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ORLANDO, Fla., Sept 21 (Reuters) - Brazil’s central bank has put itself on the front line of the global battle against inflation, but its aggressive monetary tightening risks choking the economy. Unlike the U.S. Fed or European Central Bank which have blurred their inflation-targeting guidelines recently to give themselves greater policy flexibility, the Brazilian central bank’s framework is more rigid. The only question is whether the benchmark Selic rate will be raised by 100 basis points, as it was in August, or more. By some measures, real interest rates are not deeply negative, as the running assumption goes, but are actually among the highest among all major economies. The current Selic rate is 5.25% and its terminal rate could be closer to 10%.
Persons: Robin Brooks, Brooks, Jason Vieira, Brazil’s, Arminio Fraga, , Paulo Guedes Organizations: Reuters, U.S, Fed, European Central Bank, International Institute of Finance, Infinity Asset Management, Former, FOCUS, Economy Locations: ORLANDO, Fla, Brazilian, Washington, Sao Paulo, Brazil, Turkey, Argentina, Brazil’s
But fears of a meltdown at China Evergrande, which has $305 billion in debt, kept appetite for riskier assets in check. Heavyweight Hong Kong technology stocks fell, keeping an index of EM equities flat. With mainland markets closed for a holiday, the offshore Chinese yuan traded marginally higher after three days of losses. The onshore yuan is up almost 1% for the year versus a 0.4% rise in the broader EM currencies index . For GRAPHIC on emerging market FX performance in 2021, see tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2021, see tmsnrt.rs/2OusNdXFor TOP NEWS across emerging marketsFor CENTRAL EUROPE market report, seeFor TURKISH market report, seeFor RUSSIAN market report, see
Persons: Sinic, Jim Barrineau, , Barrineau, Jerome, Powell Organizations: HK, Schroder Investment Management, Sinic Holdings, U.S, CENTRAL Locations: Hong, Turkey, Russia, South Africa, Poland, China, Hong Kong, Asia, U.S . Federal, Lebanon
Currency, commodity and bond markets steadied, but overall demand for riskier assets remained low especially as the Federal Reserve is expected to step closer to tapering on Wednesday. China’s yuan steadied in offshore trade to recoup some of the losses that sent it to a three-week low on Monday. Evergrande shares fell 4% as focus there shifts to Thursday when the company is due to make bond interest payments. The 10-year U.S. Treasury yield crept up to 1.3277%, with moves capped as markets have an eye to the Fed. Investors are looking for the tapering timeline on its bond purchases as well as its board members’ long-term rates and economic projections.
Persons: Seng, , Dave Wang, Evergrande, George Boubouras, , Lehman, Jarrod Kerr, cryptocurrencies Organizations: Nikkei, SINGAPORE, midsession, Japan’s Nikkei, Federal Reserve, Nuvest Capital, BHP, Rio Tinto, K2 Asset Management, Treasury, Fed Locations: China, Asia, Singapore, China’s, Rio, Melbourne, Hong Kong, Brazil, Britain, Hungary, Indonesia, Japan, Norway, Philippines, South Africa, Sweden, Switzerland, Taiwan, Turkey
An investor sits in front of a board showing stock information at a brokerage office in Beijing, China, December 7, 2018. Asian markets were jittery in volumes thinned by public holidays in China, Taiwan and South Korea. Markets in mainland China and Taiwan were still closed on Tuesday while Korean markets remain shut through Wednesday. In the currency market, traders took solace after Hong Kong's stock markets stabilised. The yuan recovered most of its Monday drop to trade at 6.4700 per dollar.
Persons: Thomas Peter, Seng, Masahiro Ichikawa, Fortescue, Evergrande's wobbles, John Milroy, Ord Minnett, Hong, cryptocurrencies, Tom Westbrook, Shri Navaratnam, Ana Nicolaci da Organizations: REUTERS, Nikkei, TOKYO, Japan's Nikkei, HK, Sumitomo Mitsui DS Asset Management, Rio Tinto, Fortescue Metals, Treasury, U.S, U.S . Federal, Thomson Locations: Beijing, China, SYDNEY, Taiwan, South Korea, Hong Kong, Rio, U.S ., Brazil, Britain, Hungary, Indonesia, Japan, Norway, Philippines, South Africa, Sweden, Switzerland, Turkey, Asia, Ana Nicolaci da Costa
Both bonds would default if Evergrande fails to settle the interest within 30 days of the scheduled payment dates. Japan’s Nikkei fell 2.0%, resuming trade after a market holiday on Monday while MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.2%. MSCI’s ACWI shed 0.13%, a day after the gauge of the world’s 50 stock markets lost 1.63%, its biggest decline in two months, and leaving it teetering at its lowest level in two months. Nasdaq Golden Dragon China index of U.S.-listed Chinese shares tumbled 5.4% to edge near 15-month lows hit last month. Shares in Evergrande, which has been scrambling to raise funds to pay its many lenders, suppliers and investors, sank 10.2% on Monday.
