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☆ US and China are buying into Mexico’s manufacturing moment
▼ + stars: | 2024-04-28 | by ( John Towfighi | ) edition.cnn.com time to read: +9 min

CNN —As US supply chains decouple from China, Mexico’s manufacturing sector is emerging as a winner. Ramos said Mexico and China have been competing for the US manufacturing market for years, but amid a shifting US-China relationship, Mexico looks poised to pull ahead. Those exports were driven by manufacturing, which comprises 40% of Mexico’s economy, according to Morgan Stanley. Meanwhile, Chinese exports to the US were down 20% in 2023, compared to 2022. Analysts at Morgan Stanley see the value of Mexico’s exports to the United States growing from $455 billion to about $609 billion in the next five years.

Persons: That’s, nearshoring, Alberto Ramos, Goldman Sachs, Ramos, Morgan Stanley, Katherine Tai, CNN’s Julia Chatterley, Tai, United States Jose Luis Gonzalez, Xeneta, Peter Sand, Jose Enrique Sevilla, John Raines, Goldman’s Ramos, Biden, Raquel Buenrostro, —, Joe Biden, Donald Trump, Trump, ”, Global’s, Raines, Christoffer Enemaerke, “, Tesla, Elon Musk, Julio Cesar Aguilar, BYD doesn’t, RBC’s Enemaerke, Michael Nam Organizations: CNN, Manufacturing, Commerce Department, US Trade, General Motors, Ford, Reuters, Shipping, Container Trade, Xeneta, Moody’s Analytics, P Global Market Intelligence, steelworkers, “, Global’s Sevilla, Macip, RBC, Getty, BYD, ” Sevilla, Monterrey Locations: China, Mexico, Canada, North America, US, Ciudad Juarez, United States, Pittsburgh, Mexican, Monterrey, ”, Nuevo Leon, Asia

☆ US F-16 fighter crashes off South Korea in third loss of Korea-based jet in a year
▼ + stars: | 2024-01-31 | by ( Brad Lendon | Oren Liebermann | ) edition.cnn.com time to read: +2 min

Seoul, South Korea CNN —A United States Air Force F-16 fighter jet crashed after suffering an in-flight emergency off the coast of South Korea Wednesday, in the third crash of one of the US military’s Korea-based warplanes in less than a year. The pilot, assigned to the 8th Fighter Wing, ejected safely and was recovered about 50 minutes after the crash, the Air Force statement said. Wednesday’s crash was the third of a South Korea-based F-16 in less than a year, though there are no indications they are related. An F-16 Fighting Falcon assigned to the 80th Fighter Squadron takes off from Kunsan Air Base, South Korea, on September 18, 2023. In May 2023, an F-16 crashed into an agricultural area near Osan Air Base, south of Seoul, during training.

Persons: ”, Matthew Gaetke ,, Samuel Earick, Kunsan Organizations: South Korea CNN, United States Air Force, Kunsan Air Base, 8th Fighter, Air Force, Matthew Gaetke , 8th Fighter, 80th Fighter Squadron, . Air Force, Korean, Osan Air Base, US Air Force, Air Forces, Air Force Safety Center Locations: Seoul, South Korea, Korea, Korean, Republic, Osan

☆ Apollo Global’s CSO Talks About Knitting Sustainability Into the Culture
▼ + stars: | 2023-11-29 | by ( Rochelle Toplensky | ) www.wsj.com time to read: +9 min

A sustainability veteran with more than 24 years’ experience, Stangis has built sustainability teams at both Intel and Campbell Soup . WSJ Pro: Do you have a favorite sustainable product or service, that isn’t an Apollo company? In terms of our regulatory reporting, we made some great progress, but it’s also helping and building the tools for our portfolio companies. Stangis: We’ve got data from all of our portfolio companies from surveys of 100-plus questions every year. So our portfolio companies, they’re literally doing sustainability reporting to us, we’re compiling it and then making that public.

