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PoliticsWhat could the market impact be from Gabon's coup? PostedMilitary officers say they have seized power in oil-rich Gabon. David Doyle explores the impact on sectors such as oil and mining.
Persons: David Doyle Locations: Gabon
Gabon's president appeals for help after coup
  + stars: | 2023-08-30 | by ( Reuters Editorial | ) www.reuters.com   time to read: 1 min
PoliticsGabon's president appeals for help after coupPostedGabon's President Ali Bongo urged friends "all over the world" to "make noise" after military officers said they had seized power and placed him under house arrest. David Doyle has more.
Persons: Ali Bongo, David Doyle
Employees of Toyota Motor Corp. work on the assembly line of Mirai fuel cell vehicle (FCV) at the company's Motomachi plant in Toyota, Aichi prefecture, Japan May 17, 2018. Toyota was looking into the cause of the problem, a spokesperson said, adding it was "likely not due to a cyberattack". Toyota suspended operations at 12 of its plants from Tuesday morning, with two remaining online. Production in Japan was up 29% in the first half of the year, the first such increase in two years. Toyota's operations ground to a halt last year when one of its suppliers was hit by a cyberattack.
Persons: Issei Kato, Satoshi Sugiyama, Miyoung Kim, Kevin Krolicki, David Dolan, Christopher Cushing Organizations: Toyota Motor Corp, REUTERS, Rights, Toyota, Daihatsu, Hino, Pacific, Thomson Locations: Toyota, Aichi prefecture, Japan, China, Tokyo
SummaryCompanies Toyota suspends production at all 14 domestic assembly plantsSystem failure preventing Toyota from ordering partsCause under investigation, not likely to be a cyberattackPlants make up third of Toyota world output -Reuters calculationStock closes down 0.2%TOKYO, Aug 29 (Reuters) - Toyota Motor (7203.T) will restart operations at its assembly plants in Japan on Wednesday, after a production system malfunction brought domestic output to a halt at the world's biggest-selling automaker. The plants together account for about a third of the automaker's global production, Reuters calculations showed. Toyota's domestic production had been on the rebound after a series of output cuts it blamed on semiconductor shortages. ​ Its Japan output averaged about 13,500 vehicles daily in the first half of the year, Reuters calculations showed. Toyota is a pioneer of just-in-time inventory management, which keeps down costs but means supply chain snarls put production at risk.
Persons: Seiji Sugiura, Satoshi Sugiyama, Miyoung Kim, Kevin Krolicki, Daniel Leussink, David Dolan, Christopher Cushing, Mark Potter Organizations: Toyota, Daihatsu, Hino, Kyodo, REUTERS Acquire, Analysts, Tokai Tokyo Research Institute, Toyota Industries, Thomson Locations: TOKYO, Japan, , Toyota, Aichi Prefecture, China
Japan aims to launch the Smart Lander for Investigating Moon (SLIM) into space by mid-September with a lunar landing seen starting as early as January 2024. Japan would become the fifth country to achieve a moon landing after the United States, the former USSR, China and now India. The success of India's Chandrayaan-3 moon exploration mission this month contrasts with recent setbacks in Japan's space missions. WHAT IS JAPAN'S LUNAR MISSION? WHY IS JAPAN'S SPACE PROGRAMME IMPORTANT?
Persons: India's, SLIM, Kantaro Komiya, Maki Shiraki, David Dolan, Nick Macfie Organizations: Smart, Japan Aerospace Exploration Agency, JAXA, Soviet Union, Epsilon, Mitsubishi Heavy Industries, Thomson Locations: TOKYO, Japan, United States, USSR, China, India, U.S, Russia
Opinion | Rudy Giuliani’s Real Legacy
  + stars: | 2023-08-25 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “Rudy Giuliani Was Always Like This,” by Jamelle Bouie (column, Aug. 20):History teaches us many things, but the tragic downfall of “America’s mayor” reminds us that clever P.R., along with sudden media infatuation, should always be viewed with skepticism. I stood with Mayor David Dinkins when he faced what could only be characterized as a racist police riot, which Mr. Bouie recalls in his column. New York is a very different place than it was in 1992, and the N.Y.P.D. is, thankfully, a very different police department. But the fact that Mr. Giuliani never apologized for his fiery speech at that police protest, where other attendees shouted extremely vitriolic and racially insulting taunts at Mayor Dinkins, should not have been forgotten after Sept. 11, when so many embraced Mr. Giuliani as “America’s mayor.” No, Mr. Giuliani was never really “America’s mayor.”I wish more could remember David Dinkins as the epitome of dignity in very difficult times, and ensure his place in history as a trailblazer who made us proud of his leadership.
