DIRS.INFO The most relevant business & tech news

If you choose to forgo life insurance, it might still make sense to include an unmarried partner in a will. Compare life insurance rates online with Ethos Life. If so, then you may need life insurance. Term life insurance is a better choice for most individuals since they don't need coverage for their entire lives. Get Life Insurance Quotes Compare the best life insurance companies with a quote from Ethos Life.

Persons: —, Justin Pritchard, doesn't, Pritchard, Jay Zigmont Organizations: Service, CFP, Childfree

Oklahoma and Kentucky are also taking steps to clarify their abortion bans, though in both states the attorneys general, not physicians, are the ones dictating the terms. Since the U.S. Supreme Court overturned the constitutional right to abortion in 2022, states have been free to enact their own restrictions. “It’s not going to deal with hard calls,” said Greer Donley, an associate professor at the University of Pittsburgh School of Law who is an expert on abortion law. As some states mull how to clarify — without weakening — their abortion bans, abortion rights advocates in several states continue to challenge the bans with lawsuits. Frustrated with the board's inaction, Amy and Steven Bresnen, a couple who are lawyers and lobbyists, filed a petition in January asking it to clarify what circumstances qualify as medical exceptions to the state's abortion ban.

Persons: —, Kristi Noem, ”, Kelsey Pritchard, wasn't, Taylor Rehfeldt, anesthetist, It's, “ It’s, Greer Donley, “, Sen, Erin Tobin, ” Tobin, women's, Jonathan Skrmetti, Donley, “ That’s, Katie Cox's, Greg Abbott, Amy, Steven Bresnen Organizations: —, Republican, Dakota Legislature, Republican Gov, SBA Pro, U.S, Supreme, State Republican Rep, GOP, University of Pittsburgh School of Law, ” South, ” South Dakota Republican, Texas, Tennessee, Lone Star, Texas Medical Board, Texas Medical Locations: Tenn, U.S, “ South Dakota, South Dakota, Kelsey Pritchard . Oklahoma, Kentucky, Oklahoma, ”, ” South Dakota, mull, Tennessee, ” In Texas, Texas

☆ How 'Griselda' star Sofía Vergara transformed into a Colombian drug lord with facial prosthetics, fake eyebrows, and really flat hair
▼ + stars: | 2024-01-28 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +5 min

Sofía Vergara stars in "Griselda," a Netflix series about the Colombian drug lord Griselda Blanco. For the role, Vergara underwent a physical transformation that included a prosthetic nose. But in "Griselda," which was released on Netflix on Thursday, Vergara transformed into the Colombian drug lord Griselda Blanco. Here's how Vergara transformed into the real-life cocaine queen with the help of make-up, prosthetics, and really, really flat hair. AdvertisementSofia Vergara's hairstylist said they intentionally made her hair look flat for the role, ignoring the big blowout '70s look.

Persons: Sofía Vergara, Griselda, Griselda Blanco, Vergara, —, Gloria Delgado, Pritchett, Eric Newman, Newman, Andrés Baiz, Baiz, hadn't, June Hawkins, Juliana Aidén Martinez, Here's, Ed O'Neill, Jay Pritchard, Sofia Vergara, Elizabeth Morris, Gloria Pritchett, Todd McIntosh, McIntosh, Netflix McIntosh, Angela Nogaro, Hairstylist Kelly Kline, Dennis Parker, Kline, Sofia Vergara's hairstylist, Ingrid Escajeda Organizations: Netflix, Service, New York Times, Times, Florida city's, Business Locations: Colombian, Miami, Florida

MIAMI (AP) — Khris Middleton had a thought pop into his head immediately after Milwaukee topped Miami to finish group play in the NBA’s In-Season Tournament with an unbeaten record. Boston outscored the teams in its group by 27 points, compared with a plus-22 differential for Orlando and plus-20 for Brooklyn. That meant the Celtics won East Group C.“You just know what the reason is,” Nets forward Mikal Bridges said. The West race didn't end up with quite as much drama as the East had with the down-to-the-wire differential chasing. The teams that lose in the quarterfinals will play a to-be-added regular-season game against each other, East vs. East and West vs. West.

