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CNN —Demolition of the Los Angeles area home where Marilyn Monroe spent her last months has been put on hold by Los Angeles City Council, following a last-minute motion aimed at designating the house a Historic-Cultural Monument. Baron/Hulton Archive/Getty Images Norma Jeane Mortenson, who later changed her name to Marilyn Monroe, was born in 1926 in Los Angeles. Hulton Archive/Getty Images She was in several movies in 1950, including "The Asphalt Jungle" and "All About Eve." Hulton Archive/Getty Images Monroe wins a trophy at the "Star Of Tomorrow" Awards in Los Angeles in 1952. Bettmann Archive/Getty Images Monroe and former Yankees baseball player Joe DiMaggio leave city hall after their wedding.

Persons: Marilyn Monroe, Traci, Baron, Norma Jeane Mortenson, Gladys Baker, Marilyn, Claudette Colbert, Monroe, Jim Dougherty, Grace McKee, Grace, Michael Ochs, Norma Jeane, Emmeline Snively, Richard C, Miller, Donaldson, they're, Ben Lyons, Lyon, Theisen, he'd, Mira Sorvino, Frank Cronenweth, Peggy Martin, Shutterstock Monroe, Phil Moore, J R, she's, Johnny Hyde, Nancy Lee Andrews, you'll, Earl Leaf, Ray Anthony Band, Shutterstock, David Wayne, Christina Newland ., Kardashian, Amber Tamblyn, Alfred Eisenstaedt, Jane Russell, Joe DiMaggio, Amy Greene, Monroe's, Matty Zimmerman, DiMaggio, Joe, it's, Ella Fitzgerald, that's Ella Fitzgerald, Ed Feingersh, Elizabeth Winder, Ellen Burstyn, Arthur Miller, ullstein, He's, Harold Clements, Queen Elizabeth II, Laurence Olivier, Sugar Kane, Billy Wilder, I'm, Christina Newland, John F, Kennedy, Robert Kennedy, It's, Cecil W, Marilyn Monroe's, ”, “ Organizations: CNN, Los Angeles City Council, Department of Building, Safety, Hulton, Michael Ochs Archives, Model Agency, Century Fox, Columbia Pictures, Columbia, West Hollywood, Photoplay, Getty, Gentlemen, Fox, Hollywood, Bettmann, Yankees, US, Tiffany Club, New York, Grand Central, Queen, Royal, Daily Herald, Stoughton, Alamy, Los Angeles City, Historic Resources Locations: Los Angeles, Brentwood, Monroe, West Virginia, Columbia, Warrenburg , New York, American, Hollywood, Korea, York, New York, California, Hollywood , California, New, Grand, London, England, Polyclinic, Madison

A general view of Chevron's Wheatstone LNG facility in Pilbara coast, Western Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. If there is still no deal by then, the unions will completely stop work for two weeks. Australia was the world's largest LNG exporter last year, shipping out 80.9 million metric tons of the fuel in 2022 versus 79 million tons in 2021, according to the International Gas Union. A prolonged strike could disrupt exports and raise prices of LNG, which is used for electricity generation. The same union alliance also secured agreements last year with Shell (SHEL.L) and Inpex (1605.T) at their LNG facilities in Western Australia.

Persons: Chevron, Wheatstone, Baden Moore, NAB's Moore, Emily Chow, Lewis Jackson, Florence Tan, Tony Munroe, Miral Organizations: Reuters, Chevron, Handout, REUTERS Acquire, Rights, NEXT, Unions, International Gas Union, National Australia Bank, NAB, Woodside Energy Group, WHAT'S, Woodside, North West Shelf, Shell, Thomson Locations: Wheatstone, Western Australia, Rights SINGAPORE, SYDNEY, Australia, Japan, South Korea, China, Taiwan, Asia, Europe, Ukraine, Inpex, Woodside

