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WARSAW, July 2 (Reuters) - Poland will send 500 police officers to its border with Belarus, Minister of Interior Mariusz Kaminski said on Sunday. The Polish Border Guard on Sunday said that 187 people tried to cross into Poland from Belarus illegally on Saturday. "Due to the tense situation on the border with Belarus I have decided to bolster our forces with 500 Polish police officers from preventive and counter-terrorism units," Kaminski wrote on Twitter. "They will join 5,000 border guards and 2,000 soldiers guarding the security of this border." Reporting by Karol Badohal Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.
Persons: Mariusz Kaminski, Kaminski, Karol Badohal, David Goodman Organizations: WARSAW, Polish Border Guard, Twitter, Thomson Locations: Poland, Belarus
Germany's Scholz watching France unrest with concern
  + stars: | 2023-07-02 | by ( ) www.reuters.com   time to read: 1 min
BERLIN, July 2 (Reuters) - Chancellor Olaf Scholz said on Sunday that Germany was watching the unrest in France "with concern". French President Emmanuel Macron postponed a state visit to Germany that was set to begin Sunday because of turmoil on French streets in the wake of the police shooting of a teenager of North African descent. Scholz, in an interview with Germany's ARD television, said that, while watching with concern, he was confident that Macron would successfully calm the situation. "I don't expect that France will become unstable, even if the images of course are very distressing," he said. Reporting by Andreas Rinke and Tom Sims Editing by David Goodman and Editing by Kevin LiffeyOur Standards: The Thomson Reuters Trust Principles.
Persons: Olaf Scholz, Emmanuel Macron, Scholz, Macron, Andreas Rinke, Tom Sims, David Goodman, Kevin Liffey Organizations: Germany's ARD, Thomson Locations: BERLIN, Germany, France, North
Muslim group says measures needed to prevent Koran desecration
  + stars: | 2023-07-02 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Thaier Al-SudaniCAIRO, July 2 (Reuters) - An Islamic grouping of 57 states said on Sunday collective measures are needed to prevent acts of desecration to the Koran and international law should be used to stop religious hatred after the holy book was burned in a protest in Sweden. A man tore up and burned a Koran outside Stockholm's central mosque on Wednesday, the first day of the Muslim Eid al-Adha holidays. But after the burning, police charged the man who carried it out with agitation against an ethnic or national group. The incident has triggered large protests in Baghdad in front of the Swedish Embassy. Turkey in late January suspended talks with Sweden on its NATO application after a Danish far-right politician burned a copy of the Koran near the Turkish embassy in Stockholm.
Persons: Thaier, Sudani, Hissein Brahim Taha, Omar Abdel Razek, Adam Makary, Lisa Barrington, David Goodman, Alison Williams Organizations: REUTERS, of Islamic Cooperation, NATO, Swedish Embassy, Thomson Locations: Swedish, Stockholm, Baghdad, Iraq, Sudani CAIRO, Sweden, Saudi Arabia's Jeddah, Turkey, United States, Danish, Turkish
Researchers watching the new abortion bans around the country have expected a resultant rise in births, but perhaps not one so large. “The inference I’m less comfortable making at this point is that all of those excess births are because of S.B. “This pattern was unique to Texas,” said Alison Gemmill, a professor at Johns Hopkins Bloomberg School of Public Health and one of the researchers on the study. 8 abortion law went into effect. Quantifying the effect of abortion bans has been difficult for researchers because of a lag in obtaining detailed data about births.
Persons: , Caitlin Myers, It’s, , Alison Gemmill Organizations: Middlebury College, American Medical Association, Johns Hopkins Bloomberg School of Public Health, D.C Locations: Texas, Washington
On the third day of 100-degree temperatures last week, locked without air-conditioning in a Texas prison north of Houston, Joseph Martire said he began to feel overwhelmed. An inmate for nearly 16 years, Mr. Martire was expecting to be released in a few weeks. But it was so hot that day, he recalled, that he wondered if he would make it that long. “They kept me there for two hours, drinking ice water, salt water, taking my temperature, making sure I was still alive,” he said. The weekslong June heat wave scorching Texas has been particularly brutal and dangerous inside the state’s sprawling prison system, where a majority of those incarcerated, and the guards who watch over them, have been struggling without air-conditioning.