Persons: — Khris Middleton, “ We’re, ”, Middleton didn't, he'd, it'll, “, ” Middleton, It'd, Bridges, “ It’s, Chicago's Andre Drummond, Billy Donovan didn't, Boston's Payton Pritchard, ’ ”, Joe Mazzulla, Donovan, Josh Hart, Kyle Lowry, ” Lowry Organizations: MIAMI, Milwaukee, Eastern Conference, New York, Indiana, Boston, Western Conference, Los Angeles Lakers, Phoenix, Sacramento, Golden State, NBA, Lakers, Orlando, Brooklyn, Celtics, East Group, ” Nets, Chicago, Nets, Magic, Bulls, ’ ” Celtics, ”, East, Cavaliers, Knicks, Suns, Timberwolves, State, West, Warriors, Golden Locations: Miami, Vegas, Milwaukee, New, New Orleans, Las Vegas, Milwaukee , Indiana, Boston , New York, Cleveland, Orlando, Brooklyn, Boston, York, New Jersey, Minnesota

☆ UK investment advisers face capital hike to cover compensation costs
▼ + stars: | 2023-11-29 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

Signage is seen for the FCA (Financial Conduct Authority), the UK's financial regulatory body, at their head offices in London, Britain March 10, 2022. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Nov 29 (Reuters) - Investment advisers in Britain should hold extra capital to cover compensation costs, regulators proposed on Wednesday, in a bid to put a lid on the rising bill for bad advice. It is important that the polluter pays," Sarah Pritchard, the FCA's executive director of markets and international, said in a statement. Advisers already have to set aside a minimum of 20,000 pounds in capital to operate. PIMFA, a trade body for financial advisers, said it welcomed a "polluter pays" model, but urged a proportionate approach to avoid barring new entrants.

Persons: Toby Melville, Sarah Pritchard, Yadarisa, Dhanya Ann Thoppil, Christina Fincher Organizations: FCA, Financial, Authority, REUTERS, Investment, steelworkers, Thomson Locations: London, Britain, Bengaluru

☆ I'm a third-generation Californian who moved to Texas for a fresh start: 'I couldn't afford to live there anymore'
▼ + stars: | 2023-11-29 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

Eric Hartnett, 57, moved to Prosper, Texas, after living in California his entire life. AdvertisementThis as-told-to essay is based on a conversation with California native Eric Hartnett, a photographer and bar owner, who moved to Prosper, Texas, in 2018. AdvertisementBefore buying a home, I flew out to Texas three times, so I was kind of familiar with the North Dallas area. My friend, who was a realtor, had also been looking in the North Dallas area. Hartnett has lived in Prosper, Texas, for the past five years.

Persons: Eric Hartnett, Hartnett, —, Neal Pritchard, Prosper, Rent, it's, I've, Prosper . Hartnett Organizations: Service, Southern California —, Southern California — Los Angeles —, McKinney, BMW Locations: Prosper , Texas, California, Texas, Southern California, Southern California — Los Angeles, Los Angeles , California, Sonoma County, Dallas, Austin, Frisco, McKinney, North Dallas, Prosper, Sonoma, Northern California, Mexico, Dallas , Texas, Celina

Eleven-year-old Eric Darnell Pritchard was a solitary kid. They preferred reading romance novels to playing sports, and watching soap operas to hanging out with the neighborhood kids. Although they were obsessed with love, they felt too different to find a romantic connection of their own. Then, a cute boy moved in across the street. But when Eric told the wrong person about their new boyfriend, things quickly spun out of control.

Persons: Eric Darnell Pritchard, Eric

☆ NBA roundup: Hornets work OT to snap Celtics' streak
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +5 min

Ex-Celtic Gordon Hayward had 20 points. Boston's Payton Pritchard added 21 points. Kentavious Caldwell-Pope supplied 20 points for the Nuggets, who snapped a four-game road losing streak. Williamson scored 18 points in the second quarter to help the Pelicans take a 13-point halftime lead, and Ingram scored 18 third-quarter points as the lead expanded to 31 at the end of the period. Karl-Anthony Towns added 20 points for Minnesota, which won for the ninth time in its past 10 games.

Persons: Charlotte ,, Miles Bridges, Sam Sharpe, Charlotte, LaMelo Ball, Celtic Gordon Hayward, Bridges, Jayson Tatum, Boston's Payton Pritchard, Reggie Jackson, Nikola Jokic, Michael Malone, Jokic, Kentavious Caldwell, Pope, Cade Cunningham, Marvin Bagley III, Giannis Antetokounmpo, Antetokounmpo, Damian Lillard, Khris Middleton, Jordan Poole, Kyle Kuzma, dishing, Bam Adebayo, Duncan Robinson, Robinson, Jaime Jaquez Jr, Jimmy Butler, Coby, Nikola Vucevic, Brandon Ingram, Zion Williamson, Williamson, Ingram, Harrison Barnes, De'Aaron Fox, Sabonis, Anthony Edwards, Karl, Anthony Towns, Rudy Gobert, Jalen Brunson, Julius Randle, Immanuel Quickley, Mitchell Robinson, Paul George, Kawhi Leonard, Norman Powell, Daniel Theis, Harden, Russell Westbrook, Keldon Johnson, Cedi Osman, phenom Victor Wembanyama, Stephen Curry, Klay Thompson, Alperen Sengun, Fred VanVleet, Jabari Smith Organizations: Charlotte Hornets, Boston Celtics, Spectrum Center, USA, Hornets ., Celtic, Celtics, Nuggets, Pistons, Denver, Detroit, Bucks, Wizards, Washington, Bulls, Chicago, Pelicans, Timberwolves, Knicks, Minnesota, New, Clippers, Spurs, San Antonio, Warriors, Rockets, Golden State, Houston, Thomson Locations: Charlotte, Charlotte , North Carolina, USA, Milwaukee, Miami, New Orleans, Minnesota, New York, Minneapolis, Los Angeles, Antonio, Golden, San Francisco, California

☆ China keeps lending benchmark rates unchanged, as expected
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +3 min

Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. The one-year loan prime rate (LPR) was kept at 3.45% and the five-year LPR was unchanged at 4.20%. Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages. The steady fixings came after the central bank kept its medium-term interbank liquidity rate unchanged last week. The LPR, which banks normally charge their best clients, is set by 18 designated commercial banks who submit proposed rates to the central bank every month.

Persons: Tingshu Wang, Julian Evans, Pritchard, Winni Zhou, Tom Westbrook, Sam Holmes Organizations: People's Bank of China, REUTERS, Rights, Capital Economics, Thomson Locations: Beijing, China, Rights SHANGHAI, SINGAPORE, United States, outflows

The fallout has extended to Washington, where Republicans are hunting for evidence that could be used to impeach President Joe Biden. Republicans have highlighted a $200,000 personal check from Jim to Joe Biden on the same day — March 1, 2018 — that Jim Biden received an equal amount from Americore. Concerns that Jim Biden’s business ventures and missteps would cloud Joe Biden’s political career stretch back decades. Court records show the matter was dropped, and Jim Biden's representatives said the bill was paid. But he’s also angry at Jim Biden's brother.

