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The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. Companies accounting for 40% of Chinese home sales - mostly private property developers - have defaulted on debt obligations since a liquidity crisis hit the sector in 2021, leaving many homes unfinished. The developer had been working towards announcing a restructure of its offshore debt, Chinese media reported on Monday. Country Garden faces another big test next week when its entire offshore debt could be deemed in default if it fails to pay a $15 million September coupon by Oct. 17. "The difficult situation shows that Chinese developers face severe liquidity pressure from weak home sales, and repayment to bondholders is still a lower priority," said Gary Ng, senior economist at Natixis Corporate and Investment Bank.

Persons: Aly, Houlihan Lokey, Sidley Austin, Morningstar, Jeff Zhang, Sandra Chow, CreditSight's, Gary Ng, Scott Murdoch, Xie Yu, Rishav Chatterjee, Rashmi Aich, Lincoln, Jamie Freed 私 Organizations: Shanghai Country Garden, REUTERS, Garden Holdings, HK, Hong Kong Stock Exchange, China International Capital Corporation, Asia, Natixis Corporate, Investment Bank Locations: Shanghai, China, HONG KONG, Hong Kong, Sydney, Bengaluru

A sign hangs on a gate of a building at Harvard University in Cambridge, Massachusetts, U.S., July 6, 2023. REUTERS/Brian Snyder Acquire Licensing RightsOct 9 (Reuters) - Prominent Harvard University alumni on Monday denounced a pro-Palestinian statement from students that blamed Israel for violence engulfing the region and urged the university to take action against the signatories. A coalition of 34 Harvard students organizations said they "hold the Israeli regime entirely responsible for all unfolding violence" following decades of occupation, adding that "the apartheid regime is the only one to blame." Harvard President Lawrence Summers, the former U.S. Treasury Secretary under Democratic President Bill Clinton and former university president, was one of several Harvard graduates to criticize the current Harvard leadership for failing to respond. Senator Ted Cruz, a Harvard Law School graduate, wrote on X: "What the hell is wrong with Harvard?"

Persons: Brian Snyder, Israel, Claudine Gay, Lawrence Summers, Bill Clinton, Summers, Elise Stefanik, Ted Cruz, Daniel Trotta, Jamie Freed 私 Organizations: Harvard University in, REUTERS, Harvard University, Monday, Harvard, Liberation, American Resistance Organization, Reuters, U.S . Treasury, Democratic, Republican U.S, Representative, Harvard Law School Locations: Harvard University in Cambridge , Massachusetts, U.S, Gaza, Israel, New York

"This quarter is all about higher interest rates for longer," said Mike Mayo, an analyst at Wells Fargo. "There is a constructive environment, and investment banking fees tend to be higher through the end of the year," said Jason Goldberg, a banking analyst at Barclays. Despite the renewed optimism, investment banking activity remains depressed. As rates rise, bond prices fall, representing losses on paper that would be realized if the banks sold the bonds. More broadly, "we're back into this environment where investors think interest rates are going to remain higher for longer," he said.

Persons: JP Morgan Chase, Mike Segar, JPMorgan Chase, Goldman Sachs, Morgan Stanley's, Mike Mayo, Ebrahim Poonawala, Jason Goldberg, Richard Ramsden, James Demmert, Ramsden, Tatiana Bautzer, Saeed Azhar, Lananh Nguyen, Nick Zieminski 私 Organizations: JP, Co, REUTERS, JPMorgan, Citigroup, Wells, Bank of America, Federal Reserve, Wall Street, SoftBank's Arm Holdings, Barclays, U.S, Treasury, Valley Bank, Federal Deposit Insurance Corporation, Reuters, Street Research Locations: New York, Wells Fargo, dealmaking, Israel, Bengaluru

TAIPEI, Oct 10 (Reuters) - Taiwan seeks "peaceful coexistence" with China with free and unrestricted interaction but the island will be democratic for generations to come, President Tsai Ing-wen said in her last national day speech on Tuesday. Speaking in front of the presidential office, Tsai said the strength of international support for Taiwan had reached an "unprecedented height". There was no immediate response from China's Taiwan Affairs Office. Beijing says Taiwan's government must accept that both China and Taiwan belong to "one China", which Tsai has refused to do. The Republic of China remains Taiwan's formal name, though the government tends to stylise it as the Republic of China, Taiwan, to distinguish it from the government in Beijing.

