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☆ Take Five: Ready for that Santa rally?
▼ + stars: | 2022-12-02 | by ( ) www.reuters.com time to read: +5 min

1/FRANC DISCUSSIONCredit Suisse executives may need to sit down for an honest chat about whether the bank's latest strategic plan is enough to rally investors. And with the Federal Reserve, European Central Bank and Bank of England meeting in coming weeks, the drama isn't over. For some, the notion of peak rates, peak inflation and China's reopening is reason enough for cheer. After months of pain inflicted by high inflation and aggressive rate increases, perhaps it's time to bring on the Santa rally. That wouldn't necessarily cut short a rally in Aussie dollar, which recently has been driven more by China's re-opening hopes and a retreating greenback than the RBA.

☆ Analysis: German exit not as shocking as it looks
▼ + stars: | 2022-12-01 | by ( Shady Amir | ) www.reuters.com time to read: +3 min

Data company Nielsen Gracenote gave them a 41% chance of failing to progress on the back of their recent struggles. The second goal was no different. Neuer saved a header from Juan Pablo Vargas but the ball deflected off the German keeper and into the net. On that occasion it was the first time that Germany had failed to pass the group stage since 1938 - which was a different format. After Fuellkrug's introduction they looked more dangerous as he set up Germany's second goal for Kai Havertz.

☆ Germany crash out of World Cup despite 4-2 win over Costa Rica
▼ + stars: | 2022-12-01 | by ( Karolos Grohmann | ) www.reuters.com time to read: +4 min

[1/7] Soccer Football - FIFA World Cup Qatar 2022 - Group E - Costa Rica v Germany - Al Bayt Stadium, Al Khor, Qatar - December 1, 2022 Germany's Thomas Muller and Antonio Rudiger look dejected after the match as Germany are eliminated from the World Cup REUTERS/Wolfgang RattayAL KHOR, Qatar, Dec 1 (Reuters) - Four-time champions Germany sensationally crashed out of the World Cup despite a 4-2 victory over Costa Rica in their last Group E match on Thursday, tumbling out at the first hurdle for the second consecutive time. Germany finished third in the standings, behind Spain on goal difference, with Japan top following their 2-1 win over the Spaniards. It was the first time in their illustrious World Cup history that Germany had failed to win any of their first two group matches and despite bagging a win on their last attempt, they will be departing Qatar with dropped heads. Germany were eager to make amends for their bad tournament start with teenager Musiala repeatedly taking on the entire Costa Rican defence. They were almost punished when Keysher Fuller benefitted from a double defensive blunder but his shot was tipped over the bar by Neuer, whose 19th appearance at the tournament was a World Cup record for goalkeepers.

☆ Germany knocked out of World Cup after extraordinary finale to Group E
▼ + stars: | 2022-12-01 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

CNN —Germany was knocked out of the 2022 World Cup on Thursday after a quite extraordinary finale to Group E, despite beating Costa Rica. As he did in the famous victory over Germany, Japan coach Hajime Moriyasu used his substitutes masterfully, bringing on Dōan and his left-footed strike brought Japan level. Wataru Endo celebrates with teammates after Japan qualified for the knockout stages of the World Cup. Costa Rica took a stunning lead as Juan Pablo Vargas prodded home after an frantic goalmouth scramble to leave Germany trailing. With just over 20 minutes remaining in the two games, Spain and Germany – both recent World Cup winners – were in danger of going home.

☆ Yahoo to buy minority stake in Taboola in advertising deal
▼ + stars: | 2022-11-28 | by ( Pablo Mayo Cerqueiro | David French | ) www.reuters.com time to read: +1 min

Nov 28 (Reuters) - Yahoo Inc will acquire a nearly 25% stake in advertising tech firm Taboola Inc (TBLA.O) and become its largest shareholder, the companies said in a joint statement on Monday, in a push to deepen advertising on their digital properties. As part of the partnership, Taboola will power native content and advertisements across Yahoo's sites for 30 years, while the U.S. tech company will get one seat on Taboola's board. Taboola's engine pushes links to articles paid by advertisers - known as native advertising - on sites of publishers including CNBC and NBC News. Taboola, whose shares surged 25% in pre-market trade on Monday, expects the deal to boost its revenue, EBITDA and free cash flow. Taboola said it will host a special general meeting on Dec. 30 to seek shareholders' approval.

