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Oct 18 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Wall Street closed flat to slightly lower on Tuesday, after forecast-busting U.S. retail sales data stoked expectations for another Fed rate hike by year-end and pushed Treasury bond yields sharply higher. Blame bumper U.S. retail sales, which also sparked a spree of upward revisions to U.S. growth forecasts. With nearly $11 billion of offshore bonds and $6 billion of offshore loans, a Country Garden default would tee up one of China's biggest corporate debt restructurings. Here are key developments that could provide more direction to markets on Wednesday:- China GDP (Q3)- China retail sales, investment, unemployment, industrial production (September)- U.S. President Biden visit to IsraelBy Jamie McGeever; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.
Persons: Jamie McGeever, chipmakers, Joe Biden's, Biden, Josie Kao Organizations: Wall Street, Bank of America, U.S, Wednesday, Atlanta, U.S ., Asia's, Thomson, Reuters Locations: China, Israeli, Gaza, Israel, U.S
[1/2] Venezuela's President Nicolas Maduro speaks during a meeting with Iranian President Ebrahim Raisi at the Miraflores Palace, in Caracas, Venezuela June 12, 2023. It was not immediately known how soon the U.S. might act or how far it could go with sanctions relief. U.S. sources have also said any relaxation of sanctions would be reversible if Maduro fails to meet his election commitments. Maduro, president since 2013, is expected to run for re-election but has not yet formalized his candidacy. The U.S. imposed sanctions on Venezuela to punish Maduro's government following a 2018 election that Washington considered a sham.
Persons: Nicolas Maduro, Ebrahim Raisi, Leonardo Fernandez Viloria, Joe Biden's, Maduro, Maria Corina Machado, Jorge Rodriguez, Rodriguez, Gerardo Blyde, Machado, Maduro's, Washington, Deisy Buitrago, Vivian Sequera, Matt Spetalnick, Julia Symmes Cobb, Will Dunham, Josie Kao Organizations: REUTERS, Rights, European Union and United Nations, Reuters, U.S, Petroleum, Thomson Locations: Miraflores, Caracas, Venezuela, Rights CARACAS, WASHINGTON, U.S, Washington, Maduro, Barbados, Qatar, Houston
REUTERS/Issei Kato/File photo Acquire Licensing RightsOct 17 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Could stocks - and global risk appetite, by extension - be gaining a momentum of their own regardless of what the bond market does? Wall Street's main indexes and the benchmark MSCI indexes for world, Asian and emerging stocks are all higher since the Oct. 7 Hamas attack on Israel. That said, investors in Asia should keep a close eye on the dollar, which is still trading up near 150.00 yen and over 7.30 yuan. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Issei Kato, Jamie McGeever, Wall, Fed's Williams, Bowman, Putin, Xi, Josie Kao Organizations: REUTERS, Reserve Bank of, U.S ., ICE, U.S, Treasury, Thomson, Reuters Locations: Tokyo, Japan, Asia, Israel, Australia, Beijing
But bitcoin fell sharply after a Fox Business reporter said on the social media platform X that BlackRock denied the report. loadingBlackRock later confirmed to Reuters that "the iShares Bitcoin ETP application is still under review by the SEC." "Crypto markets have just shown how sensitive they are to any potential good news, with their premature rally today on rumors of the approval of a spot bitcoin ETF," said Ben Laidler, global markets strategist at eToro. Crypto markets have been awaiting news on several pending spot bitcoin ETF applications, which, if approved, are widely expected to drive investment in the sector. The SEC has denied all spot bitcoin ETF applications on the grounds applicants have not shown they can protect investors from market manipulation.
Persons: Dado Ruvic, bitcoin, Ben Laidler, Joseph Edwards, Lucas Kiely, Tom Wilson, Elizabeth Howcroft, Hannah Lang, Suzanne McGee, Tommy Reggiori Wilkes, Sharon Singleton, Josie Kao Organizations: REUTERS, BlackRock, U.S . Securities, Exchange Commission, Fox Business, Reuters, SEC, Securities, Columbia, Thomson Locations: WASHINGTON, London, Washington
Donald Tusk, leader of the largest opposition grouping Civic Coalition (KO), delivers a speech after the exit poll results are announced in Warsaw, Poland, October 15, 2023. As Europe’s sixth-largest economy, a revitalised pro-EU attitude in Poland would be particularly welcome. The 66-year old Tusk and his pro-EU coalition allies may still have to wait weeks or even months though before getting a turn at forming a government. Duda has referred the issue at the heart of that row to a constitutional tribunal in Poland. The central bank though has slashed interest rates at its last two meetings as the election campaign burst into life.
