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☆ Goals flow as Asia's top nations make winning start to World Cup qualifying
▼ + stars: | 2023-11-16 | by ( Michael Church | ) www.reuters.com time to read: +2 min

Doan scored the fifth four minutes from time with a cool finish as the Japanese made light work of their visitors. Australia were also untroubled as they completed a 7-0 demolition of Bangladesh in Group I with Jamie Maclaren stepping off the bench to score a second half hat-trick. Maclaren did all the damage in the second half, scoring from a Jordan Bos cross shortly after the restart before pouncing again in the 70th when a Massimo Luongo shot pinged off goalkeeper Mitul Marma. The South Koreans, meanwhile, scored four times in the second half to hand Singapore a 5-0 defeat at Seoul World Cup Stadium, with captain Son Heung-min among the scorers. Cho Gue-sung put Juergen Klinsmann's team in front a minute before the halftime break and Hwang Hee-chan added the second four minutes into the second half.

Persons: Japan's Ayase Ueda, Hajime Moriyasu, Ueda, Takumi Minamino's lofted, Daichi Kamada, dink, Doan, Jamie Maclaren, Mitchell Duke, Harry Souttar, Brandon Borrello, Duke, Maclaren, Jordan Bos, pouncing, Massimo Luongo, pinged, Mitul Marma, Lewis Miller, Son Heung, Cho Gue, Juergen, Hwang Hee, Hwang Ui, Lee Kang, Michael Church, Ian Ransom, Ken Ferris Organizations: Myanmar, Suita, 183rd, Melbourne, South, Seoul, Thomson Locations: OSAKA, Japan, South Korea, Australia, Syria, Jeddah, Osaka, Myanmar, Bangladesh, Singapore, Korea

☆ Australia kick off 2026 qualifying with 7-0 rout of Bangladesh
▼ + stars: | 2023-11-16 | by ( Ian Ransom | ) www.reuters.com time to read: +3 min

MELBOURNE, Nov 16 (Reuters) - Australia kicked off Asia's second round of World Cup qualifying with a 7-0 demolition of Bangladesh on Thursday as Graham Arnold celebrated a record 59th 'A' international as Socceroos coach. "Overall it was a good performance but I think we still need to be a bit more ruthless in front of goal," Arnold told reporters. Australia face Palestine in Kuwait next week, their next step on the road to the 2026 finals in North America. Thursday's match also marked the 50th anniversary of Australia sealing qualification for the 1974 World Cup, the nation's first appearance at the global showpiece. Australia are bidding to qualify for the World Cup for the seventh time, and sixth time in succession, having reached the round of 16 at last year's tournament in Qatar.

Persons: Graham Arnold, Jamie Maclaren, Mitchell Duke, Arnold, Harry, Craig Goodwin, Brandon Borrello, Connor Metcalfe, Mitul Marma, Duke, Metcalfe, Borrello, Maclaren, Jordan Bos, pouncing, Massimo Luongo, pinged, Lewis Miller, Kusini Yengi, Luongo, Aiden O’Neill, Frank Farina, Ian Ransom, Andrew Heavens, Toby Davis Organizations: MELBOURNE, Socceroos, 183rd, Melbourne, Thomson Locations: Australia, Bangladesh, Palestine, Kuwait, North America, Qatar, Melbourne

☆ Barcelona Femení: Reigning champion defeats Benfica 5-0 to kick off Women’s Champions League campaign
▼ + stars: | 2023-11-15 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +3 min

CNN —Barcelona Femení kicked off its defense of its Women’s Champions League crown in style, defeating Benfica 5-0 at the Johan Cruyff Stadium. Barcelona dominated throughout and rarely looked troubled: it had 60% possession and attempted 20 shots, compared to Benfica’s five, according to UEFA. Not everything was positive on the night for Barça as two-time Ballon d'Or winner Alexia Putellas appeared to suffer a knee injury. Oshoala's incredible effort capped off a comfortable night for the two-time Women's Champions League winners. David Ramos/Getty Images“It’s good to start the season of the Champions League like this with our people here and scoring five goals,” Bonmatí told DAZN after the final whistle.