Persons: Joseph Martire, Martire, ” Mr, Locations: Texas, Houston
As the heat index hit 115 degrees on Monday, Karla Perez took a five-minute water break at a construction site in Dallas. Such rest breaks are required by the city, as they are in Austin. But a change in Texas state law, which goes into effect in September, will wipe away those local requirements, leaving workers like Ms. Perez to count on their employers to provide time to rest and rehydrate. Right now, she gets three breaks a day. It is expected to nullify regulations such as those dealing with payday lending, puppy mills, certain sanitation requirements and other practices.
Persons: Karla Perez, Perez, , Organizations: “ Workers, Republican, Legislature, Democratic Locations: Dallas, Austin, Texas
Oanda analyst Craig Erlam said prices were mainly at the mercy of "the ever-changing expectations for interest rates". European Central Bank President Christine Lagarde said on Tuesday that stubbornly high inflation will require the bank to avoid declaring an end to rate hikes. Higher interest rates can weigh on economic activity and oil demand. But the upbeat data suggested the Federal Reserve will likely have to continue raising interest rates to slow demand in the overall economy. The U.S. central bank, which has raised its policy rate by 500 basis points since March 2022, signaled this month that two additional rate hikes were warranted this year.
Persons: Brent, Craig Erlam, Christine Lagarde, Phil Flynn, Wagner, PVM's Tamas Varga, Saudi Arabia's, Li Qiang, Stephanie Kelly, Shadia Nasralla, Trixie Yap, Jan Harvey, David Goodman, Ed Osmond, Deepa Babington, Mark Heinrich Our Organizations: Brent, . West Texas, European Central Bank, Price Futures, Reserve, American Petroleum Institute, Reuters, Saudi, Thomson Locations: contango, Europe, United States, U.S, Russia, China
MUMBAI, June 27 (Reuters) - India's current account deficit narrowed sharply in the January to March quarter, helped by a smaller trade gap and increased services exports, the Reserve Bank of India (RBI) said on Wednesday. The current account deficit (CAD) (INCURA=ECI) stood at $1.3 billion, or 0.2% of gross domestic product (GDP), in the fourth quarter of the 2022/23 fiscal year, compared with the previous quarter's revised deficit of $16.8 billion, or 2% of GDP. The deficit had stood at $13.4 billion in the same period a year earlier, the data showed. Forecasts ranged widely, from a deficit of $5 billion to a surplus of $7.8 billion. For the 2022/23 fiscal year the current account balance showed a deficit of 2% of GDP versus a deficit of 1.2% in the preceding financial year as the trade deficit widened to $265.3 billion from $189.5 billion a year earlier.
Persons: Aditi Gupta, Baroda's Gupta, Siddhi Nayak, Sudipto Ganguly, Clarence Fernandez, David Goodman Organizations: Reserve Bank of India, Reuters Graphics, Baroda, Bank, Baroda's, Thomson Locations: MUMBAI
Spot gold held its ground at $1,923.09 per ounce by 1200 GMT while U.S. gold futures edged down 0.1% to $1,932.90. The dollar index (.DXY) eased slightly, making dollar-priced bullion more attractive for overseas buyers. Meanwhile, Julius Baer analyst Carsten Menke said that high interest rates are offering other alternatives than gold to safe-haven seekers. Spot silver rose 0.5% to $22.88 an ounce and was on track for a third straight session of gains. Reporting by Arundhati Sarkar and Seher Dareen in Bengaluru Editing by Christina Fincher, David Goodman and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
Persons: Han Tan, Jerome Powell's, Julius Baer, Carsten Menke, Arundhati Sarkar, Seher, Christina Fincher, David Goodman, Louise Heavens Organizations: Federal, Fed, European Central Bank, Thomson Locations: U.S, United States, Sintra, Bengaluru
U.S. West Texas Intermediate crude (WTI) was up 44 cents, or 0.6%, at $69.44. However, the challenge has raised questions about President Vladimir Putin's grip on power and concerns about possible disruption of Russian oil supply. Consultancy Rystad Energy said in a note late on Sunday that it did not expect to see a significant increase in oil prices as a result of the "short-lived event". Goldman Sachs analysts said markets could price a moderately higher probability of domestic volatility in Russia leading to supply disruptions. "China's economic growth has been a nightmare for commodity markets, particularly in oil and industrial metals," CMC Markets analyst Tina Teng said in a note.
