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TikTok app logo is seen in this illustration taken, August 22, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 16 (Reuters) - TikTok will prohibit content that promotes Osama bin Laden's 2002 letter detailing the former al Qaeda leader's justifications for attacks against Americans, the short-form video app said on Thursday. "Content promoting this letter clearly violates our rules on supporting any form of terrorism," TikTok said in a statement, adding that reports that it was "trending" on the platform were inaccurate. A search for "Letter to America" on TikTok surfaced no results on Thursday, with a notice that said the phrase may be associated with "content that violates our guidelines." On Wednesday, The Guardian removed the full text of bin Laden's letter, which it had published in 2002.

Persons: Dado Ruvic, Osama bin, al, Laden, TikTok, Josh Gottheimer, Andrew Bates, Renee DiResta, Sheila Dang, David Shepardson, Rosalba O'Brien, David Gregorio Our Organizations: REUTERS, U.S, Democratic, Guardian, Stanford Internet Observatory, Thomson Locations: al Qaeda, Israel, United States, Pakistan, America, Austin, Washington

☆ Applied Materials forecasts upbeat first-quarter revenue on resilient demand
▼ + stars: | 2023-11-16 | by ( Samrhitha A | ) www.reuters.com time to read: +2 min

A smartphone with a displayed Applied Materials logo is placed on a computer motherboard in this illustration taken March 6, 2023. Reuters reported Applied Materials is under U.S. criminal investigation for potentially evading export restrictions on China's top chipmaker SMIC. Santa Clara, California-based Applied Materials, expects first-quarter revenue of $6.47 billion, plus or minus $400 million, higher than analysts' estimates of $6.37 billion, according to LSEG data. Companies focusing on generative AI tools this year has also led to an increase in spending for Applied Materials' equipment. Rival Lam Research (LRCX.O) last month forecast revenue below estimates due to weak memory chip demand, while KLA (KLAC.O) forecast revenue above expectations on growing adoption of AI tools.

Persons: Dado Ruvic, Gary Dickerson, Samrhitha, Shounak Dasgupta Organizations: REUTERS, Reuters, United, Justice and Commerce, Intel, Devices, Materials, Revenue, Lam Research, KLA, Thomson Locations: United States, China, U.S, Santa Clara , California, Bengaluru

[1/2] EU flag and TikTok logo are seen in this illustration taken, June 2, 2023. Meta on Wednesday challenged the "gatekeeper" designations for its Messenger and Marketplace platforms, but did not appeal against the status for Facebook, Instagram and WhatsApp. The European Union in September picked 22 "gatekeeper" services, run by six tech companies - Microsoft (MSFT.O), Apple (AAPL.O), Alphabet's (GOOGL.O) Google, Amazon (AMZN.O), Meta and ByteDance's TikTok. The company said it was designated a gatekeeper based on its parent company, ByteDance's, global market capitalisation that us based primarily on the performance of business lines that do not even operate in Europe. Last month, China's ByteDance bought back shares from U.S. employees in a deal that valued the company at $223.5 billion.

Persons: Dado Ruvic, China's ByteDance, Supantha Mukherjee, Nick Zieminski Organizations: EU, REUTERS, Rights, Meta, Digital Markets, Facebook, European Union, Microsoft, Apple, Google, Economic, European Commission, Thomson Locations: Rights STOCKHOLM, Europe, Stockholm

☆ Apple to make messaging between iPhones and Androids easier - Bloomberg News
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

[1/2] An Android mascot is seen in front of a displayed logo of Apple in this photo illustration taken in Zenica, Bosnia and Herzegovina, May 5, 2015. REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsNov 16 (Reuters) - Apple (AAPL.O) plans to adopt a messaging standard next year that will allow for a smoother texting experience between iPhones and Android devices, Bloomberg News reported on Thursday. Apple did not immediately respond to a Reuters request for comment. The company said the new technology would work alongside iMessage and offer better interoperability than SMS or MMS, according to the report. Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Shilpi Majumdar and Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado, iMessage, Samrhitha, Shilpi Majumdar, Devika Organizations: Apple, REUTERS, Bloomberg, Rich Communication Services, Google, Thomson Locations: Zenica, Bosnia, Herzegovina, Bengaluru

