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Nordic Entertainment Group (NENT) sign is seen at their headquarters in Stockholm, Sweden October 1, 2018. The Swedish media group said ahead of a presentation to investors and media that it expects 2020-2025 compound annual organic sales growth at the upper end of its target ranges - 18%-20% for the group and 13%-15% for its Nordic operations. It also set a new target of 23%-25% compound annual organic sales growth for its Viaplay streaming service in the Nordic markets. NENT said it would launch Viaplay in Britain, Canada, Germany, Austria and Switzerland, taking the number of markets to 16 by the end of 2023, and announced a new target of 12 million Viaplay subscribers by the end of 2025. Reporting by Anna Ringstrom; Editing by Christopher Cushing and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.
Persons: Olof Swahnberg, NENT, Anna Ringstrom, Christopher Cushing, Sherry Jacob, Phillips Organizations: Nordic Entertainment, REUTERS, Netflix, Nordic, Thomson Locations: Stockholm, Sweden, STOCKHOLM, Swedish, Britain, Canada, Germany, Austria, Switzerland
Barry Callebaut makes new appointments to exec committee
  + stars: | 2021-09-22 | by ( ) www.reuters.com   time to read: 1 min
Employees of chocolate and cocoa product maker Barry Callebaut prepare chocolates after the company's annual news conference in Zurich, Switzerland November 7, 2018. REUTERS/Arnd WiegmannZURICH, Sept 22 (Reuters) - Barry Callebaut (BARN.S) has made two changes to its executive committee, appointing Masha Vis-Mertens as its new Chief Human Resources Officer and Massimo Selmo as Chief Procurement Officer. Both changes will be effective from October 1, 2021, the Swiss chocolate maker said on Wednesday. Reporting by John Revill; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.
Persons: Barry, Barry Callebaut, Masha Vis, Mertens, Massimo Selmo, John Revill, Muralikumar Organizations: REUTERS, Wiegmann, Human, Thomson Locations: Zurich, Switzerland, Wiegmann ZURICH, Swiss
Kavak Chief Executive Carlos Garcia poses for a photo at used autos platform Kavak in Mexico City, Mexico, August 25, 2020. Founded nearly five years ago in Mexico, Kavak expanded to Argentina in 2020, before landing in Brazil this year, which it described as its largest market. The company will most likely focus next on expanding to emerging markets beyond Latin America, CEO Garcia told Reuters, noting that announcements could come within six months. Kavak says it now has 5,000 employees across Latin America. Chinese consumer habits closely resemble those in Latin America, Garcia said.
Persons: Carlos Garcia, Edgard Garrido, Kavak, Catalyst, Peter Thiel's, Japan's SoftBank, Garcia, Cassandra Garrison, Matthew Lewis Organizations: REUTERS, Reuters, U.S, SoftBank Group Corp, Fund, Sea Ltd, Tiger, Ribbit, Kavak, Global Inc, Thomson Locations: Mexico City, Mexico, MEXICO, America, Singapore, House, Argentina, Brazil, Latin America, United States, U.S
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
In the spot market, onshore yuan opened at 6.4725 per dollar and fell to a low of 6.4737, the weakest level since Aug. 27. By midday, the global dollar index rose to 93.27 from the previous close of 93.222, while the offshore yuan was trading at 6.475 per dollar. Negative number indicates that spot yuan is trading stronger than the midpoint. The People's Bank of China (PBOC) allows the exchange rate to rise or fall 2% from official midpoint rate it sets each morning. OFFSHORE CNH MARKET Instrument Current Difference from onshore Offshore spot yuan 6.475 -0.06% * Offshore 6.6521 -2.75% non-deliverable forwards ** *Premium for offshore spot over onshore **Figure reflects difference from PBOC's official midpoint, since non-deliverable forwards are settled against the midpoint.
