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☆ Oil prices continue to rally on tight supply
▼ + stars: | 2023-09-18 | by ( Natalie Grover | ) www.reuters.com time to read: +2 min

Oil tankers sail along Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. China, considered the engine of oil demand growth, remains possibly the biggest risk because of its sluggish post-pandemic economic recovery. "Lack of protracted progress, nonetheless, will be viewed as a major setback on the demand side," said Tamas Varga of oil broker PVM. "The high-for-longer mantra would ultimately have a negative impact on economic growth and would affect oil demand." "The question is, will the Saudis continue to maintain the deficit given the risk that higher prices must surely, at some point, stimulate US shale (oil output)," Investec analyst Callum Macpherson said.

Persons: Tatiana Meel, Brent, WTI, Tamas Varga, PVM's Varga, Callum Macpherson, Natalie Grover, Florence Tan, Sudarshan, David Goodman Organizations: REUTERS, Brent, West Texas, XM, U.S . Federal Reserve, Thomson Locations: Nakhodka, Russia, Saudi Arabia, Ukraine, Europe, China, London, Singapore

[1/4] UBS CEO Sergio Ermotti addresses the Economic Club of New York in New York City, U.S., September 14, 2023. REUTERS/Brendan McDermid Acquire Licensing RightsNEW YORK, Sept 14 (Reuters) - UBS Group (UBSG.S) CEO Sergio Ermotti plans to stay at the helm through 2026 to integrate former rival Credit Suisse in a process he likened to a marathon. "I need to finish the job," Ermotti told the Economic Club of New York on Thursday. "My commitment is to finish the job, and for sure that means staying through the end of 2026. UBS said last month it wants to cut $10 billion in costs by the end of 2026 and lay off 3,000 people in Switzerland.

Persons: Sergio Ermotti, Brendan McDermid, Ermotti, Colm Kelleher, Tatiana Bautzer, Lananh Nguyen, Chris Reese, Timothy Gardner Organizations: UBS, Economic, of New, REUTERS, Credit Suisse, Thomson Locations: of New York, New York City, U.S, Swiss, Asia, China, Switzerland, New York

A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015. Technology staff working on overlapping functions are also at risk of being laid off, one of the people said. "Simplifying the organization will also advance the execution of Citi's transformation, the firm's top priority," the company said in a statement on Wednesday. Citigroup has invested heavily in recent years in technology systems to increase risk controls and compliance to address the consent order, one of the sources said. But the company still employs many people with overlapping functions and redundant technology systems, one of the sources said.

Persons: Mike Segar, Jane Fraser, Moody's, Peter Nerby, Fraser, Tatiana Bautzer, Saeed Azhar, Lananh Nguyen, Leslie Adler Organizations: Citibank, REUTERS, Citigroup, Technology, Citi, Bank of America, Wells, Thomson Locations: New York , New York, U.S, North America

"We are making bold decisions to meet our commitments to our shareholders," Fraser, 56, said in a statement. The latest changes have already eliminated 35 committees, Fraser said, citing an example of efforts to reduce bureaucracy. Job cuts are expected, but the bank did not estimate the number of positions being eliminated or the financial impact, sources familiar with the matter said. "Investors are only going to give Citigroup credit for hard numbers meeting their goals," said Eric Compton, banking analyst at Morningstar. Citi is eliminating layers in former divisions Institutional Clients Group and Personal Banking and Wealth Management.

Persons: Jane Fraser, Fraser, Shahmir Khaliq, Andrew Morton, Peter Babej, Gonzalo Luchetti, Andy Sieg, Wells, JPMorgan Chase, Brian Mulberry, Eric Compton, Ernesto Cantu, Mark Mason, Tatiana Bautzer, Saeed Azhar, Medha Singh, Lananh Nguyen, Nick Zieminski, Jonathan Oatis Organizations: Citigroup, Citi, Bank of America, JPMorgan, Zacks Investment Management, Morningstar, Wealth Management, International, Thomson Locations: North America, New York

☆ New Mexico mayor calls for legislative debate after gun ban
▼ + stars: | 2023-09-13 | by ( Andrew Hay | ) www.reuters.com time to read: +2 min

