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☆ FOREX Dollar weaker after data burst, euro rises on ECB comments
▼ + stars: | 2023-06-27 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

Additional data on single-family new home sales in May and home prices in April also indicated the housing market has been able to weather rising interest rates from the U.S. Federal Reserve. Morgan Stanley said on Tuesday it was now expecting the Fed to hike its key interest rate by 25 basis points in July, from an earlier estimate of a pause, raising its terminal rate forecast to 5.375%. The euro was up 0.49% to $1.0957 after climbing to $1.0976, the highest since June 22, after comments from ECB officials. Other ECB policymakers weren't anticipating clear evidenceinflation is easing enough that would enable the central bank to pause their interest rate hikes. The euro rose 0.84% against the yen at 157.830.

Persons: Christine Lagarde, Joseph Trevisani, Morgan Stanley, Shunichi Suzuki, Lagarde, Sterling, Jerome Powell, Andrew Bailey, Kazuo Ueda, Yevgeny Prigozhin, Vladimir Putin, Chuck Mikolajczak, David Evans, Alex Richardson Organizations: YORK, European Central Bank, greenback, U.S, Conference Board, U.S . Federal, Bank of Japan, Japan's Finance, ECB, Federal, Bank of England, Thomson Locations: U.S, Russian, Belarus

NEW YORK, June 23 (Reuters) - Donald Trump will deposit $5.55 million with a federal court as security while the former U.S. president appeals a jury verdict that he sexually abused and defamed the writer E. Jean Carroll. Carroll would collect her $5 million if Trump's appeals, including potentially to the Supreme Court, were unsuccessful. Carroll's lawyers agreed to the $5.55 million deposit. She is also seeking punitive damages, after he repeated his denials in a CNN town hall one day after the jury verdict. The case is Carroll v Trump, U.S. District Court, Southern District of New York, No.

Persons: Donald Trump, Jean Carroll, Trump, District Judge Lewis Kaplan, Joseph Tacopina, Carroll, Tacopina, Jonathan Stempel, Daniel Wallis Organizations: YORK, Elle, District, Trump, CNN, Carroll, U.S, Court, Southern District of, Thomson Locations: Manhattan, U.S, Southern District, Southern District of New York, New York

However, the golf simulator transaction appears to have been structured to avoid Florida’s rigorous ethical disclosure requirements, said two governance experts in Florida. Florida state law requires public officials to file quarterly reports listing all gifts received with a value over $100. Uthmeier wrote that the loan was “permissible” according to state law and the Governor’s Ethics Code. Trump paid for his own golf simulator, according to the Washington Post. According to the list, the “acquisition cost” of both the treadmill and the golf simulator are listed as $1.

Persons: Ron DeSantis, DeSantis, Morteza, Donald Trump, Lynn Blais, Ben Wilcox, James Uthmeier, ’, Uthmeier, Barbara Petersen, Hosseini, Trump, Barack Obama, Ronald Watson, cabana, Watson, Wilcox, Caroline Klancke, Jason Szep Organizations: cabana, ICI Homes Residential Holdings, Mansion Commission, Commission, Florida’s Department of Management Services, Florida Center, Government, University of Florida, Reuters, aboutGOLF, Washington Post, Thomson Locations: Florida, Hosseini, DeSantis, Tallahassee, Ohio

The CEO role will be handed over to Eddie Yongming Wu, chairman of Alibaba's Taobao and Tmall Group, while Executive Vice Chairman Joseph Tsai will take over Zhang as chairman. "The idea or expectation that one person could manage the business' crown jewel Cloud and at the same time manage the entire Alibaba Group is an unreasonable expectation." "It would be inappropriate for me to continue serving as chairman and CEO of both companies at the same time during the spin-off process." Alibaba thanked Zhang for his "extraordinary leadership in navigating unprecedented uncertainties affecting the company's business over the past few years." Wu, who co-founded Alibaba alongside Ma and Tsai over two decades ago, will continue to concurrently serve as chairman of Taobao and Tmall Group, Alibaba said.