Persons: Li Liuyang, Jerome Powell's, Li, Julian Evans, Pritchard, Winni Zhou, Andrew Galbraith, Sam Holmes Organizations: People's Bank of China, Traders, China Merchants Bank, Capital Economics, Thomson Locations: SHANGHAI, China
U.S. Trade Representative Katherine Tai testifies before the Senate Finance Committee on Capitol Hill in Washington, U.S., May 12, 2021. Susan Walsh/Pool via REUTERS/File PhotoSept 22 (Reuters) - U.S. Trade Representative Katherine Tai will have an online meeting on Wednesday with Ngozi Okonjo-Iweala, the director-general of the World Trade Organization, Tai's media office said, weeks before it holds an import ministerial conference. Tai spoke by telephone earlier this month with the head of the WTO and acknowledged the "difficult logistical challenges" facing the upcoming WTO conference. read moreThe global trade watchdog is due to hold a ministerial conference of its 164 members in November and December, which is set to be a critical test of Okonjo-Iweala's leadership. WTO members are set to negotiate a range of topics at the meeting, including trade, the COVID-19 pandemic as well as agriculture and fisheries.
Persons: Katherine Tai, Susan Walsh, Ngozi, Tai, Kanishka Singh, Clarence Fernandez, Robert Birsel Organizations: Trade, Senate, Capitol, . Trade, World Trade Organization, WTO, Thomson Locations: Washington , U.S, Bengaluru
Solar panels are seen at the Desert Stateline project near Nipton, California, U.S. August 16, 2021. REUTERS/Bridget BennettSept 22 (Reuters) - A U.S. solar industry group warned on Wednesday that tariffs on imported panels from three Asian countries would jeopardize nearly 30% of the solar capacity the nation is expected to install over the next two years. "We cannot emphasize enough how damaging these tariffs would be to our companies and the entire American solar industry," said the letter signed by nearly 200 solar companies. The tariffs would jeopardize 18 gigawatts (GW) of solar projects by 2023, the SEIA said, enough to power about 3.4 million homes. SEIA for years has opposed tariffs on solar imports because those products have fueled the sector's growth.
Persons: Bridget Bennett, Gina Raimondo, Wood Mackenzie, Nichola Groom, Tom Hogue Organizations: REUTERS, Commerce Department, Solar Energy Industries Association, American, Manufacturers, Thomson Locations: Nipton , California, U.S, Malaysia, Vietnam, Thailand, United States, China
An unfinished residential building is pictured through a construction site gate at Evergrande Oasis, a housing complex developed by Evergrande Group, in Luoyang, China September 16, 2021. REUTERS/Carlos Garcia RawlinsSHANGHAI, Sept 22 (Reuters) - China Evergrande Group's (3333.HK) main unit said on Wednesday that it would make a bond interest payment on Sept. 23 after private negotiations with bondholders, as global investors worry over a possible default by China's No. The company's coupon payment totals 232 million yuan ($35.88 million), according to Refinitiv data. Evergrande is also due to make an $83.53 million coupon payment on an offshore dollar bond on Thursday. The Shenzhen exchange filing did not mention the offshore bond.
Persons: Carlos Garcia Rawlins, China's, Andrew Galbraith, Samuel Shen, Muralikumar Anantharaman, Jacqueline Wong Organizations: Oasis, Evergrande Group, REUTERS, Estate Group, Thomson Locations: Luoyang, China, HK, Shenzhen
A staff member stands beside the Taiwanese Central Bank logo in Taipei, Taiwan February 26, 2018. In the second quarter, the economy expanded 7.43% from a year earlier, slowing from 8.92% growth in the first quarter but still better than many of its regional peers. Export-dependent Taiwan also faces uncertainty about the spread of the Delta variant in key markets like China, the United States and Europe. The central bank will give its own revised forecast for economic growth this year on Thursday, having predicted a 5.08% expansion at its last quarterly meeting in June, with exports performing strongly. Poll compiled by Carol Lee; Reporting by Liang-sa Loh and Ben Blanchard; Editing by Ana Nicolaci da CostaOur Standards: The Thomson Reuters Trust Principles.
