DIRS.INFO The most relevant business & tech news

☆ IMF upgrades China's 2023, 2024 GDP growth forecasts
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +3 min

People wait to board trains at the Shanghai Hongqiao railway station ahead of the National Day holiday, in Shanghai, China September 28, 2023. GDP growth could slow to 4.6% in 2024 because of continued weakness in China's property sector and subdued external demand, the IMF said in a press release, albeit better than its October expectation of 4.2% in the IMF's World Economic Outlook (WEO). The combination of the downturn in the property sector and local government debt crunch could wipe out much of China's long-term growth potential, economists say. Local debt has reached 92 trillion yuan ($12.6 trillion), or 76% of China's economic output in 2022, up from 62.2% in 2019. China should also develop a comprehensive restructuring strategy to reduce the debt level of local government financing vehicles (LGFVs), she said.

Persons: Aly, IMF's, Gita Gopinath, Gopinath, LGFVs, Joe Cash, Ryan Woo, Edmund Klamann, Christopher Cushing Organizations: REUTERS, Rights, Monetary Fund, China's, Communist Party, Thomson Locations: Shanghai Hongqiao, Shanghai, China, Rights BEIJING, Gopinath

☆ Australia's central bank raises rates to 12-year high, tempers hawkish stance
▼ + stars: | 2023-11-07 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

As a result, the local dollar slipped 0.4% to $0.6460 and bond futures rallied as investors lengthened the odds on a further rise in December. "It was a dovish hike...it's not pointing to any immediate need for a follow-up," said Rob Thompson, rates strategist at RBC Capital Markets. "You'd think they'd have opened the door to a bit more than this, but they are just trying to do as little as possible. INFLATION PROVES STUBBORNThis was Bullock's first rate change since taking over as governor in September, and could go some way to burnish her inflation-fighting credentials. Reporting by Wayne Cole Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Michele Bullock, it's, Rob Thompson, Bullock, Wayne Cole, Shri Navaratnam Organizations: Reserve Bank of Australia, RBC Capital Markets, CPI, Australia, Thomson Locations: SYDNEY, United States, Canada, Europe

☆ South Korea Finance Chief Defends Short-Sell Ban Ahead of Elections
▼ + stars: | 2023-11-07 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +3 min

By Cynthia Kim and Jihoon LeeSEOUL (Reuters) - South Korea's finance minister defended the government's ban on short-selling of stocks, an announcement that comes ahead of general elections next year and has drawn criticism from market players who say the move could hurt the country's global credibility. The financial regulator on Sunday reimposed a full ban on short-selling until the end of June 2024 to create a "level playing field" for retail and institutional investors. "The move completely thwarted Korea's plans to convince MSCI that it deserves a spot in the developed market status. The number of retail stock trading accounts has roughly doubled since 2017 to about 14 million, with about one in every five Koreans having an account. South Korea's Financial Supervisory Service in October said it would likely fine two Hong Kong-based investment banks it determined had engaged in naked short-selling transactions worth 40 billion won ($29.58 million) and 16 billion won respectively.

Persons: Cynthia Kim, Jihoon Lee SEOUL, Choo, Korea's, we're, Cho Jun, kee, Jihoon Lee, Tom Hogue, Navaratnam Organizations: MSCI Inc, SK Securities, Financial, Service, Credit Suisse Locations: Philippines, Korea, South Korea, Portugal, Hong Kong

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsBEIJING, Nov 6 (Reuters) - Oil prices edged up on Monday as top exporters Saudi Arabia and Russia said they would stick to extra voluntary oil output cuts until the end of the year, keeping supply tight, while investors watched out for tougher U.S. sanctions on Iranian oil. Russia also announced it would continue its additional voluntary supply cut of 300,000 bpd from its crude oil and petroleum product exports until the end of December. Sydney-based IG analyst Tony Sycamore expects oil prices to be driven by headlines from the Middle East and technical charts this week. Such sanctions often come with national security waivers, and China could still continue to import Iranian oil.

