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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. Powell and Philadelphia Fed President Patrick Hasker will speak at a roundtable discussion, due 11 a.m. Later in the day, Cleveland Fed President Loretta Mester will speak on the outlook for the U.S. economy. Rivian Automotive (RIVN.O) advanced 2.9% after Evercore ISI raised the EV maker's stock to "outperform" from "in line". Reporting by Shubham Batra and Shashwat Chauhan in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Jerome Powell, Patrick Hasker, Loretta Mester, Russell Hackmann, Kevin McCarthy, bitcoin, Piper Sandler, Goldman Sachs, Shubham Batra, Shashwat Chauhan, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal, Philadelphia Fed, Cleveland Fed, Hackmann Wealth Partners, Democratic, Republican, Dow e, Nvidia, Rivian, ISI, EV, Thomson Locations: New York City, U.S, Powell, Singapore, Bengaluru

☆ Pegatron India fire traced to workers' failure to turn off switch -sources
▼ + stars: | 2023-09-27 | by ( Praveen Paramasivam | ) www.reuters.com time to read: +4 min

People are seen outside the main gate of the Pegatron facility following a fire incident at the facility near Chennai, India, September 26, 2023. A senior Tamil Nadu government source, and another industry source briefed on the matter, detailed how Sunday's events unfolded. One smartphone industry source with direct knowledge said the charging racks at the Pegatron plant are typically switched off after three Saturday shifts end early on Sundays. The fire damaged some machines, said the government source and another source with direct knowledge, who spoke on condition of anonymity. About 8,000 people work on the assembly line at the Pegatron facility, which sprawls across 39,000 sq.

Persons: Praveen, Pegatron, Praveen Paramasivam, Munsif, Faith Hung, Ben Blanchard, Aditya Kalra, Clarence Fernandez Organizations: REUTERS, Sunday, Reuters, Apple, Tamil, Firemen, Thomson Locations: Chennai, India, Tamil Nadu, Taiwan, Chengalpattu, Bengaluru, Taipei

[1/4] Bening Widayati, 40, sells clothes live on a social media platform inside her stall at the International Trade Center (ITC) mall in Jakarta, Indonesia, September 27, 2023. The government said the move, which takes effect immediately, is aimed at protecting offline merchants and marketplaces, adding that predatory pricing on social media platforms is threatening small and medium-sized enterprises. The move comes just three months after TikTok pledged to invest billion of dollars in Southeast Asia, mainly in Indonesia, over the next few years in a major push to build its e-commerce platform TikTok Shop. He warned of letting social media become an e-commerce platform, shop, and bank all at the same time. Indonesia Deputy Trade Minister Jerry Sambuaga earlier this month named TikTok's live streaming features as an example of people selling goods on social media.

Persons: Widayati, Willy Kurniawan, TikTok, China's ByteDance, Zulkifli Hasan, Zulkifli, Jerry Sambuaga, Fahmi, Edri, Dewi Kurniawati, Stefanno Sulaiman, Fransiska Nangoy, Stanley Widianto, Johan Purnomo, Kanupriya Kapoor, Alexandra Hudson, Miyoung Kim, Mark Porter Organizations: International Trade Center, REUTERS, Indonesia Trade, Wednesday, Reuters, Indonesia Deputy Trade, Research, BMI, HK, Lazada, Momentum Works, Thomson Locations: Jakarta, Indonesia, Southeast Asia, JAKARTA, Shop, TikTok, Europe, United States

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsSept 26 (Reuters) - Approvals on new exchange-traded funds, including bitcoin spot ETFs, could face delays if the U.S. government shuts down next month for the fourth time in a decade. "I'm not sure if ETFs that have been filed for approval can move forward with the government shutdown," said Todd Rosenbluth, head of research at VettaFi. "This would just delay yet another decision on the never ending spot Bitcoin decision," said Todd Sohn, ETF and technical strategist at Strategas Securities. "ETFs are just pass through vehicles ... impact on the underlying markets will obviously impact ETFs," said Hector McNeil, co-CEO and founder of HANetf. "People will also probably pause if they're about to launch (new ETFs) and wait for steady waters."

