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☆ Dollar hovers near 2-1/2-month lows, easing pressure on yen
▼ + stars: | 2023-11-22 | by ( ) www.cnbc.com time to read: +3 min

The Japanese yen and U.S. dollar on display in Yichang, Hubei province, Nov 13, 2023. The dollar index held around 2-1/2-month lows after minutes of the Federal Reserve's last meeting did little to dislodge market expectations that its monetary tightening cycle was over. Treasury yields slipped again overnight to hover around 4.40%, easing further pressure on the yen. The Japanese yen advanced around 0.1% versus the greenback to 148.28, clinging to recent gains after ticking up slightly from as low as 147.155 overnight. While speculation that the Bank of Japan could exit from negative interest rates early next year should help stabilize the yen, the Japanese currency still faces strong headwinds.

Persons: Matt Simpson, CME's, Sterling, Simpson, Tony Sycamore Organizations: U.S, Index, Treasury, Bank of Japan, IG Locations: Yichang, Hubei province, U.S

☆ Japan's Nikkei seen rising to 35,000 by mid-2024 on earnings boost: Reuters poll
▼ + stars: | 2023-11-21 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

A man looks at an electric board displaying the Nikkei stock average outside a brokerage in Tokyo, Japan June 14, 2023. The median forecast for the Nikkei's level in mid-2024 was 35,000, with responses ranging from 31,143 to 39,500, the Reuters poll of 10 stocks strategists taken Nov. 10-20 showed. Japan's equity benchmark started this week by pushing to its highest level since March 1990 at 33,853.46 following a three-week winning streak. That would mean some stagnation for equities in the latter half of next year, with the Nikkei still stuck at 35,000 at year-end, according to the median poll response. "35,000 looks to be about the level where Nikkei gains line up with the timing of the BOJ getting rid of negative interest rate policy," Sycamore said.

Persons: Kim Kyung, Masayuki Kichikawa, IG's, Tony Sycamore, Sycamore, Kevin Buckland, Junko Fujita, Noriyuki, Rahul Trivedi, Pranoy, Alex Richardson Organizations: Nikkei, REUTERS, Rights, Bank of Japan, Federal, Sumitomo Mitsui DS Asset Management, Thomson Locations: Tokyo, Japan, IG's Sydney

☆ Oil extends gains on expectations of further OPEC+ supply cuts
▼ + stars: | 2023-11-20 | by ( Emily Chow | ) www.reuters.com time to read: +3 min

SummaryCompanies Brent, WTI prices rise nearly 1%OPEC+ set to consider whether to make more supply cuts -sourcesUS adds oil, gas rigs, first time in three weeks -Baker HughesSINGAPORE, Nov 20 (Reuters) - Oil futures edged higher on Monday, extending gains on expectations of OPEC+ deepening supply cuts to shore up prices, which have fallen for four weeks on easing concern of Middle East supply disruption amid the Israel-Hamas conflict. Both contracts settled 4% higher on Friday after three OPEC+ sources told Reuters that the producer group, made up of the Organization of the Petroleum Exporting Countries and their allies including Russia, is set to consider whether to make additional oil supply cuts when it meets on Nov. 26. Oil prices have dropped by almost 20% since late September while prompt inter-month spreads for Brent and WTI slipped into contango last week. In a contango market, prompt prices are lower than those in future months, signalling sufficient supply. Investors are also eyeing disruption in Russian crude oil trade after Washington imposed sanctions on three ships that have sent Sokol crude to India.

Persons: Brent, Baker Hughes, WTI, OPEC's, Jorge Leon, Leon, Tony Sycamore, Biden, Sycamore, Sokol, Florence Tan, Emily Chow, Christopher Cushing Organizations: West Texas, Reuters, Organization of, Petroleum, Rystad Energy, Monetary, . Strategic Petroleum Reserve, Thomson Locations: Baker Hughes SINGAPORE, East, Israel, Russia, Brent, Saudi Arabia, Saudi, OPEC, Washington, India, Moscow, U.S, Gaza

☆ Oil extends gains as OPEC+ to mull deeper cuts
▼ + stars: | 2023-11-20 | by ( ) www.cnbc.com time to read: +2 min