Persons: Brent, Wagner, Vladimir Putin's, Rystad, Helima Croft, Putin, Goldman Sachs, Tina Teng, Florence Tan, Jamie Freed, David Goodman Organizations: SINGAPORE, . West Texas, Consultancy Rystad Energy, RBC Capital Markets, White, U.S . Federal, CMC, Thomson Locations: Moscow, Russian, Russia, Rostov, U.S
June 26 (Reuters) - Embattled cinema chain operator Cineworld Group (CINE.L) on Monday said it will file for administration in Britain and suspend trading on the London Stock Exchange next month, as part of a restructuring plan to reduce its massive debt. The proposed restructuring will involve the release of about $4.53 billion of the group's debt, a rights offering to raise gross proceeds of $800 million and the provision of $1.46 billion in new debt financing, Cineworld said. It opted for a restructuring plan that effectively wipes out existing shareholders' equity. The company continues to expect to emerge from Chapter 11 bankruptcy protection in July, having said in May that its proposed debt restructuring had the backing of most of its lenders. However, the restructuring plan would still not provide for any recovery for its existing shareholders, Cineworld added.
Persons: Cineworld, Eva Mathews, Dhanya Ann Thoppil, David Goodman, Emelia Organizations: Cineworld, London Stock Exchange, U.S, Regal, Cinema, Thomson Locations: Britain, British, United States, Cinema City, Europe, United Kingdom, Republic of Ireland, Bengaluru
Oil markets shrug off Russian political turmoil
  + stars: | 2023-06-26 | by ( Noah Browning | ) www.reuters.com   time to read: +2 min
Brent crude futures were up 38 cents, or 0.5%, at $74.23 a barrel by 1040 GMT. U.S. West Texas Intermediate crude (WTI) was up 28 cents, or 0.4%, at $69.44. A clash between Moscow and Russian mercenary group Wagner was averted on Saturday after the heavily armed mercenaries withdrew from the southern Russian city of Rostov under a deal that halted their rapid advance on the capital. However, the challenge has raised questions about President Vladimir Putin's grip on power and some concern about possible disruption of Russian oil supply. "China's economic growth has been a nightmare for commodity markets, particularly in oil and industrial metals," CMC Markets analyst Tina Teng said in a note.
Persons: Brent, Wagner, Vladimir Putin's, Vandana Hari, Goldman Sachs, Tina Teng, Noah Browning, Florence Tan, David Goodman Organizations: . West Texas, Vanda Insights, U.S . Federal, CMC, Thomson Locations: Moscow, Russian, Rostov, Russia, U.S
Lithium miner Premier's shares slide on Zimbabwe force majeure
  + stars: | 2023-06-26 | by ( ) www.reuters.com   time to read: +2 min
HARARE, June 26 (Reuters) - Shares in Premier African Minerals (PREM.L) plunged 40% on Monday after the company declared force majeure at its Zimbabwe lithium mine, citing a defect at its processing plant. Premier said it issued a force majeure notice to Canmax on June 25 because milling problems at its recently completed plant had affected production plans. "The company is unable to deliver product within the stipulated dates as set out in the agreement," Premier said. Triggering a force majeure clause in contracts allows certain terms of an otherwise legally binding agreement to be ignored because of unavoidable circumstances. However, in the context of the current stage of discussions with Canmax in respect of the amended agreement, Premier will now engage with these other interested parties," it said.
Persons: majeure, Canmax, Nelson Banya, David Goodman Organizations: African Minerals, China's, Premier, Canmax, Thomson Locations: HARARE, Zimbabwe, Canmax, China, Europe
June 25 (Reuters) - Russian state television on Sunday showed Russian President Vladimir Putin expressing confidence in plans for Ukraine in an interview that appeared to have been recorded before Saturday's aborted revolt by the Wagner group of mercenaries. "This also applies to the country's defence, it applies to the special military operation, it applies to the economy as a whole and its individual areas." The comments in an interview with Kremlin correspondent Pavel Zarubin were broadcast by Rossiya state television. The short report did not mention Saturday's revolt, in which Wagner mercenaries took a southern city before heading toward Moscow. Asked in the interview how much time he dedicates to what Russia calls its special military operation, Putin said: "Of course, this is paramount, every day starts and ends with this."
