MOSCOW—A Moscow court on Thursday ruled that Wall Street Journal reporter Evan Gershkovich must remain in jail on espionage charges until at least late August, rejecting the American journalist’s appeal to be released. The 31-year-old U.S. citizen was arrested in late March while on a reporting trip. A Moscow court ruled last month to keep…
Moscow Court Rules US Journalist Evan Gershkovich Must Stay in Jail Until Late August
OceanGate Co-founder Has Major Update on ‘Time Window’ for Titanic Submarine Rescue
A co-founder of OceanGate Expeditions gave a somewhat optimistic view about rescuing the five-man crew of the missing Titan submarine after it went incommunicado earlier this week amid concerns that the vessel will run out of oxygen. In a statement posted on social media, OceanGate co-founder Guillermo Söhnlein, who left the firm in 2013, said that…
Wall Street Opens Lower as Powell Firm on Interest Rate Hikes
Wall Street’s main indexes opened lower on Thursday, a day after Federal Reserve Chair Jerome Powell stuck to his hawkish stance on interest rate path and ahead of his second day of testimony before a Senate committee. The Dow Jones Industrial Average fell 51.05 points, or 0.15 percent, at the open to 33,900.47. The S&P…
Bank of England Hikes Interest Rates to Highest Level Since 2008
The Bank of England (BoE) has hiked interest rates from 4.5 percent to 5 percent, a more aggressive jump than previously expected. It’s the 13th consecutive rate increase in 18 months, and this level was last seen in April 2008 before the central bank began slashing rates during the financial crisis. The BoE was previously…
The Free Market as All-Purpose Scapegoat
Commentary The Sunday New York Times a week ago featured a lead, front-page article titled, “Failures of Globalization Shatter Long-Held Beliefs,” rattling off a litany that included COVID, Russia’s invasion of Ukraine, the Trump administration’s tariff-based pushback on China’s economic warfare against the free world, the 40-year-high inflation coinciding with President Joe Biden’s big-spending presidency, global…
Central Bankers Prepare for Long Battle With Inflation
Commentary On the longest day of the year, the U.S. House Committee on Financial Services welcomed Federal Reserve chairman Jerome Powell to address its concerns around inflation and weakness in the U.S. economy. Powell warned Congress that the fight against inflation is far from over, that the battle will be a long, hard slog, and…
Swiss Franc Falls, Norwegian Crown Surges After SNB, Norges Hikes
LONDON—The Swiss franc fell on Thursday after the Swiss National Bank (SNB) hiked its benchmark interest rate, while the Norwegian crown surged after a bolder Norges Bank move. The SNB raised its benchmark interest rate by 25 basis points to 1.75 percent, defying some market expectations of a bigger increase. Despite an easing in Swiss…
EPA Criticized Over ‘Disappointing’ Ethanol Mandates in New Renewable Fuel Standards
The Environmental Protection Agency (EPA) on June 21 unveiled its Renewable Fuel Standard, increasing the amount of biofuels that American refiners must blend into the nation’s fuel supplies from 2023 to 2025, but keeping in place lower mandates for homegrown corn-based ethanol. Under the new fuel standards, biofuel blending volumes are set at 20.94 billion gallons in 2023,…
Oil Dips With Interest Rates and Inventories in Focus
June 22, 2023
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment
LONDON—Oil futures dipped slightly on Thursday, with trader expectations of further interest rate hikes countered by potentially bullish U.S. oil inventory data after preliminary figures showed a fall in stocks. Brent futures eased by 47 cents, or 0.6 percent, to $76.65 a barrel at 0840 GMT and U.S. West Texas Intermediate (WTI) crude futures were…
Shares Ease, Dollar Steady in Central-Bank Heavy Day
June 22, 2023
admin
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
LONDON/SINGAPORE—Global shares eased on Thursday after Federal Reserve Chair Jerome Powell indicated U.S. rates had further room to rise, while the dollar held steady against the pound ahead of the Bank of England’s decision on monetary policy later on. The MSCI All-World index was down 0.1 percent, heading for a fifth straight day of declines,…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta