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☆ Nine Killed in Ukraine Attack in Russian-Controlled Part of Kherson, Local Governor Says
▼ + stars: | 2023-11-03 | by ( Nov. | At P.M. | ) www.usnews.com time to read: 1 min

(Reuters) - A Ukrainian missile attack on Friday on an employment centre in a Russian-occupied town in the southern region of Kherson killed nine people and injured nine, the region's Russia-appointed governor was quoted as saying. Russian news agencies quoted Governor Vladimir Saldo as telling Rossiya-24 Television: "As of now, nine dead have been pulled out from under the rubble as well as nine who are badly injured." Earlier reports had put the death toll in the town of Chaplynka at seven. Russia captured Kherson region in the early days of the February 2022 invasion, but have since abandoned the region's main town, Kherson, and other centres on the west bank of the Dnipro River. (Reporting by Reuters; Editing by Alison Williams, Ron Popeski and Leslie Adler)

Persons: Vladimir Saldo, Alison Williams, Ron Popeski, Leslie Adler Organizations: Reuters Locations: Ukrainian, Russian, Kherson, Russia, Chaplynka, Dnipro

REUTERS/Jonathan Ernst/Pool Acquire Licensing RightsWASHINGTON, Nov 3 (Reuters) - The United States will provide $425 million worth of additional arms and equipment to Ukraine for its ongoing fight against Russia's invasion, the Biden administration announced on Friday. The package uses the last of the funds in the Ukraine Security Assistance Initiative (USAI), a more than $18 billion fund that allowed the Biden administration to buy weapons from industry, rather than pull from U.S. weapons stocks. Biden, a Democrat, is calling on U.S. lawmakers to approve more aid for Kyiv. Since the Russian invasion in February 2022 the U.S. has sent about $44 billion worth of security assistance to Ukraine. Reporting by Mike Stone and Susan Heavey; editing by David Ljunggren, Jonathan Oatis and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Antony Blinken, Jonathan Ernst, Biden, Joe Biden, congressionally, Mike Stone, Susan Heavey, David Ljunggren, Jonathan Oatis, Leslie Adler Organizations: Hamas, REUTERS, Rights, Ukraine Security Assistance Initiative, L3Harris Technologies, U.S, Reuters, Authority, Pentagon, Air Missile Systems, High Mobility Artillery Rocket Systems, Biden, Democrat, Kyiv, Republican, Democratic, Thomson Locations: Israel, Palestinian, Tel Aviv, United States, Ukraine, U.S, Kyiv, Russian

OTTAWA, Nov 2 (Reuters) - The Canada Energy Regulator (CER) on Thursday ordered the Trans Mountain oil pipeline expansion project to stop work in a wetland area near Abbotsford, British Columbia, after inspectors found several environmental and safety-related non-compliances. Trans Mountain Corp, the Canadian government-owned corporation building the expansion project, said the order applies to a specific work area of about 800 metres. Work on the oil pipeline expansion project is more than 95% complete, Trans Mountain said. Prime Minister Justin Trudeau's Liberal government bought the pipeline in 2018 to ensure the expansion project went ahead. In 2021, Trans Mountain was ordered to stop work for four months to protect hummingbird nests along a one-kilometer section of its route.

Persons: Justin Trudeau's, Ismail Shakil, Nia Williams, Leslie Adler, Diane Craft, Aurora Ellis Organizations: OTTAWA, Canada Energy Regulator, Canadian, Trans Mountain Corp, U.S ., Justin Trudeau's Liberal, Thomson Locations: Abbotsford, British Columbia, Alberta, Coast, Asia, U.S . West Coast, Trans

Apple shares, which have risen 37% so far this year, dropped 3.4% after-hours, following the forecast. Maestri said Apple expects to have higher iPhone sales for the fiscal first quarter, even though this year's holiday quarter has one fewer week of sales than the year-ago. Cook said the company's new high-end handset models - the iPhone 15 Pro and Pro Max devices - are facing supply constraints. Apple's sales in China fell to $15.08 billion from $15.47 billion in the fourth quarter a year ago. Cook said that after accounting for foreign-exchange rates, Apple's business in China grew year-over-year, driven by iPhone sales and services revenue.

