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The survey by Spain's human rights ombudsman, part of a report presented to parliament on Friday, questioned just over 8,000 people. The document criticised the Church for not cooperating more fully with the investigation and seeking to "minimise the phenomenon". A spokesperson for the Church in Spain declined to comment on the report. The ombudsman's report, which found that nearly 65% of those abused were male, also called for the creation of a state fund to compensate victims. Reporting by Charlie Devereux, Emma Pinedo, Marco Antonio Trujillo and Susana Vera; editing by John StonestreetOur Standards: The Thomson Reuters Trust Principles.

Persons: Fernando Garcia, Garcia, Salmones, Angel Gabilondo, Pedro Sanchez, Charlie Devereux, Emma Pinedo, Marco Antonio Trujillo, Susana Vera, John Stonestreet Organizations: Reuters, Church, Thomson Locations: Madrid, Spain, MADRID, United States, Ireland, France, El Pais

☆ Yellen: Possible long-term yields will come down, but 'no one knows for sure'
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: 1 min

U.S. Secretary of Treasury Janet Yellen prepares for the start of the Development Committee Plenary on the fourth day of the annual meeting of the IMF and the World Bank, following last month's deadly earthquake, in Marrakech, Morocco, October 12, 2023. REUTERS/Susana Vera/File photo Acquire Licensing RightsOct 26 (Reuters) - U.S. Treasury Secretary Janet Yellen on Thursday said the sharp rise in long-term bond yields is reflective of confidence in the U.S. economy and expectations that interest rates will be higher for longer as a result. Yellen, in a televised interview with Bloomberg, said it was also possible that yields on longer-dated bonds will come down, but "no one knows for sure." Reporting By Dan BurnsOur Standards: The Thomson Reuters Trust Principles.

Persons: Janet Yellen, Susana Vera, Dan Burns Organizations: IMF, World Bank, REUTERS, . Treasury, Bloomberg, Thomson Locations: Marrakech, Morocco, U.S

☆ EU's von der Leyen to attend Britain's AI summit
▼ + stars: | 2023-10-27 | by ( Martin Coulter | ) www.reuters.com time to read: +2 min

Ursula von der Leyen, president of the European Commission, and Vera Jourova, a vice president, will attend the summit, according to an update to their official calendars published on Friday. While Sunak hopes to secure Britain's role as a world leader in AI regulation, some have questioned what the summit will achieve in practice. Last week, Bloomberg reported a number of world leaders - including Germany's Olaf Scholz and Canada's Justin Trudeau - would not be attending. While several world leaders, including U.S. Vice President Kamala Harris, are expected to attend the summit, the full guest list has not been made public. Matt Clifford, a tech investor and one of two chief organisers of the event, recently told Reuters the aim of the summit was to kickstart international dialogue on AI regulation.

Persons: Ursula von der Leyen, Vera Jourova, Rishi Sunak, Alan Turing, Sunak, Germany's Olaf Scholz, Canada's Justin Trudeau, Kamala Harris, Matt Clifford, Clifford, We're, Martin Coulter, Christina Fincher, Sharon Singleton Organizations: U.S, European Commission, British, Bletchley, Bloomberg, Reuters, Thomson Locations: England

Mike Sauschuck, Commissioner of the Department of Safety, speaks during a press conference on Tuesday, October 25. WMURA vehicle of interest was located in Lisbon, Maine, Mike Sauschuck, state commissioner for the Department of Public Safety, said during a news briefing Wednesday night. Lisbon is about 8 miles southeast of the city of Lewiston, where the shooting unfolded earlier Wednesday. Residents in Lisbon and Lewiston are being told to shelter in place as the manhunt for a person of interest, Robert Card, continues, he said. Hundreds of officers continue to search for Card as he remains at large and is considered armed and dangerous, Sauschuck said.

