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☆ Wake up and smell the coffee ... made in the United States
▼ + stars: | 2021-09-22 | by ( Marcelo Teixeira | ) www.reuters.com time to read: +7 min

Coffee is largely produced in the Coffee Belt, located between the Tropic of Cancer and the Tropic of Capricorn, where countries such as Brazil, Colombia, Ethiopia and Vietnam have provided the best climate for coffee trees, which need constant heat to survive. Armstrong recently joined a group of farmers taking part in the largest-ever coffee growing endeavor in the United States. "It seems more logical to invest in new coffee varieties that could be grown in the same current geographies," he said. Rowland said researchers are planting coffee trees close to citrus, an intercropping technique used in other parts of the world as larger trees help hold winds and provide shade to coffee trees. That, in turn, could help in the selection of optimal coffee varieties for the region in the future.

Persons: Farmer David Armstrong, Armstrong, Jay Ruskey, Ruskey, Frinj, Smith Hobson, Giacomo Celi, Diane Rowland, Rowland, Alina Zare, Marcelo Teixeira, David Gaffen, Matthew Lewis Organizations: Reuters, FRINJ, REUTERS NEW, Central America, Tropic, Cancer, Frinj, Coffee, Starbucks Reserve, U.S ., United Nations Food, Agriculture Organization, Mercon Coffee, University of Florida, UF's College of Engineering, National Oceanic, Atmospheric Administration, New, Thomson Locations: Hobson, U.S, Ventura , California, Central, Los Angeles, Brazil, Colombia, Ethiopia, Vietnam, California, Florida, United States, Hawaii, CALIFORNIA, FLORIDA, Minas Gerais, New York

☆ Toast valued at $20 billion after pricing U.S. IPO above target
▼ + stars: | 2021-09-22 | by ( Echo Wang | ) www.reuters.com time to read: +1 min

NEW YORK (Reuters) -Restaurant software provider Toast Inc priced its U.S. initial public offering (IPO) well above the target range to raise $869.6 million, valuing the company at $19.98 billion. Toast sold 21.7 million shares at $40 apiece, the company said in a statement on Wednesday. It had earlier increased its price range to between $34 and $36 per share from $30 to $33. Toast said in an earlier filing that it was serving more than 48,000 restaurant locations as of the end of June this year. Goldman Sachs, Morgan Stanley and J.P. Morgan are the lead underwriters for the offering.

Persons: Uber, Toast, ”, Goldman Sachs, Morgan Stanley, J.P, Morgan Organizations: YORK, Inc, New York Stock Exchange, underwriters

☆ Toast to raise $869.6 million in U.S. IPO
▼ + stars: | 2021-09-22 | by ( Reuters Staff | ) www.reuters.com time to read: 1 min

NEW YORK, Sept 21 (Reuters) - Restaurant software provider Toast Inc priced its U.S. initial public offering (IPO) well above the target range to raise $869.6 million. Toast priced 21.7 million shares at $40 apiece, the company said in a statement on Wednesday. It had earlier increased its price range to between $34 and $36 per share from $30 to $33. (Reporting by Echo Wang in New York and Akriti Sharma in Bengaluru; Editing by Devika Syamnath)

Persons: Echo Wang, Akriti Sharma, Devika Syamnath Organizations: Inc Locations: New York, Bengaluru

Former President Donald Trump filed a $100 million lawsuit Tuesday against his niece, Mary Trump, and the New York Times, claiming they conspired to obtain his tax returns for the paper’s Pulitzer-winning story on his undisclosed finances. The lawsuit asserts that Mary Trump and three New York Times reporters — Susanne Craig, David Barstow, and Russell Buettner — were engaged in what the suit calls an “insidious plot” and an “extensive crusade” to obtain Trump’s taxes. In a statement, Mary Trump called her uncle desperate. Mary Trump appears on The Rachel Maddow Show on July 16, 2020. "As is always the case with Donald, he’ll try and change the subject.”The New York Times said in a statement it plans to challenge the lawsuit.