Persons: CNN — Barcelona Femení, Johan Cruyff, Alexia Putellas, Aitana, Asisat Oshoala, – Barça, Cata Coll, Caroline Graham Hansen, Putellas, Bonmatí, Lena Pauels, Ballon, David Ramos, “, ”, Jonatan Giráldez, Oshoala, Pauels, ” Bonmatí, DAZN, Rosengård Organizations: CNN — Barcelona, Champions League, Benfica, –, Barcelona, UEFA, Getty, Putellas, ”, Eintracht Frankfurt Locations: Europe, Barcelona, DAZN, Nigerian, ” Barcelona, Sweden

[1/5] Several volunteers give Spanish classes to migrants outside the Las Raices Camp in La Laguna, Spain, November 5, 2023. The mix-up shows just how overwhelmed the Spanish archipelago is, Canary Islands president Fernando Clavijo told Reuters, after a record 32,000 migrants came so far this year. At Tenerife's Las Raices adult migrants' centre in San Cristobal de La Laguna, Camara and his friend from the voyage, 16-year-old Modou Lamin Jarju from Gambia, sat around with dozens of other west Africans. Reuters GraphicsOne of the most strained of the eight Canary Islands is El Hierro, its population of 9,000 more than matched by the arrival of 11,000 migrants this year. At its largest minors' centre on a recent day, some 300 children ate breakfast on a basketball court before Spanish lessons.

Persons: Borja Suarez, Moussa Camara, Camara, Classing, Fernando Clavijo, Fran Morenilla, Salaoum Colley, Amparo Morales, Clavijo, El Hierro, Corina Pons, Horaci Garcia, Charlie Devereux, Andrew Cawthorne Organizations: REUTERS, CRISTOBAL, LA LAGUNA, Reuters, Reuters Graphics Reuters, Las, Amnesty, Canaries, San Cristobal de La Laguna, Camara, Thomson Locations: La Laguna, Spain, Guinea, Europe, Islands, Spanish, Almeria, Canary, San Cristobal de La, Jarju, Gambia, El Hierro, European Union, Africa, Senegal

☆ Repairs to arson-damaged Los Angeles freeway expected to take at least 3 weeks
▼ + stars: | 2023-11-14 | by ( Steve Gorman | ) www.reuters.com time to read: +3 min

Crew members work in the area, where a fire erupted over the weekend, shutting down a heavily trafficked corridor in Los Angeles, California, U.S., November 13, 2023. REUTERS/Jorge Garcia Acquire Licensing RightsLOS ANGELES, Nov 14 (Reuters) - A Los Angeles freeway section heavily damaged by a weekend fire can be salvaged and reopened after extensive repairs rather than having to be demolished and rebuilt, a project that nevertheless will likely take three to five weeks, officials said on Tuesday. The project was expected to commence immediately and continue around the clock until completed, California Governor Gavin Newsom said. Meanwhile, arson investigators were continuing their work seeking to identify the person or persons responsible for setting the fire, Newsom said. Newsom said the state had leased the site to Apex Development Inc, a company based in Calabasas, north of Los Angeles.

Persons: Jorge Garcia, Gavin Newsom, Karen Bass, Newsom, Daniel Berlant, Steve Gorman, Alistair Bell Organizations: REUTERS, Santa, Fire, Apex Development Inc, Apex, Thomson Locations: Los Angeles , California, U.S, Los Angeles, Santa Monica, California, California's, Calabasas

SAN FRANCISCO (AP) — Defense attorneys for David DePape, the man on trial for the attack of former U.S. House Speaker Nancy Pelosi's husband in the couple's San Francisco home, will call witnesses Tuesday as they argue DePape is not guilty of the crimes he's been charged with. Defense attorney Jodi Linker told jurors last week that she won’t dispute that DePape attacked Pelosi. She said that means the charges that DePape was trying to interfere with Nancy Pelosi’s official duties don’t fit. After his arrest, DePape, 43, allegedly told a San Francisco detective that he wanted to hold Nancy Pelosi hostage. Defense attorneys have listed four possible witnesses: Daniel Bernal, Nancy Pelosi’s San Francisco chief of staff; extremism and antisemitism researcher Elizabeth Yates; federal public defender Catherine Goulet; and one unidentified witness.