An oil pump jack is seen in the Loco Hills region, New Mexico, U.S., April 6, 2023. Oil futures nudged higher on Monday, extending gains on expectations of OPEC+ deepening supply cuts to shore up prices, which have fallen for four weeks on easing concern of Mid-East supply disruption brought about by the Israel-Hamas conflict. Brent crude futures climbed 11 cents, or 0.1%, to $80.72 a barrel by 0012 GMT while U.S. West Texas Intermediate crude was at $75.97 a barrel, up 8 cents. Oil prices have dropped by almost 20% since late September while prompt inter-month spreads for Brent and WTI slipped into contango last week. Investors are also eyeing disruption in Russian crude oil trade after Washington imposed sanctions on three ships that have sent Sokol crude to India.

Persons: Brent, WTI, Goldman Sachs, Tony Sycamore, Biden, Sokol Organizations: West Texas, Reuters, Organization of, Petroleum, . Strategic Petroleum Reserve Locations: New Mexico, U.S, Israel, Russia, Brent, Saudi Arabia, OPEC, Washington, India, Moscow, East, Gaza

☆ A Writer’s Memorial to a Lover, and an Era, Lost to AIDS
▼ + stars: | 2023-11-14 | by ( Mattilda Bernstein Sycamore | ) www.nytimes.com time to read: +2 min

The result interweaves elements of biography, memoir, psychotherapy, philosophy and confession. Glück’s long struggle to write this book remains palpable in its fragmented structure. “About Ed” may be Glück’s homage to Ed, but that doesn’t mean their relationship was easy. But ultimately, “About Ed” looks not so much toward the future as it does toward a suspended past. If this is a book about a lost loved one, it is also a memorial to a lost sensibility, a period in the 1970s when sex was “founded on hope,” before the onslaught of the AIDS crisis.

Persons: Robert Glück “, ” Robert Glück, ”, Ed Aulerich, it’s, we’ve, Ed, Ed ”, “

Word "Oil" and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. The U.S. Energy Information Administration (EIA) said last week crude oil production in the United States this year will rise by slightly less than previously expected while demand will fall. That is "not a prospect that crude oil will welcome given that recent data in China and the U.S. has brought growth fears back to the surface," he said. Weak economic data last week from China, the world's biggest crude oil importer, increased fears of faltering demand. Additionally, refiners in China asked for less supply from Saudi Arabia, the world's largest exporter, for December.

Persons: magnifier, Dado Ruvic, Baker Hughes, Brent, Hiroyuki Kikukawa, Jerome Powell, Tony Sycamore, Kikukawa, Yuka Obayashi, Colleen Howe, Lincoln, Bernadette Baum Organizations: REUTERS, U.S . Federal, U.S . West Texas, NS, Nissan Securities, U.S . Energy Information Administration, IG, U.S, Organization of, Petroleum, Thomson Locations: BEIJING, United States, China, U.S, Iraq, Israel, refiners, Saudi Arabia, Russia

☆ Dollar firm ahead of US inflation data; yen hovers near one-year low
▼ + stars: | 2023-11-13 | by ( Brigid Riley | ) www.reuters.com time to read: +2 min

The Japanese yen remained vulnerable, hovering not far from a one-year low against the greenback as markets remained on watch for possible intervention by Tokyo. The dollar index , which measures the dollar against a basket of currencies, was last mostly flat at 105.80. There was little relief for the yen, however, which has come under pressure from rising U.S. Treasury yields and continued dollar strength. The Japanese currency was trading around 151.58 yen against the dollar on Monday, just under a one-year low of 151.74 hit at the end of October. Elsewhere, sterling stood at $1.2228 to the dollar, firm ahead of UK average weekly earnings data on Tuesday and a CPI reading on Wednesday.

