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Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. Reuters reported in June that the very AI chips barred by prior regulations could be purchased from vendors in China's Shenzhen. AI capabilities, aided by supercomputing and advanced chips, improve the speed and accuracy of military decision-making, planning and logistics, according to the regulations released Tuesday. LICENSING EXPANDEDThe new measures also expand licensing requirements for exports of advanced chips to more than 40 additional countries that present risks of diversion to China and are subject to U.S. arms embargoes. "We don’t think incremental semiconductor equipment restrictions are likely to have significant long term effects" on equipment suppliers, Wolfe Research said in a client note.

Persons: Florence Lo, Biden, Moore, Gina Raimondo, Biren, ASML, Lam, Raimondo, Jake Sullivan, Janet Yellen, Alexandra Alper, Karen Freifeld, Stephen Nellis, David Shepardson, Max A, Chris Sanders, Jamie Freed, Daniel Wallis Organizations: REUTERS, Rights, Nvidia, Beijing, Commerce, Reuters, Georgetown University's Center for Security, Emerging Technology, Xilinx, Intel, supercomputing, HIT, AMD, U.S, Lam, Applied Materials, Wolfe Research, Semiconductor Industry Association, Thomson Locations: China, U.S, Iran, Russia, Beijing, China's Shenzhen, Georgetown, CHINA, Macau, Netherlands

☆ How the US will cut off China from more AI chips
▼ + stars: | 2023-10-17 | by ( Stephen Nellis | ) www.reuters.com time to read: +4 min

CAPTURING MORE CHIPSThe original rules last year restricted chips if they met a two-pronged test for how much computing power the chips contained and how fast they could talk to other chips. Nvidia (NVDA.O) , the top AI chip supplier, responded by creating chips that stayed just under the communication limits for the Chinese market but that still proved useful for AI work. BLACKLISTING CHINA'S NVIDIA CHALLENGERSChip industry watchers believe that if U.S. AI chips are banned in China, Chinese firms will seek to fill the void in the market. On Tuesday, U.S. officials added two leading Chinese chip startups, Biren and Moore Threads, to a U.S. trade blacklist. That threshold would encompass nearly all advanced AI chips and is aimed at helping chip factories spot efforts to work around the rules.

Persons: Florence Lo, Biden, Moore, Stephen Nellis, Marguerita Choy Organizations: REUTERS, Nvidia, Taiwan Semiconductor Manufacturing, San, Thomson Locations: China, U.S, Macau, San Francisco

☆ Exclusive: China tells banks to roll over local government debts as risks mount - sources
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +6 min

Local government debt reached 92 trillion yuan ($12.58 trillion), or 76% of the country's economic output in 2022, up from 62.2% in 2019. Reuters is reporting these measures for banks to defuse local debt risks for the first time. Banks are being encouraged to issue new loans to LGFVs to repay bonds and non-standard debt, the sources said. And, Chinese investors are rushing to buy bonds of LGFVs, including from the riskiest issuers, as Beijing's attempts to reduce local debt risks encourages them to bet on an implicit government guarantee. Over 2.1 trillion yuan LGFV bonds matured in the first half of 2023, and another 1.75 trillion yuan in the second half of this year and 1.69 trillion yuan in the first half of 2024, the highest maturity pressure in history, the note said.

Persons: Tyrone Siu, ”, National Financial Regulatory Administration didn't, Banks, CLIFF LGFVs, LGFVs, Simon Cameron, Moore, Kim Coghill Organizations: AIA Central, China Construction Bank, Bank of China, Cheung, Cheung Kong Centre, HSBC, Standard Chartered Bank, REUTERS, Rights, People's Bank of China, Reuters, Treasury, National Financial Regulatory Administration, Communist Party, ANZ Research, UBS, Financial, Beijing, Shanghai, Thomson Locations: Cheung Kong, Hong Kong, China, Rights BEIJING, Beijing, Tianjin, Guizhou, Guangxi

Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. The rules restrict a broader swathe of advanced chips and chipmaking tools to a greater number of countries including Iran and Russia, and blacklist Chinese chip designers Moore Threads and Biren. Nvidia's business has soared since the imposition of last year's rules because its China-only chips are still better than alternatives. LICENSING EXPANDEDThe new measures also expand licensing requirements for exports of advanced chips to more than 40 additional countries that present risks of diversion to China and are subject to U.S. arms embargoes. The Biden administration also hit 21 countries outside China with a licensing requirement for chipmaking tools.