Persons: Dado Ruvic, Exchange Commission's, Gary Gensler, I'm, Todd Rosenbluth, Todd Sohn, Hector McNeil, Bansari Mayur, Ira Iosebashvili, Anil D'Silva Organizations: REUTERS, Securities, Exchange, SEC, Strategas Securities, Thomson Locations: U.S, Bengaluru

☆ Senate Republicans and Democrats near deal to help avoid govt shutdown - Bloomberg News
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: 1 min

A general view of the U.S. Capitol, where Congress will return Tuesday to deal with a series of spending bills before funding runs out and triggers a partial U.S. government shutdown, in Washington, U.S. September 25, 2023. REUTERS/Jonathan Ernst Acquire Licensing RightsSept 25 (Reuters) - U.S. Senate Republicans and Democrats are nearing an agreement on a short-term spending measure intended to avoid a US government shutdown on Oct. 1, Bloomberg reported on Monday, citing a person familiar with the talks. Legislation would prolong funding for four to six weeks, according to the unnamed person. Some hard-line Republicans in the House of Representatives, however, are vowing to withhold votes for a stopgap. Reporting by Costas Pitas; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: Jonathan Ernst, Costas Pitas, Himani Sarkar Organizations: U.S . Capitol, REUTERS, U.S, Senate Republicans, Democrats, Bloomberg, Thomson Locations: Washington , U.S

NEW DELHI/MUMBAI, Sept 25 (Reuters) - India is considering spending 600 billion rupees ($7.2 billion) to provide subsidised loans for small urban housing over the next five years, two government sources told Reuters. The scheme will offer an annual interest subsidy of between 3-6.5% on up to 0.9 million rupees of the loan amount. Housing loans below five million rupees availed for a tenure of 20 years will be eligible for the proposed scheme, the sources said. "The interest subvention will be credited upfront to the housing loan account of beneficiaries. Mails sent by Reuters seeking a response from the Ministry of Housing and Urban Development and the Ministry of Finance remained unanswered.

Persons: Banks, Narendra Modi, Modi, Sarita Chaganti Singh, Anil D'Silva Organizations: NEW, Reuters, Indian, Ministry of Housing, Urban Development, Ministry of Finance, Siddhi, Thomson Locations: NEW DELHI, MUMBAI, India, finalisation, New Delhi, Siddhi Nayak, Mumbai

☆ JPMorgan adding India local govt bonds to index to trigger higher inflows
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +3 min

India's local bonds will be included in the Government Bond Index-Emerging Markets (GBI-EM) index and the index suite, benchmarked by about $236 billion in global funds according to JPMorgan. JPMorgan said 23 Indian Government Bonds (IGBs) with a combined notional value of $330 billion are eligible. "India's weight is expected to reach the maximum weight threshold of 10% in the GBI-EM Global Diversified (.JPMGBIEMGD), and approximately 8.7% in the GBI-EM Global index," said JPMorgan. Foreign investor buying in Indian bonds has remained tepid with net purchases of $3.4 billion so far in 2023. The Indian rupee rose 0.3% in offshore trade before local markets opened while traders expected local bond yields to fall sharply.

Persons: Thomas White, ”, Sanjeev Sanyal, Aftab Ahmed, Rodrigo Campos, Sarita Singh, Chris Reese, David Gregorio, Christian Organizations: REUTERS, JPMorgan, Government Bond, Global, Council, Securities, DBS, Thomson Locations: India, Egypt, New Delhi, New York

☆ Poland's Govt to Run Ad Defending Migrant Policy Before Screenings of Critical Movie
▼ + stars: | 2023-09-21 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +2 min

WARSAW (Reuters) - Poland's government plans to run adverts ahead of some screenings of the prize-winning refugee drama "Green Border" to defend its treatment of migrants crossing the frontier from Belarus, a minister said on Thursday. Directed by veteran Polish filmmaker Agnieszka Holland, the film has drawn a furious response from conservatives in Poland ahead of its release in Polish cinemas on Friday. It says the film's depiction of what happens to migrants crossing into Poland from the east dishonours those who are protecting their country. "In arthouse cinemas throughout Poland, screenings will be preceded by a special ad about elements missing in the film", he told reporters. Director Holland has previously rejected criticism of the film, saying that it is "an attempt to give voice to those who are voiceless".

