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☆ Positioning is still too negative in equities, says Morgan Stanley's Andrew Slimmon
▼ + stars: | 2023-09-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPositioning is still too negative in equities, says Morgan Stanley's Andrew SlimmonAndrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management, joins 'Squawk Box' to discuss how Slimmon would consider August's equity market performance, Slimmon's thoughts on the markets next year, and more.

Persons: Morgan Stanley's Andrew Slimmon Andrew Slimmon Organizations: Morgan Stanley Investment Management

☆ At Telluride, the Performances Speak Volumes Even if the Actors Can’t
▼ + stars: | 2023-09-05 | by ( Lisa Kennedy | ) www.nytimes.com time to read: +2 min

Over a holiday weekend dedicated to labor, this year’s Telluride Film Festival attendees couldn’t help being reminded of striking workers: the members of SAG-AFTRA, the television and film actors’ union currently in a standoff with the Hollywood studios. Vivid, intimate or both, the variety and quality of these performances made awards talk unavoidable. (Bill Pence and Luddy died after long illnesses in the last year.) Witness Netflix’s push on behalf of “Nyad” and “Rustin.” Together with the overlapping Venice Film Festival, it remains the gateway into awards season. In a long-ago interview, the director Mike Nichols cautioned a nascent film reviewer to not mistake the dancer for the dance.

Persons: Andrew Scott’s, Emma Stone’s, Paul Giamatti’s, ” Colman, Bayard Rustin, “ Rustin ”, García, ”, Annette Bening, Jodie Foster’s, Leonie Benesch’s, Tom Luddy, James Card, Bill, Stella Pence, Bill Pence, Luddy, “, “ Rustin, Mike Nichols Organizations: Telluride Film, SAG, Hollywood, Lucha Libre, Academy Locations: Telluride, “, Venice

☆ Trump's Top 5 defenses in his massive NY financial fraud case, in his own words
▼ + stars: | 2023-09-03 | by ( Laura Italiano | ) www.businessinsider.com time to read: +17 min

AdvertisementAdvertisementHere are Trump's top five business fraud defenses – in his own words – as revealed in a recently-unsealed deposition transcript. New York attorney general's officeTrying to pass the blame won't work, two attorneys who used to work for previous New York attorneys general told Insider. And you're suing them instead of going after violent criminals," he scolded the attorney general and her lawyers. Then there's the $250 million Trump allegedly pocketed by lying about the size of his collateral. 3: his math is "worthless"At the center of the attorney general's case are a decade's worth of Trump's Statements of Financial Condition.

Persons: Trump, Donald Trump, Letitia James, James, Andrew S, Amer, Kevin C, Wallace, Brittainy Newman, Eric, I've, Mazars, We're, I'm, general's, Kenneth Foard McCallion, Tristan Snell, –, Susan Watts, they'd, Snell, McCallion, Donald Trump's, Laura Italiano, Kathy Willens, Jennifer S, Altman, Carlo Allegri, John Minchillo, Drew Angerer, George Washington, Jack Nicklaus, Tom Watson, He's Organizations: Trump Org, Service, York, New York State, New York, AP Trump, Trump Organization, New, Trump University, Trump, Deutsche Bank, NY Daily, Getty, Associated Press Deutsche Bank, McCallion, Associates, Washington, MSNBC, Reuters, U.S, Marriott Marquis Locations: NY, Wall, Silicon, Manhattan, New York, Trump's, Trump Tower, Manhattan , NY, . New York, Trump, New York City, Springs, Westchester County , New York, Mount Kisco, N.Y, Washington ,, Miami

☆ Sainz fastest for Ferrari on his birthday at Monza
▼ + stars: | 2023-09-01 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

SummaryCompanies Verstappen fastest in first session, Sainz top overallFerrari's Sainz celebrating 29th birthdayPerez brings out red flags at ParabolicaVerstappen chasing record 10th win in a rowMONZA, Italy, Sept 1 (Reuters) - Ferrari's Carlos Sainz celebrated his 29th birthday and kept the home crowd happy with the fastest lap in practice for the Italian Grand Prix on Friday after Formula One leader Max Verstappen set the early pace. The Spaniard lapped Monza's 'Temple of Speed' with a best time of one minute 21.355 seconds with McLaren's Lando Norris second and 0.019 slower in a second session that was twice red-flagged. Red Bull's Verstappen was top of the first session, in 1:22.657, ahead of a weekend that could secure him a record 10th win in a row. Sainz was second fastest in that opening practice. Red Bull, Ferrari and Mercedes used only hard tyres during the opening session.

