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☆ IMF says global economy 'limping along,' cuts growth forecast for China, euro area
▼ + stars: | 2023-10-10 | by ( Andrea Shalal | ) www.reuters.com time to read: +6 min

サマリー Global growth forecast unchanged at 3.0% in 2023Inflation dropping but 'not quite there yet'-IMF chief economistIMF raises U.S. forecast, cuts outlook for China, euro areaMARRAKECH, Morocco, Oct 10 (Reuters) - The International Monetary Fund on Tuesday cut its growth forecasts for China and the euro area and said overall global growth remained low and uneven despite what it called the "remarkable strength" of the U.S. economy. The IMF left its forecast for global real GDP growth in 2023 unchanged at 3.0% in its latest World Economic Outlook (WEO), but cut its 2024 forecast by 0.1 percentage point to 2.9% from its July forecast. "The global economy is showing resilience. "We see a global economy that is limping along and it's not quite sprinting yet." It left Japan's 2024 growth outlook unchanged at 1.0%.

Persons: Pierre, Olivier Gourinchas, Gourinchas, It's, it's, Andrea Shalal, Andrea Ricci Organizations: IMF, Monetary Fund, Economic, International Monetary Fund, World Bank, Reuters, Labor, U.S, autoworkers Locations: China, MARRAKECH, Morocco, U.S, Ukraine, Israel, Marrakech, United States, Japan

The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. Companies accounting for 40% of Chinese home sales - mostly private property developers - have defaulted on debt obligations since a liquidity crisis hit the sector in 2021, leaving many homes unfinished. The developer had been working towards announcing a restructure of its offshore debt, Chinese media reported on Monday. Country Garden faces another big test next week when its entire offshore debt could be deemed in default if it fails to pay a $15 million September coupon by Oct. 17. "The difficult situation shows that Chinese developers face severe liquidity pressure from weak home sales, and repayment to bondholders is still a lower priority," said Gary Ng, senior economist at Natixis Corporate and Investment Bank.

Persons: Aly, Houlihan Lokey, Sidley Austin, Morningstar, Jeff Zhang, Sandra Chow, CreditSight's, Gary Ng, Scott Murdoch, Xie Yu, Rishav Chatterjee, Rashmi Aich, Lincoln, Jamie Freed 私 Organizations: Shanghai Country Garden, REUTERS, Garden Holdings, HK, Hong Kong Stock Exchange, China International Capital Corporation, Asia, Natixis Corporate, Investment Bank Locations: Shanghai, China, HONG KONG, Hong Kong, Sydney, Bengaluru

☆ Origin Energy shares surge after regulator clears Brookfield's $9.8 bln bid
▼ + stars: | 2023-10-09 | by ( Scott Murdoch | トムソンロイター | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +4 min

Australian Super, the largest investor, raised its stake to 14% last month and called the shares undervalued. Perpetual, a major Australian fund manager and Origin shareholder, has pushed Brookfield and its partner, U.S. private equity firm EIG, to consider raising their offer to win Origin, according to local media reports. Origin shares jumped to A$9.19 in early trading, well above the A$8.91 per share price of the consortium bid lodged in March, on speculation a higher offer could be forthcoming. Under the consortium deal, Origin will be broken up into two businesses, with its energy markets arm including its electricity generation and electricity and gas retail businesses to be acquired by Brookfield. Brookfield would also be prohibited from selling more than 10% of either Origin or AusNet in the future to one party.

Persons: Dado Ruvic, Max Vickerson, I'm, Vickerson, Newmont, Gina Cass, Gottlieb, Brookfield, Scott Murdoch, Jamie Freed 私 Organizations: Brookfield, REUTERS, SYDNEY, Origin Energy, Brookfield Corp, Australian Competition, Consumer Commission, stockbroker Morgans, Perpetual, Newcrest Mining, Energy, ACCC, AusNet Services Locations: Australian, Brookfield, Australia, Victoria

☆ Russian and Iranian emigres find haven in old Armenian factory
▼ + stars: | 2023-10-09 | by ( Roman Churikov | ) www.reuters.com time to read: +4 min

Launched in 2022, the project is called Abastan - "shelter" in Armenian - and is open to participants and guests from around the world. Polina Ivanova, a co-founder of Abastan, said locals in the northern Armenian town of Tumanyan were at first bemused by the strangers in their midst. Arghavan Majd, a painter from Iran, said she found the atmosphere "more free" in Abastan and it was easier to make personal connections. Timofey Moskovkin, a Russian now working in a cafe funded by the charity, said local people in Tumanyan, a town of about 1,000 people, had treated him warmly. "We looked and saw the lights were on, it was beautiful, there was music and young people dancing," he said.