Persons: Tsai Ing, heightening, Tsai, Scott Morrison, China's, Mao Zedong's, Yimou Lee, Ben Blanchard, Shri Navaratnam Organizations: Taiwan, China's Taiwan Affairs Office Locations: TAIPEI, Taiwan, China, Beijing, Taiwan Strait, United States, Taipei, Asia, Republic of China, People's Republic of China, The Republic of China, Lincoln

☆ Origin Energy shares surge after regulator clears Brookfield's $9.8 bln bid
▼ + stars: | 2023-10-09 | by ( Scott Murdoch | トムソンロイター | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +4 min

Australian Super, the largest investor, raised its stake to 14% last month and called the shares undervalued. Perpetual, a major Australian fund manager and Origin shareholder, has pushed Brookfield and its partner, U.S. private equity firm EIG, to consider raising their offer to win Origin, according to local media reports. Origin shares jumped to A$9.19 in early trading, well above the A$8.91 per share price of the consortium bid lodged in March, on speculation a higher offer could be forthcoming. Under the consortium deal, Origin will be broken up into two businesses, with its energy markets arm including its electricity generation and electricity and gas retail businesses to be acquired by Brookfield. Brookfield would also be prohibited from selling more than 10% of either Origin or AusNet in the future to one party.

Persons: Dado Ruvic, Max Vickerson, I'm, Vickerson, Newmont, Gina Cass, Gottlieb, Brookfield, Scott Murdoch, Jamie Freed 私 Organizations: Brookfield, REUTERS, SYDNEY, Origin Energy, Brookfield Corp, Australian Competition, Consumer Commission, stockbroker Morgans, Perpetual, Newcrest Mining, Energy, ACCC, AusNet Services Locations: Australian, Brookfield, Australia, Victoria

WASHINGTON, Oct 9 (Reuters) - The U.S. military is "surging" fresh supplies of air defenses, munitions and other security assistance to Israel to help it respond to an unprecedented weekend attack by Hamas, a senior U.S. defense official said on Monday. "We are surging support to Israel... We remain in constant ongoing contact with our counterparts in Israel to determine and then support their most urgent requirements." The United States has not yet detailed the extent of Israel's requests for security assistance. But the U.S. defense official said Washington was contacting the defense industry to expedite pending Israeli orders, and looking at the U.S. military's own stockpiles to help fill Israeli gaps. The official also appeared to dismiss concerns that the United States might struggle to supply Israel at the same time that it funnels weaponry to Ukraine.

Persons: Washington, Benjamin Netanyahu, Joe Biden, Biden, Kanishka Singh, Phil Stewart, Leslie Adler, Rosalba O'Brien Organizations: U.S, Hamas, Islamic, Islamic State . U.S, White, Wall Street, Wall Locations: Israel, U.S, United States, Ukraine, Palestinian, Islamic State ., Iran, Washington

BERLIN, Oct 8 (Reuters) - Germany's opposition conservatives are expected to win another term in the Hesse and Bavaria state elections on Sunday, seen dealing a blow to Chancellor Olaf Scholz's center-left coalition and attesting to the rise of the far-right. So too has frustration with infighting in Scholz's heterogeneous three-way coalition of Social Democrats (SPD), the Greens and pro-business Free Democrats (FDP) mid-way through its term. "The coalition is suffering the mid-term blues and must reckon with losses," said Stefan Marschall, political scientist at the University of Duesseldorf. "The FDP in particular must reckon with falling out of both state parliaments which could bring greater tensions into the coalition. More striking is the fact the populist Free Voters (FW) party, which governs Bavaria in coalition with the CSU, has seen a bump in poll support of several percentage points to 15% since being swept up in an anti-semitic scandal.