Persons: Donald Trump, Mary Trump, — Susanne Craig, David Barstow, Russell Buettner —, Craig, Buettner, Trump's, Fred Jr, Donald J, Trump, Rachel Maddow, MSNBC “, Donald, he’ll, Donald Trump's, Danielle Rhoades Ha, Robert Trump, Mary Trump’s, “, …, “ Craig, Farrell Fritz, ‘, Fred Trump Organizations: New York Times, The New York Times, MSNBC, New York State, The Times Locations: Barstow, New York, Dutchess County

☆ Donald Trump is suing The New York Times and his niece Mary Trump over coverage of his tax history; report
▼ + stars: | 2021-09-22 | by ( Sarah Al-Arshani | ) www.businessinsider.com time to read: +2 min

Donald Trump is suing his niece and The New York Times over coverage of his taxes, the Daily Beast reported. The lawsuit, filed on Tuesday, said his niece and the Times had an "insidious plot" to get his records. The Trump Organization is also the center of a tax fraud investigation by the Manhattan District Attorney's office. A New York Times spokesperson told Insider: "The Times's coverage of Donald Trump's taxes helped inform citizens through meticulous reporting on a subject of overriding public interest. The Trump Organization did not respond to Insider's request for comment at the time of publication.

Persons: Donald Trump, Trump, Mary Trump, David Barstow, Susanne Craig, Russ Buettner, Allen Weisselberg, Insider's Joshua Zitser, Donald Trump's Organizations: New York Times, Daily, Times, Service, The New York Times, The Times, Trump Organization, Manhattan District Locations: Dutchess County , New York

☆ The Taliban wants to speak at the UN General Assembly in New York as the official government of Afghanistan
▼ + stars: | 2021-09-22 | by ( Matthew Loh | ) www.businessinsider.com time to read: +2 min

The Taliban's foreign minister has asked for the regime's envoy to speak at the UN General Assembly. He's contesting Afghanistan's seat, which has been given to the ambassador representing the former government. When the Taliban previously ruled Afghanistan, they were not given a seat by the UN. Both parties are jockeying to speak during Afghanistan's slated spot as the final speech of September 27, the last day of this year's General Assembly. Officials will now have to decide whether to accept the Taliban's request, or let Isaczai continue as Afghanistan's ambassador under UN protocol.

Persons: He's, Amir Khan Muttaqi, Antonio Guterres, Ghulam Isaczai, Afghanistan's, Ashraf Ghani Organizations: UN, Assembly, Service, United Nations General Assembly, Taliban, General, Reuters, Officials, Sierra, AP Locations: Afghanistan, New York, Russia, China, Sweden, Bahamas, Bhutan, Chile, Namibia, Sierra Leone

☆ Earthquake in Australia Forces Hospitals and Residents to Evacuate
▼ + stars: | 2021-09-22 | by ( Yan Zhuang | ) www.nytimes.com time to read: +1 min

MELBOURNE, Australia — An earthquake of 5.8 magnitude hit southeast Australia on Wednesday morning, damaging buildings and forcing apartment buildings and hospitals to evacuate staff members and patients. It was the largest onshore earthquake in the state of Victoria in recorded history, according to Adam Pascale, chief scientist at the Seismology Research Center. And it was the largest land earthquake to rattle the country since 2016, when a 6.1-magnitude temblor hit the Northern Territory, according to Geoscience Australia. The quake on Wednesday collapsed the walls of buildings in Melbourne, Australia’s second-largest city and the capital of Victoria. It forced residents to flee apartments, shattered windows, left cracks in roads and led to power outages.

Persons: Scott Morrison, Adam Pascale, Australia’s Organizations: General, Geoscience Australia Locations: MELBOURNE, Australia, New York, Victoria, Northern Territory, Melbourne

☆ Australia says trade pact would benefit EU in Indo-Pacific amid submarine deal fallout
▼ + stars: | 2021-09-22 | by ( Colin Packham | ) www.reuters.com time to read: +2 min

CANBERRA, Sept 22 (Reuters) - An Australian-EU trade deal would be mutually beneficial and allow EU members a greater presence in the Indo-Pacific, said Australia's trade minister, as Canberra tries to repair ties with Paris after the scrapping of a $40 billion submarine deal. In solidarity with France, EU lawmakers have publicly questioned whether a trade deal with Australia could be possible. Australia's Minister for Trade Dan Tehan on Wednesday urged the EU to progress ahead with a trade deal. Australia and the EU are set to hold the next round of talks on a trade deal on Oct 12. Morrison is in the United States to attend the quadrilateral security dialogue, made up of India, Japan, the United States and Australia - which convenes later this week.