Persons: Issei Kato, , Masahiro Ichikawa, ” Ichikawa Organizations: REUTERS, Japan’s Nikkei, Japan, Nasdaq, Regulators, Sumitomo Mitsui DS Asset Management, Investors, U.S, U.S . Federal Locations: TOKYO, China, Tokyo, Japan, Asia, Pacific, Taiwan, Evergrande, China’s, U.S ., Brazil, Britain, Hungary, Indonesia, Norway, Philippines, South Africa, Sweden, Switzerland, Turkey
An investor sits in front of a board showing stock information at a brokerage office in Beijing, China, December 7, 2018. Currency, commodity and bond markets steadied, but overall demand for riskier assets remained low especially as the Federal Reserve is expected to step closer to tapering on Wednesday. Evergrande (3333.HK) shares fell 4% as focus there shifts to Thursday when the company is due to make bond interest payments. The 10-year U.S. Treasury yield crept up to 1.3277%, with moves capped as markets have an eye to the Fed. Investors are looking for the tapering timeline on its bond purchases as well as its board members' long-term rates and economic projections.
Persons: Thomas Peter, Dave Wang, Evergrande, George Boubouras, Lehman, Jarrod Kerr, cryptocurrencies, Tom Westbrook, Shri Navaratnam, Ana Nicolaci da Organizations: REUTERS, Nikkei, SINGAPORE, midsession, Japan's Nikkei, Federal Reserve, Nuvest Capital, HK, Rio Tinto, K2 Asset Management, Treasury, Fed, Thomson Locations: Beijing, China, Asia, Singapore, China's, Rio, Melbourne, Hong Kong, Brazil, Britain, Hungary, Indonesia, Japan, Norway, Philippines, South Africa, Sweden, Switzerland, Taiwan, Turkey, Ana Nicolaci da Costa
The European Court of Human Rights ruled on Tuesday that Russia was responsible for the 2006 killing of Alexander V. Litvinenko, who was poisoned with a deadly toxin at a London hotel. The ruling concluded that the assassins were acting as “agents of the Russian state,” bolstering a separate inquiry by Britain that found “strong circumstantial evidence” that President Vladimir V. Putin of Russia and his spy chief at the time, Nikolai Patrushev, had approved an operation to kill Mr. Litvinenko, using a rare isotope, polonium 210. Mr. Litvinenko was a former colonel in the F.S.B., the domestic successor to the Soviet-era K.G.B., who fled Russia via Georgia and Turkey in 2000 to seek asylum in Britain, where he became a whistle-blower and a vitriolic critic of Mr. Putin. He died in November 2006, weeks after drinking green tea laced with polonium 210 at London’s Millennium Hotel.
Persons: Alexander V . Litvinenko, Vladimir V, Putin, Russia, Nikolai Patrushev, Mr, Litvinenko Organizations: European, of Human Locations: Russia, London, Russian, Britain, Georgia, Turkey
REUTERS/Ahmed YosriDUBAI, Sept 21 (Reuters) - Turkey is in talks with the United Arab Emirates over investment in its energy sector, Turkey's deputy energy minister said on Tuesday, after the sides called a truce on their bitter rivalry. read moreTurkish deputy energy minister Alparslan Bayraktar told reporters in Dubai on Tuesday there had been talks with the UAE about investment in Turkish energy projects. Further talks were expected on Wednesday, Bayraktar said, when he is to meet UAE energy minister Suhail Al Mazrouei. A UAE government official could not immediately be reached for comment on the Turkish official's remarks. An Emirati official told Reuters earlier this month the Gulf state could invest in Turkey's energy sector, among other areas.