Persons: Dave Stangis, Stangis, Campbell, it’s, we’ve, I’ve, —, We’ve, they’re, we’re, Rochelle Toplensky Organizations: Apollo Global Management, Intel, Pro, Business, Campbell Soup Company, WSJ, Private Equity, Flagship Fund, Apollo, Rochelle, rochelle.toplensky@wsj.com Locations: Europe, Asia, Paris, Detroit, U.S, Russia, Ukraine, decarbonize, we’ve

☆ How an Indian startup hacked the world
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +41 min

The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, prominent attorneys and more. Run by a pair of brothers, Rajat and Anuj Khare, the company began as a small Indian educational startup. The Indian company hacked on an industrial scale, stealing data from political leaders, international executives, sports figures and more. Back in 2012, Kristi Rogers was an executive at Aegis, a London-based security company. Canadian security company GardaWorld, which acquired Aegis in 2015, said it had no information on the incident.

Persons: Chuck Randall, Randall, “, ” Randall, ”, Randall’s inbox, Appin, Rajat, Anuj Khare, Rajat Khare’s, Clare Locke, Khare “, Khare, ” Clare Locke, Ted Kaczynski, Anuj, who’ve, SentinelOne, Tom Hegel, Appin “, Hegel, Mandiant, ” Hegel, Shane Huntley, ” Huntley, Google’s Huntley, ‘, Jochi Gómez, Gómez, Halevi, Tamir Mor, Russian oligarch Boris Berezovsky, Mohamed Azmin Ali, ” Mor, Berezovsky, Azmin, Mor, Roman Abramovich, Mark Hastings, Hastings, didn’t, Jim H, ” Jim H, Jim H’s, Kristi Rogers, Mike Rogers, he’s, Global’s, sully, Rogers, Damian Perl, – “, Steven Santarpia, ” Santarpia, Santarpia, Leonel Fernández, ” Fernández, Rajat Khare, “ Let’s, Ministry of Home Affairs didn’t, Peter Hargitay, Stevie, Billing, ” Stevie, ’, ” Peter Hargitay, Mookhey, Norman Shark, Jonathan Camp, Shark, Camp, Norman, Dominican Republic –, Dan Brady, Sandra Schweingruber, ” Schweingruber, Schweingruber, Brady, ” Gómez, –, ” –, Anna Carter, Mark Califano, ” Rajat Khare’s, India’s, Educomp, Karen Hunter, Hunter, Bryan, Rajat’s, Vijay Kumar, Deepak Kumar, Kumar, ACSG, Jay Solomon, Solomon, ” Rebsec’s, Vishavdeep Singh, Rebsec, CyberRoot, Sumit Gupta, Gupta, Raphael Satter, Zeba Siddiqui, Christopher Bing, Ryan McNeill, Corinne Perkins, John Emerson, Marla Dickerson Organizations: Reuters, Google, Harvard University, U.S, Symantec, Appin, Caribbean, El, Israeli Defense Forces, Commando, Quillon Law, U.S . House Intelligence, The Michigan Republican, U.S . Senate, Aegis, Global Security, Security, Rogers, Army Corps of Engineers, Rotary, Aegis ’, Global, ” Reuters, Britain’s, Appin Software Security, Ltd, Appin Security, –, Research, Analysis, Intelligence Bureau, Indian, India’s Ministry of Home Affairs, India’s Ministry of Defense, of Home Affairs, Central Bureau of Investigation, CBI, Federal Bureau of Investigation, Ministry of Home Affairs, Telenor, Broadcom, FBI, Dominican, Criminal Investigation Service, Appin Security Group, CERT, country’s, Bureau of Investigation, Educomp, State Bank of India, State Bank, The National Security Agency, NSA, U.S ., Swiss, Appin Technology, India’s Ministry, Corporate Affairs, Control Security Global, Technology, Kumar, Facebook, Meta, BellTroX, Services, Street, New, Rebsec, BellTroX’s, Hire Locations: Long, New Delhi, India, Yorker, Paris, Swiss, cybersecurity, Appin, Dominican, California, “, Dominican Republic, El Siglo, United States, Britain, Switzerland, New York, French, New Jersey, Israel, Russian, Malaysian, London, Rwandan, Virginia, Canadian, Chuck@shinnecock.org, Texas, Indian, India’s Punjab, Pakistan, Zurich, Australia, Norway, Oslo, Brady, Former, ”, U.S, Islip, Shinnecock, Washington, cyberespionage

☆ Russian manufacturer test-flies prototype widebody passenger airplane
▼ + stars: | 2023-11-08 | by ( Barry Neild | Anna Chernova | ) edition.cnn.com time to read: +4 min