Persons: Agnieszka Holland, Blazej Pobozy, Holland, Pawel Florkiewicz, Anna Wlodarczak, Toby Chopra Organizations: Law and Justice, Migrants Locations: WARSAW, Belarus, Poland, Syria, Afghanistan, Russian, Europe, Brussels, Venice

☆ Yellen says U.S. 'soft landing' can weather strike, govt shutdown, student loan risks
▼ + stars: | 2023-09-19 | by ( David Lawder | ) www.reuters.com time to read: +5 min

U.S. Treasury Secretary Janet Yellen speaks during an interview in New York City, U.S., September 18, 2023. President Joe Biden's administration is working to encourage both sides to resolve the strike quickly, Yellen said. The U.S. Treasury market "continues to function pretty well" despite higher rates and some volatility, she said. But nothing that is really out of line with what you would expect given the volatility in the underlying market," Yellen added. CHINA "DE-RISKING"She said China's economic slowdown would have a limited impact on U.S. growth, echoing recent comments from Deputy Treasury Secretary Wally Adeyemo.

Persons: Janet Yellen, Shannon Stapleton, Yellen, Joe Biden's, Biden, Kevin McCarthy, Wally Adeyemo, Gina Raimondo's, David Lawder, Chizu Organizations: Treasury, REUTERS, . Treasury, Reuters, United Auto Workers, Federal Reserve, UAW, Detroit automakers, Republicans, U.S . Senate, U.S . Treasury, Thomson Locations: New York City, U.S, Detroit, United States, CHINA, China

☆ Fmr. Sen. Gregg: Govt shutdown for GOP is like 'playing Russian roulette with all the chambers full'
▼ + stars: | 2023-09-18 | 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 EmailFmr. Sen. Gregg: Govt shutdown for GOP is like 'playing Russian roulette with all the chambers full'Former Senator and New Hampshire Governor Judd Gregg (R-N.H.) and former Senator and Indiana Governor Evan Bayh (D-Ind.) join 'Squawk Box' to discuss looming government shutdown, whether a government shutdown is a good strategy, what the best path forward is, and more.

Persons: Sen, Gregg, Judd Gregg, Evan Bayh Organizations: GOP, New Hampshire, Indiana Locations: Russian

☆ US House to vote on stopgap govt spending measure on Thursday
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: 1 min

World at Work category · September 18, 2023 · 6:00 PM UTCNegotiators for the Writers Guild of America and Hollywood's major studios will resume contract talks on Wednesday to try and end a work stoppage that has disrupted production for more than four months.

Organizations: Writers Guild of America

☆ Prominent Egyptian activist and govt critic jailed for six months
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +2 min

Hisham Kassem, a former newspaper publisher publisher and political activist, speaks during an interview with Reuters TV at his family's cemetery, in Cairo, Egypt, June 13, 2023. Kassem is a leader of al-Tayar al-Hurr, or Free Current, a newly formed liberal group. No serious challenge is expected against Sisi, a former army chief who has continued backing from the security forces. Kassem, a former publisher of Al-Masry Al-Youm newspaper, had started then suspended a hunger strike while in detention. Sisi has presided over a far-reaching crackdown on political dissent that has swept up critics from across the political spectrum.

Persons: Hisham Kassem, Ahmed Fahmy, Abdel Fattah al, Kassem, Nasser Amin, Amin, Sisi, Masry, Aidan Lewis, Omar Abdel, Nick Macfie Organizations: Reuters TV, REUTERS, Rights, Saturday, Sisi, Authorities, U.S, Thomson Locations: Cairo, Egypt, Rights CAIRO, United States

Swedbank estimates the current shortfall for Heimstaden Bostad could be roughly 30 billion crowns ($2.7 billion). Sweden's financial regulator launched an inquiry into why and how Alecta had invested $4.5 billion in the property giant, in the first place. "If interest rates continue to rise and it's coupled with unemployment, that's what we are afraid of." With interest rates still climbing, analysts such as Marcus Gustavsson of Danske Bank, believe the worst is not yet over. "With rising interest rates, that funny money has turned into real money and it is painful."