Persons: Mike Sauschuck, Robert Card, Sauschuck Organizations: Department of Safety, Department of Public, Residents Locations: Lisbon , Maine, Lisbon, Lewiston

☆ Japan finmin says he is watching yen moves with 'sense of urgency'
▼ + stars: | 2023-10-26 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +1 min

Japanese Finance Minister Shunichi Suzuki arrives for a news conference during the annual meeting of the International Monetary Fund and the World Bank, following last month's deadly earthquake, in Marrakech, Morocco, October 13, 2023. REUTERS/Susana Vera/File Photo Acquire Licensing RightsTOKYO, Oct 26 (Reuters) - Japanese finance minister Shunichi Suzuki maintained a warning to investors against selling the yen on Thursday, saying authorities were closely watching moves after the currency fell beyond 150 yen against the dollar. "I'm watching market moves with a sense of urgency, as before," Suzuki told reporters at his ministry, when asked about renewed weakness in the yen. The dollar rose to 150.32 yen, its highest since October last year when Japan last intervened in the market to support the local currency. Pressure is mounting on the Bank of Japan to change its bond yield control as global interest rates rise.

Persons: Shunichi Suzuki, Susana Vera, Suzuki, Tetsushi Kajimoto, Jamie Freed, Sam Holmes Organizations: International Monetary Fund, World Bank, REUTERS, Rights, greenback, Bank of Japan, Thomson Locations: Marrakech, Morocco, Japan

☆ Siemens Energy shares slide 39% after company seeks guarantees from German govt
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +4 min

The logo of energy technology company Siemens Energy is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. The weekly said Siemens Energy is seeking up to 15 billion euros in guarantees. Siemens remains an anchor investor in Siemens Energy, retaining a 25.1% stake. The government was ready to help Siemens Energy while stakeholders also will have to play their role, they said. J.P. Morgan said in a note that the energy transition will require substantially higher rates of investments, which will bring commercial opportunities for Siemens Energy and sector peers.

Persons: Chris Helgren, Siemens Gamesa, WirtschaftsWoche, Morgan, Matthias Inverardi, Christian Kraemer, Alexander Huebner, Vera Eckert, Friederike Heine, Miranda Murray, Sabine Wollrab, Rachel More, Jan Harvey, Susan Fenton Organizations: Siemens Energy, REUTERS, Companies Company, Siemens, Siemens AG, Reuters Graphics Reuters, Spiegel, European Commission, Siemens Gamesa, Thomson Locations: Vancouver , British Columbia, Canada, BERLIN, Berlin

Zambia was the first African country to default in the COVID-19 era, in late 2020, but its restructuring process has been beset by delays. International bondholders also complained they were left out of the process, which started with drawn-out negotiations with bilateral creditors including China. Zambia's three international bonds rose sharply after the announcement, adding as much as 3.9 cents on the dollar, Tradeweb and MarketAxess data showed. The committee of bondholders owns or controls 40% of the outstanding bonds, Zambia's finance ministry added. Earlier this month, Zambia agreed a memorandum of understanding with its official creditors, including China and members of the Paris Club of creditor nations, to restructure about $6.3 billion of debt.

Persons: Situmbeko Musokotwane, Susana Vera, amortization, Rachel Savage, Karin Strohecker, Bhargav Acharya, David Holmes Organizations: Zambia's, International Monetary Fund, World Bank, REUTERS, IMF, Bondholder, Amia, Amundi, RBC BlueBay Asset Management, Farallon Capital Management, Greylock Capital Management, Paris Club, Thomson Locations: Marrakech, Morocco, JOHANNESBURG, Zambia, China, Rosario

☆ UK's Sunak says AI risks must be addressed, ahead of key safety summit
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

British Prime Minister Rishi Sunak leaves 10 Downing Street to attend Prime Minister's Questions at the Houses of Parliament in London, Britain, October 18, 2023. Sunak wants Britain to be a global leader in AI safety, carving out a role after Brexit between the competing economic blocs of the United States, China and the European Union in the rapidly growing technology. The UK government will also publish a report on "frontier" AI, the cutting-edge general-purpose models that the summit will focus on. The report will inform discussions about risks such as societal harms, misuse and loss of control, the government said. China is expected to attend, according to a Financial Times report, while European Commission Vice President Vera Jourova has received an invitation.