Persons: David DePape, Nancy Pelosi's, DePape, DePape bludgeoned Paul Pelosi, Jodi, Pelosi, Nancy Pelosi’s, don’t, Paul Pelosi, “, Nancy, ”, Pelosi facedown, Pelosi’s, Stephanie Minor, Nancy Pelosi, Daniel Bernal, Elizabeth Yates, Catherine Goulet Organizations: FRANCISCO, —, ., San, Prosecutors Locations: San Francisco, United States, Washington, Nancy Pelosi’s San Francisco

☆ Ukraine Braces for Another Winter of Missile Attacks, Blackouts
▼ + stars: | 2023-11-13 | by ( Ian Lovett | Photographs Serhii Korovayny For The Wall Street Journal | ) www.wsj.com time to read: 1 min

KYIV, Ukraine—Ukrainian President Volodymyr Zelensky has warned citizens to brace for a winter onslaught of Russian missiles aimed at knocking out power and heat, as Moscow seeks to capitalize on a shift in momentum in the war. The prospect of a second winter of bombardments adds to a darkening mood here. Ukraine’s summer counteroffensive failed to achieve a major breakthrough, despite thousands of casualties. The country’s top general has said the conflict is at risk of becoming a stalemate. A fresh aid package from the U.S. is tied up in Congress.

Persons: Volodymyr Zelensky Locations: KYIV, Ukraine, Moscow, U.S

☆ Ukraine war live updates: Ukraine braces itself for infrastructure strikes; war hotspot Avdiivka under 'massive' Russian shelling
▼ + stars: | 2023-11-13 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

"We are almost halfway through November and we must be prepared for the possibility that the enemy may increase the number of drone or missile strikes against our infrastructure," Zelenskyy said in his nightly address Sunday. Ukraine's President Volodymyr Zelenskyy said the country must brace itself for more attacks on national infrastructure as winter approaches. Firefighters work to put out a fire at energy infrastructure facilities damaged by Russian missile strike, as Russia's attack on Ukraine continues, in Kyiv region, Ukraine. Russia pummelled Ukrainian energy infrastructure last winter, putting pressure on much of the civilian population by depriving them of heating and power. The Kyiv School of Economics estimated last January that damage to the country's energy sector had already totaled $6.8 billion.

Persons: Zelenskyy, Volodymyr Zelenskyy Organizations: Ukraine's, Firefighters, Russian, Kyiv School of Economics, Institute for Locations: Ukraine, Kyiv region, Russia, Kyiv

☆ Harry Kane continues scintillating form at Bayern Munich
▼ + stars: | 2023-11-13 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —It’s safe to say that Harry Kane is enjoying life in Germany. The England captain made his high-profile move from boyhood club Tottenham to Bayern Munich in August and he hasn’t looked back. No player has scored more after 11 Bundesliga games, with Bayern’s former talisman Robert Lewandowski holding the previous record of 16. Kane, the league’s top scorer, also has four goals in the Champions League with Bundesliga leaders Bayern yet to drop points in the group stage. “It is impressive,” Bayern Munich’s sports director Christoph Freund said, per Reuters, after Kane’s double in the team’s 4-2 win against Heidenheim.