Persons: Heimstaden Bostad, Alecta, Christian Dreyer, Karolina Ekholm, Heimstaden's Dreyer, we're, Dreyer, Niklas Wykman, Heimstaden, David Perez, Marcus Gustavsson, Andreas Cervenka, Sweden, Simon Johnson, Johan Ahlander, Greta Rosen Fondahn, Chiara Elisei, John O'Donnell, Hugh Lawson Organizations: International Monetary Fund, GOVT, Sweden's, Financial, Reuters, SBB, Danske Bank, Thomson Locations: STOCKHOLM, Nordic, Stockholm, Berlin, Sweden, Heimstaden, Germany, Gdansk, London

☆ Italy plans to ask Apple to upgrade iPhone 12 software in country -govt source
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: 1 min

A man poses with an Apple iPhone 12 in a mobile phone store in Nantes, France, September 13, 2023. REUTERS/Stephane Mahe Acquire Licensing RightsMILAN, Sept 15 (Reuters) - Italy plans to ask Apple (AAPL.O) to issue a software update for iPhone 12 users in the country, according to a government source, after the U.S. company offered to make similar changes in France to end a row with regulators there over breaches of radiation exposure limits. Reporting by Elvira Pollina in Milan; writing by Josephine Mason; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Stephane Mahe, Elvira Pollina, Josephine Mason, Jason Neely Organizations: Apple, REUTERS, U.S ., Thomson Locations: Nantes, France, Italy, U.S, Milan

☆ ICON to partner with US govt agency to test COVID vaccine candidates
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

Vials labelled "VACCINE Coronavirus COVID-19" and a syringe are seen in front of a displayed U.S. flag in this illustration taken December 11, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsCompanies Icon Plc FollowBioNTech SE FollowModerna Inc Follow Show more companiesSept 13 (Reuters) - Contract research firm ICON Plc (ICLR.O) said on Wednesday it is partnering with the U.S. government for a clinical trial to test the effectiveness of next generation COVID-19 vaccine candidates. As part of the collaboration with Biomedical Advanced Research and Development Authority, ICON will conduct a mid-stage trial of 10,000 participants to assess the efficacy of a next generation COVID-19 vaccine relative to currently available shots. The U.S. agency will select the vaccine candidate for the trial. The U.S. Food and Drug Administration on Monday authorized updated COVID-19 vaccines from Pfizer (PFE.N)/BioNTech (22UAy.DE) and Moderna (MRNA.O) that target the XBB.1.5 subvariant of the virus.

Persons: Dado Ruvic, Pratik Jain, Saumyadeb Chakrabarty, Shounak Organizations: REUTERS, U.S, Research, Development Authority, U.S . Food, Drug Administration, Pfizer, Moderna, Thomson Locations: U.S, Bengaluru

[1/2] 'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. X and India's IT ministry did not respond to Reuters' request for comment. Formerly known as Twitter, X has an ongoing legal tussle with Prime Minister Narendra Modi's administration over what New Delhi alleges is non-compliance with content removal orders. In June, Karnataka's High Court fined the platform 5 million rupees ($60,291) and said it had not complied with many blocking orders without any plausible explanation. In the latest court filing, India's government argues X is "advocating a dangerous trend" by seeking to judge the merits of government orders and that, if allowed, would make all platforms the "final arbitrator of lawful orders".

Persons: Carlos Barria, X, Elon Musk's, Narendra Modi's, Musk's Tesla, Arpan Chaturvedi, Aditya Kalra, Sharon Singleton Organizations: REUTERS, Reuters, India's, Karnataka's High, Twitter, Musk, Thomson Locations: San Francisco , California, U.S, India, DELHI, Karnataka, Delhi, Karnataka's, New Delhi

☆ New Musk biography offers fresh details about the billionaire's Ukraine dilemma
▼ + stars: | 2023-09-07 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +5 min

But the episode reveals the unique position Musk found himself in as the war in Ukraine unfolded. Even as cellular phone and internet networks had been destroyed, the Starlink terminals allowed Ukraine to fight and stay connected. But once Ukraine began to use Starlink terminals for offensive attacks against Russia, Musk started to second-guess that decision. “How am I in this war?” Musk asks Isaacson. SpaceX had spent tens of millions of its own money sending the satellite equipment to Ukraine, according to Musk.