Persons: Suhail Mohamed Al Mazrouei, Ahmed Yosri, Alparslan Bayraktar, Bayraktar, Suhail Al Mazrouei, Tayyip Erdogan, Mohammed bin Zayed Al Nahyan, Energy Saad Al Kaabi, Alexander Cornwell, Yousef Saba, Barbara Lewis Organizations: United, Emirates, Oil, REUTERS, United Arab Emirates, UAE, Reuters, Abu Dhabi Crown, Brotherhood, State, Energy, Dubai, Qatari, Doha, Thomson Locations: Riyadh, Saudi Arabia, Ahmed Yosri DUBAI, Turkey, UAE, Dubai, Abu Dhabi, Middle East, Qatar, Qatari, Egypt, Bahrain
Electricity pylons carrying power from Koeberg nuclear power plant are seen in Cape Town, South Africa July 11, 2018. REUTERS/Sumaya Hisham//File PhotoCAPE TOWN, Sept 21 (Reuters) - South African energy regulator Nersa has granted Turkey's Karpowership three licences to generate power on floating gas ships at ports, a company spokesperson said on Tuesday. The National Energy Regulator of South Africa (Nersa) confirmed in a statement that it had approved a total of seven power generation licences for preferred bidders, including three for Karpowership. Karpowership has faced numerous challenges since the South African government in March granted it the biggest share of a 2,000 megawatt emergency power tender to provide the cheapest and quickest option for electricity. Any delays in finalising the emergency power tender could prolong an energy crisis that has cost Africa's largest industrial nation billions of dollars in lost revenue due to regular electricity blackouts.
Persons: Sumaya Hisham, Nersa, Turkey's, Karpowership, Wendell Roelf, Barbara Lewis, Emelia Organizations: REUTERS, National Energy Regulator, Saudi, Department of Forestry, Fisheries, Environment, DNG Energy, Thomson Locations: Cape Town , South Africa, Africa, Richards Bay, Saldanha
'He wanted to die rather than go back': a year of migration
  + stars: | 2021-09-21 | by ( ) www.reuters.com   time to read: +7 min
Between 2018 and 2020, an average of between 290,000 and 340,000 children per year were born into a refugee life. Below is an overview of some of the struggles people leaving their homelands have faced this year so far. * Thousands of Hondurans, including many families with children, cross the border at El Florido to Guatemala, hoping to reach the United States. The central Mediterranean migration route from Sub-Saharan Africa to Italy is known as one of the world's deadliest. "He preferred to die, I have never heard someone as young as that boy say that, that he wanted to die rather than go back to Morocco," the solder said.
Persons: Go Nakamura, Joe Biden's, Rachid Mohamed, Alexander Lukashenko, Abdullah Al Badri, Joe Biden, Juliette Portala, Anna Rzhevkina, Veronica Snoj, Milla Nissi, Philippa Fletcher Organizations: REUTERS, European Union, Spain, Canaries, Ministry, EU, Reuters, U.S, Del, Thomson Locations: U.S, Rio Grande, Mexico, Ciudad Acuna, Bosnia, Afghanistan, Bihac, Croatia, El Florido, Guatemala, United States, Melilla, Spanish, Libyan, Saharan Africa, Italy, Honduras, El Salvador, Ceuta, Africa, Morocco, El, Europe, Poland, Lanzarote, Spain's Canary Islands, Lithuania, Belarus, Iran, Turkish, Turkey, France, Britain, Kuwait, London, Greece, Serbia, Bangladesh, Egypt, Syria, Tunisia, Trapani, Texas, Rio, Ciudad Acuña, Del Rio , Texas
Turkish President Tayyip Erdogan speaks during the 76th Session of the General Assembly at UN Headquarters in New York on September 21, 2021. Mary Altaffer/Pool via REUTERSISTANBUL, Sept 21 (Reuters) - President Tayyip Erdogan said on Tuesday that the Paris climate agreement would be presented to the Turkish parliament for approval next month, which would make it the last G20 country to ratify the deal. Speaking at the United Nations General Assembly, Erdogan said Turkey had not ratified the deal due to injustices regarding responsibilities. "We plan to present the Paris climate agreement to our parliament's approval next month in line with constructive steps that will be taken," Erdogan said. He added that Turkey aims to complete the approval process before the UN climate conference in November.
Persons: Tayyip Erdogan, Mary Altaffer, Erdogan, Ali Kucukgocmen, Leslie Adler, Dan Grebler Organizations: UN, REUTERS, United Nations General Assembly, Thomson Locations: New York, REUTERS ISTANBUL, Paris, Turkey
What Mr. Xi did not say at the General Assembly was anything about China’s coal plants at home. It is building the world’s largest fleet of coal-fired power plants within its borders, and most of its electricity still comes from coal. “We look forward to seeing commensurate action domestically on coal.”Burning coal is the largest source of carbon dioxide emissions. And over the past 20 years, more coal-burning power plants have been retired or shelved than have been commissioned. In India, existing coal plants are running far below capacity and losing money.