Persons: ELLWOOD, Jim Biden, Joe Biden, Jim Biden wasn’t, Americore, It’s, Joe Biden’s, Hunter, Biden, Jim, ”, Paul Fishman, “, Ian Sams, Republicans won’t, ” Jim Biden, James Comer, he’s, ” Comer, Jim Biden's, Sara, Joe, Jill, Jim Biden’s, Barack Obama’s, Narendra Modi, Valerie, Frank, Beau, Beau Biden, ” Hunter, Uncle Jim, Hollywood Roosevelt, ‘, Let’s, ’ ”, Hurricane Irma, Tom Pritchard, Pritchard, ” Pritchard, Obama, Jim Biden “, ” Fishman, Michael Lewitt, Lewitt, Fishman, Biden’s, Grant White, ” White, Donald Trump, Scott Paglia, Paglia, ___ Suderman, Rhonda Shafner Organizations: ELLWOOD CITY, Health, House Republicans, Republicans, ., Democrats, Americore, Rep, Kentucky Republican, franchise, Senate, Delaware News, Oval, White, Indian, University of Delaware, Internal Revenue Service, CEFC China Energy . Records, American Express, U.S . Department of Veteran Affairs, Platinum Global Partners, Securities and Exchange Commission, Wall, Democratic, Associated Press Locations: Pa, Florida, Ellwood City, Pennsylvania, Washington, “, China, Philadelphia, Delaware, Mississippi, California, Los Angeles, Qatar, Saudi Arabia, South Florida, Delray Beach , Florida, Richmond , Virginia, New York

COLUMBUS, Ohio (AP) — Abortion access is expected to play a central role in the 2024 elections. The preview comes next week, when Ohio voters decide whether to enshrine reproductive rights in their state Constitution. They question whether state lawmakers could pass any abortion restrictions at all that would pass constitutional muster if voters approve the amendment. AP VoteCast polling last year found that 59% of Ohio voters say abortion should generally be legal. “Ohio voters really know what's at stake here, because they've seen the incredible lengths that the Ohio government will go to to interfere in people's lives,” McGuire said.

Persons: Timmaraju, ”, Wade, Kelsey Pritchard, “, Frank LaRose, Dave Yost, Mike DeWine, DeWine, enshrine Roe, Carolyn Ehrlich, Christian Virtue, Megan Wold, Peter Range, Kimberly Inez McGuire, Ohio's, Roe, McGuire, they've, ” McGuire, ” ___ Fernando Organizations: Ohio, U.S, Supreme, SBA, Republican, GOP, Republicans, Ohio Senate, Ohio Catholic Conference, Protect, First Congregational Church, ACLU, Center, Christian, Christian Virtue and, Protect Women, AP, Life, Ohio Statehouse, Ohioans United, Reproductive, Ohio Association of Election, “, Associated Press Locations: COLUMBUS , Ohio, Ohio, Arizona , Nevada, Pennsylvania, — California , Kansas , Kentucky, Michigan, Montana, Vermont, lockstep, Protect Women Ohio, Columbus, The Ohio, Christian Virtue and Ohio, U.S, Republican Kansas, “ Ohio, Chicago

☆ Kristaps Porzingis blitzes former team as Celtics top Knicks
▼ + stars: | 2023-10-26 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/57] Oct 25, 2023; New York, New York, USA; Boston Celtics guard Jaylen Brown (7) warms up prior to the game against the New York Knicks at Madison Square Garden. His perfect performance from the foul line highlighted a fourth quarter in which the Celtics made 14 of 15 free throws. Porzingis' 30 points are the most ever by a Celtics player in his first game for the team. 11 rebounds) had a double-double while Jalen Brunson scored 15 points but shot just 6-for-21 from the field. The Knicks missed their next six shots from the field, a span in which Porzingis scored nine unanswered points.

Persons: Jaylen Brown, Wendell Cruz, Kristaps Porzingis, Jayson Tatum, RJ Barrett, Immanuel Quickley, Julius Randle, Jalen Brunson, Quentin Grimes, Barrett, Josh Hart's, Jrue, Porzingis, Isaiah Hartenstein, Payton Pritchard, Brunson, Tatum Organizations: Boston Celtics, New York Knicks, Madison, Boston, Celtics, Knicks, Washington Wizards, ., Thomson Locations: New York , New York, USA, . New York, York

“Partial-birth abortion” is a non-medical term for a procedure known as dilation and extraction, or D&X, which is already federally prohibited. “It would allow a partial-birth abortion,” Ohio Gov. “If the federal law prohibits a particular technique, then that’s going to prevail over a state law that might be inconsistent,” he said. DeWine was serving in the U.S. Senate when the Partial-Birth Abortion Ban Act was passed in 2003. “‘Partial-birth abortion’ is a made-up term that only serves to create confusion and stigmatize abortion later in pregnancy,” she said.