Persons: Agustin Marcarian, Brent, Suvro Sarkar, Tony Sycamore, Sarkar, Baker Hughes, Florence Tan, Colleen Howe, Shri Navaratnam, Simon Cameron, Moore Organizations: REUTERS, Rights, U.S, West Texas, Saudi, ING, DBS, U.S . House, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Rights BEIJING, Saudi Arabia, Russia, Israel, Singapore, China, Sydney, Iran, United States

The dollar index declined more than 1% last week, its heaviest fall since mid-July and hit a six-week low. World stocks (.MIWD00000PUS) too had their strongest week in a year as expectations the Fed was done raising rates gathered steam. "So it's good then there is expectation for the Fed and other central banks to end the rate hike cycle sooner." Treasury yields slumped last week after softness in U.S. jobs and manufacturing data and after Fed Chair Jerome Powell spoke of 'balanced' risks. The drop in the dollar and yields helped underpin gold at $1,984 , within striking distance of the recent five-month peak of $2,009.

Persons: Dado Ruvic, Tina Teng, Jerome Powell, Teng, Shri Navaratnam, Simon Cameron, Moore, Lincoln Organizations: REUTERS, Rights, U.S, Federal, Aussie, CMC Markets, J.P.Morgan Securities, Treasury, European Central Bank, Bank of, CMC, Bank of Japan, Sterling, Thomson Locations: Rights SINGAPORE, Auckland, China, U.S, Bank of England, bitcoin

Gross domestic product (GDP) grew 4.94% annually in the July-September quarter, compared with 5.05% predicted by economists surveyed by Reuters. Growth was 5.17% in the second quarter. In the July-September period, household spending growth decelerated to 5.06%, from 5.22% in the previous three months. A bright spot in the GDP breakdown came from investment, which recorded a 5.77% growth in the third quarter, versus 4.63% in the second quarter. On a non-seasonally adjusted, quarter-on-quarter basis, gross domestic product expanded 1.60% in the July-September period.

Persons: Gayatri Suroyo, Kanupriya Kapoor Organizations: Gross, Reuters, Growth, Bank Indonesia, Thomson Locations: JAKARTA, Asia's, Ukraine, Middle

☆ China's first deficit in foreign investment signals West's 'de-risking' pressure
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

A view of the city skyline, ahead of the annual National People's Congress (NPC), in Shanghai, China February 24, 2022. Onshore yuan trading against the dollar also hit record-low volume in October, highlighting authorities' stepped-up efforts to curb yuan selling. Direct investment liabilities - a measure of FDI - were a deficit of $11.8 billion during the July-September period, according to preliminary data of China's balance of payments released late on Friday. That's the first quarterly shortfall since China's foreign exchange regulator began compiling the data in 1998, which could be linked to the impact of "de-risking" by Western countries from China amid growing geopolitical tensions. In September, foreign exchange outflows from China rose sharply to $75 billion, the biggest monthly figure since 2016, Goldman Sachs data showed.

Persons: Aly, That's, Tommy Xie, Xie, Goldman Sachs, Shri Navaratnam Organizations: National People's Congress, REUTERS, Rights, Greater, Greater China Research, OCBC, People's Bank of, Reuters, Shanghai, Thomson Locations: Shanghai, China, Western, Greater China, People's Bank of China

The results show how Australia's retail banks are leaning into businesses outside their traditional earnings engine of mortgages as higher interest rates raise the cost of repayments, spurring competition which has flattened profit margins. Sydney-listed Westpac said profit from its consumer division, which has just over one-fifth of Australian mortgages, shrank 7% in its full-year to end-September. Westpac gave no profit forecasts but said April-to-September trading was "more challenging" than the previous six months and "this is expected to continue into 2024". "If that does eventuate, interest rates will probably need to be higher than what we're thinking," he said on a call with analysts and media. Westpac declared a final dividend of 72 Australian cents per share, up from 64 Australian cents a year earlier.