Persons: Rishi Sunak, Clodagh, Sunak, Kamala Harris, Demis Hassabis, Vera Jourova, Paul Sandle, Mike Harrison Organizations: British, REUTERS, Safety, European Union, Google, Financial Times, European, Thomson Locations: London, Britain, Bletchley, United States, China, Canada, France, Germany, Italy, Japan, Hiroshima

☆ 12% earnings growth in 2024 'remarkably optimistic', will likely be a lot lower: Kathryn Rooney Vera
▼ + stars: | 2023-10-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email12% earnings growth in 2024 'remarkably optimistic', will likely be a lot lower: Kathryn Rooney VeraHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Kathryn Rooney Vera, Brian Sullivan, “ Organizations: CNBC

That decision gives U.S. officials new sway over companies in the Netherlands and Japan, where some of the most advanced chip machinery is made. In particular, U.S. rules will now stop shipments of some machines that use deep ultraviolet, or DUV, technology made mainly by the Dutch firm ASML, which dominates the lithography market. Peter Wennink, the chief executive officer, said that it was “just a handful” of Chinese chip factories where the company would not be able to ship certain tools. But “it is still sales that we had in 2023 that we’ll not have in 2024,” he added. ASML’s technology has enabled leaps in global computing power.

Persons: Vera Kranenburg, ASML, “, ”, Peter Wennink, we’ll, Liesje Schreinemacher Organizations: Clingendael Institute, U.S . Department of Commerce Locations: Netherlands, Japan, U.S, China, Dutch, United States

☆ Britain aims for global leadership role with AI safety summit
▼ + stars: | 2023-10-18 | by ( Martin Coulter | ) www.reuters.com time to read: +5 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Oct 18 (Reuters) - Britain will host the world's first global artificial intelligence (AI) safety summit next month, aiming to carve out a role following Brexit as an arbiter between the United States, China, and the European Union in a key tech sector. The Nov. 1-2 summit will focus heavily on the existential threat some lawmakers, including Britain's Prime Minister Rishi Sunak, fear AI poses. Sunak, who wants the UK to become a hub for AI safety, has warned the technology could be used by criminals and terrorists to create weapons of mass destruction. Critics question why Britain has appointed itself the centre of AI safety. "We are now reflecting on potential EU participation," a spokesperson told Reuters.

Persons: Dado Ruvic, Rishi Sunak, Sunak, Alan Turing, Kamala Harris, Demis, Matt Clifford, Clifford, we're, Stephanie Hare, Elon Musk, Geoffrey Hinton, Britain, OpenAI, Marc Warner, it's, Vera Jourova, Brando Benifei, Dragos Tudorache, Benifei, Jeremy Hunt, Martin Coulter, Matt Scuffham, Mark Potter Organizations: REUTERS, European Union, Britain's, EU, Bletchley, Google, San, Reuters, China . Finance, Politico, Thomson Locations: Britain, United States, China, England, British, France, Germany, London, U.S, San Francisco, Beijing, Europe

☆ Canada targets Airbnb, others to ease rental shortage
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Susana Vera/File photo Acquire Licensing RightsOTTAWA, Oct 17 (Reuters) - Canada will take steps in the coming weeks to ease a rental-unit shortage exacerbated by Airbnb (ABNB.O) and other short-term rental platforms, Finance Minister Chrystia Freeland said on Tuesday. Freeland said the government is examining options to ensure more short-term rentals become available as long-term rentals. Cities around the United States are more closely regulating short-term rentals, including by requiring hosts to obtain licenses and pay registration fees. In that province, there are 28,000 daily active short-term rental listings, up 20% from a year ago. Freeland's comments come a day after the banking regulator Office of the Superintendent of Financial Institutions shelved some planned mortgage rules related to tighter regulatory limits on debt-service coverage.