FILE PHOTO: Governor of New Mexico Michelle Lujan Grisham speaks at a Democratic Party of New Mexico campaign rally featuring U.S. President Joe Biden at the Gallegos Community Center in Albuquerque, New Mexico, U.S., November 3, 2022. REUTERS/Kevin Lamarque/File Photo(Reuters) - Albuquerque’s mayor is urging New Mexico Governor Michelle Lujan Grisham to call a special state legislative session on gun crime after the governor’s ban on carrying guns in his city threw it into the center of the U.S. gun-rights debate. “Albuquerque families can’t afford political debates that distract us from fighting violent crime,” Keller wrote. Gun violence kills around 500 people a year in New Mexico, which ranks sixth among U.S. states for gun deaths per capita, according to gun violence prevention group Everytown for Gun Safety. Albuquerque is among the 10 most dangerous U.S. cities, based on FBI violent crime data.

Persons: New Mexico Michelle Lujan Grisham, Joe Biden, Kevin Lamarque, Michelle Lujan Grisham, Lujan Grisham, Tim Keller, ” Keller, Froylan Villegas, Tatiana Villegas, Samaniego, Lujan Grisham’s Organizations: Democratic Party of New, U.S, Gallegos Community Center, REUTERS, New, Reuters, Albuquerque, Gun Safety Locations: New Mexico, Democratic Party of New Mexico, Albuquerque , New Mexico, U.S, New Mexico’s, Albuquerque

☆ Citigroup CEO Jane Fraser pushes biggest overhaul in almost two decades
▼ + stars: | 2023-09-13 | by ( Tatiana Bautzer | ) www.reuters.com time to read: +3 min

Citigroup CEO Jane Fraser testifies during a U.S. House Financial Services Committee hearing titled “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks” on Capitol Hill in Washington, U.S., September 21, 2022. The bank is also planning to list its Mexican consumer unit, known as Banamex, after a sale process fell through. Scottish-born Fraser is the first woman to lead a Wall Street bank. She spoke in March about her life and career in a wide-ranging interview with Carlyle Group (CG.O) Co-Founder David Rubenstein. Reporting by Tatiana Bautzer; writing by Michelle Price; editing by Lananh Nguyen and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Jane Fraser, Elizabeth Frantz, Jane Fraser's, we've, Fraser, Michael Corbat's, Sandy Weill, David Rubenstein, Goldman Sachs, Smith Barney, Tatiana Bautzer, Michelle Price, Lananh Nguyen, Josie Kao Organizations: Citigroup, . House Financial, REUTERS, Citi, JPMorgan Chase &, Bank of America, Banks, Carlyle Group, Cambridge University, Harvard Business School, McKinsey, Thomson Locations: Washington , U.S, U.S, New York, Scottish, Mexico

☆ Barclays CEO expects revival of deals over next months
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: 1 min

The logo of Barclays bank is seen on glass lamps outside of a branch of the bank in the City of London financial district in London September 4, 2017. REUTERS/Toby Melville/File Photo Acquire Licensing RightsNEW YORK, Sept 12 (Reuters) - Barclays Chief Executive Officer C.S. Venkatakrishnan on Tuesday said he is seeing signs investment banking activity will recover. The CEO, speaking at an investment conference hosted by the bank in New York, said the conditions to reactivate M&A deals and share offerings are being met, with more stable markets, bank lending in terms attractive to investors and valuation corrections over the last months. Reporting by Tatiana Bautzer and Niket Nishant; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.

Persons: Toby Melville, C.S, Venkatakrishnan, Tatiana Bautzer, Mark Porter Organizations: Barclays, REUTERS, Thomson Locations: City, London, New York

The groups argued that banks cannot properly respond to the proposal, which would require lenders to hold more cash to absorb losses, without that analysis. The Fed drafted the rules with the Federal Deposit Insurance Corp (FDIC) and Office of the Comptroller of the Currency (OCC). The "Basel Endgame" proposal implements international capital standards agreed by the Basel Committee on Banking Supervision in the aftermath of the 2007-2009 financial crisis. The U.S. central bank has estimated it will increase industry capital requirements by $170 billion. "These capital rules will have an impact on economic growth and that will affect large businesses and small businesses and their access to capital."