Persons: Tim Cook, Apple, Cook, Luca Maestri, Bob O'Donnell, Davidson, Tom Forte, Aly, Max, Nabila Popal, Lionel Messi, Stephen Nellis, Yuvraj Malik, Sayantani Ghosh, Peter Henderson, Matthew Lewis, Leslie Adler Organizations: Huawei, Apple, TECHnalysis Research, Mac, REUTERS, Huawei Technologies, U.S, Reuters, Pro, Apple Watch, Thomson Locations: China, Cupertino , California, Shanghai, San Francisco, Bengaluru

Alo Yoga founders Danny Harris and Marco DeGeorge have hired investment bank Moelis (MC.N) to advise on options that include selling a stake in the company, the sources said. No transaction structure has been agreed, and it is possible that Alo Yoga decides against any deal, said the sources, who requested anonymity because the matter is confidential. Spokespeople for Alo Yoga and Moelis declined to comment. Alo Yoga is part of Harris and DeGeorge's company Color Image Apparel, which also includes their Bella+Canvas brand. Kim Kardashian’s underwear brand Skims, which sells active and loungewear, also raised financing this year at a roughly $4 billion valuation.

Persons: Alo Yoga's, Alo Yoga, Danny Harris, Marco DeGeorge, Alo, Taylor Swift, Katie Holmes, Hailey Bieber, Kendall Jenner, Harris, Dealmaking, Kim, Abigail Summerville, Leslie Adler Organizations: Nike, Wall Street Journal, SoftBank Group Corp, Thomson Locations: U.S, Harris, Los Angeles, athleisure, New York

☆ Boeing assessing Lockbit hacking gang threat of sensitive data leak
▼ + stars: | 2023-10-27 | by ( Zeba Siddiqui | ) www.reuters.com time to read: +2 min

The hacking group posted a countdown clock on its data leak website with a message saying, "Sensitive data was exfiltrated and ready to be published if Boeing do not contact within the deadline!" "For now we will not send lists or samples to protect the company BUT we will not keep it like that until the deadline," the hacking group said. The hacking group typically deploys ransomware on a victim organization's system to lock it up and also steals sensitive data for extortion. Lockbit was the most active global ransomware group last year based on the number of victims it claimed on its data leak blog, according to the U.S. Cybersecurity and Infrastructure Security Agency (CISA). The hacking gang also did not immediately respond to a request for comment sent on an address it mentioned on its data leak site.

Persons: Lindsey Wasson, Lockbit, CISA, Zeba Siddiqui, Leslie Adler Organizations: Boeing KC, Pegasus, U.S . Air Force, REUTERS, Rights, Boeing, Boeing Co, Cybersecurity, Infrastructure Security Agency, Thomson Locations: Everett , Washington , U.S, ”, San Francisco

LEWISTON, Maine, Oct 27 (Reuters) - The man suspected of killing 18 people and wounding 13 in a shooting rampage in Lewiston, Maine, was found dead of a likely self-inflicted gunshot wound on Friday, ending a 48-hour manhunt that followed the most lethal episode of gun violence in the state's history. "He is dead," Maine Governor Janet Mills told a news conference, thanking the hundreds of officers from various agencies involved in the search. Card died of an apparently self-inflicted gunshot wound, said Mike Sauschuck, Maine's Department of Public Safety commissioner. [1/6]Maine's Governor Janet Mills holds a news conference after Lewiston mass shooting suspect Robert Card was found dead, in Lewiston, Maine, U.S., October 27, 2023. Nine deaf people were playing in a weekly tournament at Schemengees, the sister of one of the victims told the Lewiston Sun Journal.

Persons: Robert R, Janet Mills, Robert Card, Mills, Card, Mike Sauschuck, Kevin Lamarque, Sauschuck, Joshua Seal, Noel Sullivan, Seal, Sullivan, Stephen Vozella, Bryan MacFarlane, Keri Brooks, Bill Young, Aaron, Bill's, Rob Young, Bob Violette, Lucille Violette, Cassandra Violette, Tricia Asselin, Joseph Walker, Leroy Walker, Joey, Gabriella Borter, Julia Harte, Rich McKay, Daniel Trotta, Steve Gorman, Mark Porter, Jonathan Oatis, David Gregorio, Leslie Adler, William Malard, Raju Gopalakrishnan Organizations: Maine's Department of Public, U.S . Army, Maine State Police, Army, Lewiston, REUTERS, Authorities, Lewiston Sun, Pine Tree Society, Sun Journal, New, Deaf Cornhole, Reuters, Thomson Locations: LEWISTON , Maine, Lewiston , Maine, Lisbon Falls, Maine, Lewiston, Androscoggin, Portland, Maine's, Augusta, Bowdoin, Saco , Maine, U.S, Lisbon, Schemengees, Pine, New York, Atlanta