Persons: Sainz, Ferrari's Sainz, Perez, Verstappen, Ferrari's Carlos Sainz, Max Verstappen, McLaren's Lando Norris, Bull's Verstappen, Gianpiero Lambiase, Sergio Perez, Ferrari's Charles Leclerc, McLaren's Oscar Piastri, Leclerc, Sebastian Vettel, Red Bull, Lewis Hamilton, It's, we've, Mercedes, Andrew Shovlin, Bull, Russell, Liam Lawson, Daniel Ricciardo, Felipe Drugovich, Lance, Aston Martin, Alan Baldwin, Toby Davis, Ken Ferris Organizations: Speed, Monza, Briton, Mercedes, Ferrari, New, Aston, Ascari, Thomson Locations: MONZA, Italy

☆ September is the cruelest month for stocks. Pros share their trading tips — and what to buy
▼ + stars: | 2023-09-01 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

The pros share their expectations and tips for how investors can trade in the month ahead. The volatility isn't over The "potential bite" of aggressive Fed policy could lead to more volatility, said Richard Saperstein, chief investment officer at investment firm Treasury Partners, in a Tuesday note. Avoid tech — but not completely Avoid mega-cap tech stocks such as the "Magnificent Seven" now, the pros said, referring to Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla — tech stocks that have made massive gains this year. "Big tech stocks have run and valuations are richer than they have been. Dave Sekera, chief U.S. market strategist at Morningstar, said on Thursday that not all tech stocks are overvalued.

Persons: Richard Saperstein, Ben Kirby, CNBC's, Carol Schleif, George Ball, Sanders Morris Harris, Schleif, Ball, it's, Dave Sekera, Kirby, Thornburg, Morgan Stanley, Andrew Slimmon Organizations: U.S . Federal Reserve, Treasury Partners, Thornburg Investment Management, BMO Family Office, Apple, Microsoft, Nvidia, Tesla, Big Tech, Morningstar, Autodesk, Software, Teladoc, CNBC, CME, Hyatt Hotels, Hotels, Resorts, Hilton Hotels, Morgan, Morgan Stanley Investment, United Rentals Locations: U.S, China, Argentine

☆ Morgan Stanley's Slimmon says the S&P 500 will near 5,000 by year-end — and names 3 stocks to buy
▼ + stars: | 2023-08-30 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Morgan Stanley Investment Management's Andrew Slimmon believes markets are set for a "strong rally" by the end of the year. He told CNBC's " Street Signs Asia " on Tuesday that he believes the S & P 500 will be "closer" to 5,000 by then. Stock picks Slimmon is positive on three stocks to buy right now: Alphabet , industrial equipment rental firm United Rentals , and building materials firm CRH . As for United Rentals and CRH, Slimmon said they're set to benefit from the increased spending on public works. Analysts covering United Rentals and CRH give them potential average upside of 10% and nearly 18%, respectively, according to FactSet.

Persons: Morgan Stanley, Andrew Slimmon, CNBC's, Slimmon, It's, haven't, Stock, they've, they're, –, — CNBC's Michael Bloom Organizations: Morgan Stanley Investment, United Rentals, Apple, Microsoft, Nvidia, Tesla Locations: Monday's

☆ Why the S&P 500 could rally another 11% by year-end, according to a Morgan Stanley senior portfolio manager
▼ + stars: | 2023-08-30 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +3 min

Despite a downbeat August, the S&P 500 index is still boasting impressive year-to-date gains. The benchmark stock-market gauge is up over 17% so far in 2023, and one expert sees it climbing even higher. Morgan Stanley's Andrew Slimmon sees the S&P 500 nearing 5,000 by year-end – what would be an 11% rise. Despite their already-high valuations, Slimmon sees further room to run. Nvidia in particular is one of the biggest success stories of 2023, with its share price soaring by 234% year-to-date.

Persons: Morgan Stanley's Andrew Slimmon, Andrew Slimmon, CNBC's, Slimmon, they're, – Organizations: Service, Morgan Stanley Investment Management, Apple, Microsoft, Nvidia, Tesla Locations: Wall, Silicon

☆ CNBC Daily Open: Nvidia’s record close juiced the Nasdaq
▼ + stars: | 2023-08-30 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets poppedU.S. stocks had a great Tuesday, with the S&P 500 and Nasdaq Composite advancing more than 1% each. Nvidia's record closeNvidia shares popped 4.16% Tuesday to close at a record of $487.84. Here's why Slimmon thinks stocks will rise despite struggling in August — and the three stocks to buy to ride on the wave.