Persons: Donald Tusk, Kacper, Poland's, Daniel Moreno, Mirabaud, PiS, Moreno, Hungary's Viktor Orban, Robert Fico, Tusk, Andrzej Duda, Duda, Viktor Szabo, Fitch, Szabo, Adam Glapinski, PiS ., Simon Quijano, Evans, Libby George, Karin Strohecker, Josie Kao Organizations: Civic Coalition, REUTERS, European Union, Law and Justice, European, EU, Brussels, PiS, Gemcorp, Ukraine, Reuters, Thomson Locations: Warsaw, Poland, Brussels, Europe, EU, Slovakia, Britain, London
'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsOct 13 (Reuters) - Elon Musk's X illegally fired an employee in retaliation for her internet posts challenging its return-to-office policy, the U.S. labor board alleged on Friday. In the complaint, a regional director of the U.S. National Labor Relations Board (NLRB) accused X — formerly known as Twitter — of violating the federal law that prohibits punishing employees for communicating and organizing with others about their working conditions. Employee Yao Yue responded with a post on Twitter telling fellow workers, "Don't resign, let him fire you." A few days later, she was terminated in violation of the National Labor Relations Act, according to the complaint.
Persons: Carlos Barria, Elon Musk's, X, Musk, Yao Yue, Samrhitha, Brendan Pierson, Maju Samuel, Alexia Garamfalvi, Josie Kao Organizations: REUTERS, U.S . National Labor Relations Board, Twitter, NLRB, National Labor Relations, Thomson Locations: San Francisco , California, U.S, Bengaluru, New York
REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCOPENHAGEN, Oct 13 (Reuters) - U.S. private equity firm Apollo Global Management (APO.N) is seeking to join the consortium that Scandinavian airline SAS (SAS.ST) last week picked to take it through bankruptcy proceedings, according to a source familiar with the matter. Long-struggling SAS, ravaged by the pandemic and pressured by low-cost rivals, sought bankruptcy protection last year. SAS announced last week that Air France-KLM (AIRF.PA) and U.S. investment firm Castlelake would become new major shareholders alongside the Danish state. Total investments by new shareholders, which also include Danish investment firm Lind Invest, in the reorganized SAS would amount to 12.9 billion Swedish crowns ($1.18 billion). SAS, Castlelake, Air France-KLM and Apollo all declined to comment.
Persons: Andrew Kelly, Lind, Tim Hepher, Greg Roumeliotis, Josie Kao Organizations: Airlines, SAS, Copenhagen, REUTERS, Rights, Apollo Global Management, Scandinavian, Air France, KLM, U.S ., Lind Invest, Castlelake, Apollo, Thomson Locations: Copenhagen, Denmark, Rights COPENHAGEN, Danish, U.S, Air
People walk past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Going by Wall Street's decline on Thursday, sparked by a spike in long-dated U.S. bond yields following a weak 30-year auction, the mood will be one of caution, at best. Annual producer price inflation has been negative for a year, although consumer inflation only briefly dipped below zero in July. On Thursday the yield curve flattened the most in a single day since March, a 'bull' flattening led by heavy buying of long-dated bonds. Here are key developments that could provide more direction to markets on Friday:- China PPI and CPI inflation (September)- China trade (September)- Singapore policy decision and GDP (Q3)By Jamie McGeever; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.
Persons: Jason Lee, Jamie McGeever, Stocks, Josie Kao Organizations: People's Bank of China, REUTERS, PPI, CPI, September's PPI, Reuters, Treasury, China PPI, Thomson Locations: Beijing, China, U.S, Singapore, South Korea, India
That gave the PIPE investors the right to cancel their commitments. An Aug. 9 amendment of TMTG's deal with Digital World called for the unwinding of the PIPE. This amendment gives Trump new shares in Digital World with more voting power. It remains unclear when and if Digital World will ask its shareholders to vote on the deal with TMTG, a necessary step for its completion. Shares of Digital World dropped 2% on Thursday to $15.54, far below their peak of around $97 a share in March 2022.
