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METALS-London copper rebounds as Evergrande worries fade
  + stars: | 2021-09-22 | by ( Mai Nguyen | ) www.reuters.com   time to read: +2 min
(Updates prices, adds comments)Sept 22 (Reuters) - London copper prices advanced on Wednesday, driven by easing default fears around property giant China Evergrande after its main unit said it would to pay some bond interest due later this week. It’s possible that PBOC has some (more) liquidity injections planned that the market is expecting,” said a Singapore-based metals trader. The rout had also hit the demand outlook for construction metals including copper. FUNDAMENTALS* LME nickel rose 2% to $19,200 a tonne, zinc advanced 2.3% to $3,047.50 a tonne and tin increased 2% to $34,500 a tonne. * ShFE aluminium rose 1.9% to 23,055 yuan a tonne, lead fell 3% to 1422yuan a tonne while tin climbed 3.9% to 269,960 yuan a tonne.
Persons: , Lehman, Mai Nguyen, Devika Syamnath Organizations: London Metal Exchange, People’s Bank of, Shanghai Futures Exchange, Estate Group, Manufacturing Co Locations: London, China, People’s Bank of China, Singapore, China’s Henan, Hanoi
REUTERS/Jonathan BarrettLONDON, Sept 22 (Reuters) - More than 150 leading companies and organisations including oil majors and port authorities on Wednesday called for the global shipping industry to be fully decarbonised by 2050, urging governments to step up action warning time was limited. With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world's CO2 emissions and the sector is under growing pressure to get cleaner. UN shipping agency the International Maritime Organization (IMO), has said it aims to reduce overall greenhouse gas (GHG) emissions from ships by 50% from 2008 levels by 2050, but industry groups are calling for accelarated action from governments. "Policymakers have a historic opportunity to accelerate this process by introducing a global carbon levy on marine fuels, to drive decarbonisation and incentivise investment in zero emissions fuels and vessels," said Jeremy Weir, CEO of trading company Trafigura. (This story has been refiled to correct typographical error in headline)Our Standards: The Thomson Reuters Trust Principles.
Persons: Jonathan Barrett LONDON, Hugo De, Jeremy Weir, Moller, Hapag Lloyd Organizations: REUTERS, UN, International Maritime Organization, World Economic, Global Maritime Forum, Maersk, MSC, BP, Royal, Shell, BHP, Rio Tinto, Cargill, Bunge, Panama Canal Authority, Thomson Locations: Japan, Apia, Paris, Rio, Rotterdam, Antwerp, Panama
Summary Aims to ensure 50 bln stg capacity is carbon neutralBritain gearing up to host global climate talksFollows criticism of state-backed finance sectorLONDON, Sept 22 (Reuters) - Britain's export credit agency said it aims to achieve net zero carbon emissions across its investments by 2050 and increase its support for green exports. UK Export Finance's (UKEF) move follows a commitment in April to end support for fossil fuel projects overseas and ahead of Britain hosting global talks on climate change. read moreIt also follows criticism from campaigners that state-backed groups are not doing enough to overhaul their lending. UKEF has a capacity of 50 billion pounds to support exports through loans, insurance and guarantees, and said it would be carbon neutral on a net basis by mid-century, in line with the aims of the Paris Agreement on climate. Reporting by Simon Jessop; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.
Persons: UKEF, Louis Taylor, Simon Jessop, Alexander Smith Organizations: LONDON, Export, Reuters, Britain, Trade, Thomson Locations: Paris
Gold inches higher ahead of Fed policy decision
  + stars: | 2021-09-22 | by ( ) www.cnbc.com   time to read: +1 min
Canadian maple leafs sit on the faces of one ounce gold coins in London, the United Kingdom, on July 15, 2014. Gold prices edged up on Wednesday, ahead of the U.S. Federal Reserve's policy signals later in the day on reducing stimulus for the world's largest economy. Spot gold rose 0.2% to $1,777.68 per ounce by 0356 GMT, while U.S. gold futures were flat at $1,778.00. The U.S. central bank is also likely to provide an outlook on interest rate hikes from the current near zero level. An eventual interest rate hike would raise the opportunity cost of holding the non-interest bearing gold.
