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POLITICO Pro Central Banker: Bond tsunami — Turkish test — BTP Valore

Published Tue, 25 Feb 2025 23:51:55 GMT

Our one-stop source for central banking & monetary policy news.View in your browser or listen to audioBy GEOFFREY SMITHwith ANJULI DAVIES, BEN MUNSTER and IZABELLA KAMINSKASNEAK PEEK— Fed set to pause, ECB to hike as rate-setters digest U.S. CPI data on Tuesday.— Turkey’s ‘dream team’ faces a race against time.— Nigerian central bank governor is suspended after initiating system of parallel exchange rates.POLICY TICKERECB 3.75% ⇡ — BOE 4.5% ⇡ — FED 5.35% ⇡— SNB 1.5% ⇡— BOJ -0.10% ⇣— RBA 4.10% ⇡— PBOC 3.65%⇣— CBR 7.5% ⇣ — BOC 4.75% ⇡ — SARB 8.25% ⇡Good morning, everyone. I hope you had a lovely weekend and enjoyed the sun. Congratulations especially to fans of Manchester City (who said that money can’t buy you happiness?), and to Novak Djokovic devotees, who will start this jam-packed week with a suffused glow of satisfaction.The odds are on a relatively quiet start to the week, with both the European Central Bank and the Federal Reserve hunkering down for policy meetings. The Fe...

18-year-old arrested on felony hit-and-run, attempted murder: police

Published Tue, 25 Feb 2025 23:51:55 GMT

CORONADO, Calif. -- A man was critically injured Sunday morning after attempting to stop a suspect who reportedly stole his vehicle in Coronado, authorities said.According to the Coronado Police Department, a call came in around 5:20 a.m. reporting a man on the hood of a tan sedan that was traveling on Orange Avenue. Authorities say the individual was yelling.A short time later, police say another call came in again reporting a man on the hood of a vehicle, this time near the Toll Plaza area. The caller notified authorities that a crash had occurred. According to the department, the driver of the vehicle and a passenger were seen fleeing the scene on foot. Responding officers located the vehicle facing eastbound in the westbound lanes near the Toll Plaza, where authorities say it had collided with the concrete toll structure. Pedestrian critically injured in hit-and-run An injured 33-year-old man was found laying in the next lane with injuries described as life-threatening. He wa...

Tony Awards telecast makes inclusive history and puts on quite a show despite Hollywood strike

Published Tue, 25 Feb 2025 23:51:55 GMT

NEW YORK (AP) — The intimate, funny-sad musical “Kimberly Akimbo” nudged aside splashier rivals on Sunday to win the musical crown at the Tony Awards on a night when Broadway flexed its creative muscle amid the Hollywood writers’ strike and made history with laurels for nonbinary actors J. Harrison Ghee and Alex Newell.“Kimberly Akimbo,” with songs by Jeanine Tesori and a book by David Lindsay-Abaire, follows a teen with a rare genetic disorder that gives her a life expectancy of 16 navigating a dysfunctional family and a high school romance. Victoria Clark, as the lead in the show, added a second Tony to her trophy case, having previously won one in 2005 for “The Light in the Piazza.”Producer David Stone credited the musical’s writers for penning a magic trick, calling “Kimberly Akimbo” a “musical comedy about the fragility of life, so healing and so profound and joyous that is almost impossible.” The musical took home a leading five awards, including best book and score.Earl...

Stock market today: Asian shares mixed as investors await Fed policy decision, price data

Published Tue, 25 Feb 2025 23:51:55 GMT

BANGKOK (AP) — Shares were mixed in Asia on Monday after the S&P 500 logged its fourth winning week in a row, while investors await another decision by the Federal Reserve on interest rates.Most observers expect no change in rates given recent data showing the U.S. economy slowing. This week also brings price data that might indicate whether the Fed is succeeding in snuffing inflation. Friday also will bring a policy meeting of the Bank of Japan, which has refrained from making any major changes to its minus 0.1% benchmark interest rate despite rising prices, citing a need to wait and see if the inflation is sustained. Tokyo’s benchmark NIkkei 225 added 0.3% to 32,362.58, while the Hang Seng in Hong Kong gave up 0.6% to 19,279.66. In Seoul, the Kospi declined 0.5% to 2,627.52. The Shanghai Composite index slipped 0.3% to 3,222.35. Shares rose in Taiwan and India but fell in Bangkok. Australian markets were closed for a holiday. Stocks inched higher Friday to close out a li...

Political collateral? Oregon GOP walkout on ‘culture war’ bill threatens billions in school funds

Published Tue, 25 Feb 2025 23:51:55 GMT

PORTLAND, Ore. (AP) — Funding for schools, literacy programs and special education teachers in Oregon — a state where 60% of third graders can’t read at grade level — could be jeopardized by a Republican walkout that has stalled hundreds of bills and derailed the Legislature for nearly six weeks.The standoff over a bill that would expand access to abortion and gender-affirming health care could scuttle much-needed education funding in a year when the stars seemed to align for Oregon’s budget. Tax revenues have exceeded state economists’ projections, allowing lawmakers to approve a record K-12 budget of $10.2 billion. But the education spending legislation needs a vote from the Senate, which hasn’t been able to conduct business since May 3 because of the GOP boycott, and time is running out, with just two weeks left until the legislative session ends.“Supporting strong schools and improving student outcomes should be enough to make anyone show up for work,” De...