Persons: hasn't, ”, Mike DeWine, we’ve, —, Dan Kobil, Jonathan Entin, DeWine, George W, Bush, Dan Tierney, Kobil, it’s “, Dave Yost, “, he’s, Kelsey Pritchard, Susan B, Anthony Pro, Amy Natoce, ” Mae Winchester, “ ‘, ’, “ It’s, it’s, Martin Haskell, Haskell, Mike Gonidakis, ” Haskell, Kellie Copeland, ” Ohio hasn’t, Pritchard, Christine Fernando Organizations: Republicans, ”, ” Ohio Gov, Capital University, Constitution, Case Western State University, “, Supreme, U.S . Senate, U.S, Republican, The Ohio, America, Biden Administration, Protect Women, Ohio, Ohioans United, Reproductive Rights, Health Department, Associated Press Locations: COLUMBUS , Ohio, Ohio, U.S, ” Ohio, Columbus, U.S ., The, Protect Women Ohio, Cleveland, Chicago

☆ WhatsApp clampdown highlights video call compliance threat for finance firms
▼ + stars: | 2023-10-18 | by ( Sinead Cruise | ) www.reuters.com time to read: +7 min

Video calls are broadly considered proxies for face-to-face meetings and therefore are currently subject to little or no formal record-keeping obligations. At least two major global banks are now recording Zoom calls, said sources with knowledge of the matter, who declined to be named because the information is not public. One bank is recording Zoom calls undertaken by certain staff, including traders, while the other is recording all Zoom calls so content can be reviewed later if needed. FINRA declined to comment on how many firms were subject to the rule or whether the rule also extended to video calls. Video calls pose "unique risks" and technology needed to efficiently screen video calls is not widely used, said Matt Smith, CEO of communications surveillance firm SteelEye.

Persons: Dado Ruvic, Brad Levy, Morgan, Goldman Sachs, Matthew Nunan, Gibson, Dunn, Morgan Stanley, Sarah Pritchard, Claire Garrett, Michael Watling, Seward, FINRA, Matt Smith, Ryan, Yonk, Symphony's Levy, Chris Prentice, Michelle Price, Huw Jones, Sharon Singleton Organizations: REUTERS, U.S . Securities, Exchange Commission, SEC, Finance, Reuters, U.S, EMEA, Microsoft, Britain's, Authority, HSBC, Bloomberg, U.S . Financial Industry Regulatory Authority, Employees, American Institute for Economic Research, Washington D.C, Thomson Locations: Marsh, U.S, New York, Washington, London

"There's increasing evidence that the cyclical upturn in the global electronics sector is driving a bottoming-out of global trade and China's trade data is the latest sign," said Xu Tianchen, senior economist at the Economist Intelligence Unit. Reuters GraphicsSouth Korean exports to China, a leading indicator of China's imports, fell at their slowest pace in 11 months in September. Semiconductors make up the bulk of their trade, signalling improving appetite among Chinese manufacturers for components to re-export in finished goods. However, Lv Daliang, spokesperson of the General Administration of Customs, said at a press conference on Friday that China's trade still faces a complex and severe external environment. Overall, though, total merchandise imports fell at a slower pace, down 6.3%, reflecting a gradual recovery in domestic demand.