Persons: Finance Chrystia Freeland, Susana Vera, Chrystia Freeland, Freeland, Airbnb, David Ljunggren, Nivedita Balu, Alistair Bell, Rod Nickel Organizations: Finance, IMF, World Bank, REUTERS, Rights OTTAWA, British Columbia, Thomson Locations: Marrakech, Morocco, Canada, United States, Florence, Italy, Byron, British, Freeland, Toronto, Vancouver, Montreal, Ottawa

☆ IMF steering committee calls for new funds, share plan by June 2025
▼ + stars: | 2023-10-14 | by ( ) www.reuters.com time to read: +1 min

International Monetary and Financial Committee (IMFC) chair Nadia Calvino leaves after a press conference during the annual meeting of the International Monetary Fund and the World Bank, following last month's deadly earthquake, in Marrakech, Morocco, October 14, 2023. A statement issued by the Fund's steering committee chair, Spanish economy minister Nadia Calvino, also called for proposals to change the Fund's shareholding formula by June 2025. The statement did not specify any funding amounts but left the door open to a potential near-term funding increase without changes in near-term shareholding. "In order to maintain the Fund’s current resource envelope until a quota increase becomes effective, we call on the Executive Board to propose transitional arrangements," the statement said. Reporting by David Lawder; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Persons: Nadia Calvino, Susana Vera, David Lawder, Diane Craft Organizations: Monetary, Financial, International Monetary Fund, World Bank, REUTERS, Rights, Monetary Fund, Thomson Locations: Marrakech, Morocco, Rights MARRAKECH

REUTERS/Susana Vera Acquire Licensing RightsMARRAKECH, Oct 14 (Reuters) - Ukraine is finding it harder to secure financial support as the attention of officials in key donor countries shifts to upcoming elections and geopolitical tensions heighten, Finance Minister Serhiy Marchenko told Reuters on Saturday. As the war with Russia rages on, Ukraine needs to secure Western financial support to cover a $43 billion budget gap in 2024. Marchenko said "a geopolitical shift and internal political context in different countries" was dampening governments' appetite to support Ukraine, mentioning elections scheduled in the U.S. and the European Union next year. Marchenko said Ukraine is seeking 18 billion euros of that in 2024, matching the package received for this year. Ukraine's economy is set to grow 5% in 2024, Marchenko told the meetings earlier this week, and sufficient gas storage for the winter should buttress the economy from a potential rise in prices, he told Reuters.

Persons: Finance Serhiy Marchenko, Susana Vera, Serhiy Marchenko, Marchenko, Jorgelina, Rosario, Elisa Martinuzzi, Helen Popper Our Organizations: Finance, Reuters, International Monetary Fund, World Bank, REUTERS, Rights, Bank, European Union, IMF, EU, Thomson Locations: Marrakech, Morocco, Rights MARRAKECH, Ukraine, Russia, Israel, U.S, Japan, United Kingdom, United States

☆ Colombia eyes two rate cuts before year-end, finance minister says
▼ + stars: | 2023-10-14 | by ( Jorgelina Do Rosario | Thomson Reuters | Jorgelina Do Rosario Is Emerging Markets Correspondent At Reuters Based In London | ) www.reuters.com time to read: +2 min

"The expectation is for another cut in December," Bonilla told Reuters on the sidelines of the World Bank and International Monetary Fund meetings in Marrakech. "The message of reducing the key rate is for all the banks, because today the rate is an obstacle for economic recovery," he added. The central bank held the key rate steady at 13.25% in September for the third time in a row, citing stubborn inflation. That was down from highs in 2022, but still more than double the central bank's long-term target of 3%. The central bank's technical team expects Colombia's economy to grow 0.9% this year, compared with an expansion of 7.3% in 2022.