Persons: “ Rudy Giuliani, Jamelle Bouie, , , David Dinkins, Bouie, Giuliani, Dinkins Organizations: Locations: “ America’s, New York
And hedge fund manager David Neuhauser of Livermore Partners told CNBC's " Street Signs Asia " that the "best asset class" is oil stocks. Typically, in a recession, oil prices could dive to $50 a barrel, he said. Stocks to buy Neuhauser said Livermore owns small-cap energy stocks Kolibri Global and Vista Energy — because of limited supply and strong returns on capital, as well as low valuations. Still, energy stocks are an option for investors seeking inflation protection, Dietze said. He said energy stocks are "a far superior alternative" to Treasury Inflation-Protected Securities.
Persons: BofA, David Neuhauser, CNBC's, Neuhauser, Livermore, David Dietze, Dietze, Warren Buffett's Berkshire Hathaway, subsector, That's, — CNBC's Michael Bloom Organizations: Livermore Partners, Vista Energy, Wealth Management, Exxon, Mizuho, Securities, Dominion Energy Locations: Chevron, U.S, Wednesday's, Saudi
Zimbabweans vote in 'heavily skewed' election
  + stars: | 2023-08-23 | by ( Reuters Editorial | ) www.reuters.com   time to read: 1 min
PoliticsZimbabweans vote in 'heavily skewed' electionPostedMany in Zimbabwe are hoping for change after two decades of unrelenting economic turmoil - but as they queued at polling stations on Wednesday, analysts were warning that the ruling party is unlikely to relinquish its stranglehold on power. David Doyle has more.
Persons: David Doyle Locations: Zimbabwe
Eight candidates will appear onstage for the first Republican debate on Wednesday. Many far more politically experienced contenders have met their end under the bright lights of the debate stage. How Republican voters respond will offer some early clues into the ideological future of the party, particularly in a post-Trump era. He participated in eight face-offs during the 2016 campaign and helped coach Mr. Trump for his presidential debates in 2020. The debate offers Mr. Christie an opportunity to take aim at those aligned with Trumpism, even if they are opposed to Mr. Trump.
Persons: Donald J, Trump, Mitt Romney, gantlet, , Newt Gingrich, “ Donald Trump, , Tucker Carlson, Ron DeSantis, Jordan Gale, Donald Trump, ” Mr, DeSantis, Trump’s, parry, Vivek Ramaswamy, Chris Christie, Pence, Mike Pence’s, AJ Mast, Mike Pence, Ramaswamy, Vivek Ramaswamy’s, MAGA, Victoria Coates, Roe, Wade, Tim Scott of, Christie, Scott, Nikki Haley, Will Christie, David Degner, Coke, New Coke, “ Ron DeSantis, Tim Scott, Haley, Doug Burgum, Maddie McGarvey, Burgum, Asa Hutchinson, “ We’re Organizations: Republican, Trump, Fox News, Fair, The New York Times, Wednesday, Fox News Radio, PAC, Ukraine, Harvard, Russia, Democratic, Republicans, United Nations, Mr, Credit, The New York, Gov Locations: Atlanta, Florida, Ukraine, Tim Scott of South Carolina, New Jersey, New Hampshire, South Carolina, U.N, Iowa, North Dakota, Arkansas
The company logo for Financial broker Charles Schwab is displayed at a location in the financial district in New York, U.S., March 20, 2023. The announcement led to a 5% fall in Schwab shares on Tuesday but did not hurt investor appetite for its new bonds. "The strong response shows bond investors, at least in the near term, have gotten over their worries about the credit fundamentals of top-tier regional banks after the banking crisis in March," said Richard Wolff, head of U.S. syndicate at Societe Generale (SOGN.PA). Schwab's bond trade also drew attention as new investment grade bond supply this month has so far been lower than expected. Counting Schwab's $2.35 billion in bonds, investment-grade bond volume sits at just $3.45 billion for the week and $67.1 billion so far in August, according to Informa Global Markets data.
Persons: Charles Schwab, Brendan McDermid, Schwab, Richard Wolff, Dan Krieter, Brian Mulberry, David Del Vecchio, Natalie Trevithick, Matt Tracy, Nupur Anand, Shankar Ramakrishnan, Sonali Paul Organizations: REUTERS, Societe Generale, BMO Capital, Zacks Investment Management, Federal Home Loan Bank, Payden, Informa, Thomson Locations: New York, U.S, Los Angeles
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe shouldn't have high expectations from U.S. Commerce secretary's visit to China: Brookings' DollarDavid Dollar, Brookings Institute senior fellow, and Stefan Selig, former Under Secretary of Commerce for International Trade, join 'The Exchange' to discuss why the U.S. should 'proceed with caution' in its relationship with China, the important parts of U.S. Secretary of Commerce Gina Raimondo's trip to China, and more.