Persons: Rick Wilking, Goldman Sachs, Morgan Stanley, Banks, David Solomon, Jamie Dimon, Morgan Stanley's, Dan Simkowitz, Pete Schroeder, Saeed Azhar, Lananh Nguyen, Tatiana Bautzer, Michelle Price, Paul Simao, Deepa Babington Organizations: Deposit Insurance Corporation, REUTERS, Rights, Federal Reserve, JPMorgan Chase, Citigroup, APA, Fed, Federal Deposit Insurance Corp, Currency, OCC, Banking, Reuters, JPMorgan, FDIC, Republican, Financial, Bank Policy Institute, American Bankers Association, Financial Services, Institute of International Bankers, Securities Industry, Financial Markets Association, Chamber of Commerce, Thomson Locations: Westminster , Colorado, U.S, Washington

☆ Wealthy families pile into bonds, private equity while shedding stocks - Citi
▼ + stars: | 2023-09-12 | by ( Tatiana Bautzer | ) www.reuters.com time to read: +2 min

REUTERS/Chris Helgren/File Photo/File Photo Acquire Licensing RightsNEW YORK, Sept 12 (Reuters) - Wealthy families loaded up on bonds and private equity investments in the first half of the year while slashing their stock exposure, according to a survey by Citigroup's (C.N) private bank. More than half of the 268 family offices polled, accounting for a combined net worth of $565 billion, increased their allocations in fixed income, while 38% boosted their private equity holdings. Investors sought out private equity investments in the first half while the market for initial public offerings (IPOs) stayed sluggish. But the private equity investments are more conservative now than in previous years. The family offices surveyed had an average portfolio allocations that included 22% in both public and private equities respectively, 16% fixed income and 12% cash.

Persons: Chris Helgren, Hannes Hofmann, Ida Liu, Tatiana Bautzer, Lananh Nguyen, Stephen Coates Organizations: Citigroup Inc, Citi, REUTERS, Citigroup, Treasury, Citi Private Bank, Citi's Private Bank, Thomson Locations: Toronto , Ontario, Canada, U.S, China

☆ Wall Street bosses see deal drought easing as IPOs spur optimism
▼ + stars: | 2023-09-12 | by ( Tatiana Bautzer | ) www.reuters.com time to read: +2 min

[1/2] Goldman Sachs CEO David Solomon speaks during the Goldman Sachs Investor Day at Goldman Sachs Headquarters in New York City, U.S., February 28, 2023. Goldman Sachs (GS.N) CEO David Solomon told Reuters in an interview on Tuesday that the optimism that the U.S. economy will avoid a recession is prompting capital markets to reopen. "The environment is definitely better," said Solomon, who noted that Goldman was involved in most of the share offerings. Venkatakrishnan told investors at a conference in New York. The dealmaking slowdown had prompted thousands of layoffs at investment banks, including at Morgan Stanley (MS.N), Goldman Sachs and Citigroup (C.N) in recent months.

Persons: Goldman Sachs, David Solomon, Brendan McDermid, Solomon, Goldman, Instacart, we'll, C.S, Venkatakrishnan, Morgan Stanley's, Dan Simkowitz, BofA, Alastair Borthwick, Morgan Stanley, Tatiana Bautzer, Lananh Nguyen, Mark Porter, Jamie Freed Organizations: Goldman, REUTERS, Reuters, Arm Holdings, underwriters, Barclays, Bank of America, Citigroup, Thomson Locations: New York City, U.S, British, New York

☆ Barclays drawing up plans for hundreds of job cuts -sources
▼ + stars: | 2023-09-08 | by ( Iain Withers | ) www.reuters.com time to read: +1 min

A branch of Barclays Bank is seen, in London, Britain, February 23, 2022. REUTERS/Peter Nicholls/File Photo Acquire Licensing RightsLONDON, Sept 8 (Reuters) - Barclays is drawing up plans to cut hundreds of jobs, two sources familiar with the matter told Reuters, as the bank trims its costs while embarking on a wider strategy review. Bloomberg reported earlier on Friday that the bank was weighing hundreds of job losses. Venkatakrishnan is separately embarking on a wider strategy review, amid some investor dissatisfaction at the bank's underperformance relative to Wall Street investment banks. Barclays' Wall Street rivals have also cut jobs this year, as investment banking revenues are taking a long time to recover.