Iraq’s parliament approves budget, ending dispute over oil revenue sharing with Kurdish region

Published Tue, 25 Feb 2025 23:51:55 GMT

BAGHDAD (AP) — Iraq’s parliament belatedly approved a record $152 billion budget for 2023 on Monday, after months of wrangling over the sharing of oil revenue between the central government in Baghdad and the semi-autonomous Iraqi Kurdish region in the north. The process was also hampered by infighting between different Iraqi Kurdish parties. The budget — approved six months into the fiscal year and after four chaotic late-night voting sessions — allocates 12.6% of the revenue to the Kurdish region and is seen as strengthening Baghdad’s hand on the oil revenues. The central government in Baghdad and the Kurdish regional government in the city of Irbil have been locked in a dispute over oil revenue for years, while competing Kurdish parties are also at loggerheads over their shares.In the absence of a binding law detailing the sharing of funds from oil and gas exports, the Kurdish region has moved ahead with exports on its own, while Baghdad has maintained that all exports shou...

Pope recovering well from surgery but skips Sunday blessing

Published Tue, 25 Feb 2025 23:51:55 GMT

Pope Francis' recovery from surgery is going well but doctors advised him not to deliver his Sunday blessing from a hospital balcony to avoid strain on his abdomen.Briefing reporters at the Gemelli hospital on Saturday, chief surgeon Sergio Alfieri also said the 86-year-old had agreed with doctors to stay there for at least all of next week.Francis underwent a three-hour operation to repair an abdominal hernia on Wednesday (7 June)."Only three days have passed. We asked the Holy Father to be prudent and avoid the strain (of standing at the balcony)," Alfieri said. "Each time he gets out of bed and sits in an armchair puts stress on the abdominal walls."A mesh prosthetic was inserted into the abdominal wall to help it heal and doctors want it to settle and attach properly to avoid another operation if it breaks, he added."You can understand how that would not be pleasing for him, and for me," Alfieri joked.PORTUGAL, MONGOLIA TRIPS STILL ON SCHEDULEVatican spokesperson Matteo Bruni sa...

Attempted break-ins have Upland neighborhood on alert

Published Tue, 25 Feb 2025 23:51:55 GMT

Residents of an Upland neighborhood are on edge after a series of attempted break-ins over the weekend, with one person waking up to someone trying to kick the door of his home in.  Home surveillance cameras captured what appears to be the same man banging on different doors in the neighborhood and then running off when he sees either the video doorbell or realizes that someone is inside the home.  The suspect does the same thing at least three times Friday night on Ukiah Way in Upland. Neighbors told KTLA that there were also three to four other people inside a car on the street that was waiting for the suspected robber.  One resident, Richard Castellano, said the man his surveillance cameras captured appeared to be casing the street before them approaching his front door. “The gentleman who was at my door was in a hoodie and sweats, and he saw my doorbell ring and the light went off and he took off. So, I was very fortunate,” he said. “You hear about this happe...

VIDEO: Owner reunites with French bulldog weeks after being stolen in Oakland

Published Tue, 25 Feb 2025 23:51:55 GMT

(KRON) -- A French bulldog named Boba was stolen during an Oakland smash-and-grab back in April. The theft, in which the suspect grabbed Boba out of a Tesla in Jack London Square, was caught on video. Suspect arrested in standoff that temporarily shut down Coliseum BART station After weeks of separation, Boba was reunited with her owner Toya Zheng on Sunday. The happy reunion, which took place in Union City, was also captured on video (watch in the player above). Zheng says Boba was abandoned by a man in Antioch who left the Frenchie at a dog park. The man asked a woman there to watch over Boba but never came back.The woman took Boba, who had no collar or ID tag, for a microchip check, according to Zheng. After the microchip failed because Boba was not microchipped, the woman searched for missing dog posts online about Boba.Eventually, the woman got a hold of Zheng, and they arranged a meeting to reunite Boba and her owner. KRON On is streaming news live now.embed-container { pos...

ANÁLISIS | Por qué la segunda acusación de Trump puede no hundirle en 2024

Published Tue, 25 Feb 2025 23:51:55 GMT

(CNN) — Las pruebas de la acusación contra Donald Trump por su presunta mala gestión de documentos clasificados tras dejar el cargo pueden parecer “asombrosas”.El caso supone la primera vez que un expresidente es acusado ante un tribunal federal y apenas la segunda vez que un expresidente es acusado en cualquier lugar (después del propio Trump, a principios de este año en un tribunal del condado de Nueva York).Lo que hace que los cargos sean aún más ahistóricos es que llegan en un momento en el que Trump se presenta a las elecciones presidenciales. ¿Cómo influirá esta nueva acusación en la campaña electoral?Digamos que debemos ser, al menos inicialmente, escépticos de que Trump vaya a ser penalizado en las encuestas.Una encuesta de ABC News/Washington Post realizada a principios de mayo preguntaba si Trump debería enfrentarse a cargos penales por sus presuntas acciones con los documentos clasificados. La mayoría de los estadounidenses (54%) dijo que debería hacerlo...