Persons: David Gray, Azib Khan, Peter King, We've, Byron Kaye, Roushni Nair, Upasana Singh, Andrew Heavens, Josie Kao, Aurora Ellis Organizations: Australia's Westpac Banking Corp, REUTERS, Westpac, Commonwealth Bank, National Australia Bank, ANZ, Sydney, midsession, P Capital, Thomson Locations: Sydney, Australia, Ukraine, Bengaluru

☆ Dollar steady but stays vulnerable after Fed steer
▼ + stars: | 2023-11-06 | by ( Vidya Ranganathan | ) www.reuters.com time to read: +4 min

The dollar index declined more than 1% last week, its heaviest fall since mid-July and hit a six-week low. World stocks (.MIWD00000PUS) too had their strongest week in a year as expectations the Fed was done raising rates gathered steam. "So it's good then there is expectation for the Fed and other central banks to end the rate hike cycle sooner." Treasury yields slumped last week after softness in U.S. jobs and manufacturing data and after Fed Chair Jerome Powell spoke of 'balanced' risks. The drop in the dollar and yields helped underpin gold at $1,990 , within striking distance of the recent five-month peak of $2,009.

Persons: Dado Ruvic, Tina Teng, Jerome Powell, Teng, Shri Navaratnam, Simon Cameron, Moore Organizations: REUTERS, Rights, U.S, Federal, CMC Markets, J.P.Morgan Securities, Treasury, European Central Bank, Bank of, CMC, Bank of Japan, Sterling, Thomson Locations: Rights SINGAPORE, Auckland, China, U.S, Bank of England, bitcoin

☆ Oil nudges higher after Saudi Arabia, Russia stick to output cuts
▼ + stars: | 2023-11-06 | by ( Florence Tan | ) www.reuters.com time to read: +3 min

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsSINGAPORE, Nov 6 (Reuters) - Oil prices edged up on Monday after top exporters Saudi Arabia and Russia said they would stick to extra voluntary oil output cuts until the end of the year, keeping supply tight, while investors watched out for tougher U.S. sanctions on Iranian oil. Following the Saudi statement, Moscow also announced it would continue its additional voluntary supply cut of 300,000 bpd from its crude oil and petroleum product exports until the end of December. Sydney-based IG analyst Tony Sycamore expects oil prices to be driven by headlines from the Middle East and technical charts this week. Reporting by Florence Tan and Colleen Howe Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Agustin Marcarian, Israel, Tony Sycamore, Baker Hughes, Florence Tan, Colleen Howe, Shri Navaratnam Organizations: REUTERS, Rights, West Texas, Saudi, ANZ, U.S . House, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Rights SINGAPORE, Saudi Arabia, Russia, Moscow, Lebanon, China, Sydney, Iran, United States

Asia's imports of seaborne thermal coal climbed to 75.77 million metric tons in October from 70.29 million in September, according to data compiled by commodity analysts Kpler. The October volume was also above the 69.63 million metric tons imported in the same month last year. While physical demand for seaborne thermal coal is solid in Asia, the same can't be said for prices. China mainly buys thermal coal from the two biggest exporters, Indonesia and Australia. Overall, the combination of weaker Chinese domestic prices and waning European demand may prove sufficient to keep pressure on seaborne thermal coal prices in Asia, even if volumes remain solid.

Persons: Loren Elliott, Shri Navaratnam Organizations: Rights, Argus, Newcastle, Reuters, Thomson Locations: Owen, Ravensworth, Australia, Rights LAUNCESTON, Asia, China, India, Japan, South Korea, Indonesia, Beijing, Canberra, Europe, Ukraine, Turkey, South Africa, U.S

☆ Swiatek swats aside rival Sabalenka to reach WTA Finals title match
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

Tennis - WTA Finals - Cancun, Mexico - November 5, 2023 Poland's Iga Swiatek in action during her semi final match against Belarus' Aryna Sabalenka REUTERS/Henry Romero Acquire Licensing RightsNov 5 (Reuters) - Poland's Iga Swiatek knocked out rival Aryna Sabalenka 6-3 6-2 in the semi-final of the season-ending WTA Finals in Cancun on Sunday, putting the world number one ranking within her reach ahead of Monday's title match. The current number one Sabalenka ended Swiatek's WTA Finals campaign in the penultimate stage a year ago but lacked her usual lethal power in Cancun, as a flurry of forehand errors undermined her best efforts. The four-time major winner Swiatek wrested the momentum immediately when play resumed on Sunday, and broke Sabalenka's serve in the fourth game. The 22-year-old pumped her fists and cheered wildly as the Australian Open champion Sabalenka sent one into the net on match point. She faces a tough challenge against an in-form Pegula, who shredded the U.S. Open champion Coco Gauff 6-2 6-1 to reach the title match on Saturday.