Persons: Chancellor Olaf Scholz's, Stefan Marschall, Nancy Faeser, Sarah Marsh, Nick Macfie 私 Organizations: Social Democrats, Greens, Free Democrats, University of Duesseldorf, Christian Social Union, CSU, Christian Democrats, CDU, Free Voters, FW, SPD, ARD Locations: Hesse, Bavaria, Germany, Bavarian

[1/8] Asian Games - Hangzhou 2022 - Closing Ceremony - Hangzhou Olympic Sports Centre Stadium, Hangzhou, China - October 8, 2023 A view of the handover ceremony at the closing ceremony REUTERS/Marko Djurica Acquire Licensing RightsHANGZHOU, China, Oct 8 (Reuters) - China's eastern city of Hangzhou rounded off the 19th Asian Games on Sunday with a colourful and "joy"-themed closing ceremony after hosting the continental sporting extravaganza which organisers hailed as "one of the finest" ever. Taking place amid tight security the less-than two hour ceremony also included a handover to the hosts of the next Asian Games in 2026, the Japanese city Nagoya. The hosts' 201st gold left them two better than their previous best of 199 at the 2010 Guangzhou Asian Games. Organisers said 12,407 athletes from 45 nations competed in 40 sports at the Hangzhou Games, which were delayed for a year due to COVID-19. "We have hosted the most successful Asian Games in history" said Chen Weiqiang, Executive Secretary General of the Hangzhou Asian Games Organising Committee and vice-mayor of Hangzhou.

Persons: Marko Djurica, Li Qiang, jigged, Takashi Kawamura, Randhir Singh, Gu Shiau, Kazakhstan's Moldir, Chen Weiqiang, WADA, Martin Quin Pollard, Ian Ransom, Christian Schmollinger, Toby Chopra, Christian Radnedge Organizations: Hangzhou Olympic Sports Centre, Rights, Games, Nagoya, Mainichi, Olympic Council of Asia, energised, Bangkok Games, Hangzhou Games, Hangzhou Asian Games, Doping Agency, Olympic, Paralympic Games, Olympic Council of, OCA Locations: Hangzhou, China, Rights HANGZHOU, Nagoya, Nanjing, Aichi, Guangzhou, Jakarta, Japan, Macau, North, Korea, Olympic Council of Asia

"The backlash, like a boomerang, can be bigger than what one imagined," he said, referring to potential retaliation by China on European carmakers. While 90% of BMW cars sold in China are produced locally, some materials are shipped from Europe to China, Mertl said. China has condemned the EU investigation, which formally began on Thursday, as out of line with World Trade Organization rules and detrimental to the global growth of EV sales. Asked whether the premium carmaker was seeing dampened demand for EVs reported by Volkswagen (VOWG_p.DE) in recent weeks, Mertl said EV sales were rising and the company was on track to hit its goal of 15% fully-electric sales for the year. Some supply chain problems in logistics and transport persisted and could carry on for the next six months, he added.

Persons: Angelika Warmuth, Walter Mertl, Mertl, Victoria Waldersee, Christina Amann, Friederike Heine, Mark Potter Organizations: BMW, REUTERS, Rights, World Trade Organization, Volkswagen Locations: Munich, Germany, China, Europe, Beijing, European

Spot gold was up 0.6% at $1,831.09 per ounce by 1:41 p.m. EDT (1741 GMT) but on track for its second straight weekly loss, down 0.9% so far. Reuters GraphicsBenchmark Treasury yields headed for a weekly increase, denting the appeal of gold. The bounce in gold prices despite the strong jobs data indicates that selling pressure has been exhausted and there is covering of short positions, said Tai Wong, a New York-based independent metals trader. Spot silver gained 3.1% to $21.54 an ounce, platinum rose 2.6% to $876.73 and palladium firmed 1.8% to $1,161.72. All were on track for weekly losses.

Persons: サマリー, Tai Wong, Ole Hansen, Hansen, Ashitha Shivaprasad, Brijesh Patel, Rod Nickel, Kirsten Donovan 私たち Organizations: Graphics, U.S . Labor, Traders, Saxo Bank Locations: U.S, New York, Bengaluru

CEO Sam Altman has made the acquisition of more AI chips a top priority for the company. Meta's (META.O) custom chip effort has been beset with issues, leading the company to scrap some of its AI chips, according to a Reuters report. OpenAI's main backer, Microsoft (MSFT.O), is also developing a custom AI chip that OpenAI is testing, The Information has reported. Demand for specialized AI chips has soared since the launch of ChatGPT last year. Nvidia is one of the few chipmakers that produces useful AI chips and dominates the market.

