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☆ Russia renews missile attacks on Kyiv, pounds Ukraine's east and south
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +1 min

Serhiy Popko, head of the Kyiv city military administration, said a Russian ballistic missile was launched toward the capital at about 08:00 a.m.(0600 GMT). "After a long pause of 52 days, the enemy has resumed missile attacks on Kyiv," Popko said on the Telegram messaging app. "The missile failed to reach Kyiv, air defenders shot it down as it was approaching the capital." Ruslan Kravchenko, regional governor for the central Kyiv region, said five private houses and several commercial buildings in the area were damaged. Oleh Kiper, Odesa's regional governor, said the southern region was attacked with missiles and drones on Friday evening and overnight.

Persons: Serhiy Popko, Popko, Ruslan Kravchenko, Oleh, Olena, Kirsten Donovan Organizations: Initiative, Thomson Locations: Russia, Kyiv, Russian, Moscow

☆ PetroChina to replace Exxon as lead contractor for Iraq's West Qurna 1 oilfield, oil executive says
▼ + stars: | 2023-11-11 | by ( Aref Mohammed | ) www.reuters.com time to read: +2 min

"We studied the settlement agreement and the oil ministry with the Basra Oil Company believe that the best option is for Petrochina to become the lead contractor of West Qurna 1," Hassan Mohammed, deputy Basra Oil Co. manager in charge of oilfields and licensing rounds affairs, told Reuters. Exxon and PetroChina were not immediately available for comment, but two oil managers at the West Qurna 1 field confirmed the details of the settlement and sale agreement signed with Exxon. Basra Oil Company director Khalid Hamza told Reuters in an interview in 2021 that Exxon was seeking to sell the share for $350 million. West Qurna 1, in southern Iraq, is one of the world’s largest oilfields with recoverable reserves estimated at more than 20 billion barrels. Following its exit from West Qurna 1, Exxon will have no presence in Iraq's energy sectory, said BOC officials.

Persons: Hassan Mohammed, PetroChina, Mohammed, Pertamina, Khalid Hamza, Aref Mohammed, Hadeel Al, Ahmed Rasheed, Kirsten Donovan, Giles Elgood Organizations: Exxon Mobil Corp, Basra Oil Company, Basra Oil Co, Reuters, Exxon, Exxon Mobil Corp's, BOC, Exxon Mobil’s, Thomson Locations: BASRA, Iraq, Iraqi, Basra, West, Indonesia’s, Iraq’s, Hadeel Al Sayegh, Dubai

☆ Al Shifa hospital suspends operations, baby dies: Gaza health ministry
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +1 min

GAZA, Nov 11 (Reuters) - The spokesperson for the Gaza health ministry said that operations in Al Shifa hospital complex, the largest in the Palestinian enclave, were suspended on Saturday after it ran out of fuel"As a result, one newborn baby died inside the incubator, where there are 45 babies," Ashraf Al-Qidra, the spokesman for the Health Ministry in Hamas-controlled Gaza told Reuters. We are besieged inside the Al Shifa Medical Complex, and the occupation has targeted most of the buildings inside," Qidra said by telephone. The Israeli military has said that Hamas militants who rampaged through southern Israel last month have placed command centres under Shifa hospital and others in Gaza, making them vulnerable to being considered military targets. "The occupation forces are firing on people moving inside the complex, which is limiting our ability to move from one department to another. Reporting by Nidal Al Mughrabi, writing by Omar Abdel-Razek and Philippa Fletcher, editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

Persons: Ashraf Al, Qidra, Nidal Al Mughrabi, Omar Abdel, Razek, Philippa Fletcher, Kirsten Donovan Organizations: Health Ministry, Hamas, Reuters, Al, Thomson Locations: GAZA, Gaza, Al Shifa, Gaza City, Israel