Persons: Donald Trump, Dado Ruvic, Donald Trump's, Devin Nunes, TMTG, Helen Coster, Josie Kao, Rod Nickel Organizations: REUTERS, U.S, Trump Media & Technology, Digital, TMTG, DWAC, Trump, Reuters, U.S . Department of Justice, Securities and Exchange Commission, Thomson
[1/4] Ecuadorean presidential candidate Luisa Gonzalez waves Ecuador's flag as vice presidential candidate Andres Arauz looks on during a campaign rally, in Quito, Ecuador October 11, 2023. The campaign ahead of Sunday's election has been marked by violence and threats against candidates, including anti-corruption candidate Fernando Villavicencio's murder before the August first round. Noboa closed campaigning in Quito on Wednesday with a caravan around the city, though a technical issue with his flight from Guayaquil significantly delayed his agenda. More than 13 million people are obliged to vote in the contest, whose winner will govern during a shortened term until May 2025. Reporting by Alexandra Valencia Writing by Julia Symmes Cobb Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.
Persons: Luisa Gonzalez, Andres Arauz, Karen Toro, Daniel Noboa, Fernando Villavicencio's, Noboa, Gonzalez, Rafael Correa, hasn't, doesn't, Alexandra Valencia, Julia Symmes Cobb, Josie Kao Organizations: REUTERS, Rights, Manta, Thomson Locations: Quito, Ecuador, Rights QUITO, Guayaquil, Santa Elena
[1/2] A man check his phone near an Apple logo outside its store in Shanghai, China September 13, 2023. Pasadena, California-based Caltech sued Apple and Broadcom in 2016, alleging that millions of iPhones, iPads, Apple Watches and other Apple devices using Broadcom chips infringed its wireless-communication patents. Caltech said in the Wednesday filing that it would dismiss the billion-dollar case with prejudice, which means that it cannot be refiled. Representatives for Caltech, Apple and Broadcom did not immediately respond to requests for comment on Thursday. A jury ordered Apple to pay $837.8 million and Broadcom to pay $270.2 million in patent-infringement damages in 2020.
Persons: Aly, Apple, Blake Brittain, David Bario, Josie Kao Organizations: Apple, REUTERS, California Institute of Technology, Broadcom, Caltech, Samsung, Microsoft, Dell, HP, Thomson Locations: Shanghai, China, California, Pasadena , California, U.S, Washington
The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald Trump in this picture illustration taken February 21, 2022. The development is the nail in the coffin of the $1 billion investment that DWAC (DWAC.O) had raised for the merger with Trump Media & Technology Group (TMTG), which runs the Truth Social platform. It was unclear how TMTG will fund itself if the deal does not go through. TMTG previously raised $22.8 million in financing from private investors, Reuters reported last October. In September DWAC Investors voted to give up to a one-year extension to complete the TMTG deal, the deadline for which had been delayed several times.
Persons: Donald Trump, Dado Ruvic, Donald Trump's, TMTG, DWAC, Helen Coster, Josie Kao Organizations: REUTERS, U.S, Trump Media & Technology, Reuters, Trump, U.S . Department of Justice, Securities and Exchange Commission, SEC, DWAC, Thomson Locations: TMTG ., DWAC
REUTERS/Yves Herman Acquire Licensing RightsMALMÖ, Sweden, Oct 12 (Reuters) - China is still a key growth market for budget furniture retailer IKEA despite the world's second-largest economy showing signs of strain, executives at the biggest IKEA store owner said on Thursday. The company has 37 IKEA stores in China, out of a total of 537 locations worldwide. Ingka Group overall saw 697 million visits to its IKEA stores in the 2023 financial year, up 7.4% from the previous year. The rate of increase was much higher in China, Brodin said, as stores reopened and shoppers returned. China's sheer size makes it a key opportunity, said Tolga Oncu, head of IKEA Retail at Ingka Group.