U.S. Supreme Court Associate Justice Samuel A. Alito Jr. poses during a group portrait at the Supreme Court in Washington, U.S., October 7, 2022. REUTERS/Evelyn Hockstein/File Photo Acquire Licensing RightsSept 8 (Reuters) - U.S. Supreme Court Justice Samuel Alito on Friday rejected a push by Senate Democrats to have him recuse from a tax case that involves an attorney who interviewed him for a newspaper article and helped him "air his personal grievances." Alito, in a statement attached to a routine order issued by the court in the case, Moore v. United States, said, "There is no valid reason for my recusal in this case." "Mr. Rivkin's access to Justice Alito and efforts to help Justice Alito air his personal grievances could cast doubt on Justice Alito's ability to fairly discharge his duties in a case in which Mr. Rivkin represents one of the parties," the senators stated. The case in which he is involved was never mentioned; nor did we discuss any issue in that case either directly or indirectly."

Persons: Samuel A, Alito Jr, Evelyn Hockstein, Samuel Alito, Alito, Moore, Dick Durbin, John Roberts, Alito recuses, Charles, Kathleen Moore, David Rivkin Jr, Alito's, Rivkin, Andrew Chung, Grant McCool Organizations: Supreme, REUTERS, Democrats, Democratic, Thomson Locations: Washington , U.S, United States, New York

☆ Lions Dare Their Way to a Win Over Short-Handed Chiefs
▼ + stars: | 2023-09-08 | by ( Ken Belson | More About Ken Belson | ) www.nytimes.com time to read: +1 min

In his first six years in the league, Kansas City quarterback Patrick Mahomes has pulled off a career’s worth of surprises, trick plays and comebacks. So with 2 minutes 37 seconds remaining in the fourth quarter and his Chiefs trailing by just a point at home against the Detroit Lions, Mahomes seemed poised to mount yet another game-winning drive. But on Thursday night, Mahomes was playing under unusual circumstances. Three more incompletions and a penalty forced the Chiefs to hand over the ball on downs, allowing the Lions to hold on for a 21-20 upset victory in the N.F.L.’s season-opening game. “There were some good things on offense, but we have to be more consistent,” Chiefs Coach Andy Reid said.

Persons: Patrick Mahomes, Mahomes, Travis Kelce, Eric Bieniemy, Matt Nagy, Kadarius Toney, Skyy Moore, Andy Reid, “ Organizations: Kansas City, Chiefs, Detroit Lions, Lions, ”

A simmering dispute between branches of government over Supreme Court ethics reform boiled over Friday when Justice Samuel Alito publicly rejected a senator’s call to recuse himself from an upcoming case due to a perceived conflict of interest. After Alito was interviewed for a report in the opinion pages of The Wall Street Journal and expressed the view that Congress has no authority over the high court, Democratic Sen. Dick Durbin of Illinois in August urged Chief Justice John Roberts to take steps to ensure that the prominent conservative justice recuse himself from cases concerning legislation that regulates the high court. He also asked for Alito’s recusal in the case of Moore v. United States – a major tax case in which the petitioners are represented in part by one of the authors of the report in the Journal. Durbin, the chairman of the Senate Judiciary Committee, has been among lawmakers leading a push for ethics reform at the high court that has come to a head amid bombshell reports in recent months questioning the ethics of some justices. He argued along with committee Democrats that, in this situation, the writer’s “access to Justice Alito and efforts to help Justice Alito air his personal grievances could cast doubt on Justice Alito’s ability to fairly discharge his duties” in the tax case.

Persons: Samuel Alito, Alito, Democratic Sen, Dick Durbin of, John Roberts, Alito’s, Moore, Durbin, ”, Durbin’s, ” Alito, “ Organizations: Street, Democratic, Dick Durbin of Illinois, United, Committee, Senate Locations: United States

☆ Alito: Recusing from cases involving former employees, colleagues, and long-time acquaintances would 'distort' the Supreme Court's work
▼ + stars: | 2023-09-08 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

In mid-2023, Justice Samuel Alito met twice with a lawyer who later wrote two op-eds defending him. The attorney, David Rivkin Jr., is closely connected to a case the court agreed to hear in June. On Friday, Alito said he's refusing to recuse himself from the upcoming case. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "No provision in the Constitution gives them the authority to regulate the Supreme Court — period."

