Asia-Pacific markets rose on the back of a U.S. Big Tech rally and greater confidence on Federal Reserve rate cuts. Chip stocks were among the biggest winners of the U.S. trading session. In Asia, investors will be watching for any spillover optimism in the region's tech stocks, particularly in Japan, where chip related companies have lifted the Nikkei 225 to record highs.

Persons: Topix Organizations: Nikkei, Big Tech, Taiwan Semiconductor Manufacturing Company, Qualcomm, Broadcom, Bank of Locations: Seoul, South Korea, Asia, Pacific, U.S, Japan

☆ My wife and I sold our home in Texas and started traveling the world with our 4-year-old to find a new place to live. We've been to 29 countries so far.
▼ + stars: | 2024-07-11 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +9 min

Read previewThis as-told-to essay is based on a conversation with Jimmy Sweeney, a 31-year-old dad who has been traveling the world with his wife, Brooke, and 4-year-old daughter, Isla, to find a new home since June 2023. Brooke and I have always loved traveling, and having a kid, we knew we didn't want to change that. We sold our house and started our journey in EuropeWe put our house on the market in April of last year. Seeing the stories kids in a place are growing up with is a great way to learn about a culture. We've loved a lot of places so farIt doesn't take long to understand whether you relate to or feel a part of somewhere.

Persons: —, Jimmy Sweeney, Brooke, I've, We've, it's, Brooke Sweeney, Jimmy Sweeney I've, Isla, Jimmy Sweeney It's, We're, that's, You'll, Sweeney Organizations: Service, New Zealand, Business, China Locations: Australia, New, Fort Worth , Texas, Texas, Europe, Florida, Taiwan, Munich, Germany, New Zealand, Japan, Kuala Lumpur, Southeast Asia, Spain, Denmark, Goreme, Amber, Jaipur, India

☆ Looking for dividend stocks? Here are Morgan Stanley's top Asia picks for the quarter
▼ + stars: | 2024-07-11 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

The uncertainty has led Morgan Stanley to reiterate its recommendation to buy dividend stocks. The investment bank noted that the MSCI Asia Pacific ex-Japan High Dividend Index has slightly underperformed the MSCI Asia Pacific ex-Japan index in the second quarter of the year, albeit by only 0.34 percentage points. "We still prefer Dividend stocks given cautious risk sentiment in Asia/EM and see support in valuations for quality dividend stocks due to their defensiveness. Investor appetite on corporate reform and shareholder return theme in Asia/EM also remain high, which are likely to benefit dividend stocks." The company provides distillery services and Morgan Stanley sees it benefitting from "improving demand for high-end products and mid-market brands."

Persons: Morgan Stanley, Morgan, Wuliangye, — CNBC's Michael Bloom Organizations: Asia, UST, U.S . Treasury, Wuliangye Yibin Company, China's Shenzhen Stock Exchange, FTSE, G, Won, Korea Exchange, American Locations: Japan, Asia, Pacific, China, FTSE China, Korean, U.S

☆ Millionaires are leaving Hong Kong, but its art scene is booming
▼ + stars: | 2024-07-11 | by ( ) www.cnbc.com time to read: +13 min

Narration: Home to a host of financial institutions, Hong Kong is one of the world's wealthiest cities. The Hong Kong Art Gallery Association recorded a 27% increase in member galleries between 2021 and 2023. Nicolas Chow: Chinese art and ancient Chinese art is really at the genesis of Sotheby's Hong Kong when we came here. Angelle Siyang-Le: We firmly believe that Hong Kong is the best place to do art business in Asia, Hong Kong is a natural melting. Emily Tan: That's all from Hong Kong – join us next time in a new city as we explore 'The Art of Appreciation.'