Persons: Harry Kane, hasn’t, Robert Lewandowski, Kane, Christoph Freund, ” Kane, Alexander Hassenstein, ‘, ”, Thomas Mueller, “ Organizations: CNN, Tottenham, Bayern Munich, Heidenheim, Bundesliga, Champions League, Bayern, League’s, Reuters, England Locations: Germany, England, “, Malta, North Macedonia

Los Angeles Mayor Karen Bass described the closure as a “crisis” for a city already notorious for its traffic woes. This photo provided by the California Department of Transportation shows an early morning fire along Interstate 10 near downtown Los Angeles on Saturday. A Los Angeles firefighter uses a robotic hose to douse a fire under Interstate 10 that severely damaged an overpass in downtown Los Angeles on Saturday. Wooden pallets, cars filled with gas and boxes of oranges have all been found under the Los Angeles bridge, officials said. Los Angeles firefighters mop up damage from a fire that severely damaged Interstate 10 near downtown Los Angeles on Saturday.

Persons: Angeles Mayor Karen Bass, Gavin Newsom, “, ” Newsom, Bass, Newsom, ”, Firefighters, Richard Vogel, Kristin Crowley, Crowley Organizations: CNN, Los, Angeles Mayor, Los Angeles Fire Department, California Department of Transportation, Caltrans, Sunday, Department of Transportation, LA Unified School District, Los Angeles Locations: Los Angeles, Alameda Street, California, Los Angeles County, Philadelphia

About a mile away from the start of the march, about 1,000 people lined the streets to watch the remembrance events at the Cenotaph war memorial. Among the crowd, some right-wing counter-protesters opposed to the pro-Palestinian march chanted messages including "We want out country back". DISRESPECTFULSunak has criticised the pro-Palestinian rally as disrespectful amid concerns it could spark violence. There has been strong support and sympathy for Israel from Western governments, including Britain's, and many citizens over the Hamas attacks. But the Israeli response has also prompted anger, with weekly protests in London demanding a ceasefire.

Persons: Hollie Adams, Laurence Taylor, Rishi Sunak, Sunak, Suella Braverman, Taylor, I've, Michael Holden, Hannah McKay, Sarah Young, Ed Osmond, Helen Popper Our Organizations: Hamas, REUTERS, Government, Cenotaph . Police, Charing, Palestine Solidarity Campaign, PSC, U.S, Embassy, Thomson Locations: Gaza, Israel, Palestinian, London, Britain, Palestine, Waterloo, Victoria, Downing, Western

☆ Brace for a sharp inflation drop that still won't be enough to return the economy to normal, top economist Mohamed El-Erian says
▼ + stars: | 2023-11-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Inflation will drop sharply, but prices won't get back to the Fed's 2% target soon, Mohamed El-Erian said. AdvertisementAdvertisementThe economy will soon see a sharp drop in inflation – but that still won't be enough to return it to the central bank's target, according to top economist Mohamed El-Erian. Headline inflation accelerated 3.7% year-per-year in September, slightly above the expected 3.6% clip. Meanwhile, core inflation accelerated 4.1% year-per-year, in-line with economists' forecasts. Headline inflation is expected to accelerate 3.28% year-per-year, while core inflation is expected to remain mostly level at 4.16%, according to the Cleveland Fed's Inflation Nowcast.

Persons: Mohamed El, Erian, —, Goldman Sachs, Neel Kashkari, Powell Organizations: Bloomberg, Service, Allianz, Federal, Minneapolis, of Labor Statistics, Cleveland

☆ Rashford sees red as Man United give up two-goal lead to lose in Copenhagen
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +3 min

"The red card changes everything," a beleaguered Ten Hag told TNT Sports. "We controlled the game until the red card. The night marked the first Champions League loss for United in which they led by two or more goals. It was their first defeat after taking a two-goal lead in all competitions since a 5-3 loss to Leicester City in September 2014. The defeat spoiled a feel-good return to Copenhagen for Hojlund, who was born in the Danish capital and whose younger brothers Emil and Oscar both play for Copenhagen.

