Author: Press Room

Yields climbed on Friday and the yield on the 2-year Treasury note notched a new 15-year high as markets assessed the Federal Reserve’s latest rate hike and what it means for the economy going forward.The policy-sensitive 2-year Treasury hit a fresh 15-year record of 4.266% earlier in the session but was last trading at 4.18%.Meanwhile, the yield on the 10-year hit an 11-year high of 3.829% earlier in the session but last traded flat at 3.705%.Yields and prices move in opposite directions, with one basis point equaling 0.01%.The climb in yields came as markets weighed the implications of the Federal…

KUALA LUMPUR: Malaysian authorities have rescued 15 victims of suspected cybercrime rackets in Cambodia, its foreign ministry said, as the government steps up efforts to help hundreds of its citizens trapped by similar operations across Southeast Asia. The rescue of the victims, who arrived in Kuala Lumpur on Tuesday (Sep 20), comes amid raids across Cambodia this week on cybercrime compounds suspected of trafficking people into the country to work in illegal gambling and scam call centres. In a statement late Wednesday, Malaysia’s foreign ministry said it had received 301 reports of people trapped by the job scam networks in…

White House prepared to impose additional sanctions on Russia following ‘sham referendum’White House Principal Deputy Press Secretary Karine Jean-Pierre conducts a daily press briefing at the James S. Brady Press Briefing Room of the White House on Feb. 14, 2022 in Washington, DC. Jean-Pierre announced on March 27, 2022 that she tested positive for Covid-19.Alex Wong | Getty Images NewsThe Biden administration said it was prepared to impose additional sanctions on Russia following a referendum held in parts of UKraine.On Wednesday, Russian President Vladimir Putin voiced his support for a referendum to decide if four occupied regions of Ukraine should…

When J Balvin found himself struggling to create music amidst his struggles with mental health, he made the difficult decision to seek help. Now, he’s using what he learned to help others. The Colombian singer — born José Álvaro Osorio Balvín — is one of this generation’s best-selling Latin music artists, known for breaking barriers through sound, fashion and art. After opening up publicly about his personal struggles with anxiety and depression, he’s launching OYE, a bilingual wellness app. The goal? To empower anyone in the Latinx community — and other cultures — who is struggling with mental health by…

When it comes to trends, the fashion world is split right down the middle right now. You have the quiet luxe side that’s making a case for front-row-worthy plain white T-shirts and basic splurge-y tank tops. Then there are the uncontainable maximalists, who are letting their outfits do all the talking (or should I say shouting?), with smoking hot pink hues and—the reason why we’re here—dazzling mermaid skirts.What exactly is a mermaid skirt, you ask? Unlike traditional skirts, these were made to shine bright, literally, thanks to hypnotizing sequins and large-scale paillettes. The sparkling discs are sewn onto skirts in…

Slugger Aaron Judge is chasing baseball history. So where can you watch it? The New York Yankees outfielder is on the brink of hitting the most home runs in American League history as he sits on 60 for the season. The current record is 61, which was set in 1961 by another Yankees outfielder, Roger Maris. (The overall record for a season is 73 by San Francisco Giants star Barry Bonds. That record was set in the National League in 2001.) On Friday night, game two of the series between the Yankees and its hated rival, the Boston Red Sox,…

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.After raising 300% during its presale, Tamadoge has officially announced its upcoming token listing on OKX – one of the world’s largest cryptocurrency exchanges. Can this new play-to-earn cryptocurrency provide 10x gains following the token listing? Let’s take a look. Tamadoge Lists on OKX ExchangeAfter raising $19 million to complete one of the best crypto presales in 2022, Tamadoge (TAMA) has announced its exclusive IEO (initial exchange offering) via OKX – a centralized and decentralized exchange. Tamadoge’s official Twitter handle confirmed…

The rush to find energy sources outside Russia has helped drive demand for products of oil and gas industry supplier Smiths Group to record highs, as its customers in other countries expanded production. The FTSE 100 company said on Friday that the value of new orders received by its subsidiary John Crane, which sells mechanical seals to oil pipelines and gas pumps, rose almost 11 per cent in the year to July, with its order book reaching the highest value to date.“[The business] is being flooded with orders right now,” chief executive Paul Keel told the Financial Times. “All non-Russian…

The European Commission is willing to work with any democratic government across the bloc but has the “tools” if things go in a “difficult direction”, Ursula von der Leyen has said in response to a question about Italy’s upcoming elections.The latest polls available suggest a right-wing three-party coalition, led by Brothers of Italy (FDI), a Eurosceptic party that directly traces its roots to a neo-fascist movement, is poised to win a majority of seats.FDI leader Giorgia Meloni, who has repeatedly railed against what she calls Brussels bureaucrats and LGBT lobbies, is tipped to become the country’s first female prime minister.Italy’s much-anticipated vote…

An overwhelming appetite from Europe for liquefied natural gas to replace Russian pipeline exports is leaving developing countries starved of gas and creating a market for traders to profit from a rush to secure supplies.China, India, Brazil, Pakistan and Bangladesh will have the highest rate of decline in demand for liquefied natural gas this year, down 34.5mn tonnes compared to last year’s forecast, according to data from the commodity analytics firm ICIS, compiled for the Financial Times. That equates to roughly 9 per cent of global LNG supplies in 2021.Increasingly, they are being outbid for expensive LNG by richer countries…