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☆ Morning Bid: Markets wary Powell may undermine rate-cut bets
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +3 min

Federal Reserve Chair Jerome Powell answers a question during a press conference at the Federal Reserve in Washington, U.S., November 1, 2023. The disconnect between financial markets and central banks has only deepened as central banks push back against talk of rate cuts while markets take in the relatively more benign inflation data of recent weeks. That helped to embolden markets to take on rate-cut bets. Markets are now pricing in a 46% chance of the central bank cutting rates in March, the CME FedWatch tool showed. Speakers: Bank of England MPC member Megan Greene, ECB President Christine Lagarde, Fed Chair Jerome Powell.

Persons: Jerome Powell, Kevin Lamarque, Ankur Banerjee, Christopher Waller, Powell, Elon Musk, Megan Greene, Christine Lagarde, Edmund Klamann Organizations: Federal Reserve, REUTERS, Ankur, Fed, ECB, Reuters Graphics Reuters, Reuters, Bank of England, Thomson Locations: Washington , U.S, Europe, Asia, France, UK, Germany, Singapore

☆ Powell says Fed to move 'carefully' on interest rates with risks 'more balanced'
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +4 min

"Having come so far so quickly, the (Federal Open Market Committee) is moving forward carefully, as the risks of under- and over-tightening are becoming more balanced." But his remarks also reflected increased confidence that the current 5.25%-5.50% policy rate may well be adequate to complete the job. The Fed meets on Dec. 12-13 and is expected to leave its benchmark rate unchanged for the third meeting in a row. "The pace at which the economy is creating new jobs remains strong, and has been slowing toward a more sustainable level ... Shortly before Powell delivered his remarks, a key reading on the health of the U.S. manufacturing sector showed activity there remained subdued and factory employment declined.

Persons: Jerome Powell, Kevin Lamarque, Powell, Helene Gayle, Lisa Cook, Howard Schneider, Paul Simao Organizations: Monetary Fund's, REUTERS, Rights, Federal Reserve, Spelman College, Fed, Spelman, Institute, Supply Management's, Thomson Locations: Washington , U.S, Atlanta

☆ Morning Bid: Treasuries on cusp of best month since 2008
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +3 min

Let's start with Treasuries because, if this were sports, we'd be calling it a comeback for the ages. Now, with some encouraging hints from Fed officials, 10-year notes are poised to celebrate their best month since the 2008 global crash, with yields down 61 basis points for November so far. Yields on two-year paper are down 31 bps just this week, the steepest drop since the U.S. mini-banking crisis in March. The European Union has inflation data of its own later on Thursday and analysts suspect the risks are for a downside surprise following subdued readings from Germany and Spain. The dollar index looks set for its worst month since November last year, with a loss so far of 3.7%.

Persons: Kevin Lamarque, Wayne Cole, Let's, we'd, Governor Waller, dovishness, Powell, Williams, Lagarde, Greene, Governor Bunge, Edmund Klamann Organizations: U.S . Treasury, REUTERS, Fed New, European Union, China PMI, BoE Monetary, CPI, PPI, Chicago PMI, Thomson Locations: Washington , U.S, Wayne, U.S, Germany, Spain, China, BoE, EU, Chicago

☆ US and India’s strengthening bond is weak on trust
▼ + stars: | 2023-11-30 | by ( Una Galani | ) www.reuters.com time to read: +4 min

REUTERS/Kevin Lamarque Acquire Licensing RightsMUMBAI, Nov 30 (Reuters Breakingviews) - Trust between the United States and India is eroding. It says it will investigate security concerns aired by the United States. Trying that on the United States would be more consequential: Apple (AAPL.O) and Tesla (TSLA.O) are looking to build supply chains in the country, and the U.S. is the largest market for India’s people-heavy IT services companies. The United States and India may draw a quick line under the murder-for-hire episode, but it will sow a lasting seed of doubt in the relationship. Prosecutors did not name the Indian official.