Persons: Yves Herman Acquire, Jesper Brodin, Brodin, Ingka, Tolga Oncu, Oncu, Helen Reid, Josie Kao Organizations: REUTERS, IKEA, Ingka Group, Ingka, Reuters, IKEA Retail, Thomson Locations: Brussels, Belgium, Sweden, China
That gave the PIPE investors the right to cancel their commitments. An Aug. 9 amendment of TMTG's deal with Digital World called for the unwinding of the PIPE. This amendment gives Trump new shares in Digital World with more voting power. It remains unclear when and if Digital World will ask its shareholders to vote on the deal with TMTG, a necessary step for its completion. Shares of Digital World dropped 2% on Thursday to $15.54, far below their peak of around $97 a share in March 2022.
Persons: Helen Coster, Donald Trump's, Devin Nunes, TMTG, Josie Kao, Rod Nickel Organizations: Corp, U.S, Trump Media & Technology, Digital, TMTG, DWAC, Trump, Reuters, U.S . Department of Justice, Securities and Exchange Commission
People walk past the Louis Vuitton store at Miami Design District, in Miami, Florida, U.S. November 30, 2021. REUTERS/Marco Bello Acquire Licensing RightsPARIS, Oct 10 (Reuters) - Luxury goods bellwether LVMH (LVMH.PA) reported a 9% rise in third quarter revenue on Tuesday, marking slower growth as a strong wave of post-pandemic spending eases due to rising inflation and economic turbulence. “After three roaring years, and outstanding years, growth is converging toward numbers that are more in line with historical average", LVMH chief financial officer Jean-Jacques Guiony told analysts. The fashion and leather goods division, home to Louis Vuitton and Dior, recorded sales growth of 9%, compared to analysts' expectations for 10% growth. LVMH is the first major global luxury firm to report earnings this quarter and gives investors an insight into what to expect from rivals.
Persons: Louis Vuitton, Marco Bello, Jean, Jacques Guiony, Tiffany, Bulgari, Hennessy, Luca Solca, Bernstein, Guiony, Mimosa Spencer, Ingrid Melander, Josie Kao Organizations: Miami Design District, REUTERS, Rights, Dior, Champagne, drugmaker Novo Nordisk, U.S ., Thomson Locations: Miami , Florida, U.S, United States, Europe, China
REUTERS/Jason Reed/File Photo Acquire Licensing RightsOct 12 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. But the tone of trading across Asian markets on Thursday may be a little more cautious than some of the headline moves on Wednesday indicate, and may also hinge on the U.S. yield curve. But ugly U.S. producer inflation data at the U.S. open on Wednesday - monthly, annual, headline and core readings were all higher than expected - was a reality check for those betting the Fed is all but done raising rates. But this flipped back again after the latest Fed minutes were released, paving the way for a late flourish on Wall Street and positive close for the three main indexes. The 'pivot' message from Fed officials this week has been pretty strong and consistent, and Governor Christopher Waller on Wednesday was the latest to beat that drum.
Persons: Jason Reed, Jamie McGeever, Christopher Waller, India's, Josie Kao Organizations: U.S . Federal, REUTERS, CPI, U.S, PPI, India's CPI, Bank, Thomson, Reuters Locations: Washington, Malaysia, Asia, Japan, U.S, Europe, India, Marrakech, Morocco
Israeli assets and the shekel remain under pressure and oil and gold prices are marginally higher than last week. World Markets Impact From MidEast Attacks WanesBlackRock chart on its Geopolitical Risk IndicatorNOWHERE TO RUN TO... Last updated shortly before the weekend events in Israel, BlackRock's Geopolitical Risk Indicator - which attempts to capture market attention to political risks - had indeed crept up to six month highs. Releasing its World Economic Outlook on Tuesday, the International Monetary Fund warned that more volatile commodity prices were a possible reflection of both greater climate and geopolitical risk. And yet hand wringing about geopolitical risk in different corners of the globe can also deflect from rising political risks in core economies - not the least in the United States.
Persons: Brendan McDermid, Vincent Mortier, Anna Rosenberg, Kristina Hooper reckons, Hooper, that's, It's, Amundi's Rosenberg, Pierre, Olivier Gourinchas, Gourinchas, Josie Kao Organizations: New York Stock Exchange, REUTERS, West Bank, International Monetary Fund, IMF, Treasury, Reuters, Thomson Locations: New York City, U.S, Israel, Gaza, Iran, United States, Saudi Arabia, Russia, China, Taiwan, Ukraine
Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsOct 11 (Reuters) - A U.S. rule that restricts shipments of certain advanced chips to China has been revised and is under final review, according to a government posting, suggesting that further curbs on chips that can be used for artificial intelligence are coming soon. Reuters exclusively reported last week that U.S. officials had warned China to expect rules restricting shipments of semiconductor equipment and advanced AI chips to China to be updated this month. The rule restricting exports of chipmaking equipment was posted for review last week, Reuters reported on Oct. 5. The regulation on controls on high-end chips, advanced computing integrated circuits (ICs), and supercomputing was received for review on Oct. 10, according to the Office of Management and Budget website.