Persons: Xi, , Simon Stiell Organizations: General, United Nations, International Energy Agency Locations: Glasgow, India, South Africa, Turkey, Grenada, Bangladesh, Vietnam, United States
Live U.N. Live Updates: Biden Pledges to Work Toward ‘Peaceful, Prosperous Future For All’ Covid-19 and climate change are dominating the start of the General Assembly gathering. President Biden called for an era of international cooperation in tackling global threats in his first address to the United Nations General Assembly as president. “Our security, our prosperity and our very freedoms are interconnected, in my view as never before,” Mr. Biden said. The event is a major test of credibility for Mr. Biden, who was among the first to address the 193-member General Assembly. Many officials who had welcomed the election of President Biden — and his pledge that “America is back” — are now expressing concerns.
Persons: Biden, , We’ve, Doug Mills, , ” Mr, blindsided, Donald J, , Xi Jinping, Xi, General António Guterres, , ” “ We’re, Mr, we’ve, ” Michael D, David E, Sanger, Suhail Shaheen, Alexander Zemlianichenko, Afghanistan’s, Ghulam Isaczai, Stéphane, Guterres, Amir Khan Muttaqi, Muttaqi, Dujarric, Shah Mahmood Qureshi, Shaheen, Qureshi, Volkan, Bozkir, Rick Gladstone, Mark Schiefelbein, Simon Steill, António Guterres, Jake Schmidt, Ebrahim Raisi, Arash Khamooshi, Trump, President Biden, Raisi’s, Raisi, Hassan Rouhani, Hossein Amir Abdollahian, Russia —, Nanna Heitmann, Boris Johnson, Britain, Johnson, ” Abdulla Shahid, Biden’s, ” Mohamed Adow, ” Tina Stege, ” Somini Sengupta, David Dee Delgado, Jair Bolsonaro, Myriam Marques, Iran’s, Ayatollah Ali Khamenei, Khalil Khani, Khani, Precious Fondren, Rodrigo Duterte, Spencer Platt, Duterte, Mary Altaffer, upended, Xi’s, Biden Doug Mills, Antonio Guterres, Eduardo Munoz Alvarez, Timothy A, Clary Xi Jinping, Jason Decrow, Ed Jones, livestream, laud, Richard Drew, Moon Jae, “ I’ve, Kim Nam, they’re, ’ U.N, General Says António Guterres, Peace, ” Unvaccinated, Bolsonaro, “ Boris, ” “, Stefan Jeremiah, Jantar, — Ministro Luiz Ramos, Luiz Ramos, Zuzana Caputova, Caputova, Emmanuel Macron, France, Ursula von der Leyen, Leon Neal, ” Thierry Breton, Breton, Biden —, they’ve, ” Charles Michel, Michel, ” Reinhard Bütikofer, isn’t, Eduardo Munoz, U.N, Vladimir V, Putin, Sergey V, Lavrov, Jean, Yves LeDrian, Kena, ” Kim Y, Royster Organizations: Assembly, United Nations General Assembly, United States, Credit, New York Times, United Nations, , Covid, West, Taliban, General, Reuters, General Assembly, Foreign Press Association, World Health Organization, Human Rights, Associated Press, Initiative, United, White, International Energy Agency, The United Nations, Natural Resources Defense Council, The New York Times, America, Mr, Organization for Economic Cooperation, Development, Glasgow, Marshall, ., New, Defend Democracy, Bridge, University of Tehran, Biden, The, United Nations Web, Associated, Agence France, BTS, , UNICEF, Generation, Solidarity, AstraZeneca, ” “ AstraZeneca, Oxford University, European Commission, Group, European Union, Atlantic Council, Australia, U.S, European Council, Monday, CNN, European, Democratic, Nations, New York Police Locations: United, Afghanistan, United Nations, States, China, Russia, United States, U.S, , Kabul, Doha, Qatar, Myanmar, Yangon, Turkish, Nations, Bangladesh, Kenya, Vietnam, Grenada, South Africa, India, Iran, Iraq, Syria, Vienna, Britain, France, Germany, Siberia, Glasgow, Paris, Maldives, Saudi Arabia, Brazil, Mexico, New York, New York City, Manhattan, Phoenix, , Philippines, Asia, Australia, Asia Pacific, The United States, Korean, South Korea, Ethiopia, Yemen, Portuguese, South America’s, Slovakia, Colombia, Iceland, New Zealand, Europe, Washington, America, European, Turkey, Poland, Democratic Republic of Congo, Midtown Manhattan, York, Midtown, East Midtown, City, Dominican Republic
U.N. General Assembly: Biden Pledges to Work Toward ‘Peaceful, Prosperous Future For All’ Covid-19 and climate change dominated the start of the General Assembly gathering. President Biden called for an era of international cooperation in tackling global threats in his first address to the United Nations General Assembly as president. The event is a major test of credibility for Mr. Biden, who was among the first to address the 193-member General Assembly. Image The seats reserved for Israel’s delegation sat empty as President Biden addressed the General Assembly on Tuesday. Image Security-related street closures are expected to turn Midtown Manhattan into a labyrinth as the General Assembly meets in person.