☆ Germany's Scholz backs Spain's Calvino for EIB presidency
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Susana Vera/ File Photo Acquire Licensing RightsFRANKFURT, Nov 11 (Reuters) - German Chancellor Olaf Scholz on Saturday backed the candidacy of Spanish acting Economy Minister Nadia Calvino for the post of president of the European Investment Bank (EIB). "I think she will be a very good president of the EIB," Scholz said in an address to a weekend congress of the Party of European Socialists (PES) in Malaga, Spain. He added that they had worked well together in the past when they headed their respective countries' finance ministries. The EIB is currently led by German Liberal Democratic Party (FDP) politician Werner Hoyer. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Nadia Calvino, Susana Vera, Olaf Scholz, Scholz, Werner Hoyer, Andreas Rinke, Vera Eckert, Kirsten Donovan Organizations: Monetary, Financial, International Monetary Fund, World Bank, REUTERS, Rights, Saturday, European Investment Bank, Party of European Socialists, European Union, Berlin, German Liberal Democratic Party, Thomson, Reuters Locations: Marrakech, Morocco, Malaga, Spain, Germany, France

☆ Turkey calls for international conference to reach permanent peace in Middle East
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +3 min

Turkey's President Tayyip Erdogan arrives to attend Organisation of Islamic Cooperation (OIC) summit in Riyadh, Saudi Arabia, November, 11, 2023. Saudi Press Agency/Handout via REUTERS Acquire Licensing RightsANKARA, Nov 11 (Reuters) - Turkey's President Tayyip Erdogan said on Saturday that an international peace conference should be convened to find a permanent solution to the conflict between Israel and the Palestinians. Erdogan was addressing a joint Islamic-Arab summit in Saudi Arabia's capital Riyadh, where leaders gathered to urge Israel to end hostilities in Gaza. A permanent solution to the conflict between Israel and Palestinians depends on the formation of a Palestinian state based on 1967 borders, Erdogan said. "We believe that an international peace conference will provide the most suitable basis for this.

Persons: Tayyip Erdogan, Erdogan, Saudi Arabia's Crown Prince Mohammed bin Salman, Abdel Fattah al, Sisi, Israel, Amihay Eliyahu's, Benjamin Netanyahu, Eliyahu, Huseyin Hayatsever, Kirsten Donovan, Christina Fincher Organizations: Islamic Cooperation, Saudi Press Agency, Handout, REUTERS Acquire, Rights, Saudi Arabia's Crown, Israel's, International Atomic Energy Agency, Federation of American, Thomson Locations: Riyadh, Saudi Arabia, Rights ANKARA, Israel, Saudi Arabia's, Gaza, Turkey, United States, Britain, Palestinian

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBRUSSELS, Nov 10 (Reuters) - EU countries and European Parliament lawmakers are set to agree on light touch rules for Airbnb (ABNB.O) next week, three people familiar with the matter said on Friday. The rules for short-term accommodation rental services, proposed by the European Commission last year, aimed to tackle the patchwork of different national laws across the 27-country zone regulating Airbnb and similar companies. Officials from EU countries and EU lawmakers will meet to thrash out the final details of the rules on Nov. 15, according to the Parliament agenda. Airbnb said EU-wide rules would be a watershed moment for short-term rental companies. Paris, Venice, Barcelona and other places popular with tourists blame Airbnb for aggravating housing shortages by pushing out lower-income residents.

Persons: Dado Ruvic, Airbnb, Nathan Blecharczyk, Foo Yun Chee, Kirsten Donovan, David Evans Organizations: REUTERS, Rights, Big Tech, European, Reuters, Thomson Locations: Rights BRUSSELS, Spain, Paris, Venice, Barcelona

A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. REUTERS/Benoit Tessier Acquire Licensing RightsCompanies Boeing Co FollowLONDON, Nov 10 (Reuters) - Internal data from Boeing (BA.N), one of the world's largest defence and space contractors, was published online on Friday by Lockbit, a cybercrime gang which extorts its victims by stealing and releasing data unless a ransom is paid. According to a post on Lockbit's website, the data from Boeing was published in the early hours of Friday morning. “We are aware that, in connection with this incident, a criminal ransomware actor has released information it alleges to have taken from our systems," Boeing said. The company said it "remains confident" the event does not pose a threat to aircraft or flight safety, but declined to comment on whether defense or other sensitive data had been obtained by Lockbit.

