Washington Financial News

LONDON (Reuters) — Sanctions-hit Alrosa kept diamond sales in the first half of 2023 at the year-ago levels, the Russian company said on Monday as it reported financial results for the first time since Moscow's 2022 invasion of Ukraine.

(Reuters) — Hawaiian Electric Industries' (NYSE:HE) shares plunged nearly 40% in early trading on Monday amid growing scrutiny over whether the utility company's equipment played any role in the deadly wildfires that burnt through the coastal Maui town of Lahaina.

Crypto’s legitimacy and adoption have increased in recent years, and along with the uptick in use, the tech has become a topic of political divisiveness, resulting in a perception of partisanship — especially in the United States. 

Global regulators spent more than a decade trying to ensure that a large bank could fail without any government support. Despite this year’s bank failures, they are still working on it. Global regulators are reviewing the March failures, including Credit Suisse’s collapse and Swiss officials’ decision to push UBSto acquire its rival in a deal with billions of public money, people familiar with the probe said.

The executive order regulates US investments in China in sensitive technologies. Investors, advisers and an administration official said it is tailored around national security and reflects months of consultations with industry and other stakeholders. Even so, the order, while narrow in scope as expected, is unprecedented.

Defence Minister Li Shangfu will visit Russia and Belarus this week, his ministry said on Monday, as relations between Beijing and Moscow flourish with high-level visits and phone calls. Ties have remained warm in recent years, with China refusing to speak out against Russia's widely condemned invasion of neighbouring Ukraine.

by Dr. Vivek Lall

PTI. In an interview with PTI, Thanedar said that there is a general view in the US Congress that Washington's relationship with New Delhi is very important for the national security of the US. In the US, there is bipartisan support for closer ties with India and it was evident from the warm welcome showered on Prime Minister Modi by both Democrats and Republicans during his address to the joint session of the US Congress on June 23, the report said citing the US Congressman.

BEIRUT (Reuters) — The Jordanian military on Sunday downed a drone carrying crystal meth that was flying into Jordanian territory from neighbouring Syria, the state news agency Petra reported.

By Dan Williams

jobless recovery in America, and China appeared to be returning to its old robust self. Inflation was off the floor, seen as a good thing. Japan and the eurozone looked good.

National Dominican Day Parade, a prominent showcase of Latino pride, will illuminate the streets of Midtown Manhattan on Sixth Avenue. This annual event promises to immerse the city in the captivating colors and rhythms of the Dominican Republic. In an unprecedented turn of events, this year marks a historic occasion as the President of the Dominican Republic graces the parade as the Grand Marshal. This notable presence adds a special touch to the 41-year legacy of the celebration.’

Tax receipts are falling, which has historically preceded economic recessions. In a recent post, we discussed the issue of rising debt levels on economic growth and increasing debt levels. To wit:

«Vessels are being advised to transit as far away from Iranian territorial waters as possible» to minimise the risk of seizure, US Fifth Fleet spokesperson Commander Tim Hawkins told AFP. The International Maritime Security Construct (IMSC), led by Washington, is «notifying regional mariners of appropriate precautions to minimize the risk of seizure based on current regional tensions, which we seek to de-escalate,» he added. The alliance, established in 2019, is made up of 11 countries, including the United States, Great Britain, Saudi Arabia and the United Arab Emirates. Its mission, according to its website, is to «provide reassurance to merchant shipping in the Middle East region». The United Kingdom Maritime Trade Operations (UKMTO) agency said late Saturday in a statement that it had been «made aware of an increased threat within the vicinity of Strait Of Hormuz», through which one-third of the world's oil transported by sea passes.

Ukraine crisis, visiting US Congressman Shri Thanedar said here on Sunday. Thanedar told PTI in an interview that there is a general view in the US Congress that Washington's relationship with New Delhi is very important for the national security of the US. The Indian-origin Congressman is part of a bipartisan group of US lawmakers who are in India to take part in several events including Prime Minister Narendra Modi's address at the historic Red Fort on August 15.

Wholesale prices in the United States picked up in July yet still suggested that inflationary pressures have eased this year since reaching alarming heights in 2022

Reuters. Two witnesses on Saturday confirmed that they have been told to appear before a grand jury in Atlanta on Tuesday, August 15, the clearest indication yet that Fulton County District Attorney Fani Willis will lay out her case to the jury after more than two years of investigating. If Trump is charged in Georgia, it would mark his fourth indictment in less than five months, and the second to arise from his efforts to overturn Joe Biden's 2020 victory, Reuters reported.

By Joseph Ax

The U.S. Treasury Department has imposed financial sanctions against four Russians on the board of Alfa Group

Wholesale prices in the United States picked up in July yet still suggested that inflationary pressures have eased this year since reaching alarming heights in 2022

Pakistan prime minister Imran Khan was not completely off the mark when he publicly accused the United States of ensuring his removal as prime minister through a no-confidence motion with the help of the army in April last year. He had waved a paper at every public rally claiming the same to be a diplomatic cable from Asad Majeed Khan, Pakistan's Ambassador to the US, dated March 7, 2022, in which the US had used threatening language against him.