Persons: Biden, We’ve, Doug Mills, , ” Mr, blindsided, Donald J, , Xi Jinping, Xi, General António Guterres, , ” “ We’re, Mr, we’ve, ” Michael D, David E, Sanger, Suhail Shaheen, Alexander Zemlianichenko, Afghanistan’s, Ghulam Isaczai, Stéphane, Guterres, Amir Khan Muttaqi, Muttaqi, Bilal Karimi, Zabiullah Mujahid, Dujarric, Shah Mahmood Qureshi, Shaheen, Qureshi, Volkan, , Bozkir, Rick Gladstone, Mark Schiefelbein, Simon Steill, António Guterres, Jake Schmidt, Ebrahim Raisi, Arash Khamooshi, Trump, President Biden, Raisi’s, Raisi, Hassan Rouhani, Hossein Amir Abdollahian, Russia —, Nanna Heitmann, Boris Johnson, Britain, Johnson, ” Abdulla Shahid, Biden’s, ” Mohamed Adow, ” Tina Stege, ” Somini Sengupta, David Dee Delgado, Jair Bolsonaro, Myriam Marques, Iran’s, Ayatollah Ali Khamenei, Khalil Khani, Khani, Precious Fondren, Rodrigo Duterte, Spencer Platt, Duterte, Mary Altaffer, upended, Xi’s, Biden Doug Mills, Antonio Guterres, Eduardo Munoz Alvarez, Timothy A, Clary Xi Jinping, Jason Decrow, Ed Jones, livestream, laud, Richard Drew, Moon Jae, “ I’ve, Kim Nam, they’re, ’ U.N, General Says António Guterres, Peace, ” Unvaccinated, Bolsonaro, “ Boris, ” “, Stefan Jeremiah, Jantar, — Ministro Luiz Ramos, Luiz Ramos, Zuzana Caputova, Caputova, Emmanuel Macron, France, Ursula von der Leyen, Leon Neal, ” Thierry Breton, Breton, Biden —, they’ve, ” Charles Michel, Michel, ” Reinhard Bütikofer, isn’t, Eduardo Munoz, U.N, Vladimir V, Putin, Sergey V, Lavrov, Jean, Yves LeDrian, Kena, ” Kim Y, Royster Organizations: General Assembly, Assembly, United Nations General Assembly, United States, Credit, New York Times, United Nations, , Covid, West, Taliban, General, Reuters, Foreign Press Association, World Health Organization, Human Rights, Associated Press, Initiative, United, White, International Energy Agency, The United Nations, Natural Resources Defense Council, The New York Times, America, Mr, Organization for Economic Cooperation, Development, Glasgow, Marshall, ., New, Defend Democracy, Bridge, University of Tehran, Biden, The, United Nations Web, Associated, Agence France, BTS, , UNICEF, Generation, Solidarity, AstraZeneca, ” “ AstraZeneca, Oxford University, European Commission, Group, European Union, Atlantic Council, Australia, U.S, European Council, Monday, CNN, European, Democratic, Nations, New York Police Locations: United, Afghanistan, United Nations, States, China, Russia, United States, U.S, , Kabul, Doha, Qatar, Myanmar, Yangon, Turkish, Nations, Bangladesh, Kenya, Vietnam, Grenada, South Africa, India, Iran, Iraq, Syria, Vienna, Britain, France, Germany, Siberia, Glasgow, Paris, Maldives, Saudi Arabia, Brazil, Mexico, New York, New York City, Manhattan, Phoenix, , Philippines, Asia, Australia, Asia Pacific, The United States, Korean, South Korea, Ethiopia, Yemen, Portuguese, South America’s, Slovakia, Colombia, Iceland, New Zealand, Europe, Washington, America, European, Turkey, Poland, Democratic Republic of Congo, Midtown Manhattan, York, Midtown, East Midtown, City, Dominican Republic
Also hanging over emerging market assets were central bank meetings this week including Brazil and Turkey and widely- awaited clues on stimulus tapering from the U.S. Federal Reserve. Declines of between 0.2% and 0.8% for Latam currencies deepened pain for MSCI's index of EM currencies. Brazil's real stayed at four-week lows ahead of an expected 100 basis points interest rate cut on Wednesday. Shares in cash-strapped Evergrande hit decade lows, while property stocks in Hong Kong were also hit on Monday. Elsewhere, bonds in South Africa, Turkey, Sri Lanka, Costa Rica and El Salvador bonds were all hit.