Persons: Iga, Aryna Sabalenka, Henry Romero, Iga Swiatek, Aryna, Jessica Pegula, Swiatek, Sabalenka's, Sabalenka, I'm, Coco Gauff, Jessie, Amy Tennery, Pearl Josephine Nazare, Shri Navaratnam, Josie Kao, Raju Gopalakrishnan Organizations: Belarus, Aryna Sabalenka REUTERS, WTA, China, Swiatek, Montreal, Thomson Locations: Cancun, Mexico, U.S, Pegula, New York, Bengaluru

[1/3] The Chinese flag at a gate to the Zhongnanhai leadership compound flies at half-mast in memory of late former Chinese premier Li Keqiang, in Beijing, China November 2, 2023. REUTERS/Mark Chisholm Acquire Licensing RightsBEIJING, Nov 2 (Reuters) - China lowered the national flag at Tiananmen Square in Beijing on Thursday amid an outpouring of grief online as the country cremated former premier Li Keqiang, known as "the people's premier" for his down-to-earth, hands-on leadership. "In memory of comrade Li Keqiang, flags were flown at half-mast at Tiananmen Square in the capital," state media said. "Personally, I still feel a bit unreal (about his death) because I feel like he's a good premier and suddenly he's gone. Some businesses such as international coffee chain Starbucks (SBUX.O) turned their app interface black and white in mourning for Li.

Persons: Li Keqiang, Mark Chisholm, Li, Xi Jinping, Han Zheng, Hu Jintao, Gao, Xi, he's, Wan, Zhang Shijun, Liz Lee, Xiaoyu Yin, Ryan Woo, Christian Schmollinger Organizations: REUTERS, Rights, Communist Party's, Xinhua, Weibo, China's, Communist Party, Thomson Locations: Beijing, China, Rights BEIJING, Shanghai, Weibo

☆ Exclusive: BOJ plans to exit from easy policy next year but needs some good fortune
▼ + stars: | 2023-11-02 | by ( Leika Kihara | ) www.reuters.com time to read: +6 min

Ueda's intentions are based on interviews with six sources familiar with the BOJ's thinking, including government officials with direct interaction with the bank. "Given uncertainty over the economic outlook, the BOJ probably wants to wait at least until spring next year in normalising policy," said another source. If the yen continues to fall, that could heighten political pressure on the BOJ to exit sooner than it wants, some analysts say. The risk of sharp yen falls and an inflation overshoot may leave the BOJ with less time than it wants to exit. "The BOJ doesn't have much time left, a point governor Ueda is probably mindful of."

Persons: Kazuo Ueda, Ueda, Kuroda, it's, Robert Samson, Ueda hasn't, Hiromi Yamaoka, Leika Kihara, Anisha, Shri Navaratnam Organizations: Japan, Kyodo, REUTERS, Bank of Japan, Nikko Asset Management, Thomson Locations: Tokyo, Japan, BOJ, YCC, TOKYO, U.S, Bengaluru

Plenty of bond investors have been burned calling a bottom in a selloff that has taken Treasuries to the cusp of an unprecedented third straight year of losses. One potential near-term pitfall is Friday’s U.S. payrolls data, which could revive expectations of Fed hawkishness if they come in stronger than expected. The rise in Treasury yields has reached far beyond the bond market. The S&P 500 is down nearly 8% from its July high, as rising bond yields offer investment competition to equities while threatening to raise the cost of capital for companies. “The market is running with the idea that the Fed is done hiking, which they may or may not be,” he said.