Persons: Polina Ivanova, Abastan, Majd, Mahsa Amini, Vladimir Putin, haven't, Danil, Timofey, Mark Trevelyan, Gareth Jones 私 Organizations: Armenia Locals, Reuters, Georgian Locations: Russia, Iran, Ukraine, Tumanyan, Armenia, Soviet, revitalise, Abastan, Russian, Perm, Ararat, Soviet Union

☆ Any new Armenia conflict would be France's fault, Azerbaijan's president says
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +2 min

[1/2] French Foreign and European Affairs Minister Catherine Colonna and Armenian Prime Minister Nikol Pashinyan attend a meeting in Yerevan, Armenia October 3, 2023. Azerbaijan's President Ilham Aliyev last week pulled out of an EU-brokered meeting with Armenian Prime Minister Nikol Pashinyan at which Brussels said it was standing by Armenia. President Ilham Aliyev said "that due to the well-known position of France, Azerbaijan did not participate in the meeting in Granada," the Azerbaijani presidential office said. She declined to elaborate on what sort of military aid was envisaged for Armenia under future supply contracts. The Azerbaijani president visited Georgia on Sunday and thanked Tbilisi for offering to mediate for a peace agreement between Azerbaijan and Armenia.

Persons: Catherine Colonna, Nikol Pashinyan, Hayk, Aliyev, Ilham Aliyev, Nikol, Charles Michel, Emmanuel Macron, Tigran Balayan, Guy Faulconbridge 私 Organizations: European Affairs, Armenian, REUTERS Acquire, Rights, European Union, European Council, Reuters Locations: Yerevan, Armenia, Photolure, Azerbaijan, Georgia, MOSCOW, European, South Caucasus, EU, Brussels, France, Granada, Baku, Nagorno, Karabakh, Tbilisi

Spot gold was up 0.6% at $1,831.09 per ounce by 1:41 p.m. EDT (1741 GMT) but on track for its second straight weekly loss, down 0.9% so far. Reuters GraphicsBenchmark Treasury yields headed for a weekly increase, denting the appeal of gold. The bounce in gold prices despite the strong jobs data indicates that selling pressure has been exhausted and there is covering of short positions, said Tai Wong, a New York-based independent metals trader. Spot silver gained 3.1% to $21.54 an ounce, platinum rose 2.6% to $876.73 and palladium firmed 1.8% to $1,161.72. All were on track for weekly losses.

Persons: サマリー, Tai Wong, Ole Hansen, Hansen, Ashitha Shivaprasad, Brijesh Patel, Rod Nickel, Kirsten Donovan 私たち Organizations: Graphics, U.S . Labor, Traders, Saxo Bank Locations: U.S, New York, Bengaluru

☆ Britain's Labour Party hails 'seismic' win in Scottish vote
▼ + stars: | 2023-10-06 | by ( Alistair Smout | ) www.reuters.com time to read: +3 min

People in Rutherglen and Hamilton West have sent a clear message – it is time for change. And it is clear they believe that this changed Labour Party can deliver it," Labour leader Keir Starmer said in a statement. John Curtice, Britain's most prominent pollster, said it was a "remarkable result" for the Labour party, which comes on the eve of its annual conference next week. "This is the kind of result that suggests that the Labour Party is potentially capable of winning seats again in Scotland," he told BBC News. "However, we will reflect on what we have to do to regain the trust of the people of Rutherglen & Hamilton West."