☆ Morning Bid: Ebbing oil sustains economic glow
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +6 min

Word "Oil" and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. That drop, which takes annual producer price inflation as low as 1.3%, was driven largely by falling gasoline prices. And that meets news that China's oil refinery throughput fell back in October as industrial fuel demand weakened. The overall energy and inflation picture is helping buoy consumption and stokes the 'soft landing' narrative investors are betting on. The picture in overseas markets, where the economic picture is cloudier, was more mixed.

Persons: magnifier, Dado Ruvic, Mike Dolan, stokes, Mary Daly, Joe Biden, Xi Jinping, Xi, Biden, Washington, Christopher Waller, Lisa Cook, John Williams, Michael Barr, Loretta Mester, Christine Lagarde, Luis de Guindos, Andrea Enria, Dave Ramsden, Andres Manuel Lopez Obrador, Alexander Smith Organizations: REUTERS, U.S . Energy Information Administration, Walmart, Federal, San Francisco Fed, Treasury, U.S . Senate, Philadelphia Fed, Kansas City Fed, Applied, Ross Stores, Federal Reserve, Lisa Cook , New York Fed, Cleveland Fed, European Central Bank, Bank of England, New York Federal Reserve, Insider Intelligence, Reuters Graphics, Thomson, Reuters Locations: U.S, United States, China . U.S, Target, San Francisco, Taiwan, China, Kansas, Treasuries, Lisa Cook , New, Franciso, Reuters Graphics China

A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. Mizuho upgraded Intel's stock to "buy" from "neutral" and raised its price target on the shares to $50 from $37. Intel shares rose as high as $43.39, the highest since June 2022, and closed up 6.7% to $43.35 on Thursday. "We believe (Intel) is lining up significant new server product launches and foundry customer announcements in the next six months," the analysts wrote. Intel competes for market share with other prominent chipmakers including Nvidia (NVDA.O), Broadcom Inc (AVGO.O), Advanced Micro Devices (AMD.O), and Samsung Electronics (005930.KS).

Persons: Dado Ruvic, Vijay Rakesh, Chibuike Oguh, Purvi Agarwal, Toby Chopra, Bill Berkrot Organizations: REUTERS, Intel, Mizuho Securities, Mizuho, Nvidia, Broadcom Inc, Devices, Samsung Electronics, Thomson Locations: New York, Bengaluru

☆ Bitcoin falls 4.94% to $36,007
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: 1 min

A representation of cryptocurrency bitcoin is seen in front of a stock graph and U.S. dollar in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsNov 16 (Reuters) - Bitcoin dropped 4.94% to $36,007 at 2117 GMT on Thursday, losing $1,870 from its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is down 5.2% from the year's high of $37,978 on November 9. Ether , the coin linked to the ethereum blockchain network, dropped 4.86 % to $1,959.8 on Thursday, losing $100.2 from its previous close. Reporting by Jose Joseph in Bengaluru; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado, Jose Joseph, Jonathan Oatis Organizations: REUTERS, Thomson Locations: Bitcoin, Bengaluru

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsROME, Nov 15 (Reuters) - Italy's Leonardo (LDOF.MI) is trimming its stake in U.S. unit DRS (DRS.O) as new CEO Roberto Cingolani looks to expand the state-controlled group with major roles in European defence projects. Two sources at Leonardo confirmed that the DRS deal was part of that strategy. Cingolani, a former government minister who became CEO in May, has embraced the need to create broader European alliances to take advantage of rising defence budgets. It has pointed to its cross-border MBDA European missile company joint venture with Airbus (AIR.PA) and BAE Systems (BAES.L) as a model for the projects. Some analysts expressed surprise that the company was reducing its stake in DRS, acquired 15 years ago in a $5.2 billion deal when the Italian group was known as Finmeccanica.