Persons: Marcus Rashford, Rasmus Hojlund, Erik, Hojlund, Scott McTominay's, Kamil Grabara, Rashford, Elias Jelert, Mohamed Elyounoussi, Harry Maguire's, Diogo Goncalves, Andre Onana, Bruno Fernandes, Lukas Lerager, Rasmus Falk's, Roony Bardghji, Emil, Oscar, Lori Ewing, Toby Davis Organizations: COPENHAGEN, Manchester United, League, FC Copenhagen, United, Hag, TNT Sports, Galatasaray, Bayern Munich, Copenhagen, of, Champions League, Man City, Leicester City, Thomson Locations: Copenhagen, Hojlund

☆ Man United boss Ten Hag laments 'harsh' Rashford red card
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +3 min

"I think first we played very good until the red card. The red card changed everything. Rashford's red card was given after he planted his foot on the ankle of Elias Jelert to protect the ball and it drew the ire of Ten Hag. The loss was United's first in the Champions League in which they led by two or more goals. Ten Hag said the Rashford red was not the first questionable decision that has gone against them this season.

Persons: Marcus Rashford's, Erik, Hag, Rasmus Hojlund's, Elias Jelert, Owen Hargreaves, Marcus, He's, Paul Scholes, Lori Ewing, Toby Davis Organizations: League, FC Copenhagen, United, Premier League, TNT Sports, TNT, Champions League, Leicester City, Fulham, Thomson Locations: COPENHAGEN, Manchester

☆ ECB tells banks to factor in further drop in property prices
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023. REUTERS/Heiko Becker/File Photo Acquire Licensing RightsFRANKFURT, Nov 7 (Reuters) - Euro zone banks should factor in the risk of a further fall in property prices when they make provisions and plans about their capital, the European Central Bank's chief supervisor Andrea Enria said on Tuesday. The European property market has come under pressure from the ECB's steepest and longest streak of increases in interest rates, which are now at record highs. Fuelled by low interest rates and massive ECB cash injections, billions were funnelled into property in the last decade, particularly in richer European countries such as Germany, France and the Netherlands. Euro zone banks have been curbing access to credit, particularly mortgages, and demand from households and companies is also falling, ECB data shows.

Persons: Heiko Becker, Andrea Enria, Enria, Banks, Germany's Claudia Buch, Francesco Canepa, Kirsten Donovan, Jan Harvey Organizations: European Central Bank, REUTERS, Rights, Central Bank's, ECB, Thomson Locations: Frankfurt, Germany, France, Netherlands

☆ Europe should brace for U.S. Treasury clearing rules, says industry body
▼ + stars: | 2023-11-07 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsLONDON, Nov 7 (Reuters) - Europe has nowhere to hide from U.S. plans to mandate clearing of U.S. Treasuries transactions that will need to be carefully introduced over time, a global derivatives industry body said on Tuesday. A clearing house is backed by a default fund, ensuring that a transaction is completed even if one side of a transaction goes bust. Regulators began mandating the use of clearing more widely in derivatives markets after the global financial crisis in 2008 to improve stability and transparency. "It's something that you need to look at carefully and at this stage I think we still have more questions than answers as to how the actual process of clearing Treasury cash and Treasury repo will play out," Litvack said. Much will hinge on the details in the final rules that determine who will be within scope, O'Malia said.

Persons: Andrew Kelly, It's, Eric Litvack, Litvack, Scott O'Malia, O'Malia, Huw Jones, Chizu Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Regulators, International, Association, Financial, Thomson Locations: Washington ,, Europe, U.S, Treasuries, United States, repos

☆ ‘Grok,’ Elon Musk’s AI chatbot with a ‘rebellious’ streak
▼ + stars: | 2023-11-06 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

Elon Musk has announced the introduction of “Grok,” an artificially intelligent chatbot, for some users of X, which the billionaire suggests has a sarcastic sense of humor similar to his own. Musk’s AI startup, xAI, which developed the bot, said in a blogpost that it took inspiration from The Hitchhiker’s Guide to the Galaxy, a comedy sci-fi novel by British author Douglas Adams. Grok “loves sarcasm,” Musk posted on X. Grok is intended to rival ChatGPT, an AI chatbot released to the public by its maker OpenAI last November to much fanfare. Musk has previously expressed concerns about the speed of development of AI, and the technology’s potential to fundamentally change human society for the worse.