Persons: Samuel Alito, David Rivkin Jr, Alito, he's, Samuel Alitodeclined, rehearings, Moore, who's, —, Roe, Rivkin, John Roberts, Alito's Organizations: Service, Wall Street Journal, Supreme, Democratic Locations: Wall, Silicon, States

☆ How the Hollywood strikes are affecting social-media influencers, who are turning away brand deals and 5-figure paychecks to follow SAG-AFTRA rules
▼ + stars: | 2023-09-08 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

They're seeking ways to make money without running afoul of SAG-AFTRA, the actors' union. Some are already members of the actors' guild, SAG-AFTRA, which began welcoming influencers in 2021, while many others are hoping to join as they make more progress in their careers. "The implicit message from the actors' guild is: We're the gatekeepers of the career you want. "It was at that point I decided it might just be better to completely shift away from that kind of content," he told Insider in an interview . Aragon added that he's told studios that he's withdrawing his services indefinitely and might resume once the labor stoppages have ended.

Persons: Hollywood, Instagram —, they've, aren't, Jasmine Paige Moore, TikTok, she's, — Moore, Moore, Joseph Arujo, Arujo, Joe Aragon, Aragon, he's, Reed Alexander Organizations: SAG, Service, Hollywood, Writers Guild of America Locations: Wall, Silicon, Hollywood

☆ Elon Musk privately pondered whether it was worth spending so much time focused on Twitter amid the threat of AI: 'It's not like I need to be richer or something'
▼ + stars: | 2023-09-07 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Walter Isaacson said Elon Musk considered spending less time at Twitter to focus on AI and SpaceX. "With AI coming, I'm sort of wondering whether it's worth spending that much time thinking about Twitter," Isaacson said Musk told him in March at a meeting between the biographer, Musk, and a Neuralink director who gave birth to two of his children. Isaacson said Musk first discussed his plans to build an AI company at the March meeting. The biographer said Musk told him he plans to run the company himself. It is one of six companies, including Tesla, SpaceX, and X, that Musk is helping to lead.

Persons: Walter Isaacson, Elon Musk, Musk, Walter Isaacson's, ChatGPT, Isaacson, Tesla, Linda Yaccarino, Insider's Kali Hays Organizations: Twitter, SpaceX, Service, Bloomberg Locations: Wall, Silicon

☆ Japan's Johnny Kitagawa sex abuse scandal forces shake-up at J-pop agency
▼ + stars: | 2023-09-07 | by ( Francis Tang | ) www.reuters.com time to read: +2 min

TOKYO, Sept 7 (Reuters) - The niece of Johnny Kitagawa, the late J-pop magnate at the centre of a sexual abuse scandal that has shocked Japan, said on Thursday that she had stepped down as the head of the talent agency her uncle had founded. As more Japanese media took up the story, lawmakers voiced outrage, while the United Nations' human rights experts also criticised the talent agency for its handling of the allegations. At a press conference televised live by most broadcasters, Kitagawa's niece Julie K. Fujishima said she had stepped down as president on Tuesday. Noriyuki Higashiyama, a former member of the popular 1980s boy-band Shonentai, was the new head of the agency, Fujishima said. But the scandal blew up this year as more victims came forward after the BBC's report, leading to demands for stricter laws to prevent child abuse and a formal apology from the agency.