Persons: Leonardo, Dado Ruvic, Roberto Cingolani, Cingolani, Intesa Sanpaolo, Leonardo's, Nick Cunningham, Giulia Segreti, Armellini, Kirsten Donovan Organizations: REUTERS, Rights, DRS, Global Combat Air, Leopard, Airbus, BAE Systems, Agency Partners, Thomson Locations: U.S, East, Europe, Italy, Britain, Japan, Leonardo's Milan, Italian, Rome

☆ Explainer: What Turkey gained in delaying Sweden's NATO bid
▼ + stars: | 2023-11-16 | by ( Huseyin Hayatsever | ) www.reuters.com time to read: +5 min

NATO, Turkish, Swedish and Finnish flags are seen in this illustration taken May 18, 2022. Last year, Stockholm reversed a ban on exporting military equipment to Turkey, without revealing details of companies or products. WHAT HAVE OTHER NATO MEMBERS DONE? In October, Erdogan sent Sweden's NATO bid to Turkey's parliament for consideration. But it has faced objections in the U.S. Congress over Turkey's delaying NATO enlargement and its human rights record.

Persons: Dado Ruvic, Tayyip Erdogan, Erdogan, Gunnar Strommer, Jens Stoltenberg, Thomas Goffus, Huseyin Hayatsever, Jonathan Spicer, Alex Richardson Organizations: REUTERS, Rights, Turkish, NATO, Stockholm, Kurdistan Workers ' Party, European Union, Canada, SWEDEN GO, U.S . Congress, Kurdish, Hamas, U.S, Thomson Locations: Rights ANKARA, Ukraine, Turkey, Hungary, Sweden, Stockholm, Helsinki, Washington, SWEDEN, FINLAND, Madrid, Finland, Kurdistan, Ankara, United States, Netherlands, Brussels, Gaza

☆ Sapeon, backed by South Korea's SK Group, launches new AI chip
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSEOUL, Nov 16 (Reuters) - Sapeon, an artificial intelligence (AI) chip startup backed by South Korea's telecom-to-chip conglomerate SK Group, has launched its latest chip for data centres, the company said on Thursday, joining the global race to develop AI chips with bigger rivals like Nvidia (NVDA.O). The new Sapeon X330 chip "represents roughly twice the computational performance and 1.3 times better power efficiency" than competitors' products launched this year, the company said in a statement, without elaborating further on the competitors. Sapeon designs AI semiconductors for data centres, which require huge amounts of data processing. The X330 chip is manufactured by TSMC (2330.TW), the world's largest contract chipmaker, Sapeon said. SK Telecom (017670.KS), South Korea's top telco company, is Sapeon's parent.

Persons: Dado Ruvic, Sapeon, Simon Cameron, Moore Organizations: REUTERS, Rights, SK Group, Nvidia, TSMC, SK Telecom, telco, SK Hynix, Thomson Locations: Rights SEOUL, South

☆ Italy's Leonardo to offer 6.3% stake in US subsidiary in share sale
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 15 (Reuters) - Italy's state-controlled defence and aerospace group Leonardo (LDOF.MI) on Wednesday said it would sell a 6.3% minority stake in its U.S. subsidiary Leonardo DRS (DRS.O) on the market. The 16.5 million shares in Leonardo DRS making up the stake are worth about $344.2 million, according to Reuters calculations based on their closing price on Wednesday. Proceeds from the sale will be used to increase financial flexibility to finance possible investments and acquisitions, Leonard said in its statement announcing the sale. Index provider MSCI (MSCI.N) on Tuesday added Milan-listed Leonardo to its widely-followed MSCI ACWI stock index. Last week, Leonardo posted rising core earnings, revenues and new orders and confirmed its full-year guidance.