Persons: Kevin Lamarque, soberly, ”, Justin Trudeau, Joe Biden, Narendra Modi, Saudi Arabia’s Crown Prince Mohammed bin Salman, Jamal Khashoggi, Nikhil Gupta, “, Arindam Bagchi, Neil Unmack, Oliver Taslic Organizations: White, REUTERS, Rights, Reuters, U.S . Department of Justice, U.S, Companies, Micron, General Electric Aerospace, Ottawa, Global, Saudi Arabia’s Crown, Indian, U.S . Justice, New, New York City, Prosecutors, “ Security Management, Thomson Locations: India, Washington , U.S, Rights MUMBAI, United States, Delhi, American, China, Asia, Canada, U.S, Vietnam, Saudi, Istanbul, Manhattan, New York

☆ Key facts about Henry Kissinger, US diplomat and presidential adviser
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +3 min

[1/9] Former U.S. Secretary of State Henry Kissinger looks up during his meeting with U.S. President Donald Trump in the Oval Office of the White House in Washington, U.S., October 10, 2017. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsNov 29 - Here are some facts on American diplomat Henry Kissinger, who died at age 100 on Wednesday:* He was born Heinz Alfred Kissinger in Furth, a city in Germany's Bavarian region, on May 27, 1923. * The 1973 Nobel Peace Prize that went to Kissinger and North Vietnam's Le Duc Tho was one of the most controversial in the award's history. * Kissinger last worked in a presidential administration in 1977 but he maintained a relationship with George W. Bush. * Musician Tom Lehrer famously said: "Political satire became obsolete when Henry Kissinger was awarded the Nobel Peace Prize."

Persons: Henry Kissinger, Donald Trump, Kevin Lamarque, Heinz Alfred Kissinger, Kissinger, Richard Nixon's, Nixon, Gerald Ford, Ford, Duc Tho, Tho, Candice Bergen, Shirley MacLaine, Jill St, John, Marlo Thomas, Liv Ullman, Samantha Eggar, Diane Sawyer, George W, Bush, Tom Lehrer, Bill Trott, Rosalba O'Brien Organizations: U.S, White, REUTERS, Army's 84th Infantry Division, Harvard University, Nixon, ABC, Argentine, Thomson Locations: Washington , U.S, Furth, Germany's Bavarian, Nazi Germany, New York, American, Vietnam, China, U.S, Israel, Paris

☆ Mexico president asks lawmakers to let US military trainers into Mexico
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +2 min

[1/3] U.S. President Joe Biden meets with Mexican President Andres Manuel Lopez Obrador on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, California, U.S. November 17, 2023. The announcement published Tuesday said President Andres Manuel Lopez Obrador sought permission for 11 U.S. military personnel to take part in a program called "Strengthening the Capacities of the Special Forces of the Defense Ministry." Lopez Obrador has vigorously defended the principle of Mexican sovereignty, passing measures to restrict the ability of U.S. counter-narcotics agents to operate in Mexico. The U.S. troops are expected to arrive in Mexico with their own weapons, ammunition and equipment, the Senate letter added. For his part, Lopez Obrador has been critical of U.S. anti-narcotics officials operating on Mexican territory, accusing U.S. Drug Enforcement Administration (DEA) agents of trampling on Mexican sovereignty.

Persons: Joe Biden, Andres Manuel Lopez Obrador, Kevin Lamarque, Lopez Obrador, Lopez Obrador's, Dave Graham, Drazen Jorgic, Franklin Paul, Deepa Babington Organizations: Economic Cooperation, REUTERS, MEXICO CITY, Mexican Senate, U.S, Special Forces of, Defense Ministry, Special Forces Group, Mexico's Defense Ministry, United States, Drug Enforcement Administration, Thomson Locations: Asia, San Francisco , California, U.S, MEXICO, Mexican, Mexico, United States, Mexico City, Jan, Iraq, Afghanistan

☆ China's Xi visits financial hub Shanghai
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +3 min

Chinese President Xi Jinping attends the Leaders Retreat at the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, California, U.S., November 17, 2023. REUTERS/Kevin Lamarque Acquire Licensing RightsSHANGHAI, Nov 29 (Reuters) - China President Xi Jinping visited Shanghai, where he went to several venues and learned about the city's efforts to strengthen its competitiveness as an international financial centre, Xinhua news agency reported on Wednesday. Xi made the trip on Tuesday and Wednesday and he inspected the Shanghai Futures Exchange, an exhibition on Shanghai's sci-tech innovations and a government-subsidized rental housing community, the report said. Vice Premier He Lifeng, Shanghai's Communist party secretary Chen Jining and Mayor Gong Zheng also accompanied his visit. It was his first visit to the city since November 2020 and comes a year after historic street protests against China's zero-COVID policy broke out in Shanghai.