Persons: Dado Ruvic, OpenAI, Sam Altman, Altman, Bernstein, Stacy Rasgon, Anna Tong, Stephen Nellis, Max A, Kenneth Li, Stephen Coates 私 Organizations: REUTERS, FRANCISCO, Reuters, Nvidia, Microsoft, Google, Amazon.com, Annapurna Labs, Devices Locations: WASHINGTON, San Francisco

Air France-KLM has tended to let airlines it invests in keep their operations and branding. With the process still in its infancy, Air France-KLM has a chance to make a pitch to TAP now off the back of SAS. LONG FIGHT AHEADThere are remaining challenges for Air France-KLM as it looks to clear regulatory hurdles with SAS, including approval from American and European policymakers. Europe's airline industry has a history of cultural and political barriers to smooth integration, even within Air France-KLM itself. Air France-KLM is a member of the rival SkyTeam alliance.

Persons: Paris Charles de, Charles Platiau, IAG, James Halstead, Jacob Gronholt, Pedersen, Tim Hepher, Matt Scuffham, Sharon Singleton 私 Organizations: Air France Boeing, Paris Charles, REUTERS, France, KLM, TAP, TAP Portugal, Lufthansa, LONDON, Air, Scandinavia's SAS, Ryanair, Wizz, Air France, IAG, Tuesday's SAS, SAS, Star Alliance, Reuters, Apollo Global Management, Union Locations: Paris, Paris Charles de Gaulle, Roissy, France, LISBON, Air France, Europe, Air, Danish, Swedish, Spanish, Portugal, Northern Europe, TAP's, Portuguese, U.S, Lisbon, Porto, Iberia, South America

[1/7] Healthcare workers strike in front of Kaiser Permanente Los Angeles Medical Center, as more than 75,000 Kaiser Permanente healthcare workers go on strike from October 4 to 7 across the United States, in Los Angeles, California, U.S. October 4, 2023. "After six months of bargaining with the Coalition of Kaiser Permanente Unions, including a marathon effort that went through last night and into today, our bargaining sessions unfortunately ended without a settlement," Kaiser said. They are represented by the SEIU United Healthcare Workers West. The Kaiser labor coalition, made up of eight unions representing medical professionals and support staff, insists the company needs to hire 10,000 new healthcare workers to fill current vacancies. Kaiser nationwide employs 68,000 nurses and 213,000 technicians, clerical workers, and administrative staff, alongside its 24,000 doctors.

Persons: Kaiser, Christina Andersen, Michael LeRoy, Ahmed Aboulenein, Bhanvi Satija, Bill Berkrot, Navaratnam 私 Organizations: Healthcare, Kaiser Permanente Los Angeles Medical Center, Permanente, REUTERS, Rights, Kaiser Permanente, Reuters, Coalition, Kaiser Permanente Unions, U.S . Bureau of Labor Statistics, District Columbia, Kaiser, Labor, Tenet Healthcare, SEIU United Healthcare Workers, SEIU, University of Illinois, D.C Locations: United States, Los Angeles , California, U.S, California , Oregon, Washington , Colorado, Virginia, Claremont , California, California, Los Angeles, Las Vegas, University of Illinois Urbana, Champaign, Washington, California , Colorado , Oregon

Overall, up to 300 employees may lose their positions in this round of layoffs across the bank, the sources added. Venkatakrishnan has been seeking to stabilize Barclays' investment banking franchise after a shakeup in the division's leadership in January led to an exodus of dozens of bankers. Barclays has also hired more than 30 investment bankers and promoted another 20 bankers in various positions since then. Barclays ranked 6th in LSEG's global investment banking league table for the first nine months of the year. Barclays warned in July that its profit margins were being squeezed by consumers repaying debt in the wake of high interest rates.