STOCKHOLM, Nov 28 (Reuters) - Philip Morris International (PMI) (PM.N) said on Monday it now owned a big enough stake in Swedish Match (SWMA.ST) to initiate a compulsory redemption of remaining shares in its Swedish peer and would take it off the stock market. Marlboro maker PMI in May launched a $16 billion takeover bid for the Swedish tobacco and nicotine products company. Buying Swedish Match, with its popular wet snuff "snus" products and tobacco-free nicotine "ZYN" pouches, will aid PMI in its stated ambition to move away from health-harming cigarettes and eventually become a smoke-free company. Swedish Match was not immediately available for comment. ($1 = 10.3774 Swedish crowns)Reporting by Marie Mannes and Anna Ringstrom, editing by Essi Lehto and Susan FentonOur Standards: The Thomson Reuters Trust Principles.

SINGAPORE, Nov 28 (Reuters) - Link Real Estate Investment Trust (0823.HK), Asia's biggest REIT, has emerged as the frontrunner to buy a portfolio of assets from Singapore shopping mall owner NTUC Enterprise Co-operative Ltd, multiple sources told Reuters on Monday. If Link REIT does buy, the assets will be its first in Singapore. Mercatus and Hong Kong-listed Link REIT declined to comment on the matter. Nearly three-quarters of its portfolio value is in Hong Kong. Link REIT has been on the prowl for assets in Singapore and other countries to diversify its portfolio.

☆ French retailer Casino launches stake sale in Brazil's Assai
▼ + stars: | 2022-11-28 | by ( Pablo Mayo Cerqueiro | David French | ) www.reuters.com time to read: 1 min

PARIS, Nov 28 (Reuters) - French supermarket retailer Casino (CASP.PA) said on Monday it had launched a stake sale in Brazilian cash-and-carry chain Assai (ASAI3.SA) as part of its general debt-cutting plans. Casino said it was selling 140.8 million shares in Assai, representing 10.4% of the company's share capital, and that it could sell a further 3.7% of Assai later. Based on Assai's closing share price of 19.21 Brazilian real ($3.55) on Nov. 25, the sale of 140.8 million shares would be worth 2.7 billion reals ($499 million). Casino said the Assai share sale would take the form of a secondary public offering. ($1 = 5.4098 reais)Reporting by Sudip Kar-Gupta; Editing by Edmund Klamann and Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

Nov 28 (Reuters) - Euro zone government bond yields were higher on Monday after rare protests in China over the country's strict zero-COVID policies clouded the outlook for global growth and inflation. "The market is more concerned about the impact on inflation than the impact on growth," he added. Germany's 10-year government bond yield was up 4 basis points (bps) at 2.008%, after rising 12 bps on Friday. The gap between the 2-year and 10-year government bond yields rose to -20 bps. Italy's 10-year yield rose 8 bps to 3.94% pushing the closely watched spread between Italian and German 10-year yields wider by 5 bps to 191 bps.

☆ Citi Mexico suitor Mifel enlists Apollo, ADIA to fund bid -sources
▼ + stars: | 2022-11-27 | by ( Pablo Mayo Cerqueiro | David French | ) www.reuters.com time to read: +2 min

LONDON/NEW YORK, Nov 27 (Reuters) - Mexico's Banca Mifel has lined up investors including Apollo Global Management and the Abu Dhabi Investment Authority (ADIA) to fund a bid for Citigroup Inc’s (C.N) Mexican retail bank, two sources familiar with the matter told Reuters. The debt financing could attract more investors to join in Mifel's bid to buy Citibanamex, although there is enough funding already in place to fully support Mifel's proposal, one of the sources said. The competition to buy one of Mexico’s biggest banks has narrowed to two bidders, with smaller rival Mifel, led by Daniel Becker, battling billionaire German Larrea's conglomerate Grupo Mexico (GMEXICOB.MX). The two remaining bidders are now conducting further due diligence on the business, also known as Banamex, the sources said. Representatives from Mifel and Grupo Mexico did not immediately respond to emails and phone calls requesting comment.