Persons: Australia's, David, Susan Schwartz, Bitcoin, Morgan Stanley, Andrew Slimmon Organizations: CNBC, Nasdaq, Nvidia, Google, Costco, Securities and Exchange Commission, Fidelity, Morgan, Morgan Stanley Investment Locations: Asia, BlackRock, Coinbase, —

☆ For Migrating Birds, It’s the Flight of Their Lives
▼ + stars: | 2023-08-29 | by ( Emily Anthes | ) www.nytimes.com time to read: +17 min

Simone NoronhaFor Migrating Birds, It’s the Flight of Their Lives Leer en españolAmerica’s birds are in trouble. If migrating birds lose their winter refuges, the consequences will ripple across the hemisphere. MissouriMissouri provides breeding habitats for many grassland bird species, which have been faring especially poorly in recent decades. “This is a classic Pacific Northwest to west Mexico species,” Mr. Jiang said. The birds breed at marshes and wetlands across the Western United States and Canada.

Persons: Simone Noronha, “, ”, Viviana Ruiz, Gutierrez, Jeremy Radachowsky, Ken Rosenberg, Deb Hahn, Hahn, Anna Lello, Smith, Sarah Kendrick, Nick Bayly, That’s, Andrew Stillman, Archie Jiang, Mr, Jiang, Dr, Stillman, Camila Gómez, ” Dr, Ruiz Organizations: Center, Avian, Cornell, of Ornithology, Wildlife Conservation Society, Partners, New, New York Metro Area, UNITED STATES, BERMUDA BAHAMAS MEXICO Maya, PERU Moderate, Forest, Association of Fish & Wildlife Agencies, Southern Wings, The, Central, Mesoamerican Alliance for People, Forests Initiative, Forests Initiative . Missouri, CANADA UNITED STATES, BERMUDA CUBA MEXICO VENEZUELA COSTA RICA BRAZIL, U.S . Fish, Wildlife Service, Missouri Department of Conservation, Colorado Colorado, CANADA, ARGENTINA CANADA Colo, U.S, Bird Conservancy, Rockies, , Cornell Atkinson Center for Sustainability, UNITED STATES Calif, Western Locations: North America, United States, Canada, Costa Rican, Caribbean, U.S, eBird, New York, BERMUDA BAHAMAS MEXICO, BRAZIL, PERU, CHILE, ARGENTINA, PERU Moderate CHILE, Forest BRAZIL, CHILE ARGENTINA, Forest BRAZIL PERU, New York City, Bahamas, The New York, Mexico, Guatemala, Belize, Central America, Central American, Forests Initiative ., Forests Initiative . Missouri Missouri, South America, BERMUDA MEXICO VENEZUELA COSTA RICA, Missouri, BERMUDA MEXICO VENEZUELA COSTA RICA BRAZIL, BERMUDA CUBA MEXICO VENEZUELA COSTA RICA, BERMUDA CUBA MEXICO VENEZUELA COSTA RICA BRAZIL PERU, Venezuela, Argentina, Cuba, Central, South, SELVA, Colombia, Costa Rica, Plains, UNITED STATES MEXICO ECUADOR, Colorado, UNITED STATES Colo, MEXICO ECUADOR BRAZIL, Northern Mexico, Texas, California, West Coast, Alaska, Pacific, MEXICO, URUGUAY ARGENTINA Alaska, Salt, CHILE URUGUAY ARGENTINA Alaska, BRAZIL PERU BOLIVIA, URUGUAY ARGENTINA, Sierra Nevada, Chile, Western United States

☆ How does Storm Idalia compare to the most powerful hurricanes in US history?
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +4 min

Here is a list of some of the most powerful hurricanes to hit the mainland U.S. based on minimum atmospheric pressure, which scientists use to rate storm intensity. A lower pressure, measured in millibars, or mb, means a more powerful storm. UNNAMED FLORIDA KEYS HURRICANE, LABOR DAY 1935 (892 MB)The hurricane struck the Florida Keys as a Category 5 storm, the highest ranking on the five-step Saffir-Simpson scale. After ravaging the Keys, the storm moved north off the western coast of Florida before turning inland. Ian almost hit as a Category 5 storm, with the wind speed falling just short of the threshold of 157 mph (252 km).

