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INDIANAPOLIS (AP) — One person is dead and five others suffered injuries in a shooting at an Indianapolis bar early Saturday morning, according to a news report. Indianapolis Metro Police Department Commander Matthew Thomas confirmed the death and the injuries to the other victims resulting from the shooting shortly before 1:30 a.m., WXIN-TV reported. Thomas said five victims were transported by emergency responders to area hospitals and the sixth went to a hospital on their own after the shooting at Landsharks on Broad Ripple Avenue, WXIN reported. The police did not immediately share the circumstances of the shooting or a description of any suspects and there were no immediate arrests, WXIN reported. This material may not be published, broadcast, rewritten or redistributed.

Persons: Matthew Thomas, Thomas, WXIN Organizations: INDIANAPOLIS, Indianapolis Metro Police Department, Associated Press Locations: Indianapolis, Landsharks

☆ The Clearest Sign of India’s Very Good Year
▼ + stars: | 2023-11-28 | by ( Matthew Thomas | ) www.wsj.com time to read: 1 min

Unlike a number of other foreign currencies, the Indian rupee has remained strong this year. Photo: Soumyabrata Roy/NurPhoto/Zuma PressIndia has had a very good year. The country’s economy is booming, its stock market is near an all-time high and its population is on track to overtake China’s to become the largest in the world. India and the U.S. have signed deals this year on jet-fighter engines and semiconductor chips. In September, New Delhi hosted a summit of the Group of 20 nations.

Persons: Soumyabrata Roy, NurPhoto, China’s Organizations: Zuma Press India, U.S Locations: India, New Delhi

☆ Hackers Hit U.S. Arm of Chinese Bank
▼ + stars: | 2023-11-10 | by ( Rebecca Feng | Matthew Thomas | ) www.wsj.com time to read: 1 min

An ICBC building in Shanghai. The bank is China’s biggest. Photo: Cfoto/Zuma PressA U.S. subsidiary of China’s biggest bank was hacked this week, threatening a temporary logjam for some trades in the Treasury bond market. ICBC Financial Services, a New York-based entity owned by the Industrial and Commercial Bank of China , was the victim of a ransomware attack on Wednesday. The unit largely focuses on clearing, which means ensuring that transactions previously agreed by traders go through, with the money and securities changing hands.

Organizations: Press, Treasury, ICBC Financial Services, Industrial, Commercial Bank of China Locations: Shanghai, China’s, New York

Organizations: Press, Treasury, ICBC Financial Services, Industrial, Commercial Bank of China Locations: Shanghai, China’s, New York

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/china/senior-nomura-banker-charles-wang-zhonghe-can-move-freely-in-china-he-just-cant-leave-704cf9b1

Persons: Dow Jones, charles, wang Organizations: nomura

Weilun SoonWeilun Soon is a Singapore-based reporter for The Wall Street Journal, covering Asia’s financial markets with a focus on cryptocurrencies, commodities and fiat currencies. He most recently led Business Insider’s coverage of Asia’s technology sector. Before that, he was a reporter covering economics, business, technology, politics and defense for Singapore-based news outlets. Weilun also spent four years in the financial sector, managing investment content strategies for some of Wall Street’s largest firms, based in Hong Kong and Singapore. Weilun is a graduate of Columbia University's Journalism School and Peking University in Beijing, China.

Persons: Weilun Organizations: Wall Street, Business, Columbia University's Journalism School, Peking University Locations: Singapore, Wall, Hong Kong, Weilun, Beijing, China

☆ NatWest CEO Steps Down After Discussing Nigel Farage’s Bank Account
▼ + stars: | 2023-07-26 | by ( Matthew Thomas | Joe Wallace | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/natwest-ceo-steps-down-after-political-fallout-from-closed-account-a8d1908a

Persons: Dow Jones Organizations: natwest

☆ Yuan Under Pressure as U.S., China Rates Set to Diverge Further
▼ + stars: | 2023-06-13 | by ( Weilun Soon | Matthew Thomas | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/yuan-under-pressure-as-u-s-china-rates-set-to-diverge-further-aa655bcd

Persons: Dow Jones

☆ Sting: AI songs are 'going to be a battle we all have to fight'
▼ + stars: | 2023-05-18 | by ( Amarachi Orie | ) edition.cnn.com time to read: +2 min

“That’s going to be a battle we all have to fight in the next couple of years: Defending our human capital against AI,” he added. Contentious debate over AI songs has arisen in the music industry over the last few months, with several high-profile figures being affected by the growth in the technology’s popularity. I imagine I will feel the same way about AI making music,” said Sting. But for songs, you know, expressing emotions, I don’t think I will be moved by it,” he added. Universal Music Group, which represents Sting, likened AI music to “fraud” in an urgent letter sent to music streaming platforms, such as Spotify and Apple Music, in April.