Persons: Peter Nicholls, Venkatakrishnan, Morgan Stanley, Goldman Sachs, Iain Withers, Tatiana Bautzer, Jonathan Oatis Organizations: Barclays Bank, REUTERS, Barclays, Bloomberg, C.S, Wall, Citigroup, Thomson Locations: London, Britain, British

The logo for Morgan Stanley is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNEW YORK, Sept 7 (Reuters) - Wealthy clients going to a Morgan Stanley banker to discuss their investments may soon have a different sort of experience: having a chatbot listen to their conversation. They signed a deal last summer in which Morgan Stanley has preferred access in product development for wealth management. WEALTH RACEThe AI initiative is part of Morgan Stanley's strategy to drive its wealth division, where net revenue surged 16% to a record in the second quarter and new client assets grew $90 billion. Morgan Stanley is not alone in its AI efforts.

Persons: Morgan Stanley, Andrew Kelly, Sal Cucchiara, Morgan Stanley's, Cucchiara, Andy Saperstein, Sam Altman, Boris Power, OpenAI, they'll, Morgan, James Gorman, JPMorgan Chase, Teresa Heitsenrether, Erica, Nick Reed, Michael Abbott, Abbott, Tatiana Bautzer, Lananh Nguyen, Megan Davies, Nick Zieminski Organizations: New York Stock Exchange, REUTERS, Bankers, Saperstein, Wall, JPMorgan, Rival Bank of America's, OpenAI, Microsoft, Accenture, Thomson Locations: Manhattan , New York City, U.S, California, New York

☆ TikTok-style feeds are surging in music as streamers battle for young listeners
▼ + stars: | 2023-09-07 | by ( Dan Whateley | ) www.businessinsider.com time to read: +3 min

The streaming world is fighting to court young users who want a blended social-music experience. SoundCloud isn't alone among streamers in embracing TikTok-style song discovery and active listening. And, TikTok itself runs a "For You" page in its newly released music-streaming app, TikTok Music, which is currently available in five countries. SoundCloud has long encouraged active listening in its app by putting commenting front and center, offering a messaging tool, and encouraging artist-to-fan interactions. She added: "Younger consumers are more interested in having a more social streaming experience."

Persons: SoundCloud isn't, TikTok, Tatiana Cirisano, Cirisano Organizations: Spotify, YouTube, MIDiA Research, TikTok

Mexico President Andres Manuel Lopez Obrador's steps to roll back reforms aimed at opening Mexico's power and oil markets to foreign competitors ultimately sparked the trade dispute. The steps add to a significant worsening of trade relations between Washington and Mexico City, even as their economic integration grows. Like the energy policies, Washington argues that banning GMO corn for human and animal consumption violates Mexico's obligations under the trade pact. The White House has hoped to avoid escalating energy trade tensions with Mexico as it sought help on immigration and drug trafficking, but talks that began last year have made little progress. In 2022, Mexico had a $130.5 billion goods trade surplus with the United States.

Persons: Katherine Tai, Tatiana Clouthier, Trade Mary Ng, Joe Biden's, Andres Manuel Lopez Obrador's, USTR, Obrador, Biden, Donald Trump, Jarrett Renshaw, David Lawder, Stephen Eisenhammer, Tomasz Janowski Organizations: Trade, Small Business, Export, Washington, United States Trade Representative, United, Chevron, Marathon Petroleum, Comision Federal, Mexico, Ministry, U.S, North American Free Trade, Thomson Locations: Mexican, United States, Mexico, Canada, Mexico City, U.S, United States Mexico Canada, USMCA, Washington, China, Washington's

☆ DeSantis is taking aim at 'zombie studies' on the campaign trail. It's a real thing
▼ + stars: | 2023-09-06 | by ( Annie Nova | ) www.cnbc.com time to read: +6 min

Her course lessons include chemical zombification, bacterial zombification and fungal zombification. Lauro, the University of Tampa professor, is scheduled to give a talk in Frankfurt, Germany, this month called, "Who's Afraid of Zombie Studies?" "The talk is pretty much entirely about this DeSantis nonsense, as well as what DeSantis is doing to education in Florida," Lauro said. Since DeSantis has taken aim at Black history, I think we can connect the dots on why the idea of 'zombie studies' gets under his skin so much. The first wave of zombie fiction hit the U.S. in the late 1920s, during the time of the Great Depression.

