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☆ Malaysia eyes more investments to enlarge EV footprint after landmark Tesla deal
▼ + stars: | 2023-08-23 | by ( Clement Tan | ) www.cnbc.com time to read: +5 min

Tesla's groundbreaking move with Malaysia is a boost to Southeast Asia's place in the EV supply chain and the first deal under the country's Battery Electric Vehicle Global Leaders initiative. There are also plans for Tesla to embark on EV battery manufacturing in Malaysia. Anwar said Malaysia is open to more EV investments, including from Chinese automakers. Tesla Inc. signage during a launch of company's Model Y electric vehicle in Kuala Lumpur, Malaysia, on Thursday, July 20, 2023. Building readinessStill, Anwar was hesitant to say a full electric vehicle assembly line is in the pipeline.

Persons: Tesla, Anwar Ibrahim, CNBC's Martin Soong, Anwar, Elon Organizations: country's, Vehicle Global, U.S, EV, Bumiputeras, CNBC, Tesla Inc, Bloomberg, Getty, IT, Zhejiang, Infineon Technologies, Proton Locations: Malaysia, Southeast Asia, Putrajaya, Kuala Lumpur, China, Shanghai, Selangor, Malay, Tanjong Malim, Perak, Kedah, Geely

☆ Ukraine war divides Republicans heading into first GOP debate
▼ + stars: | 2023-08-23 | by ( Amanda Macias | ) www.cnbc.com time to read: +12 min

Ukrainian Presidency | Anadolu Agency | Getty ImagesWASHINGTON — The Republican primary debate in Milwaukee Wednesday is expected to showcase the deep divisions within the party over America's role in the Russian war on Ukraine. Scott Olson | Getty ImagesFormer Vice President Mike Pence was the first Republican candidate to travel to Ukraine after Russia invaded. He says the Russia-China axis is by far the top threat to U.S. national security and merits more focus than the Ukraine war. Tim ScottLikely Republican presidential candidate and U.S. Joseph Prezioso | AFP | Getty ImagesThe former New Jersey governor was the second Republican candidate to visit Ukraine after Pence.

Persons: Ukraine Volodymyr Zelenskyy, Joe Biden, Donald Trump, Carlos Barria, Vladimir Putin, Volodymyr Zelenskyy, Trump, could've, Sean Hannity, Zelenskyy, Biden, Mike Pence, Scott Olson, they've, Pence, Putin, Vivek Ramaswamy, Tucker Carlson, Scott Morgan, Ramaswamy, Nikki Haley U.S, Nikki Haley, Kevin Lamarque, Haley, Tim Scott, Brian Snyder, Tim Scott of, Scott, Ron DeSantis, Scott Brown, Reba Saldanha, DeSantis, pushback, Chris Christie, Joseph Prezioso, Christie's, Christie, Francis Suarez, Miami Mayor Francis Suarez, Ronald Reagan, Mario Tama, Getty Images Miami Mayor Francis Suarez, Suarez, Will Hurd, Hurd, Republican frontrunners Trump, Doug Burgum, Dan Koeck, Asa Hutchinson, Arkansas Asa Hutchinson, Drew Angerer Organizations: Anadolu Agency, Getty Images WASHINGTON, Republican, Milwaukee Wednesday, GOP, New York Times, U.S, Army, National Defense, Reuters, Fox News, NATO, Getty, NBC News, Marine Corps, Vivek Ramaswamy Republican, Former Fox, Iowa, United, United Nations, American Enterprise Institute, New Hampshire Institute, Politics, Saint Anselm College, NBC, Ron DeSantis Florida Governor, Republican U.S, New Jersey, New Hampshire Town Hall, AFP, New, CNN, Miami Mayor, Library, Getty Images Miami Mayor, National, Harvard, Republican Party of Iowa, Former, CIA, Disney, Doug Burgum North, Reuters North, Asa Hutchinson Republican, Washington Hilton Locations: Ukraine, Kharkiv, Russia, Ukrainian, Milwaukee, United States, Europe, Moscow, Iran, Siena, Fort Drum , New York, U.S, South Carolina, Ankeny , Iowa, Russian, Kyiv, Berlin , New Hampshire, Des Moines , Iowa, China, Eastern Europe, Arlington , Virginia, Taiwan, North Korea, Manchester , New Hampshire, Tim Scott of South Carolina, America, Ron DeSantis Florida, Rye , New Hampshire, Reuters Florida, New Hampshire, Goffstown , New Hampshire, New Jersey, Bucha, Simi Valley , California, Harvard, Former Texas, Texas, Crimea, Desantis, Doug Burgum North Dakota, Fargo , North Dakota, Reuters North Dakota, Arkansas, Washington ,