☆ Messi dances night away after keeping World Cup storyline alive
▼ + stars: | 2022-11-27 | by ( Andrew Cawthorne | ) www.reuters.com time to read: +4 min

Though in truth they laboured in the first half against a mediocre Mexico team, they celebrated as if they had won the World Cup itself. After scoring the first goal against Mexico, his second of Argentina's three at the tournament, Messi charged towards fans screaming in joy. Many in fact show the two together, arm-in-arm or Maradona looking beatifically down on Messi from heaven. Should Messi go all the way, he will of course directly match Maradona, who led Argentina to a famous 1986 World Cup win including his famous "Hand of God" and best-ever tournament goals against England en route. Even Messi looked slow and made basic errors prior to scoring against Mexico and relaxing into the player everyone knows.

☆ European Space Agency announces first ‘parastronaut’
▼ + stars: | 2022-11-23 | by ( Katie Hunt | ) edition.cnn.com time to read: +3 min

It’s the first time the space agency has established an astronaut reserve, which is made up of candidates who successfully completed the selection process but were not recruited. McFall, a British medic and Paralympian, said he felt compelled to apply when he saw ESA’s ad for an astronaut with a physical disability. McFall, a British medic, will become the first astronaut with a physical disability. The space agency has been closely involved with NASA’s Artemis mission to put humans back on the moon, and ESA hopes that the first European to set foot on the moon will be among this class of astronauts. The space agency on Wednesday also agreed on a new budget of 16.9 billion euros ($17.5 billion) for the next three years — an increase of 17% from 2019.

☆ Wounded Argentina must put Saudi trauma behind them
▼ + stars: | 2022-11-23 | by ( Andrew Cawthorne | ) www.reuters.com time to read: +3 min

[1/2] Nov 22, 2022; Lusail, Qatar; Argentina forward Lionel Messi (10) plays the ball against Saudi Arabia during a group stage match during the 2022 World Cup at Lusail Stadium. Yet he and his disconsolate team might take heart from 32 years ago when Argentina began the World Cup in Italy with a shock loss to Cameroon but still went on to reach the final. Of course," said former Argentina defender Pablo Zabaleta, citing the 1990 run, although the South Americans were to lose that final to West Germany. 'DO IT FOR MESSI, MARADONA'Coach Lionel Scaloni sent out the same signal. Scaloni must quickly reinstill the meanness and steel that had served Argentina so well on their remarkable unbeaten run since mid-2019.

☆ Cuban singer-songwriter Pablo Milanés dies at 79
▼ + stars: | 2022-11-22 | by ( Associated Press | ) www.nbcnews.com time to read: +7 min

“The culture in Cuba is in mourning for the death of Pablo Milanes,” Cuban Prime Minister Manuel Marrero Cruz tweeted Monday night. Milanés and Rodríguez in particular became close, touring the world’s stages as cultural ambassadors for the Cuban Revolution, and bonding during boozy sessions. “If Silvio Rodríguez and I got together, the rum was always there,” Milanés told El Pais in 2003. Cuba’s aging leaders “are stuck in time,” Milanés told Spanish newspaper El Mundo. “These freedoms have been seen in small doses, and we hope that with time they will grow,” Milanés told The Associated Press.

☆ More than 100 people rescued from overloaded sailboat before it hit sandbar in Florida Keys, Coast Guard says
▼ + stars: | 2022-11-22 | by ( Chantal Da Silva | Chantal Da Silva Is A Breaking News Editor For Nbc News Digital Based In London. | ) www.nbcnews.com time to read: +2 min

More than 100 people were rescued from an overloaded sailboat before it hit a sandbar in the Florida Keys on Monday, the U.S. Coast Guard said. A good Samaritan reported the vessel to Key West watch standers at around 5 a.m. local time, the Coast Guard’s 7th District tweeted. They encountered “6-10 ft seas, 25 mph winds to safely remove the people from the vessel,” the Coast Guard said. Initially, the Coast Guard said 22 people were rescued from the overloaded sailboat. Coast Guard Cutter Pablo Valent’s crew rescued nine people and recovered one body, while on Sunday and Monday, crews recovered five bodies, the Coast Guard's 7th District said in a news release.

