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Meanwhile, the U.S. dollar rebounded after stronger-than-expected U.S. retail sales suggested the Federal Reserve was unlikely to ease up in its battle with inflation. That fuelled concerns about the economic outlook, with the U.S. Treasury yield curve remaining deeply inverted in Tokyo trading and suggesting that investors are braced for recession. Hong Kong's Hang Seng Index (.HSI) tumbled 2.7%, with its tech stocks (.HSTECH) slipping more than 5%. Japan's Nikkei (.N225) lost 0.4% and South Korea's Kospi (.KS11) dropped 1.1%, each led by declines in heavyweight chip players. The U.S. dollar index - which measures the currency against six major counterparts - added 0.28% to 106.57, rebounding from a slide as low as 105.30 on Tuesday following the release of producer price inflation numbers.

☆ Roche's Alzheimer drug failing was a tailwind for a Biogen rally, Mizuho's Salim Syed
▼ + stars: | 2022-11-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRoche's Alzheimer drug failing was a tailwind for a Biogen rally, Mizuho's Salim SyedSalim Syed, Mizuho senior biotech analyst, joins 'Closing Bell' to discuss Biogen stock ticking up after Roche's new Alzheimer's drug didn't meet its goals.

☆ Oil prices could drop to the $70 range after this winter as current levels are unsustainable, OPEC+ member says
▼ + stars: | 2022-11-08 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Oil prices could drop to around $70 a barrel after this winter, according to Oman energy minister Salim al-Aufi. "We don't believe that the current prices are sustainable comfortably," the OPEC+ member told Reuters. "We don't believe that the current prices are sustainable comfortably," the OPEC+ member told Reuters at the United Nations Climate Change Conference on Tuesday. He predicted prices to ease to "a much more comfortable position" around $70. Crude prices have been on a rollercoaster ride this year amid western sanctions on Russian oil, causing Brent crude oil to briefly touch highs of around $120 this year.

☆ Watch CNBC's full interview with Oman's minister of energy and minerals at COP27
▼ + stars: | 2022-11-08 | 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 EmailWatch CNBC's full interview with Oman's minister of energy and minerals at COP27Salim al-Aufi, Oman's minister of energy and minerals, discusses the country's role in COP27.

☆ 'The Crown' season 5 review: Imelda Staunton takes over as queen as the Netflix series returns
▼ + stars: | 2022-11-05 | by ( Review Brian Lowry | ) edition.cnn.com time to read: +4 min

The result is an uneven campaign that reinforces a sense the Emmy-winning series risks extending its reign too long. When Charles privately tells his mother in regard to Diana, “I’ve done as you asked, mummy. “The Crown” has been great, as the Emmy haul for its fourth season attests, and it’s still pretty good. Yet given the highs that the younger versions of these characters delivered, to borrow from the Queen, watching the current season feels more like a preference than a requirement. “The Crown” begins its fifth season November 9 on Netflix.

LONDON, Oct 27 (Reuters) - Germany, considered Europe's most reliable debtor, is having trouble selling its bonds, just as it seeks billions to tackle the energy crisis. Hit hard by its over-reliance on Russian energy, Germany intends to borrow particularly large amounts in the coming years, with Parliament last week voting to suspend the constitutional debt brake that limits new borrowing. France's finance agency, in contrast, issued 10 billion euros of medium term bonds on Oct. 20 into strong demand. VOLATILITY HURTS AUCTIONSThe uncertainty around borrowing and QT has increased volatility in euro zone bond markets, already rocked by the knock-on effects from Britain's now-scrapped plans for large unfunded tax cuts. Volatility is deterring the banks that act as dealers for German bonds from bidding in debt auctions, Tammo Diemer, head of the country's finance agency, said at an event on Tuesday.

☆ JPMorgan Chase uses Advancing Black Wealth Tour to boost financial literacy, address racial wealth gap
▼ + stars: | 2022-10-24 | by ( Frank Holland | In | ) www.cnbc.com time to read: +3 min

JPMorgan Chase brought its Advancing Black Wealth Tour to Philadelphia on October 8, 2022. Photo: Steven CW Taylor & Salim Weldon of Steven Taylor PhotographyA new endeavor from JPMorgan Chase is trying to help close the racial wealth gap. The bank's Advancing Black Wealth Tour, launched this spring, aims to give attendees the tools they need to manage their finances and build sustainable wealth — even with the possibility of a recession on the horizon. The racial wealth gap describes the disparity in wealth between Black and white households in the United States. Prepare for 'a feast after the famine'JPMorgan Chase brought its Advancing Black Wealth Tour to Philadelphia on October 8, 2022.