Persons: Ian, Marco Bello, Idalia, Florida . HURRICANE CAMILLE, Camille, MICHAEL, Michael, HURRICANE KATRINA, HURRICANE ANDREW, Andrew, HURRICANE IAN, Hurricane Ian, Rich McKay, Marguerita Choy Organizations: REUTERS, National Hurricane Center, Florida Panhandle, U.S, HURRICANE, Texas Gulf, Hurricane, Thomson Locations: Fort Myers Beach , Florida, U.S, Florida, Florida , Georgia, Carolinas, FLORIDA, Florida . HURRICANE, Mississippi's Gulf, Central America, HURRICANE, New Orleans, South Miami, Dade County, TEXAS GULF, Texas, Texas Gulf Coast, Indianola, Galveston, Atlanta

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Organizations: Wall Street

REUTERS/Lucy Nicholson/File Photo Acquire Licensing RightsBEIJING, Aug 23 (Reuters) - Oil prices ticked up in Asian trade on Wednesday, as markets weighed weak demand indicators from top importer China and the prospect of further U.S. rate hikes against potential supply tightness. "Concerns over higher interest rates and sluggish demand in China are expected to outweigh tightening supply from OPEC+ in the short term." China, the world's second-largest economy, is considered crucial to shoring up oil demand over the rest of the year. That was a slightly smaller draw than a drop of 2.9 million barrels analysts expected in a Reuters poll. "Following the massive draw of 6.2 million barrels a week earlier, overall supplies conditions still lean on the tighter end," said Jun Rong Yeap, a market strategist at IG in Singapore.

Persons: Lucy Nicholson, Brent, Jackson, Hiroyuki Kikukawa, Rong Yeap, Yuka Obayashi, Andrew Hayley, Sonali Paul, Clarence Fernandez Organizations: REUTERS, Rights, China, West Texas, Federal Reserve, European Central Bank, Bank of England, Bank of Japan, U.S . Federal, NS, Nissan Securities, Organization of, Petroleum, American Petroleum Institute, IG, Energy Information Administration, Thomson Locations: Bakersfield , California, Rights BEIJING, Jackson Hole , Wyoming, China, Saudi Arabia, Russia, OPEC, United States, Singapore, U.S, Tokyo, Beijing

☆ The minds behind JPMorgan's AI-driven ETF share the high-yielding strategy that's helped it beat 94% of its human-powered peers this year — and the 7 investments they're making now
▼ + stars: | 2023-08-22 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) is dominating the competition. Of course, Reiner and his colleagues, Eric Moreau and Andrew Stern, aren't complaining about their fund's 22.6% rise in 2023. It's hard to poke holes in JPMorgan's growth-focused income ETF. JPMorgan's income-focused ETF uses an AI model that gathers and sorts through a treasure trove of information, especially financial statements, to help find suitable investments. Other than putting a premium on income and using AI to find standout stocks, a pair of traits that make JPMorgan's income ETF sing are its transparency and its liquidity.

Persons: Hamilton Reiner, Reiner, Eric Moreau, Andrew Stern, aren't, what's, it'll, Morningstar, —, I'm, Moreau, Stern didn't, they've, Bonds, — it's, it's, Moreau spotlighted, he's Organizations: JPMorgan Nasdaq Equity, Nasdaq, JPMorgan, NXP Semiconductors, NextEra Energy, NextEra Locations: Netherlands, Florida

☆ Southwest passenger's video shows plane's engine spitting out flames mid-flight
▼ + stars: | 2023-08-18 | by ( Sawdah Bhaimiya | Rebecca Cohen | ) www.businessinsider.com time to read: +3 min

A Southwest Airlines plane left a trail of flames in the sky after taking off from Houston, Texas. One passenger said he could see "fireballs shooting out" of the engine from his window. A Southwest Airlines plane was seen on fire in the sky shortly after takeoff from Houston, Texas, video shows. "Southwest Flight #307 from Houston Hobby (HOU) to Cancun (CUN) returned to the airport on Tuesday night after experiencing a mechanical issue shortly after takeoff," a spokesperson for Southwest Airlines told Insider in a statement. Kalisek and his girlfriend were shaken by the incident and decided not to take the other flight to Cancun, KHOU reported.