Persons: Johnny Kitagawa, Kitagawa, Kitagawa's, Julie K, Fujishima, Noriyuki, Higashiyama, Francis Tang, Kantaro Komiya, Kiyoshi Takenaka, Chang, Ran Kim, Simon Cameron, Moore Organizations: BBC, United Nations, Johnny, Associates, Johnny's Juniors, Thomson Locations: TOKYO, Japan, East Asia

Amon-Ra St. Brown had six catches for 71 yards and a score, and Lions rookie Brian Branch returned Patrick Mahomes' first pick in an opener 50 yards for another touchdown as Detroit snapped the Chiefs' eight-game Week 1 winning streak. The Lions were trying to run out the clock when Goff had a fourth-down pass near midfield batted down with 2:30 left, giving the Chiefs a chance. When it fell incomplete and Detroit took over, Montgomery ran for a first down that allowed the Lions to run out the clock. Mahomes finished with 226 yards passing and two touchdowns, despite his receivers dripping a slew of passes. He also was the leading rusher for the Chiefs, whose self-inflicted wounds proved too much to overcome.

Persons: — Jared Goff, David Montgomery, Amon, Ra St, Brown, Brian Branch, Patrick Mahomes, Goff, Kadarius Toney, Skyy Moore, Mahomes heaving, Montgomery, Mahomes Organizations: KANSAS CITY, Lions, Detroit, Super Bowl, Kansas City Chiefs, Chiefs Locations: KANSAS, Mo

☆ Asia stocks slide on U.S. rate worries, dollar ascendant
▼ + stars: | 2023-09-07 | by ( Kevin Buckland | ) www.reuters.com time to read: +4 min

The U.S. dollar hung close to the highest since mid-March against major peers, and touched a fresh 10-month top to the yen. U.S. stock futures pointed to a 0.1% decline, following a 0.7% slide for the S&P 500 (.SPX) overnight. "It all goes back to the discussion of where that magical neutral rate happens to be," he said. The dollar earlier touched the highest since Nov. 4 versus the yen at 147.875 . Brent crude futures edged up 12 cents to $90.72 a barrel, while U.S. West Texas Intermediate crude (WTI) futures gained 11 cents to $87.65.

Persons: Kim Kyung, Brent, HSI, hasn't, Kyle Rodda, Kevin Buckland, Simon Cameron, Moore Organizations: Tokyo Stock Exchange, REUTERS, Rights, U.S, Japan's Nikkei, Federal Reserve, Capital.com, U.S ., People's Bank of China, Brent, West Texas, Thomson Locations: Tokyo, Japan, United States, Asia, Europe, Melbourne, China, Saudi Arabia, Russia

☆ Australia passes law to encourage competition for main market operator ASX
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

A pedestrian is reflected in a window where an investor sits looking at a board displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia February 9, 2018. REUTERS/David Gray/File Photo Acquire Licensing RightsCompanies ASX Ltd FollowSYDNEY, Sept 6 (Reuters) - Australia passed a law on Wednesday to support competition in post-trade settlement and clearing for financial markets, challenging the near-monopoly status held by ASX Ltd (ASX.AX). After ASX cancelled a costly overhaul of its trading platform, the federal government said it was opening up the market to let other players in. Though Australian financial regulators have called for greater competition in clearing and settlement functions for years, a failed overhaul of ASX's all-in-one legacy software system renewed pressure from market participants to challenge its near-monopoly. In other major financial markets, clearing and settlement, or confirming the transfer of stock ownership and updating share registries, are managed by separate entities to the market operator.

Persons: David Gray, Jim Chalmers, Byron Kaye, Simon Cameron, Moore Organizations: Australian Securities Exchange, REUTERS, ASX Ltd, Senate, Reserve Bank of Australia, Australian Securities and Investments, Thomson Locations: Sydney, Australia

The decision by EPA Administrator Michael Regan means that one of the agency's most important air quality regulations will not be updated until well after the 2024 presidential election. Political Cartoons View All 1145 ImagesThe delay marks the second time in 12 years that a Democratic administration has put off a new ozone standard prior to an election year. Former President Barack Obama shut down plans to tighten ozone standards in 2011, leading to four-year delay before the standards were updated in 2015. "Unfortunately we’ve seen the process for updating the ozone standards repeatedly swept up in political games that risk lives,'' the lawmakers said in an Aug. 7 letter to EPA. Lianne Sheppard, a University of Washington biostatistics professor who chairs the scientific advisory panel, said Regan's decision was “his alone” to make.

