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☆ U.S. banks' CDS prices surge as contagion concern widens
▼ + stars: | 2023-03-15 | by ( Mehnaz Yasmin | ) www.reuters.com time to read: +3 min

March 15 (Reuters) - A jump in the cost for Wall Street banks to insure bonds against default on Wednesday was another worrisome indicator of credit stress for investors amid the crisis at Credit Suisse and at U.S. regional banks. Swiss bank Credit Suisse (CSGN.S) fell to a record low on Wednesday. Five-year credit default swaps for the flagship Swiss bank hit a new record high. Credit default swaps on Credit Suisse also inverted on Wednesday with the two-year rising above the five-year, and both hit a new 52-week high, according to data from Ortex. Some analysts believe that the larger banks are resilient and are more worried about the smaller and mid-sized banks.

Investors reeled in their expectations for global central bank rate hikes, and bank stocks tumbled once again. Reuters GraphicsIn the money markets, a closely watched indicator of credit risk in the U.S. banking system edged up on Monday, as did other indicators of credit risk in the euro zone. The gap between two-year euro swap rates and two-year German bond yields , widened by around 20 basis points to 83 basis points, to the highest since Nov. 11. Reuters GraphicsIn Germany, two-year bond yields dropped more than 50 basis points, much more than a drop of 37 basis points on swap rates. Back in late 2008, when failed investment bank Lehman Brothers collapsed, this swap rate went as negative as 300 bps.

Investors reeled in their expectations for global central bank rate hikes, and bank stocks tumbled once again. Reuters GraphicsIn the money markets, a closely watched indicator of credit risk in the U.S. banking system edged up on Monday, as did other indicators of credit risk in the euro zone. The gap between two-year euro swap rates and two-year German bond yields , widened by around 20 basis points to 83 basis points, to the highest since Nov. 11. Reuters GraphicsIn Germany, two-year bond yields were last down over 40 basis points, much more than a drop of 24 basis points on swap rates. Back in late 2008, when failed investment bank Lehman Brothers collapsed, this swap rate went as negative as 300 bps.

☆ Despite East Palestine toxic train disaster, railroads still want single-person crews
▼ + stars: | 2023-03-04 | by ( Chris Isidore | ) edition.cnn.com time to read: +10 min

The rail safety legislation, introduced in Congress Wednesday with bipartisan support, would include a prohibition on single-person crews. There is no such existing law or federal regulation requiring both an engineer and a conductor to be on a train. The Association of American Railroads confirmed that its position in favor of one-person crews has not changed. “No data shows a two-person crew confined to a cab is safer, and train crew size should continue to be determined through collective bargaining,” a statement from UP. But it might have one or two provisions which are deal breakers for the unions, such as allowing single-person crews.

☆ Rail unions tell Biden officials workers have fallen ill at Norfolk Southern derailment site
▼ + stars: | 2023-03-01 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +2 min

Pete Buttigieg, US transportation secretary, speaks during a news conference near the site of the Norfolk Southern train derailment in East Palestine, Ohio, US, on Thursday, Feb. 23, 2023. The presidents of U.S. railroad unions told Biden administration officials that rail workers have fallen ill at the Norfolk Southern derailment site in East Palestine, Ohio, in a push for more train safety. The meeting comes on the heels of letters sent to both the DOT and the FRA Wednesday in which union representations claimed rail workers had gotten sick at the derailment site. According to the letter, Norfolk Southern rail workers who have worked or continue to work the cleanup site have reported experiencing "migraines and nausea." One worker reportedly asked his supervisor to be transferred off the derailment site because of his symptoms, but never heard back from his supervisor and was left at the job site.

☆ Norfolk Southern takes responsibility for Ohio crash environment cleanup, CFO says
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +2 min

"We take responsibility ... We're fully dedicated to making things right," Mark George, Norfolk Southern's (NSC.N) chief financial officer, said at an investor conference hosted by Barclays. A day earlier, the head of the U.S. Environmental Protection Agency (EPA) ordered Norfolk Southern to "pay for cleaning up the mess" created by toxic chemicals that spewed into the air, water and soil after the accident. Norfolk Southern plans to quantify related costs no later than its first-quarter earnings. The National Transportation Safety Board (NTSB) plans to release a preliminary report on Thursday on its initial findings into the fiery crash. He will be joined by representatives from the Federal Railroad Administration (FRA) Hazardous Materials Safety Administration (PHMSA).