Persons: Benoit Tessier, Lockbit, Lockbit ransomware, James Pearson, Tim Hepher, Valerie Insinna, Kirsten Donovan, David Evans, Emelia Organizations: Boeing, Paris, REUTERS, Rights, Reuters, Lockbit, Cybersecurity, Infrastructure Security Agency, Industrial, Commercial Bank of China's, U.S . Treasury, Thomson Locations: Le Bourget, Paris, France, United States, India, Brazil, U.S, Washington

☆ AirFrance-KLM invests in DG Fuels' US sustainable fuel production plant
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +1 min

Nov 10 (Reuters) - French-Dutch airline AirFrance-KLM (AIRF.PA) has made a $4.7 million investment in DG Fuels' Sustainable Aviation Fuel (SAF) production plant in the U.S. state of Louisiana, a step towards its 10% SAF incorportation target for 2030. "Air France-KLM acquired an option to purchase up to 25 million gallons / 75,000 tons of SAF annually over a multi-year period beginning in 2029," the group said in a press release on Friday. Sustainable aviation fuels, which use waste such as cooking oils and have either net-zero CO2 emissions or lower CO2 emissions than kerosene, a fossil fuel, are seen as an option to curb air travel's carbon footprint. The European Union has adopted rules requiring flights departing from EU airports to carry a progressively increasing amount of SAF, starting from 2% of total fuel in 2025. Reporting by Stéphanie Hamel; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

Persons: Stéphanie Hamel, Kirsten Donovan Organizations: AirFrance, KLM, DG Fuels, Aviation Fuel, SAF, France, European, Thomson Locations: U.S ., Louisiana

☆ Top 25 roundup: No. 4 Michigan St. crushes Southern Indiana
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +3 min

[1/3] Nov 6, 2023; East Lansing, Michigan, USA; Michigan State Spartans guard Tyson Walker (2) drives through James Madison Dukes forward T.J. Bickerstaff (3) and guard Bryant Randleman (4) during the second half at Jack Breslin Student Events Center. 4 Michigan State earn a 74-51 home win over Southern Indiana on Thursday in East Lansing. After going 1-of-20 from 3-point range against James Madison, Michigan State wasn't much better against Southern Indiana, going 1-of-11 from 3-point territory. Jordan Tillmon scored 10 points for Southern Indiana, which shot 31.7 percent from the field overall (19 of 60) and committed 15 turnovers. Drew Miller led the Golden Eagles with 19 points, while Malachi Reeves had 17 points on perfect 7-for-7 shooting from the floor.

Persons: Tyson Walker, James Madison, Bryant Randleman, Jack Breslin, Dale Young, Jaden Akins, Jordan Tillmon, Jack Mielke, John Brown, Langston Love, RayJ Dennis, Jayden Nunn, Yves Missi, Drew Miller, Malachi Reeves, Isaiah Collier, Kaleb Higgins, Cameron Wilbon, Ugnius Jarusevicius, Aidan Mahaney, Saint Mary's, Harry Wessels, Donovan Dent, Nelly Junior Joseph, Jamal Mashburn Jr Organizations: Michigan State Spartans, James Madison Dukes, Center, Michigan State, Southern Indiana, James Madison , Michigan State, Southern, Spartans, Baylor, Bears, Golden Eagles, NAIA, USC, Cal State Bakersfield, Trojans, Roadrunners, Mary's, Lobos, Saint, New, Texas Southern, Thomson Locations: East Lansing , Michigan, USA, T.J, East Lansing, James Madison , Michigan, Southern Indiana, Waco , Texas, South Dakota, Los Angeles, New Mexico, Moraga , Calif

☆ Richemont brands 'satisfied' with Farfetch technology
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +2 min

The logo of the luxury goods company Richemont is pictured at its headquarters in Bellevue near Geneva, Switzerland, June 2, 2022. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsPARIS, Nov 10 (Reuters) - Richemont (CFR.S) labels are moving ahead with the transfer of their online businesses to Farfetch (FTCH.N) technology, which they are satisfied with, executives at the Swiss-based group said Friday. The adoption of Farfetch technology to run the online business of Richemont labels is part of a wider agreement for Richemont to sell a 47.5% stake in YNAP in exchange for more than 50 million Farfetch shares, announced in August 2022. "Everything we expected in terms of technology from our Farfetch friends, they've delivered," Richemont chairman Johann Rupert told analysts on an earnings call. Farfetch shares have fallen by more than 60% in the past six months.