Persons: Ilya Spivak, Spivak, Stocks, China Evergrande, Silver Organizations: leafs, U.S, Fed, Holdings, SPDR, Trust Locations: London, United Kingdom, U.S . Federal, U.S, China
REUTERS/Denis BalibouseLONDON (Reuters) - INEOS said on Wednesday it will convert its vast Scottish petrochemicals plant and oil refinery at Grangemouth to run on hydrogen at a cost of more than 1 billion pounds ($1.4 billion) to make it ‘net zero’ for carbon emissions by 2045. Britain has a target to reach net zero by 2050 and has significantly reduced emissions from power generation, but has found it harder to cut industry’s carbon footprint. Andrew Gardner, Chairman of INEOS Grangemouth said the company would initially use gas to produce its own hydrogen on site, so-called blue hydrogen, with at least 1 million tonnes of carbon dioxide (CO2) stored and captured by 2030. “The next stage would be using green hydrogen,” Gardner told Reuters, to bring the entire site to net zero by 2045. INEOS said in July it would work with the Acorn carbon capture and storage project in Scotland, which aims to store CO2 emissions in the North Sea.
Persons: Denis Balibouse, INEOS, Andrew Gardner, , ” Gardner, Gardner Organizations: REUTERS, Denis Balibouse LONDON, Reuters, BP Locations: Rolle , Switzerland, Scottish, Grangemouth, Britain, Scotland, North
Pret, owned by investment group JAB and founder Sinclair Beecham, said on Wednesday it plans to open more than 200 UK shops in the next two years, including 100 franchise shops. Pret, as it is commonly known, currently runs 550 shops across five markets, the UK, U.S., France, Dubai and Hong Kong. Majority owner JAB and Beecham will invest a further 100 million pounds ($137 million), on top of the 185 million pounds they ploughed in to get Pret through COVID. Pret closed stores and shed jobs during the crisis as revenue slid 58% to 299 million pounds in 2020 and the group recorded an operating loss of 256.5 million pounds. Many of its UK stores are located close to offices, which were badly hit when people started working from home.
Persons: Hannah McKay, Sinclair Beecham, Beecham, Pret, Pano Christou, Christou, James Davey, Alexander Smith Organizations: REUTERS, Reuters, U.S, Waitrose, Tesco, Thomson Locations: New Cavendish, London, Britain, Europe, East, Asia, France, Dubai, Hong Kong, COVID, Pret
(Adds details on Eurobond sale)ABUJA, Sept 21 (Reuters) - Nigeria raised $4 billion via a Eurobond issue on Tuesday after investors demanded more than four times the amount on offer, the Debt Management Office (DMO) said. The DMO said the West African country attracted demand of $12.2 billion for the notes, which enabled it to raise the value of its initial offering by $1 billion. It raised $1.25 billion for seven years at a yield of 6.125% and sold a 12-year bond at 7.375% to fetch $1.5 billion. The Eurobonds are part of a government plan to raise 2.343 trillion naira ($5.71 billion) in external financing to help fund spending in 2021 and to partly finance the 5.6 trillion naira deficit. Nigeria picked JPMorgan, Citigroup, Standard Chartered and Goldman Sachs as international bookrunners, and local firm Chapel Hill Denham on the forthcoming Eurobond issue.
Persons: DMO, Goldman Sachs, Hill Denham, Chijioke Ohuocha, Catherine Evans, Edmund Blair Organizations: Debt Management, Reuters, The, London, Stock Exchanges, JPMorgan, Citigroup, Standard Chartered Locations: ABUJA, Nigeria, West, tranches, Europe, America, Asia
Under its current proposal, DraftKings plans to offer 28 pounds per Entain share, representing a premium of 46.2% to the UK firm's Monday close. Entain said it had earlier rejected a proposal from DraftKings to buy the company for 25 pounds ($34.15) per share. Entain's shares closed up 18% as the companies confirmed the approach, which would give the U.S. firm access to the Ladbrokes Poker and bwin online betting brands. read moreDemand for online betting boomed during the pandemic as customers took to playing from home when casinos and betting shops were off-limits. Entain said DraftKings had until Oct. 19 to make a firm offer for the company.