Persons: Zhang, Joseph Tsai, Alibaba, Daniel Zhang, Eddie Yongming Wu, Alibaba's, Daniel, Brian Wong, Jack Ma, Joe, Eddie, Eric Chen, Wu, Ma, Tsai, Alipay, Jacob Cooke, Cooke, China's, J, Michael Evans, Abinaya, Brenda Goh, Scott Murdoch, Anne Marie Roantree, Josh Ye, Muralikumar Anantharaman, Christopher Cushing Organizations: Alibaba, HK, Tmall, Reuters, Cloud Intelligence Group, Analysts, Alibaba Health, Technologies, Thomson Locations: SHANGHAI, China, Hong Kong, Shanghai, Beijing, Japan, Spain, Australia, Thailand, Tokyo, Taobao, Bengaluru, Sydney

☆ Alibaba Says Its Chairman, Daniel Zhang, Will Step Down in September
▼ + stars: | 2023-06-20 | by ( Chang Che | ) www.nytimes.com time to read: +1 min

In a major overhaul at the top of the company, Alibaba Group, China’s leading e-commerce giant, announced on Tuesday that Daniel Zhang would relinquish his role as chairman and chief executive of the company. Mr. Zhang said he would continue to serve as chief executive of Alibaba’s cloud computing division. Joseph Tsai, an Alibaba veteran who is the company’s executive vice chairman, will succeed Mr. Zhang as chairman and as a member of Alibaba’s board of directors. The leader of Alibaba’s e-commerce division, Eddie Yongming Wu, will succeed Mr. Zhang as chief executive, the company added. He will continue to lead both of those platforms as Alibaba’s chief executive.

Persons: Daniel Zhang, Zhang, Joseph Tsai, Alibaba’s, Eddie Yongming Wu, Wu, Alibaba Organizations: Alibaba, Tmall, Alibaba’s

☆ Alibaba appoints Joseph Tsai, Eddie Wu to succeed Daniel Zhang as chairman and CEO
▼ + stars: | 2023-06-20 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Joseph Tsai, executive vice chairman and cofounder of Alibaba Group, will succeed Daniel Zhang as chairman, according to an announcement by the Chinese tech giant on Tuesday. Eddie Wu, chairman of Alibaba’s e-commerce platform Taobao and Tmall Group, will succeed Zhang as chief executive officer and replace him on the company’s board of directors. Following the transition, Zhang will continue to serve as the chairman and CEO of Alibaba’s cloud unit. “I am grateful for the trust of the Alibaba Group board of directors and am honored to succeed Daniel as Alibaba’s CEO,” he said. Zhang was appointed by Alibaba as CEO in May 2015, eight years after he joined the company.

Persons: Hong Kong CNN — Joseph Tsai, Daniel Zhang, Jack Ma, Eddie Wu, Zhang, ” Zhang, Wu, “, Daniel, ”, Alibaba, Ma, Masa Son Organizations: Hong Kong CNN, Alibaba, Alibaba’s, Tmall, Alibaba Cloud Intelligence Group, Ant Group, Alibaba Group, University of Hong Kong, University of Tokyo Locations: Hong Kong, Beijing, Japan, China

June 21 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The one-year loan prime rate (LPR) was cut to 3.55% and the five-year LPR was cut to 4.20%. The yuan has been trading through 7.00 per dollar every day since May 18, and is now approaching 7.20/dollar. On the Chinese corporate front, investors are digesting the news of changes at the top of e-commerce giant Alibaba Group (9988.HK). The main global event for markets on Wednesday is likely to be Fed Chair Powell's semi-annual testimony to the House Financial Affairs Committee.

Persons: Jamie McGeever, Jerome Powell, Kazuo Ueda, weren't, Daniel Zhang, Eddie Yongming Wu, Joseph Tsai, Deepa Babington Organizations: Federal, Bank of, The Bank of Japan, People's Bank of China, Investors, Alibaba, HK, House Financial, Committee, Thomson, Reuters Locations: Asia, Japan

☆ Trump asks judge to hold retrial or reduce $5 million damages in E. Jean Carroll sexual assault case
▼ + stars: | 2023-06-08 | by ( Dan Mangan | ) www.cnbc.com time to read: +5 min

Trump's lawyers argued the $2 million in damages awarded to Carroll are "grossly excessive under applicable case law." Carroll's attorney in a statement scoffed at Trump's argument, and noted the jury unanimously found he sexually abused Carroll. "Trump now argues that, even if he did those things, Ms. Carroll doesn't deserve the $5 million in damages that the jury awarded," said Carroll's lawyer, Robbie Kaplan. Carroll is seeking no less than $10 million from Trump in the pending lawsuit. Trump during the town hall said he did not sexually abuse Carroll and has no idea who Carroll was.