Persons: Florence Lo, Biden, Moore, Gina Raimondo, " Raimondo, Biren, ASML, Raimondo, Jake Sullivan, Janet Yellen, Alexandra Alper, Karen Freifeld, Stephen Nellis, David Shepardson, Max A, Chris Sanders, Jamie Freed, Daniel Wallis Organizations: REUTERS, Rights, Nvidia, Commerce, HIT, AMD, Intel, U.S, Lam Research, Materials, Embassy, Semiconductor Industry Association, Thomson Locations: China, U.S, Beijing, Iran, Russia, United States, CHINA, Macau, Netherlands, Washington

☆ Indonesian President's Son Among 'Strongest VP Candidates' for Prabowo - Party Official
▼ + stars: | 2023-10-17 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

JAKARTA (Reuters) - The eldest son of Indonesian President Joko Widodo is among the "strongest" potential running mates for Prabowo Subianto, a retired general who is a leading contender in next year's presidential election, a party official said on Tuesday. "Gibran is certainly one of the strongest candidates for Prabowo's VP... especially, after the Constitutional Court approved the petition that made him eligible to run," said Andre Rosiade, an official at Prabowo's Gerindra party. Besides Gibran, the shortlist of running mates for Prabowo includes East Java Governor Khofifah Indar Parawansa and State-owned Enterprises Minister Erick Thohir, he added. The same seven parties have agreed to back Gibran for Prabowo's vice president, according to a report in news portal Katadata citing an alliance party official. Candidates and their running mates are expected to register with the election commission between Oct 19-25.

Persons: Joko Widodo, Prabowo Subianto, Gibran Rakabuming Raka, Critics, Jokowi, Prabowo, Gibran, Andre Rosiade, Khofifah Indar, Erick Thohir, Andre said, Ananda Teresia, Kanupriya Kapoor, Simon Cameron, Moore Organizations: Prabowo, East Java, Reuters Locations: JAKARTA, Surakarta, State, Prabowo's

☆ Putin visits 'dear friend' Xi in show of no-limits partnership
▼ + stars: | 2023-10-17 | by ( Ryan Woo | ) www.reuters.com time to read: +4 min

[1/3] Russia's President Vladimir Putin arrives at Beijing Capital International Airport to attend the Third Belt and Road Forum in Beijing, China, October 17, 2023. Xi last saw his "dear friend" in Moscow just days after the warrant was issued. At the time, Xi invited Putin to attend the third Belt and Road forum in Beijing, an international cooperation forum championed by the Chinese leader. As the forum's chief guest, Putin will speak after Xi on Wednesday and will meet with the Chinese president for bilateral talks later that day. It would be Putin's third attendance of the Belt and Road Forum, which runs through Wednesday.

Persons: Vladimir Putin, Parker, Xi Jinping, Putin, Wang Wentao, Xi, Ryan Woo, Lidia Kelly, Christopher Cushing, Simon Cameron, Moore Organizations: Beijing Capital International Airport, Forum, REUTERS Acquire, Rights, Court, ICC, Reuters, Chinese Commerce, Kremlin, Beijing, Olympics, Rosneft, Gazprom, Thomson Locations: Beijing, China, Rights BEIJING, Ukraine, Hague, Soviet Union, Kyrgyzstan, Soviet, Moscow, Vietnam, Thailand, Mongolia, Laos, Russia, Asia, Africa, Europe, Putin's, Melbourne

☆ Drug retailer Rite Aid files for bankruptcy amid rising debt, opioid litigation
▼ + stars: | 2023-10-16 | by ( Abinaya V | ) www.reuters.com time to read: +2 min

A woman shops inside a Rite Aid store underneath a DeepCam security camera in New York City, New York, U.S., June 25, 2020. Rite Aid, which began as a thrift shop in 1962, became the third largest U.S. chain of drugstores in less than two decades with more than 2,000 retail stores in 17 states. Rite Aid had a total debt of $8.60 billion as of June 3, according to a filing with the U.S. Bankruptcy Court for the District of New Jersey, some of which is due in 2025. It said it will transfer employees at underperforming stores that would be closed to other locations where possible. Rite Aid joins several companies, including Mallinckrodt, that have filed for bankruptcy due to lawsuits over the U.S. opioid crisis.