Persons: David Dollar, Stefan Selig, Commerce Gina Raimondo's Organizations: . Commerce, Brookings, Brookings Institute, Commerce for International Trade, Commerce Locations: China, U.S
Xi calls for expansion at BRICS summit
  + stars: | 2023-08-23 | by ( Reuters Editorial | ) www.reuters.com   time to read: 1 min
PoliticsXi calls for expansion at BRICS summitPostedLeaders of the BRICS countries - Brazil, Russia, India, China and South Africa, have been speaking at a summit in Johannesburg. The issue of expanding the bloc of emerging countries has been front and center. David Doyle has more.
Persons: Xi, David Doyle Locations: BRICS, Brazil, Russia, India, China, South Africa, Johannesburg
The severity of Quebec’s fire season up to the end of July was also made 50% more intense by climate change, according to the report. French firefighters try to extinguish wildfires at Lac Larouche in Quebec, Canada, on June 28, 2023. It is by far the worst wildfire season Canada has ever experienced, and there are still more than two months left to go. They then used climate models to understand the role climate change played. Climate change also made the peak fire weather in Quebec during the same period at least twice as likely and 20% more intense, according to the report.
Persons: Friederike Otto, It’s, , Clair Barnes, Emma UIISC7, David Dee Delgado, , James MacDonald, Kira Hoffman, ” Hoffman, Michael Flannigan, Otto Organizations: CNN, WWA, Grantham Institute, Anadolu Agency, Getty, Canada, Bloomberg, University of British, Research, , Predictive Services, Emergency Management, Thompson Rivers University Locations: Canada, Quebec, Illinois, Canadian, Western Europe, Bronx, New York City, Northwest Territories, Yellowknife, British Columbia, Cameron, Port Alberni , British Columbia, University of British Columbia
PoliticsIs Zimbabwe heading for another disputed election? PostedZimbabwe's opposition is hoping to defy the odds and end the stranglehold of the ZANU-PF in elections this week - but there are expectations that the contest will be skewed in favor of a party that has ruled for decades. David Doyle has more.
Persons: David Doyle Organizations: ZANU Locations: Zimbabwe
Playing a quiet but important role in shaping the governor's remarks was the Washington-based Heritage Foundation, America's top conservative think tank, according to two people with knowledge of their interactions. The range and frequency of those discussions with DeSantis' campaign have not been previously reported. In addition to Carmack, the policy director, at least seven other Heritage staffers have taken positions in the DeSantis campaign. Whether DeSantis' connection to the think tank has been helpful for his campaign is an open question. Following the controversial March 13 statement, Heritage officials had a suggestion for the campaign, according to one person with knowledge of the discussions.
Persons: Ron DeSantis, Kevin Roberts, Tucker Carlson, DeSantis, Donald Trump, Bryan Griffin, Heritage, Griffin, Generra Peck, Trump, Noah Weinrich, Weinrich, Roberts, Dustin Carmack, Carmack, Steve Bradbury, Bradbury, Joe Biden's, David Dewhirst, Gram Slattery, Ross Colvin, Daniel Flynn Organizations: Florida, The Heritage Foundation, Gaylord National Resort, Center, REUTERS, Sarah, Fox News, Heritage Foundation, Senior Heritage, Heritage, Republican, TALLAHASSEE, Mar, Trump, Justice Department, Department of Education, FBI, Department of Transportation, Democratic Party, Top Heritage, Economic, Reuters, Republican Party, Fox Nation, Thomson Locations: National Harbor, M.D, WASHINGTON, Florida, Ukraine, United States, Washington, U.S, Russia, China, Milwaukee, Tallahassee , Florida, Tallahassee
It’s Your Birthday. Bring on the Nudes.
  + stars: | 2023-08-18 | by ( David Mack | ) www.nytimes.com   time to read: +1 min
When David Dulin celebrated his 36th birthday in March, he asked his Twitter followers for just two things: cash donations to his online payment account, and pictures of them in their own birthday suits. He was surprised, he said, when some of his online acquaintances delivered on the invitation, admitting that they had been looking for an opportunity to flirt with him. In recent years, many queer men have begun sending and receiving nude selfies on social media for their birthdays. Variations on “It’s my birthday, send nudes” have been uttered so frequently online that it has become something of a meme (or, at the very least, a generic way for a gay man to announce his birthday, whether or not he actually expects to receive any explicit images). The practice has become so normalized that the request is sometimes simplified to, “It’s my birthday — you know what to do.”