Persons: Navy's Collins, Waller, Collins, Trade Dan Tehan, Tehan, Scott Morrison, Charles Michel, Morrison, Joe Biden, Emmanuel Macron, Colin Packham, Michael Perry Organizations: Royal, EU, Canberra, Paris, France's Naval Group, U.S, Trade, Wednesday, United Nations, Australia's, Thomson Locations: Sydney Harbour, CANBERRA, Australian, EU, Australia, France, United States, Canberra, Washington, New York, India, Japan

☆ Brazil's health minister tests positive for COVID-19 in NYC
▼ + stars: | 2021-09-22 | by ( ) www.reuters.com time to read: +2 min

Brazil's Health Minister Marcelo Queiroga speaks during a ceremony at the Planalto Palace in Brasilia, Brazil, August 5, 2021. REUTERS/Adriano MachadoBRASILIA, Sept 21 (Reuters) - Brazil's Health Minister Marcelo Queiroga tested positive for COVID-19 hours after accompanying President Jair Bolsonaro to the United Nations General Assembly in New York on Tuesday, the government said. It added that the rest of the delegation tested negative for the virus. read moreThe health minister was the second member of the Brazilian delegation in New York to have tested positive. A young diplomat who was part of an advance team preparing Bolsonaro's visit tested positive on the weekend and was isolated.

Persons: Marcelo Queiroga, Adriano Machado BRASILIA, Jair Bolsonaro, Queiroga, Bolsonaro, Donald Trump, coronavirus, Trump, Anthony Boadle, Stephen Coates, Simon Cameron, Moore Organizations: Brazil's Health, REUTERS, United Nations General Assembly, CNN Brasil, COVID, Brazilian, Thomson Locations: Brasilia, Brazil, New York, United States, Lago, COVID

☆ Salesforce rival Freshworks raises $1.03 bln in U.S. IPO, valued at $10.13 bln
▼ + stars: | 2021-09-22 | by ( Echo Wang | ) www.reuters.com time to read: +1 min

The Nasdaq logo is displayed at the Nasdaq Market site in New York September 2, 2015. REUTERS/Brendan McDermid/File PhotoNEW YORK, Sept 21 (Reuters) - Business software firm Freshworks said it had priced its U.S. initial public offering well above the target range to raise $1.03 billion, valuing the Salesforce.com (CRM.N) rival at $10.13 billion as hybrid work fuels demand for its products. Freshworks priced 28.5 million shares at $36 per share, the company backed by Accel and Sequoia Capital said on Tuesday. It had earlier expected to raise $969 million at the top end of its increased price range of $32 to $34 per share. Freshworks shares are scheduled to start trading on the Nasdaq on Wednesday under the symbol "FRSH".

Persons: Brendan McDermid, Freshworks, Morgan Stanley, J.P, Morgan, Echo Wang, Vishal Vivek, Aakriti, Devika Organizations: Nasdaq, REUTERS, Accel, Sequoia Capital, BofA Securities, underwriters, Thomson Locations: New York, Mateo , California, Chennai, India, Bengaluru

☆ Texas Governor Greg Abbott applauded border enforcement for a miles-long 'steel barrier' of vehicles deterring Haitian migrants at Del Rio
▼ + stars: | 2021-09-22 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Texas Governor Greg Abbott lauded state troopers for erecting a "steel barrier" of vehicles to stop people from crossing into the US. He said Texas is sending a message to those thinking about crossing the border that they may be jailed. Thousands of refugees seeking to enter the US are camped underneath a bridge in Del Rio, Texas. Thousands of Haitian refugees are camped underneath a bridge in Del Rio, Texas — a border town of around 35,000 on the about 150 miles west of San Antonio. It's unclear why so many migrants have amassed at Del Rio so quickly, but misinformation that the border would be easier to cross there may have played a part, reported The New York Times.