Persons: Lucas Jackson, Jeffrey Stein, Elizabeth Burr, Leroy Leo, Abinaya Vijayaraghavan, Mariam Sunny, Simon Cameron, Moore, Arun Koyyur Organizations: REUTERS, Rite, U.S, Bankruptcy, District of, Aid, Thomson Locations: New York City , New York, U.S, United States, District of New Jersey, Bengaluru

☆ How to Get a 401(k) Match for Your Student Loan Payments
▼ + stars: | 2023-10-16 | by ( Aly J. Yale | ) www.wsj.com time to read: +5 min

By Aly J. YaleAfter a three-year reprieve, federal student loan payments resumed in October for more than 40 million Americans. In fact, in a recent survey 22% of student loan borrowers said they would need to reduce their retirement savings to make room for their renewed payments. Thanks to a provision in the Secure 2.0 Act, legislation aimed at improving retirement benefits nationwide, in 2024 employers will be able to start counting student loan payments as qualifying contributions toward retirement matching programs. That means if your employer offers to match your 401(k) contributions, you could get that matched money without ever depositing funds in your retirement account. However, if staying on top of your student loan payments has stopped you from leveraging your employer’s matching program—or contributing to your retirement account entirely—a student loan matching benefit can help you start saving.

Persons: Aly J, ”, Joelle, Jesse Moore, Sara Vipond, Mercer, ” Vipond, —, You’ll Organizations: Yale, Financial, Fidelity Investments, “, Treasury Department, Secure Locations: Framingham, Mass

Reuters reported in July that Indian refiners began using yuan to pay for some oil from Russian sellers, while continuing to use dollars and dirhams to settle most of their Russian oil purchases. Indian refiners buy most of their Russian oil from traders, while making some direct purchases from Russian entities. State-run Indian Oil Corp (IOC.NS), the country's top refiner, has used yuan and other currencies to pay for Russian oil, Reuters reported previously. Private Indian refiners have continued to pay in yuan and other currencies for Russian oil imports, sources said, with most Indian purchases of Russian oil paid in dirham. Indian Oil, BPCL and HPCL and the country's oil and finance ministries did not immediately respond to Reuters' requests for comments.

Persons: Tatiana Meel, Nidhi Verma, Tony Munroe, Simon Cameron, Moore Organizations: REUTERS, European Union, Reuters, Gazprom Neft, Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum, Thomson Locations: Nakhodka Bay, Nakhodka, Russia, DELHI, India, Moscow, Ukraine, United States, dirhams, Gazprom, dirham, Hong Kong, China

☆ NHL roundup: Auston Matthews’ 2nd straight hat trick lifts Leafs
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +9 min

/ Dan Hamilton-USA TODAY Sports Acquire Licensing RightsOctober 15 - Auston Matthews scored three goals for the second straight game and the Toronto Maple Leafs defeated the visiting Minnesota Wild 7-4 on Saturday night. William Nylander added two goals and an assist for the Maple Leafs, who have won their first two games of the season. Senators 5, Flyers 2Jakob Chychrun had two goals and one assist, Brady Tkachuk scored twice and host Ottawa defeated Philadelphia. Jenner got his second career hat trick by scoring three times in a span bridging the first and second periods. 1 overall pick by Chicago in the 2023 NHL Draft, assisted on Johnson's second goal, giving him a goal and two assists in his first three NHL games.