Persons: Ricardo Garcia, Andrew Sandino, HOU, Coale Kalisek, Kalisek, … I've, KHOU, I'm, It's Organizations: Southwest Airlines, Houston's Hobby, Twitter, NBC News, Houston Hobby Locations: Houston , Texas, Cancun, CUN, San Antonio, KHOU

☆ This software stock can rally more than 30% after a post-earnings retreat, TD Cowen says
▼ + stars: | 2023-08-18 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Datadog is a strong company at an attractive entry point following a recent pullback, according to TD Cowen. Analyst Andrew Sherman initiated coverage of the software stock at outperform. "Our checks were highly bullish and we think DDOG is in the best position to consolidate spend from other tools." At this point, he said the stock is at a highly attractive entry point, especially as investors begin to look to performance in 2025. DDOG .IXIC YTD mountain Datadog vs. the Nasdaq Composite, year to date — CNBC's Michael Bloom contributed to this report

Persons: TD Cowen, Andrew Sherman, Sherman, Datadog, Michael Bloom Organizations: Nasdaq

With equipment idling as construction slows and dwindling exports curb manufacturing, diesel demand is likely to ebb. Rystad Energy lowered its forecast for China's diesel demand for July to December this year to 3.81 million barrels per day (bpd) from an earlier outlook of 3.9 million bpd, though the new forecast is up 3.8% from the first half of 2023. "Diesel demand is still growing, but at a lower-than-expected rate," said Lin Ye, a Beijing-based downstream analyst at Rystad, citing the ailing property sector and deteriorating trade environment. An uptick in Chinese diesel demand earlier this year, driven by resurgent road freight transport in the first quarter, has lost momentum. August diesel exports are estimated at 650,000 to 800,000 tons, down from July's estimate of 1 million tons, data compiled by consultancy Longzhong and China-based trading analysts showed.

Persons: Aly, Lin Ye, Xia Shiqing, Wood Mackenzie, Mia Geng, Andrew Hayley, Trixie Yap, Christian Schmollinger Organizations: REUTERS, Rights, Energy, International Energy Agency, IEA, Reuters, Reuters Graphics Reuters, Reuters Graphics, Thomson Locations: Huangpu, Shanghai, China, Rights BEIJING, Beijing, Asia, Longzhong, Singapore

Xinhua/Shutterstock‘Absolutely safe’As heavy rains moved toward the region in late July, China’s top flood control officials met to hash out their response plan. The flood was caused by flood water discharge, not by heavy rainfall.”CNN has reached out to the Zhuozhou and Bazhou governments for comment. Rescuers use rubber boats to transfer Zhuozhou residents trapped by flood waters after days of downpours brought by Typhoon Doksuri on August 2. In the recent rains, at least three upstream reservoirs released flood waters into rivers flowing into Baiyingdian from the west and the south, according to state media. Many countries have systems that involve discharging pent up flood waters into otherwise dry land after major storms.

Persons: Xi Jinping, Xi’s, ”, It’s, Xiong’an, Jade Gao, Ni Yuefeng, downpours, Typhoon Doksuri, Zhai Jujia, Li Guoying, Hongzhang Xu, Xiao, Li Na, Zhu Xudong, it’s, Xiong’an –, Xu, Baiyangdian Lake, Kevin Frayer, “, Meili Feng, Simon Song, Deng Xiaoping, Jiang Zemin, Xu Kuangdi, Yi Haifei, Andrew Stokols Organizations: CNN, Xinhua, Getty, Censors, China News Service, China’s, Water, Australian National University, Authorities, China’s Ministry of Water Resources, Hebei Provincial Department of Water Resources, Geographical Sciences, University of Nottingham, Shanghai’s Pudong New, Chinese Academy of Sciences, Urban Computing Center Locations: Beijing, China, Hebei, Xiong’an’s, Xiong'an, Zhuozhou, AFP, Bazhou, Xiong’an, Tianjin, ”, Xinhua, Baiyingdian, Baiyangdian, Mississippi, University of Nottingham Ningbo, “, Hebei province, Shenzhen, Shanghai’s Pudong, Shanghai

☆ Coinbase wins key regulatory approval to offer crypto futures in the US
▼ + stars: | 2023-08-16 | by ( Allison Morrow | ) edition.cnn.com time to read: +1 min