Persons: Michael Regan, “, Regan, ”, Barack Obama, Paul Billings, Raul Garcia, ” Garcia, Sen, Sheldon Whitehouse, we’ve, Conor Bernstein, EPA’s, Donald Trump, Bernstein, Andrea Woods, —, Lianne Sheppard, Richard Moore, Peggy Shepard, Moore, Sheppard, Tomas Carbonell, Carbonell Organizations: WASHINGTON, Environmental Protection Agency, Republicans, Democratic, American Lung Association, National Mining Association, American Petroleum Institute, Scientific Advisory, White, Environmental, EPA, University of Washington, E, White House, Los Jardines Institute, WE ACT, Environmental Justice, Air Locations: Billings, Albuquerque , New Mexico, New York City

☆ Takeaways from the first Fulton County hearing on the Trump election subversion case
▼ + stars: | 2023-09-06 | by ( Jeremy Herb | ) edition.cnn.com time to read: +9 min

Here are takeaways from Wednesday’s hearing:Judge skeptical of a quick and joint trialMcAfee expressed skepticism about Fulton County District Attorney Fani Willis’ desire to hold a joint trial for all 19 defendants in October. “It just seems a bit unrealistic that we can handle all 19 (defendants) in 40-something days,” McAfee said. Trump is at the center of the Fulton County prosecutors’ alleged conspiracy, even as they charged 18 other co-defendants for taking part in efforts to overturn the 2020 election result. Special counsel Jack Smith took a different approach in his federal election subversion case, charging Trump alone and including six unindicted co-conspirators – several of whom are now Trump’s co-defendants in Fulton County. Scott Grubman, an attorney for Chesebro, suggested Trump’s presence in the Fulton County case could cloud how a jury views the other defendants.

Persons: Donald Trump, it’s, Kenneth Chesebro, Sidney Powell, Scott McAfee, Powell –, McAfee, Fani Willis ’, Willis, ” McAfee, Nathan Wade, What’s, ”, Judge, Powell, Chesebro, Sydney Powell, Kenneth Chesebro Getty, Kenneth Chesbro “, Cheseboro, Michael Moore, ” Moore, ’, Manny Arora, ” Arora, Arora, Trump, Brian Rafferty, Rafferty, “, Will Wooten, ” Wooten, Jack Smith, –, Scott Grubman, ” Grubman, Grubman, Meadows, Mark Meadows, – Robert Cheeley, Jeffrey Clark, Shawn Still – Organizations: CNN, Trump, Chesebro, RICO, McAfee, White House Locations: Fulton County , Georgia, Fulton County, Georgia, Coffee County , Georgia, Coffee County, Fulton, Chesebro

Go First has been locked in legal disputes with many of its foreign lessors since being granted bankruptcy protection in India in May. Bankruptcy froze its assets and has prohibited the recovery of more than 50 grounded Airbus (AIR.PA) planes. Go First, whose lessors also include Standard Chartered's Pembroke Aircraft Leasing, SMBC Aviation and BOC Aviation, did not respond to a request for comment. The world's second-largest aircraft lessor, SMBC, warned in May that India's decision to block leasing firms from reclaiming Go planes would jolt the market and spark a confidence crisis. Reporting by Aditi Shah and Arpan Chaturvedi in New Delhi; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Adnan Abidi, ACG, lessors, Aditi Shah, Arpan Chaturvedi, Simon Cameron, Moore Organizations: REUTERS, Go, Airbus, Court, Reuters, ACG Aircraft Leasing, Bankruptcy, Pembroke Aircraft Leasing, SMBC Aviation, BOC Aviation, Thomson Locations: New Delhi, India, DELHI, Ireland, Delhi