Persons: Auston Matthews, Tyler Bertuzzi, Dan Hamilton, William Nylander, Calle Jarnkrok, Mitchell Marner, Morgan Rielly, John Tavares, Ryan Hartman, Matt Boldy, Marco Rossi, Brandon Duhaime, Ilya Samsonov, Filip Gustavsson, Jakob Chychrun, Brady Tkachuk, Jake Sanderson, Vladimir Tarasenko, Claude Giroux, Anton Forsberg, Travis Konecny, Cam York, Carter Hart ., Chandler Stephenson, Hill, Greg Cronin's, Jack Eichel, Shea Theodore, Jonas Rondbjerg, Mason McTavish, John Gibson, Cronin, Dallas Eakins, Gibson, Kyle Connor, Mark Scheifele, Mason Appleton, Jets netminder Connor Hellebuyck, Winnipeg's, Evan Rodrigues, Sam Reinhart, Sergei Bobrovsky, James van Riemsdyk's, Nashville . van Riemsdyk, Charlie McAvoy's, David Pastrnak, Brad Marchand, Boone Jenner, Jenner, Erik Gustafsson, Will Cuylle, Chris Kreider, Filip Chytil, Mika Zibanejad, Alex DeBrincat, Compher, Moritz Seider, DeBrincat, Dylan Larkin, Steven Stamkos, Victor Hedman, Sean Monahan, Cole Caufield, Tanner Pearson, Sam Montembeault, Tyler Johnson, Petr Mrazek, Connor Bedard, Bryan Rust, Jake Guentzel, Evgeni Malkin, Reilly Smith, Kris Letang, Matt Coronato, Jonathan Huberdeau, Jacob Markstrom, Nils Hoglander, Sam Lafferty, Casey DeSmith, Andrei Kuzmenko, Jack Studnicka, Elias Pettersson, backstop, Ryan Nugent, Hopkins, Leon Draisaitl, Connor McDavid, Stuart Skinner, Jordan Binnington, Louis, Jordan Kyrou, Robert Thomas, Binnington, Vince Dunn's, Adam Larsson, Jaden Schwartz, Joey Daccord, Casey Cizikas, Brock Nelson, Kyle Palmieri, Ilya Sorokin, Jordan Greenway, Casey Mittelstadt, Devon Levi, Jordan Martinook, Brent Burns, Aho, Jesperi Kotkaniemi, Brendan Lemieux, Teuvo Teravainen, Anze Kopitar, Drew Doughty, Moore, Vladislav Gavrikov, Kevin Fiala, Cale Makar, Mikko Rantanen, Alexandar Georgiev, Mackenzie Blackwood, Thomas Bordeleau Organizations: CAN, Toronto Maple Leafs, Minnesota Wild, Scotiabank Arena, Maple Leafs, Toronto, Minnesota, Senators, Flyers, Ottawa, Philadelphia, Carter Hart . Golden Knights, Ducks, Greg Cronin's NHL, Anaheim, Vegas, Golden Knights, Jets, Panthers, Winnipeg, Florida, Bruins, Boston, Nashville ., Blue Jackets, Rangers, Columbus, Boston Bruins, Wings, Detroit, Tampa, Red Wings, Lightning, Canadiens, Blackhawks, Montreal, Chicago, NHL, Penguins, Flames, Pittsburgh, Calgary, Canucks, Oilers, Seattle, Blues, Islanders, Sabres, New, Hurricanes, Carolina, Los Angeles Kings, Kings, Los, Avalanche, Sharks, Colorado, San Jose, San, Thomson Locations: Toronto , Ontario, Las Vegas, Florida, New York, York, Tampa Bay, Calgary, Vancouver, Elmont, squandering, Los Angeles, San, San Jose

☆ Justin Tucker kicks six field goals, fuels Ravens past Titans
▼ + stars: | 2023-10-15 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

October 15 - Justin Tucker kicked six field goals Sunday and the Baltimore Ravens held off a Tennessee Titans' rally in the second half to earn a 24-16 win in London. That became vital when Tennessee got a 38-yard field goal from Nick Folk with 38 seconds remaining. Tucker started the scoring with a 41-yard field goal at the 10:26 mark of the first quarter, followed by Folk kicking a 26-yard field goal for the Titans. That enabled Tucker to kick a 29-yard field goal as time expired, giving Baltimore an 18-3 lead at the break. Ravens safety Kyle Hamilton was ejected in the third quarter following a helmet-to-helmet hit on Titans wide receiver Chris Moore.

Persons: Justin Tucker, Tucker, Nick, Isaiah, Lamar Jackson, Ryan Tannehill, Derrick Henry, Jackson, Tennessee's Kyle Phillips, Del'Shawn Phillips, Kyle Hamilton, Chris Moore, Moore Organizations: Baltimore Ravens, Tennessee Titans, Tennessee, Nick Folk, Ravens, AFC, Baltimore, Folk, Titans, Thomson Locations: London, Baltimore, Pittsburgh, , Tennessee, Tennessee