☆ Japan to release Fukushima water into ocean starting this week
▼ + stars: | 2023-08-22 | by ( ) www.cnbc.com time to read: +1 min

Fisherman Haruo Ono stands on one of his fishing boats at Tsurushihama Fishing Port, Shinchi-machi of Fukushima Prefecture, some 60 kms north of the crippled Fukushima Daiichi nuclear plant on August 21, 2023, ahead of a government's plan to begin releasing treated water from the plant into the Pacific Ocean. Philip Fong | Afp | Getty ImagesJapan said on Tuesday it will start releasing more than 1 million metric tonnes of treated radioactive water from the wrecked Fukushima nuclear power plant on Aug. 24, putting into motion a plan that has drawn strong criticism from China. Japan has said that the water release is safe. Still, some neighboring countries have expressed skepticism over the safety of the plan, with Beijing emerging as the biggest critic. Foreign ministry spokesman Wang Wenbin said in July that Japan had shown selfishness and arrogance, and had not fully consulted the international community about the water release.

Persons: Ono, Philip Fong, Fumio Kishida, Wang Wenbin Organizations: Afp, Getty, Japan, Tokyo Electric Power Company, Nuclear, Authority, International Atomic Energy Agency Locations: Shinchi, Fukushima Prefecture, China, Japan, Beijing

☆ North Korea's space launch program and long-range missile projects
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +5 min

North Korean leader Kim Jong Un gives field guidance at the Seohae satellite launch site, in North Korea, in this photo released on March 11, 2022 by North Korea's Korean Central News Agency (KCNA). Dec. 12, 2012: North Korea successfully launches the Kwangmyongsong-3, putting an object in orbit. April 2013: North Korea establishes the National Aerospace Development Administration (NADA) which purports to pursue space exploration for peaceful purposes. Aug 29, 2017: North Korea fires an intermediate range missile over northern Japan, prompting warnings to residents to take cover. March 16, 2023: North Korea test launches the Hwasong-17 ICBM, its biggest missile, which some analysts believe incorporates technology for space launch vehicles.

Persons: Kim Jong Un, KCNA, Kim Jong Il, Hyon, ”, Kim, Jack Kim, Ed Davies, Josh Smith, Gerry Doyle Organizations: Korean Central News Agency, REUTERS, Rights, Japan's Coast Guard, ., North Korea, National Aerospace Development Administration, United, International, Japan, International Maritime Organization, Pacific, Thomson Locations: North Korea, North, Rights SEOUL, South Korea, United States, Korea, Pyongyang, Japan, U.S, East China

☆ Luna 25 crash and Chandrayaan-3 landing attempt may signal another shift in the space race, experts say
▼ + stars: | 2023-08-22 | by ( Jackie Wattles | ) edition.cnn.com time to read: +9 min

The failed landing attempt has experts questioning the future of the country’s lunar exploration ambitions and the geopolitical dynamics that underpin modern space exploration efforts. The spacecraft, Luna 25, lost contact with operators at Russia’s space agency, Roscosmos, on Saturday, August 19. Luna 25 was flying alongside India’s Chandrayaan-3 spacecraft, which will attempt to land on the moon as soon as Wednesday. “I’m sure China must be really wondering what they saddled themselves with” after the Luna 25 mission, Samson said. Why missions like Luna 25 matterThe Luna 25 spacecraft was intended to land on the moon’s south pole.

