The Philippine president has dismissed his former ambassador to Brazil after she was seen on video physically abusing a Filipino member of her household staff. President Rodrigo Duterte said Monday night he had approved a recommendation to fire Marichu Mauro, revoke her retirement benefits and disqualify her from public office for life. The Department of Foreign Affairs in Manila said at the time that the unidentified victim had returned to Philippines and that it was trying to reach her amid an investigation.
Cresco Labs (OTC: CRLBF), the ambitious multi-state operator (MSO) headquartered in Illinois, is gearing up to raise a boatload of cash. The marijuana company intends to issue up to $1 billion in new securities, it revealed in a shelf registration statement filed on Monday. In its Monday filing, Cresco wrote that it might issue one, some, or all of several different types of funding instruments, including subordinate voting shares (possibly combined with warrants) and debt securities.
Indonesia’s Mount Sinabung was erupting Tuesday, sending volcanic materials as high as 5,000 meters (16,400 feet) into the sky and depositing ash on nearby villages. Activity at the volcano in North Sumatra province increased over the past week, with authorities recording 13 times when it released ash clouds. The 2,600-metre (8,530-feet) Sinabung was dormant for four centuries before erupting in 2010, killing two people.
Chris Duarte scored 22 points, Eugene Omoruyi added 21 and Oregon ended Arizona's season with an 80-69 win on Monday night. The Wildcats self-imposed a one-year postseason ban, including the Pac-12 tournament, following a NCAA investigation. The Ducks, in the midst of seven games in 13 days to finish the season because of COVID-19 makeups, have won three straight and 8 of 9.
The Flames had a complete yard sale of a warm-up that bordered humour and sadness before getting smashed by the last-place Senators.
NSW police close investigation into cabinet minister rape allegation due to 'insufficient admissible evidence'. Police discontinue the investigation day after prime minister Scott Morrison said he would leave the matter to police
They tied the knot in 2018.
Foreign ministers of Southeast Asian countries prepared for a special meeting with Myanmar's ruling military on Tuesday in an effort to quell deadly violence and open a channel to tackle its escalating political crisis. The talks will come two days after the bloodiest day of unrest since the military removed Aung San Suu Kyi's elected government a month ago, unleashing anger and mass street protests across Myanmar.The streets were largely quiet in the biggest city Yangon early on Tuesday ahead of what protesters said would be another big demonstration. Several shopping malls announced closures due to the unrest, some in places where protests have taken place.Police fired tear gas and stun grenades to disperse hundreds of protesters in Yangon on Monday and later combed side streets, firing rubber bullets, witnesses said.In remarks read on state television by a newscaster, junta leader Senior General Min Aung Hlaing said protest leaders and "instigators" would be punished and threatened action against civil servants who were refusing to work.Min Aung Hlaing has pledged to hold new elections and hand power to the winner, but has given no clear time frame.His coup on Feb. 1 halted Myanmar's tentative steps towards democracy after nearly 50 years of military rule, and has drawn condemnation and sanctions from the United States and other Western countries, and growing concern among its neighbours.Singapore Foreign Minister Vivian Balakrishnan said his counterparts in the Association of Southeast Asian Nations (ASEAN) would be frank when they meet by video call on Tuesday and will tell a representative of Myanmar's military they are appalled by the violence.In a television interview late on Monday, he said ASEAN would encourage dialogue between Suu Kyi and the junta."There is the political leadership ... and there is the military leadership, on the other hand. They need to talk, and we need to help bring them together," he said.ASEAN groups Myanmar, Singapore, the Philippines, Indonesia, Thailand, Laos, Cambodia, Malaysia, Brunei and Vietnam.But ASEAN's effort to engage with Myanmar's military were met with a fierce rebuke from groups in the anti-coup movement, including a committee of ousted lawmakers that has declared the junta a "terrorist" group.'Utterly unacceptable'Sa Sa, the committee's anointed envoy to the United Nations, said ASEAN should have no dealings with "this illegitimate military-led regime".The alumni of ASEAN youth programmes in Myanmar said the bloc should be talking to the international representatives of Suu Kyi's administration, not to the regime."ASEAN must understand that the coup or the re-election promised by the military junta is utterly unacceptable to the people of Myanmar," it said it a letter to ASEAN.Philippine Foreign Minister, Teodoro Locsin, indicated on Twitter that ASEAN would be firm with Myanmar and said its policy of non-interference in a member's internal affairs "is not a blanket approval or tacit consent for wrong to be done there".Suu Kyi, 75, appeared at a court hearing via video conferencing on Monday and looked in good health during her appearance before a court, one of her lawyers said. Two more charges were added to those filed against her after the coup, she said.The Nobel Peace laureate has not been seen in public since her government was toppled and she was detained along with other party leaders.Hundreds of people have been arrested since the coup, according to activists, the latest a journalist for the Democratic Voice of Burma, who live-streamed security forces outside his apartment on Monday in the coastal town of Myeik, where he had been filming protests. DVB confirmed the arrest.The United States warned Myanmar's military rulers on Monday that it would take more action if security forces kill unarmed people and attack journalists and activists, which State Department spokesman Ned Price called "abhorrent violence".White House Press Secretary Jen Psaki said the Biden administration was preparing further costs on those responsible for the coup.U.S. Ambassador to the United Nations Linda Thomas-Greenfield said on Monday she hoped to use Washington's presidency of the United Nations Security Council in March to push for more "intense discussions" on Myanmar.(REUTERS)