☆ Bristol Myers says it needs another year to hit target for new drugs
▼ + stars: | 2023-10-26 | by ( Michael Erman | ) www.reuters.com time to read: +2 min

Bristol Myers reported that it earned $4.1 billion, or $2 per share, in the third quarter, down from $4.3 billion, or $1.99 a share, a year earlier. Analysts, on average, had expected earnings per share of $1.76. It now expects earnings per share in the range of $7.50 to $7.65, up from its previous target of $7.35 to $7.65. Chief Operating Officer Chris Boerner is expected to become chief executive of Bristol Myers next month, replacing current CEO Giovanni Caforio. Earlier in October, BMS agreed to buy cancer drugmaker Mirati Therapeutics (MRTX.O) for up to $5.8 billion, in an attempt to diversify its oncology business.

Persons: David Elkins, Bristol Myers, Chris Boerner, Giovanni Caforio, Michael Erman, Sriparna Roy, Leslie Adler Organizations: Bristol Myers Squibb, BMS, Bristol, Therapeutics, Thomson Locations: The New Jersey

☆ Brazil's Lula names new CEO of state-run lender Caixa
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

Companies Caixa Economica Federal FollowBRASILIA, Oct 25 (Reuters) - Brazilian President Luiz Inacio Lula da Silva on Wednesday picked Carlos Antonio Vieira Fernandes to replace Rita Serrano as CEO of state-run lender Caixa Economica Federal. Her replacement, Fernandes, is a former worker at the bank and former director of the Caixa employees' pension fund, Funcef. The CEO appointment comes after months of negotiations with a powerful bloc of lawmakers called "centrao." Fernandes was recommended to Lula by Lower House Speaker Arthur Lira on behalf of the bloc, in exchange for more support in Congress. Reporting by Lisandra Paraguassu; Writing by Peter Frontini; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Luiz Inacio Lula da Silva, Carlos Antonio Vieira Fernandes, Rita Serrano, Serrano, Lula, Fernandes, Arthur Lira, Lisandra Paraguassu, Peter Frontini, Leslie Adler Organizations: Caixa Economica, Caixa Economica Federal, Caixa, Lower, Thomson Locations: BRASILIA, Caixa, Lula

☆ Australia central bank chief weighs whether high Q3 inflation warrants rate rise
▼ + stars: | 2023-10-25 | by ( Stella Qiu | ) www.reuters.com time to read: +2 min

SYDNEY, Oct 26 (Reuters) - The head of Australia's central bank on Thursday said the strong third-quarter inflation report was around policymakers' expectations, and they were still considering whether it would warrant a rate rise. Reserve Bank of Australia Governor Michele Bullock warned earlier this week that the central bank will not hesitate to raise interest rates further if there is a "material" upward revision to the outlook. Bullock noted that goods inflation is coming down as desired, but services inflation is higher than what policymakers were comfortable with. The third quarter inflation was higher than what the central bank had forecast in August, which raised concerns about whether the RBA can get inflation back to the target band of 2-3% in late 2025, an already protracted path compared with other major economies. Reporting by Stella Qiu; Editing by Leslie Adler, Sonali Paul and Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Michele Bullock, Bullock, Stella Qiu, Leslie Adler, Sonali Paul Organizations: SYDNEY, Reserve Bank of Australia, Thomson

☆ Weight-loss drugs driving hedge fund consumer stock flows -Goldman Sachs
▼ + stars: | 2023-10-25 | by ( Carolina Mandl | ) www.reuters.com time to read: +3 min

For every two U.S. consumer staples stocks that hedge funds have shorted, they have bought one, Goldman Sachs said. U.S. companies ranging from supermarkets to beer have been under pressure on concerns about the impact of weight-loss drugs like Ozempic, Wegovy and Mounjaro. Shares in the U.S. consumer staples sector (.SPLRCS) are down roughly 8% this year, which some investors see as an overreaction to the new weight-loss drugs. "Consumer staples has been ignored and beaten up," said Bryant VanCronkhite, equities senior portfolio manager at Allspring Global Investments LLC. PORTFOLIO ROTATIONEuropean hedge funds have bought defensive stocks in October, while selling cyclicals, according to Goldman Sachs.