Persons: CNN —, Roscosmos, Yury Borisov, ”, Victoria Samson, Borisov, Russia's Luna, Luna, Robert Pearson, Duke University’s, Pearson, “, haven’t, India’s Chandrayaan, Artemis III, ” Samson, “ It’s, it’s, India’s, Samson, ’ ”, Angela Marusiak, hasn’t, ” Pearson Organizations: CNN, Secure World Foundation, Soviet, Roscosmos, Space Corporation, Luna, U.S . Foreign Service, Diplomacy, European Space Agency, Lunar Research, US, NASA, SpaceX, University of Arizona’s, Laboratory Locations: Russian, Russia, Washington, Soviet Union, Ukraine, Turkey, United States, Europe, Russia’s, China, India, Artemis

☆ Japan to release Fukushima water into ocean starting Aug 24
▼ + stars: | 2023-08-22 | by ( Sakura Murakami | ) www.reuters.com time to read: +4 min

An aerial view shows the storage tanks for treated water at the tsunami-crippled Fukushima Daiichi nuclear power plant in Okuma town, Fukushima prefecture, Japan August 22, 2023, in this photo taken by Kyodo. Japan has said that the water release is safe. Foreign ministry spokesman Wang Wenbin said in July that Japan had shown selfishness and arrogance, and had not fully consulted the international community about the water release. China bans seafood imports from 10 prefectures in Japan, including Fukushima and the capital, Tokyo. Japan says the water will be filtered to remove most radioactive elements except for tritium, an isotope of hydrogen that is difficult to separate from water.

Persons: Fumio Kishida, Kishida, Wang Wenbin, Sitiveni Rabuka, Sakura Murakami, Tim Kelly, Kirsty Needham, Chang, Ran Kim, Gerry Doyle Organizations: Kyodo, REUTERS Acquire, Rights Companies Tokyo Electric Power Company Holdings, Tokyo Electric Power Company, Nuclear, Authority, International Atomic Energy Agency, IAEA, Seafood, Pacific, Thomson Locations: Okuma, Fukushima prefecture, Japan, China, Beijing, Fukushima, Tokyo, South, Seoul, United States, France, Pacific, Sydney

☆ Russia's economic woes have brought a flood of cash and sparked a real estate boom in the UAE
▼ + stars: | 2023-08-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Traders in the Gulf state have ramped up business in Russian oil and gold markets, the WSJ reported. Conversely, Russians are flocking to the UAE, bringing their wealth to its economy and sparking a real estate boom. That's as sanctions and trade restrictions have weighed heavily on Russia's economy, cutting it off from billions of its foreign reserves and crimping its energy trade. Russians were the third-largest group of real estate buyers in Dubai over the last quarter, the real estate firm Betterhomes told the Journal, up from the ninth-largest group in 2021. Russia's economy meanwhile is in a state of turmoil.

Persons: Betterhomes, Putin Organizations: Traders, Service, United Arab Emirates, UAE, Wall, Yale Locations: UAE, Gulf, Wall, Silicon, Russia, Ukraine, Dubai, Poland

Playing a quiet but important role in shaping the governor's remarks was the Washington-based Heritage Foundation, America's top conservative think tank, according to two people with knowledge of their interactions. The range and frequency of those discussions with DeSantis' campaign have not been previously reported. In addition to Carmack, the policy director, at least seven other Heritage staffers have taken positions in the DeSantis campaign. Whether DeSantis' connection to the think tank has been helpful for his campaign is an open question. Following the controversial March 13 statement, Heritage officials had a suggestion for the campaign, according to one person with knowledge of the discussions.

Persons: Ron DeSantis, Kevin Roberts, Tucker Carlson, DeSantis, Donald Trump, Bryan Griffin, Heritage, Griffin, Generra Peck, Trump, Noah Weinrich, Weinrich, Roberts, Dustin Carmack, Carmack, Steve Bradbury, Bradbury, Joe Biden's, David Dewhirst, Gram Slattery, Ross Colvin, Daniel Flynn Organizations: Florida, The Heritage Foundation, Gaylord National Resort, Center, REUTERS, Sarah, Fox News, Heritage Foundation, Senior Heritage, Heritage, Republican, TALLAHASSEE, Mar, Trump, Justice Department, Department of Education, FBI, Department of Transportation, Democratic Party, Top Heritage, Economic, Reuters, Republican Party, Fox Nation, Thomson Locations: National Harbor, M.D, WASHINGTON, Florida, Ukraine, United States, Washington, U.S, Russia, China, Milwaukee, Tallahassee , Florida, Tallahassee

U.S. One dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. Managing the ballooning debt is more challenging now than when S&P stripped the United States of its AAA rating in 2011. The deficit before interest payments was lower then, economic growth was weak but still higher than prevailing interest rates, and the Fed was buying boatloads of bonds. Interest payments as a share of federal revenue, spending, and the economy are set to reach historically high levels early in the next decade. It's not just the supply of debt that matters - demand to hold that debt is critical.

