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☆ One year of war in Europe: How the dollar, energy and food prices swirled
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +6 min

LONDON, Feb 24 (Reuters) - Russia's invasion of Ukraine has disrupted economies and markets around the world, from energy and food prices to European banks, emerging market stocks and the Russian currency. Below are five charts that show how Europe's biggest conflict since World War Two has shaped global financial markets in the last 12 months. But when Russian tanks rolled into Ukraine in late February, European natural gas prices rocketed by almost 400% in two weeks. Energy prices soared, bringing the threat of blackouts, recession and a worrying switch back to dirtier sources of fuel. Food price pressures are easing, but that does little to soften the blow for many developing nations, where food and energy prices make up a larger share of spending.

☆ Six injured in Jammu blasts before India opposition leader Gandhi arrives
▼ + stars: | 2023-01-21 | by ( Fayaz Bukhari | ) www.reuters.com time to read: +2 min

Modi wants to take control of India's part of the Muslim-majority Himalayan region of Jammu and Kashmir, hotly contested by Muslim-majority Pakistan. Gandhi's march, which has been better received by the public than expected, is expected to culminate in Srinagar later this month. The first blast occurred around 0445 GMT, followed by another explosion, said another police official, who asked not be named because he is not authorised to speak to the media. Jaswinder Singh, who saw the first blast, said it occurred in a vehicle that was sent to a workshop for repairs. “There was a big bang and when I came out, I saw a blast had ripped apart a car.

☆ Here are Cramer's pros and cons on the state of the market in 2023
▼ + stars: | 2023-01-19 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Here's what I come up with when I do that for the stock market and broader economy in 2023. There are a lot more pros than cons. That's a cushy seat on the sidelines and it's hard to get those people back into the equities market. But we have so many strong companies that the layoffs simply haven't been significant. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Rahul Gandhi's cross-India march reaches capital city Delhi
▼ + stars: | 2022-12-24 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Anushree FadnavisNEW DELHI, Dec 24 (Reuters) - A cross-country march led by Indian opposition leader Rahul Gandhi reached the capital New Delhi on Saturday, hoping to regain some of the popularity it lost to the ruling Hindu-nationalist party. Gandhi's mother, former Congress president Sonia Gandhi, party leader Priyanka Gandhi and her husband Robert Vadra joined Saturday's march. The Nehru-Gandhi dynasty has controlled the Congress party for decades but has also overseen its recent decline. Rahul Gandhi resigned as Congress president after the last election. The "Unite India Rally" march began in September in the coastal town of Kanyakumari on the southern tip of India.

☆ The Fed just made its last rate hike of the year. Here's what it means and what happens next.
▼ + stars: | 2022-12-15 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Fed Chair Powell took an aggressive stance at the podium Wednesday, effectively saying the central bank isn't done hiking rates. The Fed signaled it won't be taking its foot off the gas anytime soon with policy, but markets of late have been acting like a so-called Fed pivot is all but guaranteed. "Powell's very hawkish comments didn't get a very hawkish reaction from the market," Wright maintained. But the more the market ignores the Fed, the longer the Fed will have to keep monetary policy restrictive, which ultimately raises the odds of a recession. "We're likely to see head-fakes like this where the market looks for a Fed pivot," one strategist said.

☆ Gonçalo Ramos: Meet the striker who replaced Cristiano Ronaldo and made World Cup history at Qatar 2022
▼ + stars: | 2022-12-07 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

Not only was it his first start at Qatar 2022, the tournament’s first hat-trick, but Ramos’ three goals in this last-16 tie puts Ronaldo record in one-off World Cup games somewhat in the shade. Ronaldo has never scored in a World Cup knockout match, despite competing in five tournaments. Michael Steele/Getty ImagesBenfica CampusRamos is a product of the famous Benfica academy. Never gives up!” Ramos’ Benfica teammate Grimaldo told Marca. His trio of goals ensured Ramos became the first player to score a hat-trick in his first World Cup start since Miroslav Klose against Saudi Arabia in 2002.