Persons: Leonardo, Dado Ruvic, Leonard, Morgan Stanley, Morgan, Urvi, Tom Hogue Organizations: REUTERS, Leonardo DRS, DRS, BofA Securities, Thomson Locations: Milan, European, Bengaluru

☆ Dollar shakes off weakness after investors rethink Fed outlook
▼ + stars: | 2023-11-15 | by ( Amanda Cooper | ) www.reuters.com time to read: +3 min

The pound eased back from Tuesday's two-month highs after data showed British inflation ran at its slowest pace in two years in October, at 4.6%. On Tuesday, the pound rose by 1.8% against the dollar, marking its biggest one-day gain in a year. The offshore Chinese yuan, meanwhile, received some support The offshore yuan , meanwhile, briefly ticked up to a three-month high of $7.2385 against the dollar after domestic industrial output and retail sales growth beat expectations. Evidence of ongoing weakness in China's property sector, where data showed sales fell faster in October and investment in real estate slumped, took some of the shine off the rally. The offshore yuan was last at 7.2577 per dollar, down 0.1% on the day.

Persons: Dado Ruvic, Michael Hewson, Sterling, Moh Siong Sim, Brigid Riley, Shri Navaratnam, Lincoln, Angus MacSwan Organizations: REUTERS, Federal Reserve, Investors, Bank of England, Markets, Bank of Singapore, Thomson Locations: Britain, Tuesday's, York

☆ US appeals court scraps Sempra's Port Arthur LNG emissions permit
▼ + stars: | 2023-11-15 | by ( Curtis Williams | ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsHOUSTON, Nov 15 (Reuters) - A U.S. court has removed an emissions permit for Sempra's (SRE.N) Port Arthur LNG export terminal in Texas, but the company said construction of the facility will continue for now. The approximately 13.5 million-metric-tons-per-annum (mtpa) Port Arthur plant has approval to export LNG to both Free Trade Agreement (FTA) and non-FTA countries, including Europe, and is part of the U.S. LNG expansion to meet growing global demand for the superchilled gas. The decision sends the Port Arthur LNG permit application back to the TCEQ for new evaluation. Investment firm KKR (KKR.N) owns a 20% stake in Sempra Infrastructure while Sempra Energy owns 70% and Abu Dhabi Investment Authority owns 10%. John Beard, executive director of the Port Arthur Community Action Network, which brought the lawsuit challenging TCEQ, said of the ruling: “We’ve won by standing up for Port Arthur communities of color to breathe free from toxic pollution.

Persons: Dado Ruvic, Port Arthur, Sempra, John Beard, “ We’ve, –, Biden, Alex Munton, Munton, Curtis Williams, Deepa Babington, Stephen Coates Organizations: REUTERS, Rights, Port Arthur, Free, U.S, U.S ., Appeals, Fifth Circuit, Texas Commission, Environmental, Rio, Rio Grande LNG, Port, Sempra Infrastructure, ConocoPhillips, Investment, KKR, Sempra Energy, Abu Dhabi Investment Authority, Port Arthur Community Action Network, Global Gas & LNG Research, Rapidan Energy, Thomson Locations: Port, Texas, Europe, Rio Grande, Port Arthur, Abu Dhabi, Houston

☆ Euro zone banks lose millions of euros to poor IT outsourcing
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +2 min

This last area in particular cost banks 148 million euros ($160.59 million) in 2022, a 360% increase from the year before, as a result of the "unavailability or poor quality of outsourced services". While the ECB cautioned these losses were "concentrated within a few significant institutions and therefore not indicating a sectoral trend", it also found that banks' "outsourcing arrangements often failed to sufficiently address IT security requirements". Banks are making ever greater use of outsourcing as they switch to cloud-based services from storing information on their own servers. Their cloud expenses surged by 56% in 2022 to account for 3.1% of all money spent by banks on IT, the ECB said. More broadly, the ECB found fundamental shortcomings that were "more severe and widespread than expected" in how banks tackle cybersecurity.