☆ 5 Minutes That Will Make You Love Max Roach
▼ + stars: | 2023-09-06 | by ( Marcus J. Moore | ) www.nytimes.com time to read: +6 min

Listen on YouTube◆ ◆ ◆Joseph Patel, producer of ‘Summer of Soul’Max Roach, “Drums Unlimited”I discovered and fell in love with jazz while in college. From this study, I could put my finger on the records, musicians and lineups at the forefront of change in the genre — and at every step of the way, there was Max Roach. On “Freedom Day,” Max’s drum playing represents a heart dealing with the emotions of becoming a free human being. Listen on YouTube◆ ◆ ◆Brandi Waller-Pace, musician, educator and scholar-activistClifford Brown and Max Roach, “Joy Spring”Few drummers have reached the level of innovation and influence Max Roach did throughout his long and prolific career. “Joy Spring,” recorded with the legendary and tragically short-lived Clifford Brown and Max Roach Quintet, is a jazz classic and a personal favorite.

Persons: “, ”, Abstrutions ”, Stanley Cowell’s, ◆ Joseph Patel, ’ Max Roach, Max Roach, Roach, Abbey Lincoln, ◆ Nicole Sweeney, Lincoln’s, Max, Booker Little, ◆ Brandi Waller, Clifford Brown, Kenny Clarke, Roach’s, Harold Land’s, I’m, ◆ Elena Bergeron, Charles Mingus, Duke Ellington, Mingus, Ellington Organizations: YouTube, Calif, Harlem Cultural, Pace Locations: Davis, Harlem

☆ UK builders suffer sharp fall in orders as rates rise -PMI
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

Workers stand on scaffolding at a residential building in London, Britain, March 7, 2016. Builders cited weaker economic conditions, cutbacks to new building projects and local planning delays as factors holding back house-building activity. S&P said total new orders for the construction sector fell at the fastest pace since May 2020. "Resilient demand for commercial work and infrastructure projects are helping to keep the construction sector in expansion mode for now," Moore said. However, forward-looking measures of the construction PMI fell, with business activity expectations for the year ahead the weakest since January.

Persons: Toby Melville, Tim Moore, Moore, Suban Abdulla, William Schomberg, Catherine Evans Organizations: REUTERS, P, P Global Market Intelligence, Builders, Bank of England's, PMI, Thomson Locations: London, Britain

For the better part of an hour, he might be the only person. Mr. Haugen has worked for more than half of his 52 years as a fire lookout, scanning the larch and pine wilderness from a one-room mountaintop cabin. More and more, he stands at another divide, too: between human jobs and automation. The chief of the U.S. Forest Service, Randy Moore, told lawmakers in March that the agency was moving away from humans in watchtowers. “We need to lean much further into the technology arena,” he said.

Persons: Leif Haugen, Haugen, mutt, Ollie, Randy Moore, ” Organizations: U.S . Forest Service Locations: Montana, West

Senate Minority Leader Mitch McConnell shrugged off questions about his health on Wednesday after speculation and concern have run rampant since he appeared to freeze up at an event last week. “I think Dr. Monahan covered the subject fully,” McConnell said, noting that he plans to finish his term in the Senate, which ends in 2027, and as leader. Monahan, in a letter released Tuesday, said he found “no evidence” that McConnell experienced a stroke or seizure or has a movement disorder like Parkinson’s disease. Political Cartoons View All 1146 ImagesThe comments came after McConnell addressed his health at the Senate GOP caucus meeting on Wednesday. But others have cast doubt on the physician’s conclusions, including McConnell’s Kentucky counterpart, Sen. Rand Paul, an ophthalmologist.