☆ Hurricanes blow early lead, beat Kings in 9-round shootout
▼ + stars: | 2023-10-15 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/34] Oct 14, 2023; Los Angeles, California, USA; Carolina Hurricanes Center Sebastian Aho (20) scores a goal against Los Angeles Kings Goalie Pheonix Copley (29) during the first period at Crypto.com Arena. Before the outcome was decided, Los Angeles' Pierre-Luc Dubois and Trevor Moore and Carolina's Sebastian Aho and Martin Necas converted in the shootout. The Hurricanes scored three goals in the opening 13 1/2 minutes as they began a six-game road trip. Drew Doughty, Moore and Vladislav Gavrikov also scored for Los Angeles, while Kevin Fiala posted three assists. The Kings were within 5-3 after the second period and cut the deficit to one with 8:36 left on Gavrikov's goal.

Persons: Carolina Hurricanes Center Sebastian Aho, Pheonix Copley, Yannick Peterhans, Jordan Martinook, Pierre, Luc Dubois, Trevor Moore, Carolina's Sebastian Aho, Martin Necas, Brent Burns, Aho, Jesperi Kotkaniemi, Brendan Lemieux, Teuvo Teravainen, Frederik Andersen, Anze Kopitar, Drew Doughty, Moore, Vladislav Gavrikov, Kevin Fiala, Burns, Lemieux, Kopitar, Teravainen Organizations: Carolina Hurricanes Center, Los Angeles Kings, Crypto.com, Carolina Hurricanes, Hurricanes, Kings, Los, Carolina didn't, Carolina, Ottawa Senators, North Carolina State Fair, Thomson Locations: Los Angeles , California, USA, squandering, Los Angeles, Angeles, Carolina

WASHINGTON (AP) — Charles and Kathleen Moore are about to have their day in the Supreme Court over a $15,000 tax bill they contend is unconstitutional. "If you haven’t received any income, how can you be required to pay income taxes?” Charles Moore asks in a video posted by the Competitive Enterprise Institute. But far from being a passive investor with no influence over the company, Moore, who worked at Microsoft during his career in software development, served on KisanKraft's board of directors for five years. One other inconsistency is that while the Moores say they jointly invested the money, only Charles Moore's name appears in company documents. Rosenthal said that “the ugly facts matter” and that the justices could return the Moores' case to a lower court without ruling on it.

Persons: — Charles, Kathleen Moore, Charles Moore, Moores, Paul Clement said, Donald Trump, haven’t, ” Charles Moore, Moore, Charles, KisanKraft, ” Mindy Herzfeld, Charles Moore's, ”, Reuven Avi, Yonah, Andrew Grossman, Steven Rosenthal, Rosenthal, John Roberts, Clarence Thomas, Ginni, Ravindra “ Ravi ” Kumar Agrawal, “, ” Moore, Samuel Alito, David Rivkin, Alito, Rivkin, Fatima Hussein Organizations: WASHINGTON, Enterprise Institute, Foundation, Republican, U.S . Chamber of Commerce, Competitive Enterprise Institute, Microsoft, University of Florida, KisanKraft, University of Michigan, Associated Press, Urban, Brookings Tax, Center, Moores, ___ Associated Locations: Redmond , Washington, India, county Limerick, Ireland, Nebraska, Colorado, Washington, ___

☆ Nancy Mace's quest to 'create headlines for herself' is giving her Democratic opponent fresh hope
▼ + stars: | 2023-10-14 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

AdvertisementAdvertisementYou've probably heard about Nancy Mace by now. But there's far more to Moore's campaign than simply not being Nancy Mace. In January, a federal district court in South Carolina found that Mace's district had been unconstitutionally racially gerrymandered. Republican state lawmakers appealed that ruling, kicking the final decision up the conservative-dominated Supreme Court, where oral arguments were heard on Wednesday. "I think [voters] look at Nancy Mace and believe that she is probably more motivated to get on national TV and create headlines for herself than to actually work for the people," said Moore.