Persons: Dado Ruvic, Banks, Francesco Canepa, Angus MacSwan Organizations: REUTERS, Rights, European Central Bank, ECB, Thomson

☆ Google antitrust trial crystallizes Apple’s risk
▼ + stars: | 2023-11-15 | by ( Robert Cyran | ) www.reuters.com time to read: +4 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNEW YORK, Nov 15 (Reuters Breakingviews) - The antitrust case against Google is spelling out some serious problems. The U.S. Department of Justice claims that Alphabet maintains its market dominance by striking deals to make Google the default search engine on other companies’ devices and browsers. One expert witness for Google said Apple receives 36% of the ad revenue Google makes from searches on Apple’s Safari browser. Kevin Murphy, an economics professor at the University of Chicago, and an expert witness for Google, made the remark, Bloomberg reported. The two companies have had a partnership since 2002, where Google shares advertising revenue generated from users of Apple devices, and Google is the default search engine for these devices.

Persons: Dado Ruvic, Tim Cook, Bernstein, Kevin Murphy, Alphabet’s Google, Lauren Silva Laughlin, Sharon Lam Organizations: Apple, REUTERS, Reuters, Google, U.S . Department of Justice, Microsoft, U.S . Department, University of Chicago, Bloomberg, Alphabet’s, Thomson

☆ Dollar down as markets bet Fed done with hikes
▼ + stars: | 2023-11-15 | by ( Brigid Riley | ) www.reuters.com time to read: +3 min

The offshore yuan briefly ticked up to a three-month high of $7.2385 against the dollar before easing back somewhat to $7.2477. The New Zealand dollar , which can act as a proxy for China, ticked up to a one-month high of $0.6029 against the dollar. Traders reacted quickly to the shift in market pricing by sending the dollar tumbling 1.5% overnight against major currencies. The dollar index , which measures the currency against a basket of peers, last stood at 104.14, not far from Tuesday's two-month low of 103.98. With the dollar on the back foot, the euro settled around $1.08725 after touching its highest since August the previous day.

Persons: Dado Ruvic, Rob Carnell, Carnell, Moh Siong Sim, Brigid Riley, Shri Navaratnam Organizations: REUTERS, Rights, Federal Reserve, of Research, ING, New Zealand, Traders, Treasury, Bank of Singapore, Thomson Locations: Asia, China, U.S, Lincoln

Broken Ethernet cable is seen in front of binary code and words "cyber security" in this illustration taken March 8, 2022. "We're also seeing a greater interest from state actors in Australia's critical infrastructure." In May, the Five Eyes intelligence alliance and Microsoft (MSFT.O) said a state-sponsored Chinese hacking group was spying on U.S. critical infrastructure organisations. Techniques used by the China hacking group could be used against Australia's critical infrastructure including telecommunications, energy and transportation, the report said. Marles said Australia's relationship with China, its largest trading partner, was "complex" and the government had never pretended the relationship would be easy.

Persons: Dado Ruvic, cybercrime, Richard Marles, We're, Marles, Matthew Warren, Nigel Phair, Renju Jose, Byron Kaye, Lincoln, Edwina Gibbs Organizations: REUTERS, Rights, U.S, Australian Cyber Security, ABC Radio, Microsoft, RMIT University Centre, Cyber Security Research, Australian Securities and Investments, Australia, Monash University, DP, Optus, Thomson Locations: Britain, U.S, Canada, New Zealand, Australia, China, Sydney

Miniatures of windmill, solar panel and electric pole are seen in front of Siemens Energy logo in this illustration taken January 17, 2023. A producer of key equipment such as gas turbines, converter stations and wind turbines, Siemens Energy is viewed by the German government as vital to its energy transition from fossil fuels to renewables. Frankfurt-listed shares in Siemens Energy were up 3% at 0757 GMT. Siemens Gamesa, once considered the future growth driver for Siemens Energy, has become a millstone around the group's neck after deeper-than-expected wind turbine quality issues were disclosed in June. As part of the financial backing agreed with stakeholders, Siemens Energy said it would sell an 18% stake in Indian firm Siemens Ltd (SIEM.NS) to Siemens AG at a discount of 15%, confirming a previous Reuters story.

