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CNN —Tennis great Rafael Nadal has said he will make his long-awaited return from injury at the Brisbane International in January. “After a year away from competition, it’s time to come back,” Nadal said in a video posted on multiple social media platforms Friday. “It will be in Brisbane the first week of January.”Nadal last competed at the Australian Open in January. He is also widely expected to make a grand slam return at the Australian Open. In October, before Nadal had officially announced a comeback, tournament director and Tennis Australia CEO Craig Tiley stated that Nadal would be among the field at the 2024 edition of the competition.
Persons: Rafael Nadal, , ” Nadal, American Mackenzie McDonald, Nadal, Hannah Mckay, , Craig Tiley Organizations: CNN, Tennis, Brisbane International, American, Rome, McDonald, Tennis Australia, Nadal Locations: Brisbane, Madrid
Dollar eases as traders weigh rate cut prospects
  + stars: | 2023-12-01 | by ( )   time to read: +3 min
Data on Thursday showed U.S. consumer spending rose moderately in October, while the annual increase in inflation was the smallest in more than 2-1/2 years. "It remains to be seen if getting from 3% to 2% will be easy, or if inflation will remain sticky in 2024." Federal Reserve policymakers signaled on Thursday that the U.S. central bank's interest rate hikes are likely over, but left the door open to further monetary policy tightening should progress on inflation stall. Investor focus will now move to comments from Fed Chair Jerome Powell later on Friday, with traders likely to scrutinize every word to sketch out rate outlook. The Australian dollar rose 0.20% to $0.662, while the New Zealand dollar rose 0.37% to $0.618.
Persons: Ryan Brandham, Jerome Powell, Powell, Carol Kong, Sterling, Toshiro Muto Organizations: Risk, Commonwealth Bank of Australia, Bank of Japan, New Zealand Locations: North America, U.S, Europe
Even including the sale of Heathrow, this year is the slowest for airport transactions in the past decade, totalling $5.9 billion globally to date, according to Dealogic data. They have hired Mediobanca (MDBI.MI) and Credit Agricole (CAGR.PA) to find a buyer for a sale of their 49% stake in the company, the people said. Heathrow's sale valued the airport at 14.3 times EBITDA, according to JP Morgan analysis published on Wednesday. UK's Esken (ESKN.L), owner of regional Southend Airport, said in June it had started a process for the sale of the airport. On Thursday, Hungary's state-owned Corvinus and Vinci Airports notified the European Commission of a proposed joint takeover of Budapest's airport, according to a document posted on the EU website.
Persons: Andras Kranicz, GIP, Australia's Macquarie, Spain's, Ferrovial, Agata Lyznik, Mediobanca, Gianni, Origoni, Nico Torrisi, Morgan, UK's, France's Vinci, Vinci, Corvinus, Emma, Victoria Farr, Andres Gonzalez, Elisa Anzolin, Joanna Plucinska, Mathieu Rosemain, Anousha Sakoui, Elaine Hardcastle Organizations: LONDON, Heathrow, BNP, Global Infrastructure Partners, AGS Airports, Southampton, Australia's, International, ACI, Airports, Macquarie, Credit Agricole Assurance, 2i, Credit, SAC, Gatwick, Southend Airport, Global Infrastructure Fund, Vinci Airports, European Commission, EU, Thomson Locations: Edinburgh, Italy, FRANKFURT, Spanish, Europe, Aberdeen, Glasgow, Heathrow, France, Hungary's, Budapest's
A fence is seen in front of wind turbines that are part of the Infigen Energy Capital Wind Farm located on the hills surrounding Lake George, near the Australian capital city of Canberra, Australia February 21, 2018. Australia's electricity transmission network, batteries and sustainable aviation fuel are three areas where simplified planning, subsidised finance and other regulatory changes could catalyse investment, according to a report released by eight major pension funds. Changes could quickly unlock A$4 billion ($2.7 billion) worth of investment in batteries, the report said. Once passive managers who predominantly invested at home, Australian pension funds have become international heavyweights, managing A$2.4 trillion - the fourth largest pool of retirement savings by country globally. Australian pension fund Aware Super committed A$10 billion.