Persons: Nancy, Michael B, Moore, Mace, —, Nancy Mace, strode, Nathaniel Hawthorn's, Kevin McCarthy, It's, Donald Trump's, she's, Robert Smalls, who've, Brown, Joe Cunningham, Joe Biden's, he's, Steve Bannon's Organizations: Democrat, Service, GOP, of, International African American Museum, Republican, Democratic Rep, Capitol Locations: South Carolina, Washington ,, Charleston, Washington, Mace's

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsTAIPEI, Oct 13 (Reuters) - Taiwan's TSMC (2330.TW) said on Friday it expects to receive permission from the United States to supply its China plant with U.S. chipmaking tools indefinitely, in an easing of Washington's restrictions on foreign chipmakers operating in China. "We expect to receive a permanent authorization through the VEU process," TSMC said, noting that it did not previously need to apply for VEU status. Taiwan Economy Minister Wang Mei-hua said earlier on Friday that TSMC has received the waiver from the United States to supply U.S. equipment to the company's factory in China. However, the United States is continuing efforts to cut China off from top AI technology and plug gaps in export controls. The United States last year shook relations with Beijing when it unveiled new restrictions on shipments of AI chips and chipmaking tools to China, seeking to thwart its military advances.

Persons: Dado Ruvic, TSMC, Wang Mei, Biden, chipmaker, Sarah Wu, Ben Blanchard, Sonali Paul, Muralikumar Anantharaman, Simon Cameron, Moore Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Rights, The U.S . Department of Commerce's, of Industry and Security, Reuters, Taiwan, Samsung Electronics, SK Hynix, Apple Inc, United, TSMC's, Thomson Locations: Rights TAIPEI, United States, China, The, KS, Nanjing, Beijing, TSMC's Taipei

☆ A rare solar eclipse is happening in the US this weekend and 68 million Americans have the chance to see it. Here's when, where, and how to see this spectacular 'ring of fire' safely.
▼ + stars: | 2023-10-13 | by ( Morgan Mcfall-Johnsen | Maiya Focht | ) www.businessinsider.com time to read: +9 min

Here's what causes a solar eclipse, how often they happen, and how to watch without burning your eyes. What an annular solar eclipse is, and what causes itThe entire sequence of an annular solar eclipse, from the beginning to the ring of fire. After that, the contiguous US won't see another total solar eclipse until 2044, or an annular eclipse until 2046. AdvertisementAdvertisementThe paths of the October 2023 annular solar eclipse (left) and the 2024 total solar eclipse (right). How to view a solar eclipse without burning your eyesIf you look at a solar eclipse with no protection, you could damage your eyes.

Persons: —, annularity, MDT, you'll, goh keng cheong, Guhathakurta, Sertac Kayar, Alex Lockwood, Donald Trump, Melania, Barron, Kevin Lamarque, Connie Moore Organizations: Service, NASA, NASA's, US, White, National Park Service, NPS Locations: Oregon, Texas, annularity Eugene, , California, , Nevada, Richfield , Utah, MDT Albuquerque, New Mexico, MDT San Antonio , Texas, Colorado, New York, Diyarbakir, Turkey, Maine, Corpus Christi , Texas

☆ Sri Lanka president to visit China as debt talks progress - source
▼ + stars: | 2023-10-13 | by ( Uditha Jayasinghe | ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsCOLOMBO, Oct 13 (Reuters) - Sri Lankan President Ranil Wickremesinghe will visit China next week as the crisis-hit country makes progress on debt restructuring talks with its biggest lender, a source in his office told Reuters on Friday. The Sri Lankan leader could also meet China's finance and foreign ministers, the source added. The president's media office and Sri Lankan foreign ministry did not immediately respond to requests for comment. Sri Lanka owes Chinese lenders - bilateral and commercial - around $7 billion. Sri Lanka needs to reach agreements with creditors to push forward its first review of the IMF programme, which will release a second tranche of about $334 million.

Persons: Ranil Wickremesinghe, Brendan McDermid, Wickremesinghe, Xi Jinping, Xi, Uditha Jayasinghe, Simon Cameron, Moore Organizations: Sri, General Assembly, REUTERS, Rights, Monetary Fund, Forum, China's, Export, Import Bank of China, IMF, Thomson Locations: New York City, U.S, Sri, China, Beijing, Lankan, Sri Lanka, Japan, India

☆ Country Garden founding family provides $300 mln loan, selling jet - report
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +1 min

The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsHONG KONG, Oct 13 (Reuters) - The founding family of Country Garden (2007.HK) recently loaned the embattled Chinese property developer $300 million interest free, and the family was also trying to sell its private jet, a Chinese online news outlet, The Paper, reported on Friday. Another online news outlet, Cailianshe, reported earlier that founder Yeung Kwok Keung had already sold a new jet and was trying to sell another. Country Garden declined to comment. Country Garden's 30-day grace periods to make the missed coupon payments will start expiring next week.