Persons: Dado Ruvic, Fitch, Uncle Sam, Carter, Chris Marsh, Bonds, Phil Suttle, It's, Jamie McGeever, Kirsten Donovan Organizations: REUTERS, AAA, Fed, Carter Administration, Investors, Reuters, Treasury, CBO, Suttle, Thomson Locations: ORLANDO, Florida, Washington, United States, Foreign, China, Treasuries, U.S

☆ Colombian conglomerate Grupo Aval, subsidiary settle charges of violating US law
▼ + stars: | 2023-08-10 | by ( Kanishka Singh | Thomson Reuters | Kanishka Singh Is A Breaking News Reporter For Reuters In Washington Dc | ) www.reuters.com time to read: +2 min

REUTERS/Andrew Kelly/File PhotoWASHINGTON, Aug 10 (Reuters) - Colombian conglomerate Grupo Aval (GAA.CN) and its bank subsidiary will pay over $80 million to settle charges of violating anti-corruption laws, U.S. authorities said on Thursday. After the settlement was reached, Grupo Aval said the Justice Department did not bring any enforcement action and the SEC did not make a claim against the company for bribery. Corficolombiana will pay a criminal penalty of $40.6 million, the U.S. Justice Department said in a statement. Corficolombiana had conspired with Brazilian construction firm Odebrecht to pay bribes to Colombian government officials, according to prosecutors. Corficolombiana also agreed to continue enhancing its compliance program and providing reports to the Justice Department regarding remediation and the implementation of compliance measures, the Justice Department said.

Persons: Andrew Kelly, Grupo Aval, Corficolombiana, Odebrecht, Kanishka Singh, Isabel Woodford, Leslie Adler, David Gregorio Our Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Grupo Aval, U.S . Foreign, U.S . Justice Department, Securities and Exchange Commission, SEC, Grupo, Justice Department, Odebrecht, U.S, Thomson Locations: Washington ,, Colombian, disgorgement, Swiss, Peru, Mexico, Argentina, Colombia, U.S, Washington

☆ Analysis: No decoupling, but West and China drift apart
▼ + stars: | 2023-08-08 | by ( Mark John | ) www.reuters.com time to read: +5 min

Containers are seen at the Yangshan Deep Water Port in Shanghai, China, as the coronavirus disease (COVID-19) outbreak continues, October 19, 2020. But underlying trade and investment trends point to an unmistakable long-term drift in commercial ties with the West. Take foreign direct investment - the more forward-looking clue as to where commercial ties between countries are heading. WATCH GERMANYSome, meanwhile, point to the fact that U.S.-China trade - exports and imports of goods combined - hit a record $690 billion last year as evidence that the reality does not match the frosty political rhetoric. Last month's China strategy document unveiled by Chancellor Olaf Scholz's three-way coalition left open exactly how far Berlin would ultimately go in reining in commercial ties.

Persons: Aly, China's, Louise Loo, Stephen Roach, Yale Law School's Paul Tsai, Angela Merkel, Chancellor Olaf Scholz's, Mark Leonard, –, Joe Biden, Loo, Mark John, Christina Fincher Organizations: REUTERS, West, Oxford Economics, Yale Law, Yale Law School's Paul Tsai China Center, Reuters, European Council, Foreign Relations, – Mercedes, Benz, BMW, Volkswagen, BASF –, Oxford, Thomson Locations: Port, Shanghai, China, United States, Europe, GERMANY, Germany, Berlin, reining, Taiwan, U.S

☆ An Oil-Rich Ally Tests Its Relationship With the U.S.
▼ + stars: | 2023-08-08 | by ( Vivian Nereim | More About Vivian Nereim | ) www.nytimes.com time to read: +1 min

The ruler of the United Arab Emirates, Sheikh Mohammed bin Zayed, is a key American ally who counts on the United States to defend his country. These deepening relationships show how a Middle Eastern leader viewed by the U.S. government as an important partner is increasingly striking out on his own path. American officials have had limited success in persuading Sheikh Mohammed to align with U.S. foreign policy — particularly when it comes to limiting Chinese military ties and isolating Russia after the invasion of Ukraine. Instead, the Emirates has thrived on inflows of Russian money, oil and gold, fueling a feeding frenzy in real estate in the glittering metropolis of Dubai. The growing ties with both American rivals and expanding economies like India are all in preparation for a world that may someday be no longer dominated by the United States.