Persons: David Gray, Paul Schroder, David Neal, Lewis Jackson, Edwina Gibbs Organizations: Infigen, REUTERS, Rights, Labor, Thomson Locations: Lake George, Canberra, Australia, U.S, EU, Korea, Canada
The US Air Force is developing more dispersed bases to counter the threat posed by China's missiles. US engineers quickly began building what became the biggest and busiest air base of the war. "Air Force engineers are scheduled to remove the vegetation that have penetrated through the cracks and joints of the old pavement surfaces," Peden added. Money is allotted for work at Tindal air base — including $93 million to build a parking apron for six B-52 bombers — and Darwin air base, both of which are in Australia's Northern Territory. The Air Force is working with the rest of the military to address those challenges, Thomas Lawhead, acting deputy chief of staff for Air Force Futures, said at an event this month.
Persons: , Gen, Kenneth Wilsbach, Wilsbach, Lance Cpl, J, Gage, Capt, Gerald Peden, Peden, Jason Robertson, Cesar Basa, Michael S, Murphy, Frank Kendall, Kendall, Sgt, JT May III, Thomas Lawhead, Joseph P, Lawhead Organizations: US Air Force, China's, Service, Airport, US Pacific Air Forces, an Air and Space Forces Association, Field, International Airport, Commonwealth of, Marines, Air Force, Google, Air, Tinian's, US Marine Corps, KC, Pacific Air Forces, Tech, Northwest Field, Tindal, Pentagon, Air Force Futures, Army Locations: Tinian, SkyFi, Japan, Hiroshima, Nagasaki, West, Commonwealth, Northern Mariana Islands, Pacific, , Guam, Northern Territory, Philippines, Manila, Philippine, China, North Korea, Northern Mariana
Dollar drifts near three-month low, focus on inflation data
  + stars: | 2023-11-30 | by ( )   time to read: +3 min
The index is down 3.7% in November on growing expectations the Fed will cut interest rates in the first half of 2024. The dollar clawed back some of its losses on Wednesday after data showed the U.S. economy grew faster in the third quarter than initially reported. "Markets will continue to play to focus on what FOMC officials say about the prospect of the upcoming rate-hike cycle." Two of the best-performers are at the polar opposite ends of the "carry" spectrum — the New Zealand dollar and Japanese yen . On Thursday, yen strengthened 0.09% to 147.11 per dollar, remaining close to two and half month high of 146.675 per dollar it touched on Wednesday.
Persons: Carol Kong, Jerome Powell, Christopher Waller, Christopher Wong, Goldman Sachs, Sterling Organizations: Federal, Commonwealth Bank of Australia, New Zealand, Bank of Japan Locations: U.S
The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. The defaulted company has until a Hong Kong court hearing on Monday to present a "concrete" revised debt restructuring proposal for offshore creditors, a judge said last month after its original plan had lapsed. Guangzhou-based Evergrande, which defaulted on its offshore debt in late 2021, did not respond to a request for comment. Chinese authorities have announced a string of measures to revive the sector destabilised by the debt woes of giants like Evergrande and Country Garden (2007.HK). Reporting by Clare Jim and Xie Yu in Hong Kong, Scott Murdoch in Sydney; Editing by Sumeet Chatterjee and William MallardOur Standards: The Thomson Reuters Trust Principles.