Persons: Jean Carroll, Joe Tacopina, Donald Trump, Carroll, Trump, Tacopina, Joseph Tacopina, Lewis Kaplan, E, Carroll doesn't, Robbie Kaplan, Goodman, Judge Kaplan Organizations: Elle, U.S ., Appeals, Circuit, Trump, York Magazine, CNN Locations: New York, York, Manhattan

One recipient of Parnas’ donations -- Florida Governor Ron DeSantis -- has said he was barely an acquaintance. Two sources close to DeSantis during his 2018 campaign confirmed the texter’s number belonged to DeSantis at that time. “We became very friendly.”In 2018, Parnas was a well-known figure in Trump’s orbit, often seen with Giuliani. On June 21, 2018, Parnas’ company, Global Energy Producers, donated $50,000 to DeSantis’ campaign for governor. Three weeks later, DeSantis added, “Make sure he gives a lot.”Pereira later co-hosted a fundraiser for DeSantis with Parnas and his company donated $115,000 to DeSantis’ 2018 campaign, campaign finance records show.

☆ Why Undocumented Immigrants Struggle to Receive Organ Transplants
▼ + stars: | 2023-05-16 | by ( Joseph Goldstein | ) www.nytimes.com time to read: +1 min

As her kidneys failed from an autoimmune disease, Ms. Joseph, 34, realized she might be next. A new kidney would offer Ms. Joseph the best hope for regaining her health, but as an undocumented immigrant who lacked health insurance, her odds of getting a kidney transplant had been close to zero. “It’s unfair,” Ms. Joseph said. Undocumented immigrants face high hurdles to receiving organ transplants themselves, even though they can donate organs, and more of them are signing up to do so through programs like IDNYC, which gives residents of New York a municipal identification card regardless of their immigration status. Now, some advocates are pushing the state to make organ transplants available to undocumented immigrants, although the effort could create political friction as the state debates how to handle an influx of migrants.

NEW YORK, May 9 (Reuters) - Donald Trump must pay $5 million in damages for sexually abusing magazine writer E. Jean Carroll in the 1990s and then defaming her by branding her a liar, a jury decided on Tuesday. Its six men and three women awarded Carroll $5 million in compensatory and punitive damages, but Trump will not have to pay so long as the case is on appeal. Trump has cited the Carroll trial in campaign fundraising emails as evidence of what he portrays as a Democratic plot. TRUMP MISTAKES CARROLL FOR EX-WIFECarroll testified that she bumped into Trump at Bergdorf's and agreed to help him pick out a gift for another woman. Jurors were tasked with deciding whether Trump raped, sexually abused or forcibly touched Carroll, and were separately asked if Trump defamed Carroll.

☆ Opinion: E. Jean Carroll lawsuit against Trump resurrected my trauma from testifying about a rape
▼ + stars: | 2023-05-09 | by ( Opinion Elizabeth Grey | ) edition.cnn.com time to read: +8 min

I became hyper-critical of myself, as if the defense attorney had set up shop in my own mind. Horrible moments of our lives and how defense attorneys frame them can become public fodder. The goal of a defense attorney seems to be to break the survivor giving testimony. I see a screenshot of text of an exchange between Carroll and Joseph Tacopina, defense attorney for Trump. The National Sexual Assault Hotline is 1-800-656-4673 and provided by RAINN (Rape, Abuse & Incest National Network) 24/7.