Persons: Tyrone Siu, Tony Phoo, Biden, Carol Lee, Liang, sa Loh, Ben Blanchard, Ana Nicolaci da Organizations: Taiwanese Central Bank, REUTERS, Chartered's, Taiwan Semiconductor Manufacturing Co, Apple Inc, Thomson Locations: Taipei, Taiwan, TAIPEI, United, China, United States, Europe, Ana Nicolaci da Costa
That would have the effect of letting Republicans avoid voting for a debt limit increase ahead of next year's congressional elections. After the House vote, McConnell and fellow Republican Senator Richard Shelby said they had introduced a bill to fund current government operations through Dec. 3, but without raising the debt limit. Democrats have resisted doing that so far, saying the vote to raise the debt limit should be a bipartisan one. The Treasury Department will some time in October exhaust its borrowing authority unless the debt limit is raised. Republicans said they would support a temporary spending bill to avert a shutdown if the debt limit extension were stripped out of the bill.
Persons: Jonathan Ernst WASHINGTON, Nancy Pelosi, Chuck Schumer, Mitch McConnell's, McConnell, Richard Shelby, Schumer, Pelosi, Joe Biden, They’re, Republican Steve Scalise, Donald Trump's, Richard Cowan, Susan Cornwell, David Morgan, Scott Malone, Kieran Murray, Peter Cooney Organizations: Capitol, J6, REUTERS, Republicans, Senate, White, Democratic, Treasury Department, Democrats, Social Security, Republican, Thomson Locations: Washington , U.S, America, U.S
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
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
"I'm not going to talk about the tactics we'll deploy today," Patton said at a media briefing in Melbourne, the state capital. read moreSydney and Melbourne, Australia's largest cities, as well as the capital Canberra have been in lockdown for weeks to contain a Delta outbreak. Melbourne is in its sixth lockdown, the most of any Australian city since the pandemic began. Authorities are aiming for a staggered reopening in Sydney and Melbourne, easing some curbs when the adult population reaches 70% fully vaccinated, expected next month. A City of Sydney spokesperson said they want to limit the "mixing of crowds" between the two separate events.
Persons: Sandra Sanders SYDNEY, Shane Patton, I'm, Patton, Rick Nugent, Australia's, Renju Jose, Cynthia Osterman, Richard Pullin Organizations: REUTERS, Victoria State, Protesters, state's Police, Authorities, Thomson Locations: Victoria, Melbourne, Australia, Sydney, Australia's, Canberra, New South Wales
A placard of Christian Lindner, top candidate of the Free Democratic Party FDP is placed on a board for the September 26 German general elections in Bonn, Germany, September 20, 2021. REUTERS/Wolfgang RattayBERLIN, Sept 22 (Reuters) - Legalising cannabis is about the only thing Germany's Free Democrats (FDP) could easily agree with the centre-left Social Democrats and Greens, the FDP leader has said, sounding cool on the possibility of forming a so-called "traffic light" coalition. Lindner, whose party believes in tax cuts and legalising cannabis, said he was unsure what the Social Democrat's chancellor candidate, Olaf Scholz, stood for. Scholz's SPD saw its lead over Merkel's conservatives narrow in a poll published on Tuesday, pointing to a tightening race just five days before the election. Writing by Paul Carrel; editing by Richard PullinOur Standards: The Thomson Reuters Trust Principles.
Persons: Christian Lindner, Wolfgang Rattay BERLIN, Angela Merkel, Lindner, Olaf Scholz, I'm, Paul Carrel, Richard Pullin Organizations: Free Democratic Party FDP, REUTERS, Germany's Free Democrats, Social Democrats, Greens, Augsburger Allgemeine, Social, SPD, Thomson Locations: Bonn, Germany
Migration police detain a person suspected of belonging to an international network for migrant trafficking, in La Cruz, Costa Rica July 30, 2019. The network handled migrants from Asian and African countries and to a lesser extent people from Cuba, Haiti and Venezuela, according to the Costa Rican security ministry. Panamanian authorities carried out 35 raids and 21 arrests, while on Costa Rican soil 15 operations were reported in border municipalities and another 21 people were captured. An investigation that lasted more than a year revealed that the organization charged each migrant $14,000 to $25,000 to take them to the United States, said Costa Rican Security Minister Michael Soto. In Panama, police agents also confiscated three vehicles and a boat used to transport migrants, the Public Ministry said in a statement.