Persons: Sheikh Mohammed bin Zayed, Vladimir V, Putin, Sheikh Mohammed Organizations: United Arab, U.S, Emirates Locations: United Arab Emirates, American, United States, Russia, Russian, Ukraine, Dubai, India

☆ China’s Exports Fall Again, Imperiling Its Economic Recovery
▼ + stars: | 2023-08-08 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: +1 min

In the first seven months of the year, exports to the United States declined 18.6 percent compared with the same period last year, while shipments to the European Union fell 5 percent. Exports to Russia, which has been hit with Western sanctions over its invasion of Ukraine, increased more than 70 percent. “There has been general weakness in demand for China’s exports,” he said. A real estate crisis and weak spending by consumers have put pressure on Beijing to increase exports to help stabilize the economy. But the trade numbers released on Tuesday suggest weak demand may exacerbate a global slowdown.

Persons: Paul Donovan, ” Organizations: European Union, UBS, Officials, China Locations: United States, Russia, Ukraine, Mexico, Canada, China, Beijing

☆ Explainer: What are West Africa's options to reverse Niger's coup?
▼ + stars: | 2023-08-04 | by ( Edward Mcallister | ) www.reuters.com time to read: +4 min

[1/4] A member of the ECOWAS regional force is seen at Denton check point in Banjul, Gambia January 22, 2017. GROUND INVASIONECOWAS has sent troops into trouble spots before, but never in Niger and rarely with the region so divided. Coup leaders in Guinea, Burkina Faso and Mali have expressed support for Niger's junta, and other countries have their own security challenges. It is not clear how big an ECOWAS force would be or what form it would take. Security analysts and diplomats have also noted apparent divisions among Niger's armed forces, who may not all be united behind the coup.

Persons: Afolabi, Mohamed Bazoum, General Abdourahamane Tiani, Djiby Sow, Bazoum, Ikemesit Effiong, Effiong, Peter Pham, Edward McAllister, David Lewis, Emelia Sithole, Alexandra Zavis, Kevin Liffey Organizations: ECOWAS, REUTERS, Economic, West African States, Security, Institute for Security Studies, SPECIAL, SBM Intelligence, Nigerien, Atlantic Council, Thomson Locations: Denton, Banjul, Gambia, DAKAR, Niger, Guinea, Burkina Faso, Mali, Ivory Coast, Dakar, Nigeria, Niamey, U.S

☆ Focus: Key trade loophole keeps cheap Chinese products flowing to US
▼ + stars: | 2023-08-04 | by ( Katherine Masters | ) www.reuters.com time to read: +6 min

Data from U.S. Customs and Border Protection shows that de minimis shipments into the U.S. rose to 685.5 million in 2022, up nearly 67% over 2018. That equals roughly two to three million packages a day, Robert Silvers, Under Secretary for Policy at the Department of Homeland Security, told lawmakers in July. A bipartisan group of U.S. lawmakers in June introduced bills that would ban de minimis shipments from China upon enactment. Rival U.S. retailers also have grown increasingly concerned about the exemption as Shein and Temu have gained market share. In 2015, Congress raised the cap on de minimis shipments to $800 from $200, making the U.S. threshold one of the highest in the world.