Persons: Aly, Evergrande, Hui Ka Yan, Alvarez, Marsal, Clare Jim, Xie Yu, Scott Murdoch, Sumeet Chatterjee, William Mallard Organizations: China Evergrande Group, REUTERS, China Evergrande, HK, Hong Kong, Court, Reuters, Hong, Evergrande, Services, New Energy Vehicle Group, Marsal, Thomson Locations: China, Shenzhen, Guangdong province, HONG KONG, Hong Kong, China's, Guangzhou, Evergrande, Sydney
They would also investigate the company's affairs and could refer any suspected misconduct by directors to Hong Kong prosecutors. Evergrande could appeal a liquidation order, but the liquidation process would proceed pending appeal. China Oceanwide Holdings (0715.HK) suspended its shares in September after a Bermuda Court issued a liquidation order. So far over 53 billion yuan ($7.2 billion) of Evergrande's assets have been seized or frozen across China, local media have reported, citing court records. ($1 = 7.3170 Chinese yuan renminbi)Reporting by Clare Jim in Hong Kong and Scott Murdoch in Sydney; Editing by Sumeet Chatterjee, Lincoln Feast and William MallardOur Standards: The Thomson Reuters Trust Principles.
Persons: David Kirton, EVERGRANDE, Evergrande, Hui Ka Yan, Clare Jim, Scott Murdoch, Sumeet Chatterjee, Lincoln, William Mallard Organizations: China Evergrande, REUTERS, HK, China Oceanwide Holdings, Bermuda Court, Evergrande, Services, New Energy Vehicle Group, Thomson Locations: Shenzhen, Guangdong province, China, HONG KONG, Hong Kong, Guangzhou, Sydney
A New Zealand dollar coin sits atop a United States one dollar bill in this photo illustration taken on March 11, 2016. Consumer price growth in the 20 nations that share the euro currency dropped to 2.4% in November from 2.9% in October, well below expectations for a fall to 2.7%. The euro dropped as much as 0.5% against the dollar to $1.0910. The Japanese currency has firmed almost 3% against the dollar in November and is on course for its strongest month this year. Sterling was last at $1.2646, down 0.39% on the day, while the Australian dollar fell 0.1% to $0.6610.
Persons: David Gray, Matthew Landon, disinflation, Landon, ECB policymaker Fabio Panetta, Mohamad Al, Jerome Powell, Christopher Waller, Christopher Wong, Toyoaki Nakamura, Sterling, It's, Samuel Indyk, Ankur Banerjee, Vidya Ranganathan, Kim Coghill, Miral Fahmy, Susan Fenton Organizations: New Zealand, REUTERS, European Central Bank, Morgan Private Bank, ECB, ECB policymaker, Danske Bank, Bank of Japan, Thomson Locations: States, Europe, U.S, London, Singapore
[1/3] French Foreign Affairs Minister Catherine Colonna and French Defence Minister Sebastien Lecornu leave following the weekly cabinet meeting at the Elysee Palace in Paris, France, November 22, 2023. France, with overseas territories in the Pacific and Indian Ocean and 7,000 troops stationed there, considers itself an Indo-Pacific power. The loss of a major submarine deal with Australia in 2021 forced it rethink its strategy amid ongoing regional tensions with China in the disputed South China Sea. Underscoring those efforts, Defence Minister Sebastien Lecornu will host in the French overseas territory of New Caledonia between Dec. 4-8 the South Pacific Defence Ministers Meeting, the first time it has hosted the format since it was created in 2013. While it has diversified its ties across the Pacific, France has also worked on rebuilding its partnership with Australia.
Persons: Catherine Colonna, Sebastien Lecornu, Sarah Meyssonnier, Ferdinand Marcos, Karen Lerna, Sandra Maler Organizations: Foreign, French Defence, REUTERS, South Pacific, South Pacific Defence Ministers, South, Australia, Canberra, Thomson Locations: Paris, France, Philippines, Malaysia, Australia, PARIS, Pacific, Ocean, China, India, Indonesia, Japan, New Caledonia, Britain, United States, South Korea, Spain, Manila, South China, Kuala Lumpur
The Australian dollar held near a four-month peak while the New Zealand dollar scaled a roughly four-month top of $0.61495 in early Asia trade. Australian inflation data is due later in the day, followed by a rate decision from the Reserve Bank of New Zealand (RBNZ). The dollar index was eyeing a nearly 4% loss for November, its worst monthly performance in a year. "We have become less constructive on the prospects for the U.S. dollar, as progress in reducing U.S. inflation suggests the risks are tilted toward earlier rather than later Fed easing," said economists at Wells Fargo in a note. Sterling last bought $1.27105, hovering near the previous session's roughly three-month high of $1.2715.
