Tuesday, September 27, 2022

Japan Bangladesh Dollar sweeps to 20-year high, sterling on the ropes High Ret Today Hira Vai Dhaka

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Officials didn't realize until Tuesday morning Porfirio Duarte-Herrera was missing during a head count at Southern Desert Correctional Center near Las Vegas. A state Department of Corrections statement said search teams were looking for him.

Inmate Escape-Vegas Bombing
This undated photo provided by the Nevada Department of Corrections shows Porfirio Duarte-Herrera, a convicted bombmaker who was discovered missing Tuesday, Sept. 27, 2022, from Southern Desert Correctional Center outside Las Vegas.AP

Musk’s lawyer contends in a court brief.

The document, filed late Tuesday with the federal appeals court in Manhattan, was written to support Musk’s appeal of a lower court’s April decision to uphold the settlement with Securities and Exchange Commission.

The brief says that a provision in the settlement requiring Musk to get prior approval before tweeting about the electric car company is an illegal “government-imposed muzzle on Mr. Musk’s speech before it is made.”

The settlement required that his tweets be approved by a Tesla attorney before being published. The SEC is investigating whether Musk violated the settlement with tweets last November asking Twitter followers if he should sell 10% of his Tesla stock.

Duarte-Herrera, from Nicaragua, was convicted in 2010 of killing a hot dog stand vendor using a motion-activated bomb in a coffee cup atop a car parked at the Luxor hotel-casino.

Records show his co-defendant, Omar Rueda-Denvers, remained in custody Tuesday. The 47-year-old from Guatemala is serving a life sentence at a different Nevada prison for murder, attempted murder, explosives and other charges.

MIAMI - Hurricane Ian remained a Category 3 storm on Tuesday night and was poised to come ashore somewhere along the coast of southwest Florida with Fort Myers in the crosshairs. 

At 11 p.m., Hurricane Ian was moving toward the north-northeast near 10 mph.

On the forecast track, the center of Ian is expected to pass west of the Florida Keys within the next few hours, and approach the west coast of Florida within the hurricane warning area on Wednesday.

The center of Ian is forecast to move over central Florida Wednesday night and Thursday morning and emerge over the western Atlantic by late Thursday.

Maximum sustained winds are near 120 mph with higher gusts.

A Clark County District Court jury spared both men from the death penalty in the slaying of Willebaldo Dorantes Antonio, whom prosecutors identified as the boyfriend of Rueda-Denvers' ex-girlfriend.

Prosecutors said jealousy was the motive for the attack on the top deck of a two-story parking structure. The blast initially raised fears of a terrorist attack on the Strip.

Officials described Duarte-Herrera as 5 feet, 4 inches tall and 135 pounds, with brown eyes and brown hair.

Sisolak said his office ordered corrections officials to "conduct and complete a thorough investigation into this event as quickly as possible."

"This kind of security lapse cannot be permitted and those responsible will be held responsible," he said.

alled “partial mobilization” ordered last week by the country’s president, Vladimir Putin, shows “this war that was started by the Kremlin is unpopular.”

“Regardless of their nationality, [people] may apply for asylum in the United States and have their claims adjudicated on a case by case basis,” Jean-Pierre added. “We welcome any folks who are seeking asylum and they should do that.

“What we’re seeing in Russia are the people of Russia who are saying they do not want this war, they do not support Putin’s war,” she went on.

Hurricane Ian could strengthen to a Category 4 storm as it targets Florida, forecasters say.

The hurricane made landfall in Cuba about 4:30 a.m. Tuesday just southwest of La Coloma in the western province of Pinar del Río with maximum sustained winds of 125 mph, according to the National Hurricane Center.

Forecasters expect the storm to continue to intensify as it makes its way north toward the west coast of Florida, where a hurricane warning has been issued from Chokoloskee to Anclote River, including Tampa Bay, and Dry Tortugas.

A number of counties along Florida’s west coast issued evacuation orders. It is not yet clear where exactly Ian will make landfall, but Gov. Ron DeSantis said late Tuesday the forecast track appeared to show the storm making landfall at Charlotte and Lee counties, south of Tampa.

Ian is expected to bring 12 to 18 inches of rain to central and northeast Florida, and 6 to 8 inches to the Keys and south Florida through Thursday.

Hurricane Ian moving steadily toward Florida's west coast

Hurricane Ian was moving closer to Florida's west coast early Wednesday, according to the National Hurricane Center.