Persons: Ron DeSantis, Paul Hennessy, Lightrocket, Eric Smaw, DeSantis, Smaw, automatism, Tatiana Tatum, Tatum, Gino Del Guercio, Del Guercio, Lauro, Sarah Juliet Lauro Organizations: Florida Gov, Rollins College, Rollins College In, Saint Xavier University in, Getty, Harvard Magazine, University of Tampa, Studies, Florida's Department of Education Locations: Florida, Auburndale , Florida, Winter Park , Florida, Canadian, Saint Xavier University in Chicago, tetrodotoxin, pufferfish, Haiti, Frankfurt, Germany, Africa, Caribbean, Hollywood

☆ Dance Performances, Festivals and More Coming This Fall
▼ + stars: | 2023-09-04 | by ( Margaret Fuhrer | ) www.nytimes.com time to read: +2 min

Anniversary celebrations abound this year, in a dance season that seems conspicuously preoccupied with the past. September2023 CROSSING THE LINE FESTIVAL The dance offerings at the French Institute Alliance Française’s annual festival range from celebratory to contemplative. The choreographer Tatiana Desardouin’s “Les 5 Sens,” a collaboration with the artist Nubian Néné, offers an all-night hip-hop dance party at the Standard Hotel’s Boom Boom Room (Sept. 14). And Olivier Tarpaga’s “Once the dust settles, flowers bloom” considers the plight of refugees from Burkina Faso (Oct. 3-8, the Joyce Theater). The multidisciplinary artist Matthew Lutz-Kinoy’s “Filling Station,” a world premiere presented by The Kitchen, reimagines that work for a different America.

Persons: Agnes de Mille, Tatiana Desardouin’s “, ”, “, FIAF Florence Gould, Olivier Tarpaga’s “, MATTHEW LUTZ, KINOY, Lincoln, Lew Christensen’s, Matthew Lutz, serpentwithfeet, Raja Feather Kelly, Wu Tsang Organizations: Russes, French Institute Alliance, FIAF Florence Gould Hall, Ballet, Horatio, Gas, Dia Locations: U.S, Burkina Faso, ”, America

☆ How being a mom changes the game for elite tennis players
▼ + stars: | 2023-09-03 | by ( Eryn Mathewson | ) edition.cnn.com time to read: +6 min

If she’s successful, Wozniacki, 33, would join a short list of mothers who have reached the finals of a grand slam, or won. But the rule limits how many grand slams players can enter, something that tennis pro Taylor Townsend of Chicago would like to see changed. No matter what level of income a player earns, the training required to compete and win at the elite level in tennis is intense. “It’s certainly hard enough to win a grand slam without having a child going, ‘Mom, when are you coming back?’ ” Stubbs told CNN. “Serena … I think she wanted to win the grand slam as a mom more than anything,” she said.

Persons: Caroline Wozniacki’s, Tatiana Prozorova, Petra Kvitová, Jennifer Brady, Coco Gauff, —, Wozniacki, “, ”, ‘, she’s, Serena Williams, Olympia, Kim Clijsters, Caroline Wozniacki, Jada, Australia’s Margaret Court, Naomi Osaka, Terry Holladay, Taylor Townsend, Townsend, Rennae Stubbs, “ It’s, ’ ” Stubbs, Karolina Pliskova, “ Serena …, Christine Stromberg, She’s, Kate Ackerman, Wu Tsai, ” Ackerman Organizations: New, New York CNN, Vogue Magazine, Queens, Women’s Tennis Association, WTA, ESPN, CNN, Professional Tennis Operations, Services, Harvard University Medical School, Boston Children’s Hospital Locations: New York, Russian, Czech, Florida, Belgian, Chicago

☆ The One-Handed Backhand Is on the Way to Extinction
▼ + stars: | 2023-09-01 | by ( Matthew Futterman | More About Matthew Futterman | ) www.nytimes.com time to read: +1 min

Not so long ago, the top ranks of the sport, especially the men’s game, had no shortage of one-handed backhands. Among the top 10 men now, only Stefanos Tsitsipas plays with a one-handed backhand. In more immediate terms, it has been a mostly terrible first week for one-handed backhands in the singles competitions at the U.S. Open. But Tsitsipas, Thiem, Eubanks and Maria all lost in the first days of the tournament. So did Lorenzo Musetti, the rising Italian whose silky one-handed backhand can make tennis cognoscenti drool.