CNN —Russia’s leading aircraft manufacturer says it’s completed a successful test flight of a new widebody passenger airplane that it claims could replace Western aircraft in the country’s skies. UAC, which oversees Russian aviation brands including Tupolev, Ilyushin and Sukhoi, said the plane will be capable of carrying up to 370 passengers, a capacity that would put it alongside the likes of Airbus’ A340 or Boeing’s 777. As of 2022, only 144 active Russian airline planes were built in Russia, according to data provided by aviation analytics firm Cirium. “Although Moscow won’t admit it, the sanctions that followed the Ukraine invasion have really damaged Russian aviation,” Murdo Morrison, head of strategic content at FlightGlobal, tells CNN. Addressing concerns, Russia’s Ministry of Transport said at the time that flight safety on Russia-operated aircraft meets international standards.

Persons: CNN —, it’s, ”, Denis Manturov, Vladimir Putin, Murdo Morrison, ‘, Yuri Slyusar, FlightGlobal’s Morrison Organizations: CNN, CNN — Russia’s, United Aircraft Corporation, UAC, Russian, Tupolev, Sukhoi, Airbus, Russia, Boeing, Bombardier, Embraer, Moscow, ”, Ural Airlines, International Civil Aviation Organization, Russia’s Ministry of Transport Locations: Ukraine, Russia, “, Russia’s Novosibirsk, Bhutan, Congo, Liberia, Moscow

☆ With the Strikes Over, the Mood in Hollywood Is Decidedly Mixed
▼ + stars: | 2023-11-08 | by ( Brooks Barnes | More About Brooks Barnes | ) www.nytimes.com time to read: +1 min

But Disney+, Paramount+, Peacock and others continue to lose money. Most analysts say that there are too many streaming services and that the weakest will ultimately close or merge with bigger competitors. The entertainment industry’s underlying cable television and box office problems also remain dire, in some cases growing worse during the five months it took to restore labor peace. In July, Disney announced that it was exploring a once-unthinkable sale of a stake in ESPN, the cable giant that has powered much of Disney’s growth over the past two decades. Paramount Global’s once-venerable cable portfolio, centered on Nickelodeon and MTV, has also been pummeled by cord cutting; Paramount shares have dropped nearly 50 percent since May.

Persons: ” Zack Stentz, “, “ Thor, ”, Max, Peacock, Paramount Global’s Organizations: Netflix, Hulu, Warner Bros, Discovery, Paramount, Comcast, Disney, ESPN, Nickelodeon, MTV

☆ Watch CNBC’s full interview with Trivariate’s Adam Parker and Rockefeller Global’s Cheryl Young
▼ + stars: | 2023-10-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Trivariate’s Adam Parker and Rockefeller Global’s Cheryl YoungTrivariate’s Adam Parker and Rockefeller Global’s Cheryl Young, joins 'Closing Bell' to discuss the rise in high yields, inflation and the state of the consumer.

Persons: Trivariate’s Adam Parker, Rockefeller Global’s Cheryl Young Trivariate’s Adam Parker, Rockefeller Global’s Cheryl Young

☆ The risk reward is skewed toward the positive, says Trivariate’s Adam Parker
▼ + stars: | 2023-10-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe risk reward is skewed toward the positive, says Trivariate’s Adam ParkerTrivariate’s Adam Parker and Rockefeller Global’s Cheryl Young, joins 'Closing Bell' to discuss the rise in high yields, inflation and the state of the consumer.

Persons: Trivariate’s Adam Parker Trivariate’s Adam Parker, Rockefeller Global’s Cheryl Young

☆ Fact Check: Video of jet landing on carrier is not Lebanese, predates Israel-Hamas conflict
▼ + stars: | 2023-10-11 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A video of an F-18 jet landing on an aircraft carrier has been misrepresented online as showing a Lebanese Dassault Mirage III jet landing on an Iranian vessel. However, the video shows an F-18 jet, not a Dassault Mirage III, and the captured landing predates the October Israel-Hamas conflict by at least five years. At present, the Lebanese Air Force does not own any Dassault Mirage III aircraft, according to Flight Global’s 2023 World Air Forces directory. Iran also does not own an aircraft carrier according to GlobalFirepower (GFP), global military data providers. The video predates the October Israel-Hamas conflict and shows an F-18 jet, not a Lebanese Dassault Mirage III, and the aircraft carrier is not Iran’s.