Persons: Fernandez reshuffles, Susan Mathew Sept, China Evergrande, David Bahnsen, Alberto Fernandez, Susan Mathew, Alexander Smith Organizations: U.S . Federal, IHS, Paulo, Mexico IPC Locations: Asia, Brazil, Turkey, China, Hong Kong, South Africa, Sri Lanka, Costa Rica, El Salvador, Chile, Poland, Russia, Mexico, Argentine, Argentina, Colombia, Peru, Bengaluru
Shares in China Evergrande plummeted 12% after earlier losing as much as 19% to more than 11-year lows. The MSCI All Country World Index lost 0.5%, close to a one-month low and down further from record highs hit earlier this month. Investors were also keeping an eye on a dozen other central bank meetings in Japan, Indonesia, the Philippines, Taiwan, the UK, Switzerland, Sweden, Norway, Brazil, South Africa, Turkey and Hungary. The Norges Bank is expected to become the first G10 central bank to lift rates on Thursday. The U.S. dollar index was last at 93.363It was range bound on the yen at 109.88, while the euro was at its lowest in three-weeks at $1.1710 due to uncertainty ahead of Germany’s election.
Persons: China Evergrande, Jim Reid, ” Reid, Dow Jones, Treasuries, , Tapas Strickland, Isabel Schnabel, Brent Organizations: Deutsche, NAB, European Central Bank, ECB, Norges Bank, Lofty, U.S Locations: China, Hong Kong, Japan, South Korea, Asia, Canada, Germany, Singapore, Pacific, Australia, Indonesia, Philippines, Taiwan, Switzerland, Sweden, Norway, Brazil, South Africa, Turkey, Hungary, U.S . Gulf, Mexico
MSCI’s index of EM currencies fell xx% to hit a three-week low, with the South African rand’s xx% drop leading the pack. Asian currencies are expected to be impacted by a possible meltdown at Evergrande as investors rethink their bullish bets on the yuan. Following a bruising session in Asia, bourses in Turkey, Russia, South Africa , Poland and Saudi Arabia all slumped between 1.4% and 2.4%. Russian shares were set for the worst session in a month, and falling oil prices deepened the rouble’s losses. For GRAPHIC on emerging market FX performance in 2021, see tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2021, see tmsnrt.rs/2OusNdXFor TOP NEWS across emerging marketsFor CENTRAL EUROPE market report, seeFor TURKISH market report, seeFor RUSSIAN market report, see (Reporting by Susan Mathew in Bengaluru; Editing by Angus MacSwan)
Persons: Evergrande’s, , Cristian Maggio, Susan Mathew, Angus MacSwan Organizations: TD Securities, Fed, Gazprom, European Commission, CENTRAL Locations: Turkey, Hong Kong, China, United States, South Africa, South Korea, Asia, bourses, Russia, Poland, Saudi Arabia, United Russia, pula, Bengaluru
Holidays in Japan, China and South Korea kept trading thin, and politics added extra uncertainty with elections in Canada and Germany bookending the week. Shares of China Evergrande plummeted over 15% after earlier losing as much as 19% to over 11-year lows. The Hang Seng index shed 4%, while Singapore-traded FTSE China futures fell by just as much. MSCI’s broadest index of Asia-Pacific shares outside Japan slid 1.8% to its lowest since August 24, with Australia down sharply by 2%. “A flatter yield curve suggests some fears the Fed may overdo the eventual hiking cycle,” cautioned Tapas Strickland, a director of economics at NAB.