In its latest update at 2 a.m., the center said Ian was moving northeast at about 10 mph, and is expected to slow Wednesday before turning to the north on Thursday.

The Category 3 storm was about 95 miles southwest of Naples early Wednesday.

The hurricane is expected to move onshore later Wednesday, the hurricane center said.

The center of the storm is expected to pass over central Florida on Wednesday night and Thursday morning, and emerge over the western Atlantic by late Thursday, the hurricane center said.

The military call-up, in which the Kremlin seeks to draft some 300,000 men for the fighting in Ukraine — has sparked protests, violence, and a run on Russia’s borders. Airline tickets to the few countries still accepting direct flights from Russia have been sold out for days.

Karine Jean-Pierre
“Regardless of their nationality, [people] may apply for asylum in the United States.” Karine Jean-Pierre added.
Getty Images/Chip Somodevilla
russian men fleeing
The White House is encouraging Russian men fleeing the country to seek asylum in the US.
AP

In the southern Russian province of Dagestan over the weekend, a group of women protesting the war chanted “no to war” while chasing police officers and demanding the release of other anti-war protestors. Protests continued in Dagestan Monday and included frequent clashes with police.

How much will interest rates rise by and when will they come down?

Sports entertainment company WWE has expanded its long-running relationship with Australian pay TV giant Foxtel Group with a new TV and WWE Network rights deal unveiled on Tuesday that makes Foxtel the exclusive destination for WWE in the country.

Rupert Murdoch’s News Corp owns a 65 percent stake in Foxtel, with Australian telecom powerhouse Telstra holding 35 percent. Foxtel has been WWE’s TV partner in the country for more than two decades. Streaming service WWE Network has, however, so far been a standalone service in Australia, operated by the sports entertainment firm. Now, WWE Network content will become available exclusively through Foxtel’s streaming service Binge, similar to how NBCUniversal streamer Peacock is the home of WWE Network content in the U.S.

 

China's central bank has been trying to slow the yuan's slide by making it more expensive to bet against the currency. The People's Bank of China (PBOC) also cut how much foreign currency banks have to hold.

Many investors see the dollar as a safe place to put their money in times of trouble.

That has helped to drive up its value against other currencies, including the British pound - which hit an all-time low against the dollar on Monday.

Also on Wednesday, the dollar reached a fresh 20-year high against a closely-watched group of leading global currencies.

The yuan's slide is yet another example of a currency weakening as a result of the strong dollar.

It is also about the very different paths China and the United States are taking in response to economic issues at home.

 

The PBOC has been easing interest rates to revive growth in an economy ravaged by Covid lockdowns, while the US Federal Reserve is moving aggressively in the opposite direction as it tries to control inflation.

Such a divergence is not wholly problematic, Joseph Capurso, head of international and sustainable economics at the Commonwealth Bank of Australia told the BBC.

The fall in the currency's value can actually be helpful for exporters within China, he said, because it would make their goods cheaper and so could increase demand.

That said, exports only make up 20% of the Chinese economy these days, so a weak yuan will not turn around fundamental weakness domestically largely caused by Beijing's zero-Covid strategy and a property crisis, said Mr Capurso.

A weaker currency can also lead to investors pulling their money out of the country and uncertainty in financial markets - something Chinese officials will want to avoid with the Communist Party Congress coming up next month, when its president Xi Jinping is expected to secure an unprecedented third term in office.

The yuan's fall has caused weakness in other currencies of developed economies in the region, including the Australian and Singapore dollar as well as the South Korean won.

 

Last week, the Bank of Japan intervened to support the yen for the first time since 1998, after the currency weakened against the dollar.

Asia's emerging markets are vulnerable too - as they sell raw materials and components to China's factories and so have increasingly become dependent on the yuan.

Washington has in the past accused China of intentionally devaluing its currency to keep exports cheap and imports from the US expensive.

While the strong dollar has rattled world markets, it is unlikely to deter the Fed from continuing to raise rates.

"The strong dollar is working for the US market," Dimitri Zabelin at the London School of Economics' foreign policy think-tank said.

"It will be a consideration but it will not weigh as heavy as domestic concern about inflation."

Markets have priced in a peak in the Bank Rate of 5.8pc in July 2023, up from 2.25pc today.