Persons: Christopher Waller, Kyle Rodda, Sterling,'s Rodda, Rae Wee, Lincoln Organizations: Federal Reserve, New Zealand, Reserve Bank of New Zealand, Fed, U.S ., Reserve Bank of Australia, Thomson Locations: SINGAPORE, Asia, Wells
TOKYO (AP) — A U.S. military Osprey aircraft carrying eight people crashed Wednesday into the sea off southern Japan, and the Japanese coast guard is heading to the site for search and rescue operations, officials said. Details about what happened to the Osprey and to the people on board were not immediately known, coast guard spokesperson Kazuo Ogawa said. The coast guard received an emergency call from a fishing boat near the crash site off Yakushima, an island south of Kagoshima on the southern main island of Kyushu, he said. Political Cartoons View All 1270 ImagesA U.S. Marine Corps Osprey aircraft with 23 Marines aboard crashed on a north Australian island in August, killing at least three and critically injuring at least five during a multinational training exercise. There have been at least five fatal crashes of Marine Ospreys since 2012, causing a total of at least 19 deaths.
Persons: Kazuo Ogawa Organizations: TOKYO, , Osprey, U.S . Marine Corps, Navy, Air Force, . Marine Corps, Marines, Marine Ospreys Locations: U.S, Japan, Kagoshima, Kyushu, Iwakuni, Okinawa
Morning Bid: Vale Charlie Munger
  + stars: | 2023-11-29 | by ( )   time to read: +2 min
Vice-Chairman of Berkshire Hathaway Corporation Charlie Munger speaks to Reuters during an interview in Omaha, Nebraska May 3, 2013. The union of Munger and Warren Buffett is among the most successful in the history of business, transforming Berkshire Hathaway into a multi-billion dollar conglomerate. Often handy with a one-liner Munger summed up his fame in 2010: "I think part of the popularity of Berkshire Hathaway is that we look like people who have found a trick," he said. Two-year Treasury yields fell to a four-month low just below 4.70%. Ten-year Treasury yields hit a two-month low of 4.28%.
Persons: Charlie Munger, Lane, Tom Westbrook, Warren Buffett, Berkshire Hathaway, Munger, Christopher Waller, Waller's, China's stockmarkets, Sam Holmes Organizations: Berkshire Hathaway, Reuters, REUTERS, Investors, Swiss, greenback, Spanish CPI, Thomson Locations: Omaha , Nebraska, Munger, Berkshire, Asia, New, Spanish
For the month, CPI fell 0.3%, driven by declines in petrol, rent and holiday travel. A closely watched measure of core inflation, the trimmed mean, rose an annual 5.3% in October, easing from 5.4% the previous month. "It's hard to find bad news in Australia's October inflation print," said Harry Murphy Cruise, an economist at Moody’s Analytics. Prices for tradable goods fell 1.6% in October from a month earlier. It also left the door open to further tightening if necessary to meet its annual inflation target of 2-3%.
Persons: Daniel Munoz, Harry Murphy Cruise, Jonathan Kearns, Wayne Cole, Stella Qiu, Lincoln, Sam Holmes Organizations: REUTERS, Rights, U.S ., Australian Bureau, Statistics, Moody’s, Reserve Bank Board, Reserve Bank of Australia, Challenger, Thomson Locations: Australia
CNN —An Australian police officer has been charged with manslaughter after he tasered a 95-year-old woman with dementia in a nursing home. Clare Nowland, a great-grandmother, died in hospital a week after she was tasered at the home in May. A 33-year-old senior constable, Kristian White, is alleged to have tasered Nowland at the home after asking her to drop a steak knife she was holding. The other officer attempted to grab the knife, but Nowland is said to have moved towards them with her walker. Family friend Andrew Thaler said at the time that before the incident Nowland was frail and unable to stand unaided.