Summary Trump's lawyer calls the case an 'affront to justice'Jury due to begin deliberations on TuesdayNEW YORK, May 8 (Reuters) - Donald Trump's absence from a trial where writer E. Jean Carroll accuses him of rape and defamation shows that "he did it," a lawyer for Carroll said on Monday, while Trump's lawyer told jurors the case was "outrageous." "He never looked you in the eye and denied raping Ms. Carroll," lawyer Mike Ferrara told jurors as the civil trial in Manhattan federal court neared the end of an eighth day. Jurors also heard from two other women who said Trump sexually assaulted them in separate incidents decades ago. She said Carroll had been unable to sustain a romantic relationship since the alleged rape, and that Trump's public criticism had harmed her client's reputation. Reporting by Luc Cohen in New York; Editing by Will Dunham and Noeleen WalderOur Standards: The Thomson Reuters Trust Principles.

[1/3] E. Jean Carroll, former U.S. President Donald Trump rape accuser, arrives at Manhattan Federal Court for the continuation of the civil case, in New York City, U.S., May 8, 2023. REUTERS/David 'Dee' DelgadoSummary 'Grab 'em' remark undermines denials, accuser's lawyer saysJury due to deliberate in rape and defamation case on TuesdayNEW YORK, May 8 (Reuters) - Donald Trump's lawyer on Monday called a rape and defamation case brought by the writer E. Jean Carroll against the former U.S. president an affront to the justice system. She has abused this system by bringing a false claim for amongst other things money, status, political reasons," Tacopina said. Trump accuses Carroll of making up the story to drive sales of a 2019 memoir in which she made her claims public. U.S. District Judge Lewis Kaplan, who is not related to Carroll's lawyer, said he expected jurors to begin deliberating on Tuesday.

[1/2] E. Jean Carroll, former U.S. President Donald Trump rape accuser, walks at Manhattan Federal Court following a civil case, in New York City, U.S., April 26, 2023. Trump has so far not attended the trial, which began on April 25, but told reporters in Ireland last Thursday that he "probably" would attend. Kaplan has scheduled closing arguments for Monday, with jurors due to begin deliberations after that. Jurors also heard from two other women who said Trump sexually assaulted them in separate alleged incidents decades ago. In a video deposition played for the jury last Wednesday, Trump denied raping Carroll.

☆ Trump will not testify in New York rape, defamation trial
▼ + stars: | 2023-05-08 | by ( Luc Cohen | Hannah Lang | ) www.reuters.com time to read: +2 min

FILE PHOTO: Former U.S. President and Republican presidential candidate Donald Trump attends a campaign event in Manchester, New Hampshire, U.S., April 27, 2023. REUTERS/Brian Snyder(Reuters) - Former U.S. President Donald Trump will not testify at a civil trial to challenge claims made by writer E. Jean Carroll that he raped her in the 1990s and later defamed her, after letting a Sunday deadline pass without asking the court to appear. In response to a Reuters request for comment, Tacopina said in a statement what Trump’s legal team had already told the court on Thursday, that the former president would not testify in the case. In a video deposition played for the jury on Wednesday, Trump denied raping Carroll. “It’s the most ridiculous, disgusting story,” Trump said in the video, hunched over a conference table as Carroll’s lawyers presented documents to him.

Ms. Carroll said Mr. Trump asked her to help select a gift for a female friend. Mr. Trump directed her to “go put this on,” she said. Ms. Carroll said Mr. Trump used his weight to pin her and pulled down her tights. Ms. Carroll said she used her knee to push Mr. Trump away and fled. Mr. Tacopina also questioned Ms. Carroll about whether she had screamed for help.

As the civil trial over the writer E. Jean Carroll’s allegation that former President Donald J. Trump raped her neared its end, one of her lawyers focused on the man who was missing from the courtroom. Mr. Trump did not testify on his own behalf or even show up. “He just decided not to be here,” the lawyer, Michael J. Ferrara, told the jury on Monday. The rape allegation, he said, was a complete invention. Mr. Tacopina took an uncompromising line during the two-week civil trial in Manhattan federal court, the first time that Mr. Trump, 76, who has faced years of allegations that he engaged in sexual misconduct with women, has had to answer such a claim at trial.