Persons: Dado, Christian Bruch, Spain's, Christoph Steitz, Linda Pasquini, Mark Potter Organizations: Siemens Energy, REUTERS, Siemens, Siemens Gamesa, Siemens AG, Reuters, Siemens Ltd, Thomson Locations: Frankfurt, MUNICH

The TikTok app logo is seen in this illustration taken August 22, 2022. News organizations are competing with TikTok and other social media platforms for consumers' attention and advertisers' budgets, with many seeking ways to engage TikTok’s large and coveted Gen Z audience. Meta (META.O)-owned Facebook is the most popular social media platform for news, with 30% of Americans saying they regularly access news there, followed by YouTube with 26%, Instagram with 16% and TikTok with 14%, Pew found. Regular news consumers on Nextdoor, Facebook, Instagram and TikTok are more likely to be women, Pew found, while regular news consumers on Reddit, X, LinkedIn and Alphabet (GOOGL.O)-owned YouTube are more likely to be men. Under owner Elon Musk, regular news consumers on X, the platform formerly named Twitter, are roughly split politically, with 46% Republican or Republican-leaning, and 49% Democrat or Democratic-leaning, according to Pew.

Persons: Dado Ruvic, Pew, Elon Musk, Helen Coster, Jan Harvey Organizations: REUTERS, Pew Research Center, Meta, Facebook, YouTube, Republican, Democratic, Pew, Thomson Locations: U.S

☆ Senators demand documents from Meta on social media harm to children
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

Children playground miniatures are seen in front of displayed Instagram logo in this illustration taken April 4, 2023. Senators has written to Meta Platforms (META.O) CEO Mark Zuckerberg demanding documents about its research into the harm to children from its social media platforms. A whistleblower's release of documents in 2021 showed Meta knew Instagram, which began as a photo-sharing app, was addictive and worsened body image issues for some teen girls. The letter follows a hearing with a new whistleblower last week and after a newly unsealed complaint filed by the Massachusetts Attorney General, the senators said. Dozens of U.S. states are also suing Meta and its Instagram unit, accusing them of fueling a youth mental health crisis by making their social media platforms addictive.

Persons: Dado Ruvic, Mark Zuckerberg, Meta, Arturo Béjar's, Akash Sriram, Shounak Dasgupta Organizations: REUTERS, Senators, Meta, Thomson Locations: U.S, Massachusetts, Bengaluru

☆ US senators seek Meta documents over platforms' alleged mental, physical harms
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: 1 min

Meta and Facebook logos are seen in this illustration taken February 15, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsWASHINGTON, Nov 15 (Reuters) - A bipartisan group of U.S. senators have asked Meta (META.O) to "provide documents related to senior executives’ knowledge of the mental and physical health harms associated with its platforms, including Facebook and Instagram," they said in a statement released on Wednesday. The members of the Senate Judiciary Committee in a letter asked the social media giant's chief executive, Mark Zuckerberg, to provide the documents by Nov. 30, the statement said. Reporting by Richard Cowan; writing Susan HeaveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Mark Zuckerberg, Richard Cowan, Susan Heavey Organizations: Meta, REUTERS, Rights, Facebook, Thomson

Whatever is driving it, the sheer size of the record short positions and the pace at which they are growing suggest the reversal, when it comes, could be powerful. Leveraged funds - those more likely to be active in the basis trade - grew their net short position by 149,000 contracts to 2.08 million, a new record. Reuters Image Acquire Licensing RightsIn the two-year space, non-commercial accounts grew their net short position slightly to a new record 1.454 million contracts, and leveraged funds' net short position rose substantially to 1.716 million contracts, also a new record. A short position is essentially a bet that an asset's price will fall, and a long position is a bet that it will rise. Reuters Image Acquire Licensing RightsIf softer inflation and a more dovish U.S. central bank keep yields under downward pressure, funds' short Treasuries position is likely to come under increasing pressure too.