Persons: Goldman Sachs, Bryant, Carolina Mandl, Sharon Singleton, Leslie Adler Organizations: Allspring Global Investments, Thomson Locations: Europe, U.S, Israel, United States, Norway, Denmark, Germany, defensives, New York

☆ Armenia sees no advantage in keeping Russian military bases -PM to WSJ
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

Armenia's Prime Minister Nikol Pashinyan arrives at the Palace of Charles V on the day of the European Political Community Summit in Granada, Spain October 5, 2023. REUTERS/Jon Nazca/File Photo Acquire Licensing RightsMOSCOW, Oct 25 (Reuters) - Armenia sees no advantage in continuing to host Russian military bases on its territory after Azerbaijan retook the contested region of Nagorno-Karabakh, the Armenian prime minister told the Wall Street Journal in an interview published on Wednesday. "These events have essentially brought us to a decision that we need to diversify our relationships in the security sphere, and we are trying to do that now," Prime Minister Nikol Pashinyan told the WSJ. Russia's military presence in Armenia includes garrisons in two locations and an airbase. Later on Wednesday, Kremlin spokesman Dmitry Peskov said that Russian authorities were unaware of Pashinyan's comments.

Persons: Nikol Pashinyan, Charles V, Jon Nazca, Dmitry Peskov, Peskov, Felix Light, Maxim Rodionov, Gareth Jones, Leslie Adler Organizations: Armenia's, Political Community Summit, REUTERS, Rights, Wall Street, Thomson Locations: Granada, Spain, Armenia, Russian, Azerbaijan, Nagorno, Karabakh, Soviet Union, Moscow, Caucasus

The Alzheimer's drug LEQEMBI is seen in this undated handout image obtained by Reuters on January 20, 2023. Eisai/Handout via REUTERS/File Photo Acquire Licensing RightsBOSTON, Oct 25 (Reuters) - An injected version of Eisai (4523.T) and Biogen's (BIIB.O) Alzheimer's drug Leqembi works as well as the current intravenous version at removing toxic brain plaques, according to an analysis presented by Eisai on Wednesday. The Japanese drugmaker's review compared data for 72 patients with early Alzheimer's given Leqembi by subcutaneous injection to prior pivotal trial results from 898 patients who received the drug by infusion. Blood concentration levels of the drug were 11% higher with subcutaneous Leqembi than the IV version. Roll-out of IV Leqembi, which has an annual list price of $26,500, has been slow.

Persons: Eisai, Leqembi, ”, Eric Reiman, Priya Singhal, Biogen, Michael Irizarry, Alzheimer's, Julie Steenhuysen, Deena Beasley, Bill Berkrot, Leslie Adler Organizations: Reuters, REUTERS, Rights, Banner Alzheimer's Institute, ARIA, Thomson Locations: Handout, Boston, Los Angeles

☆ Intesa to add 2 bln to reserves from bank tax
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

The logo of bank Intesa Sanpaolo is seen in Milan, Italy, January 18, 2016. REUTERS/Stefano Rellandini/File Photo Acquire Licensing RightsMILAN, Oct 25 (Reuters) - Italy's biggest bank, Intesa Sanpaolo (ISP.MI), on Wednesday said it would increase non-distributable reserves by 2.07 billion euros ($2.19 billion) instead of paying a one-off windfall tax, making use of an opt-out clause in the law. A similar decision was announced on Tuesday by rival UniCredit (CRDI.MI), which is boosting reserves by 1.1 billion euros. Reserves must increase by 2.5 times the amount that would be paid as tax, which in Intesa's case would have been 828 million euros. In announcing it was increasing reserves, Intesa said it had decided to spend around 1.5 billion euros over the 2023-2027 period to help people in need.