☆ Protests paralyse Tunisian town after migrant deaths
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +2 min

TUNIS, Oct 18 (Reuters) - A southern Tunisian coastal town was paralysed by protests on Tuesday amid growing anger over the fate of people who drowned in a migrant shipwreck last month, with some buried in unmarked graves. Images showed the streets of Zarzis packed with protesters chanting anti-authority slogans with shops and government institutions closed. Nothing," he said, adding that Walid felt he had no future in Tunisia despite being an excellent student. Protests began in Zarzis this month after a boat believed to be carrying 18 migrants disappeared. Register now for FREE unlimited access to Reuters.com RegisterReporting by Tarek Amara, writing by Angus McDowall, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

☆ Coal miner Bumi Resources to receive $1.6 bln capital to pay off debt
▼ + stars: | 2022-10-11 | by ( Fransiska Nangoy | ) www.reuters.com time to read: +2 min

JAKARTA, Oct 11 (Reuters) - Shareholders of Indonesia's largest coal miner PT Bumi Resources on Tuesday approved a share sale plan worth $1.6 billion to companies controlled by billionaire Anthoni Salim, aimed at helping the miner repay longstanding debt. Mach Energy is jointly controlled by conglomerates Bakrie Group and Salim Group, while 85% of TGIL is controlled by Salim, according to a prospectus released prior to the shareholders meeting. Bumi went through a court-led debt restructuring process in 2016 and its outstanding debt from the restructuring is estimated at roughly $1.5 billion currently, according to the prospectus. After the sale, the new investors will gain a combined stake of around 58% of Bumi Resources. Dileep said Bumi would be jointly controlled by Salim and the Bakrie Group - which is led by another Indonesian tycoon, Aburizal Bakrie - after the share sale.

Shares of Biogen and Eisai were halted, but shares of Eli Lilly & Co , which is also developing an Alzheimer's drug, were up 6.7% in after hours trade. Aduhelm was the first new Alzheimer's drug approved in 20 years after a long list of high-profile failures for the industry. Symptomatic brain swelling was seen in 2.8% of those in the lecanemab group and none of the placebo group, they said. Aduhelm's approval was a rare bright spot for Alzheimer's patients, but critics have called for more evidence that amyloid-targeting drugs are worth the cost. Other plaque-targeting antibodies in late-stage development for Alzheimer's patients include Roche Holding AG's (ROG.S) gantenerumab and Eli Lilly's donanemab.

☆ An Afghan refugee who lifted his wife and toddler onto a C-17 military plane to flee Kabul tells the harrowing story of how they arrived safely in the US
▼ + stars: | 2021-08-23 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +6 min

Thousands of Afghan refugees have evacuated Kabul amid the Taliban's takeover of Afghanistan. He was one of thousands who flooded the airport that Sunday evening, desperate to flee the country in fear of a Taliban government. Rahmatullah Alizadah/Xinhua via GettyThe Taliban's swift capture of Kabul triggered a collapse of the Afghan government and forced a frenzied evacuation of Americans and Afghan refugees amid the US's military pullout of the 20-year war in Afghanistan. Transit in Qatar and arrival to the USThe American C-17 aircraft landed in an air base in Qatar. Afghan refugees in the US are being housed at military bases in Virginia, Wisconsin, and Texas before being resettled across the country.

☆ Mutația sud-africană a coronavirusului este de 1,5 ori mai contagioasă decât varianta obișnuită
▼ + stars: | 2021-01-19 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Varianta nouă de coronavirus identificată în Africa de Sud în luna octombrie a anului trecut nu este mai mortală decât varianta obișnuită, însă este de 1,5 ori mai contagioasă, a concluzionat un grup de experți sud-africani, luni. Aceste concluzii au rezultat în special din datele colectate în principalele focare de contaminare din ţara situată în Africa australă. Africa de Sud numără peste 1,3 milioane de cazuri de coronavirus, dintre care circa 37.000 de morţi. Grav lovită de al doilea val al pandemiei, ţara a înregistrat luni o scădere cu 23% a numărului de cazuri, a anunţat ministrul sănătăţii, Zweli Mkhize. „Dacă pacienţii sunt mai puţin numeroşi, mortalitatea în spital nu s-a schimbat” între primul şi al doilea val, a subliniat un specialist membru al grupului, Waasila Jassat.

Persons: Alex Sigal Organizations: Agerpres Locations: Africa de Sud, Africa australă

Aceste concluzii au rezultat în special din datele colectate în principalele focare de contaminare din ţara situată în Africa australă. Africa de Sud numără peste 1,3 milioane de cazuri de coronavirus, dintre care circa 37.000 de morţi. Grav lovită de al doilea val al pandemiei, ţara a înregistrat luni o scădere cu 23% a numărului de cazuri, a anunţat ministrul sănătăţii, Zweli Mkhize. Al doilea val al pandemiei exercită o presiune enormă asupra sistemului sanitar al ţării, solicitat la maxim. „Dacă pacienţii sunt mai puţin numeroşi, mortalitatea în spital nu s-a schimbat” între primul şi al doilea val, a subliniat un specialist membru al grupului, Waasila Jassat.

Persons: Alex Sigal Organizations: Agerpres Locations: Africa australă, Africa de Sud

☆ How to play the risk rally in stocks, a shift in market leadership, and an exclusive chat with the head of iShares
▼ + stars: | 2020-06-09 | by ( Business Insider | ) www.businessinsider.com time to read: +5 min

The last time we spoke, market observers were scratching their heads over the stock market's seemingly unstoppable march higher. Turns out maybe the stock market was right all along. Exclusive interview with the head of iSharesBlackRockETFs helped investors navigate the recent period of volatility, particularly in parts of fixed income where liquidity dried up. This development signals that a new breed of stocks is taking over as the market leaders for the next period of economic expansion. Strategists at the firm highlighted two pairs trades that have been performing well since the stock market hit rock bottom in March.

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