Persons: –, Nicolas Chow, Emily Tan, we've, they've, It's, Emperor Chen, Chen, it's, I'm, who'll, she's, Mak2, Allison Cheung, Angelle, Hong Kong, they're, Emily, Hong Kong – Organizations: Hong, Hong Kong Art Gallery, Asia, Art, Basel, Art Basel Locations: Hong Kong, Asia, Art Basel, Sarthe, Hong Kong's, Swiss, Basel, Miami, Paris, Hong, US, Australia, Switzerland, France, Southeast Asia, Korea, Mak2, Sims

☆ Cigarettes After Sex and Gen Z’s Passion for Dream-Pop
▼ + stars: | 2024-07-11 | by ( Ben Sisario | ) www.nytimes.com time to read: +1 min

In 2016, after a four-year-old track by a struggling Brooklyn band called Cigarettes After Sex blew up on YouTube, the group’s brand of crisp, lovesick minimalism began selling out clubs all over Europe. At a tour stop in Prague, Greg Gonzalez, its leader, saw unticketed fans weeping in the street. This is music that’s meant for emotional people that are in love. So I thought, that’s what I want my music to do for somebody else.”Eight years later, that pattern has repeated for Cigarettes After Sex, on a far grander scale. By stealth, Cigarettes After Sex has become one of the biggest cult bands in the world.

Persons: Greg Gonzalez, ” Gonzalez Organizations: YouTube, Garden, Kia Locations: Brooklyn, Europe, Prague, Madison, Los Angeles, Asia, East, South Africa, Australia

“It’s not like Biden’s inner circle didn’t know this,” one Democratic strategist close to the White House said of the extent of the president’s recent decline. “Expect a drip, drip, drip,” said one former Biden White House official. “Blinders are off and everyone is aware,” one source close to the White House told CNN. “He’s declined,” one House Democratic lawmaker who attended the gala told CNN. She wields influence in the White House and campaign, and sits in on some of the president’s political meetings.

Persons: Joe Biden, George Clooney wasn’t, Biden, “, ”, Barack Obama, Obama, Bill Clinton, “ He’s, –, ’, Camp David, “ It’s, Tom Vilsack –, Andrew Bates, “ Joe Biden, ” Bates, Jens Stoltenberg, Keir Starmer, Jacquelyn Martin, Nancy Pelosi, Lester Holt, Ari Emanuel, Ron Klain, ” Emanuel, Klain, Emanuel, Bates, Brett McGurk, Xi Jinping, Kevin Lamarque, Lady Jill Biden, Hunter Biden’s, Emmanuel Macron, Jill Many, Jill Biden, Chris Kleponis, “ She’s, she’s, Jill Biden’s, Valerie Biden Owens, Jill, Valerie won’t, CNN’s Priscilla Alvarez, Kylie Atwood, Betsy Klein, Arlette Saenz, Phil Mattingly Organizations: CNN, Peacock Theater, Radio City Music Hall, Democrat, White, Democratic, Biden, Camp, Los, “, Biden White House, NATO, British, AP, MSNBC, NBC, White House, Congressional Hispanic Caucus, Economic Cooperation, Getty, Democratic Party Locations: Los Angeles, Italy, California, New York, Washington, Las Vegas, Aspen , Colorado, United States, Filoli, Asia, Woodside , California, Wilmington , Delaware, Paris, France, Wilmington, Pennsylvania, AFP

☆ Pakistan extends visas for 1.45 million Afghans but denies deportations on hold
▼ + stars: | 2024-07-11 | by ( Lex Harvey | ) edition.cnn.com time to read: +4 min

CNN —Pakistan is extending the stay of nearly 1.5 million registered Afghan refugees – but its mass deportation of “illegal immigrants” will continue, authorities said. The fate of 1.45 million refugees whose PORs expired at the end of June had previously been in doubt, with many fearing they’d be deported. But Pakistan’s Ministry of Foreign Affairs disputed the UN’s claims that Islamabad had put on hold its plan announced last October to deport undocumented Afghan refugees. Trucks transporting Afghan refugees and their belongings are seen along a road heading toward the Pakistan-Afghanistan Torkham border on November 3, 2023. More than 3 million Afghan refugees, including registered refugees and more than 800,000 undocumented people were living in Pakistan as of March 2024, according to UNHCR data.