Persons: Federer, Stan Wawrinka, Dominic Thiem, Tatiana Maria, Wawrinka, Grigor Dimitrov, “ I’m, that’s, ” Wawrinka, Tomas Etcheverry, Thiem, Eubanks, Maria, Lorenzo Musetti, drool, Carlos Alcaraz, Musetti Organizations: U.S . Locations: Argentina

☆ LatAm startups lay off staff, expect more IPOs next year - report
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, Aug 30 (Reuters) - Two-thirds of Latin American startups have laid off staff over the last 18 months, as venture capital funding fell sharply in the region, according to "Latin America Digital Transformation" report by venture capital fund Atlantico. Venture capital funding in the second quarter slumped 65% in Latin America, compared with last year, and down more than the 49% globally during the reported period. As the volume of IPOs recovers globally, venture capitalists and Latin American unicorns may return to capital markets. Fintechs are among the fastest growing startups in the region, with digital payment systems such as the Central Bank of Brazil's PIX scheme helping to increase bank account penetration in the region. The launch of a new digital payment system in Mexico, as well as the arrival of digital banks, can change the scenario, according to the report.

Persons: IPOs, Julio Vasconcellos, Tatiana Bautzer, Sherry Jacob, Phillips Organizations: Atlantico, Venture, SoftBank, Arm Holdings, Central Bank of, Thomson Locations: Latin America, Atlantico, Argentina, Mexico

☆ US SEC accuses Citigroup of record-keeping violations related to underwriting expenses
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +1 min

The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren/File Photo/File Photo Acquire Licensing RightsCompanies Citigroup Inc FollowAug 29 (Reuters) - The U.S. Securities and Exchange Commission on Tuesday issued a cease-and-desist order against Citigroup Global Markets Inc over accusations the company's underwriting business willfully violated record-keeping requirements. Citigroup, without admitting or denying the findings, agreed to the order and agreed to pay a $2.9 million penalty, according to an SEC statement. The SEC said that "from at least 2009 through May 2019, CGMI used an unsubstantiated and unverified method to calculate and record indirect expenses associated with its work as an underwriter." Reporting by Ismail Shakil, Dan Whitcomb and Tatiana Bautzer; Editing by Caitlin Webber and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Helgren, CGMI, Ismail Shakil, Dan Whitcomb, Tatiana Bautzer, Caitlin Webber, Jonathan Oatis Organizations: Citigroup Inc, Citi, REUTERS, Citigroup, U.S . Securities, Exchange Commission, Citigroup Global Markets Inc, SEC, Thomson Locations: Toronto , Ontario, Canada

☆ JPMorgan increases stake in Brazilian digital bank C6 to 46%
▼ + stars: | 2023-08-29 | by ( Tatiana Bautzer | ) www.reuters.com time to read: +1 min

NEW YORK, Aug 29 (Reuters) - JPMorgan Chase & Co (JPM.N) has increased its stake in Brazilian digital bank C6 to 46% from 40%, the banks said in a statement on Tuesday, without disclosing the financial terms. The banks said C6 had expanded its number of clients to 25 million from 8 million since June 2021, when JPMorgan bought its initial stake, and had added products such as auto loans. Sanoke Viswanathan, JPMorgan's CEO of international consumer banking, said the investment in C6 Bank was an important part of the lender's global strategy. The credit portfolio of C6 had increased to 40 billion reais ($8.2 billion) from 9.5 billion when JPMorgan first invested, according to the statement. C6 posted a 2.2 billion real loss last year, due to increased provisions for credit losses.

Persons: Sanoke Viswanathan, Tatiana Bautzer, Chris Reese, Michelle Price, David Holmes Organizations: JPMorgan Chase &, JPMorgan, C6 Bank, C6, Thomson

☆ Wozniacki downs Prozorova to make winning return at US Open
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +3 min

Aug 28, 2023; Flushing, NY, USA; Caroline Wozniacki of Denmark hits to Tatiana Prozorova on day one of the 2023 U.S. Open at the Billie Jean King Tennis Center. "It feels amazing to be back," said Wozniacki, who booked a place in the next round against Czech 11th seed Petra Kvitova. The former Australian Open champion wobbled on serve at 5-1 but broke Prozorova immediately afterwards to close out the win. We could have met in the first round," Wozniacki said. I know if I'm playing my best tennis I believe that I can beat anyone in the draw.