☆ Group stage excels as World Cup just keeps giving - now for the serious bit
▼ + stars: | 2022-12-03 | by ( Martyn Herman | ) www.reuters.com time to read: +5 min

That debate will continue after the final ball is kicked, but as far as what has happened inside the eight gleaming stadiums, the World Cup has been a stunning spectacle. When Lionel Messi gave Argentina the lead from the penalty spot in their opening Group C match against Saudi Arabia, all seemed normal. But Saleh Al-Shehri and Salem Al-Dawsari sealed a 2-1 Group C win for the 51st-ranked Green Falcons that, according to data company Nielsen Gracenote, was the biggest statistical shock in World Cup history. Goals by Itsu Doan and Ao Tanaka gave Japan the lead and Costa Rica hit back to lead Germany. After probably the most memorable group phase of any World Cup, now for the serious business.

☆ 'We need to have fun' - Luis Enrique says streaming part of Spain's relaxed vibe
▼ + stars: | 2022-11-30 | by ( Martin Petty | ) www.reuters.com time to read: +2 min

Luis Enrique took the unusual step of starting a daily Twitch livestream when his squad arrived for the World Cup to reach out directly to Spain fans. "My streaming sessions and posting, everyone can have their own reading or interpretation, I didn't start doing this with any specific goal," he told a news conference. He said it was vital for players to be able to have a release from all the pressures that a World Cup brings. "The only goal I set for my players...before this training camp 16 days ago, I told them we need to have fun, fun. They have family children, who have to act with normalcy"Having a day off after 10 days of a training camp.

☆ Taiwan Ruling Party’s Election Drubbing Could Ease Tensions With China
▼ + stars: | 2022-11-28 | by ( Joyu Wang | ) www.wsj.com time to read: 1 min

TAIPEI—A brutal defeat for Taiwan’s ruling party in local elections over the weekend could reduce chances of military conflict with China, according to political analysts, though some warned it could expose the island to subtler forms of pressure from its giant neighbor. On Saturday, voters handed a rebuke to the ruling Democratic Progressive Party in decisive results that led Taiwan President Tsai Ing-wen to resign as party leader. The opposition Nationalist Party, which is seen as being more friendly toward Beijing, scored big wins in many of the mayoral races across Taiwan.

☆ Soccer Iran's Queiroz dismisses 'mental games', hopes less politics at next World Cup
▼ + stars: | 2022-11-28 | by ( Martin Petty | ) www.reuters.com time to read: +2 min

AL RAYYAN, Qatar, Nov 28 (Reuters) - Iran coach Carlos Queiroz on Monday said he hoped the next World Cup would feature less about politics and more about football, stressing there were better ways to use the sport as a force for good. Speaking ahead of his team's Group B match on Tuesday against the United States, Queiroz was asked about the U.S. Soccer federation temporarily displaying Iran's national flag on social media without the emblem of the Islamic Republic, in solidarity with the protest movement. "I still believe I can win games with those mental games," he told a news conference. "Those ... events surrounding this World Cup I hope will be a lesson for all of us in the future and we learn that our mission is here to create entertainment and for 90 minutes make people happy." In a barely veiled reference to the United States, he added: "You talk of human rights, racism, kids dying in schools with shootings, we have solidarity with all those causes.

☆ Costa Rica stun Japan with late Fuller winner
▼ + stars: | 2022-11-27 | by ( Martyn Herman | ) www.reuters.com time to read: +2 min

Japan's historic victory over Germany in their opener coupled with Costa Rica's 7-0 drubbing by Spain cleared the way for Japan to reach the last 16 with a game to spare. Costa Rica, written off before kickoff, are now level on three points with Japan and have a chance to reach the last 16. For Costa Rica the lack of goalmouth action was probably most welcome seeing as they conceded three times in the opening half an hour against Spain. Immediately after the break Japan looked more threatening with Hidemasa Morita finally testing Keylor Navas with a stinging drive the Costa Rica keeper turned away. Kicking towards their fans, Japan began to seize control and Moriyasu made another attacking change with midfielder Kaoru Mitoma coming on for right back Miki Yamane.

☆ Taiwan’s President Steps Down as Leader of Ruling Party After Drubbing in Local Elections
▼ + stars: | 2022-11-26 | by ( Joyu Wang | ) www.wsj.com time to read: 1 min

Taiwan President Tsai Ing-wen leaves after announcing her resignation as head of the ruling Democratic Progressive Party. TAIPEI—Taiwan President Tsai Ing -wen relinquished her seat as head of the island’s ruling party after it lost several key contests in local elections Saturday, foreshadowing political uncertainty amid heightened tensions with China. In a brief speech after the results came in, Ms. Tsai blamed the ballot-box losses on shortcomings in the Democratic Progressive Party’s approach to local politics. “There is still a gap between people’s expectations and our grassroot work,” she said.