Persons: London CNN — Brace, Elon Musk, “, Douglas Adams, Grok, ” Musk, ”, xAI, ChatGPT, Musk, Tommy Robinson Organizations: London CNN, Twitter, Galaxy Locations: British, United States

LOS ANGELES (AP) — Mark Zuckerberg's latest martial arts sparring session sent him to the operating table. The Meta Platforms CEO and mixed martial arts enthusiast posted on social media Friday that he tore one of his anterior cruciate ligaments, or ACLs, while training for a fight early next year. “Tore my ACL sparring and just got out of surgery to replace it,” Zuckerberg posted on Instagram. Political Cartoons View All 1234 ImagesZuckerberg, who in May completed his first jiu jitsu tournament, has previously posted updates on his martial arts training. But in August, the Tesla CEO posted on social media that he might need surgery before the fight could happen.

Persons: Mark Zuckerberg's, “ Tore, ” Zuckerberg, Zuckerberg, Elon Musk, Musk, Elon, ” Organizations: ANGELES, ”, Facebook Locations: Park , California

☆ How the market's forgotten stocks could lead a 'once-in-a-generation' buying opportunity
▼ + stars: | 2023-11-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

A once-in-a-generation opportunity is coming for the stock market, according to investment chief Richard Bernstein. AdvertisementAdvertisementBrace for a big investing opportunity that's about to come for stocks — and not in an area of the market investors may be expecting. That's according to Richard Bernstein, the CIO of Richard Bernstein Advisors, a $16 billion asset manager. That coming pendulum swing in market leadership is a "once-in-a-generation" buying opportunity brewing among forgotten and under-loved areas of the market, Bernstein says. Richard Bernstein Advisors"Because growth is starting to accelerate, it makes less and less sense to pay a premium for growth.

Persons: Richard Bernstein, —, Bernstein, Merrill Lynch —, RBA, Russell, Bernstein isn't Organizations: Service, Richard Bernstein Advisors, Amazon, Bank of America

☆ Defaults of high-yield corporate bonds are accelerating and could bring a $46 billion wave of distressed debt in 2024, Bank of America says
▼ + stars: | 2023-11-03 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

The US could see a $46 billion wave of distressed high-yield debt next year, BofA warned. Higher interest rates could cause defaults and bankruptcies to peak in early 2024, experts warn. AdvertisementAdvertisementThat amounts to $35 billion in those three sectors alone, or around 75% of all high-yield defaults expected next year, strategists said. Federal ReserveExperts have been warning of a wave of defaults and bankruptcies to hit the market, especially as interest rates remain higher-for-longer. Meanwhile, total US bankruptcies and debt defaults could peak sometime in the first quarter of 2024, Charles Schwab estimated.

Persons: BofA, —, Charles Schwab Organizations: Service, Bank of America, " Bank of America, HY, Treasury, ICE Bank of America, Federal

☆ House, Senate Brace for Showdown on Israel Aid
▼ + stars: | 2023-10-31 | by ( Siobhan Hughes | ) www.wsj.com time to read: 1 min

Testimony from Secretary of State Antony Blinken was interrupted several times on Tuesday after protesters shouted antiwar slogans during his opening remarks. Photo: Saul Loeb/AFP/Getty ImagesWASHINGTON—House Speaker Mike Johnson (R., La.) is on a collision course with the Senate over a plan to immediately fund aid for Israel but not Ukraine, with a proposed House bill drawing rebukes from Democrats and a cool reception from some Republicans who favor a broader foreign-policy package. The newly elected leader is moving to hold a vote on a bill Thursday giving Israel $14.3 billion in aid and taking previously allocated funding for the Internal Revenue Service to offset the expense. The package would be far smaller than the $106 billion requested by the White House to fund not only Israel but also Ukraine, Taiwan and border security.