Persons: Clare Nowland, Kristian White, White, Nowland, “ Clare, Andrew Thaler Organizations: CNN, Police, New South Wales Police, Public Prosecutions, Monaro Police, Sky News Australia Locations: Cooma , New South Wales, New,
TOKYO (AP) — Japan plans to suspend its own Osprey flights after a U.S. Air Force Osprey based in Japan crashed into waters off the southern coast during a training mission, officials said Thursday. A U.S. Air Force Osprey based in Japan crashed during a training mission Wednesday off of the country’s southern coast, killing at least one of the eight crew members. The cause of the crash and the status of the seven others on board were not immediately known, Japanese coast guard spokesperson Kazuo Ogawa said. Coast guard aircraft and patrol boats found one male crew member, who was later pronounced dead by a doctor, Ogawa said. While the U.S. Marine Corps flies most of the Ospreys based in Japan, the Air Force also has some deployed there.
Persons: Taro Yamato, Kazuo Ogawa, Denny Tamaki, Ogawa, Hirokazu Matsuno, Hiroyuki Miyazawa, ___ Copp Organizations: TOKYO, U.S . Air Force, Ospreys, Defense Ministry, Gov, NHK, U.S . Air Force Special, Command, Yokota Air Base, 353rd, Operations, U.S . Marine Corps Air, Iwakuni, Kadena Air Base, Japanese, Defense, U.S . Forces Japan, Fifth Air Force, Yokota, U.S . Marine Corps, Air Force, Air Force Special Operations Command, Osprey, Marine Corps, Navy, Marine Corps Osprey, U.S . Marine, Marines Locations: Japan, Tokyo, U.S, Okinawa, Kagoshima, Kyushu, Coast, Yakushima, Yamaguchi prefecture, Australian, Washington
Chinese President Xi Jinping meets with Australian Prime Minister Anthony Albanese at the Great Hall of the People in Beijing, capital of China, Nov. 6, 2023. While trade compulsions have forced the Asia-Pacific nation to reach out to China, security concerns over Beijing's South China Sea claims have prevented a reset in ties. Trade talksPart of Beijing's calculus is rooted in Australia economic dependence on China. According to the Australian government, China is its largest trading partner, accounting for nearly a third of the country's total trade with the world. Australia is already closely watching potential flashpoints in the South China Sea, and in regard to Taiwan," Economist Intelligence Unit analysts said in a note.
Persons: Xi Jinping, Anthony Albanese, Ding Haitao, coronavirus, Darren Lim, Lee McLean, McLean, we've, Albanese, We've Organizations: Australian, of, People, Getty Images, Xinhua, Agency, Xinhua News Agency, Getty, Australian National University, Labor, Australia, U.S ., China Hub . Trade, CNBC, Sky News Australia, Economist Intelligence, U.S Locations: Beijing, China, Xinhua, Australia, Asia, Pacific, Canberra, U.S, South China, Taiwan, The Hague, Philippines
After three years of plentiful rain and rising livestock numbers, dry weather has withered pastures across Australia. The extreme change in conditions has helped trigger the fastest plunge in cattle and sheep prices in decades, threatening livelihoods in Australia's A$75 billion ($50 billion) red meat and livestock industry. While farmers suffer, falling livestock prices have brought some relief to Australian households hurting from high inflation. Falling U.S. beef production means demand for Australian beef should rise, helping support livestock prices, said Angus Gidley-Baird, an analyst at Rabobank in Sydney. Agricultural consultants Episode 3 estimate that Australian beef processors are reaping their best profits in at least two decades thanks to low local cattle prices and high sale prices in export markets.
