scraps – SindhTribune.com

Pakistan fears rising tensions after India scraps water treaty

April 24, 2025

Australia scraps Lockheed satellite as defense priorities clash

November 6, 2024

Mortgage rates cross back over 7% after U.S. credit downgrade
After several weeks of sitting stagnant, mortgage rates surged higher Monday following Moody’s decision to downgrade the U.S. credit rating. Bond yields rose after the late Friday announcement, and mortgage rates loosely follow the yield on the 10-year Treasury. The average rate on the popular 30-year fixed loan hit 7.04% on Monday, according to Mortgage News Daily.…
Ray Dalio says the risk to U.S. Treasurys is even greater than what Moody’s is saying
Bridgewater Associates founder and billionaire Ray Dalio warned Monday that Moody’s downgrade of the U.S. sovereign credit rating understates the threat to U.S. Treasurys, saying the credit agency isn’t taking into account the risk of the federal government simply printing money to pay its debt. “You should know that credit ratings understate credit risks because they only…
Judge bars Trump administration from shutting peace institute that sought to end violent conflicts
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails A federal judge on Monday blocked the Trump administration from moving forward with its dismantling of the U.S. Institute of…
China says U.S. undermined trade talks with Huawei chip warning
China on Monday accused the United States of undermining the two countries’ prelimin trade agreement after the U.S. issued an industry warning against using Chinese chips that singled out Huawei. Beijing has “demanded” that the Trump administration “correct its mistakes,” a spokesperson for China’s Commerce ministry told a reporter, calling the U.S. Commerce Department’s guidance “discriminatory” and “market distorting.” “China urges the U.S. to…
Mizuho and Mercer to team up to offer asset management services
TOKYO — Mizuho Financial Group will partner with U.S. pensions consultant Mercer to enter the comprehensive asset management business for corporate pension funds, educational institutions and other institutional clients. Mizuho plans to begin offering the services by the end of September. The move will mark the first time a Japanese megabank enters the comprehensive asset…
Trump tariffs create the ‘perfect storm’ for scams, cybersecurity expert says — 3 red flags to watch out for
New tariff policies might be setting the stage for cybercriminals to scam consumers, experts say. Fraud attempts may appear in the form of a “tariff payment request” text or email claiming to be from a retailer, delivery company or a government agency. The swiftly changing and unfamiliar landscape of tariff policies, along with economic strain, can…
As thunderstorms threaten Alabama, National Weather Service warns of radio outage
Severe storms are expected to sweep across Alabama this week, as the National Weather Service undergoes an outage of the radio service that broadcasts key weather information for the region. The NWS’s office in Birmingham said it will be conducting a “required, scheduled update” to its Advanced Weather Interactive Processing System, which is used to…
Singapore’s private banks use finance boot camps to target wealthy Chinese scions
SINGAPORE — Over five days in Hong Kong, children of the cream of the crop of Singapore lender United Overseas Bank’s clients networked with prominent enterprises in the Chinese-ruled city, such as Porsche sports car distributor Jebsen Motors. This first such expedition for the bank, in 2023, was part of a clutch of programs for rich scions…
Toyota group to borrow up to $21bn to take Toyota Industries private
TOKYO — Toyota Motor and other Toyota group companies are considering borrowing up to 3 trillion yen ($20.7 billion) from financial institutions to help take machine maker and parts supplier Toyota Industries private, Nikkei has learned. A special purpose vehicle funded by the companies will launch a tender offer for Toyota Industries.