☆ Fati on target as Spain warm-up with win over Jordan
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: +1 min

AMMAN, Nov 17 (Reuters) - Ansu Fati seized his chance to impress Spain manager Luis Enrique as the Barcelona youngster scored in his side's 3-1 victory over Jordan in a World Cup warm-up on Thursday. With all eyes on Fati after doubts over whether he would make the 26-man squad, he looked lively and was off target with another couple of attempts as a Spanish side featuring several fringe players dominated. Spain made a host of changes after the break with Robert Sanchez replaced in goal by David Raya who was called into action to keep out a fine effort by Mahmoud Mardi. Youngster Nico Williams, who replaced Fati late on, did his cause no harm with a well-taken third in the 84th minute. Spain blotted their copybook as Jordan managed a late consolation through substitute Hamza Al Dardour after a mistake by substitute Cesar Azpilicueta.

☆ Collapse of FTX should serve as reminder of risks of crypto assets, ECB's De Cos says
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: 1 min

MADRID, Nov 16 (Reuters) - The collapse of crypto exchange platform FTX should serve as a reminder for clients of the risks crypto assets entail, European Central Bank policymaker Pablo Hernandez de Cos said on Wednesday. "We hope that the events we have recently experienced will make citizens aware of the risks associated with these cyrpto assets," De Cos said when asked about FTX's collapse. The exchange, which had been among the world's largest, filed for bankruptcy protection on Friday in one of the highest-profile crypto blowups after panicked traders withdrew $6 billion from the platform in just 72 hours and rival exchange Binance abandoned a rescue deal. Reporting by Jesús Aguado and Emma Pinedo; editing by David LatonaOur Standards: The Thomson Reuters Trust Principles.

☆ Spain at the 2022 World Cup: who is in Luis Enrique's 26-man squad?
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +4 min

Nov 14 (Reuters) - Spain are looking to win their second World Cup title at the Nov. 20-Dec. 18 tournament in Qatar. WHO IS IN SPAIN'S WORLD CUP 2022 SQUAD? * Defenders: Jordi Alba (Barcelona), Nacho Monreal (Arsenal), Alvaro Odriozola (Real Sociedad), Nacho Fernandez (Real Madrid), Dani Carvajal (Real Madrid), Gerard Pique (Barcelona), Sergio Ramos (Real Madrid), Cesar Azpilicueta (Chelsea). * Midfielders: Sergio Busquets (Barcelona), Isco (Real Madrid), Thiago Alcantara (Bayern Munich), David Silva (Manchester City), Andres Iniesta (Barcelona), Saul Niguez (Atletico Madrid), Koke (Atletico Madrid). * Forwards: Marco Asensio (Real Madrid), Iago Aspas (Celta Vigo), Diego Costa (Atletico Madrid), Rodrigo Moreno (Valencia), Lucas Vazquez (Real Madrid).

☆ Picasso’s ‘Guitar on a Table,’ Long Held by MoMA, Sells for $37.1 Million at Sotheby’s
▼ + stars: | 2022-11-14 | by ( Kelly Crow | ) www.wsj.com time to read: 1 min

The cubist ‘Guitar on a Table’ was painted by Pablo Picasso in 1919 and acquired by William Paley in 1946. A foundation for CBS founder William Paley has started selling off a trove of masterpieces long lent to New York’s Museum of Modern Art to fund an expansion of the museum’s digital footprint—including a Pablo Picasso that sold Monday for $37.1 million. The sale at Sotheby’s landed a week after Christie’s made auction history selling Microsoft co-founder Paul Allen ’s $1.5 billion art estate. While Mr. Allen’s art stirred up a marketing bonanza, collectors and dealers say they will be seeking clues about the market’s broader strength during these remaining sales in New York’s fall series.

☆ ECB not pre-committed to raise rates by 75 bps again, De Cos says
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: 1 min

MADRID, Nov 11 (Reuters) - The European Central Bank has not pre-committed to make another 75 basis-point increase at its next policy meeting, policymaker Pablo Hernandez de Cos said on Friday. "The fact that we have raised rates by 75 basis points ... does not mean that this will be the future pattern, it will depend on the data," De Cos said. The ECB has been raising its rates at record speed but it is still buying bonds to replenish its 5-trillion-euro ($5.07 trillion) stimulus portfolio, which has a dampening impact on long-term bond yields. Reporting by Jesús Aguado and Emma Pinedo; editing by Andrei KhalpiOur Standards: The Thomson Reuters Trust Principles.