Persons: Greg Abbott, Abbott, Jovenel Moïse, Joe Biden, Jozef, Biden Organizations: Texas, Service, Policy, Texas Department of Public Safety, DPS, Migrants, White, Department of Homeland Security, CNN, Del, New York Times, Haitian Bridge Alliance, Times Locations: Texas, Del Rio , Texas, San Antonio, Haiti, Del Rio

Hong Kong (CNN Business) It's been nearly two years since Norris Fong has seen his family back in his native Singapore. Like many Asian countries , Hong Kong has embraced a "zero Covid" strategy, placing emphasis on social distancing, limiting travel and shutting most non-residents out. No end in sightBut for many in Hong Kong, the grass is still greener on the other side of the South China Sea. Reopening to the mainland has been crucial for businesses who view Hong Kong as a gateway to the vast market there. In some cases, the quarantine restrictions in Hong Kong have sped up the decisions for job-seekers to head to Singapore, said Dass.

Persons: It's, Norris Fong, he's, Fong, Fong isn't, weren't, Frederik Gollob, Gollob, Carrie Lam, Edward Yau, Yau, Let's, Hong, Jaya Dass, Motley, TikTok, Alexander von zur Muehlen, Dass, Carlotta Dotto Organizations: CNN, Versace, of Commerce, CNN Business, Hong, European Chamber of Commerce, Asia Pacific, Hong Kong Commerce, Malaysia, Basel, headhunters, American Chamber of Commerce, New York Times, Facebook, Netflix, Citi, Banks, Singapore . Deutsche Bank DB Locations: Hong Kong, Singapore, Beijing, Sands, South China, Central , Hong Kong, Hong Kong Hong Kong, China, Macao, Macau, Malaysia, Randstad, Asia, Seoul, Southeast Asia

☆ Police to resume search of Florida wilderness for fiance of Gabby Petito
▼ + stars: | 2021-09-22 | by ( Dan Whitcomb | ) www.reuters.com time to read: +4 min

Ten days earlier Laundrie had returned home to North Port, Florida, without her from a cross-country road trip. North Port police say they learned from Laundrie's family only on Friday that he had been gone for three days. A North Port police spokesman said they would return there early on Wednesday to resume the effort. Petito's family believes she was headed to Grand Teton National Park when they last heard from her. On Monday investigators served a search warrant on the Laundrie family home.

Persons: Gabrielle Petito, Brian Laundrie, Gabby Petito's, Laundrie, Michael Schneider, Petito, Nicole Schmidt, Stan, Schmidt, Dan Whitcomb, Leslie Adler Organizations: Florida Police, Handout, REUTERS, Police, FBI, North Port, Ford Transit, Coroner's, FBI Denver, U.S, Teton, Thomson Locations: Port, Florida, Wyoming, North Port , Florida, North Port, Carlton, North, Bridger, Teton, Forest, New York, Salt Lake City, Moab , Utah

☆ Teen pleads guilty in 2019 fatal stabbing of Barnard College student Tessa Majors
▼ + stars: | 2021-09-21 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

One of the three teenagers charged in the attempted robbery and fatal stabbing of a Barnard College student at a New York City park in 2019 pleaded guilty Tuesday to second-degree murder, authorities said. The teen, Luchiano Lewis, 16, also pleaded guilty to first-degree robbery, a spokeswoman for Manhattan District Attorney Cyrus Vance Jr. said. Tessa Majors, 18, was fatally stabbed at Morningside Park in Upper Manhattan on the night of Dec. 11, 2019. A 14-year-old boy pleaded guilty last year, NBC New York reported. When they saw Majors, the teens planned to steal her phone, Lewis said in court.