☆ Germany looks to bounce back from shock defeat and revive World Cup hopes against dangerous Spain
▼ + stars: | 2022-11-26 | by ( Matias Grez | ) edition.cnn.com time to read: +7 min

Finishing bottom of the group at Russia 2018, a tournament Germany went into as defending champion, was a historic low for the four-time World Cup winner. But after that shock 2-1 defeat to Japan in its opening match, it is once again a distinct possibility. That result means the match against Spain is do or die for Germany, as a defeat would confirm an early flight home from Qatar. World Cup team camps have traditionally been somewhat strict, private affairs, but Spain head coach Luis Enrique has been taking an unconventional approach to passing the time behind closed doors. In Group E’s other match, Japan knows victory over Costa Rica will guarantee its place in the knockout stages.

☆ Asia share markets fret on China COVID outbreaks, Fed outlook
▼ + stars: | 2022-11-21 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

"But for central banks to pause they also need clear evidence that labour markets are easing," he added. read moreEarly Monday, the dollar was a touch softer at 140.26 yen , after last week's bounce from a low of 137.67. The U.S. dollar index stood at 106.900, off last week's trough of 105.300. read moreIn commodity markets, gold was a fraction firmer at $1,751 an ounce , after dipping 1.2% last week. Oil futures were trying to find a floor after last week's drubbing saw Brent lose 9% and WTI roughly 10%.

Now, with mass protests, many would prefer it withdrew from the World Cup being held just across the Gulf from their homeland. Some Iranian fans who went to Qatar for the World Cup made no secret of their solidarity with the unrest. In the Iranian capital Tehran, some banners of the national team have been burned by angry protesters. Pejman Zarji, a 38-year-old sports coach who was in Qatar for the World Cup, said the Iranian team belonged to the people not the government. There’s something really important to understand (now) - 'Team Melli' is what we call the Iran team, it's the team of the people before being the team of the government," he said.

☆ Dark horses Denmark face tricky Tunisia test in World Cup opener
▼ + stars: | 2022-11-20 | by ( Philip O'Connor | ) www.reuters.com time to read: +2 min

DOHA, Nov 20 (Reuters) - Denmark go into their opening World Cup game against a tricky Tunisia side on Tuesday in the unusual position of being among Europe's dark horses, in with an outside chance of winning the tournament if they can get everything right in Qatar. The key group game will be against France, a side they beat twice in the recent Nations League campaign. Eriksen's World Cup debut came in South Africa, but back then he was a teenager just breaking through in the senior ranks of the national team. At the 2018 World Cup they held England scoreless until Harry Kane scored in the 91st minute to give the English a narrow win. He's a tremendous football player," Hjulmand said, and now Tunisia have to find a way to stop him.

REUTERS/Jonathan ErnstWASHINGTON, Nov 14 (Reuters) - Democrats in the U.S. Congress aim to pass bills protecting same-sex marriage, clarifying lawmakers' role in certifying presidential elections and raising the nation's debt ceiling when they return from the campaign trail on Monday. House Speaker Nancy Pelosi and Treasury Secretary Janet Yellen both signaled that addressing the nations' looming debt ceiling would be a priority during the session. Some Republicans have threatened to use the next hike in the $31.4 trillion debt ceiling, expected in the first quarter of 2023, as leverage to force concessions from Biden. Pelosi, who would lose her position as speaker if Republicans win a majority in the House, told ABC News on Sunday that the best way to address the debt ceiling was "to do it now." "We'll have to, again, lift the debt ceiling so that the full faith and credit of the United States is respected."

☆ Shares mixed on Fed warning, China acts on property
▼ + stars: | 2022-11-14 | by ( Wayne Cole | ) www.reuters.com time to read: +5 min

read moreWaller added the markets were well ahead of themselves on just one inflation print, though he did concede the Fed could now start thinking about hiking at a slower pace. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 1.1%, after jumping 7.7% last week. read moreThe news on COVID rules had stoked a short-covering bounce in the yuan, which added to broad pressure on the dollar as yields dived. The dollar index was up a fraction on Monday at 106.920 , but still well short of last week's 111.280 top. Reporting by Wayne Cole; Editing by Shri Navaratnam and Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.