Persons: Xi Jinping, Kevin Lamarque, Xi, Cai Qi, Chen Jining, Gong Zheng, Xi's, Premier Li Qiang, Brenda Goh, Bernard Orr, Ella Cao, Ethan Wang, Mark Potter, Louise Heavens, Chizu Nomiyama, Mark Porter Organizations: Economic Cooperation, REUTERS, Rights, Shanghai Futures Exchange, Communist Party of China Central Committee, CPC, Communist, Shanghai Free, Trade, Disney, L'Oreal, Premier, Thomson Locations: Asia, San Francisco , California, U.S, China, Shanghai, Xinhua, Minhang

Argentine President-elect Javier Milei departs the Eisenhower Executive Office Building after meeting with Biden administration staff at the White House complex in Washington, U.S., November 28, 2023. His foreign policy, meanwhile, is unabashedly pro-United States and pro-Israel, with a cooler stance on top trade partners Brazil and China. 2 Gita Gopinath and other fund officials, the fund said separately. The IMF has said in the past that dollarization is not a substitute for sound macroeconomic policy. Milei and IMF officials had a first virtual meeting on Friday, which Georgieva called a "very constructive engagement".

Persons: Javier Milei, Kevin Lamarque, Milei, Jake Sullivan, Juan Gonzalez, Benjamin Gedan, Alberto Fernandez, Vladimir Putin, Kristalina Georgieva, Posse, Luis Caputo, Gita Gopinath, Georgieva, Jason Lange, Rodrigo Campos, Rosalba O'Brien, Christopher Cushing Organizations: Argentine, Biden, REUTERS, Rights, U.S, White, National Security, Western, United, Israel, America, Wilson, International Monetary Fund, IMF, Reuters, Thomson Locations: Washington , U.S, Washington, Argentina, United States, Brazil, China, U.S, Moscow, Ukraine, Beijing, Argentine, New York

☆ White House unveils Christmas decor
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: 1 min

[4/25]Share this photoA toy train makes its way around a Christmas tree in the Blue Room during a media preview of the "Magic, Wonder and Joy" theme holiday decorations at the White House, November 27. REUTERS/Kevin Lamarque

Persons: Kevin Lamarque Organizations: White House, REUTERS

[1/5] Passengers make their way through the terminal as they travel ahead of the Thanksgiving holiday at Washington Dulles International Airport in Dulles, Virginia, U.S., November 22, 2023. REUTERS/Kevin Lamarque Acquire Licensing RightsNov 22 (Reuters) - Millions of Americans headed to the homes of friends and family on Wednesday, the day before the Thanksgiving holiday, on the busiest travel day since the pandemic, undeterred by a sprawling East Coast storm system that disrupted some flights and slowed traffic. Industry group Airlines for America forecast U.S. airlines would carry some 29.9 million passengers between Nov. 17 and Nov. 27. That figure would be an all-time high, 9% higher than last year and up 1.7 million passengers from the levels seen before the COVID-19 pandemic. Out West, a snowstorm in the northern and central Rocky Mountains and adjacent High Plans will likely affect Thanksgiving travel from Wednesday night through Friday, the weather service said.

Persons: Kevin Lamarque, Hopper, Abraham Lincoln, Daniel Trotta, Joseph Ax, Miral Fahmy, Jonathan Oatis Organizations: Washington Dulles International, REUTERS, Industry, Airlines, America, U.S . Transportation Security Administration, American Automobile Association, AAA, National Weather Service, Thomson Locations: Dulles , Virginia, U.S, East, COVID, Carolinas, Atlantic, New England, New Hampshire, Rocky

☆ Biden and Xi's meeting sent an important signal for U.S. business in China
▼ + stars: | 2023-11-22 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