New York CNN —Coinbase has won a crucial regulatory approval that will allow the platform to provide US-based investors access to the crypto derivatives market. The approval comes from the National Futures Association, a self-regulatory body designated by the Commodity Futures Trading Commission, nearly two years after Coinbase applied to register as a futures merchant. Crypto derivatives make up more than 75% of all global crypto trades, but such products had been off-limits for investors in the United States, in part because of their complexity and high levels of risk. “This is a significant milestone for bringing federal regulatory oversight over the crypto markets,” said Faryar Shirzad, Coinbase’s chief policy officer. “Offering US investors access to secure and regulated crypto futures is key to unlocking growth and enabling broader participation in the cryptoeconomy,” said Andrew Sears, the CEO of Coinbase Financial Markets.

Persons: New York CNN — Coinbase, Coinbase, ”, Faryar Shirzad, Andrew Sears Organizations: New, New York CNN, National Futures Association, Commodity Futures Trading Commission, NFA, Securities and Exchange Commission, Binance, Coinbase Locations: New York, United States

Total refinery throughput in the world's second-largest oil consumer was 63.13 million metric tons last month, data from the National Bureau of Statistics (NBS) showed. Production was up slightly from the 14.83 million bpd of oil processed in June. Domestic fuel demand has picked up with the arrival of the summer travel season, notably in gasoline and jet fuel. China's crude oil imports in July pared back from close-to-record levels during the previous month, totalling 43.7 million metric tons, or 10.3 million bpd, according to the customs data. The NBS data on Tuesday also showed China's domestic crude oil production in July was 17.31 million metric tons, or 4.1 million bpd, versus 17.13 million metric tons in 2022.

Persons: Dominique Patton, refiners, Production, Andrew Hayley, Jacqueline Wong Organizations: Shandong Haiyou Petrochemical Group, REUTERS, National Bureau of Statistics, Reuters, Zhuochuang, Thomson Locations: Shandong, county, Shandong province, China, BEIJING

REUTERS/Thomas Peter/File photoBEIJING, Aug 13 (Reuters) - China's State Council issued guidelines on Sunday that it said would further optimize the country's foreign investment environment and attract more foreign investment. The State Council said in a document containing 24 guidelines that authorities should increase protection of the rights and interests of foreign investors, including strengthening enforcement of intellectual property rights. The document also announced guidelines to increase fiscal support and tax incentives for foreign-invested enterprises, such as temporarily exempting withholding income tax for foreign investors' reinvestment of their profits into China. The State Council said it would explore a "convenient and secure management mechanism" for cross-border data flows. Reporting by Andrew Hayley and Ethan Wang; Editing by Andrew Heavens and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Thomas Peter, Andrew Hayley, Ethan Wang, Andrew Heavens, Bernadette Baum Organizations: National People's Congress, REUTERS, State, The State Council, Thomson Locations: Beijing, China, BEIJING

BEIJING, Aug 13 (Reuters) - The death toll from a mudslide last week in China's northwestern Shaanxi province has risen to four, state radio said on Sunday, as the country grapples with unusually high summer rainfall. TYPHOON WEAKENSMeanwhile, Typhoon Khanun weakened into a tropical depression when it made landfall in China's Liaoning province on Friday night. Overnight rainfall in Liaoning peaked at 52 millimetres (2 inches) per hour, with four reservoirs exceeding flood limits, CCTV said. A video posted by state media People's Daily showed thick swirling clouds hanging low above the ground, darkening the sky. Reporting by Andrew Hayley and Ethan Wang; Editing by Raju Gopalakrishnan and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Typhoon Khanun, Khanun, Doksuri, Andrew Hayley, Ethan Wang, Raju Gopalakrishnan, Jamie Freed Organizations: China Central Television, Xinhua, Liaoning province's Anshan, Flood, Drought, Ministry of Emergency Management, CCTV, Thomson Locations: BEIJING, China's, Shaanxi, Xian, China's Liaoning, Liaoning, Tianjin, Chongqing, China, Xinjiang