Persons: Denis Balibouse, Richemont, they've, Johann Rupert, Bernstein, Mimosa Spencer, Kirsten Donovan Organizations: REUTERS, Rights, Thomson Locations: Bellevue, Geneva, Switzerland, Swiss, Richemont's, U.S, YNAP, Farfetch

☆ Thales Alenia Space to invest over 100 mln euros in Space Smart Factory in Rome
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

Nov 9 (Reuters) - Thales Alenia Space, a French-Italian joint venture between Thales (TCFP.PA) and Leonardo (LDOF.MI), will invest over 100 million euros ($107.15 million) to set up a Space Smart Factory at the Tecnopolo Tiburtino hub in Rome. The project to build an all-digital factory for the production of satellites is co-funded by the Italian Space Agency through Italy's post-pandemic recovery funds, the company said in a statement on Thursday. "The facility will form part of a system of interconnected space factories in Italy, employing advanced technologies to build satellites of different sizes for various fields and applications." the note read, adding Rome's plant will be one of the largest digital and reconfigurable facilities of its kind in Europe. Thales Alenia Space is jointly controlled by Thales, with a 67% stake, and Leonardo, with the remaining 33% stake.

Persons: Leonardo, Alessia, Kirsten Donovan Organizations: Thales Alenia Space, Thales, Smart Factory, Italian Space Agency, Thomson Locations: French, Italian, Rome, Italy's, Italy, Europe

☆ NBA roundup: Nikola Jokic, Nuggets edge Warriors
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +9 min

Michael Porter Jr. added 17 points while Aaron Gordon finished with 14 points and 11 rebounds for Denver, which swept a four-game homestand. 1 draft pick Victor Wembanyama each had 14 points for the Spurs, who have lost three straight. Brandon Ingram scored 24 points on 11-for-25 shooting and rookie Jordan Hawkins added 14 points for the Pelicans, who lost their third straight game. Bobby Portis had 18 points for the Bucks, and Brook Lopez added 14, including a pivotal 3-pointer in the late going. Scottie Barnes contributed 14 points, 14 rebounds, seven assists and four steals.

Persons: Chris Paul, Nikola Jokic, Isaiah J, Downing, Reggie Jackson, Michael Porter Jr, Aaron Gordon, Stephen Curry, Klay Thompson, Draymond, Gary Payton II, Jamal Murray, Joel Embiid, Tyrese Maxey, Tobias Harris, Kelly Oubre Jr, Kristaps Porzingis, Derrick White, Jayson Tatum, Porzingis, Domantas, Malik Monk, Jerami Grant, Monk, Sabonis, Grayson Allen, Kevin Durant, Jusuf Nurkic, Nurkic, Bradley Beal, Bam Adebayo, Adebayo, Miami's Tyler Herro, Jaren Jackson Jr, Herro, Jackson, Kyle Kuzma, Charlotte, Danilo Gallinari, Delon Wright, LaMelo Ball, Gordon Hayward, Green, Alperen Sengun, Sengun, Anthony Davis, Rui Hachimura, Aaron Nesmith, Myles Turner, Bennedict Mathurin, Tyrese Haliburton, Jordan Clarkson, Lauri Markkanen, Julius Randle, Randle, Jalen Brunson, RJ Barrett, Jeremy Sochan, Malaki Branham, Victor Wembanyama, Wembanyama, Lonnie Walker IV, James Harden, Walker, Cam Thomas, Royce O'Neale, Paul George, Harden, Anthony Edwards, Karl, Anthony Towns, Rudy Gobert, Brandon Ingram, Jordan Hawkins, Damian Lillard, Giannis Antetokounmpo's, Bobby Portis, Brook Lopez, Antetokounmpo, Isaiah Stewart, Cade Cunningham, Marcus Sasser, Pascal Siakam, Dennis Schroder, Scottie Barnes, Luka Doncic, Kyrie Irving, Tim Hardaway Jr, Shai Gilgeous, Alexander, Caris LeVert, Evan Mobley, Donovan Mitchell, Mitchell Organizations: Golden State Warriors, Denver Nuggets, Ball, USA, NBA, Denver, Warriors, 76ers, Celtics, Philadelphia, Boston, Sixers, Milwaukee Bucks, Trail Blazers, Sacramento, The, Blazers, Suns, Bulls, Chicago, Phoenix, Grizzlies, Miami, Los Angeles Lakers, Hornets, Washington, Wizards, Rockets, Lakers, Houston, Angeles, Pacers, Jazz, Utah, Knicks, Spurs, New, San, Nets, Clippers, Brooklyn, Timberwolves, Pelicans, Minnesota, Bucks, Pistons, Milwaukee, Detroit, Raptors, Mavericks, Toronto, Dallas, Cavaliers, Oklahoma City, Thomson Locations: Denver , Colorado, USA, Portland, Durant, Memphis, Los Angeles, Indiana, Indianapolis, New York, San Antonio, Philadelphia, New Orleans, Minneapolis, Cleveland