Persons: Dado Ruvic, Shein, Peter Pernot, Robert Silvers, minimis, Jason Smith, Temu, Steve Story, They're, Erik Autor, Katherine Masters, Anna Driver Organizations: REUTERS, PDD Holdings, U.S, Reuters, American Apparel and Footwear Association, de, U.S . Customs, Border Protection, Department of Homeland Security, Republican, Columbia, Apex Logistics International, UPS, FedEx, Barlow & Company, Thomson Locations: China, U.S, Beijing, Mexico, Canada

☆ There's a lot to like in Apple's quarter, signaling shares have more to run than we thought
▼ + stars: | 2023-08-03 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Revenue in Apple's fiscal third quarter of $81.8 billion edged down 1% but edged out expectations of $81.69 billion. Gross margin was 44.5%, expanding 126 basis points from a year ago and coming in slightly above the 44.3% estimate. However, as we've noted before, the installed base represents the outlet for Apple's higher margin, recurring revenue Services business. Cash flow & capital allocation In its June quarter, Apple generated operating cash flow and free cash flow results that were well above what the Street was looking for. Guidance For the current September quarter, Apple expects year-over-year revenue performance to be similar to the June quarter, assuming no worsening macro outlook.

Persons: we've, Apple, we're, it's, Jim Cramer's, Jim Cramer, Jim, Jakub Porzycki Organizations: Apple, Services, Management, Greater, Apple Watch, CNBC, Nurphoto, Getty Locations: Greater China, Europe, Americas

REUTERS/Souleymane Ag Anara/File PhotoWASHINGTON, Aug 2 (Reuters) - The United States ordered the evacuation of some staff and families from its embassy in Niger after military officers seized power there, the State Department said on Wednesday, even as the mission will remain open and senior leadership will continue working from there. "The United States remains committed to our relationship with the people of Niger and to Nigerien democracy. The State Department is advising Americans not to travel to Niger. There are about 1,100 U.S. troops in Niger, where the U.S. military operates from two bases. Washington evacuated all government personnel from the U.S. embassy in Khartoum and suspended operations there due to the security risks.

Persons: Matthew Miller, Miller, Idrees Ali, Daphne Psaledakis, Eric Beech, Lisa Shumaker, Alistair Bell, Chris Reese Organizations: REUTERS, United, State Department, Department of State, U.S, Embassy, Department, The State Department, Islamic, ., Rapid Support Forces, Reuters Graphics Reuters, Thomson Locations: Niamey, Niger, United States, Nigerien, U.S, France, Germany, Italy, al Qaeda, Islamic State, Sudan, . Washington, Khartoum

Over the two trading days since, the market has tried to second-guess the pace at which the BOJ wants yields to move, while the BOJ has run special bond-buying operations to cap yields. "There is only a very, very small possibility of a sudden or very steep rise in JGB yields, because too many people want to buy the bonds. The maximum yield investors demanded was 0.6%, just 10 basis points (bps) above the previous policy cap. The promise of an extra 10-20 bps of JGB yield means 10-year JGBs hedged from dollars into yen can yield upwards of 6%. As per BOJ data, lifers and pension funds held roughly 26% of a 1,132 trillion yen ($7.93 trillion) JGB market at the end of 2019.

Persons: It's, we've, Ales Koutny, Rong Ren Goh, BOJ, Tomoya Masanao, Masanao, Rae Wee, Tom Westbrook, Harry Robertson, Alun John, Vidya Ranganathan, Himani Sarkar Organizations: Bank of Japan, JGBs, Vanguard Asset Management, Eastspring Investments, Foreigners, U.S, Nippon Life, Asia Pacific, Thomson Locations: SINGAPORE, TOKYO, United States, Europe, Singapore, JGBs, Belgian, Japan, PIMCO, Sydney, London

☆ Instant View: Fitch downgrades U.S. foreign currency ratings to 'AA+' from 'AAA'
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +9 min

The downgrade follows a debt ceiling agreement in June that came after months of political brinkmanship and ultimately lifted the government's $31.4 trillion debt ceiling. Unless they think that fiscal trajectory suggests risk of a default, which I don't think they say, I don't understand the reason for this." “So I don't think the reaction, it should surprise anyone in the markets because we've been through this before. JACK ABLIN, CHIEF INVESTMENT OFFICER, CRESSET WEALTH ADVISORS IN PALM BEACH, FLORIDA"I'm surprised, but I'm not surprised." "It's really the just the troubled negotiations that take place every time we have a debt ceiling or budget negotiation.