Persons: C.S, Venkatakrishnan, Morgan Stanley, Anirban Sen, Milana, Greg Roumeliotis, Nick Macfie 私 Organizations: Barclays Plc, Barclays, Goldman Sachs Group Inc Locations: San Francisco, New York

Crop Watch farmers in western Iowa, Kansas and southeastern Illinois reported fast harvest efforts last week. The Minnesota and eastern Iowa soybeans are in progress as of Monday, and the South Dakota soybeans could also be started on Monday. So far, the Crop Watch harvest is faster than a year ago but slightly slower than two years ago. The producer cites the longer-season variety of beans planted in the Crop Watch field that were able to take in late-season moisture. Crop Watch 2023 ProducersPhotos of the Crop Watch fields can be tracked on my X feed using handle @kannbwx.

Persons: pinto, Karen Braun, Marguerita Choy, 「 Organizations: . Crop Watch, Nebraska, Crop, Crop Watch, Reuters, 「 Reuters Locations: NAPERVILLE , Illinois, Iowa , Kansas, Illinois, Indiana, Nebraska, North, South Dakota , Ohio, Minnesota, Iowa, Kansas, South Dakota, North Dakota, Ohio, The, Kingsbury , South Dakota, Freeborn , Minnesota, Burt , Nebraska, Rice , Kansas, Audubon , Iowa, Cedar , Iowa, Warren , Illinois, Crawford , Illinois, Tippecanoe , Indiana, Fairfield , Ohio, The North Dakota, Griggs County, Stutsman County

"It's not going to be a matter of struggling to get the inflation rate higher. While higher interest rates are good news for savers, businesses and consumers have become used to paying nothing for money over the past 15 years. Reuters GraphicsREADING YIELDSA market-based Fed model that breaks down the 10-year Treasury yield into its components provides further insight into investors' thinking. This rise in term premium, which spent much of the last decade below zero, reflects high levels of uncertainty about economic outlook and monetary policy, investors said. While the market appears to be confident in its belief in the end of the era of zero interest rates, it is far less so about the economy's actual likely path.

Persons: Sarah Silbiger, Greg Whiteley, It's, Neel Kashkari, Kashkari, Adrian, Crump, Emanuel Moench, John Velis, Leslie Falconio, BNY's Velis, Velis, Paritosh Bansal, Anna Driver 私 Organizations: Eccles Federal Reserve, Washington , D.C, REUTERS, Treasury, Federal Reserve, York Fed, Minneapolis, Moench, Frankfurt School of Finance, Management, Americas, BNY Mellon, UBS Global Wealth Management, San, San Francisco Fed Locations: Washington ,, U.S, DoubleLine, San Francisco

Tesla vehicles are seen for sale at a Tesla facility in Fremont, California, U.S., May 23, 2023. Shares of the EV maker reversed course to rise marginally after dropping nearly 3% following the news of the delivery miss. Tesla has also been cutting prices aggressively to counter the effect of a slowing EV market, while fending off competition from upstarts and legacy players. Meanwhile, electric-pickup maker Rivian Automotive (RIVN.O) reported third-quarter deliveries above analysts' estimates and reaffirmed its annual production target of 52,000 vehicles. Deliveries of Tesla's premium vehicles, Model S and Model X, rose to about 16,000 units in the third quarter.

Persons: Carlos Barria, Tesla, Thomas Martin, Reuters Graphics Tesla, Ashwin Amberkar, Aditya Soni, Akash Sriram, Arun Koyyur, Anil D'Silva 私 Organizations: REUTERS, Ford, Globalt Investments, Reuters Graphics, Rivian, US, Canalys Research Locations: Fremont , California, U.S, China, United States, Bengaluru

Temasek said it does not comment on market speculation, while Mubadala declined to comment. The Singapore state investment firm's talks with Mubadala, which manages $276 billion globally, are at an early stage, said the first of the sources. And Mubadala is "bullish on India (and) wants to double down on investments," the source added. Temasek intends to retain its majority stake in Manipal by continuing to be the largest and majority shareholder with a stake of more than 50%, said the third source. India's private healthcare space, worth about $48 billion, is forecast by PwC to grow 12% to 14% a year.