Persons: , , Shane Oliver, that’s, ” Dow Jones, Tapas Strickland, Brent Organizations: China Evergrande, AMP, NAB, Investors, Norges Bank Locations: China, Hong Kong, Japan, South Korea, Canada, Germany, Singapore, Asia, Pacific, Australia, Evergrande, Indonesia, Philippines, Taiwan, Switzerland, Sweden, Norway, Brazil, South Africa, Turkey, Hungary, U.S . Gulf, Mexico
Turkey's Central Bank headquarters is seen in Ankara, Turkey in this January 24, 2014 file photo. That makes it one of the highest policy rates in the world - although so too is Turkey's inflation rate, which touched 19.25% last month. On Sept. 1 conference calls with investors, Kavcioglu did not repeat a longstanding pledge to keep the policy rate above inflation. A self-described "enemy of interest rates", he ousted the last three central bank chiefs over a 20-month span due to policy disagreements. That should provide a window for at least one rate cut in the fourth quarter, most analysts say.
Persons: Umit, Erdogan, Tayyip Erdogan, Sahap, Kavcioglu, Derici Sengul, ERDOGAN, Goldman Sachs, Ricardo Reis, Kavcioglu's, Naci Agbal, Kieran Curtis, Ali Kucukgocmen, Marc Jones, Hugh Lawson Organizations: Turkey's Central Bank, Reuters, Institute of International Finance, Spinn Consulting, Societe Generale, Deutsche Bank, U.S . Federal, Analysts, London School of, Brookings Institute, Aberdeen Standard Investments, Thomson Locations: Ankara, Turkey, ISTANBUL, Istanbul, Europe, Aberdeen, London
FOREX-Dollar creeps higher as Fed's taper looms
  + stars: | 2021-09-20 | by ( Tom Westbrook | ) www.reuters.com   time to read: +4 min
The kiwi, at $0.7024, and sterling, at $1.3722, made three week lows as did the Aussie which fell 0.1% to $0.7253. "So it's quite possible that they go from forecasting no rate rises next year to at least one," he said. There is no expectation of policy shifts at the resolutely dovish Bank of Japan on Wednesday, but a day later Norway's Norges Bank is expected to becomes the first G10 central bank to lift rates. The Norwegian crown had slipped with oil prices and the rising dollar on Friday and last sat at a one-and-a-half-week low of 8.7154 per dollar. The yuan fell about 0.1% and through its 200-day moving average to 6.4770 per dollar.
Persons: Tom Westbrook, China Evergrande, Imre Speizer, Marshall, Justin Trudeau, Sam Holmes Organizations: Federal Reserve, Sterling, New, U.S, Westpac, Fed, Bank of England, dovish Bank of Japan, Norges Bank, RIC Locations: Tom Westbrook SINGAPORE, China, Japan, New Zealand, Switzerland, Sweden, Norway, Indonesia, Philippines, Taiwan, Brazil, South Africa, Turkey, Hungary, Canada, Germany, Norwegian, Tokyo
Asia stocks on the skids, HK hits 11-month low
  + stars: | 2021-09-20 | by ( Wayne Cole | ) www.reuters.com   time to read: +3 min
FILE PHOTO: A man looks at a board showing stock prices outside a brokerage in Tokyo, Japan, January 6, 2020. REUTERS/Kim Kyung-HoonHolidays in Japan, China and South Korea made for thin conditions, and politics added extra uncertainty with elections in Canada and Germany bookending the week. MSCI’s broadest index of Asia-Pacific shares outside Japan slid another 1.4%, after shedding 2.5% last week, with Australia down 1.5%. It was range bound on the yen at 109.96, while the euro was near its lowest in three weeks at $1.1717 in part on uncertainty ahead of Germany’s election this weekend. The firmer dollar weighed on gold, which was pinned at $1,749 an ounceafter losing 1.9% last week.
Persons: Kim Kyung, , Tapas Strickland, , Brent Organizations: SYDNEY, Federal, REUTERS, Japan, Japan’s Nikkei, Nasdaq, NAB, Norges Bank, Higher Locations: Tokyo, Japan, China, South Korea, Canada, Germany, Hong Kong, Asia, Pacific, Australia, EU, Switzerland, Sweden, Norway, Indonesia, Philippines, Taiwan, Brazil, South Africa, Turkey, Hungary, U.S . Gulf of Mexico
(Reuters) - World shares skidded and the dollar firmed on Monday ahead of a week packed with global central bank meetings, while debt troubles at property group China Evergrande dragged Hong Kong stocks towards to a one-year low. Holidays in Japan, China and South Korea meant trading was thin in Asia, while politics added extra uncertainty with elections in Canada and Germany bookending the week. Shares in China Evergrande plummeted 12% after earlier losing as much as 19% to more than 11-year lows. The MSCI All Country World Index lost 0.5%, close to a one-month low and down further from record highs hitearlier this month. The Norges Bank is expected to become the first G10 central bank to lift rates on Thursday.
