Asian equities rose at the open on Tuesday following a holiday weekend, as investors digested losses on Wall Street after the takeover of First Republic Bank. . Multiple markets in Asia resumed trading after a holiday weekend.
Spanish farmer Juan Francisco Abellaneda's salads and watermelons fill the shelves of European supermarkets winter and summer.. But many farmers are not convinced.
Australia announced a sweeping crackdown on vaping Tuesday, accusing tobacco companies of hooking the next "generation of nicotine addicts" by deliberately targeting teenagers.. "Just like they did with smoking, Big Tobacco has taken another addictive product, wrapped it in shiny packaging and added flavours to create a new generation of nicotine addicts."
Australia's Qantas Group named Vanessa Hudson as its first female chief executive on Tuesday, replacing the cost-cutting Irish-Australian Alan Joyce.. Hudson, who has been in Qantas' executive ranks for nearly three decades, will remain in her role as chief financial officer until then, the airline group said.
The United States could run out of funds to pay its debt obligations -- triggering a catastrophic default -- as early as the start of June, Treasury Secretary Janet Yellen said Monday, as policymakers tussle over raising the debt ceiling.. If the debt ceiling is not raised or suspended by Congress before current tools are exhausted, the government risks defaulting on payment obligations, with profound implications for the economy.
JPMorgan Chase's takeover of First Republic resolved the fate of the last major bank caught up in recent upheaval, but the sector still faces a weakening economy and challenges from higher interest rates.. "This deal does not change the rates, recession, and regulatory headwinds that regional banks are facing," UBS said.
Wall Street stocks were mixed on Monday as markets digested the takeover of the embattled First Republic Bank, while Tokyo stocks closed higher ahead of the Federal Reserve's key policy decision this week.. - Central bank focus - Looking ahead, investors are closely eyeing the US Fed's next interest rate decision this week along with key data such as employment numbers.
US financial authorities seized California's troubled First Republic Bank on Monday and sold it to JPMorgan Chase, hoping to bring to a close a two-month banking crisis that has spooked the financial system. . As part of the deal struck early Monday, the California regulator appointed the Federal Deposit Insurance Corporation (FDIC), an agency in charge of guaranteeing bank deposits, as the receiver of First Republic, to be immediately sold to JPMorgan Chase.
Chinese billionaire Jack Ma on Monday took up a visiting professor position at a Japanese university, another new academic role for the founder of tech giant Alibaba.. As visiting professor, the magnate is also expected to "provide advice and support" on research topics.
The hoax that rape was legal for a day was knocked down by fact-checkers two years ago.. Stopping a wildfire hoax, Duclos said, is down to users "exercising due diligence before resharing misinformation" -- which in this case could be a simple keyword search of "national rape day" that leads to multiple fact-checks from credible outlets.