Persons: Read Organizations: Lebanese Dassault Mirage, Iran’s, Dassault, YouTube, Lebanese Air Force, Dassault Mirage, Air Forces, Lebanese Dassault, Reuters, Thomson Locations: Lebanese, Iranian, Lebanon, Israel, Iran

☆ Coinbase is a crypto conundrum, squared
▼ + stars: | 2023-07-20 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +7 min

Shares in Coinbase got a major boost after money management behemoth BlackRock (BLK.N) applied to launch a bitcoin-backed exchange-traded fund this month with Coinbase as its custodian. Coinbase shares are up nearly 54% in July, handily beating the tech-heavy Nasdaq Composite Index (.IXIC), which rose 4%. Price targets range widely: analysts polled by Refinitiv think Coinbase is worth anywhere from $8 billion to nearly $50 billion. Coinbase investors would therefore be unwise to count on a judge delivering Coinbase a win. Given bitcoin’s current $584 billion market capitalization, that suggests $74 billion of ETFs would not be much of a stretch.

Persons: Brian Armstrong, Coinbase, behemoth BlackRock, –, Gary Gensler, there’s, Goldman Sachs, Cowen, Refinitiv, Armstrong, Sam Bankman, Larry Fink, Charles Schwab, doubters, Ripple, John Foley, Streisand Neto Organizations: YORK, Reuters, Securities and Exchange, Nasdaq, SEC, Citigroup, Commodity Futures, BlackRock, Bank, New York Mellon, Interactive, Securities and Exchange Commission, Thomson Locations: Washington, United States, U.S

☆ The 'disconnect' within TV industry made strike negotiations difficult
▼ + stars: | 2023-07-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Disconnect' within TV production making strike negotiations difficult: Former Netflix executiveSPG Global’s Simon Gallagher says the money flowing from streaming companies like Netflix to production companies isn't making it to second tier actors and writers in Hollywood.

Persons: Simon Gallagher Organizations: Netflix Locations: Hollywood

☆ Buybuy Baby stores to close amid Bed Bath & Beyond's ongoing bankruptcy liquidation
▼ + stars: | 2023-07-12 | by ( Samantha Delouya | ) edition.cnn.com time to read: +1 min

CNN —Buybuy Baby will close all of its stores as part of its parent company Bed Bath & Beyond’s ongoing bankruptcy liquidation. The deal did not include the chain’s 120 physical retail stores. Bed Bath & Beyond’s brand name, domain and loyalty program assets were purchased by Overstock.com for $21 million last month after filing for bankruptcy in April. The acquisition also did not include Bed Bath & Beyond’s brick-and-mortar stores, which have closed. In a March 2022 letter, former Bed Bath & Beyond activist investor Ryan Cohen said he believed Buybuy Baby was “much more valuable than the Company’s entire market capitalization today.”

Persons: Janie, Jack, Ryan Cohen, ” Organizations: CNN, Bed, CNBC, Sixth Street Partners, Go, Overstock.com, Beyond, & $ Locations: New Jersey, Bath

☆ Mission Impossible: Paramount reckoning
▼ + stars: | 2023-07-05 | by ( Jennifer Saba | ) www.reuters.com time to read: +8 min

NEW YORK, July 5 (Reuters Breakingviews) - Paramount Global’s (PARA.O) predicament is worthy of its successful “Mission: Impossible” franchise. Over the past year or so, Warren Buffett’s Berkshire Hathaway (BRKa.N) has bought and increased its stake in Paramount to about 15%. Without the funding, her closely held firm might have needed to pledge more of its Paramount stock against a loan. Streaming service Paramount+ is similar to Netflix, whose enterprise is worth 5 times next year’s estimated revenue. “Mission: Impossible Dead Reckoning Part One,” from Paramount Pictures, opens in movie theaters on July 12.

