A woman who left raw beef at her Indian neighbours' doorstep in Yishun was sentenced to a two-year mandatory treatment order (MTO) on Thursday (6 May).
(Bloomberg) -- Asia stocks pared gains and U.S. futures dipped Thursday, while the Australian dollar tumbled after signs of a further souring in trade relations with China.Chinese and Australian shares dropped, and Hong Kong all but erased earlier gains. Stocks outperformed in Japan as trading resumed after a holiday. China said it was suspending a regular economic dialogue with Australia, in a move intended to signal Beijing’s growing frustration with Canberra. Earlier in the U.S., the tech-heavy Nasdaq 100 ended in the red, while the S&P 500 notched a small gain. The dollar edged higher. Benchmark 10-year Treasury yields edged higher. Oil fluctuated as traders assessed an increase in gasoline stockpiles.As the world’s largest economy rebounds, investors are increasingly focused on when the central bank might start throttling back its emergency support. Economists surveyed by Bloomberg expect the Fed will announce a reduction in the pace of bond purchases in the fourth quarter. While Chair Jerome Powell hasn’t yet shifted from his message that it’s too soon to discuss such a move, policy makers have begun to address the issue more directly.Boston Federal Reserve President Eric Rosengren suggested that the U.S. mortgage market no longer needs as much support, advancing the debate on when the central bank might start tapering its monthly bond purchases. Meanwhile, the U.S. Treasury’s auction schedule suggested the government’s financing needs may have peaked.With Covid-19 cases starting to roll over, “reopening prospects should improve again, and the reflation trade should gather steam again over the coming months,” Esty Dwek, head of global market strategy at Natixis Investment Managers Solutions, said in a note. “The medium-term supports for equities remain unchanged.”Meanwhile, the surge in commodity prices continues to fuel debate over whether price pressures could get out of hand. The Bloomberg Commodity Spot Index returned to its highest level since 2011 as growth bets boost demand, while poor weather and transportation bottlenecks threaten supply. U.S. lumber futures notched fresh record highs as sawmills try to keep up with rebounding demand.Here are some key events to watch this week:Bank of England rate decision ThursdayThe April U.S. employment report is released on FridayThese are some of the main moves in markets:StocksS&P 500 futures slipped as of 12:18 p.m. in Tokyo. The index was little changedNasdaq 100 futures fell 0.2% after the gauge fell 0.3%Japan’s Topix Index rose 1.9%South Korea’s Kospi added 0.4%Australia’s S&P/ASX 200 Index fell 0.4%Hong Kong’s Hang Seng Index was flat China’s CSI 300 Index lost 1.4%Euro Stoxx 50 futures were little changedCurrenciesThe Bloomberg Dollar Spot Index rose 0.1%The Japanese yen was at 109.35 per dollar, down 0.1%The offshore yuan was at 6.4822 per dollar, up 0.1%The euro was little changed at $1.1999BondsThe yield on 10-year Treasuries rose more than one basis point to 1.58%Australia’s 10-year yield slipped four basis points to 1.70%CommoditiesWest Texas Intermediate crude rose 0.2% to $65.78 a barrelGold was at $1,789.79 an ounce, up 0.2%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.
'Game Builder Garage' for the Switch encourages players to make and share their own games.
A savvy Bunnings shopper has shared their 'brilliant' tip for finding plants that have been discounted. Find out how you can save money on greenery here.
(Bloomberg) -- China announced that it was suspending a regular economic dialogue with Australia, in a largely symbolic move intended to signal Beijing’s growing frustration with Canberra.The National Development and Reform Commission said in a statement Thursday it was indefinitely halting all activities under the China-Australia Strategic Economic Dialogue. While the two sides have held three rounds of talks under the mechanism since 2014, it hasn’t convened since September 2017.The Australian dollar fell as much as 0.6% to 77 U.S. cents. The Australian Department of Foreign Affairs and Trade didn’t immediate respond to a request for comment.Australia decided last month to cancel agreements between China’s Belt and Road Initiative and Victoria state, in the latest blow to ties with the country’s largest trading partner. Relations between the two sides have deteriorated as Beijing curbs imports from Australia after efforts by Canberra to restrict access by Hauwei Technologies Co. and its seek a probe into the origins of the coronavirus pandemic.Some Australian government officials took action to disrupt the normal exchanges and cooperation between China and Australia out of a “Cold War mindset” and ideological discrimination, the NDRC said. Australia is also reviewing whether to force a Chinese company to sell a lease to a strategically important port used by U.S. Marines, a move that could further stoke tensions with Beijing.China and Australia haven’t held ministerial level meetings since the foreign ministers met in Beijing in January 2019.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.
The Northern Territory Health Minister has cast doubt on an ambitious plan to quarantine foreign workers at a former Darwin mining camp used by the US Marines.Industry groups have urged the Commonwealth and NT government to retask the Bladin Point Worker Village as a COVID-19 quarantine facility.
Collingwood coach Nathan Buckley concedes the blowtorch on the Magpies' disastrous AFL campaign is having an impact on morale.The heat on Buckley's coaching future went to new levels after Collingwood's defeat - their fifth straight - to Gold Coast last Saturday placed the off-field powerhouse in 17th on the ladder with a 1-6 record.