Persons: Thomas White, Fitch, STEVEN RICCHIUTO, ” WENDY EDELBERG, I'm, JASON WARE, Fiitch, MICHAEL O’ROURKE, “, ” BERNARD BAUMOHL, Poor’s, ” MICHAEL SCHULMAN, ANGELO KOURKAFAS, EDWARD JONES, ”, MICHAEL K, FARR, That’s, ” KEITH LERNER, ” “ It’s, ERIC WINOGRAD, ALLIANCEBERNSTEIN, QUINCY KROSBY, doesn't, JACK ABLIN, it's Organizations: REUTERS, United, AAA, USA, ., OF, HAMILTON PROJECT, BROOKINGS, WASHINGTON D.C, ALBION, Fitch, AA, PRINCETON, NEW, ST LOUIS, MILLER & WASHINGTON LLC, ADVISORY, Global Finance, Markets, Thomson Locations: United States, U.S, MIZUHO, WASHINGTON, CITY , UTAH, STAMFORD , CONNECTICUT, NEW JERSEY, ATLANTA, CHARLOTTE, NORTH CAROLINA, BEACH , FLORIDA

☆ With quarterly beat, Procter & Gamble flexes its ability to win in any economy
▼ + stars: | 2023-07-28 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Procter & Gamble (PG) showed once again its ability to raise prices on its many household staples without damaging sales volume — one of the key reasons to own this stock in an uncertain economic environment. The company also delivered organic growth in all product categories and across all geographies in which it operates. Foreign exchange was a 3 percentage point headwind not reflected in organic growth. At the company level, the team has now notched seven straight quarters of 5% or better organic sales growth. Notably, all 10 major product categories posted organic sales growth in the quarter, with five growing double digits.

Persons: Gillette —, it's, Jim Cramer's, Jim Cramer, Jim, Proctor, Tiffany Hagler Organizations: Procter, Gamble, Tide, Management, Enterprise, CNBC, Gamble Co, Geard, Bloomberg, Getty Locations: buybacks, U.S, China, Europe, America, Hastings, Hudson , New York

☆ Judge Rejects Hong Kong’s Bid to Ban Pro-Democracy Song From Internet
▼ + stars: | 2023-07-28 | by ( Tiffany May | More About Tiffany May | ) www.nytimes.com time to read: +1 min

The Hong Kong government was seeking a court injunction against the publication or distribution of “Glory to Hong Kong” with “seditious intention” on the internet or in other media. But Judge Anthony Chan denied the request, ruling that what the government wanted was too broad and effectively targeted everyone in Hong Kong. He wrote that the injunction could have had a “chilling effect” on free speech in Hong Kong. Numerous people in Hong Kong have been arrested or charged for playing the song in public under an expansive national security law that Beijing imposed on the territory in 2020. The injunction case has been closely watched in the Hong Kong business and tech communities.

Persons: Anthony Chan, ”, Judge Chan Organizations: Hong Locations: Hong Kong, Beijing, China

Elon Musk’s Unmatched Power in the Stars The tech billionaire has become the dominant power in satellite internet technology. Today, more than 4,500 Starlink satellites are in the skies, accounting for more than 50 percent of all active satellites. 53% of active satellites are Starlink.” The Starlink satellites are highlighted and are all operating in low-Earth orbit. How Starlink customers connect to the internet Starlink satellites orbit at much lower altitudes than traditional satellite internet services. “Everywhere on earth will have high bandwidth, low latency internet,” Mr. Musk predicted on the Joe Rogan podcast in 2020.