Persons: Aly, Yeung Kwok Keung, Yeung, Mo Bin, Yang Huiyan, Clare Jim, Simon Cameron, Moore Organizations: Shanghai Country Garden, REUTERS, HK, Thomson Locations: Shanghai, China, HONG KONG, Shunde, Guangdong province

☆ Explainer: Goldman Sachs and its role in the multi-billion dollar 1MDB scandal
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +5 min

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. 1MDB was a sovereign fund set up in 2009 with the help of Malaysian financier Jho Low to promote economic development. The United States has said the 1MDB case was its largest ever kleptocracy investigation. Low, a fugitive, has been charged in Malaysia and the United States over his central role in the case. Goldman has been investigated by regulators in at least 14 countries for its role in underwriting the 1MDB bond issues.

Persons: Goldman Sachs, Andrew Kelly, Najib Razak, Goldman, 1MDB, Jho Low, Najib, Low, GOLDMAN, Tim Leissner, Roger Ng, Goldman's, Anwar Ibrahim, Simon Cameron, Moore Organizations: New York Stock Exchange, REUTERS, Goldman Sachs, Malaysia, Malaysian, 1Malaysia, U.S . Department of Justice, The United, DoJ, United Malays National Organisation, GOLDMAN, London Court, Thomson Locations: New York City , New York, U.S, KUALA LUMPUR, The United States, Malaysia, United States, China, Beijing, MALAYSIA, Malaysian

☆ Malaysia says Goldman Sachs suit 'premature' amid dispute over 1MDB settlement
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Olivia Harris/File Photo Acquire Licensing RightsKUALA LUMPUR, Oct 12 (Reuters) - A Malaysian government task force said on Thursday it viewed Goldman Sachs' (GS.N) filing of arbitration proceedings as premature, after the firm sued Malaysia in a British court this week amid an escalating dispute over a 2020 settlement deal. Goldman Sachs in 2020 had agreed to pay $3.9 billion to settle Malaysia's criminal probe over its role in the multi-billion dollar 1MDB corruption scandal. Malayia's 1MDB task force said Goldman Sachs had requested an extension on a Nov. 8 deadline for discussions to settle the dispute. Goldman Sachs lodged its suit less than two months after Malaysian Prime Minister Anwar Ibrahim threatened to take the company to court. Goldman had helped 1MDB raise $6.5 billion in two bond offerings, earning itself $600 million in fees, according to the U.S. Justice Department.

Persons: Olivia Harris, Goldman Sachs, Goldman, Malayia's, Johari Abdul Ghani, Johari, Anwar Ibrahim, Rozanna Latiff, Martin Petty, Simon Cameron, Moore Organizations: Development, Exchange, REUTERS, Malaysia, Malaysian, U.S . Justice Department, Thomson Locations: Kuala Lumpur, Malaysia, KUALA LUMPUR, Malaysian, U.S

And others, still, cited grievances with Scalise’s record or with maintaining the status quo by elevating the No. By Thursday afternoon, even lawmakers Scalise had previously flipped changed their minds, and his backing began deteriorating. And in a razor-thin GOP majority, Scalise needs the support of all but four of his conference to secure the gavel if every Democrat casts a ballot. “I love Steve Scalise,” Rep. Andy Ogles of Tennessee said heading into the conference meeting to determine the next steps. “I think we need to start voting.”Others said the disagreement should be fleshed out in private before proceeding to a floor vote.

Persons: Steve Scalise, “ We’re, Scalise, it’s, Jim Jordan of, Jordan, Kevin McCarthy, Max Miller of, Marjorie Taylor Greene, Thomas Massie of, Chip Roy, Nancy Mace, Carlos Gimenez, Lauren Boebert, Bob Good, Michael Cloud of, Barry Moore of, Lloyd Smucker, George Santos, George Santos of New York –, McCarthy, Matt Gaetz, speakership, Scalise’s speakership, ”, hasn’t, “ We’ve, Michael McCaul, “, Andy Ogles, I’m, Steve, ” Greene, Ralph Norman of, Donald Trump – Organizations: Louisiana Republican, Scalise, – Rep, Max Miller of Ohio, George Santos of New York, speakership, Rep, Republican, ” Locations: mended, Jim Jordan of Ohio, Marjorie Taylor Greene of Georgia, Texas, South Carolina, Carlos Gimenez of Florida, Colorado, Virginia, Michael Cloud of Texas, Barry Moore of Alabama, Pennsylvania, George Santos of, Florida, California, George Santos of New York, Israel, Tennessee, Ralph Norman of South Carolina