Persons: Jerome Powell nodded, Bonds, ”, Jack McIntyre, “, ” McIntyre, Stanley Druckenmiller, Duquesne, Bond, Josh Emanuel, Powell, We've, Greg Wilensky, Janus Henderson, ” Wilensky, Noah Wise, Davide Barbuscia, David Randall, Ira Iosebashvili Organizations: Treasury, Federal, Fed, U.S . Treasury, Brandywine, Janus, Janus Henderson Investors, Allspring Global Investments, Thomson Locations: U.S, Wilshire

Flags with the Novo Nordisk logo flutter outside their Danish company's offices in Copenhagen, Denmark, September 26, 2023. REUTERS/Tom Little/File Photo Acquire Licensing RightsCOPENHAGEN, Nov 2 (Reuters) - Novo Nordisk (NOVOb.CO) on Thursday reported record sales and operating profits for the third quarter but said it would keep in place restrictions on supplies of its hugely popular Wegovy weight-loss drug. Wegovy sales totaled 9.6 billion Danish crowns ($1.36 billion) between July and September, up 28% from the previous quarter and up eight-fold from the same period last year. In August, Novo said the curbs on Wegovy supplies would most likely extend into 2024. Sales grew 29% year-on-year to 58.7 billion Danish crowns ($8.33 billion), while operating profit (EBIT) rose 33% to 26.9 billion, both in line with preliminary numbers released last month.

Persons: Tom Little, Wegovy, Novo, Eli Lilly, Jacob Gronholt, Pedersen, Terje Solsvik Organizations: Novo Nordisk, Danish, REUTERS, Rights, European Union, U.S . Food, Drug Administration, Thomson Locations: Copenhagen, Denmark, U.S, United States

☆ Asian stocks stutter ahead of Fed, frail yen in focus
▼ + stars: | 2023-11-01 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

Passersby are reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. "Once again market players have been left frustrated by the lack of urgency shown by the BOJ, and either closed yen longs or flipped into outright yen shorts." The yen strengthened 0.27% to 151.26 per dollar following the comments but remained close to one-year lows of 151.74 it touched on Tuesday. FED AWAITSOvernight, Wall Street's main indexes ended higher, with investors looking ahead to the Fed policy decision later in the day, when the central bank is expected to stand pat on interest rates. Oil prices inched higher ahead of the Fed decision, with the market keeping a close eye on the latest developments in the Israel-Hamas conflict.

Persons: Issei Kato, HSI, Chris Weston, Masato Kanda, Jerome Powell, Erik Weisman, Powell, Sterling, Brent, Ankur Banerjee, Shri Navaratnam Organizations: REUTERS, Rights, Federal Reserve, Japan's Nikkei, China, Bank of, ING, Traders, MFS Investment Management, Treasury, Thomson Locations: Tokyo, Japan, Rights SINGAPORE, Asia, Pacific, Israel

☆ US House Speaker Johnson to bring Israel bill to floor despite deficit risk
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Nathan Howard/File Photo Acquire Licensing RightsWASHINGTON, Nov 1 (Reuters) - U.S. House of Representatives Speaker Mike Johnson said on Wednesday he plans to hold a vote on a standalone Israel aid bill despite a Congressional Budget Office report showing it could increase the federal deficit. In the first major legislative action under Johnson, House Republicans unveiled their bill on Monday seeking to provide $14.3 billion for Israel by cutting Internal Revenue Service (IRS) funding. The House could vote on the bill and pass it with Republican support as soon as Thursday. The non-partisan Congressional Budget Office (CBO) said on Wednesday that the IRS cuts and the Israel aid in the standalone bill would add nearly $30 billion to the U.S. budget deficit, currently estimated at $1.7 trillion. To become law, any legislation must pass the House, the Senate and be signed into law by Biden.