Persons: Smart, David Kirton, Xu Tianchen, it's, Julian Evans, Pritchard, Zou Lan, Premier Li Qiang, Li, Robert Carnell, Kevin Yao, Albee Zhang, Shri Navaratnam, Kim Coghill Organizations: Trade, REUTERS, Economist Intelligence Unit, Reuters Graphics South, Semiconductors, Administration of Customs, ASEAN, Federal Reserve, China Economics, Capital Economics, People's Bank of, Premier, Bloomberg, ING, Thomson Locations: Qianhai, Shenzhen, Guangdong, China, BEIJING, United States, Europe, Stocks, People's Bank of China, Beijing, Asia, Pacific

☆ Britain grapples for agreement over listing rules overhaul
▼ + stars: | 2023-09-25 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

Signage for the Financial Conduct Authority (FCA), Britain's financial regulatory body, is seen at its head office in London, Britain, March 10, 2022. The decision by UK chip designer Arm Holdings to list in the United States triggered calls in Britain to make London more attractive as a listings destination by easing the rules. The Financial Conduct Authority (FCA) has proposed combining its "premium" and "standard" listing categories, and ease other listing requirements such a requirement for a detailed financial track record, prompting sharp criticism from shareholder groups. The new rules would be confirmed before the end of this year, which the FCA would seek to implement speedily, Pritchard said. Julia Hoggett, CEO of London Stock Exchange, said London was already an attractive listings venue, and "narratives" that keep it down needed challenging.

Persons: Toby Melville, Sarah Pritchard, Pritchard, Julia Hoggett, Hoggett, Huw Jones, Alex Richardson Organizations: Financial, Authority, REUTERS, Arm Holdings, Financial Conduct Authority, London Stock Exchange, Thomson Locations: London, Britain, New York, United, United States

☆ China's central bank set to boost liquidity but keep policy rate steady
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, Sept 14 (Reuters) - China's central bank is expected to boost liquidity while keeping the borrowing cost steady when rolling over its medium-term policy loans on Friday, a Reuters survey showed, after a string of data showed some signs of economic stabilisation. China has already lowered the medium-term policy rate twice since June to stimulate credit demand and support a faltering economic recovery. New bank lending in China beat expectations by nearly quadrupling in August from July's level, as the central bank sought to shore up economic growth amid soft demand at home and abroad. To revive broad credit demand and rescue the troubled property sector, China unexpectedly cut the MLF rate last month. For this reason alone, it seems unlikely that the PBOC will embrace large-scale rate cuts."

Persons: Frances Cheung, Julian Evans, Pritchard, Shri Navaratnam Organizations: People's Bank of China, OCBC Bank, U.S, Capital Economics, Shanghai, Thomson Locations: SHANGHAI, China, United States, OCBC Bank .

☆ China 2023 GDP growth forecast cut to 5.0%, 4.5% in 2024 - Reuters poll
▼ + stars: | 2023-09-12 | by ( Vivek Mishra | ) www.reuters.com time to read: +4 min

"The primary culprit is the property sector. This source of growth has now evaporated and won't be coming back," said Julian Evans-Pritchard, head of China economics at Capital Economics in Singapore. The Sept. 4-11 Reuters poll of 76 analysts, based in and outside mainland China, predicted the economy would grow 5.0% this year, lower than 5.5% forecast in a July survey. While recent data showed signs of improvement in the economy, some economists said more policy support was needed for the ailing property sector. A strong majority of economists who answered an additional question said the risks to their 2023 and 2024 GDP growth forecasts were skewed to the downside.

Persons: Julian Evans, Pritchard, Bingnan Ye, Teeuwe Mevissen, Vivek Mishra, Devayani, Anant Chandak, Veronica Khongwir, Jing Wang, Kevin Yao, Ross Finley, Sam Holmes Organizations: Capital Economics, China Merchants Bank, People's Bank of, Rabobank, Thomson Locations: BENGALURU, China, Singapore, Beijing, Hong Kong, People's Bank of China, Netherlands, Bengaluru, Shanghai

☆ ‘Some Unfinished Chaos’ Review: Looking for Mr. Fitzgerald
▼ + stars: | 2023-09-08 | by ( William H. Pritchard | ) www.wsj.com time to read: +1 min