Persons: Rishi, Hamilton West, Keir Starmer, Margaret Ferrier, Michael Shanks, Katy Loudon, John Curtice, Ferrier, Humza Yousaf, Yousaf, Nicola Sturgeon, Alistair Smout, Jamie Freed, Michael Perry 私 Organizations: Labour, LONDON, Labour Party, Scottish Nationalist Party, Conservative Party, Hamilton, Hamilton West, BBC News, Scottish, COVID, Rutherglen & Hamilton, Rutherglen Locations: Scotland, Rutherglen, Glasgow, London's, Britain's, United Kingdom

Air France-KLM has tended to let airlines it invests in keep their operations and branding. With the process still in its infancy, Air France-KLM has a chance to make a pitch to TAP now off the back of SAS. LONG FIGHT AHEADThere are remaining challenges for Air France-KLM as it looks to clear regulatory hurdles with SAS, including approval from American and European policymakers. Europe's airline industry has a history of cultural and political barriers to smooth integration, even within Air France-KLM itself. Air France-KLM is a member of the rival SkyTeam alliance.

Persons: Paris Charles de, Charles Platiau, IAG, James Halstead, Jacob Gronholt, Pedersen, Tim Hepher, Matt Scuffham, Sharon Singleton 私 Organizations: Air France Boeing, Paris Charles, REUTERS, France, KLM, TAP, TAP Portugal, Lufthansa, LONDON, Air, Scandinavia's SAS, Ryanair, Wizz, Air France, IAG, Tuesday's SAS, SAS, Star Alliance, Reuters, Apollo Global Management, Union Locations: Paris, Paris Charles de Gaulle, Roissy, France, LISBON, Air France, Europe, Air, Danish, Swedish, Spanish, Portugal, Northern Europe, TAP's, Portuguese, U.S, Lisbon, Porto, Iberia, South America

サマリー企業 Fosse is one of the world's most performed playwrightsAuthor was among bookies' favourites to winFirst Norwegian to win literature prize since 1928STOCKHOLM, Oct 5 (Reuters) - Norwegian author and dramatist Jon Fosse won the 2023 Nobel Prize in Literature "for his innovative plays and prose which give voice to the unsayable," the award-giving body said on Thursday. The prize is awarded by the Swedish Academy and is worth 11 million Swedish crowns (about $1 million). Fosse is the fourth Norwegian to win the Nobel Prize for literature, but the first since 1928. Alongside the peace prize, literature has often drawn the most attention, and controversy, thrusting lesser known authors into the global spotlight as well as lifting book sales for well-established literary super stars. Over the years, the literature prize has also picked winners well beyond the novelist tradition, including playwrights, historians, philosophers and poets, even breaking new ground with the award to singer-songwriter Bob Dylan in 2016.

Persons: サマリー企業, bookies, Jon Fosse, Anders Olsson, " Olsson, Fosse, Claude Régy's, andre namnet, Academy's Olsson, Alfred Nobel, Bob Dylan, Simon Johnson, Niklas Pollard, Johan Ahlander, Terje Solsvik, Angus MacSwan 私 Organizations: Swedish Academy, Norwegian Salvation Army, NRK Locations: Norwegian, STOCKHOLM, Haugesund, Norway's, Paris, Denmark, Swedish, Stockholm, Oslo

☆ Fury to fight Usyk in Saudi for undisputed heavyweight title
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

[1/2] Boxing - WBC World Heavyweight Title - Tyson Fury v Derek Chisora - Tottenham Hotspur Stadium, London, Britain - December 3, 2022 Tyson Fury during his ring walk before his fight against Derek Chisora Action Images via Reuters/Andrew Couldridge/File Photo Acquire Licensing Rightsサマリー Fury and Usyk to fight in Saudi ArabiaDate yet to be announcedFight will create first undisputed champion since 1999Sept 29 (Reuters) - Tyson Fury and Oleksandr Usyk will fight for the world's undisputed heavyweight championship in Saudi Arabia at a date to be decided, organisers said on Friday. Britain's Fury is the WBC world champion while Ukrainian Usyk holds the WBA, WBO, IBF and IBO belts. "You can't run rabbit run anymore Usyk, you're getting it," Fury wrote on Instagram. Heavyweight boxing's last undisputed champion was Britain's Lennox Lewis in 1999. Reporting by Rohith Nair in Bengaluru/Alan Baldwin in London Editing by Toby Davis and Christian Radnedge私たちの行動規範：トムソン・ロイター「信頼の原則」

Persons: Tyson Fury, Derek Chisora, Andrew Couldridge, Usyk, Oleksandr Usyk, Britain's, Ukrainian Usyk, Fury, Britain's Lennox Lewis, Turki Alalshikh, Rohith Nair, Alan Baldwin, Toby Davis, Christian Radnedge Organizations: WBC, Tottenham Hotspur, Ukrainian, WBA, WBO, IBF, IBO, Queensbury Promotions, Riyadh's, Saudi Arabia's General Entertainment Authority Locations: London, Britain, Saudi Arabia, Riyadh, Bengaluru