___The generational shift at quarterback in the NFL reached a new milestone last week. This was the first time since Week 6 of the 2002 season that no quarterback born in the 1980s took the field. That raised the total of rookie starting QBs this season to nine, tying the non-replacement record set in 2019. The youth movement at quarterback has played a role in the struggles on offense across the league in the first half of the season, with scoring at its lowest mark through nine weeks since 2007. NEW YUCK, NEW YUCKThe performance so far this season for the New York teams has been rather offensive.

Persons: Tom Brady's, Aaron Rodgers, Matthew Stafford, Kirk Cousins, Ryan Tannehill, Russell Wilson, Arizona's Clayton, Tommy DeVito, Daniel Jones, QBs, C.J ., Jared Goff, Peyton Manning, Donovan McNabb, Ben Roethlisberger, Hill, Hall, Hall of Famer Frank Gifford, Gifford, Hall of Famers Charley Trippi, Red Grange, Jimmy Conzelman, Minnesota's Joshua Dobbs, hadn't, Dobbs, Paul Governali, Dare, Ka’imi Fairbairn, Ogunbowale, Wes Welker, Tony Galbreath, NEW, ___ Organizations: NFL, Jaren, Giants, Houston, Tampa Bay, Hall of Fame, Chicago, Hall of Famer, Hall of Famers, Vikings, Cardinals, Boston Yanks, New York Giants, Stroud's Texans, New, New Orleans, Green, AFC East, Miami, New York Jets, AFC West, NFC, AFC North, Cincinnati, AFC, NFC West, Seattle, Rams, New York, The Jets, Jets, The Giants Locations: C.J . Stroud, Stroud, New Orleans, Hall, Red, Miami, New England, Buffalo, Baltimore, Cleveland, Pittsburgh, Francisco, Baltimore , Arizona, Green Bay

REUTERS/Sarah Silbiger/File Photo Acquire Licensing RightsWASHINGTON, Nov 7 (Reuters) - The U.S. regulator charged with overseeing the Federal Home Loan Banks said in a report on Tuesday the system is overdue for an overhaul in its mission and structure. The Federal Housing Finance Agency emphasized in the report that there needs to be a clearer distinction between the purpose of the FHL banks and the Federal Reserve, which is the primary emergency lender for banks. The agency said FHL banks were created by Congress in 1932 to provide liquidity to banks for affordable housing and other economic development. Tuesday's report was the culmination of a year-long project by the agency to review the FHL banks. FHL Banks are 11 regional government-chartered institutions that raise money for low-cost lending to their members.

Persons: Sarah Silbiger, Loan Banks, Banks, Ryan Donovan, Pete Schroeder, Aurora Ellis Organizations: REUTERS, Rights, Federal, Loan, Federal Housing Finance Agency, Federal Reserve, of Federal Home Loan, Thomson Locations: Washington , U.S, U.S

☆ ECB tells banks to factor in further drop in property prices
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023. REUTERS/Heiko Becker/File Photo Acquire Licensing RightsFRANKFURT, Nov 7 (Reuters) - Euro zone banks should factor in the risk of a further fall in property prices when they make provisions and plans about their capital, the European Central Bank's chief supervisor Andrea Enria said on Tuesday. The European property market has come under pressure from the ECB's steepest and longest streak of increases in interest rates, which are now at record highs. Fuelled by low interest rates and massive ECB cash injections, billions were funnelled into property in the last decade, particularly in richer European countries such as Germany, France and the Netherlands. Euro zone banks have been curbing access to credit, particularly mortgages, and demand from households and companies is also falling, ECB data shows.

