Business News

COLONIA, Yap (FSM Information Services) — During the state visit to Yap,  David W. Panuelo, president of the Federated States of Micronesia, joined  Jesse J. Salalu, Yap governor, in a signing ceremony  for a memorandum  of understanding between the government of the FSM, the State of Yap, and Blue…

(Reuters) — U.S. stock indexes rose on Wednesday after a bruising start to the week, as Federal Reserve Chair Jerome Powell signaled the central bank would start raising rates this month despite uncertainties stemming from the Ukraine crisis. In prepared remarks for his testimony to the U.S. House …

LONDON (Reuters) — Some of the world’s biggest cryptocurrency exchanges are staying put in Russia, breaking ranks with mainstream finance in a decision that experts say weakens Western attempts to isolate Moscow following the invasion of Ukraine. Western sanctions, which aim to squeeze Russia…

NEW YORK (Reuters) — Nasdaq Inc and Intercontinental Exchange Inc’s NYSE have temporarily halted trading in the stocks of Russia-based companies listed on their exchanges, their websites showed. The halts were due to regulatory concerns as the exchanges seek more information following economi…

(Reuters) — The U.S. Federal Reserve’s plan to end the loose money policies used to fight the pandemic is facing an unexpectedly early test as the Russian invasion of Ukraine poses new economic and financial risks already being felt in global markets. Fed Chair Jerome Powell testifies before …

WASHINGTON (Reuters) — U.S. manufacturing activity picked up more than expected in February as Covid-19 infections subsided, though hiring at factories slowed, contributing to keeping supply chains snarled and prices for inputs high. The Institute for Supply Management or ISM said on Tuesday that i…

NEW YORK/LONDON (Reuters) — The Russian ruble fell to fresh record lows on Monday while world stocks slid and oil prices jumped, as the West ramped up sanctions against Russia over its Ukraine invasion, with steps including blocking banks from the SWIFT global payments system. Russia’s centra…

LONDON (Reuters) — Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports. Brent crude rose $2.32, or 2.4%, to $100.25 by 1436 GMT after touching a high of $1…

(Reuters) — Warren Buffett is this year bringing back the annual extravaganza for shareholders of his Berkshire Hathaway Inc that he calls “Woodstock for Capitalists.” But the 91-year-old billionaire has a cautionary message: If you want to attend, get vaccinated against Covid-19. Proof…

THE Governor’s Council of Economic Advisers has announced the completion of another incredible community transformation project. Volunteers and staff of the Joeten-Kiyu Public Library and  Pacifica Insurance Underwriters. Through GCEA’s Marianas Village Pride or MVP Adopt-A-Median project, voluntee…