Persons: Michael Soto, Alvaro Murillo, Elida Moreno, Drazen Jorgic, Stephen Coates Organizations: of Public Security, REUTERS SAN JOSE, PANAMA CITY, Costa, Costa Rican Security, Public Ministry, Thomson Locations: La Cruz, Costa Rica, PANAMA, Panama, United States, Cuba, Haiti, Venezuela, Costa Rican, San Jose, Panama City
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
Manila City Vice Mayor Francisco Domagoso answers questions during a justice department hearing investigating last week's botched bus hijack rescue attempt in Manila September 4, 2010. Francisco Domagoso, 47, better known by his celebrity screen name Isko Moreno during an initial career in show business, is the third politician to declare a presidential bid, and is one of the leading candidates in opinion polls. "Accept my application as president of the Philippines," Domagoso to a news conference in a poor community in Manila. Domagoso, who grew up in the slums, was elected Manila mayor in 2019 after beating incumbent and deposed former President Joseph Estrada. In the Philippines, the president and vice president are elected separately.
Persons: Mayor Francisco Domagoso, Noel Celis, Francisco Domagoso, Isko Moreno, Domagoso, Joseph Estrada, Willie Ong, Ong, Panfilo Lacson, Manny Pacquiao, Rodrigo Duterte, Neil Jerome Morales, Ed Davies Organizations: Manila, Mayor, REUTERS, Thomson Locations: Manila, MANILA, Philippines
Men who work as miners talk to each other as they sit inside a gold mine in La Rinconada, the Andes, Peru, October 9, 2019. Leftist President Pedro Castillo wants to raise taxes on mining companies to fund social programs, but hasoffered few details since assuming office in July. Energy and Mines Minister Ivan Merino, speaking at the Perumin conference organized by mining corporations, said he wants to redraft Peru's "General Mining Law," the legal framework that regulates the sector. He added he also wants to revise the law that regulates the use of mining royalties, which go to the regional governments that host Peru's mines. He also reiterated that the government wants to see miners focusing on "social profitability," a concept several executives said they endorsed.
Persons: Pedro Castillo, Ivan Merino, Merino, Rag, Udd, Marcelo Rochabrun, Fabian Cambero, Aurora Ellis, Peter Cooney Organizations: REUTERS, Energy, Mines, Mining Law, BHP Group Ltd, Thomson Locations: La Rinconada, Andes, Peru, Doce, Americas, Santiago
Demonstrators play drums outside the Ministry Labour building, during a protest in demand of an increase in the minimum wage, welfare plans and jobs, during the spread of the coronavirus disease (COVID-19), in Buenos Aires, Argentina October 14, 2020. REUTERS/Agustin MarcarianBUENOS AIRES, Sept 21 (Reuters) - Argentina on Tuesday raised the country's minimum wage to 31,104 Argentine pesos ($316.51) a month starting in September, as persistent inflation eats away at purchasing power. In October, the minimum monthly wage will rise to 31,938 Argentine pesos, and then to 32,616 Argentine pesos in February 2022, the government said. Overall in 2021, the minimum wage will have risen 55.3%, Economy Minister Martin Guzman said on Twitter. The increase in the minimum wage is in line with inflation.