Persons: Mitch McConnell shrugged, McConnell, Brian Monahan, “, Monahan, ” McConnell, Sen, Lindsey Graham of, Shelley Moore Capito, West Virginia, Mitt Romney, he’s “, Rand Paul Organizations: Capitol, GOP, Wednesday, Senate Republicans, Kentucky Locations: Lindsey Graham of South Carolina, West, Utah

☆ Singapore seizes money launderer's assets in Swiss banks in S$1.8 billion case
▼ + stars: | 2023-09-06 | by ( Chen Lin | ) www.reuters.com time to read: +2 min

The Straits Times Illustrations/Cel Gulapa via REUTERS/File Acquire Licensing Rights Read moreSINGAPORE, Sept 5 (Reuters) - Police in Singapore investigating a major money laundering operation have seized S$125 million ($91.79 million) from the bank accounts of one of ten foreign suspects accused in the case. The total value of assets seized by investigating authorities now stands at S$1.8 billion, according to prosecutors. The scale of the money laundering operation has shocked the wealthy Asian financial hub, and raised concerns over whether there are loopholes in its financial system. A state court denied bail for two of the accused foreigners, Wang Baosen and Su Baolin, on Wednesday. ($1 = 1.3618 Singapore dollars)Reporting by Chen Lin in Singapore; Additional Reporting by Yantoultra Ngui; Editing by Simon Cameron-Moore and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Su Baolin, Su Haijin, Chen Qingyuan, Su Wenqiang, Lin Baoying, Zhang Ruijin, Wang Dehai, Su Jianfeng, Vang Shuiming, Wang Baosen, Bank Julius Baer, Julius Baer, Chen Lin, Yantoultra Ngui, Simon Cameron, Moore, Jan Harvey Organizations: The Straits, REUTERS, Police, Turkish, Credit Suisse Singapore, Bank, Credit Suisse, Thomson Locations: Singapore, SINGAPORE, Vang

☆ Shares, oil rise as sentiment towards China brightens
▼ + stars: | 2023-09-04 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

There was relief that embattled property developer Country Garden won approval from its creditors to extend payments for an onshore private bond. S&P 500 futures and Nasdaq futures rose between 0.2%-0.3%, while European stocks neared one-month highs. At least seven Fed officials are due to speak this week ahead of the next policy meeting on Sept. 19-20. In commodities, oil traded near seven-month highs on tightening supply as Saudi Arabia was widely expected to extend voluntary oil production cuts into October. Brent crude futures rose 0.2% to $88.75 a barrel, as did U.S. futures , reaching $85.73.

Persons: Ron Temple, I'm, Craig Erlam, we're, Christine Lagarde, Wayne Cole, Shri Navaratnam, Muralikumar Anantharaman, Simon Cameron, Moore, Sonia Cheema, Ed Osmond Organizations: Federal Reserve, Country Garden, Lazard, Investor, Holdings, Nasdaq, drugmaker Novo Nordisk, August's U.S, European Central Bank, Brent, Thomson Locations: United States, Beijing, China, Europe, U.S, Saudi Arabia, Sydney

☆ Shares, commodities rise as sentiment towards China brightens
▼ + stars: | 2023-09-04 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 1.1%, having climbed 2.3% last week, thanks in large part to a 1.3% rise in Chinese blue chips (.CSI300). S&P 500 futures and Nasdaq futures rose between 0.2%-0.3%, while European stocks neared one-month highs. At least seven Fed officials are due to speak this week ahead of the next policy meeting on Sept. 19-20. In commodities, gold benefited from the diminished risk of a U.S. rate rise to stand at $1,940 an ounce . Brent crude futures rose 0.2% to $88.75 a barrel, as did U.S. futures , reaching $85.73.

