Business – Page 175 – Freedom 96.9

StanChart turns to hedge fund strategies to shield wealth clients from volatility

Thursday, August 20 by SRN News

By Rae Wee SINGAPORE, Aug 20 (Reuters) - Standard Chartered is helping its wealth management clients deploy a portion of their assets to hedge funds to better cushion the impact of heightened market volatility, a top executive said. The Asia-focused bank's move comes as global allocations... Read More.

Treasury’s upsized buybacks may complicate Fed’s monetary policy work

Thursday, August 20 by SRN News

By Michael S. Derby and Ann Saphir Aug 20 (Reuters) - Federal Reserve Chairman Kevin Warsh has promised that the U.S. central bank will deliver price stability, but Treasury Secretary Scott Bessent's decision on Wednesday to double buybacks of longer-dated U.S. debt may complicate any... Read More.

Hong Kong conglomerate seeks $1.5 billion in damages from Panama for takeover of canal ports

Thursday, August 20 by SRN News

HONG KONG (AP) - Hong Kong conglomerate CK Hutchison said Thursday it was seeking more than $1.5 billion in damages from Panama after the country seized two canal ports caught in the crosshairs of U.S.-China tensions. CK Hutchison said in the statement that it had... Read More.

Champagne growers race to preserve quality in record-early harvest

Thursday, August 20 by SRN News

HAUTVILLERS, France (AP) - Champagne producers are racing to pick their grapes as the region's earliest harvest on record gets underway, after extreme heat and drought accelerated ripening, leaving growers a narrow window to preserve the quality of the region's world-famous sparkling wine. On the... Read More.

CK Hutchison seeks $1.5 billion from Panama in treaty dispute arbitration

Wednesday, August 19 by SRN News

Aug 20 (Reuters) - CK Hutchison said on Thursday it had launched international arbitration proceedings against Panama and was seeking damages of more than $1.5 billion for the "destruction" of its investments in the Central American nation. CK Hutchison said Panama breached an investment protection... Read More.

Japan’s exports jump 23% to monthly record in July

Wednesday, August 19 by SRN News

By Makiko Yamazaki TOKYO, Aug 20 (Reuters) - Japan's exports hit a monthly record in July, underscoring resilient global demand and offering support to an economy increasingly reliant on overseas shipments to counter weak domestic demand. Total exports by value rose 23.2% year-on-year to a record... Read More.

Death toll in mine collapse in Central African Republic rises to more than 100

Wednesday, August 19 by SRN News

BANGUI, Central African Republic (AP) - The death toll from a gold mine collapse in a western part of Central African Republic has risen to more than 100, a Red Cross volunteer involved in relief efforts and a local official said Wednesday. The low-tech, artisanal... Read More.

Dollar hugs three-month lows as Treasury seeks to sooth the bond market

Wednesday, August 19 by SRN News

By Ankur Banerjee SINGAPORE, Aug 20 (Reuters) - The U.S. dollar nursed steep losses on Thursday, hovering near three-month lows as investors digested measures announced by the U.S. Treasury Department to help calm the bond market that had seen long-end yields hit their highest since... Read More.

US FTC considers requiring disclosure of personalized pricing

Wednesday, August 19 by SRN News

By David Shepardson WASHINGTON, Aug 19 (Reuters) - The U.S. Federal Trade Commission said on Wednesday it is considering requiring businesses to disclose whether they use personalized pricing data, a practice that has drawn mounting scrutiny by state and federal officials. The FTC voted 2-0 to... Read More.

The US national debt now stands at $40 trillion

Wednesday, August 19 by SRN News

WASHINGTON (AP) - The national debt surpassed a record $40 trillion on Wednesday, a staggering milestone as defense costs, social programs like Social Security and Medicare and interest on the burgeoning deficit make up an enormous share of federal spending. The milestone figure was... Read More.

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