Persons: Dado Ruvic, Jamie McGeever, Paul Simao Organizations: REUTERS, Rights, Federal Reserve, Futures Trading Commission, Reuters, Bank of America, UST, Thomson Locations: Rights ORLANDO , Florida, U.S

Adobe logo is seen on smartphone in this illustration taken June 13, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsCompanies Adobe Inc FollowBRUSSELS, Nov 15 (Reuters) - Photoshop maker Adobe (ADBE.O) expects to get an EU antitrust warning on its $20 billion bid for cloud-based designer platform Figma and is open to proposing remedies to resolve regulatory concerns, its chief counsel told Reuters on Wednesday. The Adobe deal comes amid heightened regulatory scrutiny around the world on Big Tech acquisitions which boost dominant companies' market power or those involving start-ups seen as nascent rivals. "We are expecting a statement of objections from the European Commission," Dana Rao said in an interview, confirming a Reuters story on Tuesday. "We are certainly open to the discussion of remedies.

Persons: Dado Ruvic, Dana Rao, Rao, Foo Yun Chee, Kirsten Donovan Organizations: REUTERS, Inc, Adobe, Big Tech, European Commission, Thomson Locations: EU

☆ Sterling eases after cooler British inflation data
▼ + stars: | 2023-11-15 | by ( Amanda Cooper | ) www.reuters.com time to read: +3 min

British Pound and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Nov 15 (Reuters) - Sterling eased on Wednesday after data showed British inflation cooled more than forecast in October, reinforcing expectations that the Bank of England (BoE) will be cutting interest rates by the middle of next year. Sterling was last down 0.2% on the day at $1.2471 by 0724 GMT, compared with $1.2487 shortly before the data. The figures reinforced the view that the U.S. Federal Reserve has probably also finished raising interest rates. Money markets show traders believe there is a good chance the BoE could start cutting rates by May next year.

Persons: Dado Ruvic, Sterling, BoE, Richard Garland, Rishi Sunak, we’ve, Huw Pill, Amanda Cooper, Alun John, Robert Birsel Organizations: Pound, U.S, REUTERS, Bank of England, Office, National Statistics, Omnis Investments, government's Treasury, U.S . Federal Reserve, Thomson Locations: September's, Britain

☆ German government supports Siemens Energy with $8 bln guarantees
▼ + stars: | 2023-11-14 | by ( Christian Kraemer | ) www.reuters.com time to read: +3 min

Miniatures of windmill, solar panel and electric pole are seen in front of Siemens Energy logo in this illustration taken January 17, 2023. Private banks were expected to provide Siemens Energy with guarantees worth 12 billion euros while Siemens Energy would seek another 3 billion from other sources, the statement said, adding it was conditional on the final sign-off of all parties. "We are pleased with the German government's clear support for Siemens Energy and the commitment to the rapid implementation of projects to make the energy transition a success," Siemens Energy said in a statement. Shares in Siemens AG rose 2.7% at 1517 GMT on the deal while Siemens Energy shares were up 0.3%. Siemens AG, which spun off Siemens Energy in 2020, is also expected to provide support by buying most of the 24% stake Siemens Energy owns in Siemens Ltd (SIEM.NS), an Indian joint venture, sources have told Reuters.

Persons: Dado, Marco Buschmann, Buschmann, Christian Kraemer, Alexander Hübner, Christoph Steitz, Linda Pasquini, Madeline Chambers, Matthias Williams, Kirsti Knolle, David Evans Organizations: Siemens Energy, REUTERS, Rights, Siemens AG, Reuters, Siemens Ltd, Siemens, RTL, ntv, Thomson Locations: Indian

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