Gold prices slumped to their lowest in 8-1/2 months on Tuesday, as a stronger dollar and elevated U.S. Treasury yields eroded investor appetite for the non-yielding metal. Spot gold was down 0.7% at $1,711.13 per ounce by 0310 GMT, having dropped to its lowest since June 15 at $1,708.60 earlier in the session. The potential for higher yields is putting pressure on gold, while a stronger dollar is also contributing to its fall, Michael McCarthy, chief market strategist at CMC Markets said, adding that a minor retreat in 10-year yields was "too small to count".
City are on course for an unprecedented quadruple.
When the world economy slammed on the brakes last year, there was a rush to store a wave of unwanted crude and products, but rising prices and optimism about demand is spurring a swift unwinding of storage contracts. The six-month U.S. diesel futures spread reached 4.35 cents per gallon on Feb. 19, its highest since January 2020.
How Sundari Venkatraman became a bestselling author
ESPN is looking into alleged comments byt college basketball analyst Dan Dakich last week during an argument about monetary compensation — or lack thereof — to collegiate athletes. During the back-and-forth, Dakich went after several academics who disagreed with him, using Twitter and his Indianapolis radio show to do so. Asked whether Dakich would take […]
Rishi Sunak will provide more than £400 million of additional support for the badly hit culture sector in his Budget, as a Tory grandee warned taxes would “have to go up”. In a slew of pre-Budget teasers, Treasury officials also said Mr Sunak will use his fiscal package on Wednesday to give a “significant chunk” of a £300 million sports recovery package to cricket as fans prepare to return to stadiums this summer. The announcements come as a former Conservative Party leader said taxes would have to be hiked as part of Britain’s Covid recovery following 12 months of heavy public borrowing to pay for furlough and other Government support efforts.
(Bloomberg) -- New Zealand’s central bank said it’s watching financial markets closely for signs of dysfunction and warned it has the ability to increase its weekly bond purchases to put more downward pressure on yields.The Reserve Bank “observed pockets of dysfunction” last week and has the operational flexibility to adjust its Large Scale Asset Purchase program up or down, Assistant Governor Christian Hawkesby said in an interview Tuesday in Wellington. Under the NZ$100 billion ($73 billion) program, the bank is currently buying NZ$570 million of government bonds a week.“We are watching markets very closely, we’re very aware of what’s going on and we do have that ability to adjust the size of our LSAP operations from week to week,” Hawkesby said. “We absolutely have the flexibility to adjust those purchases down or up.”Central banks are fighting back against runaway bets on inflation that have seen global bond yields surge, undermining monetary stimulus. The Reserve Bank of Australia yesterday bought twice as many longer-dated government bonds as it usually does, spurring the biggest drop in yields there in a year.Hawkesby noted the RBA’s recent purchases and reiterated that the RBNZ remains committed to a prolonged period of stimulus. The bank could cut its official cash rate -- currently at 0.25% -- further if needed, even into negative territory, he said.“The message that we’re giving along with other central banks is that stimulus is going to be in place for a long time, that we need to have a very high degree of confidence that we’re going to achieve our mandate and that will take time and patience to occur,” Hawkesby said. “We have to ability to lower the official cash rate, and we need to keep reminding markets that we have that ability.”While the economic recovery in New Zealand has been stronger than elsewhere, “it has been very uneven, it is very fragile” and “there is a material probability that we may have to lower the official cash rate” to achieve the RBNZ’s mandate, Hawkesby said.He cited the current Auckland lockdown due to a Covid-19 outbreak as a reminder of the risks. “There’s still a long way to go. These periods can erode confidence,” he said.New Zealand Central Bank Told to Include Housing in Rate PolicyAsked about the government’s move last week to make the RBNZ take soaring house prices into consideration when setting both monetary and financial policy, Hawkesby said the directive on financial policy was “the first and most important part of the changes.”He said the RBNZ’s financial policy is now required to “have regard” to housing, while the bank has only been asked to “assess the implications” of its monetary policy decisions on the property market. He drew a distinction between the two, saying the former was a “higher threshold” than the latter, which amounted to “a point around transparency and communication.”“The key message is that the appropriate tool to use if we’re going to influence sustainable house prices is our macroprudential tools,” Hawkesby said. “When we make our monetary policy decisions we need to make them with a clear understanding of the broader context we’re operating in. The remit helps articulate that more fully.”It would take time for markets to understand these announcements “and the primacy of the macroprudential tools in that space.”The RBNZ would like to see mortgage rates fall further, Hawkesby said.(Updates with Hawkesby comments throughout)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Thatcher Demko stopped 27 shots for his first career shutout as the Vancouver Canucks scored three goals in the first period and beat the Winnipeg Jets 4-0 Monday night. Nate Schmidt, J.T. Miller and Nils Hoglander scored early to help the Canucks end a four-game losing streak (0-3-1). Elias Pettersson added an empty-netter.