Persons: Heiko Becker, Andrea Enria, Enria, Banks, Germany's Claudia Buch, Francesco Canepa, Kirsten Donovan, Jan Harvey Organizations: European Central Bank, REUTERS, Rights, Central Bank's, ECB, Thomson Locations: Frankfurt, Germany, France, Netherlands

Nov 7 (Reuters) - Agricultural and construction machinery maker CNH Industrial on Tuesday lowered its 2023 revenue forecast, citing a softening for its farm machinery, predominantly in South America, sending its shares plummeting. A Milan-based trader told Reuters European funds were also selling the stock ahead of CNH's delisting from the Milan bourse. The Italian-American company lowered its net revenue forecast from industrial activities, which accounts for the majority of CNH's revenue, of between 3-6% this year, down from a previous forecast of 8-11%. CNH, which houses brands such as Case IH and New Holland, reported third-quarter net sales from industrial activities down 1% year on year at $5.33 billion. CNH, which also announced a new share buyback programme as part of plans to achieve single listing on the New York Stock Exchange, reported quarterly adjusted operating profit from industrial activities of $657 million, down from $670 million a year earlier.

Persons: Scott Wine, Alessandro Parodi, Giancarlo Navach, Bianca Flowers, Kirsten Donovan, David Goodman, David Evans Organizations: Reuters, Milan bourse, Deere, Co, Caterpillar Inc, IH, South, New York Stock Exchange, Thomson Locations: South America, Milan, New York, American, New Holland

☆ Here are some key open enrollment tips and strategies for employees
▼ + stars: | 2023-11-07 | by ( Annie Nova | ) www.cnbc.com time to read: +9 min

Jimvallee | Istock | Getty ImagesOpen-enrollment workplace checklist ✔ Health insurance ✔ Savings and spending accounts ✔ Dental and vision plans ✔ Life insurance ✔ Disability insurance ✔ Retirement savings ✔ Beneficiary selection1. If your spouse has their own health insurance option at work, you'll want to both sit down and compare the different offerings. Many employees will notice that the health insurance plans offered by their company don't include dental and vision coverage. Consider life, disability insuranceDuring open enrollment, employees will typically also be presented with different disability and life insurance options. Short-term disability coverage is very limited, she said: "Everyone needs long-term disability coverage unless they have enough savings that they could basically retire if they can't work anymore."

Persons: Caitlin Donovan, Gruber, Jean Abraham, Warby Parker, Pat Greenhouse, Abraham, Donovan, you'll, Jonathan Gruber, Louise Norris, Norris, Carolyn McClanahan, McClanahan, Ryan Viktorin, Viktorin Organizations: Istock, Getty, Savings, Patient Advocate, University of Minnesota, Harvard, Boston Globe, Massachusetts Institute of Technology, IRS, Healthinsurance.org, Planning Partners, CNBC's, Pew Research Center, Partners, Fidelity Investments Locations: Cambridge , Massachusetts, Jacksonville , Florida

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsSummary Saudi Arabia and Russia supply cuts to remain until year-endChina's refinery throughput slows from record levelsEuro zone recession fears amplified by PMI dataHOUSTON, Nov 6 (Reuters) - Oil prices rose on Monday after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra voluntary oil supply cuts until the end of the year. Russia also announced it would continue its additional voluntary cut of 300,000 bpd from its crude oil and petroleum product exports until the end of December. Oil prices rebounded after both benchmarks lost about 6% in the week to Nov. 3. Monday's oil price gains may have been capped by an easing of crude throughput at Chinese refineries.

Persons: Agustin Marcarian, Dennis Kissler, Giovanni Staunovo, Tamas Varga, Robert Harvey, Florence Tan, Colleen Howe, David Goodman, Kirsten Donovan, Deepa Babington Organizations: REUTERS, PMI, HOUSTON, Brent, U.S, West Texas, BOK Financial, Reuters, Saudi, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Saudi Arabia, Russia, Saudi, OPEC, China’s, China, Europe

☆ Dollar extends drop, still vulnerable after Fed
▼ + stars: | 2023-11-06 | by ( Samuel Indyk | ) www.reuters.com time to read: +4 min

The dollar index was hovering around a 6-1/2 week low of 104.84, after falling around 1.4% last week. "You could still see a somewhat weaker dollar in the short-term, but if the (euro-dollar) rally continues it needs to get some fuel from somewhere." JPMorgan analysts say a sustained dollar sell-off would need signs of improvement in the euro zone, China and other regions, which it says are "still tenuous". The latest growth and inflation data from the euro zone and manufacturing surveys from China bear that out. Euro zone recession fears hardened on Monday after a survey showed a downturn in business activity accelerated last month as demand in the services sector weakened further.

