Iran Issues Nov 1st Blanket Ban On South Korean Tanker Giant Moving One-Third Of Persian Gulf Oil Exports

Inquest To Examine If Police Hand-Cuffing Contributed To Henry Nowak's Death Authored by Steve Watson via Modernity, The system that failed Henry Nowak will come under refreshed scrutiny as some medical experts have suggested police actions could have contributed to his tragic death. An inquest will probe whether Hampshire police officers caused or contributed to the 18-year-old student's death when they yanked his arms behind his back, handcuffed him, and treated him as a suspect while he lay bleeding out and pleading that he had been stabbed and could not breathe. This comes...

Housing Starts & Permits Plunge In August As Homebuilder Confidence Nears COVID Lows On the back of another tumble in homebuilder confidence (though still a long way from homebuyer confidence)... ...building permits were expected to decline in August (while starts were expected to rebound from July's big plunge). However, both Starts and Permits dropped MoM, dramatically worse than expected (Starts -2.6% MoM vs +6.7% MoM exp, Permits -2.7% MoM vs -1.5% MoM exp) On a SAAR basis, Starts at back near post-COVID lows while Permits are holding in a four year range... The details...

Bank Of Japan Confirms Yen Intervention, Fed Conducted 'Rate Check' Update (1645ET): Nikkei reports that market participants learned that the Japanese government and the Bank of Japan intervened in the foreign exchange market by buying yen and selling dollars. Additionally, Nikkei confirmed that the US monetary authorities conducted a "rate check," a preliminary step before intervention. This indicates that Japan and the US worked together to curb the yen's depreciation. *  *  * Having collapsed to its weakest relative to the dollar in 40 years, it appears the Ministry of Finance and Bank of...