(Bloomberg) -- Asian stocks slipped Tuesday and U.S. equity futures fell as investors weighed the impact of the recent climb in bond yields as well as a Chinese official’s warning about asset bubbles. The dollar climbed.Shares in China and Hong Kong underperformed, though South Korea remained higher after reopening from a holiday. S&P 500 and Nasdaq 100 futures turned lower. China is “very worried” about bubbles in overseas financial markets, China Banking and Insurance Regulatory Commission Chairman Guo Shuqing said at a briefing. Treasury yields edged down.Oil retreated to trade just below $60 a barrel ahead of a key OPEC+ meeting this week. Australia’s dollar pared losses after the central bank kept its key interest rate and three-year bond yield target unchanged. After the close of regular trading, Zoom Video Communications Inc. rose as its revenue forecast topped Wall Street’s estimates.The comments from Guo come amid an ongoing debate over whether risk assets are over-extended following huge injections of stimulus to counter the impact of the pandemic. Traders are also braced for how Federal Reserve officials slated to speak this week might respond to recent tumult in bond markets.“There’s lot of uncertainty, a lot of risks being built in, that’s why you’re seeing a bit of skittishness,” said Lorraine Tan, Morningstar director of Asia equity research. “The positive tailwind for the market is still going to be the global economic recovery.”On the virus front, global cases rose for the first time in almost two months in the past week, the World Health Organization said, citing countries easing restrictions, people letting their guard down and variants spreading.Elsewhere, Bitcoin rallied after a volatile weekend session as Citigroup Inc. laid out a case for the digital asset to play a bigger role in the global financial system.There are some key events to watch this week:U.S. Federal Reserve Beige Book is due Wednesday.OPEC+ meeting on output Thursday.U.S. factory orders, initial jobless claims and durable goods orders are due Thursday.The February U.S. employment report on Friday will provide an update on the speed and direction of the nation’s labor market recovery.These are some of the main moves in markets:StocksS&P 500 futures fell 0.3% as of 12:49 p.m. in Tokyo. The S&P 500 Index surged 2.4%.Japan’s Topix index was down 0.8%.Australia’s S&P/ASX 200 index was little changed.South Korea’s Kospi index rose 1.6%.Hong Kong’s Hang Seng Index fell 0.8%.Shanghai Composite Index fell 1%.Euro Stoxx 50 futures lost 0.3%.CurrenciesThe yen traded at 106.77 per dollar.The offshore yuan was at 6.4777 per dollar, down 0.1%.The Bloomberg Dollar Spot Index rose 0.2%.The euro was at $1.2024, down 0.2%.BondsThe yield on 10-year Treasuries fell about two basis point to 1.40%.Australia’s 10-year bond yield rose one basis points to 1.68%.CommoditiesWest Texas Intermediate crude declined 1.3% to $59.84 a barrel.Gold dipped 0.7% to $1,713 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Britain is expected to keep vast emergency financial support propping up the UK's virus-battered economy when unveiling its annual budget Wednesday, but could also raise tax to fight surging debt.
Twitter said Monday it will start labeling misleading tweets about Covid-19 vaccines and boot users who persist in spreading such misinformation.
The World Health Organization's emergencies director says it is unrealistic to think that the world will be done with the Covid-19 pandemic by the end of the year, adding that it might be possible to take the sting of tragedy out of the coronavirus crisis by reducing hospitalisations and deaths.