Persons: Shari Redstone, Looney, Walt Disney, Sumner, Warren Buffett’s Berkshire Hathaway, Goldman Sachs, Byron Trott, Rudolph Valentino, Mae West, Marx, Trustbusters, Martin Davis, Sumner Redstone, Simon, Schuster, Walt, Jeffrey Goldfarb, Sharon Lam, Streisand Neto Organizations: YORK, Reuters, Paramount, Warner Bros Discovery, AT, Netflix, Apple, Comcast, Electronic Arts, MSD Partners, Viacom, Audio Communications, CBS, Nickelodeon, MTV, Time Warner, Reuters Graphics Reuters, Tiffany Network, National Football League, Fox, Amazon, MGM, U.S, Penguin Random, Walt Disney, Amusements, Paramount Global, BDT Capital Partners, “, Paramount Pictures, Thomson Locations: U.S, Gulf, Western, NAI

☆ F-16s for Ukraine: Kyiv would face big hurdles in using US-made jets
▼ + stars: | 2023-05-22 | by ( Brad Lendon | ) edition.cnn.com time to read: +9 min

CNN —Ukraine’s quest for US-made F-16 fighter jets received a big boost over the weekend when US President Joe Biden gave his backing for Kyiv’s pilots to be trained to fly them. In fact, one active duty F-16 pilot told CNN that expectations may be way too high. An F-16 Fighting Falcon fighter aircraft has its landing gear extended to land at the US military airfield at Spangdahlem, Germany. This is a multi-year process, and that’s just for the basic tactical unit of employment,” the F-16 pilot said. “To bring in Western aircraft, Ukraine might need to repave and potentially extend a number of runways, a process which Russia would likely detect.

☆ Layoffs loom in the US manufacturing sector as backlogs shrink
▼ + stars: | 2023-04-24 | by ( Bryan Mena | ) edition.cnn.com time to read: +4 min

And surveys from the Institute for Supply Management show that the manufacturing sector has been contracting for several months, while fewer manufacturers report an increase in backlogs. “We’re only seeing a gradual pullback in hiring for manufacturing, even as new demand slows, because these backlogs are still helping sustain activity,” she said. Manufacturing saw job losses in February for the first time in 21 months, according to the Bureau of Labor Statistics. There were additional manufacturing job losses in the following month. However, while manufacturing layoffs are expected, they are likely to be limited.

☆ How the U.S. Clean Air Act lets closed coal plants keep polluting for years
▼ + stars: | 2023-04-22 | by ( Tim Mclaughlin | ) www.reuters.com time to read: +10 min

Under the federal program, states distribute a certain number of allowances to power plants annually. Reuters found dozens of other examples of coal plants using credits from closed facilities to help comply with pollution rules over the past five years. During the 2021 ozone season, New Madrid’s pollution was five times higher than average among coal plants participating in the NOx-reduction program, EPA data show. RED-STATE PROTESTSUtilities and lawmakers in Republican-controlled states have pushed hard against curbs on coal pollution, including the EPA’s latest NOx-reduction regulations. But even at that price, NOx allowances will find buyers among coal plants, including those that operate at high pollution rates.

☆ Crypto Brands Reposition Themselves in Wake of FTX and Market Tumble
▼ + stars: | 2023-02-07 | by ( Patrick Coffee | ) www.wsj.com time to read: +7 min

Roughly one year ago, a handful of crypto heavyweights made swaggering debuts on the Super Bowl ad roster, airing costly commercials with messages like “Don’t miss out” (FTX) and “Fortune favors the brave” (Crypto.com). Then came the swoon in crypto and the bankruptcy of FTX. Recently, trading firm OKX scuttled its plans to buy an ad in Super Bowl LVII when FTX began to dominate the news cycle. Coinbase aims to convey its confidence in crypto “while maintaining our position as the most trusted brand in the space,” Chief Marketing Officer Kate Rouch said. “I think that, especially after the FTX collapse, there has been a real need for that across the entire crypto space,” he said.

☆ A Chinese balloon over U.S. should concern us all, says Longview Global's Dewardric McNeal
▼ + stars: | 2023-02-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA Chinese balloon over U.S. should concern us all, says Longview Global's Dewardric McNealCowen’s Roman Schweizer and Longview Global’s Dewardric McNeal join 'The Exchange' to discuss defense stocks as U.S.-China tensions rise.

The target for Tiger Global’s latest venture fund is down from $6 billion last fall and early expectations of around $12.7 billion. Tiger Global Management is scaling back its plans for a large venture-capital fund, a reversal for the tech investor that epitomized the Silicon Valley startup mania. The New York-based manager told investors it is reducing the target size for its latest venture fund to $5 billion, down from a $6 billion target it set when it began fundraising last fall, according to people familiar with the matter. The $6 billion itself was well below Tiger’s early expectations that it would raise a roughly comparable fund to its last, which totaled $12.7 billion, some investors said.