U.S. President Joe Biden and Chinese President Xi Jinping at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation summit in Woodside, California, on Nov. 15, 2023. Kevin Lamarque | ReutersBEIJING — U.S. President Joe Biden's meeting with Chinese President Xi Jinping last week has set a bottom line in the relationship which reduces uncertainty for businesses, analysts said. In conversations with Xi, Biden did not budge on export controls, enacted out of national security concerns. Wedding versus marriageAfter meeting Biden, Xi spoke at a dinner with top U.S. business executives in which he said the fundamental question was whether the two countries are "adversaries or partners." No 'splashy deliverables'Long-standing issues for U.S. business operations in China remain, and deals aren't made overnight.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Joe Biden's, Biden, Xi, Wang Dong, Jake Colvin, Gabriel Wildau, interlocutors, Ian Bremmer, Gary Dvorchak, it's, Jin Canrong, Jin, aren't Organizations: Economic Cooperation, Reuters, Reuters BEIJING —, Institute for Global Cooperation, Peking University, D.C, Foreign Trade Council, Summit, U.S, Biden, Eurasia Group, Mastercard, Monday, People's Bank of, Blueshirt Group, School of International Studies, Renmin University of China, Center for American Studies, Max, Boeing Locations: Filoli, Asia, Woodside , California, Reuters BEIJING, Reuters BEIJING — U.S, San Francisco, U.S, China, United States, Washington, Beijing, People's Bank of China, Taiwan

REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsNov 21 (Reuters) - A U.S. appeals court on Tuesday declared that Maryland's licensing requirements for people seeking to buy handguns were unconstitutional, citing a landmark U.S. Supreme Court decision last year that expanded gun rights. "Maryland has not shown that this regime is consistent with our nation's historical tradition of firearm regulation," U.S. Richardson called the Maryland law an "additional, preliminary step" that subjected law-abiding people to a 30-day waiting period before they could begin the usual process to acquire a firearm through a separate background check system. A spokesperson for Maryland Attorney General Andrew Brown, a Democrat who is defending the law in court, said his office was "weighing options for next steps in this case." Maryland had said its law mirrored historical limitations on "dangerous" people owning firearms.

Persons: Kevin Lamarque, Julius Richardson, Donald Trump, Richardson, Andrew Brown, preemptively, Barbara Milano Keenan, Barack Obama, Nate Raymond, Will Dunham, Alexia Garamfalvi Organizations: White, REUTERS, Supreme, Circuit, U.S, New York, Republican, Maryland, Democrat, Democratic, Thomson Locations: Montgomery County , Maryland, Washington , U.S, U.S, Richmond , Virginia, Maryland, New York, Boston

☆ Lifecore Biomedical Avoids U.S. Prosecution Over Alleged Mexico Bribes
▼ + stars: | 2023-11-20 | by ( Richard Vanderford | ) www.wsj.com time to read: 1 min

A U.S. company won’t be prosecuted over alleged foreign bribery because it quickly tipped off the U.S. Justice Department. Photo: KEVIN LAMARQUE/REUTERSLifecore Biomedical , a pharmaceutical and medical device manufacturer, won’t face a U.S. bribery prosecution after coming forward to report a former subsidiary’s alleged illegal payments in Mexico. The U.S. Justice Department formally declined to charge Lifecore over bribes that a then newly acquired subsidiary allegedly paid to Mexican government officials, according to a so-called declination letter the Justice Department released Friday.

Persons: won’t, KEVIN LAMARQUE Organizations: U.S . Justice, REUTERS, Biomedical, The U.S . Justice Department, Justice Department Locations: U.S, Mexico, The

A day after meeting with Chinese leader Xi Jinping, President Biden said during a speech at the APEC CEO Summit that the U.S. is “de-risking and diversifying” its economic relationship with China, but “not decoupling.” Photo: Kevin Lamarque/ReutersSAN FRANCISCO—During a much-anticipated summit this week with Chinese President Xi Jinping aimed at resetting relations between the two powers, President Biden took a briefing from Jake Sullivan, his national security adviser, on a completely different topic: the swelling conflict in the Middle East. Israel’s fight against Hamas, a war in Ukraine that is slipping toward a stalemate and a tenuous detente with China are all competing for the president’s time with less than a year until the 2024 election. As Biden campaigns for a second term, the overlapping crises are complicating his bid to persuade U.S. voters he is focused on the domestic issues they care about most.

Persons: Xi Jinping, Biden, Kevin Lamarque, Jake Sullivan, Israel’s Organizations: APEC, Summit, Reuters, FRANCISCO, Hamas, U.S Locations: China, Ukraine

☆ Treasuries see first weekly outflow since Feb as investors buy stocks
▼ + stars: | 2023-11-17 | by ( Lucy Raitano | ) www.reuters.com time to read: +2 min

A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. Investors snapped up $23.5 billion in stocks in the week to Nov. 15, marking the second largest weekly inflow into equities of 2023. Cash funds saw inflows of $20.5 billion, BofA said, and overall investors bought $2.6 billion in bonds, marking a sixth week of inflows. Outflows from emerging markets debt continued for the 16th week, with EM funds shedding $1.6 billion in the latest week. BofA's bull & bear indicator, a measure of market sentiment, rose marginally to 1.7 from 1.6, a contrarian "buy" signal, said BofA.