Persons: Dado Ruvic, Jerome Powell, Lenny Jin, Jin, Moody's, Tony Sycamore, Brigid Riley, Shri Navaratnam Organizations: REUTERS, Rights, Federal Reserve, greenback, Global FX, HSBC, U.S, CPI, Treasury, IG, Bank of Japan, Thomson Locations: United States, Tokyo, U.S, New York

☆ Damage to ancient Hadrian’s Wall confirmed after famous UK tree ‘deliberately felled’
▼ + stars: | 2023-11-08 | by ( Francesca Street | ) edition.cnn.com time to read: +2 min

CNN —When a famous British tree was “deliberately felled” in September, pictures showed the trunk lying, horizontal, over part of Britain’s Roman-built Hadrian’s Wall. On Tuesday, Historic England – a government body that oversees preservation of ancient landmarks – confirmed part of Hadrian’s Wall where the felling took place has been damaged. The Sycamore Gap tree was widely photographed and admired prior to the felling. It also confirmed plans to work with the National Trust – a UK charity which also helps look after the site – “on a plan to repair the damage” to Hadrian’s Wall. Meanwhile, the National Trust is welcoming ideas from the public for “the future of the site and the tree” with people asked to get in touch with their suggestions.

Persons: Kevin Costner’s, Robin Hood, Hadrian’s Wall, Ian Forsyth Organizations: CNN, Getty, Historic, UNESCO, Heritage, National Trust Locations: British, Britain’s, Northumberland, England, Hadrian’s, Historic England, Roman

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsBEIJING, Nov 6 (Reuters) - Oil prices edged up on Monday as top exporters Saudi Arabia and Russia said they would stick to extra voluntary oil output cuts until the end of the year, keeping supply tight, while investors watched out for tougher U.S. sanctions on Iranian oil. Russia also announced it would continue its additional voluntary supply cut of 300,000 bpd from its crude oil and petroleum product exports until the end of December. Sydney-based IG analyst Tony Sycamore expects oil prices to be driven by headlines from the Middle East and technical charts this week. Such sanctions often come with national security waivers, and China could still continue to import Iranian oil.

Persons: Agustin Marcarian, Brent, Suvro Sarkar, Tony Sycamore, Sarkar, Baker Hughes, Florence Tan, Colleen Howe, Shri Navaratnam, Simon Cameron, Moore Organizations: REUTERS, Rights, U.S, West Texas, Saudi, ING, DBS, U.S . House, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Rights BEIJING, Saudi Arabia, Russia, Israel, Singapore, China, Sydney, Iran, United States

☆ Oil nudges higher after Saudi Arabia, Russia stick to output cuts
▼ + stars: | 2023-11-06 | by ( Florence Tan | ) www.reuters.com time to read: +3 min

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsSINGAPORE, Nov 6 (Reuters) - Oil prices edged up on Monday after top exporters Saudi Arabia and Russia said they would stick to extra voluntary oil output cuts until the end of the year, keeping supply tight, while investors watched out for tougher U.S. sanctions on Iranian oil. Following the Saudi statement, Moscow also announced it would continue its additional voluntary supply cut of 300,000 bpd from its crude oil and petroleum product exports until the end of December. Sydney-based IG analyst Tony Sycamore expects oil prices to be driven by headlines from the Middle East and technical charts this week. Reporting by Florence Tan and Colleen Howe Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Agustin Marcarian, Israel, Tony Sycamore, Baker Hughes, Florence Tan, Colleen Howe, Shri Navaratnam Organizations: REUTERS, Rights, West Texas, Saudi, ANZ, U.S . House, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Rights SINGAPORE, Saudi Arabia, Russia, Moscow, Lebanon, China, Sydney, Iran, United States

☆ Two More Arrests Made Over Destruction of Sycamore Gap Tree
▼ + stars: | 2023-11-01 | by ( Jenny Gross | More About Jenny Gross | ) www.nytimes.com time to read: +1 min

Two men in their 30s were arrested and released on bail on Tuesday in connection with the felling of the Sycamore Gap tree, the latest development in the investigation into who chopped down one of Britain’s most photographed trees, which had stood for two centuries in a dip in Hadrian’s Wall. The two additional arrests brought the total number of suspects to four, according to the Northumbria Police. A 16-year-old boy and a farmer in his 60s, arrested in September, were also out on bail. The Sycamore Gap tree, about 100 miles southeast of Edinburgh, was cut down overnight between Sept. 27 and 28, during a storm with 60-mile-an-hour winds in what the police described as “a deliberate act of vandalism.” Reports of the destruction of the tree, which was featured in the 1991 film “Robin Hood: Prince of Thieves,” led to an outpouring of emotion, both by those in England’s northeast and by international tourists.