Persons: Ricardo Bonilla, Susana Vera, Bonilla, Gustavo Petro, Jorgelina, Julia Symmes Cobb, Mark Potter, Helen Popper Our Organizations: Colombia's, Reuters, International Monetary Fund, World Bank, REUTERS, Rights, Colombian Finance, Thomson Locations: Marrakech, Morocco, Rights MARRAKECH, Israel, Hamas, Rosario

☆ Yellen, UK's Hunt discussed 'joint actions to deny Russia revenue' -US State Dept
▼ + stars: | 2023-10-14 | by ( ) www.reuters.com time to read: +1 min

U.S. Secretary of Treasury Janet Yellen visits a school that has housed students from the last month's deadly earthquake stricken area to continue their education, on the second day of the International Monetary Fund and World Bank annual meeting, in Marrakech, Morocco, October 10, 2023. REUTERS/Susana Vera/File Photo Acquire Licensing RightsOct 13 (Reuters) - U.S. Treasury Secretary Janet Yellen met with U.K Chancellor of the Exchequer Jeremy Hunt on the sidelines of the annual meetings of the International Monetary Fund and World Bank in Marrakech, Morocco on Friday, the U.S. State Department said. Yellen and Hunt discussed "joint actions to deny Russia revenue to fund its brutal war and highlighted the importance of collectively supporting Ukraine’s economic assistance needs," the State Department said. Reporting by Dan Whitcomb Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

Persons: Janet Yellen, Susana Vera, Jeremy Hunt, Yellen, Hunt, Dan Whitcomb, Chris Reese Organizations: International Monetary Fund, Bank, REUTERS, . Treasury, World Bank, U.S . State Department, State Department, Thomson Locations: Marrakech, Morocco, Russia

☆ Key takeaways from the IMF-World Bank meetings
▼ + stars: | 2023-10-14 | by ( ) www.cnbc.com time to read: +4 min

U.S. Secretary of Treasury Janet Yellen arrives for a bilateral meeting on the third day of the International Monetary Fund and World Bank annual meeting, in Marrakech, Morocco, October 11, 2023. Susana Vera | ReutersOvershadowed by fresh Middle East violence and hosted by a country still recovering from an earthquake, the week-long annual meetings of the International Monetary Fund and World Bank wrapped up on Saturday. Global inflation is seen dropping from 6.9% this year to a still-high 5.8% next. Italian central bank governor Ignazio Visco said there was an impression markets were "reevaluating the term premium" as investors become more nervous about holding longer-term debt. One debt restructuring deal emerged: Zambia finally agreed a debt rework memorandum of understanding with creditors including China and France.

Persons: Janet Yellen, Susana Vera, Pierre, Olivier Gourinchas, Italy —, Ignazio Visco, Joyce Chang, Vitor Gaspar, Mehmet Simsek, Murat Ulgen Organizations: International Monetary Fund, Bank, Reuters, Emerging, Research, HSBC, Export, Import Bank of Locations: Marrakech, Morocco, Moroccan, Israel, Central, United States, China, Italy, Italian, Turkey, Kenya, Zambia, France, Sri Lanka, Import Bank of China

Zambia will pay about $750 million in the next decade compared to almost $6 billion that was due to official creditors before the debt restructuring. "The next step is to secure a comparable agreement with our private creditors," Zambia's finance minister, Situmbeko Musokotwane, said. Zambia is committed to remaining in arrears to its commercial external creditors, the ministry said, until it secures a debt deal with comparable terms to the official creditor agreement. It is unclear how long the signing of the agreements between Zambia and each bilateral creditor is going to take. On Thursday, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said Zambia had signed the MoU with official creditors, which was later walked back by Zambia's finance minister and the IMF.