Persons: Kevin Lamarque, Cash, BofA, financials, Lucy Raitano, Amanda Cooper, Chizu Organizations: Department of, U.S . Treasury, REUTERS, Treasury, Bank of America, Investors, Federal Reserve, Thomson Locations: Washington , U.S, U.S, United States, Europe

Chinese President Xi Jinping waves as he walks with U.S. President Joe Biden at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Woodside, California, U.S., November 15, 2023. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsSAN FRANCISCO/HONG KONG, Nov 16 (Reuters) - When Chinese President Xi Jinping met executives for dinner on Wednesday night in San Francisco, he was greeted with not one, but three standing ovations from the U.S. business community. All three were outcomes the United States had sought from China rather than the other way around, said two people briefed on the trip. Biden administration officials have acknowledged that creating functional military relations won't be as easy as semi-regular meetings between defense officials. That's not going to be a favor to us," one senior Biden administration told Reuters in October in the run-up to the Xi-Biden meeting.

Persons: Xi, Joe Biden, Kevin Lamarque, Xi Jinping, Alexander Neill, Biden, Nancy Pelosi's, hotlines, Craig Singleton, That's, China's, Drew Thompson, Vladimir Putin, it's, Li Mingjiang, Michael Martina, Greg Torode, Trevor Hunnicutt, Antoni Slodkowski, Laurie Chen, Don Durfee, Tom Hogue Organizations: U.S, Economic Cooperation, REUTERS, FRANCISCO, United States, Communist Party, Hawaii's, Commerce Department, Biden, Republican, ., Foundation for Defense of Democracies, Reuters, Pentagon, National University of Singapore, Analysts, Rajaratnam School of International Studies, Thomson Locations: Filoli, Asia, Woodside , California, U.S, HONG KONG, San Francisco, United States, United, China, Beijing, Chinese, Taiwan, Washington, Russia, Singapore

☆ Biden to wrap up four-day diplomatic summit by meeting Mexican president
▼ + stars: | 2023-11-17 | by ( Jeff Mason | Thomson Reuters | Jeff Mason Is A White House Correspondent For Reuters. He Has Covered The Presidencies Of Barack Obama | ) www.reuters.com time to read: +2 min

Chinese President Xi Jinping waves as he walks with U.S. President Joe Biden at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Woodside, California, U.S., November 15, 2023. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsSAN FRANCISCO, Nov 17 (Reuters) - U.S. President Joe Biden concludes a four-day diplomatic push with China as well as other Pacific nations on Friday in a final meeting with world leaders and a visit with Mexican President Andrés Manuel López Obrador. The worsening of trade relations between Washington and Mexico City comes even as their economic integration grows. In 2022, Mexico had a $130.5 billion goods trade surplus with the United States. Reporting By Jeff Mason and Jarrett Renshaw; Editing by Scott Malone and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Xi, Joe Biden, Kevin Lamarque, Andrés Manuel López Obrador, Biden, Xi Jinping, Dina Boluarte, Donald Trump, Jeff Mason, Jarrett Renshaw, Scott Malone, Stephen Coates Organizations: U.S, Economic Cooperation, REUTERS, FRANCISCO, Obrador, Mexico City, Thomson Locations: Filoli, Asia, Woodside , California, U.S, China, Peru, Mexico, Washington, Canada, United States

☆ U.S. Executives Get No Reassurance From Xi on Tougher China Business Environment
▼ + stars: | 2023-11-16 | by ( Lingling Wei | Charles Hutzler | ) www.wsj.com time to read: 1 min

A day after meeting with Chinese leader Xi Jinping, President Biden said during a speech at the APEC CEO Summit that the U.S. is ‘de-risking and diversifying’ its economic relationship with China, but ‘not decoupling.’ Photo: Kevin Lamarque/ReutersSAN FRANCISCO—Foreign capital is fleeing China. Yet on his first trip to the U.S. in six years, Chinese leader Xi Jinping didn’t make a pitch to win back American businesses and investors. Instead, at a Wednesday evening dinner with U.S. corporate chiefs and other guests, Xi sought to enlist American corporations’ help in easing bilateral tensions, emphasizing the room for both nations to work together—a theme of his meeting with President Biden earlier in the day.