Image source: The Motley Fool. Fastly Inc. (NYSE: FSLY)Q1 2021 Earnings CallMay 05, 2021, 5:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood afternoon.
LUMN earnings call for the period ending March 31, 2021.
Joining us today on the call are Jordan Kaplan, our president and CEO; and Kevin Crummy, our CIO; and Peter Seymour, our CFO. This call is being webcast live from our website and will be available for replay during the next 90 days.
Weightlifter Laurel Hubbard is set to make history at the Tokyo Olympics. Find out more.
Asian shares have risen and commodity prices held near multi-year highs as investors switched to cyclicals amid hopes of a strong economic recovery, while the Australian dollar fell after China said it would end economic dialogue with Canberra.MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.
A man has appeared in court charged with raping a woman after offering her a ride home from a night out in Melbourne.Abdouslam Alsharif, 50, is charged with two counts of rape and one count of sexual assault on April 30.
The woman claims she found faeces on her burger wrapper and felt sick after eating chips from the same bag.
The Indian delegation is now self-isolating after two members of the group tested positive for COVID-19.Dominic Raab said rules had been meticulously applied and had worked effectively and it remained important for the leaders' summit in June to go ahead.Britain is hosting the three-day foreign ministers' meeting - the first such G7 event in two years - which has been billed as a chance to restart face-to-face diplomacy and a opportunity for the West to show a united front against threats from China and Russia.India, currently undergoing the world's worst surge in COVID-19 cases, is attending the G7 as a guest and had been due to take part in meetings on Tuesday evening and throughout Wednesday.Founded in 1975 as a forum for the West's richest nations to discuss crises such as the OPEC oil embargo, the G7 this week addressed what it perceives as the biggest current threats: China, Russia and the coronavirus pandemic.
NEW ORLEANS, May 05, 2021 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors of pending deadlines in the following securities class action lawsuits: Lordstown Motors Corp. (RIDE) Class Period: 8/3/2020 - 3/24/2021Lead Plaintiff Motion Deadline: May 17, 2021SECURITIES FRAUD To learn more, visit https://www.ksfcounsel.com/cases/nasdaqgs-ride/ CytoDyn, Inc. (CYDY)Class Period: 3/27/2020 - 3/9/2021Lead Plaintiff Motion Deadline: May 17, 2021SECURITIES FRAUDTo learn more, visit https://www.ksfcounsel.com/cases/otc-cydy/ Root, Inc. (ROOT)Class Period: 10/28/2020 - 3/8/2021, or shares issued pursuant and/or traceable to the October 2020 Initial Public OfferingLead Plaintiff Motion Deadline: May 18, 2021SECURITIES FRAUD, MISLEADING PROSPECTUSTo learn more, visit https://www.ksfcounsel.com/cases/nasdaqgs-root/ Vroom, Inc. (VRM)Class Period: 6/9/2020 - 3/3/2021Lead Plaintiff Motion Deadline: May 21, 2021SECURITIES FRAUDTo learn more, visit https://www.ksfcounsel.com/cases/nasdaqgs-vrm/ If you purchased shares of the above companies and would like to discuss your legal rights and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner, Lewis Kahn, toll-free at 1-877-515-1850, via email (Lewis.Kahn@KSFcounsel.com), or via the case links above. If you wish to serve as a Lead Plaintiff in the class action, you must petition the Court on or before the Lead Plaintiff Motion deadline. About KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana. To learn more about KSF, you may visit www.ksfcounsel.com. Contact: Kahn Swick & Foti, LLC Lewis Kahn, Managing Partnerlewis.firstname.lastname@example.org Poydras St., Suite 3200New Orleans, LA 70163
Protesters have ventured into Queensland's agricultural heartland with the aim of disrupting the beef industry's premier event, which has hosted both the prime minister and the premier.Activists from Animal Liberation Queensland claim there are far-reaching environmental and climate change repercussions from the industry, and they're spreading their message at Rockhampton's Beef Week.
It's the latest escalation in China-Australia tensions.
Hong Kong democracy activist Joshua Wong will face an additional 10 months in jail for participating in an unauthorised assembly on June 4 last year to commemorate the 1989 crackdown on protesters in and around Beijing's Tiananmen Square. Commemorations of the Tiananmen crackdown are banned in mainland China, but Hong Kong traditionally held the largest vigils globally every year, having been promised certain freedoms when it returned to Chinese rule in 1997, including rights of expression and assembly. Wong, 24, already in prison due to other illegal assembly convictions and among 47 activists charged under the city's sweeping national security law, was sentenced in the District Court on Thursday.
French start-up Shift Technology, a developer of software to help insurers detect fraudsters, has closed a $220 million fundraising that brings its valuation to over $1 billion, it said on Thursday. "This includes products specifically designed for the health insurance market to help avoid improper payments," said Jeremy Jawish, Shift Technology's CEO and co-founder. Shift Technology's software analyses insurance claims and can help insurers to identify when a bad actor may be using a policy to commit crimes, such as money laundering.