Persons: Simon Dawson, Entain, DraftKings, William Hill, Subrat Patnaik, Nivedita Balu, Krystal Hu, Yadarisa Shabong, Chavi Mehta, Ramakrishnan, Sriraj Kalluvila, Steve Orlofsky, Anil D'Silva Organizations: REUTERS, Ladbrokes, U.S, MGM Resorts International, MGM, NFL, NBA, DraftKings, RBC Capital Markets, Caesars Entertainment, Caesars, Golden Nugget, Gaming, Thomson Locations: Ladbrokes, London, Britain, British, U.S, United States, Bengaluru, New York
(Corrects headline to say yields moved higher) By Herbert Lash NEW YORK, Sept 21 - Longer-dated U.S. Treasury yields edged higher on Tuesday after an auction of 20-year bonds was well received and investors waited for the end of this week's Federal Reserve meeting that may shed light on when its massive purchase of government debt will begin to ease. The yield on the benchmark 10-year Treasury note rose 1.4 basis points to 1.323%, while yields on 20-year Treasuries narrowed, up 0.7 basis points. A steady reduction, spread out over several quarters, would likely minimize any disruption to the financial markets. A closely watched part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes, seen as an indicator of economic expectations, was at 110.5 basis points. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was unchanged at 0.216%.
Persons: Herbert Lash NEW, Kim Rupert, Rupert said, Guy LeBas, LeBas, John Vail, Herbert Lash, Stefano Rebaudo, Lisa Shumaker, Barbara Lewis Organizations: Treasury, Reserve, Economics, China Evergrande Group, Analysts, Janney Capital Management, Nikko Asset Management, U.S, Securities Locations: Beijing, U.S, New York, London
The Citi/YouGov monthly inflation expectations survey showed that public inflation expectations for the next 12 months jumped to 4.1% in September from 3.1% in August, the biggest monthly increase since the survey began more than 15 years ago. Longer-term inflation expectations for the next five to 10 years rose to 3.8% in September from 3.5% in August. “Today’s data, especially the movement in long-term expectations, suggest growing risks inflation expectations could become de-anchored to the upside. Citi’s survey contrasts with a much smaller increase in inflation expectations in a poll for August which the BoE published last week. Inflation expectations tend to be pushed up by short-term rises in the current rate of inflation.
Persons: Simon Dawson, , , BoE Organizations: Oxford, REUTERS, Simon Dawson LONDON, Bank of England, Citi, Monetary, ” Citi, Financial Locations: London, Britain, British
London-listed Entain's shares closed up 18% as the companies confirmed the approach, which will give the U.S. firm access to Ladbrokes Poker and bwin online betting brands. Demand for online betting also boomed during the pandemic as customers took to playing from home when casinos and betting shops were off-limits. Any deal in which Entain will own a competing business in the United States will require MGM's consent, the company said, responding to DraftKings approach. DraftKings, which allows users to enter daily and weekly fantasy sports-related contests, confirmed it had approached Entain but did not provide any additional detail. Entain said DraftKings has until Oct. 19 to make a firm offer for the company.
Persons: Simon Dawson, DraftKings, CNBC's David Faber, Faber, William Hill, Entain, Subrat Patnaik, Nivedita Balu, Yadarisa Shabong, Ramakrishnan Organizations: REUTERS, Ladbrokes Poker, Caesars Entertainment, Caesars, U.S, MGM Resorts International, MGM, NFL, NBA, DraftKings, RBC Capital Markets, Thomson Locations: Ladbrokes, London, Britain, U.S, United States, Bengaluru
The blue-chip FTSE 100 (.FTSE) ended 1.0% higher and recorded its best session in two months. Oil major BP (BP.L) and Royal Dutch Shell (RDSa.L) were among the top boosts. read moreThe FTSE 100 has gained 8% so far this year on support from dovish central bank policies and re-opening optimism. In earnings-driven moves, Kingfisher (KGF.L) fell 4.9% to the bottom of the FTSE 100 even as the British home improvement retailer reported a jump in first-half profit. read moreRoyal Dutch Shell jumped 3.6% after it said it would sell its Permian Basin assets to ConocoPhillips (COP.N) for $9.5 billion in cash, exiting the largest U.S. oilfield.
Persons: Neil Hall, Entain, BoE, Kunal Sawhney, Shashank Nayar, Amal, Saumyadeb Chakrabarty, Subhranshu Sahu, Marguerita Choy Organizations: London Stock Exchange, REUTERS, Royal Dutch Shell, FTSE, Royal, Shell, Kalkine, AstraZeneca, Oxford, Dutch Shell, ConocoPhillips, Stagecoach Group, National, National Express, Semiconductor, Thomson Locations: London, Britain, dovish, Bengaluru
Ladbrokes owner Entain confirms DraftKings offer
  + stars: | 2021-09-21 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Simon DawsonSept 21 (Reuters) - Entain Plc (ENT.L) on Tuesday confirmed that U.S. fantasy sports betting company DraftKings (DKNG.O) has made an offer to buy the British gambling firm in a deal that one media report said could be valued at $20 billion. London-listed Entain's shares surged about 19% as it confirmed the offer, which will give the U.S. company access to Ladbrokes Poker and bwin online betting. The offer price is roughly 2,500 pence per share, according to CNBC's David Faber, representing a premium of about 30%. Demand for online betting also boomed during the pandemic as customers took to playing from home when casinos and betting shops were off-limits. Entain said DraftKings must announce a firm intention to make an offer for the company or announce that it does not intend to make an offer by Oct. 19.