Persons: Caroline Wozniacki, Tatiana Prozorova, Billie Jean King, Danielle Parhizkaran, Wozniacki, Petra Kvitova, Dane, Prozorova, I'm, Petra, I've, Kvitova, Shrivathsa Sridhar, Peter Rutherford Organizations: Billie Jean King Tennis Center, Russian, U.S ., Czech, wobbled, Thomson Locations: Flushing , NY, USA, Denmark, Montreal, Cincinnati, Bengaluru

☆ Djokovic and Wozniaki make winning returns to US Open
▼ + stars: | 2023-08-28 | by ( Steve Keating | ) www.reuters.com time to read: +4 min

On the women's side, Coco Gauff was made to work for her place in the second round. Djokovic, prevented from playing in last year's U.S. Open due to being unvaccinated against COVID-19, began his latest campaign to match Margaret Court's all-time record haul of 24 Grand Slams with a 6-0 6-2 6-3 win over Alexandre Muller. read more"This court has seen so much history and so many battles," Djokovic told the New York crowd. SPARSE CROWDWhile Djokovic played in front of a packed house, Swiatek performed to a sparse sleepy morning audience. In contrast to Gauff's laboured win, Danielle Collins, the 2022 Australian Open finalist, turned on the jets to dispose of Czech Linda Fruhvirtova 6-2 6-0 in a lightning quick 52 minutes.

Persons: Serbia's Novak Djokovic, France’s Alexandre Muller, Mike Segar, Novak Djokovic, Caroline Wozniacki, Swiatek, Taylor Fritz, Frances Tiafoe, Coco Gauff, Margaret Court's, Alexandre Muller, Carlos Alcaraz, Djokovic, Frenchman, Arthur Ashe, Daniil Medvedev, Barack Obama, Michelle, Serena Williams, Swede Rebecca Peterson, mercifully, Daria Saville, I'm, Wozniacki, Tatiana Prozorova, Andy Roddick, Fritz, Tiafoe, Steve Johnson, Christopher Eubanks, South Korea's Kwon, Laura Siegemund, Gauff's, Danielle Collins, Czech Linda Fruhvirtova, Steve Keating, Pritha Sarkar, Shri Navaratnam, Peter Rutherford Organizations: Tennis, France’s Alexandre Muller REUTERS, U.S, Djokovic, COVID, Cincinnati, New, U.S ., Djokovic's, Russian, Wimbledon, South, Thomson Locations: Flushing Meadows , New York, United States, U.S, New York, Flushing, American, Cincinnati, Czech

☆ Putin Has His Revenge on Prigozhin - The New York Times
▼ + stars: | 2023-08-26 | by ( Tatiana Stanovaya | ) www.nytimes.com time to read: +2 min

No matter that Mr. Prigozhin subsequently met with the Kremlin and seemed to come and go where he pleased. If Mr. Prigozhin was assassinated, was it a snap decision or a well thought-out plan conceived after the rebellion? Whatever the truth, it’s clear that Mr. Putin had ample reason to wish for Mr. Prigozhin’s demise, and not just as a matter of rehabilitating his reputation. Yet while Mr. Putin undoubtedly sanctioned and funded these endeavors, for him the primacy of the state always took precedence. Mr. Prigozhin would be permitted his ventures as long as he remained subservient to the state apparatus.

Persons: Yevgeny Prigozhin’s, Prigozhin, Vladimir Putin, Putin, Prigozhin’s, Putin’s, It’s Organizations: Kremlin Locations: Russia

☆ 'This is my world': Russia's top Barbie fan sees herself in movie
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +3 min

MOSCOW, Aug 25 (Reuters) - As the proud owner of 12,000 Barbie dolls, Russian collector Tatiana Tuzova was more excited than most to watch the Hollywood movie based on her idol. "I want everything in the real world to be as bright, beautiful and glamorous (as Barbie Land). But when you're out in the real world, there are so many things missing." She said she liked the fact that the Barbie heroine of the film remained true to herself even when she crossed into the real world. She just adapted, let's say, to the real world - as, in general, I did."

Persons: Barbie, Tatiana Tuzova, Maxim Shemetov, Margot Robbie, Tuzova, didn't, Mark Trevelyan, Angus MacSwan Organizations: REUTERS, Reuters, Army, Air Force, Thomson Locations: Krasnogorsk, Moscow, Russia, Ukraine, MOSCOW

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