Persons: Luchiano Lewis, Cyrus Vance Jr, Lewis, Tessa Majors, Alex Padilla, Vance’s, Majors, Barnard Organizations: Barnard College, Manhattan District, Columbia University, NBC, Majors Locations: New York City, Upper Manhattan, Virginia, NBC New York

☆ China Evergrande inches close to default deadline, investors wait
▼ + stars: | 2021-09-21 | by ( Reuters Staff | ) www.reuters.com time to read: +5 min

REUTERS/Carlos Garcia Rawlins/File PhotoWhile concerns about the spillover from a messy collapse roiled markets on Monday, U.S. stocks were flat on Tuesday. Both bonds would default if Evergrande fails to settle the interest within 30 days of the scheduled payment dates. Evergrande missed interest payments due Monday to at least two of its largest bank creditors, Bloomberg reported on Tuesday, citing people familiar with the matter. Citigroup Inc subsidiaries serve as trustee and payment agent for a China Evergrande bond that matures in March 2022 and has $83.5 million in interest coming due on Thursday. Mainland China’s stock and bond markets, foreign exchange and commodity futures markets, which were closed Monday and Tuesday for Mid-Autumn Festival, resume trade on Wednesday, but Hong Kong’s financial markets will be closed for a public holiday.

Persons: “ Lehman, Carlos Garcia Rawlins, “ There’s, Evergrande, Gary Gensler, Jerome Powell, ”, Samy Muaddi, Rowe Price, “, Danielle Romero, Apsilos, Hui Ka Yuan Organizations: Reuters, China Evergrande Group, Oasis, Evergrande Group, REUTERS, U.S, Bloomberg, Securities, Exchange Commission, SEC, Fund, HSBC, UBS, UBS Asset Management, Rowe Price Emerging Markets, BNP, Citigroup Inc, Citigroup Locations: HONG KONG, China, Luoyang, U.S, New York, Evergrande, Beijing

☆ UPDATE 1-Ecuador has no plans to issue new debt in the short term, president says
▼ + stars: | 2021-09-21 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

(Adds background, quotes)NEW YORK, Sept 21 (Reuters) - Ecuador has no plans to issue new debt in the short term because it has plenty of resources available through International Monetary Fund financing, President Guillermo Lasso said on Tuesday. Lasso, a conservative ex-banker who took office in May, has pledged to halve the fiscal deficit here. He faces opposition from indigenous groups and social movements over cuts to fuel subsidies. His predecessor, Lenin Moreno, walked back a plan to raise fuel prices in 2019 in the face of massive protests. (Reporting by Rodrigo Campos in New York and Alexandra Valencia, Writing by Brian Ellsworth and Luc Cohen, Editing by Karishma Singh)

Persons: Guillermo Lasso, Lasso, ” Lasso, we’re, Lenin Moreno, Rodrigo Campos, Alexandra Valencia, Brian Ellsworth, Luc Cohen, Karishma Singh Organizations: International Monetary Fund, IMF, United Nations General Assembly Locations: Ecuador, New York

FILE PHOTO: An American Airlines Airbus A321-200 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. It took aim at American Airlines, the largest airline in the world, saying the alliance would cost consumers hundreds of millions of dollars. "Plain and simple: American Airlines and JetBlue's Northeast Alliance is anticompetitive." Shares of American Airlines closed down 2.8% at $19.76 while JetBlue was down 4.8% at $14.76. This is not a merger: American and JetBlue are – and will remain – independent airlines."

Persons: Mike Blake WASHINGTON, Trump, Rob Bonta, Robin Hayes, Hayes, Biden, Boston Logan, John F, Doug Parker, Parker, Diane Bartz, David Shepardson, Jon Stempel, Mark Porter, Steve Orlofsky, David Gregorio Our Organizations: American Airlines Airbus, Los Angeles International, REUTERS, U.S . Justice Department, American Airlines Group Inc, JetBlue Airways Corp, U.S . Transportation, American Airlines, JetBlue, DOJ, Justice Department, Kennedy, Newark Liberty, American, United Airlines, Delta Air Lines, of, The, America, US Airways, Thomson Locations: Los Angeles , California, U.S, Northeastern U.S, Boston, California, United States, LaGuardia, New York, Arizona , California, of Columbia , Florida , Massachusetts, Pennsylvania, Virginia, American, Washington

☆ Barry, Central Park owl killed by truck, had 'potentially lethal' levels of rat poison in her system
▼ + stars: | 2021-09-21 | by ( David K. Li Is A Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

The beloved Central Park owl who captivated jaded New Yorkers before being killed in a truck collision had dangerous, "potentially lethal" levels rat poison in her system, authorities said Tuesday. "The bromadiolone level is potentially lethal but it is unclear if it played a direct role in the death of this owl, i.e. whether the anticoagulant affected the owl's ability to avoid collision with the vehicle," according to the report. The park uses "rodenticides that are listed as 'low to moderately low' non-target animal risk," according to parks representative Crystal Howard. "Predatory birds must hunt for their food and often, like their prey, find their food outside of park boundaries," Howard said in a statement.