☆ Wells Fargo rolls out financial planning tool to almost 70 mln customers
▼ + stars: | 2023-10-12 | by ( Nupur Anand | Thomson Reuters | Nupur Anand Is A U.S. Banking Correspondent At Reuters In New York. She Focuses On Jpmorgan Chase | ) www.reuters.com time to read: +1 min

Wells Fargo Bank branch is seen in New York City, U.S., March 17, 2020. REUTERS/Jeenah Moon Acquire Licensing RightsNEW YORK, Oct 12 (Reuters) - Wells Fargo (WFC.N) will expand access to a financial planning tool to its nearly 70 million customers after initially offering it to wealth clients earlier this year, the bank said on Thursday. The Life Sync tool allows mobile users to set and track financial goals, check their credit scores and connect with financial advisers. "We already have around 100,000 goals" set on the tool, which account for $24 billion in financial plans, said Michael Liersch, head of advice and planning at Wells Fargo. Wells Fargo, the fourth largest U.S. bank, will report its third-quarter earnings on Friday.

Persons: Wells, Michael Liersch, Michelle Moore, Nupur Anand, Lananh Nguyen, Cynthia Osterman Organizations: REUTERS, Rival Bank of America's, U.S, Thomson Locations: Wells Fargo Bank, New York City, U.S, Wells Fargo, New York

☆ Australian billionaire Gina Rinehart accumulates 19.9% stake in Albemarle target Liontown
▼ + stars: | 2023-10-11 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +1 min

Gina Rinehart poses in Western Australia in this undated handout photo obtained January 23, 2018. Hancock Prospecting/Handout via REUTERS/File Photo Acquire Licensing RightsSYDNEY, Oct 11 (Reuters) - Australian billionaire Gina Rinehart has taken a 19.9% stake in lithium miner Liontown Resources (LTR.AX), her company Hancock Prospecting said on Wednesday, potentially hindering a takeover bid launched by U.S. mining giant Albemarle Corp (ALB.N). Hancock has steadily built its stake since September, when Albemarle Corp lodged its bid for Liontown. The U.S. miner needs 75% support from Liontown investors who vote on the deal to succeed with its bid. Under Australian takeover rules, a single shareholder must declare its intention if its stake moves above 19.9%.

Persons: Gina Rinehart, Hancock, Albemarle's, Scott Murdoch, Jacqueline Wong, Simon Cameron, Moore Organizations: REUTERS, Rights, Corp, Albemarle Corp, Liontown, Australian, Thomson Locations: Western Australia, U.S, Albemarle

☆ Menstrual product makers form coalition to reimburse ‘tampon tax’ to shoppers
▼ + stars: | 2023-10-11 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +6 min

Texas became the latest state to repeal tax on period products by passing a bill that went into effect September 1, 2023. So the idea of a tampon tax is kind of a misnomer,” said Loughead. The sales tax on period products is only one part of a multi-faceted challenge for consumers who need them, advocacy groups said. “The end goal Is that we take down the tampon tax. When I started this work, the tampon tax was in 40 states and now it’s in 21.

Persons: Cora, Lola, Rael, Flo, Saalt, ”, Nadya Okamoto, Okamoto, “, ” Okamoto, Katherine Loughead, ” Loughead, Troy Moore, Moore, It’s Organizations: New, New York CNN, Coalition, Paypal, CVS, Target, Tax Foundation, Washington DC, National, Bank Locations: New York, Texas, Target, Washington, United States

☆ Sen. Capito: The situation in Israel will have 'a marked effect' on potential government shutdown
▼ + stars: | 2023-10-11 | 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 EmailSen. Capito: The situation in Israel will have 'a marked effect' on potential government shutdownSen. Shelley Moore Capito (R-W.Va.) joins 'Squawk Box' to discuss the latest developments in Israel-Hamas war, the battle for the next House Speaker, the leadership role of the U.S. in the world, and more.

Persons: Email Sen, Sen, Shelley Moore Capito Organizations: Email Locations: Israel

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