Persons: サマリー, Mubadala, Temasek, Mukesh, Tata Power's, Khaled Abdulla Al Qubaisi, Sriram, Hadeel Al Sayegh, Aditya Kalra, Clarence Fernandez 私たち Organizations: Temasek, Manipal, fund's, Singapore's Temasek, Mubadala, Tata, Economic Times, Cleveland Clinic Locations: Manipal, Middle, MUMBAI, DUBAI, SINGAPORE, India's Manipal, Abu Dhabi, India, Temasek, Singapore, Bengaluru, Mubadala, Asia, U.S

Sept 29 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Investors will not be able to switch off completely over the weekend, however, with the fast-evolving Evergrande saga making for gripping reading. On top of that, China's manufacturing and service sector purchasing managers index reports for September - official and unofficial - will be released on Sunday. The MSCI World stock index's rise on Thursday was its first in 10 days, snapping its longest losing streak since November 2011. Would a partial recovery in risk appetite and reversal of many of these trades at the start of the fourth quarter be a complete surprise?

Persons: Jamie McGeever, Josie Kao 私, 「 Organizations: Investors, Treasury, International Monetary Fund, Japan Tokyo, 「 Reuters Locations: Asia, Japan, Tokyo, Hong Kong, eyeing, China, U.S, Australia

The American won the first of her five world all-around titles in 2013 at the age of 16 in Antwerp and has since become a household name after winning a record 25 worlds medals -- which includes a jaw-dropping 19 golds. At 26, she will become not only the oldest American woman to compete at the worlds in over half a century but also the first woman to represent the U.S. at six artistic world championships when it kicks off on Saturday. The U.S., Britain and Canada's women secured team quota spots last year while China, Japan and Britain secured men's quotas. While the U.S. men are yet to secure qualification, the women are overwhelming favourites for top spot but Biles will have competition for the individual all-round gold. The 2022 all-around champion Rebeca Andrade of Brazil, Olympic silver medallist in Tokyo, is a serious contender as is Biles's 21-year-old compatriot Shilese Jones, who took the silver at the worlds last year.

Persons: Simone Biles, Biles, Rebeca Andrade, Shilese Jones, Jones, Daiki Hashimoto, Zhang Boheng, Rohith Nair, Toby Davis Organizations: American, Tokyo, U.S, San, Paris Games, Paris Olympics, Japan's, Games Locations: Antwerp, U.S, San Jose, Stuttgart, Britain, China, Japan, Brazil, Tokyo, Bengaluru

Senator Tim Scott (R-SC) speaks as former South Carolina Governor Nikki Haley and North Dakota Governor Doug Burgum listen at the first Republican candidates' debate of the 2024 U.S. presidential campaign in Milwaukee, Wisconsin, U.S. August 23, 2023. Haley, U.N. ambassador in Trump's administration, said the curtains had been bought during the previous Obama administration, and told Scott to "do your homework." before the exchange devolved into cacophony with the two candidates, joined by Florida Governor Ron DeSantis, talking over one another. The New York Times in 2018 reported that $52,701 had been spent for "customized and mechanized curtains" for the residence. The article said plans to buy the curtains were made in 2016, before Trump took office.

Persons: Tim Scott, Nikki Haley, Doug Burgum, Brian Snyder, Donald Trump, Tim Scott of, Haley, U.N, Obama, Scott, Ron DeSantis, Trump, Chris Christie, Joe Biden, Jill Biden, Trump's, Mike Pence, Karen Pence, Alex Bruesewitz, DeSantis, Christie, Alexandra Ulmer, Ross Colvin, Howard Goller Organizations: South Carolina, North Dakota, Republican, REUTERS, White, United Nations, Florida, New York Times, New, Democratic, Trump Locations: Milwaukee , Wisconsin, U.S, Tim Scott of South Carolina, New York, cacophony, New Jersey

Senator Robert Menendez, Democrat of New Jersey,delivers remarks, after he and his wife Nadine Menendez were indicted on bribery offenses in connection with an alleged corrupt relationship with three New Jersey businessmen, in Union City, New Jersey, U.S., September 25, 2023. Senator Bob Menendez is set to appear in court on Wednesday to face charges of taking bribes from three New Jersey businessman, as calls for his resignation from his fellow Democrats escalated. Menendez, his wife Nadine Menendez, 56, and businessmen Jose Uribe, 56, and Fred Daibes, 66, are set to appear in Manhattan federal court around 10:30 a.m. EDT (1430 GMT). David Schertler, a lawyer for Nadine Menendez, said she intends to plead not guilty and "vigorously defend" against the allegations. Lawyers for Bob Menendez, Uribe and Daibes did not immediately respond to requests for comment.