Persons: Robin Hood :, ” Organizations: Northumbria Police Locations: Wall, Northumbria, Edinburgh

☆ Instant View: BOJ modifies bond yield control, re-defines long-term rate cap
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +10 min

But it's also likely the BOJ have their finger on the intervention button to cap any runaway rally on USD/JPY." Nevertheless, this is working in a way to increase the volatility of the global rates market. This means it will still have a certain distance until the BOJ exit from the negative rate policy." "A yield cap isn't a yield cap if you change it every time the market gets close." The Bank of Japan could lift the negative policy rate to zero over the coming year.

Persons: Kim Kyung, KYLE RODDA, MATT SIMPSON, JPY, it's, NOMURA, They've, TONY SYCAMORE, normalisation, TAKAYUKI MIYAJIMA, ROB CARNELL, they're, JEFF NG, TOM NASH, OMORI, SHOTARO KUGO, me, IZURU KATO, MARCEL THIELIANT, today's, FREDERIC NEUMANN, CHRISTOPHER WONG, BOJ's, Sherry Jacob, Phillips Organizations: National Printing Bureau, Bank of Japan, REUTERS, Bank of, Nikkei, SAXO, SONY, ING, UBS, CHIEF, DAIWA, OF, HSBC, Global, Thomson Locations: Tokyo, Japan, Bank of Japan, MELBOURNE, BRISBANE, SINGAPORE, TOKYO, U.S, SYDNEY, ASIA, PACIFIC, CHIEF JAPAN, stagflation, OF ASIA, YCC, HONG KONG

☆ Leah Remini Lists Her Los Angeles Home a Third Time
▼ + stars: | 2023-10-30 | by ( Debra Kamin | More About Debra Kamin | ) www.nytimes.com time to read: 1 min

The actress Leah Remini has listed her home in the picturesque Studio City neighborhood of Los Angeles — and is doing so at a price cut. Ms. Remini bought the six-bedroom, nine-bath property in 2003 for $3.75 million and first listed it on the market in September 2022 for $12,995,000. Now, she’s slashed half a million dollars off the price for the property, which stretches more than 10,000 square feet on a manicured and gated 1.58-acre lot, asking $12,499,000. The home is in the neighborhood of Fryman Canyon, one of Los Angeles’s most prestigious and star-studded corners. Neighbors in this pocket of Hollywood, where idyllic residential blocks are lined with sycamore trees and graceful Tudor Revival style houses, include George and Amal Clooney, Lucy Liu and Bruno Mars.

Persons: Leah Remini, Remini, she’s, George, Amal Clooney, Lucy Liu, Bruno Mars Locations: Studio City, Los Angeles, Fryman, Hollywood

☆ Dollar eyes weekly gain as U.S. economy stays robust
▼ + stars: | 2023-10-27 | by ( ) www.cnbc.com time to read: +3 min

The dollar was headed for a weekly gain on Friday, aided by solid U.S. growth figures that bolstered the case for higher-for-longer interest rates, while the yen hovered on the weaker side of 150 per dollar ahead of a key policy meeting next week. That added to bets the Federal Reserve is likely to keep monetary conditions restrictive for longer, driving the dollar broadly higher against a basket of currencies. The U.S. dollar index steadied at 106.57, having hit a three-week high of 106.89 in the previous session, and was on track for a weekly gain of about 0.4%. Sterling edged 0.07% higher to $1.21355, though was not too far from a three-week low of $1.2070 hit on Thursday. The European Central Bank, or ECB, on Thursday left interest rates unchanged as expected, ending an unprecedented streak of 10 consecutive rate hikes.