☆ Fati in but Thiago and De Gea left out of Spain World Cup squad
▼ + stars: | 2022-11-11 | by ( Fernando Kallas | ) www.reuters.com time to read: +3 min

MADRID, Nov 11 (Reuters) - Spain included Barcelona's Ansu Fati but left out Liverpool midfielder Thiago Alcantara and Manchester United goalkeeper David de Gea from their 26-man World Cup squad on Friday. But the forward is fighting his way back from four surgeries to repair an injury to his left knee, suffered in November 2020. "Youth gives you freedom because you are not yet aware of the consequences," Luis Enrique said. "There's no one outside of Spain who rules out Spain as a candidate to be among the best. Midfielders: Sergio Busquets (Barcelona), Rodri Hernandez (Manchester City), Gavi (Barcelona), Carlos Soler (Paris St Germain), Marcos Llorente (Atletico Madrid), Pedri Gonzalez (Barcelona), Koke Resurreccion (Atletico Madrid).

☆ Paul Allen's art collection hauls in record $1.5 bln at auction
▼ + stars: | 2022-11-10 | by ( Lisa Richwine | ) www.reuters.com time to read: +2 min

The total represented the highest amount ever collected at a single art auction, according to the auction house, Christie's in New York. Among the priciest works sold was Pointillist pioneer Georges Seurat's Les Poseuses, Ensemble (Petite version), an 1888 oil on canvas depicting three nude women. Cezanne's "La Montagne Sainte-Victoire", a colorful landscape painted from 1888-1890, sold for $137.8 million, another record. And a Gustav Klimt 1903 painting, "Birch Forest," set the high mark for a Klimt work, selling for $104.6 million. Additional pieces from Allen's collection will be offered at auction on Thursday.

☆ Every World Cup 2022 squad announced: USMNT, Germany, Belgium and more
▼ + stars: | 2022-11-10 | by ( Ben Morse | ) edition.cnn.com time to read: +13 min

CNN —‘Tis the season for wall charts and fans gathering around to pick their starting teams for the 2022 Qatar World Cup. “It’s always difficult when a guy helps you get to the World Cup, he scores three goals in World Cup qualifying and isn’t going to be a part of the program. Again, it’s more about who we did add that we felt good about.”All but one of the 26 will be making their World Cup debut at this year’s tournament and, according to the USMNT, it will be the youngest team to qualify for the World Cup. Octavio Passos/Getty Images Europe/Getty ImagesGhanaManager: Otto AddoThe final squad has not been announced yet. READ: Meet Otto Addo, the coach responsible for guiding some of Europe’s brightest young talents (2021)—–PortugalManager: Fernando SantosThe final squad has not been announced yet.

☆ Some LGBTQ fans skip Qatar World Cup, fearing hostility
▼ + stars: | 2022-11-09 | by ( Associated Press | ) www.nbcnews.com time to read: +8 min

Instead, Niño de Rivera proposed at an Amsterdam stadium this summer and opted to skip the World Cup altogether. “It was a really hard decision.”Niño de Rivera’s concerns are shared by many LGBTQ soccer fans and their allies worldwide. An ambassador for the World Cup in Qatar, however, has described homosexuality as a “damage in the mind” in an interview with German public broadcaster ZDF. He publicly came out and has been lobbying to expand the conversation before the World Cup. “The World Cup can help change misconceptions, and we want fans to travel home with a better understanding of our country, culture and region.

☆ Volkswagen Group of America CEO lays out company's plans for new EV lineup
▼ + stars: | 2022-11-09 | 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 EmailVolkswagen Group of America CEO lays out company's plans for new EV lineupPablo Di Si, president and CEO of Volkswagen Group of America, joins 'The Exchange' to discuss Volkswagen's new EV model, financing concerns related to increasing interest rates and the supply chain strains with EV development.

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