Persons: Vladimir Putin, Saturday's, Wagner, Putin, Pavel Zarubin, Zarubin, Yevgeny Prigozhin, Alexander Marrow, Maxim Rodionov, Conor Humphries, David Goodman, Frances Kerry Organizations: Kremlin, Defence Ministry, Russia, Thomson Locations: Ukraine, Moscow
[1/2] Police officers work at the scene after a roller coaster accident took place at an amusement park, according to the police, in Stockholm, Sweden, June 25, 2023. Claudio Bresciani/TT News Agency/via REUTERSSTOCKHOLM, June 25 (Reuters) - One person was killed and several injured in a roller coaster accident at the Grona Lund amusement park in the Swedish capital on Sunday, the TT news agency reported, citing a park spokesperson. Public broadcaster SVT, citing eyewitnesses, said the park's Jetline roller coaster had partly derailed during a ride. "My husband saw a roller coaster car with people in it falling to the ground," Lagerstedt said. The steel-tracked Jetline roller coaster reaches a speed of up to 90 kilometres per hour (56 mph) and a height of 30 metres (98 feet), transporting more than one million visitors each year, the amusement park says on its website.
Persons: Claudio Bresciani, we've, Grona Lund, Jenny Lagerstedt, Lagerstedt, Marie, Terje Solsvik, David Goodman, Frances Kerry, Giles Elgood Organizations: Police, TT, Agency, REUTERS, Public, SVT, Marie Mannes, Thomson Locations: Stockholm, Sweden, REUTERS STOCKHOLM, Lund
Israel reboots fiercely opposed judicial campaign
  + stars: | 2023-06-25 | by ( Maayan Lubell | ) www.reuters.com   time to read: +2 min
[1/2] An aerial view shows protesters holding banners as they demonstrate against Israeli Prime Minister Benjamin Netanyahu and his nationalist coalition government's judicial overhaul, in Tel Aviv, Israel June 24, 2023. REUTERS/Oren AlonJERUSALEM, June 25 (Reuters) - Israeli lawmakers on Sunday began debating a bill that would limit the Supreme Court's powers, rebooting a fiercely opposed judicial overhaul instigated by Prime Minister Benjamin Netanyahu's religious-nationalist coalition. Anti-government demonstrations had prompted Netanyahu to suspend his judicial drive in March to allow compromise talks with opposition parties. The proposed judicial overhaul has also stirred Western concern over Israel's democratic health and spooked investors. Reporting by Maayan Lubell Additional reporting by Dan Williams Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.
Persons: Benjamin Netanyahu, Oren Alon JERUSALEM, rebooting, Benjamin Netanyahu's, Netanyahu, Gilad Kariv, Yair Lapid, Maayan Lubell, Dan Williams, David Goodman Organizations: Israeli, REUTERS, Sunday, Coalition, Twitter, reining, Thomson Locations: Tel Aviv, Israel
[1/2] A Russian state flag flies over the Central Bank headquarters in Moscow, Russia May 7, 2023. REUTERS/Shamil Zhumatov/File PhotoJune 25 (Reuters) - The Moscow stock exchange, banks and financial institutions are expected to operate as usual on Monday, Russia's central bank said on Sunday, despite Moscow's mayor having declared it a non-working day when mercenary leader Yevgeny Prigozhin was leading his Wagner forces towards Moscow. "On June 26, trading and settlement on all Moscow Exchange markets will be conducted as usual, including all trading periods and instruments," Moscow Exchange (MOEX.MM) said in a statement. SPB Exchange, Russia's second-largest bourse, said it would also be operating as normal. The central bank said banks should ensure the continuous and smooth operation of Russia's financial markets.