Reception room at the Ritz-Carlton Hotel in New York City, ca. Photo: Museum of the City of New York/Bridgeman ImagesIn one of his epigraphs to this compact book on F. Scott Fitzgerald, Arthur Krystal invokes Lytton Strachey’s advice to the successful biographer: Instead of the “direct method of a scrupulous narration,” the biographer must “attack his subject in unexpected places; he will fall upon the flank or the rear; he will shoot a sudden, revealing searchlight into obscure recesses, hitherto undivined.” The evocation of Strachey in connection with Fitzgerald is surprising since they seem an unlikely pair, but Mr. Krystal quotes him in order to distinguish “Some Unfinished Chaos: The Lives of F. Scott Fitzgerald” from the always-growing list of Fitzgerald biographies that began in 1951, with Arthur Mizener’s “The Far Side of Paradise.” In choosing the plural “Lives,” Mr. Krystal wants to open up his subject to multiple interpretations rather than opting for the “direct method” of settling on the singular explanatory one. His other epigraph is from Fitzgerald himself: “There never was a good biography of a good novelist. There couldn’t be. He’s too many people if he’s any good.”

Persons: Scott Fitzgerald, Arthur Krystal, Lytton, Strachey, Fitzgerald, Krystal, Scott Fitzgerald ”, Arthur Mizener’s “, ” Mr, couldn’t, ” Organizations: Ritz, Carlton Locations: New York City, City of New York

HONG KONG (AP) — China's exports and imports both fell in August from a year earlier, reflecting tepid global demand that is adding to pressures on its slowing economy. Customs data released Thursday showed exports for August slumped 8.8% to $284.87 billion in the fourth straight month of decline. The total trade surplus fell to $68.36 billion from $80.6 billion in July. China’s imports from Russia, mostly oil and gas, increased 13.3% from a year earlier to $11.52 billion. Exports to the European Union tumbled 10.5% from the same time last year to $41.3 billion, while imports of European goods declined 2.5% to $24.56 billion.

Persons: ” Julian Evans, Pritchard, ”, August's Organizations: —, Federal Reserve, Capital Economics, Kremlin, European Union Locations: HONG KONG, Europe, Asia, U.S, Russia, Ukraine

☆ Analysis: With central banks' job half done, global inflation talk is shifting
▼ + stars: | 2023-08-23 | by ( Balazs Koranyi | ) www.reuters.com time to read: +6 min

"It may just be lucky that a global demand slump or non-policy related domestic forces are driving inflation lower." This disconnect led the German central bank to issue a warning to peers this week that a tough task may still lie ahead for policymakers. "The impression took hold that inflation rates will nonetheless persist for longer above the rates targeted by central banks," the Bundesbank said. Indeed, longer-term inflation expectations for the U.S. and the euro zone remain above the banks' 2% targets. But even in the best case, weaker growth will reduce demand for imports and complicate the global outlook.

Persons: JACKSON, Steve Englander, Piet Haines Christiansen, Philip Lane, Lane, Niels Graham, Julian Evans, Pritchard, Balazs Koranyi, Dan Burns, Toby Chopra Organizations: Standard Chartered, The Bank of England, ECB, Reserve Bank of Australia, Reserve Bank of New, Danske Bank, U.S, People's Bank of, Atlantic Council, Capital Economic, Thomson Locations: , Wyoming, Jackson Hole , Wyoming, Britain, Australia, New Zealand, German, Europe, Reserve Bank of New Zealand, Jackson, People's Bank of China, China

☆ What's gone wrong with China's economy
▼ + stars: | 2023-08-21 | by ( Laura He | ) edition.cnn.com time to read: +8 min

It’s a far cry from global financial meltdown of 2008, when China launched the largest stimulus package in the world and was the first major economy to emerge from the crisis. It’s also a reversal from the early days of the pandemic, when China was the only major developed economy to dodge a recession. Property woesChina’s economy has been in doldrums since April, when momentum from a strong start to the year faded. While Evergrade is still undergoing a debt restructuring, troubles at Country Garden raised fresh concerns about the Chinese economy. Beijing has so far unveiled a steady incremental drip of measures to boost the economy, including interest rate cuts and other moves to help the property market and consumer businesses.