Persons: Barry, Crystal Howard, Howard, we’ve, Rockefeller Organizations: Park Conservancy, City, state's Department, Environmental, Health Unit, New York City Department of Parks, Parks, Rockefeller Locations: Gotham, New York

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

☆ Iran says it's ready to restart nuclear talks as U.S. braces for tougher stance from Tehran
▼ + stars: | 2021-09-21 | by ( Dan De Luce | Dan De Luce Is A Reporter For The Nbc News Investigative Unit. | Abigail Williams | ) www.nbcnews.com time to read: +8 min

Khatibzadeh spoke as Iran's new foreign minister, Hossein Amirabdollahian, was in New York for the annual U.N. General Assembly, where he was expected to discuss reviving the nuclear deal with other governments. Iran has refused to meet with U.S. negotiators in the nuclear talks; Washington and Tehran must pass messages through European intermediaries, instead. All parties must stay true to the nuclear deal," Raisi said in a recorded speech by video. The monitoring regime was introduced as part of the 2015 nuclear deal. The U.S. will discuss how to proceed with Iran in talks with European allies and other world powers in New York on Wednesday.

Persons: Saeed Khatibzadeh, IRNA, Khatibzadeh, Hossein Amirabdollahian, Ebrahim Raisi, Trump, Donald Trump, Joe Biden, We're, Biden, Raisi, Antony Blinken Organizations: Foreign Ministry, General Assembly, European Union, Iranian, U.S, Biden, U.S ., U.K, General, ., Capitol, Trump, International Atomic Energy Agency, . Security Locations: WASHINGTON, Iran, Vienna, Tehran, Iranian, New York, France, Germany, U.S, Washington, China, Russia, Afghanistan, Australia

☆ Mastercard chairman Banga to retire at year-end, Janow to head Board
▼ + stars: | 2021-09-21 | by ( ) www.reuters.com time to read: +1 min

Mastercard President and CEO Ajay Banga speaks to attendees during the Department of Homeland Security's Cybersecurity Summit in Manhattan, New York, U.S., July 31, 2018. REUTERS/Eduardo MunozSept 21 (Reuters) - Mastercard Inc (MA.N) said on Tuesday Chairman Ajay Banga would retire on Dec. 31, nearly a year after he stepped down as the payment processor's chief executive. The company said current lead independent director Merit Janow would be the non-executive independent chair and would assume her new role on Jan. 1, 2022. Janow, who joined the board in 2014, is also a dean and professor of international economic law and international affairs at Columbia University's School of International and Public Affairs, the company said in a statement. Earlier this year, Banga stepped down from his role as the CEO of the payments processor.

Persons: Ajay Banga, Eduardo Munoz, Janow, Banga, Michael Miebach, Niket, Krishna Chandra Organizations: Department of Homeland, REUTERS, Mastercard Inc, Columbia University's School of International and Public Affairs, Thomson Locations: Manhattan , New York, U.S, Janow, Bengaluru

☆ GLOBAL MARKETS-Stocks steady as markets calm after Evergrande-led slide
▼ + stars: | 2021-09-21 | by ( Lewis Krauskopf | Lawrence White | ) www.reuters.com time to read: +3 min

MSCI’s gauge of stocks across the globe edged up 0.13%, following Monday’s biggest percentage drop in two months. The Cboe Volatility Index fell 1.35 points to 24.36 after hitting a four-month high a day earlier. In currency trading, the dollar index fell 0.012%, with the euro down 0.03% to $1.1722. Benchmark 10-year U.S. Treasury notes last fell 5/32 in price to yield 1.3243%, from 1.309% late on Monday. U.S. crude settled up 0.4% at $70.56 per barrel and Brent settled at $74.36, up 0.6% on the day.

