By Fanny Potkin, Aradhana Aravindan SINGAPORE (Reuters) – Facebook said on Monday it planned two new undersea cables to connect Singapore, Indonesia and North America in a project with Google and regional telecommunication companies to boost internet connection capacity between the regions. “Named Echo and Bifrost, those will be the first two cables to go through a new diverse route crossing the Java Sea and they will increase overall subsea capacity in the trans-pacific by about 70%,”… Source link

Bloomberg Turkey Says April Rate Cut Shouldn’t Be Taken for Granted (Bloomberg) — Turkish central bank Governor Sahap Kavcioglu said markets shouldn’t take for granted that he’ll cut interest rates as soon as April, when he sets monetary policy for the first time since his surprise appointment.“I do not approve a prejudiced approach to MPC decisions in April or the following months, that a rate cut will be delivered immediately,” Kavcioglu said in a written response to questions… Source link

INDIANAPOLIS – There are certain games each March that instantly earn a spot in a time capsule. They levitate there via searing momentum swings, shots that elicit visceral reactions and no-no-no-yes shot making. The overtime thriller on Sunday night between No. 2 Alabama and No. 11 UCLA should be shipped to that place immediately, stored for future generations to appreciate sport as dramatic art. It captured all the quintessential March essences with eight lead changes, 11 ties and a… Source link

TipRanks Goldman Sachs Bets on These 3 Stocks; Sees Over 50% Upside Potential What goes up must come down, as we all know. This fact of physics is the underlying worry of the stock market, that fuels our suspicions of bubbles. But investment firm Goldman Sachs doesn’t believe we should worry; the firm’s chief global equity strategist Peter Oppenheimer gives several reasons to expect that the market’s current upward trend is real. His key points include the equity risk premium, the real… Source link

By Makiko Yamazaki and Stanley White TOKYO (Reuters) -Nomura Holdings Inc on Monday flagged a possible $2 billion loss at a U.S. subsidiary, prompting Japan’s biggest brokerage and investment bank to shelve a hefty bond issuance and sending its stock tumbling by the most in over a decade. Nomura’s stock was greeted by a deluge of sell orders at market open, pushing its price down as much 16% in early trade. The firm in a statement said the $2 billion hit derived from transactions with a U.S…. Source link

TipRanks Goldman Sachs Bets on These 3 Stocks; Sees Over 50% Upside Potential What goes up must come down, as we all know. This fact of physics is the underlying worry of the stock market, that fuels our suspicions of bubbles. But investment firm Goldman Sachs doesn’t believe we should worry; the firm’s chief global equity strategist Peter Oppenheimer gives several reasons to expect that the market’s current upward trend is real. His key points include the equity risk premium, the real… Source link

(Bloomberg) — Global traders are bracing for what’s shaping up to be one of the most anticipated opens for U.S. equities in months following an extraordinary $20 billion wave of block trades Friday that rattled investors worldwide. Archegos Capital Management LLC — the family office of Bill Hwang — was behind the sales, dumping shares of Chinese tech giants and U.S. media conglomerates, according to two people directly familiar with the trades. While some of the stocks targeted in the… Source link

TipRanks Goldman Sachs Bets on These 3 Stocks; Sees Over 50% Upside Potential What goes up must come down, as we all know. This fact of physics is the underlying worry of the stock market, that fuels our suspicions of bubbles. But investment firm Goldman Sachs doesn’t believe we should worry; the firm’s chief global equity strategist Peter Oppenheimer gives several reasons to expect that the market’s current upward trend is real. His key points include the equity risk premium, the real… Source link

Fourth stimulus check: Will Biden and Congress give you another payment? As millions of Americans still wait for their third stimulus check, speculation is heating up over the prospects for a fourth round of cash payments to help households and the U.S. economy recover from the pandemic. Online searches for the phrase “fourth stimulus check” have mushroomed over the past few weeks, according to Google Trends, and one economist says another payment is “certainly possible.” More than 60 members… Source link

A new tech industry association, led by a former Google public policy director and with funding from Amazon.com Inc., Facebook Inc. and Google, is coming to Washington. But instead of starting its efforts with traditional tech policy issues, the group is leaning hard into another Democratic linchpin: voting rights. Just a few days after House lawmakers ripped into the chief executives of Facebook, Google and Twitter Inc. for myriad issues, the Chamber of Progress launches Monday with the… Source link