Persons: Xi Jinping, Biden, Kevin Lamarque, Xi Organizations: APEC, Summit, Reuters, FRANCISCO Locations: China

☆ Xi says U.S. and China can only be adversaries or partners, with no middle ground
▼ + stars: | 2023-11-16 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Kevin Lamarque | ReutersBEIJING — The U.S. and China have to choose between being adversaries or partners, Chinese President Xi Jinping told American business executives late Wednesday. Xi Jinping President of China"In this respect, the number one question for us is: are we adversaries, or partners? "No matter how the global landscape evolves, the historical trend of peaceful coexistence between China and the United States will not change," Xi said. Regarding earlier conversations with Biden, Xi said "we agreed to make the cooperation list longer and the pie of cooperation bigger." Xi Jinping President of China

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Biden, Xi, Tim Cook, Cristiano Amon —, Gina Raimondo Organizations: Economic Cooperation, Reuters, Beijing, U.S, Apple, Qualcomm, U.S ., China Business Council, National Committee, China Relations, Pandas, San Diego Zoo Locations: Filoli, Asia, Woodside , California, U.S, Reuters BEIJING, The U.S, China, San Francisco, United States, Beijing

☆ American CEOs serve China’s Xi a too-rich dessert
▼ + stars: | 2023-11-16 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +4 min

REUTERS/Kevin Lamarque Acquire Licensing RightsNEW YORK, Nov 16 (Reuters Breakingviews) - America’s corporate chieftains were thrilled to see China’s President Xi Jinping at Wednesday’s gala dinner in San Francisco. So thrilled that they gave him a standing ovation, according to Reuters. He has defended China’s stance on Taiwan, equating the self-governing island’s relationship with the People’s Republic to Hawaii’s position vis-à-vis the United States. The standing ovation is just a new, cringeworthy way to follow the money. Xi received a standing ovation as he entered the room and before and after he took the stage, the report said.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Xi, Tim Cook, Larry Fink, Steve Schwarzman, Ray Dalio, Bridgewater, Tesla, Elon Musk, Apple’s Cook, Ding Xuexiang, Howard Schultz, Biden, “, John Foley, Aditya Sriwatsav Organizations: Economic Cooperation, REUTERS, Reuters, Apple, Blackstone, ”, China, Xi, Thomson Locations: Filoli, Asia, Woodside , California, U.S, San Francisco, BlackRock, China, United States, Taiwan, Republic, Schwarzman, Beijing

[1/2] Chinese President Xi Jinping speaks during a bilateral meeting with U.S. President Joe Biden at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Woodside, California, U.S., November 15, 2023. REUTERS/Kevin Lamarque Acquire Licensing RightsWOODSIDE, California, Nov 15 (Reuters) - Chinese President Xi Jinping told U.S. President Joe Biden during their four-hour meeting on Wednesday that Taiwan was the biggest, most dangerous issue in U.S.-China ties, a senior U.S. official told reporters. Xi was trying to indicate that China is not preparing for a massive invasion of Taiwan, but that does not change the U.S. approach, the official said. "President Biden responded very clearly that the long-standing position of the United States was ... determination to maintain peace and stability," the official said. "President Xi responded: look, peace is ... all well and good but at some point we need to move towards resolution more generally," the official said.

Persons: Xi Jinping, Joe Biden, Kevin Lamarque, Xi, Biden, Washington, Jeff Liu, Liu, Trevor Hunnicutt, Jeff Mason, Ben Blanchard, Andrea Shalal, Sandra Maler, Stephen Coates, Tom Hogue Organizations: U.S, Economic Cooperation, REUTERS, Rights, Biden, Senior U.S, People's Liberation Army, Thomson Locations: Filoli, Asia, Woodside , California, U.S, Rights WOODSIDE , California, Taiwan, China, United States, Taiwan Strait, Taipei, Beijing