Persons: ”, Shehbaz, they’d, ” Filippo Grandi, Mumtaz Baloch, Abdul Majeed, They’re, Moniza, ” Kakar, Asif Hassan, Ruwanpathirana Organizations: CNN, United Nations, Pakistan’s, of Foreign Affairs, Trucks, Getty, Pakistan, Afghan, UNHCR, Taliban, UN, ” Police, South Asia, Amnesty International Locations: Pakistan, Afghanistan, Islamabad, AFP, Karachi, South

☆ Japan is worried about another 'transactional' Trump presidency, Tokyo-based expert says
▼ + stars: | 2024-07-11 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

However, following the recent turmoil in Biden's party, Japan's ruling Liberal Democratic Party is now reappraising the odds of a "Trump 2.0 presidency." "I think the issue with Trump, he's very transactional, he's not very predictable. If you're Japan, they're looking at the future and wondering, 'this could be a fascinating few years for for us.'" Collateral damageA Trump presidency is concerning to Tokyo because Japan suffered from "collateral damage" during his first term, Pesek said. "Now Japan has to, in many ways, go back to the drawing board, and at least begin bracing for a Trump 2.0 presidency, which is not going down very well [in Tokyo]."

Persons: Shinz Abe, Donald Trump, Cheriss, Donald Trump's, William Pesek, Joe Biden's, Pesek, Biden, Nancy Pelosi, Trump, CEPR, He's Organizations: White, Washington , D.C, NurPhoto, Democratic, Liberal Democratic Party, Trump, Economic, Research Locations: Washington ,, Japan, Tokyo, Asia, China, North America

☆ $20 billion Balyasny trims its top Asia stock-picker's book so she can focus on building the hedge fund in the region
▼ + stars: | 2024-07-11 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Read previewBalyasny Asset Management has cut back the portfolio of its Asia equities head, but not because of poor performance. This story is available exclusively to Business Insider subscribers. Related storiesBalyasny, the $20 billion multistrategy firm based in Chicago, parted ways with its global equities head, Jeff Runnfeldt, last October. AdvertisementBalyasny, the founder, has been running the equities unit since Runnfeldt's departure, adding talent — such as Point72's Peter Goodwin — and reviewing existing books. The firm has made 5.5% through the first half of the year, Business Insider recently reported, trailing peers like Citadel, Point72, and Millennium.

Persons: —, Archana Parekh, Dmitry Balyasny, Parekh, Jeff Runnfeldt, Runnfeldt, Peter Goodwin —, Andrew O'Connor, Weiss, David Lohman, Marco Minoli, Anil Gondi, Balyasny, Stephen Schurr, She's, Will Brant, Robert Tau Organizations: Service, Management, Balyasny, Business, Fortress Investment, Citadel, Walleye, Bloomberg Locations: Asia, Chicago, Schonfeld, LMR, — Singapore, Hong Kong, Tokyo, Balyasny's Hong Kong, Point72

☆ NATO allies call China a ‘decisive enabler’ of Russia in Ukraine war as bloc eyes Asia security threats
▼ + stars: | 2024-07-11 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —China is a “decisive enabler” of Russia’s war against Ukraine, NATO leaders said Wednesday, as the defense alliance hardens its stance on Beijing and the “systemic challenges” they say it poses to their countries’ security. For the third consecutive year, leaders of New Zealand, Japan and South Korea attended the NATO leaders’ summit in another sign of closer ties between the bloc and those countries, as well as Australia. NATO’s increasing focus on AsiaThe NATO leaders’ declaration is the latest step in what has been the bloc’s gradual hardening of tone on China in recent years. NATO leaders first mentioned the need to jointly address “opportunities and challenges” posed by China in a 2019 declaration, before moving to refer to “systemic challenges” the country poses in 2021. “The Indo-Pacific is important for NATO, given that developments in that region directly affect Euro-Atlantic security,” the leaders said in their declaration.

Persons: ”, Joe Biden, China’s, “, Xi Jinping, Vladimir Putin, Sergei Bobylov, –, Putin, Kim Jong Un Organizations: Hong Kong CNN, NATO, US, ’, Getty Images China, Union, European Union, EU, Wednesday, North Locations: China, Hong Kong, Ukraine, Beijing, Washington, Russia, Moscow, North America, Europe, Asia, New Zealand, Japan, South Korea, Australia, Russian, ”, North Korea, Iran, Pyongyang, Tehran, North, Pacific

☆ Video: Putin is strengthening ties with Asia. See where he’s been and why
▼ + stars: | 2024-07-11 | by ( Nina Avramova | ) edition.cnn.com time to read: 1 min