Persons: Angus Hobson, Peter Hobson, Angus, Hobson, Stuart Austin, Wilmot, Angus Gidley, Baird, Teys, Mat Larkings, gaunt, haven't, they'll, Sonali Paul Organizations: Livestock, New, REUTERS, Beef, Livestock Australia, Woolworths, Data Monitor, Rabobank, Meat packers, Teys Australia, Farmers, Thomson Locations: Delegate, New South Wales, Australia, Angus Hobson's, Australia's, United States, El Nino, Japan, China, Sydney, Walcha
We can help show you where to watch Galatasaray vs. Man United for free online, though, wherever you are in the world. Unlike many other free Champions League live streams, this one will be broadcast in English via an Irish channel. If you're not in Ireland and want to watch Galatasaray vs. Man United for free online, you'll hit a geo-block when you try to watch. Then get stuck in and enjoy this free Champions League live stream. How to watch Galatasaray vs. Man United live stream with a VPNSign up for a VPN if you don't have one.
Persons: you'll, Harry Kane, Stan, Stan Sport, ExpressVPN, you've, Stan Sport's, You'll, we've Organizations: Devils, Champions League, Galatasaray, League, Real Madrid, Napoli, RTL Club, Bayern, Copenhagen, Rugby, Virgin Media, BT Sport, TNT Sport, BT, TNT, Discovery, Amazon, Amazon Prime, United, Champions, Stan Sport, Sport, country's Champions League, Paramount Plus, Paramount, CBS, Netflix, PayPal Locations: Ireland, Belgian, Europe, United, Irish, Australia, USA
Warning: This article contains disturbing descriptions about the practices of colonial settlers in Tasmania and violence against Tasmanian Aboriginal peoples. “In all, Allport shipped five Tasmanian Aboriginal skeletons to Europe, proudly identifying himself as the most prolific trader in Tasmanian bodily remains,” according to the study. The colonial government allowed settlers to murder Tasmanian Aboriginal people without punishment and, in 1830, even established a bounty for the capture of Indigenous humans and Tasmanian tigers, or thylacines. Some Aboriginal Tasmanian people did survive colonial persecution, Ashby added, though at brutal costs. Their descendants make up today’s Tasmanian Aboriginal community, Ashby said.
Persons: Jack Ashby, Morton Allport, Allport, Ashby, It’s, ” Ashby, Mortan Allport, , incentivized Allport, William Lanne, William Crowther, Crowther, Truganini, thylacines, “ We’re, Rebecca Kilner, ” Kilner Organizations: Tasmanian Aboriginal, CNN, Cambridge University’s Museum of Zoology, Tasmanian, Allport Library, Museum of Fine Arts, State, of, Royal Society of Tasmania, Royal Society, British Museum, University Museum of Zoology, Cambridge, University of Cambridge Grappling Locations: Tasmania, United Kingdom, Europe, Belgium, of Tasmania, Great Britain, London, Bass, , Brussels, Tasmanian, Cambridge
TORONTO (AP) — Canada's government said Wednesday it reached a deal with Google for the company to contribute $100 million Canadian dollars annually to the country's news industry to comply with a new Canadian law requiring tech companies to pay publishers for their content. The agreement removes a threat by Google to block the ability to search for Canadian news on Google in Canada. Canada in late June passed the Online News Act to require tech giants to pay publishers for linking to or otherwise repurposing their content online. Kent Walker, president of global affairs at Google and Alphabet, thanked the minister in a statement and said Google would continue sending valuable traffic to Canadian publishers. In 2021, it briefly blocked news from its platform in Australia after the country passed legislation that would compel tech companies to pay publishers for using their news stories.
Persons: , Justin Trudeau, Meta, ” Pascale, Onge, , Kent Walker, Canada’s, Trudeau Organizations: TORONTO, Google, Facebook, Meta, Canadian Locations: Canada, St, Australia
The New Zealand dollar was last up 1.1% at a four-month high of $0.6207, having blown past resistance. The U.S. dollar, meanwhile, slid to fresh multi-month lows on the euro, yen, sterling, the Australian dollar, yuan and Swiss franc. Overnight Fed Governor Christopher Waller - an influential and previously hawkish voice at the U.S. central bank - told the American Enterprise Institute that rate cuts could begin in a matter of months, provided inflation keeps falling. Fed funds futures rallied on the remark to price more than hundred basis points of cuts in 2024 and 40% chance they begin as soon as March. Two-year Treasury yields fell sharply and along with the dollar fell further still in Asia.