Persons: Ron Temple, Jim Reid, Christine Lagarde, Wayne Cole, Shri Navaratnam, Muralikumar Anantharaman, Simon Cameron, Moore, Sonia Cheema Organizations: Federal Reserve, Country Garden, Lazard, Holdings, Nasdaq, drugmaker Novo Nordisk, August's U.S, Deutsche Bank, European Central Bank, Brent, Thomson Locations: China, United States, Beijing, Asia, Pacific, Japan, drugmaker Novo, Canada, Australia, U.S, Saudi Arabia

"Whether this bounce will continue remains to be seen, but it has given China equities a shot in the arm." S&P 500 futures and Nasdaq futures both edged up 0.1%, while stocks in Europe opened on a strong footing. "The soft landing crowd will be pleased that the labour market is softening without much stress at the moment," Deutsche Bank strategist Jim Reid. Any path to a hard landing, outside of a shock, has to go via signs of a soft landing first," he said. Brent crude futures were steady on the day at $88.50 a barrel, while U.S. futures were also flat at $85.55.

Persons: Jim Reid, Christine Lagarde, Wayne Cole, Shri Navaratnam, Muralikumar Anantharaman, Simon Cameron, Moore Organizations: Federal Reserve, Country Garden, RBC Capital Markets, Holdings, Nasdaq, drugmaker Novo Nordisk, August's U.S, Deutsche Bank, European Central Bank, Brent, Thomson Locations: U.S, China, SYDNEY, United States, Beijing, Shanghai, Asia, Pacific, Japan, Europe, drugmaker Novo, Canada, Australia, Saudi Arabia

☆ Factbox: How China is trying to boost its stock market
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Aly Song/File Photo Acquire Licensing RightsSept 4 (Reuters) - China is launching a campaign to revive its lagging stock market, and boost investor confidence in an ailing economy. A slew of measures announced include reducing trading costs, slowing the pace of initial public offerings (IPOs), encouraging margin financing and protecting small investors. IMPROVING BEIJING STOCK EXCHANGE:China Securities Regulatory Commission (CSRC) aims to boost liquidity in the market by relaxing investor thresholds and improving trading mechanisms. It will seek to reform and invigorate the market, focusing on funding innovative small companies that specialise in niche sectors. TRANSACTION COSTS:The stamp duty on stock trading was halved on Aug 28, the finance ministry announced.

Persons: Aly, Li Gu, Jason Xue, Tom Westbrook, Simon Cameron, Moore, Lincoln Organizations: Shanghai Stock Exchange, REUTERS, Beijing Stock Exchange, China Securities Regulatory Commission, Thomson Locations: Pudong, Shanghai, China, BEIJING, Singapore

☆ Oil steady amid OPEC+ supply cut expectations
▼ + stars: | 2023-09-04 | by ( Mohi Narayan | Thomson Reuters | Reports On Everything How Asia S Fuel Use Recovers The Fallout Of To Tracking How The Global Energy Transition Impacts Refinery Expansion Plans | ) www.reuters.com time to read: +3 min

NEW DELHI, Sept 4 (Reuters) - Oil prices were stable on Monday, amid expectations that major producers would keep supplies tight, as hopes grew for the Federal Reserve to leave interest rates unchanged to avoid dampening the U.S. economy. "Crude oil prices have been primarily driven by the anticipation of additional supply cuts from major oil-producing nations, Russia and Saudi Arabia," said Sugandha Sachdeva, executive vice president and chief strategist at Acme Investment Advisors. Sachdeva added, however, that the steady increase in U.S. oil production could limit further significant gains in price. Russia has already said it will cut exports by 300,000 barrels per day (bpd) in September, following a 500,000-bpd cut in August. "Because of the OPEC+ cuts, there's not sufficient supply (of sour crude) for all these complex refineries in India, Kuwait, Jizan, Oman and China," Hardy said.

Persons: Sugandha Sachdeva, Sachdeva, Alexander Novak, Russell Hardy, there's, Hardy, Mohi Narayan, Andrew Hayley, Simon Cameron, Moore, Clarence Fernandez Organizations: Federal Reserve, Brent, . West Texas, Acme Investment Advisors, Organization of, Petroleum, Thomson Locations: DELHI, U.S, Russia, Saudi Arabia, Singapore, India, Kuwait, Jizan, Oman, China, New Delhi, Beijing

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