Persons: Simon Dawson, CNBC's David Faber, Faber, William Hill, Entain, DraftKings, Subrat Patnaik, Ramakrishnan Organizations: REUTERS, Entain, U.S ., Ladbrokes Poker, U.S, MGM Resorts International, Caesars Entertainment, Thomson Locations: Ladbrokes, London, Britain, U.S, United States, Bengaluru
Dozens of rare penguins have been killed by a swarm of bees in South Africa, in what conservation experts have described as a freak accident. More than 60 African penguins were found dead on Boulders Beach near Cape Town, many with bee stings around their eyes, an occurrence researchers said was unprecedented. The Southern African Foundation for the Conservation of Coastal Birds said in a statement that it suspects a bees' nest was disturbed in the area. There are 10,300 breeding pairs of African penguins left in South Africa and the foundation says some 40,000 breeding pairs have been lost in the last 20 years. The foundation is calling for the restriction of fishing around important African penguin breeding colonies.
Persons: postmortems, Dr, David Roberts, Ludynia Organizations: Southern African Foundation for, Conservation, NBC Locations: South Africa, Cape Town
The world's biggest music label, which represents musicians and song catalogues from Billie Eilish to The Rolling Stones and Bob Dylan, saw its market value leap to 47 billion euros ($55 billion) in Europe's largest listing of the year. The company was spun off by France's Vivendi (VIV.PA), which handed a 60% stake in Universal to its shareholders. 1/2 The logo of Universal Music Group (UMG) is seen at a building in Zurich, Switzerland July 20, 2021. read moreUniversal has increased sales for six years in a row, with core earnings of 1.36 billion euros in 2020 on revenue of 7.43 billion euros. Before Universal, Amsterdam had attracted a record 14 IPOs this year.
Persons: Billie Eilish, Bob Dylan, William Ackman, China's Tencent, Vincent Bollore, Lucian Grainge, Ackman's Pershing, Matti Littunen, Bernstein, Littunen, Ackman, Arnd, BIEBER, Justin Bieber, Grainge, Toby Sterling, Sudip Kar, Gwenaelle Barzic, Mathieu Rosemain, Pamela Barbaglia, Ingrid Melander, Sarah White, Mark Potter, Pravin Organizations: France's Vivendi, Universal, Vivendi, HK, Ackman's, Warner Music, Sony Music, Pershing, Universal Music, REUTERS, YouTube, Spotify, Reuters, Paris Match, Euronext, European Union, BNP, Thomson Locations: Amsterdam, AMSTERDAM, Europe's, Hilversum, Netherlands, Santa Monica , California, Zurich, Switzerland, Lagardere, Paris, London
The yield on the benchmark 10-year Treasury note was up 0.8 basis points to 1.318% in morning trade. A steady reduction, spread out over several quarters, would likely minimize any disruption to the financial markets. A closely watched part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes, seen as an indicator of economic expectations, was at 110.4 basis points. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was down 0.6 basis points at 0.210%. The 10-year TIPS breakeven rate was last at 2.305%, indicating the market sees inflation averaging about 2.31% a year for the next decade.
Persons: Herbert Lash NEW, Guy LeBas, LeBas, John Vail, Herbert Lash, Stefano Rebaudo, Lisa Shumaker Organizations: Treasury, Reserve, China Evergrande Group, Analysts, Janney Capital Management, Nikko Asset Management, U.S, Securities Locations: Beijing, U.S, New York, London
REUTERS/Simon DawsonSept 21 (Reuters) - Sports betting firm DraftKings (DKNG.O) has made a $20 billion cash-and-stock offer for British sports betting and gambling company Entain Plc (ENT.L), CNBC reported on Tuesday, citing sources. The offer price is roughly 2,500 pence per share, according to CNBC's David Faber, largely in DraftKings stock along with a cash component. (https://bit.ly/3hOgEBx)Shares of Entain, which owns brands such as Ladbrokes, bwin, Coral, PartyPoker and Sportingbet, surged about 22% to 2,268 pence. In a transatlantic deal, Caesars Entertainment acquired Britain's William Hill in a 2.9 billion pound deal earlier this year. In January, Entain had rejected an $11 billion from MGM Resorts International, saying it undervalued the company.