BEIJING, Aug 13 (Reuters) - The death toll from a mudslide last week in China's northwestern Shaanxi province has risen to four, state radio said on Sunday. State-owned China Central Television (CCTV) had earlier reported that Friday's mudslide in the city of Xi'an, which followed heavy rainfall in the region, left a total of 18 people dead or missing, with two confirmed casualties. Rescue work was underway with a total of 81 people and 11 vehicles deployed at the site，the state radio report said. Towns and cities across northern China have been lashed by torrential rain and flooding in recent weeks causing multiple deaths and extensive damage, after Typhoon Doksuri made landfall in the country on July 28. Reporting by Andrew Hayley; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Typhoon Doksuri, Andrew Hayley, Raju Gopalakrishnan Organizations: Sunday . State, China Central Television, Thomson Locations: BEIJING, China's, Shaanxi, Xi'an, Towns, China

A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/File PhotoSummary OPEC flags healthy oil market fundamentals in second halfUS consumer prices rise moderately in JulyChina tips into deflation as efforts to stoke recovery falterBEIJING, Aug 11 (Reuters) - Oil prices fell marginally on Friday as investors weighed optimistic demand forecasts from the OPEC producer group against mixed economic data in top importer China. Brent crude fell 15 cents to $86.25 a barrel at 0515 GMT, while U.S. West Texas Intermediate crude futures were down 13 cents at $82.69 a barrel. Market sentiment was also lifted by Thursday's U.S. consumer prices data for July, which fuelled speculation the Federal Reserve is nearing the end of its aggressive rate hike cycle. Data this week also showed China's consumer prices fell into deflation and factory gate prices extended declines in July, raising concerns about fuel demand in the world's second-largest economy.

Persons: Dado, Brent, Tina Teng, Teng, Baden Moore, Moore, Stephanie Kelly, Andrew Hayley, Shri Navaratnam, Simon Cameron Organizations: REUTERS, China, U.S, West Texas, CMC Markets, The, of Petroleum Exporting, Thursday's U.S, Federal Reserve, National Australia Bank, bbl, Thomson Locations: China, BEIJING, OPEC, Auckland, June's, Saudi Arabia, Russia, Ukraine, Baden, 2H23, New York, Beijing

A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/File PhotoSummary OPEC flags healthy oil market fundamentals in second halfUS consumer prices rise moderately in JulyChina tips into deflation as efforts to stoke recovery falterBEIJING, Aug 11 (Reuters) - Oil prices were largely unchanged in Asian morning trade as investors weighed optimistic demand forecasts from the OPEC producer group against mixed economic data in top importer China. In 2024, "solid" economic growth amid continued improvements in China is expected to boost oil consumption, it added. Market sentiment was also lifted by Thursday's U.S. consumer prices data for July, which fuelled speculation the Federal Reserve is nearing the end of its aggressive rate hike cycle. However, Teng also noted that "China’s sluggish economic data and the retreat on Wall Street weighs on risk sentiment, and a strengthened USD also pressured commodity prices".

Persons: Dado, Brent, Tina Teng, Teng, Baden Moore, Moore, Stephanie Kelly, Andrew Hayley, Shri Navaratnam, Simon Cameron Organizations: REUTERS, China, U.S, West Texas, CMC Markets, The, of, Petroleum, Thursday's U.S, Federal Reserve, National Australia Bank, bbl, Thomson Locations: China, BEIJING, OPEC, Auckland, June's, Saudi Arabia, Russia, Ukraine, Baden, 2H23, New York, Beijing

An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERSBEIJING, Aug 9 (Reuters) - Oil prices eased in Asian morning trade on Wednesday as concerns over slow demand from top crude importer China grew after bearish trade and inflation data, outweighing fears over tighter supply arising from output cuts by Saudi Arabia and Russia. "Oil prices are struggling to further rise because of lingering concerns over a sluggish recovery in China's economy and fuel demand," said Chiyoki Chen, chief analyst at Sunward Trading. Both benchmarks notched their sixth consecutive weekly gains last week, the longest winning streak since December 2021 to January 2022, helped by a reduction in OPEC+ supplies and hopes of stimulus boosting an oil demand recovery in China. In another bearish sign, U.S. crude oil stocks rose by 4.1 million barrels last week, according to market sources citing American Petroleum Institute figures on Tuesday.

Persons: Brent, Chiyoki Chen, Yuka Obayashi, Andrew Hayley, Jamie Freed, Sonali Paul Organizations: REUTERS, . West Texas, Sunward, American Petroleum Institute, Reuters, U.S . Energy Information Administration, Saudi, Thomson Locations: Zhoushan, Zhejiang province, China, REUTERS BEIJING, Saudi Arabia, Russia, United States, Europe, Saudi, Tokyo, Beijing

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