But Andrew Wishart, of Capital Economics, an analyst, cautioned that this expectation should not be taken too literally. However, big rate rises are undoubtedly in the pipeline.

Previously, Capital Economics had forecast a Bank Rate peak at 4pc. “We now think there is a good chance that the Bank rate will rise from 2.25pc to a peak of 5pc next year, rather than 4pc,” Mr Wishart said.

Pantheon Macroeconomics, another analyst, has forecast a lower peak in the Bank Rate at 4pc, and expects this will fall to 3.5pc in 2024.

Can I still get a mortgage and what are my best options?

The number of available mortgage deals has plunged. Altogether, lenders yesterday pulled 284 deals from the market, according to Moneyfacts, an analyst.

As of this morning, there were 3,596 residential mortgage deals on the market – a loss of nearly 10pc in just four days.

Overall, the number was down 32pc compared to the start of December, before interest rate rises began.

 

And the numbers will keep falling because more lenders are pulling deals. This morning, specialist lenders LiveMore Capital temporarily suspended its fixed-rate deals, while Hodge, another later-life lender, withdrew its residential and holiday let deals in the short term. Buy-to-let lender CHL also withdrew its mortgage range.

Lenders are expected to relaunch deals soon, but these will be at higher rates than before.

Borrowers still have options, but there is no guarantee how long these deals will be available. They are likely to become more expensive soon.

Right now, the best two-year fixed-rate deal on the market for a buyer with a 10pc deposit is with Penrith Building Society at 3.49pc with a £999 fee, according to Moneyfacts. Buyers with a 25pc deposit can get a two-year fix at 4.06pc with a £490 fee with First Direct.

Aaron Strutt, of Trinity Financial mortgage brokers, said: “There is a frenzy of people wanting to get a cheap enough mortgage while they still can, because the rates will go up.” With deals being withdrawn with a few hours’ notice, borrowers and brokers have rushed to lock in a fixed rate while they can. But the turmoil has caused banks’ phone lines and applications systems to jam.

What will interest rate rises mean for my mortgage payments?

Borrowers can expect big rate rises at each of the Bank of England’s Monetary Policy Committee meetings, which are held every six weeks. There was speculation yesterday that the Bank of England would make an emergency rate rise, but Governor Andrew Bailey said that the Bank would make its decision at its next meeting on November 3.

The MPC’s decisions will affect mortgage payments in three different ways. First, the 1.6 million borrowers who are on variable rate deals – one in five mortgaged homeowners – will see their bills rise almost immediately.

If it raises the Bank Rate by 0.75 percentage points in November, an average homeowner on a variable rate would see their monthly payments jump by £95, according to Hamptons estate agents. This would be followed by further rises following each Bank Rate decision.

The second way buyers and homemovers would be hit is when the Bank Rate change filters into rate rises for new mortgages. The average rate for a two-year fixed-rate mortgage with a 25pc deposit has already tripled so far this year, rising from 1.34pc in January to 3.64pc, according to Pantheon. “It will rise to at least 6pc by the end of the year, if markets are right about the path for the Bank rate, and possibly further,” Pantheon said.

If the rate on a two-year fix hits 6.14pc, monthly payments for a buyer purchasing an average UK property will be £1,488, according to Hamptons. This would be £321 per month more than in August.

If the Bank Rate rose to 6pc next year, and mortgage rates rose to 7.89pc, the monthly payment on an average home would hit £1,696. That is £569 per month more than in August.

This means the buyer would pay an extra £13,656 in interest over the course of a two-year fix.

There is a bigger, looming problem for homeowners who are coming to the end of their fixed-rate deals. Pantheon expects the average homeowner remortgaging this winter will see a four percentage point jump in their mortgage rate.

Next year, the blow will be even greater. According to UK Finance, the lender body, 1.8 million homeowners will need to refinance in 2023. Half a million will be coming to the end of two-year fixes, meaning they took out loans when it was possible to get sub-1pc mortgage deals. They will have to refinance at rates that are possibly eight times higher.

In Ryazan, 100 miles southeast of Moscow, a man lit himself on fire Monday while shouting that he did not want to go to war.

The government of Kazakhstan, a former Soviet republic that shares a large southern border with Russia, said Tuesday that roughly 98,000 Russians had come to the country in the week since the mobilization was announced.

Who are some of the key players operating in the Metagenomics market and how high is the competition 2022?