☆ Gen Z loves the flip phone
▼ + stars: | 2023-01-15 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +8 min

Now, Gen-Z’s latest “vintage” obsession is the flip phone – that mid-1990s era phone that has suddenly become oh so popular with millennials. “I’m team flip phone revolution,” singer Camila Cabello tweeted Thursday, posing with a TCL flip phone, vintage. Maybe I can write the theme song guys 💪💪💪💪 pic.twitter.com/yOJgCdAgNq — camila (@Camila_Cabello) January 13, 2023“I found a little 90s, Matrix-y flip phone,” Cameron said. “At parties people will say, ‘oh my goodness, is that a flip phone?,’” Palazzolo said. And yes, new Nokia flip phones are still available – the Nokia 2760 Flip is sold at Walmart from prepaid brands such as Verizon for $19.99.

Organizations: & $

Follow @KatrinaHamlin on TwitterloadingCONTEXT NEWSHong Kong-listed Apollo Future Mobility said on Jan. 12 that it had agreed to buy Chinese electric-car maker WM Motor Global for HK$15.9 billion ($2.02 billion). To fund the acquisition of its larger peer, Apollo will issue 28.8 billion new shares at HK$0.55 each. Apollo shares fell 8.6% and were trading at HK$0.23 by market close on Jan. 12. WM Motor Global filed for a Hong Kong initial public offering in May 2022, but the application lapsed in November. WM Motor Global’s owner, WM Motor Holdings, is the largest shareholder in Apollo Future Mobility, and WM Motor founder Freeman Shen sits on the latter’s board as co-chair.

☆ This is the definition of a soft landing, says Apollo Global’s Torsten Slok
▼ + stars: | 2023-01-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis is the definition of a soft landing, says Apollo Global’s Torsten SlokTorsten Slok, Apollo Global Management chief economist, joins ‘Closing Bell’ to discuss this morning's jobs report and comments from Atlanta Fed President Raphael Bostic that the data doesn’t change his outlook.

☆ Stocks buoyant while darker forecasts gather on the horizon
▼ + stars: | 2023-01-02 | by ( Nell Mackenzie | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.06%, just short of an index of global shares, which climbed 0.16%. The pan-European STOXX 600 index (.STOXX) climbed 0.6%, retracing little of the nearly 12% it lost in 2022, bludgeoned by central banks' aggressive monetary policy tightening. Elsewhere, the dollar edged almost 0.2% higher against a basket of major currencies, while the pound and euro fell 0.4% and 0.2% respectively. The benchmark 10-year yield climbed around 27 basis points (bps) last week and over 200 bps last year, ending 2022 around 3.88%. Germany's 10-year bond yield fell 8.4 bps to 2.47%, after hitting its highest since 2011 at 2.57% on Friday.

☆ Stocks edge higher as darker forecasts loom
▼ + stars: | 2023-01-02 | by ( Nell Mackenzie | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.04%, just short of an index of global shares, which climbed 0.21%. "Europe is taking the latest round of PMIs well enough, as the final readings help to confirm the view (hope?) DOLLAR STRUGGLING TO MAINTAIN STRENGTHElsewhere, the dollar edged almost 0.1% higher against a basket of major currencies, while the pound and euro fell 0.4% and 0.3% respectively. Germany's 10-year bond yield fell 13 bps to 2.43%, after hitting its highest since 2011 at 2.57% on Friday. Reporting by Nell Mackenzie Additional reporting Dhara Ranasinghe Editing by Mark Potter and Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Europe’s Economy, Likely Shrinking, Is Set to Avoid Worst-Case Scenario
▼ + stars: | 2022-12-16 | by ( Paul Hannon | ) www.wsj.com time to read: 1 min

Europe’s economy likely contracted at the end of 2022 but showed signs of resilience, suggesting the downturn could be milder than feared just a few months ago, business surveys released Friday showed. While S&P Global’s composite output index for the eurozone—which includes services and manufacturing activity—remained below the 50 mark in December, indicating a contraction, it rose by one point to 48.8 from November, pointing to a smaller fall in activity than expected earlier.

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