Persons: Mike Johnson, Nathan Howard, Johnson, Joe Biden's, Josh Hawley, " Johnson, Biden, Johnson's, Chuck Schumer, David Morgan, Patricia Zengerle, Dan Whitcomb, Katharine Jackson, Scott Malone, Rod Nickel Organizations: U.S, Capitol, REUTERS, Rights, . House, House Republicans, Revenue Service, Democratic, White, Israel, Kyiv, Fox News, Office, CBO, Senate, Democrat, Thomson Locations: Washington , U.S, Israel, China, Ukraine, Iran, Gaza, East

The 10-year Japanese government bond yield rose 2 basis points (bps) to 0.970%, a level last seen in May 2013, before retreating to 0.960% immediately after the BOJ announced an emergency bond-purchase operation. Tsuruta sees the tweak as a step toward the BOJ eventually exiting from negative interest rates policy, which he expects around the beginning of next year at the earliest. The two-year JGB yield had ticked up to 0.160%, while the five-year yield reached 0.480%, levels not seen since 2011. On the superlong end, the 20-year JGB yield rose to its highest since July 2013 at 1.735%. The 30-year JGB yield was up 3 bps at 1.905%.

Persons: Kim Kyung, Keisuke Tsuruta, Mitsubishi UFJ, Mitsubishi UFJ Morgan Stanley, Tsuruta, James Malcolm, YCC, Malcolm said, Brigid Riley, Vidya Ranganathan, Shri Navaratnam Organizations: Bank of Japan, REUTERS, Rights, Mitsubishi, Mitsubishi UFJ Morgan, Mitsubishi UFJ Morgan Stanley Securities, UBS, Thomson Locations: Tokyo, Japan, London

☆ Japan on standby to deal with 'one-sided' yen moves - top FX diplomat
▼ + stars: | 2023-10-31 | by ( Takaya Yamaguchi | ) www.reuters.com time to read: +2 min

REUTERS/Issei Kato Acquire Licensing RightsTOKYO, Nov 1 (Reuters) - Japan's top currency diplomat Masato Kanda said on Wednesday authorities were on standby to respond to recent "one-sided, sharp" moves in the yen, escalating his warning to investors against pushing down the currency too much. "Speculative trading seems to be the biggest factor behind recent currency moves," Kanda, vice finance minister for international affairs, told reporters on the yen's declines. The situation surrounding yen moves has become "more tense" than before, he said, adding that authorities will "respond appropriately without ruling out any options". After sliding to 151.715 against the dollar overnight on Tuesday, the yen stood at 151.350 in Asia on Wednesday. It intervened again in October 2022 after the yen plunged to a 32-year low of 151.94.

Persons: Masato Kanda, Issei Kato, Kanda, Takaya Yamaguchi, Satoshi Sugiyama, Leika Kihara, Sam Holmes Organizations: Reuters, Finance Ministry, REUTERS, Rights, Bank of Japan, Thomson Locations: Tokyo, Japan, Asia

☆ Yen tumbles after BOJ stands pat, introduces some flexibility to yield cap
▼ + stars: | 2023-10-31 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. That sent the yen sliding nearly 0.7% against the dollar , past the 150 per dollar threshold to hit an intraday low of 150.12, before steadying to 149.93 per dollar. The euro similarly jumped roughly 0.5% against the yen following the decision . Spain's 12-month inflation in October was unchanged from the previous month at 3.5%, preliminary data also out on Monday showed. The figures come ahead of euro zone inflation data due later on Tuesday.

Persons: Yen, Dado Ruvic, Thierry Wizman, Sterling, Rae Wee, Shri Navaratnam, Simon Cameron, Moore Organizations: REUTERS, Rights, Bank of Japan, Nikkei, Federal Reserve, U.S ., Bank of England, Australian, New Zealand, Thomson Locations: Rights SINGAPORE, steadying, U.S, Germany

☆ Warner enjoying making doubters 'look stupid' at World Cup
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

Oct 31 (Reuters) - Australia opener David Warner says his World Cup form is making doubters "look stupid" and hopes to add to his mountain of runs in the next match against ailing England. "Everyone keeps writing me off," said lefthander Warner who turned 37 last week. Asked if he was motivated to prove doubters wrong, Warner said: "Nup. Warner said team mates had nicknamed Head 'Chaos' for looking to attack bowlers at every chance. Warner said "it would be nice" to add to England's misery but said Australia should not underestimate them.