Persons: Simon Dawson, CNBC's David Faber, William Hill, Entain, Faber, Subrat Patnaik, Ramakrishnan Organizations: REUTERS, Sports, Entain Plc, CNBC, Caesars Entertainment, MGM Resorts International, Thomson Locations: Ladbrokes, London, Britain, Bengaluru
DraftKings makes $20 billion offer for Entain - CNBC
  + stars: | 2021-09-21 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Simon DawsonSept 21 (Reuters) - Sports betting firm DraftKings (DKNG.O)has made a $20 billion cash-and-stock offer for Ladbrokes owner Entain Plc (ENT.L), CNBC reported on Tuesday, citing sources. The offer price is roughly 2,500 pence per share, according to CNBC's David Faber, largely in DraftKings stock along with a cash component. (https://bit.ly/3hOgEBx)The deal would give DraftKings, which allows users to enter daily and weekly fantasy sports-related contests, access to brands such as bwin, Coral, PartyPoker, and Sportingbet. DraftKings' proposal comes after MGM Resorts International in January ditched plans to buy Entain after the British company rebuffed an $11 billion takeover approach, but investors have speculated that the U.S. casino operator may return with a new bid. Reporting by Subrat Patnaik in Bengaluru; Editing by Ramakrishnan M.Our Standards: The Thomson Reuters Trust Principles.
Persons: Simon Dawson, CNBC's David Faber, DraftKings, Subrat Patnaik, Ramakrishnan M Organizations: REUTERS, Sports, Entain, CNBC, MGM Resorts International, U.S, Thomson Locations: Ladbrokes, London, Britain, British, Bengaluru
(Updates prices)Sept 21 (Reuters) - Sterling held near four-week lows on Tuesday as investors evaluated the direction the Bank of England would take at an upcoming policy meeting, while broader risk sentiment remained under pressure due to Chinese property company Evergrande’s debt troubles. Some analysts cited the next support for the pound at its August low of $1.3602. The pound also received some support from a record $137 billion demand for its first “green” government bond amounting to $10 billion. In an important week for monetary policy, the Federal Reserve and BoE are among a dozen central banks hosting their meetings, which kept major currencies confined to their well-trodden ranges. Against the euro, the British currency was slightly stronger at 85.90 pence, but still hovered around a two-week low.
Persons: Sterling, BoE, , Esther Reichelt Organizations: Bank of England, Federal Reserve Locations: London
REUTERS/Jeenah MoonCHICAGO/LONDON, Sept 21 (Reuters) - America's reopening to international air travelers can't come soon enough for U.S. and European airlines which have sorely missed the lucrative transatlantic market. "The transatlantic market is a key profit generator for the main European legacy airline groups," said Bernstein analyst Daniel Roeska. LEAN WINTERThe lifting of restrictions coincides with the onset of winter season, historically a lean period for international travel, when many airlines tend to make a loss. In the United States, though, airlines fear the travel recovery could by blunted by the Delta variant of the coronavirus. In early September, U.S. airline passenger volumes for international travel were just 44% of the pre-pandemic levels, according to data from trade body Airlines for America.
Persons: Biden, IAG, Bernstein, Daniel Roeska, Colin Scarola, Savanthi, Raymond James, David Shepardson, David Gregorio, Chris Sanders, Pravin Organizations: JetBlue, JFK International Airport, REUTERS, British Airways, Lufthansa, Air France, KLM, U.S, American Airlines, United Airlines, Delta Air Lines, Transatlantic, White House, Air, Virgin Atlantic, CFRA Research, Airlines for America, Thomson Locations: London, Queens, New York City , New York, U.S, CHICAGO, LONDON, United States, Air France, New York, Orlando, Las Vegas, Miami, Europe, Washington
(Adds details)ABUJA, Sept 21 (Reuters) - Nigeria opened the order book for a $3 billion Eurobond offering on Tuesday, aiming to issue the bond next week, according to a notice to investors seen by Reuters. The debt office has said the meetings will precede pricing for the bond to raise up to $3 billion but not more than $6.2 billion. The notice set Sept. 28 for the bond settlement, which will be listed on the London and Nigerian Stock Exchanges. The Eurobonds are part of a government plan to raise 2.343 trillion naira ($5.71 billion) in external financing to help fund spending in 2021 and to part finance the 5.6 trillion naira deficit. Nigeria picked JPMorgan, Citigroup, Standard Chartered and Goldman Sachs as international bookrunners and local firm Chapel Hill Denham on the forthcoming Eurobond issue.