☆ Norfolk Southern is giving over a thousand times more money to shareholders than to derailment victims
▼ + stars: | 2023-02-22 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

The company spent $3.4 billion on share repurchases last year, and $3.1 billion in 2021, bringing its recent share repurchases to $6.5 billion. Billions to shareholdersIn March 2022, Norfolk Southern (NSC) announced a new $10 billion share repurchase plan. Norfolk Southern did not respond to questions Wednesday on whether it expects to change its share repurchase plans in the wake of the derailment. Other freight railroads are also reporting improving profits, and have joined Norfolk Southern in massive share repurchases. Like Norfolk Southern, both UP and CSX spent more on share repurchases than they did on total employee compensation.

☆ Norfolk Southern CEO says Ohio town safe after chemical train derailment
▼ + stars: | 2023-02-21 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +6 min

On Feb. 3, a Norfolk Southern freight train carrying hazardous chemicals derailed, igniting a dayslong fire. A company spokesperson told CNBC Norfolk Southern has been in communication with the agency and in compliance with its requests since the incident. He said Norfolk Southern has reimbursed or committed a "downpayment" of $6.5 million to East Palestine and will continue financial assistance to residents. Shaw in the interview denied the lawyer's claims after the company made public statements that doing testing absolved Norfolk Southern of no liability. Shaw said Norfolk Southern is fully cooperating with the NTSB and the FRA to come up with the root cause of the derailment.

☆ Messi headlines shortlist for FIFA Best Men's Player award
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +3 min

Messi, along with his Paris St Germain team mate Kylian Mbappe and Manchester City's Erling Haaland, were among the 14 players shortlisted for The Best FIFA Men's Player award, the world governing body said on Thursday. Real Madrid's Karim Benzema, who won the 2022 Ballon d'Or award, is also in the shortlist. Sarina Wiegman, who led England to last year's European Championship title, is joined on The Best FIFA Women's Coach shortlist by Chelsea's Emma Hayes and Germany manager Martina Voss-Tecklenburg. Liverpool's Alisson Becker, Real Madrid's Thibaut Courtois and Aston Villa's Martinez are among the nominees for The Best FIFA Men's Goalkeeper award. FIFA also announced an 11-player shortlist for this year's Puskas Award for the "most beautiful" goal of the year, with Mbappe's spectacular volley against Argentina in the World Cup final among the nominees.

☆ Analysis: Investors face expensive quest for year-end cash and safe assets
▼ + stars: | 2022-11-14 | by ( Yoruk Bahceli | ) www.reuters.com time to read: +6 min

Money markets too suggest securing cash and quality assets investors need to make a smooth transition into 2023 will be expensive. But analysts noted year-end is still 1-1/2 months away and the spread tends to widen in late November as demand for cash rises. The risk is any unexpected news emerging as liquidity thins further in December, requiring investors to reconsider positioning. BofA said it now sees year-end German repo 6 percentage points below the overnight rate, which it said would still make it the most expensive on record for investors borrowing bonds then. "It's still early days, but (last year's repo pricing) would probably be the best case already in terms of year-end pricing," Commerzbank's Leister said.

[1/4] Nov 7, 2022; Forth Worth, TX, USA; Caroline Garcia (FRA) poses with the trophy in the confetti after winning the WTA Finals in singles after defeating Aryna Sabalenka on day eight of the WTA Finals at Dickies Arena. Nov 7 (Reuters) - France's Caroline Garcia put on a serving masterclass to claim the biggest title of her career on Monday by defeating Aryna Sabalenka 7-6(4) 6-4 to win the WTA Finals in Fort Worth, Texas. "Today was such an intense final," a smiling Garcia told Tennis Channel while donning a cowboy hat. Sabalenka, who will rise to world number five, looked forward to more title deciders against Garcia. "Caro, I really hate you right now but you played unbelievable tennis, not only tonight but this year," Sabalenka said.