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☆ NATO allies are discussing reclaiming some Chinese-owned infrastructure in Europe
▼ + stars: | 2024-07-11 | by ( Kayla Tausche | Kylie Atwood | ) edition.cnn.com time to read: +5 min

CNN —NATO officials are discussing taking action to reclaim some Chinese-owned infrastructure projects in Europe should a wider conflict with Russia break out in the east of the continent, three officials involved in the discussions told CNN. A decade ago, when Europe was still crawling out of the economic crater caused by the global financial crisis, the promise of infrastructure funding from Chinese-owned investment firms seemed like a major windfall. The fear, according to one US official, is that Beijing could use the infrastructure it owns in Europe to provide material assistance to Russia if the conflict were to expand. The discussions reflect an increasing focus on China by the NATO alliance. A NATO official said that if a war erupted, the infrastructure “would almost certainly be nationalized, or nations would temporarily assume operating control, under emergency security measures.

Persons: Antony Blinken, Kishida, ” Blinken, Jens Stoltenberg, CNN’s Natasha Bertrand Organizations: CNN, NATO, Washington, Moscow, Beijing, Initiative, Helsinki Shipyard –, US, Ukraine, European Union Locations: Europe, Russia, Ukraine, Beijing, China, NATO, Eastern Europe, Baltic, Finland, Canada, Japan, East Asia, South Korea, Australia, New Zealand, France, Washington

☆ Russia pledges to discharge Indians fighting for Moscow in Ukraine, New Delhi says
▼ + stars: | 2024-07-10 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

CNN —Russia has promised to discharge Indian nationals who were “misled” into joining its army to fight in Ukraine, India’s foreign secretary said Tuesday. “The Russian side promised the early discharge of all Indian nationals from the service of the Russian army,” he said. “The trafficked Indian Nationals were trained in combat roles and deployed at front bases in Russia-Ukraine War Zone against their wishes,” the CBI statement said. In neighboring Nepal, lawmakers have called on the Russian authorities to provide figures for its nationals fighting in Ukraine. The Russians position themselves a few hundred meters back as support,” said Suman Tamang, after he returned from Russia.

Persons: ”, Narendra Modi “, Vladimir Putin, Vinay Mohan Kwatra, Putin, Bimala Rai Paudyal, Kwatra, “, ” Kwatra, Imran Mohammad, Asfan Mohammed, Asfan, ” Imran, Suman Tamang, Ramchandra Khadka, ” Khadka Organizations: CNN, Indian, Indian Ministry, Russian, Kremlin, India’s, Bureau of Investigation, Indian Nationals, CBI Locations: Russia, Ukraine, Russian, Moscow, New Delhi, South Asia, Nepal, India, Indian, Hyderabad, Bakhmut –

☆ JPMorgan explains why it upgraded Malaysia's rating from underweight to neutral
▼ + stars: | 2024-07-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJPMorgan explains why it upgraded Malaysia's rating from underweight to neutralRajiv Batra, head of Asia-Pacific (ex-Japan/China) equity strategy at JPMorgan, cites the country's policy reforms, data center investment and infrastructure buildout as factors.

Persons: Rajiv Batra Organizations: JPMorgan Locations: Asia, Pacific, Japan, China

☆ The Fed may soon cut interest rates. That could make your next trip abroad more expensive
▼ + stars: | 2024-07-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

SeongJoon Cho/Bloomberg via Getty ImagesThe U.S. Federal Reserve may start cutting interest rates before year's end. How interest rates impact the U.S. dollarIn reality, the dynamics driving dollar fluctuations are more complex than whether the Fed raises or lowers interest rates. The European Central Bank cut interest rates in June, for example. This is happening against the backdrop of a relatively strong U.S. economy, which also generally supports a strong dollar, Petersen said. For example, investors generally get a better return on cash when interest rates are high.

Persons: SeongJoon Cho, Jonathan Petersen, Petersen, " Petersen, that's, Richard Madigan, Benjamin Atwater, Atwater, Morgan's Madigan, Jerome Powell, Bonnie Cash Organizations: Bloomberg, Getty, . Federal, U.S ., Capital Economics, U.S, Morgan Private Bank, European Central Bank, Fed, Bank of Japan, U.S . Federal, Banking, Housing, Urban Affairs, ECB Locations: Japan, Asia, Denver, Europe, U.S

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