Persons: rekindling, Ying Tang, Morgan Stanley, Xi Jinping, It’s, what’s, Evergrande, Evergrade, ”, Julian Evans, Pritchard, Evans Organizations: Hong Kong CNN, UBS, Nomura, Barclays, Garden, Zhongrong Trust, CNN, Capital Economics, “, People’s Bank of China, National Health Commission, Moody’s Investors Service Locations: Hong Kong, China, Shanghai, It’s, doldrums, Beijing, United States, Europe

☆ China's central bank trims 1-year rate, but unexpectedly leaves 5-year rate unchanged
▼ + stars: | 2023-08-21 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

China's central bank cut its one-year loan prime rate Monday, while leaving its five-year rate unchanged. This was the second time China has cut this rate in three months. The PBOC left its five-year loan prime rate — the peg for most mortgages — unchanged at 4.2%, while economists expected a 15 basis point cut due to default risks from festering liquidity woes in the country's property sector. Country Garden is on the verge of default, while Evergrande filed last week for bankruptcy protection in a Manhattan court. "Hopes for a stimulus-led turnaround in economic activity largely depend on the prospect of greater fiscal support," he added.

Persons: Evergrande, China Julian Evans, Pritchard Organizations: People's Bank of China, Index, China Enterprises, CSI Locations: China, Manhattan, Hong Kong

☆ Goldman Sachs: Is David Solomon on his way out? The CEO whisperer weighs in
▼ + stars: | 2023-08-21 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —David Solomon, CEO and president of Goldman Sachs, is getting bad press — a lot of bad press. And while shares of Goldman Sachs (GS) may be down by more than 5% this year, they’re still up by about 40% since he took over in 2018. Goldman Sachs did not respond to requests for comment for this article. Before the Bell: What is going on at Goldman Sachs? There have been articles purporting that former Goldman CEO Lloyd Blankfein isn’t happy with the job David Solomon has done and that he has offered to step in to help.

Persons: David Solomon, Goldman Sachs, Marcus, Solomon, they’re, Bell, Jeffrey Sonnenfeld, Lloyd Blankfein isn’t, that’s, Lloyd, he’s, That’s, David, ‘, Juliana Liu, Michelle Toh, ” Julian Evans, Pritchard, Zichun Huang, Hang, Lehman, Hillary, Eva Rothenberg, Harry Reid, Hilary Organizations: CNN Business, Bell, New York CNN, Financial Times, Yale School of Management’s, Leadership Institute, Nokia, BlackBerry, Microsoft, Goldman, People’s Bank of China, Reuters, Capital Economics, Hang Seng, The Bank of Korea, Bank Indonesia, country’s National Bureau of Statistics, Harry, Harry Reid International, San Diego International Locations: New York, Lloyd, China, Hong Kong, Shanghai, Asia, Las Vegas, California, Nevada, Southern California, Idaho

Nomura analysts were equally downbeat on China's economic outlook. Most economists see downside risk to Chinese growth but they don't expect a recession. It was the slowest growth since December 2022, and shows just how much of a challenge authorities face as they try to make consumption the key driver of future economic growth. MORE STIMULUSAsian stocks stalled at one-month lows, the yuan hit a 9-month nadir while the dollar held broadly firm after the weak Chinese data and latest policy easing measures. But we do need to lower our expectations for China's growth."

Persons: Julian Evans, Pritchard, Nomura, Nie Wen, Robert Carnell, Liangping Gao, Albee Zhang, Shri Navaratnam Organizations: National Bureau of Statistics, Capital Economics, Retail, Hwabao Trust, Investment, Reuters, ING, NBS, Nomura, Thomson Locations: BEIJING, Beijing, China, Asia, Pacific

Search resuls for: "Pritchard"

25 mentions found