Persons: Christopher Waller, Governor Waller's, Tapas Strickland, Jerome Powell, Waller, CONDITIONALITY Waller's, Seng, Vishnu Varathan, Simon Cameron, Moore Organizations: New Zealand, Nikkei, U.S ., Swiss, U.S, American Enterprise Institute, Governor, National Australia Bank, Fed, HK, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, Hong Kong, Sydney, China, Meituan, Zealand, Singapore
The dollar index , which measures its value against six major currencies, fell as far as 102.89, the lowest since Aug. 31. The index is on track for a loss of more than 3% in November, its worst performance since November 2022. The Conference Board said its consumer confidence index increased to 102.0 this month from a downwardly revised 99.1 in October. In other currencies, the euro rose to a 3-1/2-month peak of $1.0985 . The dollar fell 0.2% to 148.33 yen , with the Japanese currency continuing its recovery from the brink of 152 per dollar earlier in the month.
Persons: Dado Ruvic, Sterling, Karl Schamotta, underscoring, Gertrude Chavez, Dreyfuss, Alun John, Brigid Riley, Ed Osmond, Mark Potter, Kevin Liffey Organizations: REUTERS, U.S, Federal Reserve, Board, Federal Housing Finance Agency, Traders, Australian, New Zealand, Reserve Bank of New, Thomson Locations: Swiss, U.S, Toronto, OPEC, Reserve Bank of New Zealand, New York, London, Tokyo
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsTOKYO/LONDON, Nov 28 (Reuters) - The U.S. dollar hit a three-month low against a basket of peers on Tuesday before steadying, as traders continued to unwind long dollar positions before this week's U.S. and euro zone inflation data. The dollar index , a measure of the greenback against six major currencies, was last at 103.17, a whisker above the 103.07 it touched in Asia trade, the lowest since Aug. 31. The index is on track for a loss of more than 3% in November, its worst performance in a year. The Japanese yen was a touch firmer at 148.45 per dollar , continuing its recovery from the brink of 152 per dollar earlier in the month as the dollar weakened. The Swiss franc was at 0.8810 per dollar, steady on the day, also around its firmest since the start of September, and the Australian dollar briefly touched a near four-month high of $0.6632.
Persons: Dado Ruvic, Simon Harvey, Brigid Riley, Alun John, Ed Osmond, Mark Potter Organizations: REUTERS, Rights, U.S, greenback . U.S, Fed, Reuters, Swiss, Australian, Reserve Bank of New, Thomson Locations: LONDON, steadying, U.S, Asia, OPEC, Reserve Bank of New Zealand
The platform, whose app provides services such as bike-sharing, ticket-booking and maps, reported June-September revenue of 76.47 billion yuan ($10.69 billion), versus 62.62 billion yuan in the same period a year earlier. Meituan posted a profit of 3.59 billion yuan versus profit of 1.22 billion yuan a year earlier. Meituan CEO Wang Xing previously flagged a tougher third quarter for the food delivery business due to macroeconomic headwinds. A Meituan delivery worker rides a scooter carrying vegetables on a snowy day in Beijing, China January 19, 2021. REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsQuarterly revenue from core local commerce, which includes food delivery as well as non-food delivery service Meituan Instashopping, rose 24.5% to 57.69 billion yuan.
Persons: Meituan, LSEG, Wang Xing, Tingshu Wang,, ChinaIRN, John Choi, Wang Huiwen, ChatGPT, Casey Hall, Christopher Cushing, Edmund Klamann Organizations: HK, REUTERS, Alibaba Group, Meituan, Microsoft, Thomson Locations: SHANGHAI, Beijing, China, Hong Kong, Southeast Asia
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