☆ UBS Prepares for $4 Billion Legal Hit From Credit Suisse Deal
▼ + stars: | 2023-05-17 | by ( Weilun Soon | Matthew Thomas | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/ubs-prepares-for-4-billion-legal-hit-from-credit-suisse-deal-966a412d

Executives at UBS Group AG, which until recently competed with rival Credit Suisse Group AG to win business from Asia’s biggest companies and richest people, must now tackle the thorny question of how to combine the two banks in the region. That is just one conundrum facing senior executives at the banking giant following its acquisition of Credit Suisse for $3.25 billion, an emergency deal orchestrated by the Swiss government. But it is a critical one for a bank that has long seen Asia as a key growth market, particularly for wealth management—where banks offer services to the ultrarich.

☆ What’s In a Full English Breakfast? Don’t Ask the English
▼ + stars: | 2023-03-10 | by ( Matthew Thomas | ) www.wsj.com time to read: 1 min

What do you get you when you combine sausages, bacon, eggs, fried tomatoes, mushrooms, baked beans and hash browns? Indigestion, probably. But you might also get an argument.

☆ Adani Group: Your Guide to the Indian Company’s Stock Market Rout
▼ + stars: | 2023-02-02 | by ( Matthew Thomas | ) www.wsj.com time to read: 1 min

Gautam Adani , an Indian businessman, is one of the richest people in the world. His wealth took a big hit when shares of companies owned by his flagship Adani Group fell dramatically following the publication of a report by a U.S. short seller in late January. The Adani Group is big—and politically connected. There are seven India-listed companies bearing the Adani name, including firms in power transmission, green energy and port operation. Adani Group also owns cement producers, airport operators, coal miners and a digital marketing company.

☆ Hedge Fund Bets Against Hong Kong’s Dollar Peg Have a Long History—and Little Success
▼ + stars: | 2022-12-19 | by ( Matthew Thomas | ) www.wsj.com time to read: 1 min

When Bill Ackman revealed last month that he was betting the Hong Kong dollar’s peg to the greenback would break, he became the latest in a long line of speculators who have made similar wagers. Hedge funds have made bets against the longstanding currency peg going back to the Asian financial crisis. High-profile fund managers including Crispin Odey and Kyle Bass are among those who have previously taken positions that the peg couldn’t last. Mr. Ackman’s fund, Pershing Square Capital Management, even once made a bet from the opposite side more than a decade ago. Boaz Weinstein , the founder of Saba Capital Management LP, is betting alongside him this time.

So far in 2022, there have been 25 trading days in which the Hang Seng Index gained or lost more than 3%. Hong Kong entered a bull market earlier this month—at least according to one common definition. The city’s benchmark Hang Seng Index surged 25% in the first half of November, clearing the 20% hurdle that is traditionally used to define a bull market. The sharp run-up from its trough on Oct. 31—when the index touched its lowest level since April 2009—was fueled by signs that China is starting to shift away from its strict zero-Covid policy that has hamstrung the world’s second-largest economy. Moves by the Chinese government to ease pressure on its limping property sector also gave investors reason for optimism.

☆ Soaring Yields Press Asia’s Junk-Bond Issuers to Seek Funding Elsewhere
▼ + stars: | 2022-10-23 | by ( Matthew Thomas | ) www.wsj.com time to read: 1 min

Rising U.S. interest rates and the surging dollar are creating problems for riskier companies in Asia that had flocked to the U.S. dollar-denominated bond market when yields were much lower. Junk-bond yields in Asia have soared this year following a sharp increase in U.S. Treasury yields, large capital outflows from regional bond funds and higher risk aversion among investors.

☆ British Pound, Bonds Roiled as Tax-Cut Plans Spook Investors
▼ + stars: | 2022-09-26 | by ( Matthew Thomas | Max Colchester | ) www.wsj.com time to read: 1 min

LONDON—The selloff in U.K. financial markets accelerated on investors’ worries that the country’s largest tax cuts in decades would spark higher inflation and put government finances at risk. The British pound briefly sank to its lowest-ever level against the U.S. dollar Monday, before paring losses. The currency touched $1.0349 during Asian trading hours, breaking through its previous record low of 1985. It then recovered to just under $1.08, down slightly less than 1%.

Almost all shares in the Hang Seng Index were trading lower by midday Monday. Hong Kong shares faced a wave of selling after the conclusion of the Chinese Communist Party’s national congress meeting over the weekend. The Hang Seng Index was down 5% by midday, bringing it below its lowest closing level since April 29, 2009. Shares in mainland China were also down, but not by as much. The benchmark CSI 300 was 1.7% lower and the Shanghai Composite Index was down around 0.9%.

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