Persons: Stefano Rellandini, Intesa, UniCredit, Carlo Messina, Valentina Za, Leslie Adler Organizations: REUTERS, Reuters, Thomson Locations: Milan, Italy

☆ Biden won't appear on New Hampshire primary ballot
▼ + stars: | 2023-10-24 | by ( Steve Holland | ) www.reuters.com time to read: +1 min

U.S. President Joe Biden holds an event about the economy, at the White House in Washington, U.S., October 23, 2023. REUTERS/Leah Millis Acquire Licensing RightsWASHINGTON, Oct 24 (Reuters) - President Joe Biden will not have his name on the New Hampshire Democratic primary ballot after the state refused to abide by new Democratic Party rules that South Carolina hold its primary contest first, the Biden re-election campaign said on Tuesday. New Hampshire state law mandates that the state hold its primary election first, but the Democratic National Committee wanted South Carolina to go first in a push for influence from more diverse states. Biden's campaign chair, Julie Chavez Rodriguez, said in a letter to New Hampshire Democratic Party Chair Ray Buckley that Biden would not submit a declaration of candidacy for the New Hampshire ballot ahead of the deadline on Friday. Buckley, in response to Rodriguez's letter, said: "The reality is that Joe Biden will win the New Hampshire first-in-the-nation primary in January, win renomination in Chicago and will be re-elected next November."

Persons: Joe Biden, Leah Millis, Julie Chavez Rodriguez, Ray Buckley, Biden, She, Buckley, Steve Holland, Leslie Adler Organizations: White, REUTERS, Rights, New Hampshire Democratic, Democratic Party, Biden, Democratic National Committee, New, Democratic, Democratic National Convention, Thomson Locations: Washington , U.S, Carolina, Iowa, New Hampshire, South Carolina . New Hampshire, South Carolina, Chicago

☆ Costa Rica, Honduras Agree to End Visa Rules and Ease Trade
▼ + stars: | 2023-10-24 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

Earlier this month, Costa Rica introduced mandatory visa requirements for Hondurans seeking to enter, saying the measure was needed to boost security, which prompted reciprocal action from Tegucigalpa. Earlier this year, Costa Rican President Rodrigo Chaves proposed a set of security measures in response to surging crime, including a record-setting pace for murders. Costa Rican police have attributed rising violence to an uptick in international criminal groups trafficking drugs to the United States. Specifically, Costa Ricans seeking to enter Honduras will need a certificate showing their criminal records, while Hondurans seeking to enter Costa Rica will need a certificate detailing any police record. (Reporting by Alvaro Murillo in Costa Rica; Additional reporting by Gustavo Palencia in Tegucigalpa; Writing by Sarah Morland; Editing by David Alire Garcia and Leslie Adler)

Persons: Rodrigo Chaves, Chaves, Xiomara Castro, Gerardo Torres, Alvaro Murillo, Gustavo Palencia, Sarah Morland, David Alire Garcia, Leslie Adler Organizations: JOSE, Central, Costa, Honduran Locations: Costa Rica, Honduras, Central American, Tegucigalpa, Costa Rican, Central America, United States, Costa Ricans

☆ Tennessee attorney general says six states to discuss big-tech investigation
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Oct 23 (Reuters) - Tennessee Attorney General Jonathan Skrmetti's office said on Monday that there would be a press conference on Tuesday with five other states to discuss a big-tech investigation. The other states participating in the press conference are California, Colorado, Massachusetts, Nebraska and New Hampshire. While Reuters could not determine the topic of the press conference, in November 2021 Tennessee joined seven other states to probe allegations Meta Platforms (META.O) promoted its subsidiary Instagram to children despite potential harms. Separately, Virginia's attorney general's office said on Monday that it would hold a press conference on Tuesday to update reporters on a similar probe into Meta. Reporting by Diane Bartz, Nate Raymond and David Shepardson; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Jonathan Skrmetti's, Diane Bartz, Nate Raymond, David Shepardson, Leslie Adler Organizations: Tennessee, Reuters, Meta, Thomson Locations: California, Colorado , Massachusetts , Nebraska, New Hampshire

☆ Fight over Texas anti-abortion transport bans reaches biggest battlegrounds yet
▼ + stars: | 2023-10-23 | by ( Julia Harte | ) www.reuters.com time to read: +5 min