Persons: Situmbeko Musokotwane, Susana Vera, Musokotwane, Kristalina Georgieva, Rachel Savage, Jorgelina, Giles Elgood Organizations: Zambia's, IMF, World Bank, REUTERS, Rights, Paris Club, OCC, Monetary Fund, Thomson Locations: Marrakech, Morocco, Rights MARRAKECH, Zambia, China, France, Africa, Rosario

☆ Yellen: met with S.Korean finance minister, looking forward to trilateral with Japan
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +1 min

U.S. Secretary of Treasury Janet Yellen attends a Multilateral Development Bank (MDB) roundtable at the annual meeting of the International Monetary Fund and the World Bank, following last month's deadly earthquake, in Marrakech, Morocco, October 13, 2023. REUTERS/Susana Vera Acquire Licensing RightsMARRAKECH, Morocco, Oct 13 (Reuters) - U.S. Treasury Secretary Janet Yellen on Friday said she met with South Korean Finance Minister Choo Kyung-ho, and looked forward to a trilateral meeting with Japan's finance minister. Yellen, in a posting on X, formerly known as Twitter, said she met with Choo on the sidelines of the annual meetings of the International Monetary Fund and World Bank in Marrakech, Morocco and they discussed recent macroeconomic developments and security issues. It was not immediately clear when the U.S., Japanese and South Korean finance ministers would meet for a trilateral engagement. Reporting by Andrea Shalal, Editing by Franklin PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Janet Yellen, Susana Vera, South Korean Finance Minister Choo Kyung, Yellen, Choo, Andrea Shalal, Franklin Paul Organizations: Development Bank, International Monetary Fund, World Bank, REUTERS, Rights, . Treasury, South Korean Finance Minister, Twitter, Franklin Paul Our, Thomson Locations: Marrakech, Morocco, Rights MARRAKECH, U.S, Korean

☆ Yellen: met with South Korean finance minister, looking forward to trilateral with Japan
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +1 min

☆ Japan tells G20 it may need to act in FX market
▼ + stars: | 2023-10-13 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

The remarks came as the yen renewed its declines against the dollar, and underscored Tokyo's resolve to keep markets on edge over the chance of exchange-rate intervention to prop up the Japanese currency. "I told the G20 meeting we need to be mindful of the risk that market volatility could heighten, including in the currency market, as monetary tightening continues globally," Suzuki told a news conference after attending a meeting of Group of 20 (G20) finance ministers and central bank governors. "I also said excess volatility in the currency market was undesirable, and that we may need to take appropriate action depending on developments," Suzuki said. The official said Tokyo stood ready to act in the currency market if market moves become too volatile. Japan last intervened in the currency market to prop up the yen in September and October last year.

Persons: Shunichi Suzuki, Susana Vera, Suzuki, Kazuo Ueda, Leika Kihara, Cynthia Osterman, David Gregorio, Marguerita Choy Organizations: International Monetary Fund, World Bank, REUTERS, Japanese Finance, . Federal Reserve, Bank of Japan, Group, Thomson Locations: Marrakech, Morocco, Tokyo, MARRAKECH, Japan

REUTERS/Susana Vera Acquire Licensing RightsMARRAKECH, Morocco, Oct 13 (Reuters) - The International Monetary Fund's engagement with El Salvador has been "very productive" following a recent visit from a negotiating team, but an agreement is "not there yet" for a new financing program, an IMF official said on Friday. "The engagement with El Salvador has been very productive," Rodrigo Valdes, director of the IMF's Western Hemisphere Department, told Reuters. "We just had a mission there, a negotiating mission, but we knew that it would be a first step," he said. The IMF said in late September that it was working with El Salvador on "technical issues" and on minimizing the risks from the country's adoption of bitcoin as legal tender. "In other countries fragmentation, low popularity, are constraints for policy actions and here they have a very valuable opportunity," the IMF official said.