Persons: Wall, DAX, China Evergrande, Price, ”, Chuck Carlson, “, Germany’s DAX, Justin Trudeau’s, Edward Moya, Brent Organizations: China, Horizon Investment, Dow Jones, Nasdaq, Federal, Treasury Locations: U.S, Britain, Japan, Europe, Evergrande, Beijing, Hammond , Indiana, Central, United States, New York

☆ U.S. corporate bonds perk up after stock selloff
▼ + stars: | 2021-09-21 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

REUTERS/Andrew Kelly/File PhotoCHICAGO (Reuters) - Like the U.S. stock market, the nation’s corporate bond market on Tuesday steadied one day after fear of contagion risk from debt-troubled China property developer Evergrande rattled global financial assets. Amid caution ahead of Wednesday’s Federal Reserve policy announcement, Wall Street clawed back some losses from Monday’s selloff and corporate debt offerings were returning after being sidelined by the market volatility, according to Refinitiv’s IFR. High-yield bond spreads rose on Monday, after falling last week to their lowest level since July in a sign of a general risk-on mood. The spread refers to the interest rate premium investors demand to hold corporate debt over safer Treasury bonds. The spread on the ICE BofA U.S. Corporate Index, a benchmark for investment-grade debt, increased only a basis point to 91 basis points on Monday.

Persons: Andrew Kelly, Monday’s, ” Organizations: New York Stock Exchange, REUTERS, CHICAGO, Federal, ICE, U.S, Corporate, Monday, BMO Capital Markets Locations: Manhattan , New York City, U.S, China, tomorrow’s

☆ U.S., several states file antitrust lawsuit against American Airlines, JetBlue
▼ + stars: | 2021-09-21 | by ( ) www.reuters.com time to read: 1 min

An American Airlines Boeing 777-300ER plane takes off from Sydney Airport in Sydney, Australia, October 28, 2020. REUTERS/Loren Elliott/File PhotoSept 21 (Reuters) - The United States and several U.S. states on Tuesday filed an antitrust lawsuit against American Airlines Group Inc (AAL.O) and JetBlue Airways Corp (JBLU.O), according to records in Boston federal court. The lawsuit came after American's chief executive, Doug Parker, said he expected the U.S. government to challenge the carriers' partnership on antitrust grounds. Other plaintiffs in the lawsuit include Arizona, California, the District of Columbia, Florida, Massachusetts, Pennsylvania and Virginia, the court records show. Reporting by Jonathan Stempel in New York; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Loren Elliott, Doug Parker, Jonathan Stempel, Leslie Adler Organizations: American Airlines Boeing, Sydney Airport, REUTERS, American Airlines Group Inc, JetBlue Airways Corp, of, Thomson Locations: Sydney, Australia, United States, Boston, Arizona , California, of Columbia , Florida , Massachusetts, Pennsylvania, Virginia, New York

FILE PHOTO: An American Airlines Airbus A321-200 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. REUTERS/Mike BlakeWASHINGTON, Sept 21 (Reuters) - American Airlines Chief Executive Doug Parker said on Tuesday that he expected the U.S. Justice Department to file a lawsuit challenging American's (AAL.O) partnership with JetBlue Airways (JBLU.O) on antitrust grounds. The U.S. Justice Department said that it would have a major antitrust announcement on Tuesday. Shares of American Airlines were down 2.6 percent on Tuesday at $19.79 while those of JetBlue were down 4.6 percent at $14.79. read moreThe Biden administration has nominated Jonathan Kanter, an antitrust lawyer, to be the head of the Justice Department's antitrust division.

Persons: Mike Blake WASHINGTON, Doug Parker, Parker, It's, We've, Trump, Biden, Jonathan Kanter, Diane Bartz, David Shepardson, Mark Porter, Steve Orlofsky Organizations: American Airlines Airbus, Los Angeles International, REUTERS, American Airlines, U.S . Justice Department, JetBlue Airways, Washington Post, Street Journal, JetBlue, U.S . Transportation, American, United Airlines, Delta Air Lines, Northeast, Transportation Department, Newark Liberty International Airport, Thomson Locations: Los Angeles , California, U.S, U.S ., New York, Boston, United States, Delta, Washington

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