Persons: Dado Ruvic, Tina Teng, Dane Cekov, Adrian Prettejohn, Jerome Powell, Nordea's Cekov, Sterling, bitcoin, Samuel Indyk, Rae Wee, Vidya, Kirsten Donovan, Mark Potter Organizations: REUTERS, U.S, Federal, Aussie, CMC Markets, JPMorgan, Economics, European Central Bank, Bank of Japan, Thomson Locations: Auckland, China, U.S

☆ Ryanair sees record annual profit, first regular dividend as fares soar
▼ + stars: | 2023-11-06 | by ( Conor Humphries | ) www.reuters.com time to read: +2 min

SummaryCompanies Fares up 24% during summer seasonProfit up 59% in six months to end-SeptemberFirst regular dividend of 400 mln eur due next yearDUBLIN, Nov 6 (Reuters) - Ryanair (RYA.I) on Monday forecast a record annual profit and promised to pay investors a regular dividend for the first time after fares soared 24% during the summer season. Europe's largest airline by passenger numbers said it expects an after-tax profit of between 1.85 billion and 2.05 billion euros for the year to end-March, easily beating its previous record of 1.45 billion euros in 2018. "We're pleased to report strong half year results ... due to a very strong Easter, record summer traffic," Group Chief Executive Michael O'Leary said in a video presentation. A maiden ordinary dividend of 400 million euros will be split between an interim payment of 200 million euros in February and a final dividend of 200 million euros in September next year. For subsequent financial years Ryanair plans to return approximately 25% of the after-tax profit posted the previous year by way of an ordinary dividend, the airline said.

Persons: We're, Michael O'Leary, Neil Sorahan, Sorahan, Conor Humphries, Simon Cameron, Moore, Kirsten Donovan Organizations: Ryanair, Europe's, Irish, Boeing, MAX, Thomson Locations: DUBLIN, Europe

☆ Siemens loses London lawsuit over 2 bln stg HS2 contract
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

[1/2] A HS2 high-speed rail logo is displayed on a fence surrounding a construction site at Euston in London, Britain, July 30, 2023. REUTERS/Hollie Adams/File Photo Acquire Licensing RightsLONDON, Nov 6 (Reuters) - Siemens (SIEGn.DE) on Monday lost a legal challenge over a 2 billion pound ($2.48 billion) contract to build a fleet of new trains for Britain's beleaguered HS2 high-speed rail project. HS2 said the contract, which includes a 12-year maintenance and services deal, was worth around 2 billion pounds when it was awarded. But Judge Finola O'Farrell dismissed Siemens' case on Monday, saying in a written ruling that Siemens had not established the contract was awarded unlawfully and the company was therefore "not entitled to any damages". Monday's ruling is a rare piece of good news for the controversial HS2 project, which was originally planned to link London to the north of England from 2026.

Persons: Hollie Adams, HS2, Finola O'Farrell, Rishi Sunak, Sam Tobin, Kirsten Donovan Organizations: REUTERS, Siemens, Siemens Mobility, HS2, Bombardier Transportation, France's Alstom, Hitachi, Alstom, British, Thomson Locations: Euston, London, Britain, England, Manchester, Birmingham

☆ Don't confuse customers over stablecoins, Bank of England warns lenders
▼ + stars: | 2023-11-06 | by ( Huw Jones | ) www.reuters.com time to read: +3 min

A pedestrian walks past the Bank of England in the City of London, Britain, September 25, 2023. REUTERS/Hollie Adams/File Photo Acquire Licensing RightsCompanies Bank of England FollowLONDON, Nov 6 (Reuters) - The Bank of England told lenders on Monday that they must avoid any risk that customers might confuse new forms of e-money like 'stablecoins' with standard deposits which are guaranteed against bank failures. Stablecoins are a cryptocurrency backed by a traditional currency such as sterling or the U.S. dollar, or an asset. To the extent that systemic payment systems using stablecoins pose similar risks as other systemic payment systems, they should be subject to equivalent regulatory standards, the BoE said. There are no systemic sterling stablecoins, but Tether, issuer of the world's largest stablecoin, pegged to the U.S. dollar and backed by assets including U.S. government debt, said last year it would launch a sterling stablecoin.