Persons: Florence Lo, Karen Freifeld, Alexandra Alper, Josie Kao Organizations: REUTERS, Reuters, U.S . Department of Commerce, supercomputing, Management, Export, OMB, of State , Defense, Commerce, Energy, Thomson Locations: China, U.S
In his letters to Musk and Zuckerberg, Breton said their companies had 24 hours to inform the EU how they were stopping harmful content on their platforms. Now, the European Commission, the EU’s executive branch, has sought to remind all social media companies they are legally required to prevent the spread of harmful content related to Hamas. “Content circulating online that can be associated to Hamas qualifies as terrorist content, is illegal, and needs to be removed under both the DSA (Digital Services Act) and TCO (Terrorist Content Online) Regulation,” a Commission spokesperson told Reuters. The Commission urges online platforms to fully comply with EU rules.”The recently implemented DSA requires large online platforms, including X and Meta’s Facebook, to remove illegal content and to take measures to tackle the risks to public security and civic discourse. It is unclear if Breton has sent similar messages to other social media companies designated under the DSA.
Persons: Carlos Barria, Thierry Breton, Elon, Mark Zuckerberg, Zuckerberg, Breton, Martin Coulter, Bernadette Baum, Josie Kao Organizations: REUTERS, EU, LONDON, European, Hamas, European Commission, DSA, Services, Reuters, Facebook, Thomson Locations: San Francisco , California, U.S, Israel, Palestinian, Gaza, Breton, Europe
People walk past the Louis Vuitton store at Miami Design District, in Miami, Florida, U.S. November 30, 2021. REUTERS/Marco Bello Acquire Licensing RightsPARIS, Oct 10 (Reuters) - Luxury goods bellwether LVMH (LVMH.PA) reported a 9% rise in third quarter revenue on Tuesday, marking slower growth as strong wave of post-pandemic spending eases up amid a backdrop of rising inflation and economic turbulence. LVMH, which owns labels including Louis Vuitton, Dior, Tiffany and Bulgari, said that revenue came to 19.96 billion euros ($21.16 billion), up 9% year-on-year, stripping out the effect of currency fluctuations and acquisitions. The fashion and leather goods division, home to Louis Vuitton and Dior, recorded sales growth of 9%, compared to analysts' expectations for 10% growth. LVMH is facing slowing demand for high end goods in the United States and Europe, where rising prices have prompted shoppers — especially younger generations — to pull back from a post-pandemic spending euphoria, while the recovery in China has been uneven.
Persons: Louis Vuitton, Marco Bello, Tiffany, Bulgari, Hennessy, LVMH, Luca Solca, Bernstein, Mimosa Spencer, Ingrid Melander, Josie Kao Organizations: Miami Design District, REUTERS, Rights, Dior, Champagne, drugmaker Novo Nordisk, Thomson Locations: Miami , Florida, U.S, United States, Europe, China
Oct 11 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. But Atlanta Fed President Raphael Bostic's remarks, that he believes the Fed has finished raising rates, will help Asian markets pick up on Wednesday from where global markets left off on Tuesday. "I actually don't think we need to increase rates anymore," said Bostic, following the dovish path set by two Fed colleagues on Monday. Minneapolis Fed President Neel Kashkari on Tuesday also struck a similar tone, leading investors to think that the Fed 'pivot' is underway. All else equal this should lower the dollar and U.S. yields, boost risk appetite, and lift Asian and emerging markets.