Mr. Trump’s statement came after his lawyer, Joseph Tacopina, had said in court that Mr. Trump would not be coming to testify and that no witnesses would take the stand in Mr. Trump’s defense. It was unclear from Mr. Trump’s statement in Ireland whether he wants to testify or merely to observe the proceedings from the defense table. Judge Kaplan implied that Mr. Trump could face a contempt sanction. After Mr. Trump’s son, Eric, later in the day posted his own statement, on Twitter, criticizing the motivation of a prominent backer of Ms. Carroll’s case, Judge Kaplan implied from the bench that more serious remedies might be called for. Although he did not elaborate, he seemed to suggest Mr. Trump might be violating a federal law that prohibits efforts to corruptly influence or intimidate a juror in a trial.

☆ Stocks meander while Treasuries, dollar fall as traders wait on the Fed
▼ + stars: | 2023-05-03 | by ( Sinéad Carew | ) www.reuters.com time to read: +4 min

[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 3, 2023. While the dollar index fell, long-term U.S. Treasury yields drifted lower while yields on shorter-dated bills ticked up, as investors positioned themselves before the end of the Federal Open Market Committee (FOMC) meeting. The pan-European STOXX 600 index (.STOXX) rose 0.29% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 0.12%. The dollar fell ahead of the Fed statement indicating bets that it make indicate a pause in the hiking cycle, which could lead to further dollar declines. The dollar index fell 0.461%, with the euro up 0.5% to $1.1054.

It was Ms. Martin who advised her not to go to the police, Ms. Carroll testified. Ms. Kaplan said they also expected that Ms. Carroll’s sister would testify. Ms. Kaplan said she planned to finish presenting Ms. Carroll’s case perhaps by midday on Thursday. “She said, ‘Lisa, you are not going to believe what happened to me,’” Ms. Birnbach testified. She said Ms. Carroll sounded “breathless, hyperventilating, emotional.”

On Tuesday, Tacopina said the 76-year-old Trump would not testify before the jury in U.S. District Court in Manhattan. Trump has not appeared in that court since the trial began last week. Carroll, 79, alleges that Trump raped her in a dressing room of the Bergdorf Goodman department store in Manhattan after a chance encounter with him there. Trump has also said he would not have even had consensual sex with her because she was not his "type." However, during questioning under oath by Carroll's lawyer for his deposition, Trump mistook Carroll for his former wife Marla Maples in a photo that shows Carroll and her then-husband John Johnson with Trump and his then-wife Ivana Trump.

The first person called was Lisa Birnbach, a journalist, author and close friend of Ms. Carroll. Ms. Carroll has said she called Ms. Birnbach shortly after the alleged rape. Ms. Carroll on Monday ended two days of cross-examination by Joseph Tacopina, Mr. Trump’s lawyer, about her allegation. Mr. Trump, who has avoided coming to court, has denied all wrongdoing. As she was leaving through a revolving door, Mr. Trump entered and recognized her, she has testified, and persuaded her to help him shop for a gift for a female friend.

☆ Trump's lawyer is asking for a mistrial in the E. Jean Carroll rape case because he thinks the judge hasn't been fair to him
▼ + stars: | 2023-05-01 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

Trump's lawyer Joseph Tacopina has requested a mistrial in the E. Jean Carroll rape case. The request accused the court of acting in "pervasive unfair and prejudicial rulings." Tacopina said the court has "mischaracterized" evidence in favor of Carroll. Tacopina's request alleges that the court has "bolstered the testimony" of Carroll and allowed her to avoid clarifying information about surveillance cameras. Tacopina's request for a mistrial comes during ongoing testimony from Carroll in her civil trial against Trump, which is happening in Manhattan federal court.

In a Manhattan courtroom on Thursday, a lawyer for former President Donald J. Trump asked E. Jean Carroll, the writer who has accused Mr. Trump of raping her nearly three decades ago, whether she had screamed for help. “I’m not a screamer,” Ms. Carroll responded, adding that she was in a panic during the encounter in a dressing room. “You can’t beat up on me for not screaming.”Mr. Trump’s lawyer, Joseph Tacopina, said he was not doing that, but Ms. Carroll, her voice rising, said from the witness stand that women often keep silent about an attack because they fear being asked what they could have done to stop it. “They are always asked, ‘Why didn’t you scream?’” Ms. Carroll said. “I’m telling you, he raped me, whether I screamed or not,” she declared.

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