Persons: Shamil Zhumatov, Yevgeny Prigozhin, Wagner, Sergei Sobyanin, Prigozhin, Moscow's, Alexander Marrow, Maxim, David Goodman, Jane Merriman Organizations: Central Bank, REUTERS, Moscow, Moscow Exchange, SPB, bourse, Thomson Locations: Russian, Moscow, Russia, Russia's, Belarus
Strafed by powerful storms and superheated by a dome of hot air, Texas has been enduring a dangerous early heat wave this week that has broken temperature records and strained the state’s independent power grid. But the lights and air conditioning have stayed on across the state, in large part because of an unlikely new reality in the nation’s premier oil and gas state: Texas is fast becoming a leader in solar power. The amount of solar energy generated in Texas has doubled since the start of last year. And it is set to roughly double again by the end of next year, according to data from the Electric Reliability Council of Texas. Already, the state rivals California in how much power it gets from commercial solar farms, which are sprouting across Texas at a rapid pace, from the baked-dry ranches of West Texas to the booming suburbs southwest of Houston.
Persons: ” Joshua Rhodes Organizations: Electric, of Texas, California, University of Texas Locations: Texas, West Texas, Houston, Austin
While noting that inflation remains very far from the Fed's target, Powell said it may make sense to move rates higher, at a more moderate pace. The pan-European STOXX 600 index (.STOXX) lost 0.50% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.37%. The Fed is "walking a tight rope between trying to tell people they are going to fight inflation as their No. The U.S. dollar index briefly rose following the release of Powell's testimony, but was last down slightly. The dollar index fell 0.458%, with the euro up 0.67% to $1.0989.
Persons: Brendan McDermid, Powell, Jerome Powell, Raphael Bostic, Rick Meckler, Brent, Caroline Valetkevitch, Medha Singh, Lawrence White, Wayne Cole, Jacqueline Wong, Lincoln, Alex Richardson, David Goodman, Richard Chang, Cynthia Osterman Organizations: New York Stock Exchange, REUTERS, U.S, Treasury, Capitol, Atlanta Federal Reserve, Yahoo Finance, Nasdaq, Dow Jones, Cherry Lane Investments, U.S . West Texas, Thomson Locations: New York City, U.S, New Vernon , New Jersey
The Fed's fight to lower inflation "has a long way to go" Powell said on Wednesday in testimony prepared for delivery to the House Financial Services Committee. Providing some support for prices earlier, analysts polled by Reuters said they expected U.S. crude oil and product inventories to have declined last week. However, an expanded poll now predicts a small build in crude oil stockpiles. Official U.S. oil inventory data from the American Petroleum Institute will be released later on Wednesday and the Energy Information Administration's report will follow on Thursday. Price gains were also capped as British inflation defied expectations of a slowdown, data showed on Wednesday.
Persons: Jerome Powell, Brent, Powell, Price, Craig Erlam, Shariq Khan, Rowena Edwards, Katya Golubkova, Trixie Yap, Emelia Sithole, David Goodman, Chris Reese Organizations: . West Texas, Financial Services Committee, Analysts, Reuters, American Petroleum Institute, Energy, Bank of England, OANDA, Thomson Locations: BENGALURU, U.S
[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 30, 2023. REUTERS/Brendan McDermidSummary U.S. stocks mostly lowerTreasury yields risePowell updates on U.S. rate outlook in testimonyNEW YORK, June 21 (Reuters) - Global stock indexes mostly fell and Treasury yields rose on Wednesday as Federal Reserve Chair Jerome Powell said the fight to lower inflation still has a "long way" to go. The pan-European STOXX 600 index (.STOXX) lost 0.47% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.35%. The U.S. dollar index initially rose following the release of Powell's testimony, but was last down slightly. Treasury yields rose on Powell's hawkish tone.