A few hours north, the Amarillo City Council on Tuesday will weigh its own such law, which could lead to a future council or city-wide vote. He took that approach in Odessa's city elections in 2022 after the council initially blocked one of his "sanctuary city for the unborn" proposals. Not all backers of abortion restrictions support Dickson's transport bans, however. The debates over the transport bans are spurring new shows of support for abortion access. Abortion rights supporters, including four abortion funds in Texas, said they expected the transport bans to backfire on the anti-abortion movement by galvanizing political participation from abortion rights advocates in the lead-up to next year's presidential election.

Persons: Evelyn Hockstein, Roe, Mark Lee Dickson, Dickson, Jason Corley, Corley, Amarillo Mayor Cole Stanley, Kimberleigh Gonzalez, Gonzalez, Rachel O'Leary Carmona, Julia Harte, Colleen Jenkins, Leslie Adler Organizations: Alamo Women's Clinic, REUTERS, Supreme, Amarillo City, federal, Constitutionalist, Amarillo, Thomson Locations: Albuquerque , New Mexico, U.S, Texas, Wade, Lubbock County, Amarillo, Lubbock, New Mexico, Odessa's, Odessa

☆ Planned Parenthood Must Face Trial Over Texas Medicaid Fraud Claims
▼ + stars: | 2023-10-23 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +5 min

At issue is billing by Planned Parenthood after Texas announced its decision to terminate the organization as a provider under its Medicaid insurance programs for low-income people. However, he did not rule on exactly how much it must return, or whether Planned Parenthood knowingly broke the law. Both Planned Parenthood and the office of Texas Attorney General Ken Paxton did not immediately respond to requests for comment. Planned Parenthood has said the videos were heavily edited and misleading, and denied wrongdoing. Planned Parenthood, as a leading abortion provider, has long drawn the ire of abortion opponents, who have called for cutting off its government funding.

Persons: Brendan Pierson, Nate Raymond, Matthew Kacsmaryk, Kacsmaryk, Ken Paxton, Paxton, Donald Trump, Roe, Wade, Will Dunham, Alexia Garamfalvi, Leslie Adler Organizations: Reuters, Republican, Texas, U.S, District, Supreme Locations: Texas, Amarillo, Louisiana, State, U.S, New York

☆ What is most significant in the Pentagon's China military report?
▼ + stars: | 2023-10-21 | by ( ) www.reuters.com time to read: +2 min

MISSILES:The report said China probably completed the construction of its three new silo fields in 2022, which has at least 300 new intercontinental ballistic missile (ICBM) silos. The report said China may be exploring developing conventionally armed intercontinental-range missile systems, which, if developed, could allow Beijing to threaten the United States. OVERSEAS BASING:China has been expanding its global military footprint, though it is still much smaller than the United States' network of bases. U.S. ASSISTANCEWhile the report said China has generally ignored or denied the United States' efforts to have military-to-military talks, it described an occasion when Beijing required U.S. assistance. In April 2023, the Chinese military requested U.S. assistance in evacuating Chinese diplomats from Khartoum, Sudan.

Persons: Dado Ruvic, Idrees Ali, Michael Martina, Leslie Adler Organizations: REUTERS, Rights, Pentagon, Thomson Locations: China, Beijing, United States, Burma, Thailand, Indonesia, United Arab Emirates, Kenya, Nigeria, Namibia, Mozambique, Bangladesh, Papua New Guinea, Solomon Islands, Tajikistan, Khartoum, Sudan, The U.S

WASHINGTON, Oct 20 (Reuters) - The chance for persistent inflation to keep interest rates higher and potential losses in the commercial real estate market are among the top concerns of respondents to a Federal Reserve survey on financial stability, the U.S. central bank said on Friday. The latest version of the central bank's semiannual report found that three-quarters of survey respondents cited those two issues as prominent near-term risks. Concerns over bank stability following the failure of three large firms this spring were cited by roughly half, similar to levels seen in the May version of the report. Reporting by Pete Schroeder; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Pete Schroeder, Leslie Adler Organizations: Federal, Thomson Locations: U.S

☆ Fed has 'some time' to see data before deciding next rate move, says Logan
▼ + stars: | 2023-10-20 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

Logan acknowledged progress in lowering inflation while still being unsure that price pressures are ebbing to the Fed's 2% target. She said a still-strong job market may need to weaken further to help the Fed achieve its inflation goals. "My focus is on price stability and what further tightening may be needed to achieve our mandate," Logan said. If tighter financial conditions are "persistent that could mitigate some of the need for further increases," Logan said. In her remarks Logan also took stock of the outlook for the Fed's balance sheet contraction policy.