Persons: Agustin Marcarian, Martin Guzman, Alberto Fernandez, Walter Bianchi, Leslie Adler Organizations: Ministry Labour, REUTERS, Twitter, Thomson Locations: Buenos Aires, Argentina, Agustin Marcarian BUENOS AIRES
Their mission is to donate food and necessities to vulnerable people hard hit by the pandemic. Monk Pornchai Kabmalee, 28, came up with the idea a few months ago when he saw hardship in a community near his temple, Wat Siriphong Thamma Nimit. "I can say our truck basically has everything that a supermarket has," he said. The produce costs at least 50,000 baht ($1,498) per week, which the monks' say initially came from their own pockets. "When people are able to smile again, that's when I'll know that the mission has been accomplished," he said.
Persons: Monk Pornchai Kabmalee, I'm, Pornchai, Montri Boontheab, Martin Petty, Philippa Fletcher Organizations: REUTERS, Thomson Locations: Wat, Bangkok, Thailand, BANGKOK
An employee works at a packaging line for chicken vaccine at Ringpu Biotech in Tianjin, China, September 8, 2021. The robot's Tianjin-based maker has received tax breaks and government-guaranteed loans to build products that modernise China's vast factory sector and advance its technological expertise. The share of strategic industries in Tianjin's factory output will also rise to 40%, Yin said, from 26.1% last year. Additionally, the trade war with the United States and Washington's tech curbs exposed China's lack of high-tech know-how, hardening Beijing's resolve to speed up innovation. 'SENSE OF CRISIS'Manufacturing's share of China's GDP fell to 26.2% in 2020 from 32.5% in 2006, while the services sector has lifted its contribution to 54.5% from 41.8%, according to the World Bank.
Persons: Tingshu Wang, Ren Zhiyong, Ren, Yin Jihui, outlays, Yin, ACHILLES, Hongbin, Fu Xubin, Xinquan, Kevin Yao, Sam Holmes Organizations: Ringpu Biotech, REUTERS, Tianjin Langyu, Reuters, Tianjin Industry, Information Technology Bureau, Sino, HSBC, World Bank, Officials, Reuters Graphics, China Institute, WTO Studies, University of International Business, Thomson Locations: Tianjin, China, TIANJIN, China's, U.S, United States, Beijing
Delta variant clouds developing Asia's growth outlook - ADB
  + stars: | 2021-09-22 | by ( ) www.reuters.com   time to read: +3 min
Growth in developing Asia, which groups 46 countries in the Asia-Pacific, is projected to reach 7.1% this year, the ADB said in an update to its Asia Development Outlook report, down from its 7.2% forecast in July and 7.3% in April. While seeing a slight downgrade, this year's growth estimate is a turnaround from the region's 0.1% contraction last year. For 2022, the ADB kept its 5.4% growth forecast for developing Asia. "Developing Asia remains vulnerable to the COVID-19 pandemic, as new variants spark outbreaks, leading to renewed restrictions on mobility in some economies," ADB Acting Chief Economist Joseph Zveglich said in a statement. The ADB also maintained its growth outlook for India at 10.0% this year and 7.5% next year.
Persons: Wang, Joseph Zveglich, Abdul Abiad, Abiad, Zveglich, Karen Lema, Ed Davies Organizations: REUTERS, Asian Development Bank, ADB, Asia Development, European Union, HK, Thomson Locations: Tianjin, China, Wang MANILA, Asia, United States, India, Myanmar
A man wearing a protective mask walks past the headquarters of the Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020. REUTERS/Kim Kyung-Hoon/File PhotoTOKYO, Sept 22 (Reuters) - The Bank of Japan kept monetary policy steady on Wednesday but offered a bleaker view on exports and factory output, as Asian factory shutdowns caused supply-chain disruptions for some manufacturers. As widely expected, the BOJ maintained its short-term interest rate target at -0.1% and that for 10-year government bond yields around 0%. "Exports and factory output continue to increase, although they are partly affected by supply constraints," the central bank said in a statement announcing its policy decision. In July, the BOJ said exports and output continue to increase steadily.
Persons: Kim Kyung, Leika Kihara, Tetsushi Kajimoto, Daniel Leussink, Chang, Ran Kim Organizations: Bank of Japan, REUTERS, Thomson Locations: Tokyo, Japan
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
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