Persons: David Dulin, , Dulin, Organizations: Locations: Charlotte, N.C
CNN —President Joe Biden is using the presidential retreat at Camp David to help with a diplomatic mission – hosting the first-ever trilateral summit with Japan and South Korea, two countries that are putting aside a fraught history in the face of shared security challenges. The gathering will mark the first time Biden is hosting foreign leaders at the Camp David retreat, a site of historic diplomatic negotiations for past presidents. From the start of his administration, Biden has sought to draw Asian allies like Japan and South Korea closer, in part, to counter an ascendant China. Biden’s first foreign leader visits at the White House were Japan and South Korea, and he visited the countries back-to-back in May 2022. Biden has worked to foster his individual relationships and cooperation with South Korea and Japan.
Persons: Joe Biden, David, Fumio Kishida, Yoon Suk, Biden, , Camp David, Yoon, ” Rahm Emanuel, Biden’s, Jake Sullivan, Kishida, , ” Biden, serenaded, Don McLean, Yoon’s, Yoon Ki Jung, Franklin D, Roosevelt, Dwight D, Eisenhower, Winston Churchill, Jimmy Carter’s, Bill Clinton, Ehud Barak, Yasser Arafat, Barack Obama, Donald Trump Organizations: CNN, Japanese, South, Camp, Japan, Brookings Institution, , White, NATO, Korean, US, White House, South Korean, British, Camp David Accords, Israeli Locations: Japan, South Korea, North Korea, China, Catoctin, Maryland, Seoul, Tokyo, Korea, Korean, Pyongyang, Beijing, Madrid, Hiroshima, Annapolis , Maryland, Ukraine, Washington, Delaware, Israel, Egypt
In July, the volume of loans doled out from Chinese banks hit their lowest amount since 2009. The People's Bank of China said new loans reached 345.9 billion yuan in July, less than half the amount expected by Bloomberg economists. Chinese banks doled out 345.9 billion yuan in new loans last month, well below the 780 billion yuan economists had expected, according to a Bloomberg report and survey. Additionally, the People's Bank of China said year-on-year growth of broad M2 money supply slowed to 10.7%. On Tuesday, the People's Bank of China cut several interest rates in a bid to boost the economy, following a similar move in June.
Persons: David Dollar Organizations: People's Bank of China, Bloomberg, Service, People's Bank of, Brookings Locations: Wall, Silicon, People's Bank of China, China
Creator merch startup Fanjoy has filed for Chapter 11 bankruptcy, a court filing showed. Creator merch startup Fanjoy filed for Chapter 11 bankruptcy this month, according to a court filing viewed by Insider. Then around 2017, Fanjoy pivoted its business model to selling merch for YouTube creators and other internet stars . Fanjoy isn't the first creator-focused merch company to face challenges in recent months. Creators told Insider at the time that Spring had struggled with its business, including with shipping delays and late payments.
Persons: Fanjoy, Elyse Myers, Kian, Myers, We've, Chris Vaccarino, Vaccarino, Jake Paul, David Dobrik, Tana Mongeau, Addison Rae Organizations: JC, YouTube, Spring
Treasury Secretary Janet Yellen said China's economic snags pose some risks to the US. "China's slowdown will have the largest impact on its Asian neighbors, but there will be some spillovers to the United States." She maintained that the US labor market remains strong while inflation trends downward after the Federal Reserve's 11 interest rate hikes. "When Americans are asked about their own personal financial situation, 70% or more say they feel very good," Yellen said. The Treasury chief's comments follow President Joe Biden's remarks that China's economy is a "ticking time bomb," given its growth and demographic issues.
Persons: Janet Yellen, Yellen, they're, Joe Biden's, They've, Biden, David Dollar Organizations: Service, Bloomberg, Federal, Reuters, Brookings Institution Locations: United States, Wall, Silicon, Las Vegas, Utah, Beijing, China
China's sputtering growth and property market hurdles have led to comparisons with Japan's troubles in the 1990s. But key differences remain and China's economy isn't yet at the level of Japan's crisis 30 years ago. China's National Bureau of Statistics reported that the consumer price index dropped 0.3% annually in July, tipping the economy into deflation and fueling reminiscences of Japan in the early 1990s. Only this year have Japan's stock markets returned within range of the highs seen in 1990. Real estate prices in Japan fell about two-thirds, and the stock market still has never got back to where it was in 1989.