Persons: CNN — Elon Musk, Walter Isaacson’s, Elon Musk, ” Isaacson, Isaacson, Simon & Schuster, Musk, Steve Jobs, Albert Einstein, “ Starlink, ” Musk, Joe Biden’s, Jake Sullivan, Mark Milley, Mykhailo Fedorov, “, —, ” Fedorov, Clodagh Kilcoyne, Ukraine “, –, tweeting, ” Gwynne Shotwell, Shotwell, Elon Organizations: CNN, Russian, SpaceX, Netflix, Reuters, Pentagon, US Locations: Crimean, Ukrainian, Russian, Russia, Crimea, Ukraine, Washington, Moscow

☆ SpaceX president was reportedly upset that Elon Musk kept financing Starlink in Ukraine before Pentagon deal: 'Elon succumbed to the bullshit on Twitter'
▼ + stars: | 2023-09-07 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

SpaceX president Gwynne Shotwell was upset when Elon Musk kept financing Starlink in Ukraine, per a new book. Musk had reportedly told the Pentagon Starlink equipment could no longer be sent to Ukraine for free. SpaceX had spent millions of dollars sending Starlink terminals to Ukraine, Musk told Isaacson. In June, Bloomberg reported that SpaceX had won a deal with the Pentagon for it to pay for the satellite service in Ukraine. "Starlink was not meant to be involved in wars," Isaacson said Musk told him.

Persons: Gwynne Shotwell, Elon Musk, Musk, Walter Isaacson, Shotwell, Isaacson, Elon, Shotwell's, Starlink, we'll, Mykhailo Fedorov, " Isaacson, Ian Bremmer, Ronan Farrow, Farrow, Vladimir Putin, Putin Organizations: Pentagon, Service, SpaceX, US Department of Defense, CNN, Department of Defense, Bloomberg, Russia, Ukraine —, Netflix, New York Magazine Locations: Ukraine, Wall, Silicon, Russian, Ukrainian, Russia, Crimea, Starlink, New

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. "Every Fed governor comes out and says they look for the data and that data point today is definitely something that's a little bit more inflationary." Declining issues outnumbered advancers by a 2.14-to-1 ratio on the NYSE and by a 2.06-to-1 ratio on the Nasdaq. The S&P index recorded three new 52-week highs and 24 new lows, while the Nasdaq recorded 32 new highs and 119 new lows. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Segar, Martin, Joe Saluzzi, Susan Collins, megacaps, Johnson, Lockheed Martin, Shristi Achar, Vinay Dwivedi Organizations: Wall, New York Stock Exchange, REUTERS, Dow, Nasdaq, Apple, Institute for Supply Management, Traders, Themis, Boston, Nvidia, Treasury, Healthcare, Johnson, HSBC, thefly.com, Federal Reserve, Dow Jones, Lockheed, NYSE, Thomson Locations: Manhattan, New York City , New York, U.S, China, Chatham , New Jersey, Bengaluru

☆ Proposal on cryptocurrencies to be discussed at G20 leaders' summit - govt source
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: 1 min

A Central Reserve Police Force personnel patrols a road next to a hoarding ahead of the G20 Summit in New Delhi, India, September 6, 2023. REUTERS/Amit Dave Acquire Licensing RightsNEW DELHI, Sept 6 (Reuters) - A proposal by the International Monetary Fund and Financial Stability Board (FSB) on cryptocurrencies will be discussed at the G20 leaders' summit this weekend, a government source said on Wednesday. A paper on cryptocurrencies by the IMF and FSB has been submitted to participating countries, the source said, adding that India has also prepared a presidential note that will include the summary of the report. Reporting by Sakshi Dayal; Editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Amit Dave, Sakshi Dayal, Christina Fincher Organizations: Central Reserve Police Force, REUTERS, International Monetary Fund, IMF, FSB, Thomson Locations: New Delhi, India, DELHI

In a sign of growing pessimism over China, the government also said its monthly economic report for August that "concern over China's outlook" was among risks to Japan's recovery. "Exports to China had already been weak and headwinds to inbound tourism are clearly bad for Japan's economy," said Toru Suehiro, chief economist at Daiwa Securities. "All in all, it's hard to justify tightening monetary policy any time soon." Firms also promised wage hikes unseen in three decades this year, heightening the case for a retreat from decades of ultra-loose monetary policy. The darkening outlook for Japan's recovery may push back the timing of a BOJ policy shift.