Persons: Hollie Adams, BoE, stablecoins, Sheldon Mills, David Milliken, Tom Wilson, Kylie MacLellan, Kirsten Donovan, Bernadette Baum Organizations: Bank of England, City of, REUTERS, Companies Bank of England, U.S ., Financial, European, Thomson Locations: City, City of London, Britain

☆ Sterling rises after best week in a year as dollar slide continues
▼ + stars: | 2023-11-06 | by ( Harry Robertson | ) www.reuters.com time to read: +2 min

UK pound coins plunge into water coloured with the European Union flag colours in this illustration picture, October 26, 2017. REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsLONDON, Nov 6 (Reuters) - The pound rose on Monday, extending the previous week's rally, as a slide in U.S. bond yields continued to weigh on the dollar. Sterling was last up 0.23% at $1.2409, trading at its highest in more than a month after posting its best weekly performance in a year last week with a rise of 2.1%. The Bank of England also held interest rates, at a 15-year high of 5.25%, last week as it painted a gloomy picture of the UK economy. Gross domestic product data, due on Friday, is expected to show the UK economy shrank 0.1% in the third quarter after growing 0.2% in the three months to June.

Persons: Dado, Sterling, Francesco Pesole, Harry Robertson, Kirsten Donovan Organizations: European Union, REUTERS, U.S, Federal Reserve, ING, Graphics Sterling, Financial, Bank of, Gross, Thomson Locations: U.S, American, Bank of England

☆ Aeva inks sensor deal with Nikon for industrial machines
▼ + stars: | 2023-11-06 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

Courtesy of Aeva Inc/Handout via REUTERS/File photo Acquire Licensing RightsNov 6 (Reuters) - Aeva Technologies (AEVA.N) on Monday said that it has signed a deal to produce sensors for Nikon (7731.T) industrial machines that can scan objects like cars coming off an assembly line for microscopic defects. While Aeva is targeting the automotive market, its sensor can also be used in other applications that require three-dimensional scanning, and in 2021 the company said it was working with Nikon to improve the Japanese firm's industrial equipment. The Aeva sensor aims to make the machines smaller and cheaper so that more vehicles can be inspected. Aeva said it expects to start supplying sensors to Nikon next year, with Nikon products with Aeva sensors hitting the market in 2025. Salehian declined to say how many sensors Aeva will ship or how much revenue the company expects from the Nikon deal.

Persons: Salehian, Aeva, Stephen Nellis, Kirsten Donovan Organizations: Aeva Inc, REUTERS, Aeva Technologies, Nikon, Reuters, Thomson Locations: , California, View , California, San Francisco

☆ NBA roundup: Grizzlies stun Blazers, break into win column
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +4 min

The 0-6 run was the Grizzlies' worst start since they dropped their first 13 games of the 2002-03 season. Jerami Grant scored 27 points for the Trail Blazers, who had a three-game winning streak halted. Malcolm Brogdon registered 18 points, 11 assists and seven rebounds and Shaedon Sharpe added 18 points and eight rebounds. Washington and Gordon Hayward each poured in 20 points and Mark Williams provided 19 points and 10 rebounds for Charlotte. Zach Collins had 21 points and 11 rebounds, while Victor Wembanyama racked up 20 points, nine rebounds and a career-high five blocked shots.

Persons: Desmond Bane, Shaedon Sharpe, Jaime Valdez, Jaren Jackson Jr, Jerami Grant, Malcolm Brogdon, Luka Doncic, Grant Williams, Kyrie Irving, Dereck Lively, LaMelo, Gordon Hayward, Mark Williams, Brandon Miller, Scottie Barnes, Barnes, Dennis Schroder, Jakob Poeltl, Gary Trent Jr, Keldon, Antonio, Zach Collins, Victor Wembanyama, Malaki Branham, Doug McDermott, Kevin Durant, Durant, Eric Gordon, Monty Williams, Phoenix, Cade Cunningham, Marcus Sasser, Donovan Mitchell, Stephen Curry, Evan Mobley, Mitchell, Darius Garland, hadn't, Curry, Draymond Green Organizations: Memphis Grizzlies, Portland Trail Blazers, Moda Center, USA, Memphis, Grizzlies, Trail Blazers, Blazers, Mavericks, Hornets, Luka, Dallas, Charlotte, The Mavericks, Raptors, Spurs, Toronto, San, Suns, Pistons, Phoenix, Detroit, Cavaliers, Warriors, Cleveland, Oklahoma City, Thomson Locations: Portland , Oregon, USA, P.J . Washington, San Antonio

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