☆ Dominant Garcia pushes past Sakkari to WTA Finals championship match
▼ + stars: | 2022-11-06 | by ( ) www.reuters.com time to read: +2 min

[1/3] Nov 6, 2022; Forth Worth, TX, USA; Caroline Garcia (FRA) returns a shot during her match against Maria Sakkari (GRE) on day seven of the WTA Finals at Dickies Arena. Mandatory Credit: Susan Mullane-USA TODAY SportsNov 6 (Reuters) - A red-hot Caroline Garcia cruised past Greek Maria Sakkari 6-3 6-2 to reach her first WTA Finals championship match on Sunday, sending over 19 winners and a half-dozen aces in Fort Worth, Texas. "Today I was just a little bit more relaxed," Garcia said in a televised post-match interview. It was sweet relief after Saturday's emotional three-set epic against Daria Kasatkina but Garcia, who collected three titles earlier this year including Cincinnati, said she had little trouble regrouping in her second WTA Finals appearance. Reporting by Amy Tennery in New York; Editing by Sam Holmes and Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

☆ Garcia survives three-set epic to reach semis of WTA Finals
▼ + stars: | 2022-11-06 | by ( Amy Tennery | ) www.reuters.com time to read: +3 min

[1/4] Nov 5, 2022; Forth Worth, TX, USA; Caroline Garcia (FRA) celebrates winning her match against Daria Kasatkina on day six of the WTA Finals at Dickies Arena. She regained her composure in the second set, bulldozing through the Roland Garros semi-finalist with her trademark aggressive style. The world number five looks tough as ever, after flattening all three of her round robin opponents. It marked the end of a bitterly disappointing WTA Finals debut for 18-year-old Gauff, who was unable to record a win in the group stage. Reporting by Amy Tennery in New York; editing by Jonathan Oatis and Michael PerryOur Standards: The Thomson Reuters Trust Principles.

☆ ATP roundup: Maxime Cressy fires 22 aces in Stockholm win
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +1 min

Aug 10, 2022; Montreal, QC, Canada; Maxime Cressy (USA) hits a backhand against Gael Monfils (FRA) (not pictured) in second round play at IGA Stadium. Eric Bolte-USA TODAY SportsOctober 17 - American Maxime Cressy served up 22 aces and rallied for a 4-6, 7-6 (5), 6-4 victory over Ilya Ivashka of Belarus in first-round action at the Stockholm Open on Monday in Sweden. Register now for FREE unlimited access to Reuters.com RegisterEuropean OpenNo. Frenchman Richard Gasquet pulled off a comeback win over Stan Wawrinka of Switzerland, 2-6, 7-6 (4), 6-4. --Field Level MediaRegister now for FREE unlimited access to Reuters.com RegisterOur Standards: The Thomson Reuters Trust Principles.

☆ 'A Christmas Story Christmas': Ralphie returns in first teaser for HBO Max sequel
▼ + stars: | 2022-10-17 | by ( Dan Heching | ) edition.cnn.com time to read: +1 min

On Monday, the first teaser for upcoming sequel, “A Christmas Story Christmas,” was released, and it promises to be a nostalgic trip down memory lane. The new film follows a now-grown Ralphie Parker, the blond protagonist again played by actor Peter Billingsley. The teaser ends with a closeup of the adult Ralphie, still blue-eyed and bespectacled, as he smiles for the camera. “A Christmas Story Christmas” premieres on HBO Max on November 17. (CNN and HBO Max are both part of the same parent company, Warner Bros.

☆ Factbox: Ticking bomb: The risks the IMF sees to financial stability
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +3 min

Oct 11 (Reuters) - The International Monetary Fund warned on Tuesday of a disorderly repricing in markets, saying global financial stability risks have increased, raising the potential of contagion and spillovers of stress between markets. The IMF's Global Financial Stability Report, which warned of the risks to markets, came as the Fund also cut its growth outlook in its latest World Economic Outlook. read moreHere are key indicators of stress and risks the IMF sees to financial stability:Register now for FREE unlimited access to Reuters.com Register* LIQUIDITYDeteriorating market liquidity conditions may poserisks to financial stability, the IMF said. * CURRENCY SWAPSInternational short-term dollar funding markets have begun to show signs of concern with a widening of the cross-currency basis swap spreads, a proxy for the marginal cost of offshore US dollar funding, the IMF said. * LEVERAGE LOAN MARKET CREDIT CRUNCHTighter financial conditions, mounting liquidity strains, and decelerating earnings growth could presage ratings downgrades and eventual defaults and lower returns for collateralized loan obligations (CLO) investors, the IMF said.