Persons: Lint, PMIs, Julien Lafargue, Tony Sycamore, we've, we're Organizations: Federal Reserve, U.S, European Central Bank, ECB, Barclays Private Bank, Analysts, IG, Treasury, Bank of Japan Locations: U.S, Asia, Gaza, Tokyo

☆ Dollar eyes weekly gain as US economy stays robust
▼ + stars: | 2023-10-27 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. That added to bets the Federal Reserve is likely to keep monetary conditions restrictive for longer, driving the dollar broadly higher against a basket of currencies. The U.S. dollar index steadied at 106.57, having hit a three-week high of 106.89 in the previous session, and was on track for a weekly gain of about 0.4%. The European Central Bank (ECB) on Thursday left interest rates unchanged as expected, ending an unprecedented streak of 10 consecutive rate hikes. The yen last stood at 150.38 per dollar, languishing near the previous session's one-year trough of 150.78.

Persons: Dado Ruvic, Lint, PMIs, Julien Lafargue, Tony Sycamore, we've, we're, Rae Wee, Lincoln Organizations: REUTERS, Rights, Federal Reserve, U.S, European Central Bank, ECB, Barclays Private Bank, Analysts, IG, Treasury, Bank of Japan, Thomson Locations: Rights SINGAPORE, U.S, Asia, Gaza, Tokyo

A person puts gas in a vehicle at a gas station in Manhattan, New York City, U.S., August 11, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsSINGAPORE, Oct 20 (Reuters) - Oil prices extended gains on Friday and were on track for a second week of increases on heightened fears that the Israel-Gaza conflict may spread in the Middle East and disrupt supplies from one of the world's top-producing regions. Both contracts are on track to post a second weekly gain as an explosion at a Gaza hospital this week and the anticipated ground invasion by Israeli troops heightened fears of the conflict spreading in the Middle East. "The prospect of more Venezuela oil did little to ease concerns of disruptions in the Middle East," analysts at ANZ Research said in a note to clients on Friday. Reporting by Florence Tan and Sudarshan Varadhan; Editing by Gerry Doyle and Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Tony Sycamore, Yoav Gallant, Sycamore, Florence Tan, Sudarshan, Gerry Doyle Organizations: REUTERS, Rights, Brent, . West Texas, Israel Defence Forces, Israeli, U.S, Pentagon, Strategic Petroleum Reserve, U.S . Department of Energy, Reuters, ANZ Research, Thomson Locations: Manhattan , New York City, U.S, Rights SINGAPORE, Israel, Gaza, Yemen, Saudi Arabia, Russia, United States, Washington, Venezuela, OPEC

☆ Oil climbs on Mideast contagion fears from Israel-Gaza conflict
▼ + stars: | 2023-10-20 | by ( ) www.cnbc.com time to read: +2 min

Oil prices extended gains on Friday, rising about 1% on fears that the Israel-Gaza conflict may spread in the Middle East and disrupt supplies from one of the world's top-producing regions. Brent crude futures climbed 77 cents, or 0.8%, to $93.15 a barrel by 0042 GMT. U.S. West Texas Intermediate crude was at $90.36 a barrel, up 99 cents, or 1.1%. Israeli Defence Minister Yoav Gallant told troops gathered at the Gaza border on Thursday that they would soon see the Palestinian enclave "from inside," suggesting an expected ground invasion could be nearing. Venezuelan state-run oil company PDVSA has begun contacting customers with crude supply contracts, two people familiar to the matter said on Thursday, moving to resume cash sales to global refiners.

Persons: CLc2, Tony Sycamore, Yoav Gallant, Sycamore, PDVSA Organizations: Brent, . West Texas, Israel Defence Forces, Israeli, U.S, Pentagon, Strategic Petroleum Reserve, U.S . Department of Energy, Reuters Locations: Israel, Gaza, Yemen, Saudi Arabia, Russia, United States, Washington, Venezuela, OPEC, Venezuelan

☆ Dollar holds near 150 yen ahead of Fed Chair remarks
▼ + stars: | 2023-10-19 | by ( ) www.cnbc.com time to read: +3 min

A Japanese 10,000 yen and a U.S. 100 dollar banknote juxtaposed against each other in Tokyo, Japan, on Monday, June 20, 2016. The dollar held the yen near a two-week low, as growing expectations the U.S. Federal Reserve will keep rates higher for longer had the greenback and U.S. Treasury yields on the rise overnight and markets awaited a speech by Fed Chair Powell. The dollar index , which measures the dollar against a basket of currencies, held steady near Wednesday's high of 106.63 in the Asian morning. "I think it highly likely the Fed Chair will reinforce the more cautious commentary heard from Fed speakers over the past week and half," said Sycamore. The Japanese yen strengthened slightly to 149.77 per dollar, off Wednesday's two-week low of 149.94 but still near the 150-level that markets perceive as a potential trigger for currency intervention by Japanese authorities.