Persons: Robert Menendez, Nadine Menendez, Mike Segar, Bob Menendez, Menendez, Jose Uribe, Fred Daibes, Wael Hana, David Schertler, Uribe, Daibes, Cory Booker, Phil Murphy, Hana, Luc Cohen, Andrew Goudsward, Scott Malone, Timothy Gardner 私 Organizations: Democrat, REUTERS, Senate Foreign Relations, Senate, U.S, Democratic Senators, Democratic New, Prosecutors Locations: New Jersey, Jersey, Union City , New Jersey, U.S, Manhattan, Democratic New Jersey, Washington

☆ Uruguay bask in short-lived glory
▼ + stars: | 2023-09-27 | by ( Nick Mulvenney | トムソンロイター | Leads Coverage Of Sport Across The Asia-Pacific. Still Reports On The Full Panoply Of Sport. Many Olympics World Cups World Championships Grand Slams Grands Prix | ) www.reuters.com time to read: +2 min

LYON, France, Sept 27 (Reuters) - Uruguay savoured their victory over Namibia on Wednesday all the more as they were well aware the opportunity to add another World Cup success might not come any time soon. Uruguay has only had three wins in the World Cup, the fourth win was really important. "Now we are going to enjoy the week and then play the best team in the world (New Zealand on Oct. 5). We don't know if we will have a chance to play in the World Cup again." Uruguay coach Esteban Meneses said his team had prepared to make history.

Persons: Andres Vilaseca, Vilaseca, Esteban Meneses, Julien Pretot, Ed Osmond 私 Organizations: Namibia, New Zealand, Italy, Super Rugby Americas, Uruguay's Penarol, Rugby Locations: LYON, France, Uruguay, Italy, Namibia, Zealand, South America

☆ H&M blames warm weather for September sales slide
▼ + stars: | 2023-09-27 | by ( Helen Reid | トムソンロイター | London-Based Reporter Covering The European Retail Sector Through A Global Lens. Focusing On Companies Including Adidas | ) www.reuters.com time to read: +3 min

H&M, whose biggest rival is Zara owner Inditex (ITX.MC), said September sales would be down 10% year-on-year measured in local currencies. That compares with Inditex reporting sales between Aug. 1 and Sept. 11 that were up 14%. Operating profit in the Swedish group's third quarter jumped to 4.74 billion crowns ($431 million) from a year-earlier 902 million. The year-ago figure included a one-off cost of 2.1 billion crowns for the group's exit from Russia, which also accounted for four percentage points of the 10% September sales decline. H&M announced a share buyback programme starting on Wednesday, planning to buy back up to 3 billion crowns of stock by March 31 next year.

Persons: サマリー, Inditex, Vera Diehl, Nicolas Champ, LSEG, Richard Chamberlain, Anna Ringstrom, Helen Reid, Jan Harvey, Mark Potter Organizations: Union Investment, Barclays, RBC, HK, Tmall Locations: STOCKHOLM, Zara, Swedish, Russia, JD.com, China's Xinjiang, Alibaba's

NEW YORK, Sept 26 (Reuters) - Shares of electric-vehicle startup Fisker Inc (FSR.N) rose by more than 20% on Tuesday after the company reaffirmed its plan to increase deliveries of its flagship Ocean sports utility vehicle, and a bullish Wall Street analyst report. The EV maker said it had built 5,000 Ocean SUVs and expects to ramp up deliveries to 300 units per day later this year, reiterating a plan announced earlier this month by Chief Executive Henrik Fisker. Fisker's shares rose as high as $6.47, and were on course for their biggest daily percentage gain since April. "The automotive industry is undergoing a once-in-a-century revolution with technology advancement on electrification, autonomy, and digitization," the analysts said. Unlike other EV makers, Fisker has outsourced its vehicle production to Canadian auto part supplier Magna International (MG.TO).

Persons: Henrik Fisker, John Babcock, Fisker, Chibuike Oguh, Lance Tupper, Deepa Babington 私たち Organizations: Ocean, Bank of America, Magna International Locations: California, U.S, Europe, New York

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