Persons: Lorie Logan, Ann Saphir, Logan, Jerome Powell, Michael S, Sandra Maler, Leslie Adler Organizations: Reserve Bank, Dallas, Kansas City, REUTERS, Federal Reserve Bank, New York University, New, Thomson Locations: Kansas, Jackson Hole , Wyoming, U.S, New York

☆ Factbox-What Is Most Significant in the Pentagon's China Military Report?
▼ + stars: | 2023-10-20 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

In a previous report, the Pentagon estimated that Beijing had more than 400 operational nuclear warheads in 2021. MISSILES:The report said China probably completed the construction of its three new silo fields in 2022, which has at least 300 new intercontinental ballistic missile (ICBM) silos. The report said China may be exploring developing conventionally armed intercontinental-range missile systems, which, if developed, could allow Beijing to threaten the United States. OVERSEAS BASING:China has been expanding its global military footprint, though it is still much smaller than the United States' network of bases. U.S. ASSISTANCEWhile the report said China has generally ignored or denied the United States' efforts to have military-to-military talks, it described an occasion when Beijing required U.S. assistance.

Persons: Idrees Ali, Michael Martina, Leslie Adler Organizations: WASHINGTON, Pentagon Locations: China, Beijing, United States, Burma, Thailand, Indonesia, United Arab Emirates, Kenya, Nigeria, Namibia, Mozambique, Bangladesh, Papua New Guinea, Solomon Islands, Tajikistan, Khartoum, Sudan, The U.S

☆ Mubadala raises stake in Brazilian ethanol producer Atvos
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: 1 min

SAO PAULO, Oct 20 (Reuters) - Abu Dhabi state investor Mubadala Capital raised its stake in Brazilian ethanol producer Atvos, the latter said on Friday. Mubadala, through investment fund FIP MC Green, acquired the stake owned by Grupo Novonor, formerly known as Odebrecht, in the holding company that controls Atvos, representing about 6.85% of the firm's equity. Mubadala already had a direct stake of 31.5% in Atvos. In a statement, the sugarcane ethanol producer said it also aims to enter new markets, such as corn ethanol; biomethane from vinasse and sugarcane straw, in addition to producing sustainable aviation fuel. Reporting by Peter Frontini; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

Persons: Atvos, Green, Mubadala, Peter Frontini, Leslie Adler Organizations: SAO PAULO, Mubadala, FIP, Grupo Novonor, Thomson Locations: Abu Dhabi, Atvos, vinasse

The Direxion Daily TSLA Bull 1.5X Shares ETF (TSLL.O), the largest single-stock ETF for bullish bets on Tesla's shares, saw net daily inflows of $24.9 million on Thursday, according to Lipper data. Tesla's shares are up 72.3% this year. Tesla was also the most-bought stock among retail traders on Thursday, with net buys of $159.5 million, according to data from Vanda Research. On the other side, two ETFs bearish on Tesla, the $58 million Direxion Daily TSLA Bear 1X Shares ETF (TSLS.O) and the $109.6 million AXS TSLA Bear Daily ETF (TSLQ.O), saw net outflows of over $1 million each. Rex Shares and Tuttle Capital Management launched a suite of hyper-levered single-stock exposure funds on Thursday, including the T-REX 2X Long Tesla Daily Target ETF (TSLT.O), the T-REX 2X Inverse Tesla Daily Target ETF (TSLZ.O).

Persons: Elon Musk, Tesla, Todd Sohn, Rex Shares, Bansari Mayur, Ira Iosebashvili, Leslie Adler Organizations: REUTERS, Strategas Securities, Vanda Research, Tuttle Capital Management, Tesla, Target, Thomson Locations: Oslo, Norway, Victoria, Bengaluru

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