Persons: David Warner, Warner, Quinton de Kock, lefthander Warner, I'm, It's, Travis, Marsh, Ian Ransom, Shri Navaratnam Organizations: England, New Zealand, Thomson Locations: Australia, India, Melbourne

☆ China factory activity unexpectedly shrinks in Oct, dents recovery momentum
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +3 min

China Daily via REUTERS/File Photo Acquire Licensing RightsBEIJING, Oct 31 (Reuters) - China's manufacturing activity unexpectedly contracted in October, an official factory survey showed on Tuesday, underlining the challenge facing policymakers trying to engineer a durable economic recovery. Recent indicators pointed to encouraging signs of stabilising in the world's second-largest economy, supported by a flurry of policy support measures, although a protracted property crisis and soft global demand remain major headwinds. "Although there are signs of exports bottoming out, a strong recovery in external demand is probably elusive," he added. But analysts say more policy support may be needed to ensure the economy reaches Beijing's annual growth target of about 5%. "The additional 1 trillion yuan will help in November and December," Economist Intelligence Unit's Xu said.

Persons: Xu Tianchen, Dan Wang, Nomura, Unit's Xu, Joe Cash, Sam Holmes Organizations: REUTERS, Rights, National Bureau, Statistics, PMI, Economist Intelligence Unit, Hang Seng Bank China, JPMorgan, Moody's, Thomson Locations: Hangzhou, Zhejiang province, China, Rights BEIJING

☆ Thai policy rate is right for now, Mideast war is a concern - c.bank chief
▼ + stars: | 2023-10-28 | by ( ) www.reuters.com time to read: +2 min

The central bank's growth forecast of 4.4% for 2024 will be revised if there is any change in the government's stimulus plan, he added. Sethaput said the Bank of Thailand is concerned about the fallout from the conflict in the Middle East. "A new factor that I'm quite wary about is Middle East problems as evaluating the impact of this risk is very difficult," he said, but added that the current policy rate is appropriate. The rate has been raised by a total of 200 basis points since August last year to rein in elevated inflation. ($1 = 36.11 baht)Reporting by Orathai Sriring, Kitiphong Thaichareon and Satawasin Staporncharnchai; Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Sethaput Suthiwartnarueput, Sethaput, Orathai Sriring, Kitiphong, Shri Navaratnam Organizations: Bank of, Bank, Thomson Locations: BANGKOK, Bank of Thailand, outflows

☆ Brazil finds Pan Am gold at the beach and in the ring
▼ + stars: | 2023-10-28 | by ( Steve Keating | ) www.reuters.com time to read: +4 min

The silver was Canada's first medal in women's beach volleyball at a Pan Am Games. A silver medal came with a bonus prize with every fighter in the finals having secured a quota spot for the Paris Olympics. In the women's 75-kilogram Canada's Tammara Thibeault added Pan Am gold to her world and Commonwealth Games titles with a unanimous 5-0 decision over Panama's Atheyna Bylon. "Out of all the tournaments I've been to, I've been able to capture gold and I was missing Pan Ams," said Thibeault. That contribution helped power Mexico into second place on the medal table with 35 gold and 80 total medals.

Persons: Brazil's Ana Patricia Ramos, Eduarda, Silver, Canada's Melissa Humana, Patricia Ramos, Duda Lisboa, Andre Stein, George Souto, Beatriz Ferreira, Ramos, Melissa Humana, Brandie Wilkerson, Canada's, Andre Loyola, Cuba's Jorge Alayo, Noslen Diaz, Marco, Esteban Grimalt, Logan Webber, Hagen Smith, Ferreira, Angie Paola Valdes Pana, Caroline Barbosa, Jucielen, Barbara Maria Dos Santos, Julio Cesar La Cruz, Arlen Lopez Cardona, Joshua Edwards, Jahmal Harvey, Thibeault, Bylon, Wyatt Sanford, I've, Emiliano Hernandez, Duilio Carrillo, Steve Keating, Shri Navaratnam Organizations: Eduarda Santos Lisboa, Pan American, United, Lisboa, Pan Am, Paris, Boxing, Cuba, Olympic, Commonwealth Games, Canada, Pan Ams, Thomson Locations: playa, Santiago, Chile, Brandie, SANTIAGO, United States, Brazil, Chilean, Canadian, Lima, Canada, Mexico

Search resuls for: "Navaratnam"

25 mentions found