Persons: Jamie McGeever, Raphael Bostic's, Neel Kashkari, Pierre, Olivier Gourinchas, Fed's Bowman, Waller, Collins, Josie Kao Organizations: Federal Reserve, Investors, IMF, World Bank, Atlanta Fed, Fed, . Minneapolis, Monetary Fund, Hang, Bank, Thomson, Reuters Locations: Morocco, Israel, Gaza, Marrakech, Bostic, Japan
REUTERS/Kevin Lamarque/ Acquire Licensing RightsWASHINGTON, Oct 9 (Reuters) - The U.S. Federal Reserve's top regulatory official defended a sweeping proposal to overhaul bank capital rules before the country's largest bank lobby on Monday, arguing the benefits of a bigger cushion outweigh any additional costs banks might face. The proposal implements international capital standards agreed by the Basel Committee on Banking Supervision in the aftermath of the 2007-2009 financial crisis. Barr's Monday speech, which is his first on bank regulation since the proposal came out, served as a broad-based defense of the effort. "The private costs of capital must be weighed against the social benefits of higher capital in creating a healthier, more resilient financial system," he said, according to prepared remarks. Barr also pushed back against the industry's refrain that higher capital costs for banks will mean curtailed lending and potential economic harm.
Persons: Michael Barr, Kevin Lamarque, Michael Barr's, Barr, Jerome Powell, Powell, Isaac Boltansky, Pete Schroeder, Michelle Price, Josie Kao, Andrea Ricci Organizations: Financial, Valley Bank, Signature Bank, Capitol, REUTERS, Rights, U.S, Federal, Banking, Silicon Valley Bank, Thomson Locations: Washington , U.S, Silicon
In Canada, homeowners can take out five-year mortgages, unlike in the U.S. where customers can snag a 30-year mortgage. In some cases, renewed home loan rates could reach 7%, which would push up the average Canadian mortgage by at least a few hundred dollars per month, mortgage brokers estimate. Canadians are already struggling to repay their debts amid high costs of living and rising interest rates. "This dramatic rise in bond yields means that when the computer chugs along and sets up the rates for next week, they will be using higher rates based on these high bond yields," Toronto-based mortgage broker Ron Butler said. He suggests that the spike in bond yields over the past month could on average add C$600 in monthly payments.
Persons: Lars Hagberg, Daniel Vyner, Wowa, Ron Butler, Justin Trudeau's, Hanif Bayat, Butler, Nivedita Balu, Fergal Smith, Denny Thomas, Josie Kao Organizations: REUTERS, Rights, Capital, Bank of, Canada Mortgage, Housing Corp, Bank of Canada, Mortgage Professionals Canada, Thomson Locations: Ottawa , Ontario, Canada, U.S, Toronto
DUBAI (Reuters) - "I am exceptionally proud of you, and I miss you dearly," said the daughter of imprisoned Iranian women's rights advocate Narges Mohammadi who won the Nobel Peace Prize on Friday. I am very, very proud of you, and I miss you dearly. "This Nobel Prize isn't just for my mother. It is for Iran, especially Iranian women" Rahmani said. "Keep fighting for a better future," she said when asked what was her message to Iranian women.
Persons: Narges Mohammadi, Mohammadi, Rahmani, Ali, Parisa Hafezi, Josie Kao Organizations: Reuters, Norwegian Nobel Committee Locations: DUBAI, Iranian, Tehran, Paris, Iran, Norwegian
Moldova's President Maia Sandu addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 20, 2023. "Russia is going to increase its pressure on Moldova," Sandu told the FT. "They tried energy and they failed. Moldovans, she said, were entering the country with "bank cards that were issued in Dubai...they just distribute thousands of cards ...bank cards to people they wanted to bribe." Moldovan police on Friday said they had seized thousands of bank cards issued in Dubai due to be given to Shor's allies. "This is using bank cards instead of suitcases or black bags full of cash," Veronica Dragalin, head of Moldova's Anti-corruption prosecutors, told reporters.
Persons: Maia Sandu, Eduardo Munoz, Russia's Wagner, Sandu, Yevgeny Prigozhin, Prigozhin, Vladimir Putin, Ilan Shor, Shor, Veronica Dragalin, Ron Popeski, Alexander Tanas, Josie Kao Organizations: General Assembly, REUTERS, Financial Times, EU, Kremlin, Constitutional, PAS, Moldovan, Thomson Locations: New York City, U.S, Spain, Moscow, Ukraine, Romania, Moldova, Russia, Russian, Transdniestria, Moldova's, Dubai ., Dubai, Chisinau
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