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The Latest Breaking News from Nomura

Did a city consultant’s financial relationship with Bally’s help the gamer win the casino bid?

The Johnson administration should step in now and find out one way or another.

Chicago Sun-Times

Firm that brought Bally’s to Chicago casino deal stood to profit from another Bally’s deal

The company that former Mayor Lori Lightfoot picked to own and operate the planned Chicago casino had financial ties to a consultant City Hall hired to solicit and evaluate bidders.

Chicago Sun-Times

Stocks Climb Before the Open on U.S. Debt Deal Optimism, Walmart Earnings on Tap

June S&P 500 futures (ESM23) are up +0.16%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.21% this morning after three major U.S. benchmark indices rallied on Wednesday as hopes of a deal to raise the U.S. debt limit and a jump in regional bank stocks boosted risk appetite.

Barchart

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Stocks Move Higher Before the Open on U.S. Debt Deal Optimism, Walmart Earnings on Tap

June S&P 500 futures (ESM23) are up +0.08%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.15% this morning after three major U.S. benchmark indices rallied on Wednesday as hopes of a deal to raise the U.S. debt limit and a jump in regional bank stocks boosted risk appetite.

Barchart

The questions over government contractors and consultants

Government spending on consultants and contractors is back in the news - but what are they actually paid to do?

Newsroom.co.nz

Why UK house prices could plunge by 20% after the latest interest rate hike

Property market has defied gravity for years but analysts say rising mortgage rates will mirror the 1980s price crash

The Guardian - UK

Deal worth £227m paves way for landmark city centre development

Phase one is scheduled to be completed in August next year with the second phase due in March 2025

Birmingham Post

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COVID spread fears grow as China unwinds zero-tolerance curbs

As many Chinese embraced new freedoms on Thursday after the country dropped key parts of its tough zero-COVID regime, there was mounting concern that a virus that had largely been kept in check could soon run wild.

Reuters

Beijing Drops COVID Testing Burden with Wider Easing Eyed

People in China's capital Beijing on Tuesday were allowed to enter supermarkets, offices and airports without having to show negative COVID tests, the latest in a mix of easing steps nationwide after last month's historic protests. "Beijing readies itself for life again" read a headline in the government-owned China Daily…

Asharq Al-Awsat

Beijing drops COVID testing burden as wider easing beckons

Residents of China's capital were allowed into parks, supermarkets, offices and airports without a negative COVID-19 test on Tuesday, the latest in a mix of easing steps nationwide after unprecedented protests against a tough zero-COVID policy.

Reuters

China's COVID infections hit record as economic outlook darkens

China reported record high COVID-19 infections on Thursday, with cities nationwide imposing localised lockdowns, mass testing and other curbs that are fuelling frustration and darkening the outlook for the world's second largest economy.

Reuters

The U.S. and China are facing very different COVID winters

Fauci says the U.S. will not see a repeat of last winter’s COVID wave — but surging infections in China leave experts fearing for the viability of its zero COVID policy.

Fortune

Beijing shuts parks, Shanghai tightens entry as China COVID cases rise

Beijing shut parks and museums on Tuesday and Shanghai tightened rules for people entering the city as Chinese authorities grapple with a spike in COVID-19 cases that has deepened concern about the economy and dimmed hopes for a quick reopening.

Reuters

Violent anti-lockdown riots break out in Chinese city of 15million as Covid spreads

Guangzhou in China has had the largest new outbreak of Covid-19 with new infections exceeding 5,000 for the first time - fuelling speculation that officials could roll out more lockdowns

Daily Mirror

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Daily Mirror

Woman dragged to quarantine camp by hazmat-suited officials in China's zero-Covid regime

The distressing footage was believed to have been taken in China last month and shows one woman being dragged along the floor by two officials - terrified screams and shrieks can be heard

Daily Mirror

China puts 210m people into lockdown after two 'highly contagious’ Covid strains emerge

China has reported a third straight day of more than 1,000 cases and Leader Xi Jinping has swung his zero-Covid policy into action with 208 million people currently living under lockdown

The Times of India

China ramps up lockdowns, Covid restrictions across country

BEIJING: Investors hoped China would ease its stringent Covid Zero strategy once the pivotal Communist Party congress cemented President Xi Jinping’s grip on power. Instead, the opposite seems to be happening.

Benzinga

Nomura Joins Other Big-Name Financial Players To Back Blockchain Startup Fnality

Tokyo-based bank Nomura Holdings Inc. (NYSE: NMR) has invested in Fnality, a blockchain-based interbank payment and settlement network that is now sponsored by 17 major financial institutions.

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news in one place.

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Benzinga

Nasdaq Jumps Into Crypto

Happy Friday Everyone! 👋 With macro firmly in the driver’s seat for the time being, we’re keeping an eye on everything happening “off the field”.

StockNews.com

3 Stocks to Sell as Investors Brace for More Fed Tightening

Concerns about skyrocketing inflation, the Federal Reserve's hawkish stance to tame it, and the prospect of a recession have driven recent market selloffs. As the Fed is expected to keep raising interest rates to bring inflation down to its target level, fundamentally weak stocks Peloton Interactive (PTON), Revolve Group (RVLV),…

Benzinga

Alibaba, Other Hong Kong Stocks Show Optimism In Early Trade Even As Analysts Downgrade China Growth Projections

Hong Kong’s Hang Seng index opened in the green on Friday, gaining 0.12% in opening trade, following a muted session on Wall Street. Investors also digested macro news from Japan where the headline inflation rose to 2.6% in July as compared to 2.4% in June.

The Hindu

Bidding for spectrum, including 5G airwaves, to begin this week

Reliance Jio, Adani Data Networks, Bharti Airtel and Vodafone Idea to participate in the auction set to begin on July 26, at which analysts do not foresee any aggressive bidding due to the abundancy of spectrum and the limited number of participants

Bangkok Post

Dark clouds on the horizon

The drumbeat warning of recession is getting louder and more frequent, based on reports from the US and other major economies.

The Guardian - UK

Europe at risk of recession amid concerns Russia could cut gas supplies

Energy prices had already surged in second half of 2021 but Russia’s invasion of Ukraine has exacerbated this

Bangkok Post

Bank of Ayudhya buys Nomura's Thai securities unit for $155m

Thailand's Bank of Ayudhya Plc (BAY) announced in a filing on Thursday it would acquire Nomura's securities unit in Thailand for US$155.3 million (5 billion baht).

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