☆ EU talks migration as Italy, Germany worry over increased arrivals
▼ + stars: | 2023-09-28 | by ( Gabriela Baczynska | ) www.reuters.com time to read: +3 min

[1/2] An Italian Coast Guard vessel carrying migrants rescued at sea passes near a tourist boat, on the Sicilian island of Lampedusa, Italy, September 18, 2023. REUTERS/Yara Nardi Acquire Licensing Rightsサマリー Higher arrivals, looming elections put migration high on agendaFocus on whether Berlin backs proposed new EU 'crisis mechanism'Some propose Egypt for next migration deal after TunisiaBRUSSELS, Sept 28 (Reuters) - The European Union's migration ministers meet in Brussels on Thursday to discuss how to handle migrants arriving by sea as Italy and Germany worry over increased immigration, with Berlin launching border controls inside Europe's zone of open travel. "There is a lot of unrest in (the) direct neighbourhood of Europe," said one senior EU diplomat. The EU has been pushing tougher anti-immigration policies since more than a million people reached its southern shores in 2015, catching the bloc by surprise and overwhelming security and reception capacities in countries including Italy. The 27-member governments have since struggled to modernise their shared asylum and migration rules - including the "crisis mechanism" - especially as they want to look in control for their voters ahead of a pan-EU parliamentary election in 2024.

Persons: Yara, Giorgia Meloni, Nancy Faeser, Faeser, Gabriela Baczynska, Emelia Sithole Organizations: Italian Coast Guard, REUTERS, Berlin, Italy's, EU Locations: Lampedusa, Italy, Egypt, Tunisia BRUSSELS, Brussels, Germany, Berlin, Tunisia, Europe, EU, Poland, Czech Republic, Bavaria, East, Africa, Asia

Temasek said it does not comment on market speculation, while Mubadala declined to comment. The Singapore state investment firm's talks with Mubadala, which manages $276 billion globally, are at an early stage, said the first of the sources. And Mubadala is "bullish on India (and) wants to double down on investments," the source added. Temasek intends to retain its majority stake in Manipal by continuing to be the largest and majority shareholder with a stake of more than 50%, said the third source. India's private healthcare space, worth about $48 billion, is forecast by PwC to grow 12% to 14% a year.

Persons: サマリー, Mubadala, Temasek, Mukesh, Tata Power's, Khaled Abdulla Al Qubaisi, Sriram, Hadeel Al Sayegh, Aditya Kalra, Clarence Fernandez 私たち Organizations: Temasek, Manipal, fund's, Singapore's Temasek, Mubadala, Tata, Economic Times, Cleveland Clinic Locations: Manipal, Middle, MUMBAI, DUBAI, SINGAPORE, India's Manipal, Abu Dhabi, India, Temasek, Singapore, Bengaluru, Mubadala, Asia, U.S

☆ H&M blames warm weather for September sales slide
▼ + stars: | 2023-09-27 | by ( Helen Reid | トムソンロイター | London-Based Reporter Covering The European Retail Sector Through A Global Lens. Focusing On Companies Including Adidas | ) www.reuters.com time to read: +3 min

H&M, whose biggest rival is Zara owner Inditex (ITX.MC), said September sales would be down 10% year-on-year measured in local currencies. That compares with Inditex reporting sales between Aug. 1 and Sept. 11 that were up 14%. Operating profit in the Swedish group's third quarter jumped to 4.74 billion crowns ($431 million) from a year-earlier 902 million. The year-ago figure included a one-off cost of 2.1 billion crowns for the group's exit from Russia, which also accounted for four percentage points of the 10% September sales decline. H&M announced a share buyback programme starting on Wednesday, planning to buy back up to 3 billion crowns of stock by March 31 next year.

Persons: サマリー, Inditex, Vera Diehl, Nicolas Champ, LSEG, Richard Chamberlain, Anna Ringstrom, Helen Reid, Jan Harvey, Mark Potter Organizations: Union Investment, Barclays, RBC, HK, Tmall Locations: STOCKHOLM, Zara, Swedish, Russia, JD.com, China's Xinjiang, Alibaba's

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