Company Information: List by Country Top Manufacturers/ Key Players In Metagenomics Market Insights Report Are:

According to this latest study, the 2022 development of Third-Party Replacement Strap for Metagenomics will have huge change from earlier year.

This report contains market size and forecasts of Metagenomics in China, including the following market information:

China Metagenomics Market Revenue, 2016-2021, 2022-2027, (USD millions)

China top five Metagenomics companies in 2020 (%)

The global Metagenomics market size is expected to growth from USD 204.2 million in 2020 to USD 397.8 million by 2027; it is expected to grow at a CAGR of 9.5% during 2021-2027.

The China Metagenomics market was valued at USD million in 2020 and is projected to reach USD million by 2027, at a CAGR of % during the forecast period.

QYResearch has surveyed the Metagenomics Companies and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Metagenomics market identifies the increase in RandD of therapeutic vaccines as one of the prime reasons driving the Metagenomics Market growth during the next few years. Also, increased disease diagnostic modalities, and increasing research on combination therapies will lead to sizable demand in the market.

COVID-19 / Great lockdown has compressed the global economy and with it the manufacturing sector, production, disruption, financial.

 

It also discussions about the market size of different segments and their growth aspects along with Competitive benchmarking, Historical data and forecasts, Company revenue shares, Regional opportunities, Latest trends and dynamics, growth trends, various stakeholders like investors, CEOs, traders, suppliers, Research and media, Global Manager, Director, President, SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization and others. Revenue forecast, company share, competitive landscape, growth factors and trends

What are the major applications and type, of Metagenomics?

Major Product Types of Metagenomics covered are:

 

This report focuses on the Metagenomics in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. The Metagenomics-market report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market.

What are the major regional markets of Metagenomics in Global, according to the Market Growth Reports report?

Metagenomics Market analysis, by Geography: Major regions covered within the report: Consumption by Region 2022: -

● North America (U.S. and Canada) Market size, Metagenomics growth, Market Players Analysis and Opportunity Outlook

 

● Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Metagenomics growth and Market Players Analysis and Opportunity Outlook

 

● Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands and Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Metagenomics growth Market Players Analyst and Opportunity Outlook

 

● Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Metagenomics growth and Market Players Analysis and Opportunity Outlook

 

● Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Metagenomics growth Market Players Analysis and Opportunity Outlook

Nervous financial markets propelled the safe-haven dollar to a fresh two-decade peak on Wednesday as rising global interest rates fed recession worries, while sterling languished near all-time lows on fears over Britain's radical tax cut plans.

The U.S. dollar index against a basket of major currencies rose about 0.5% to hit a new high of 114.70 in Asia trade.

The relentless upward march of the dollar came as benchmark U.S. 10-year Treasury yields rose to 4% for the first time since 2010, topping at 4.004%. The two-year yields stood at 4.2891%.

"It's a combination of the spillover from the UK... where the gilt yields have gone ballistic. And that has spilled over into other DM bond markets, so there's a bit of a ricochet effect," said Moh Siong Sim, a currency strategist at Bank of Singapore.

 

"And of course ... this is against the backdrop of a very determined message by the Fed to do whatever it takes to bring inflation down."

The Federal Reserve has led the global fight against surging inflation, turning even more aggressive recently by signalling further big rate increases on top of super-sized moves in the past few months.

That message was reinforced overnight by Chicago Fed President Charles Evans, St. Louis Fed President James Bullard and Minneapolis Federal Reserve Bank President Neel Kashkari, with Evans saying that the central bank will need to raise interest rates to a range between 4.50% and 4.75%.

The rising borrowing costs have intensified fears of a global recession, adding to the surge in bond yields worldwide.

Sterling was under fire again, slumping 0.95% to $1.06345, reversing a marginal 0.4% gain in the previous session. It is still nursing deep losses after collapsing to an all-time low of $1.0327 at the start of the week, having held near the $1.1300 level before last week's UK budget.

Bank of England Chief Economist Huw Pill said overnight that the central bank is likely to deliver a "significant policy response" in response to finance minister Kwasi Kwarteng's huge tax cut plans.

 

The report can help to know the market and strategize for business expansion accordingly. Within the strategy analysis, it gives insights from market positioning and marketing channel to potential growth strategies, providing in-depth analysis for brand fresh entrants or exists competitors within the Metagenomics industry. Global Metagenomics Market Report 2022 provides exclusive statistics, data, information, trends and competitive landscape details during this niche sector.

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