TAIWANThe two leaders had a "substantial" discussion on Taiwan, with Xi telling Biden that Taiwan was the biggest, most dangerous issue facing the two superpowers, a senior U.S. official told reporters. LEADER TO LEADER TALKSBiden said he and Xi agreed to high-level communications. "He and I agreed that each one of us can pick up the phone call directly and we'll be heard immediately," Biden told reporters after the meeting. China and the United States should set an example for other countries, Xi told Biden, according to Chinese media, and promote cooperation on trade, agriculture, climate change and artificial intelligence. FENTANYLBiden and Xi agreed to cooperate on addressing the source of the opioid fentanyl, a leading cause of drug overdoses in the United States, the U.S. official said.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, China's Xi Jinping, Biden, Xi, Nancy Pelosi, Defense Lloyd Austin, we'll, Jeff Mason, Trevor Hunnicutt, Andrea Shalal, Heather Timmons, Stephen Coates Organizations: Economic Cooperation, REUTERS, Rights, Taiwan, U.S, Defense, Communist Party, Thomson Locations: Filoli, Asia, Woodside , California, U.S, San Francisco, TAIWAN, Taiwan, China, Beijing, United States, IRAN, Iran

U.S. President Joe Biden and China’s Xi Jinping, who met in San Francisco on Wednesday, may disagree on the terminology. Barely half the manufactured goods imported into the United States from low-cost Asian countries now come from China. Chinese firms have raised just $529 million from initial and secondary stock offerings in the United States in the year to mid-October. But the conscious decoupling between the U.S. and China looks set to continue. Follow @ugalani and @a_fitri_alias on XCONTEXT NEWSU.S. President Joe Biden and Chinese President Xi Jinping met on Nov. 15 in San Francisco on the sidelines of the Asia-Pacific Economic Cooperation forum.

Persons: Xi, Joe Biden, Kevin Lamarque, friendshoring, China’s Xi Jinping, Breakingviews, Donald Trump, China’s ByteDance, Reuters Graphics Reuters Graphics Goldman Sachs, Xi Jinping, Una, Peter Thal Larsen, Oliver Taslic, Thomas Shum Organizations: U.S, Economic Cooperation, REUTERS, Rights, Reuters, People’s Republic . U.S, People’s, World Trade Organization, Reuters Graphics Reuters, FRAYING FINANCE, U.S . Federal Reserve, Federal, Investment Board, HK, Republican, Reuters Graphics Apple, United, Reuters Graphics Reuters Graphics, Thomson Locations: Filoli, Asia, Woodside , California, U.S, Rights MUMBAI, United States, China, Washington, People’s Republic ., San Francisco, People’s Republic, Southeast Asia, Hong Kong, That’s, New York, Greater China, India, TAIWAN, Taiwan, Una Galani, Mumbai, London

☆ EU banks may face major hit if they need to sell bonds -Lagarde
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: 1 min

International Monetary Fund (IMF) Managing Director Christine Lagarde delivers a speech at the U.S. Chamber of Commerce in Washington, U.S., April 2, 2019. REUTERS/Kevin Lamarque/File photo Acquire Licensing RightsFRANKFURT, Nov 16 (Reuters) - European banks may suffer significant losses if they need to sell their bond holdings to raise cash, the European Central Bank's President Christine Lagarde said on Thursday. "EU banks’ holdings of fixed income securities could be marked down quite significantly, should they need to be sold," she told the annual conference of the European Systemic Risk Board, which she chairs. Reporting by Francesco Canepa; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Christine Lagarde, Kevin Lamarque, Francesco Canepa, Jason Neely Organizations: Monetary Fund, U.S . Chamber of Commerce, REUTERS, Rights, Central Bank's, Thomson Locations: Washington , U.S

U.S. President Joe Biden meets with Chinese President Xi Jinping at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Woodside, California, U.S., November 15, 2023. Biden held a solo news conference after four hours of talks with Xi on the outskirts of San Francisco. At the end of the news conference, he was asked whether he still held the view that Xi was a dictator, something he said in June. When Biden made a similar dictator reference in June, China called the remarks absurd and a provocation. Xi told Biden that the negative views of the Communist Party in the United States were unfair, a U.S. official told reporters after the meeting.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Biden, Xi, He's, Mao Zedong, Steve Holland, Heather Timmons, Stephen Coates Organizations: Economic Cooperation, REUTERS, Rights, National People's Congress, Communist Party, U.S, Thomson Locations: Filoli, Asia, Woodside , California, U.S, Rights WOODSIDE , California, Beijing, San Francisco, United States, San Francisco ., Tibet, Hong Kong, China, Wednesday's

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