Persons: Western Hemisphere Department Rodrigo Valdes, Susana Vera, El Salvador, Rodrigo Valdes, Valdes, we're, Nayib Bukele, El, Bukele, Jorgelina, Rodrigo Campos, Nelson Renteria, Paul Simao Organizations: International Monetary Fund, Western Hemisphere Department, Reuters, IMF, World Bank, REUTERS, Rights, Monetary, El, Salvadoran, Thomson Locations: Marrakech, Morocco, Rights MARRAKECH, El Salvador, Salvadoran, Rosario, New York, San Salvador

☆ Yellen, China's top central banker talk about debt, economic developments -US Treasury
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +1 min

U.S. Secretary of Treasury Janet Yellen and People’s Bank of China Governor Pan Gongsheng pose before holding a bilateral meeting on the fifth day of the annual meeting of the International Monetary Fund and the World Bank, following last month's deadly earthquake, in Marrakech, Morocco, October 13, 2023. REUTERS/Susana Vera Acquire Licensing RightsMARRAKECH, Morocco, Oct 13 (Reuters) - U.S. Treasury Secretary Janet Yellen and People's Bank of China Governor Pan Gongsheng on Friday held a "substantive and productive" meeting that covered debt, financial architecture and future economic communications, a Treasury spokesperson said. "During the substantive and productive meeting, Secretary Yellen and Governor Pan exchanged views on macroeconomic and financial developments," the spokesperson said in an emailed statement after the meeting on the sidelines of International Monetary Fund and World Bank meetings in Morocco. "They also discussed the international financial architecture and debt issues, as well as how to make the Financial Working Group co-chaired by Treasury and the PBOC substantive and productive," the spokesperson said, referring to one of two new U.S.-China economic communications groups launched in September. Reporting by David Lawder; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Janet Yellen, Pan Gongsheng, Susana Vera, Yellen, Pan, David Lawder, Alex Richardson Organizations: People’s Bank of China, International Monetary Fund, World Bank, REUTERS, Rights, . Treasury, People's Bank of China, Treasury, Thomson Locations: Marrakech, Morocco, Rights MARRAKECH, China

☆ I'm more optimistic on fixed income than equities at this juncture, says StoneX's Kathryn Rooney Vera
▼ + stars: | 2023-10-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI'm more optimistic on fixed income than equities at this juncture, says StoneX's Kathryn Rooney VeraKathryn Rooney Vera, StoneX chief market strategist, joins 'Squawk Box' to discuss latest market trends, earnings expectations outlook, Treasury yields, and more.

Persons: StoneX's Kathryn Rooney Vera Kathryn Rooney Vera

☆ Israel-Hamas conflict is 'new cloud' darkening economic outlook - IMF chief
▼ + stars: | 2023-10-12 | by ( Andrea Shalal | ) www.reuters.com time to read: +2 min

REUTERS/Susana Vera Acquire Licensing RightsMARRAKECH, Morocco, Oct 12 (Reuters) - International Monetary Fund managing director Kristalina Georgieva said on Thursday the "heartbreaking" Israel-Hamas conflict threatened to darken an already murky global economic outlook. "We are closely monitoring how the situation evolves, how it is affecting, especially oil markets," Georgieva said. There had been some fluctuations in oil prices and reactions in markets but it was too early to predict the economic impact, she added. "It's heartbreaking to see innocent civilians dying," an emotional Georgieva told reporters. French Finance Minister Bruno Le Maire told reporters any regional expansion of the conflict would lead to "problematic economic consequences" for energy prices and global growth.

Persons: Kristalina, Susana Vera, Kristalina Georgieva, Georgieva, Israel, Bruno Le Maire, Andrea Shalal, David Lawder, Andrew Cawthorne, Andrew Heavens Organizations: International Monetary Fund, IMF, World Bank, REUTERS, Rights, Monetary Fund, Red, French Finance, Thomson Locations: Marrakech, Morocco, Rights MARRAKECH, Israel, Gaza

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