Persons: Marko Djurica, Kazuo Ueda's, Hiroyuki Ogawa, Ogawa, Takeshi Niinami, Toru Suehiro, Ueda, Toyoaki Nakamura, Seisaku Kameda, Tetsushi Kajimoto, Sam Holmes Organizations: REUTERS, Bank of Japan's, Reuters, Japan, Komatsu Ltd, Komatsu, Suntory Holdings, Daiwa Securities, Japan's Sompo Holdings, Thomson Locations: Tokyo, Japan, China, TOKYO, Beijing, United States

☆ China bans govt officials from using iPhone for work -WSJ
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

A man holds an iPhone 14 as Apple Inc's new models go on sale at an Apple store in Beijing, China, September 16, 2022. The orders were given by superiors to their staff in recent weeks and it wasn't clear how widely the orders were being distributed, the WSJ said. China has in recent years grown more concerned over data security and has rolled out new laws and compliance requirements for companies. The latest restriction by China mirrors similar bans taken in the United States against Chinese smartphone maker Huawei and short video platform TikTok, owned by China's ByteDance. China is one of Apple's biggest markets and generates nearly one-fifth of its revenue.

Persons: Thomas Peter, Gina Raimondo, China's ByteDance, Baranjot Kaur, Savio D'Souza, Miral Organizations: Apple, REUTERS, Wall Street, China's, Information Office, Washington, planemaker Boeing, Micron Technology, . Commerce, Huawei, Thomson Locations: Beijing, China, Sino, U.S, United States, Bengaluru

☆ Iraqi security forces deploy in Kirkuk after four protesters killed in ethnic clashes
▼ + stars: | 2023-09-03 | by ( ) www.reuters.com time to read: +2 min

A view of the city of Kirkuk shows a flame from an oilfield in the distance, October 25, 2010. Four protesters were shot dead on Saturday in clashes between ethnic groups in Kirkuk that broke out after days of tensions. But security forces had deployed additional troops on the streets to "prevent violence and protect civilians", he said. Military helicopters flew over the city on Sunday, according to four Kirkuk residents who spoke to Reuters by phone. Arab residents and minority groups, who say they suffered under Kurdish rule, have protested the KDP's return to the city.

Persons: Saad Shalash, Amir Shwani, Shwani, Ahmed Rasheed, Ros Russell, Hugh Lawson Organizations: REUTERS, Security, SULAIMANIYA, Police, Kurdistan Democratic Party, KDP, Military, Reuters, Sunday, Iraq's Shi'ite, Thomson Locations: Kirkuk, Iraq

High food prices are a concern for all European governments, with retailers and consumer goods groups trading blame. In Hungary, Prime Minister Viktor Orban has imposed mandatory price cuts on some basic food items. And in Portugal, the government announced in March a package to help low-income families, including scrapping the value added tax on essential food products. French retailers have called for more regular price negotiations with consumer goods companies to reflect changes in the price of raw materials. This year those negotiations led to a 10% increase on the price of products on supermarket shelves.

Persons: Eric Gaillard, Bruno Le Maire, Mousquetaires, Thierry Cotillard, It's, Carrefour Alexandre Bompard, Viktor Orban, Le Maire, Dominique Vidalon, Helen Reid, Silvia Aloisi, Ingrid Melander, Bernadette Baum, David Evans, David Gregorio Our Organizations: REUTERS, Rights, French Finance, Federation du Commerce, RTL, Carrefour, FDC, Thomson Locations: Nice, France, Italy, Hungary, Portugal, Paris, London

☆ Japan at 'inflection point' in 25-year battle with deflation - govt
▼ + stars: | 2023-08-29 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

TOKYO (Reuters) - Japan may be at an inflection point in its 25-year battle with deflation as price and wage rises show signs of broadening, the government said on Tuesday, signalling its conviction the economy was nearing an end to prolonged stagnation. “Japan has seen price and wage rises broaden since the spring of 2022. Such changes suggest the economy is reaching a turning point in its 25-year battle with deflation,” the government said in its annual economic white paper. Companies this year offered their highest pay in three decades, heightening the case for a retreat from decades of ultra-loose monetary policy. Since declaring Japan in a state of deflation in 2001, the government has made ending price falls among its top policy priorities.

Organizations: REUTERS, Bank of Japan, Companies Locations: TOKYO, Japan, Tokyo

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