Persons: Elon Musk’s, Mark, Valeriy Zaluzhnyi, Elon Musk, Zaluzhnyi, General Zaluzhnyi, Musk, Musk’s, ”, Starlink’s, ” Mykhailo Fedorov, Mr, Biden, ” Dmitri Alperovitch, Sir Martin Sweeting, Sweeting, Mike Blake, Patrick Seitzer, Rafael Schmall, Joe Rogan, Jeff Bezos, Starlink, Russia —, Fedorov, —, Clodagh Kilcoyne, Nancy Pelosi, Colin H, Kahl, Lynsey Addario, messaged Mr, Lloyd Austin, Gregory C, Allen, we’ve, Mykhailo Podolyak, Volodymyr Zelensky, Jason Hsu, Hsu, “ Elon, Michael McCaul of, Tsai Ing, Tsai, Audrey Tang, Mariana Suarez, Thierry Breton, SpaceX, Chérif El, Amazon Organizations: Joint Chiefs of Staff, Ukraine’s Armed Forces, SpaceX, Tesla, Twitter, Mr, U.S . Defense Department, NASA, Senior Pentagon, The Defense Department, Starlink, European Union, Silverado, Accelerator, Surrey Satellite Technology, Reuters, Airbus, Earth, Getty, Satellite, University of Michigan, National Science Foundation, Rivals, Amazon, Origin, Viasat, Pentagon, CNN, The New York Times, U.S, Defense Department, Center for Strategic, International Studies, Elon, Harvard Kennedy School, Republican, House Foreign Affairs, OneWeb, Agence France, European, United Nations Locations: Ukraine, United States, Iran, Turkey, Japan, Starlink, Crimea, Russian, Starlinks, Europe, Taiwan, China, Beijing, British, Colorado, Cape Canaveral, Fla, —, California, Florida, Latin America, Africa, Nigeria, Mozambique, Rwanda, Ukrainian, Russia, Kreminna, Aspen, Colo, Kherson's, Kherson, Dnipro, Shanghai, Taipei, Michael McCaul of Texas, del, Uruguay, European Union

Risk factors usually flag uncertainties in how Chinese laws are interpreted and enforced as well as the government's "substantial oversight and influence" over businesses. Chinese regulators want those boilerplate disclosures dropped; if not, offshore listing applications could be denied approval. Trying to appease both American and Chinese regulators will get tougher. On Friday, Chinese regulators held a rare meeting with KKR (KKR.N), Blackstone (BX.N), Carlyle (CG.O) and others to ensure they can continue to invest in the country. China's new offshore listing rules came into effect on March 31.

Persons: Didi Global, underwriters Goldman Sachs, Morgan Stanley, JPMorgan Chase, Carlyle, Una Galani, Thomas Shum Organizations: Reuters, Global, U.S . Securities, Exchange Commission, underwriters, JPMorgan, KKR, Blackstone, Bloomberg, Communist Party, China Securities Regulatory Commission, SEC, Thomson Locations: HONG KONG, Beijing, Hong Kong, United States, New York, China

The names of the U.S. senator, the state senator and the state judge targeted were not disclosed. The disclosure by the Office of the Director of National Intelligence (ODNI) followed a secret court order reauthorizing the use of Section 702 - the part of the U.S. Foreign Intelligence Surveillance Act that allows the FBI to scour the vast troves of intelligence data for information that might be useful for its own investigations. Despite the missteps, the FBI was praised by the judge involved for doing "a better job" at curbing surveillance abuses. That skepticism only deepened when an earlier court order - declassified in May - revealed that the FBI had improperly searched for the foreign intelligence database more than a quarter million times over several years. Last year, an alleged Iranian agent was charged with trying to arrange the assassination of former U.S. National Security Adviser John Bolton.

Persons: Joe Biden's, Chris Wray, John Bolton, Raphael Satter, Matthew Lewis Organizations: FBI, U.S, National Intelligence, U.S . Foreign Intelligence, Federal Bureau of, National Security Agency, U.S . House, Microsoft, U.S . National Security, Thomson Locations: U.S, Taiwan, United States, Asia, Washington

☆ Foreign investment is ramping up amid the reshoring boom. Here are UBS’s top under-the-radar plays
▼ + stars: | 2023-07-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Foreign direct investment is also picking up. That investment is on top of the reshoring boom that is already underway , as U.S. companies return operations back home, partly to ensure the safety of supply chains. More than 101,000 jobs were created by reshoring and foreign direct investment in the first quarter alone, up 11% year over year, according to the Reshoring Initiative . While Eaton is Snyder's top pick on the reshoring theme, he highlighted several other underappreciated names that stand to gain as well. Overall, auto reshoring announcements grew 30% in the second half of 2022 from the year prior, according to UBS.

Persons: Chris Snyder, UBS's Snyder, he's, Snyder, Eaton, Dave Regnery, Regnery, — CNBC's Michael Bloom Organizations: World Trade Organization, UBS, Reshoring, Keysight Technologies, U.S, Trane Technologies Locations: U.S, United States, China, reshoring, Taiwan, Asia

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