Persons: Powell, Christopher Waller, John Williams, Waller, Tony Sycamore, Jerome Powell, Carol Kong, Sterling Organizations: . Federal Reserve, greenback, U.S, Treasury, Fed, Market, Tony Sycamore . Federal Reserve, Commonwealth Bank of Australia, Bank of Japan Locations: U.S, Tokyo, Japan

☆ Dollar, yen gain on flight to safety as Hamas attack rattles nerves
▼ + stars: | 2023-10-09 | by ( ) www.cnbc.com time to read: +2 min

The safe-haven dollar and Japanese yen edged higher on Monday as violence in the Middle East spooked markets, while a blowout U.S. jobs report gave the greenback a further leg up. The risk-sensitive Australian and New Zealand dollars meanwhile fell in thinned Asian trade, with Japan closed for a holiday. Against the euro, the yen rose more than 0.3% to 157.55, while the Aussie fell roughly 0.7% at one point to hit a session-low of 94.84 yen . Against the dollar, the euro fell 0.2% to $1.0565, while sterling slipped 0.1% to $1.2218. The offshore yuan dipped slightly to last trade at 7.3123 per dollar.

Persons: Tony Sycamore Organizations: New, IG Australia, Federal Reserve Locations: East, New Zealand, Japan, Israel, Wells Fargo, Asia, China

☆ Dollar set for best quarter in a year; yen-watch rumbles on
▼ + stars: | 2023-09-29 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. "We've had resilience in the U.S. economy, in the jobs market, inflation ticking higher and, obviously, the rise in oil prices. "We're not really expecting to see any rate cuts for quite some time, well toward the back end of 2024. Markets are looking ahead to the next data points, starting with key U.S. personal consumption data due later on Friday. The yen last traded at 149.125 to the dollar, which eased 0.13% on the day.

Persons: Florence Lo, Fiona Cincotta, We're, Tony Sycamore, we've, Sycamore, Thomas Barkin, Yasunari Ueno, Brigid Riley, Gerry Doyle, Neil Fullick, Kevin Liffey Organizations: U.S, REUTERS, Treasury, City Index, Federal Reserve, IG, Richmond Fed, Mizuho Securities, Sterling, National Statistics, COVID, Thomson Locations: U.S, City, Tokyo

☆ A teenage was arrested over the chopping down of a beloved 300-year-old tree along Hadrian's Wall
▼ + stars: | 2023-09-29 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

The tree, which featured in "Robin Hood: Prince of Thieves," was located along Hadrian's Wall. Local authorities said they believe the world-renowned Sycamore Gap Tree was deliberately felled. The tree, known as the Sycamore Gap Tree, rose to global prominence when it appeared in Kevin Costner's 1991 blockbuster movie "Robin Hood: Prince of Thieves". AdvertisementAdvertisementThe ‘Sycamore Gap' tree lying on the ground, along Hadrian's Wall, in northeast England in an aerial photo shared on September 28, 2023. The National Park advised visitors to avoid the area while it was being made safe and the investigation is underway.

Persons: Robin Hood :, —, we've, Kevin Costner's, John Parker Organizations: Service, Getty, Park Authority, National Trust, Arboricultural Association, Sky News, Guardian Locations: England, Northumbria, Northumberland, England’s Northumberland

☆ Dollar off 10-month high, yen still under intervention watch
▼ + stars: | 2023-09-29 | by ( ) www.cnbc.com time to read: +3 min

The dollar held off a 10-month high on Friday as markets headed into the end of the quarter, giving the yen slightly more breathing room at the end of the week amid intervention concerns. The yen remains in focus as it trades near the 150 level, which is viewed as potentially spurring intervention from Japanese authorities. Against the dollar, the Japanese currency last traded at 149.34 yen . Elsewhere, the euro stood at $1.05625, down 0.04% so far in Asia after climbing off this week's multi-month low of $1.0488. Investors will be looking ahead to Friday's CPI data out of the euro zone for clues into the state of the bloc's economy.

