Author: FX

JAKARTA (Reuters) – Seven people were killed and some missing in Indonesia’s North Maluku province on Sunday after floods in the east of the sprawling archipelago, the local search and rescue agency said. Heavy rainfall since Saturday caused the flooding on Ternate island, hitting Ternate city, said the agency, Basarnas. “Our team still making efforts to evacuate the victims who were hit by landslides and house building materials that were carried away by the flood,” Basarnas said in a statement, adding two people were found alive. News website Detik.com and broadcaster Kompas TV said 11 people had died, but a…

Mon: UK Market Holiday (Bank Holiday), German Ifo (Aug)Tue: CBRT Minutes, Chinese Industrial Profit (Jul), German GfK Consumer Sentiment (Sep)Wed: Australian CPI (Jul), Nvidia (NVDA) Earnings (Q2)Thu: Spanish Flash CPI (Aug), German State CPIs (Aug), EZ Sentiment Survey (Aug), US GDP (2nd) and PCE (Q2)Fri: Japanese Tokyo CPI (Aug), French Prelim CPI (Aug), German Unemployment (Aug), EZ Flash CPI (Aug), Italian Flash CPI (Aug), US PCE (Jul), US University of Michigan Final (Aug)PBoC Delayed MLF (Mon): PBoC announced last week that it has delayed its MLF operation and will conduct it on August 26th. Instead of the MLF, the PBoC…

JERUSALEM (Reuters) -Israeli jets launched strikes in Lebanon after the military assessed that the Iranian-backed Hezbollah movement was preparing to fire rockets and missiles towards Israel, the military said early on Sunday. “The IDF identified the Hezbollah terrorist organization preparing to fire missiles and rockets toward Israeli territory. In response to these threats, the IDF is striking terror targets in Lebanon,” the Israel Defence Forces said in a statement. Flights to and from Ben Gurion airport in Tel Aviv were been suspended, and Israel’s cabinet was to meet at 7 a.m. (0400 GMT), Israeli media reported. Hezbollah did not immediately…

The 100 pips strategy takes a more measured approach, focusing on capturing larger price movements over extended periods. The goal is to secure a predetermined number of pips per trade typically around 100 by strategically entering and exiting positions based on thorough market analysis. Both strategies cater to different trader preferences and risk tolerances. Scalping appeals to those who thrive in fast-paced environments and enjoy the thrill of frequent trading opportunities. On the other hand, the 100 pips strategy attracts traders who prefer a more patient and calculated approach, aiming for fewer but potentially more substantial gains over time. We…

The W%R Indicator, the brainchild of technical mastermind Larry Williams, is a momentum oscillator that gauges whether a financial instrument is overbought (priced too high) or oversold (priced too low) within a specific timeframe. Imagine it as a thermometer for market sentiment, with readings hovering near the top reflecting potential overbought conditions and readings near the bottom hinting at oversold territories. Interpreting W%R Indicator Values Here’s a breakdown of how to interpret W%R readings: -20 and below: This zone suggests potentially oversold conditions. It might be a good time to consider buying opportunities but remember, it’s not a guaranteed signal.…

(Reuters) – NASA will return Boeing (NYSE:)’s faulty Starliner capsule to Earth without astronauts Butch Wilmore and Suni Williams, who will return to Earth on a SpaceX vehicle early next year, NASA chief Bill Nelson said on Saturday. Starliner launched its first two astronauts, both former military test pilots, into space on June 5 as a crucial test before it can receive NASA approval for routine flights. But what was supposed to be an eight-day mission docked to the ISS has been drawn out by months after the capsule sprang leaks and some of its thrusters failed. Here’s a rundown…

By Allison Lampert, David Ljunggren and Anna Mehler Paperny MONTREAL/OTTAWA (Reuters) -The union representing over 9,000 Canadian rail workers vowed on Friday to challenge the federal government’s effort to mandate binding arbitration that would end an unprecedented rail stoppage at both of the country’s main freight rail carriers. The Teamsters union also filed notice to strike on Monday at Canadian National Railway (TSX:), Canada’s largest railway. The union’s moves are the latest twist in labor disputes at CN and Canadian Pacific (NYSE:) Kansas City, which locked out Teamsters members on Thursday, triggering a simultaneous rail stoppage that business groups said…

Roman Didkivskyi Siemens Healthineers (OTCPK:SEMHF) is looking to pay more than €200M ($224M) to acquire a Novartis (NYSE:NVS) business focused on producing radioactive chemicals for cancer scans, The Financial Times reported Saturday, citing people familiar with the matter. The transaction for the diagnostic arm of Advanced Accelerator Applications, which Novartis (NVS) acquired in 2017, is expected to close in Q4 2024, pending regulatory reviews and discussions with Novartis’ (OTCPK:NVSEF) works council. AAA runs Europe’s second-largest network of cyclotrons, which are used to manufacture radioactive compounds that help in cancer detection through positron emission tomography (PET) scans. Siemens Healthineers (OTCPK:SMMNY) said…

By Tom Sims and Rene Wagner FRANKFURT (Reuters) -Police hunted on Saturday for an unknown assailant hours after he killed three people and wounded others in a stabbing attack at a festival in the western German city of Solingen. Eight were injured, five of them seriously, the police said in a statement early on Saturday. That was up from the four serious injuries the police reported earlier. “Both victims and witnesses are currently being questioned. The police are currently searching for the perpetrator with a large team,” police said. The incident occurred around 9:40 p.m. (1940 GMT) on Friday, when…

IMF chief economist Pierre-Olivier Gourinchas spoke in an interview with Reuters at the Jackson Hole annual economic symposium on Friday. Saud the BoJ can continue to raise rates gradually, a ‘data dependent’ pace: inflation is higher than the Bank’s 2% targetinflation expectations have started to move “maybe even a little bit above” that targetBOJ’s beginning to normalise monetary policy is “certainly something that we think is a good development for Japan” Gourinchas also weighed in with his two cents on the market volatility:”I think the market overreacted,” “… we could see other episodes of market volatility” due to rate cuts…