Persons: David Dollar Organizations: JPMorgan, Service, China's National Bureau of Statistics, Financial Times, Nikkei, Brookings Institute, Brookings Locations: China, Wall, Silicon, Beijing, Japan, 1Q23, Tokyo, United States, Real
REUTERS/David Dee Delgado/File PhotoNEW YORK, Aug 14 (Reuters) - Sam Bankman-Fried will prepare for his fraud trial from a Brooklyn jail where inmates ranging from convicted sex trafficker Ghislaine Maxwell to Honduras' former president have complained of subpar conditions. In recent years, MDC has been plagued by persistent staffing shortages, power outages and maggots in inmates' food. Earlier this year, a guard pleaded guilty to accepting bribes to smuggle in drugs. It is now the jail housing detainees awaiting federal trials in New York City, after the Manhattan Correctional Center closed in 2021 for improvements. Reporting by Luc Cohen in New York; Editing by Noeleen Walder and Daniel WallisOur Standards: The Thomson Reuters Trust Principles.
Persons: Sam Bankman, David Dee Delgado, Fried, Ghislaine Maxwell, District Judge Lewis Kaplan, Maxwell, Jeffrey Epstein, Hannibal Lecter's, Epstein, Kaplan, Juan Orlando Hernandez, Guo Wengui, Hernandez, Luc Cohen, Noeleen Walder, Daniel Wallis Organizations: FTX, REUTERS, District, Detention, MDC, The U.S . Bureau of Prisons, Manhattan Correctional Center, MCC, Fox, U.S . State Department, Thomson Locations: Manhattan, New York City, U.S, Brooklyn, Honduras, Palo Alto , California, Brooklyn's, United States, Florida, The, Putnam County, Bahamas, Chinese, New York
Nissan late last month upgraded its full-year operating profit forecast, raising it by 30 billion yen ($208 million) to 550 billion yen. About 20 billion yen of that came from the currency, CFO Stephen Ma told a briefing. At smaller Subaru (7270.T), a move of one yen against the dollar has a 20 billion yen impact on operating profit, CFO Katsuyuki Mizuma said earlier this month. On Wednesday, a Honda official said its April-June operating profit came in tens of billions of yen higher than expected, with the weak yen accounting for about half of that. It is unclear how long the weak yen will last.
Persons: Aly, Satoru Aoyama, Stephen Ma, Katsuyuki Mizuma, Eisuke Sakakibara, Mizuma, Daniel Leussink, David Dolan, Toby Chopra Organizations: Auto, REUTERS, Toyota, Honda, Nissan, Fitch, Japan, U.S . Federal Reserve, Subaru, Lexus, Reuters, Thomson Locations: Auto Shanghai, Shanghai, China, Asia, Europe, CHINA
Deflation — the trend of prices falling throughout the economy — presents a particularly dangerous trajectory for China, which carries a massive amount of debt. The main components of GDP on the demand side — consumption, investment, net exports — they all have serious problems right now." A shaky property marketMost of China's economic troubles tie directly into its property market. Roughly a quarter of China's population works in agriculture — well above the 3% mark in the US — and that presents its own productivity limitations. From an unstable, debt-ridden property market to anti-business policies and demographic issues, Beijing has plenty to tackle if it hopes to match the same growth as decades past.
Persons: David Dollar, Biden, Dexter Roberts, Roberts, Terry Group, it's, Xi Jinping Organizations: Service, China's National Bureau of Statistics, People's Bank of, Federal Reserve, Brookings, Bloomberg, JPMorgan, Financial Times, China's, Global, US Census Bureau, Atlantic Council, Communist Party, Garden Holdings, Beike Research Institute, Terry Locations: Beijing, Wall, Silicon, China, People's Bank of China, China's US, Western, Russia, Asia, Ukraine, Mexico, China cratered, Rocky
Treasury yields and stocks have more upside ahead, according to some Wall Street investors, and annuities are yielding more than ever. So if you're nearing — or already in — retirement, which offers the best source of income? Stocks vs. annuities David Dietze, senior investment strategist at Peapack Private Wealth Management, recommended annuities and stocks — with some caveats. Right now, however, Rekenthaler said he would go for annuities, bonds or funds because real interest rates are high. Treasurys Samana of Wells Fargo Investment Institute said she likes Treasurys best — given the firm's expectations of a recession.
Persons: David Dietze, Dietze, John Rekenthaler, Rekenthaler, Samana, Morningstar Organizations: CNBC, Wealth Management, Morningstar, Securities, Wells, Wells Fargo Investment Institute, ExxonMobil, Shell Locations: Wells Fargo, U.S, Samana
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