Persons: Tony Sycamore, we've, Sycamore, Thomas Barkin, Yasunari Ueno Organizations: Federal Reserve, Treasury, IG, Richmond Fed, Mizuho Securities Locations: U.S, Asia

☆ UK police make second arrest over Sycamore Gap tree felling
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

[1/2] General view of the Sycamore Gap tree that was felled, in Once Brewed, Northumberland National Park, Britain, September 28, 2023. REUTERS/Lee Smith/File Photo Acquire Licensing RightsLONDON, Sept 29 (Reuters) - British police investigating the felling of the Sycamore Gap tree, a much-loved landmark in northern England whose dramatic silhouette featured in a Hollywood movie, have made a second arrest, they said on Friday. The tree was cut down overnight between Wednesday and Thursday in what police believe was a deliberate act of vandalism. Northumbria Police, who arrested a 16-year old male on Thursday, said a male in his 60s had also been arrested in connection with the incident and remains in custody. It was also known as the 'Robin Hood Tree' after featuring in the 1991 film "Robin Hood: Prince of Thieves".

Persons: Lee Smith, Hood, Robin Hood :, –, Rebecca Fenney, Menzies of, “, James Davey, Jonathan Oatis Organizations: REUTERS, British, Northumbria Police, Menzies of Northumbria Police, Thomson Locations: Northumberland, Park, Britain, England, Northumbria

☆ Sycamore Gap: 16-year-old boy arrested after famous tree ‘deliberately felled’
▼ + stars: | 2023-09-28 | by ( James Frater | ) edition.cnn.com time to read: +2 min

The tree - at a spot known as “Sycamore Gap” – was located on the historic UNESCO World Heritage listed Hadrian’s Wall, which was constructed around 1,900 years ago to guard the furthest northwestern frontier of the Roman Empire. The tree before it was felled. Andre Poling/ullstein bild/Getty ImagesSycamore Gap was considered one of the most photographed trees in England and was voted as English Tree of the Year in 2016. The National Trust heritage charity – which co-manages the site – said it was “shocked and saddened” by the tree’s felling. The sycamore tree, seen here in 2021, was a striking presence on the wild landscape around Hadrian's Wall.

Persons: London CNN —, Kevin Costner’s, Robin Hood, Andre Poling, ”, Andrew Poad, Kevin Taverner, Kevin Waring Organizations: London CNN, ” Police, UNESCO, Getty, National Trust, Park Authority, Police, CNN, Northumbria Police, North Locations: Northumberland, England, Roman, Hadrian's, Northumbria

☆ Sycamore to take apparel retailer Chico's FAS private for nearly $1 billion
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +1 min

Sept 28 (Reuters) - Chico's FAS (CHS.N) will be taken private by Sycamore Partners for $938.1 million in an all-cash deal, the apparel retailer said on Thursday, sending its shares surging 63% in premarket trading. Sycamore is known to bet on retail and consumer investments and has stake in department store operator Belk, discount retailer Dollar Express and mall and web-based specialty retailer Hot Topic. The private equity firm has been trying to acquire Florida-based Chico's since 2015 after it failed to secure acceptable financing terms for its bid. In 2019, Sycamore had offered $407.8 million, which was eventually lowered to $350 million after Chico's financial performance worsened, but the deal was rejected by its shareholders. ..three brands Chico's, White House Black Market and Soma," Chico's CEO Molly Langenstein said.

Persons: Sycamore, Molly Langenstein, Savyata Mishra, Sriraj Kalluvila, Arun Koyyur Organizations: Chico's FAS, Sycamore Partners, Chico's, Belk, Dollar Express, Barington Capital Group, Black, Thomson Locations: Sycamore, Florida, U.S, Bengaluru

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