☆ Ambasadorul Urecheanu a prezentat scrisorile de acreditare pe lângă Ordinul Suveran de Malta
▼ + stars: | 2021-07-01 | by ( ) www.ipn.md time to read: 1 min

Ambasadorul Urecheanu a prezentat scrisorile de acreditare pe lângă Ordinul Suveran de MaltaAnatolie Urecheanu, noul ambasador al Republicii Moldova pe lângă Ordinul Suveran Militar și Ospitalier al Sfântului Ioan de Ierusalim, de Rodos și de Malta, și-a prezentat scrisorile de acreditare locotenentului marelui maestru al Ordinului, Fra’Marco Luzzago. Ceremonia a avut loc la Palatul...

Persons: Urecheanu, Malta Anatolie, Ioan de Locations: Malta, Malta Anatolie Urecheanu, Republicii Moldova, Ioan de Ierusalim, Rodos

☆ Topul celor mai aglomerate aeroporturi din Europa în anul 2020. London Heathrow nu mai este în fruntea clasamentului
▼ + stars: | 2021-01-19 | by ( Onixmedia Srl | ) diez.md time to read: +1 min

Topul celor mai aglomerate aeroporturi din Europa în anul 2020. London Heathrow nu mai este în fruntea clasamentului2020 a fost un an pandemic, iar traficul aerian a fost practic paralizat. Cu toate acestea, în urma mai multor analize colectate și centralizate, Bloomberg a reușit să realizeze topul celor mai aglomerate aeroporturi din anul precedent. Aeroportul din Istanbul a cunoscut o creștere, ridicându-se de pe locul șapte, ocupat în 2019, în fruntea clasamentului în 2020. Topul celor mai aglomerate aeroporturi din Europa în 2020:#1.

Persons: Bloomberg Organizations: London Heathrow, Aeroportul, Heathrow, Istanbul, Barcelona Locations: Europa, Istanbul, Heathrow, Istanbul IST, Turcia, Paris, Franța, Amsterdam AMS, Olanda, Moscova, Rusia, Frankfurt FRA, Germania, Madrid, Spania, Munchen MUC

☆ Uniunea Europeană vrea să își apere cetățenii de inteligența artificială: Care este motivul
▼ + stars: | 2020-12-14 | by ( ) www.jurnal.md time to read: +2 min

În medie, 42% dintre companiile europene recurg la folosirea aplicațiilor care folosesc inteligența artificială - Cehia (61%), Bulgaria (54%) şi Lituania (54%) sunt ţările unde acestea sunt cele mai folosite. Inteligenţa Artificială este utilizată în special de firmele de publicitate care vor să ţintească consumatorii online graţie algoritmilor iar pandemia de coronavirus a accelerat adoptarea AI, susţine raportul FRA. Modul în care poate afecta drepturile fundamentale a primit mai puţină atenţie”, se arată în raportul publicat de Agenţia pentru Drepturi Fundamentale a UE (FRA), o agenţie a UE cu sediul la Viena, Austria. Raportul FRA este bazat pe mai mult de 100 de interviuri cu organizaţii publice şi private care utilizează deja Inteligenţa Artificială din Spania, Estonia, Finlanda, Franţa şi Olanda. Raportul FRA vine într-un moment în care Comisia Europeană are în vedere elaborarea unei legislaţii care să acopere sectoarele cu un risc ridicat precum sănătatea, energia, transporturile şi unele părţi din sectorul public.

Persons: David Reichel, susţine, Michael O'Flaherty Organizations: UE, Comisia Europeană Locations: Cehia, Bulgaria, Lituania, Viena, Austria, Spania, Estonia, Finlanda, Franţa, Olanda, consecinţă

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