Persons: Brendan McDermid, Powell, Jerome Powell, Rick Meckler, Brent, Medha Singh, Lawrence White, Wayne Cole, Jacqueline Wong, Lincoln, Alex Richardson, David Goodman, Richard Chang Organizations: New York Stock Exchange, REUTERS, Treasury, Financial Services, Cherry Lane Investments, Nasdaq, Dow Jones, U.S, Thomson Locations: New York City, U.S, New Vernon , New Jersey
Housebuilders (.FTNMX402020) declined 3% at one point as the prospect of more rate increases raised fresh concerns about mortgage costs. The U.S. dollar was firmer ahead of Powell's congressional testimony, with the dollar index up 0.1% at 102.62. Minutes of the central bank's last meeting showed only one of nine board members suggested reconsidering its policy of keeping bond yields low, and even then suggested it was best to wait a while. Rising interest rates and higher bond yields have been a burden for gold, which was pinned at $1,934 an ounce , just above last week's three-month low of $1,924.99. The Brent benchmark edged down 4 cents to $75.86 a barrel while U.S. crude lost 3 cents to $71.16.
Persons: Toby, Powell, Jerome Powell, Tapas Strickland, Jerry del Missier, doggedly, Lawrence White, Wayne Cole, Jacqueline Wong, Lincoln, Alex Richardson, David Goodman Organizations: London Stock Exchange Group, REUTERS, . Federal, NAB, Nasdaq, Copper, BRITAIN Investors ramped, Bank of, U.S, Bank of Japan, Thomson Locations: City, London, Britain, Beijing, Asia, Pacific, Japan, Bank of England
HONG KONG, June 21 (Reuters) - UBS (UBSG.S) will start cutting Asia investment banking jobs at Credit Suisse next month, three people with knowledge of the matter said, as the banks move towards integrating businesses. In the Asia Pacific region, there will be significant reduction in Credit Suisse investment bankers covering Australia and China, where the two banks overlap most, two of the sources said. UBS is also looking to axe most of Credit Suisse's Asia consumer and retail and general industrial group coverage teams, the two sources said. Both UBS and Credit Suisse declined to comment. The bulk of Credit Suisse investment bankers in Southeast Asia have left, said one of the three sources and a fourth person with knowledge of the matter.
Persons: Kane Wu, Selena Li, Yantoultra Ngui, David Goodman Organizations: UBS, Credit Suisse, Credit, Former Credit Suisse, Thomson Locations: HONG KONG, Asia, Credit Suisse, Australia, China, Credit, South Korea, Thailand, Vietnam, India, Southeast Asia, Hong Kong, Singapore
NEW YORK, June 20 (Reuters) - Oil futures fell about 2% in choppy trading on Tuesday on forecasts for slower growth of oil demand in China, the world's second-biggest oil consumer, and disappointment with the size of cuts in China's key lending rates. "Oil traders may need to see a materialised strong economic rebound in China to improve their outlook on oil demand," said Tina Teng at CMC Markets in Auckland. Higher interest rates ultimately increase borrowing costs for consumers, which could reduce oil demand by slowing economic growth. A stronger dollar makes crude more expensive for holders of other currencies, which can reduce oil demand. On the supply side, Iran's crude exports and oil output have hit new highs this year despite U.S. sanctions.
Persons: Brent, Edward Moya, Tina Teng, Thomas Barkin, Scott DiSavino, Noah Browning, Katya Golubkova, Andrew Hayley, David Goodman, Matthew Lewis Organizations: YORK, . West Texas, CMC Markets, China, Administration, Customs, . Federal Reserve, Richmond Fed, U.S ., Organization of, Petroleum, Thomson Locations: China, U.S, Auckland, Russia, New York, London, Tokyo, Beijing
Spokespeople for Micron and the Indian government, including its technology ministry, did not respond to requests for comment. A senior Biden administration official said the White House was "encouraged" by the number of U.S. firms considering India investments. An Indian industry source familiar with Micron's approvals said the so-called Assembly Testing Marking and Packaging will be built in the city of Sanand. Micron could procure and package chip for clients at the plant, or other companies could send their chips for testing before shipping. The source added that Micron's India plant would boost Modi's vision of making India a semiconductor base but true success would require actual manufacturing.
Persons: Narendra Modi's, Modi, Biden, Aditya Kalra, Aftab Ahmed, Trevor Hunnicutt, Conor Humphries, David Goodman Organizations: chipmaker Micron, U.S, Micron, FedEx, MasterCard, House, White House, Reuters, Biden, United, U.S . Commerce Department, Thomson Locations: India, DELHI, WASHINGTON, Gujarat, China, Sanand
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