Persons: Goldman Sachs, Hill Denham Organizations: Reuters, The, London, Stock Exchanges, JPMorgan, Citigroup, Standard Chartered Locations: ABUJA, Nigeria, tranches
FILE PHOTO: A Ryanair Boeing 737-800 aircraft approaches Paris-Beauvais airport in Tille, northern France, September 27, 2018. REUTERS/Christian HartmannLONDON (Reuters) - Ryanair on Tuesday warned that Boeing risked forgoing the main driver of growth in Europe, low-cost airlines, to rival Airbus unless it reversed a recent price increase. Europe’s largest low cost carrier earlier this month abruptly ended talks with the U.S. planemaker over a new order of the larger 737 MAX 10 jets, worth tens of billions of dollars, due to differences over price. Ryanair Group Chief Executive Michael O’Leary said that “Europe’s low cost carriers will drive demand for Airbus A320 family aircraft and not Boeing” unless it cuts its prices and does a deal with Ryanair. He made the comments in a letter responding to a Reuters article that quoted a Boeing executive forecasting low-cost carriers would drive growth.
Persons: Christian Hartmann, Michael O’Leary Organizations: Ryanair Boeing, REUTERS, Christian, Christian Hartmann LONDON, Ryanair, Boeing, Airbus, U.S, Reuters Locations: Paris, Beauvais, Tille, France, Europe
(Adds details, updates prices)Sept 21 (Reuters) - Euro zone bond yields held steady on Tuesday as markets appeared to calm from a sell-off a day earlier driven by fears around Chinese property developer Evergrande’s debt woes and their implications for global growth. Stock markets and other riskier assets sunk on Monday, driven by fears that Evergrande might default and a commodities sell-off. That boosted safe-haven government bonds, pushing yields - which move inversely with prices - down sharply. With stock markets stabilizing on Tuesday, euro area bond yields were largely stable. The bonds are currently ineligible for purchase under the central bank’s conventional bond purchase scheme as they aren’t rated investment grade.
Persons: , Peter McCallum, Louis de Guindos, Yannis Stournaras, Stournaras Organizations: Mizuho, European Central Bank, ECB Locations: London, Germany, Finland
(Updates prices)Sept 21 (Reuters) - Euro zone bond yields held steady on Tuesday as markets appeared to calm from Monday’s sell-off, driven by fears around Chinese property developer Evergrande’s debt woes and their implications for global growth. Stock markets and other riskier assets sank on Monday, driven by fears that Evergrande might default and a commodities sell-off. That boosted safe-haven government bonds, pushing yields - which move inversely with prices - down sharply. With stock markets stabilising on Tuesday, euro area bond yields were largely stable. Greece’s 10-year government bond yield fell to its lowest since Aug. 31, at 0.738%.
Persons: , Peter McCallum, Luis de Guindos, Yannis Stournaras, Stournaras, Yoruk Bahceli, Kevin Liffey Organizations: Mizuho, European Central Bank, ECB Locations: London, Germany, Finland
LONDON — The European Court of Human Rights found on Tuesday that Russia was responsible for the assassination of ex-KGB officer Alexander Litvinenko, who died an agonizing death in 2006 after being poisoned in London with a rare radioactive substance. Litvinenko, a defector who had become a vocal critic of the Kremlin, died three weeks after drinking green tea laced with polonium-210 at a plush London hotel. Download the NBC News app for breaking news and politicsBritain has long blamed the attack on Moscow, and the European court in Strasbourg, France, agreed. "Mr. Litvinenko’s assassination was imputable to Russia," its statement said. A British inquiry concluded in 2016 that Putin had probably approved a Russian intelligence operation to murder Litvinenko.
Persons: Alexander Litvinenko, Sergei Skripal, Litvinenko, Litvinenko’s, imputable, gaunt, Vladimir Putin —, , Putin, Yulia, Alexander Petrov, Ruslan Boshirov, Skripal, Nick Bailey, Dean Haydon, Sergey Fedotov, Haydon, Petrov, Boshirov, Alexander Mishkin, Anatoliy Chepiga, Denis Sergeev Organizations: European, of Human, NBC, London’s University College Hospital, Kremlin, Terrorism Locations: Russia, London, Russian, Britain, Moscow, Strasbourg, France, English, Salisbury
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