☆ Asia shares pause as Fed warns against exuberance
▼ + stars: | 2022-11-14 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

read moreWaller added the markets were well ahead of themselves on just one inflation print, though he did concede the Fed could now start thinking about hiking at a slower pace. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 0.2%, after jumping 7.7% last week. read moreThe news on COVID rules had stoked a short-covering bounce in the yuan last week, which added to broad pressure on the dollar as yields dived. The dollar's recent retreat provided a much-needed fillip to commodities, with gold up at $1,768 an ounce after jumping over $100 last week. Oil futures extended their gains with Brent up 86 cents at $96.85, while U.S. crude rose 80 cents to $89.76 per barrel.

☆ Asia shares mixed on Fed warning, China hopes
▼ + stars: | 2022-11-14 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

read moreWaller added the markets were well ahead of themselves on just one inflation print, though he did concede the Fed could now start thinking about hiking at a slower pace. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 0.8%, after jumping 7.7% last week. read moreThe news on COVID rules had stoked a short-covering bounce in the yuan last week, which added to broad pressure on the dollar as yields dived. The euro eased a touch to $1.0324 , after climbing 3.9% last week, while the dollar firmed to 139.27 yen following last week's 5.4% drubbing. The dollar's recent retreat provided a much-needed fillip to commodities, with gold holding at $1,763 an ounce after jumping over $100 last week.

☆ Mehmet Oz and 15 other candidates together spent over $223 million of their own money — and lost their 2022 midterm races anyway
▼ + stars: | 2022-11-14 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Mehmet Oz spent nearly $27 million on his failed US Senate run. According to an Insider review of federal and state campaign spending, 16 out of the 22 top-spending candidates in the midterm elections lost their races. Combined, the 16 also-rans spent over $223 million of their own money — just over half of the nearly $443 the top self-funding candidates spent this cycle. They are Rep. David Trone of Maryland (roughly $12.6 million); Gov. Read Insider's entire list of the 22 largest self-funders in the 2022 midterm elections.

☆ Biden’s Student Loan Drubbing
▼ + stars: | 2022-11-12 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

President Biden’s student-loan forgiveness gambit may have purchased votes this week. But on Thursday a Texas federal judge handed the President a legal defeat by ruling that his $400 billion write-off is unconstitutional. The Administration had moved to dismiss the challenge by two student borrowers on grounds that they lacked standing to sue. But Judge Mark Pittman disagreed and ruled for the plaintiffs on summary judgment because he said no material facts were in dispute.

National Democrats were fairly happy on Election Day as they dodged a predicted trouncing at the polls, but state Democrats might have even more to celebrate. And Democrats appear on track to flip the state House in Michigan, as well as in Pennsylvania and Minnesota, according to the National Conference of State Legislatures (NCSL), the nonpartisan organization that represents legislative chambers. Democratic wins this cycle signals a shift in state legislative priorities that could have major ramifications on contentious issues. The Republican-controlled state legislatures in Pennsylvania and Michigan had entertained election denial conspiracies after the 2020 election, for example. "Success does beget success," she said, noting that many state legislative candidates outperformed those competing at the federal level.

☆ Biden approval ticks lower as Democrats brace for midterm losses -Reuters/Ipsos
▼ + stars: | 2022-11-07 | by ( Jason Lange | ) www.reuters.com time to read: +2 min

WASHINGTON, Nov 7 (Reuters) - U.S. President Joe Biden's public approval rating dipped to 39% in a Reuters/Ipsos poll on Monday, reinforcing nonpartisan election forecasters' expectations that his Democratic party was in for a drubbing in Tuesday's midterm elections. The two-day national poll found that Americans' approval of Biden's job performance had dropped by one point, nearing the lowest point of his presidency. This year, his approval rating drifted as low as 36% in May and June. In this week's Reuters/Ipsos poll, about a third of respondents picked the economy as the country's biggest problem, a much larger share than the roughly one in 10 who picked crime. The Reuters/Ipsos poll, conducted online in English throughout the United States, gathered responses from 1,004 adults, including 424 Democrats and 390 Republicans.

☆ Asia shares ease, major test looms for UK bonds
▼ + stars: | 2022-10-17 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

Concerns about financial stability added to the corrosive mix with all eyes on UK bonds, now that the Bank of England's (BoE's) emergency buying spree is over. "Monday's market action will provide a test, not only for the survival of Truss' low-tax vision, but also her political future." Sterling was quoted up 0.4% at $1.1219 , but off the early high with trading sparse in Asia. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) eased 1.2% and back toward last week's 2-1/2 year low. In currency markets, the dollar remains king as investors price in U.S. rates peaking around 5%.

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