Persons: China Evergrande, Kim Kyung, Jim Reid, ” Reid, Dow Jones, Treasuries, , Tapas Strickland, Isabel Schnabel, Brent Organizations: Reuters, REUTERS, Deutsche, NAB, European Central Bank, ECB, Norges Bank, Lofty, U.S Locations: China, Hong Kong, Tokyo, Japan, South Korea, Asia, Canada, Germany, Singapore, Pacific, Australia, Indonesia, Philippines, Taiwan, Switzerland, Sweden, Norway, Brazil, South Africa, Turkey, Hungary, U.S . Gulf, Mexico
FILE PHOTO: A man looks at a board showing stock prices outside a brokerage in Tokyo, Japan, January 6, 2020. Holidays in Japan, China and South Korea meant trading was thin in Asia, while politics added extra uncertainty with elections in Canada and Germany bookending the week. Shares in China Evergrande plummeted 10.2% after earlier losing as much as 19% to more than 11-year lows. For a graphic on China CDS:Surging gas prices, and the potential feed through to inflation, provided another headache for traders. Gold prices hit a more than five-week low, before recovering to trade up 0.2% at $1,757 an ounce.
Persons: Kim Kyung, Larry Brainard, Jon Harrison, ringfence, Dow Jones, Treasuries, , Tapas Strickland, Isabel Schnabel, Brent Organizations: Reuters, REUTERS, IHS, China CDS, NAB, European Central Bank, ECB, Investors, Norges Bank, Lofty, U.S Locations: China, Tokyo, Japan, South Korea, Asia, Canada, Germany, China Evergrande, Pacific, Australia, Beijing, Friday’s, Brazil, Turkey, Britain, Indonesia, Philippines, Taiwan, Switzerland, Sweden, Norway, South Africa, Hungary, U.S . Gulf, Mexico
FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. Investors moved into safe havens, with U.S. Treasury yields gaining in price, pulling down yields, and gold rising. Shares in Evergrande, which has been scrambling to raise funds to pay its many lenders, suppliers and investors, closed down 10.2% at HK$2.28. Regulators have warned that its $305 billion of liabilities could spark broader risks to China’s financial system if its debts are not stabilized. U.S. crude fell 1.6% to $70.82 per barrel and Brent was at $74.41, down 1.23% on the day.
Persons: Andrew Kelly MSCI’s, Paul Nolte, ‘ Lehman, , Brent Organizations: Reuters, Wall, New York Stock Exchange, REUTERS, Investors, U.S, Treasury, HK, Regulators, Kingsview Investment Management, Dow Jones, Nasdaq, U.S . Federal Locations: China, New York City , New York, U.S, Evergrande, Chicago, Brazil, Britain, Hungary, Indonesia, Japan, Norway, Philippines, South Africa, Sweden, Switzerland, Taiwan, Turkey, Gulf
Signage is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 4, 2021. Investors moved into safe havens, with U.S. Treasuries gaining in price, pulling down yields, and gold rising. Shares in Evergrande, which has been scrambling to raise funds to pay its many lenders, suppliers and investors, closed down 10.2% at HK$2.28. “Investors are concerned that the Evergrande issue is going represent a domino,” said Jack Ablin, chief investment officer at Cresset Capital Management. Graphic: China CDS -Worries over Evergrande follow a pullback in equities recently as investors worry over the impact of coronavirus cases on the economy, and when central banks will ease back on monetary stimulus.
Persons: Andrew Kelly MSCI’s, , Jack Ablin, Joe Manimbo, Brent Organizations: Reuters, New York Stock Exchange, REUTERS, Investors, U.S, Treasuries, HK, Regulators, Cresset Capital Management, , Dow Jones, Nasdaq, China CDS, U.S . Federal, Western Union Business Solutions Locations: China, Manhattan , New York City, U.S, Evergrande, Brazil, Britain, Hungary, Indonesia, Japan, Norway, Philippines, South Africa, Sweden, Switzerland, Taiwan, Turkey, Washington , DC, Gulf
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