Persons: Antony Blinken, Saul Loeb, Mike Johnson Organizations: Getty, WASHINGTON —, Senate, Israel, Internal Revenue Service, White Locations: Israel, Ukraine, Taiwan

REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsNov 1 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. But Asian markets' first chance to react to that will be Thursday. But if the yuan is under pressure, it is nothing compared to the onslaught Japan's yen is facing. The currency and bond market reactions to the BOJ's policy tweak could not have been more different - the yen fell the most since April, while Japanese bond yields surged to a fresh decade-high. World, U.S. and Asian stocks all fell for a third month in a row, bond yields surged and financial conditions tightened significantly.

Persons: Kim Kyung, Jamie McGeever, China's Organizations: National Printing Bureau, Bank of Japan, REUTERS, U.S . Federal, U.S, Treasury, PMI, Tuesday, China PMI, Indonesia CPI, Thomson, Reuters Locations: Tokyo, Japan, Asia, India, South Korea, Indonesia, Korean, Hong Kong, China

☆ Brace for 8% mortgage rates to drag the US housing market into a 1980s-style recession, Wells Fargo warns
▼ + stars: | 2023-10-31 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

The US housing market looks like it's headed for a recession, Wells Fargo has warned. AdvertisementAdvertisementThe Federal Reserve's aggressive interest-rate hikes could be about to trigger a housing-market recession that echoes the slowdown of the 1980s, Wells Fargo has warned. "Although mortgage rates may gradually descend once the Federal Reserve begins to ease monetary policy, financing costs are likely to remain elevated relative to recent norms," they added. Please Lower Interest Rates." AdvertisementAdvertisement"The plea for assistance from housing industry participants, both in the early 1980s and more recently, illustrates the severe impact higher interest rates can have on the residential sector," Dougherty and Barley wrote.

Persons: Wells Fargo, —, Charlie Dougherty, Patrick Barley, Freddie Mac, Jackson, Paul Volcker, National Association of Homebuilders, Jerome Powell, Dougherty, Barley Organizations: Service, Federal, Fed, Wells, National Association of Realtors, Mortgage Bankers Association, National Association of Locations: Redfin

☆ Brace for the Wind and Electric-Vehicle Bailouts
▼ + stars: | 2023-10-30 | by ( Allysia Finley | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week’s best and worst from Kim Strassel, Bill McGurn and Dan Henninger. Images: AP/Reuters Composite: Mark KellyFord assured investors last week that its generous deal with the United Auto Workers wouldn’t threaten its profitability. The same can’t be said of its electric vehicles, which lost $3.1 billion during the first nine months of this year. Those losses will doubtless grow, and anyone who thinks Washington won’t give auto makers another bailout should think again. Last week Munich-based Siemens Energy , one of the world’s top wind manufacturers, said the German government is prepared to extend as much as €16 billion (or $16.9 billion) in state guarantees to rescue it.

Persons: Kim Strassel, Bill McGurn, Dan Henninger, Mark Kelly Ford, Washington Organizations: Reuters, United Auto Workers, Siemens Energy Locations: Munich

☆ Ballon d’Or: Lionel Messi and Aitana Bonmatí win men’s and women’s awards
▼ + stars: | 2023-10-30 | by ( George Ramsay | Patrick Sung | ) edition.cnn.com time to read: +7 min

CNN —Lionel Messi won a record-extending eighth Ballon d’Or on Monday, while Barcelona and Spain star Aitana Bonmatí won the Ballon d’Or Féminin – the annual soccer awards celebrating the best players in the men’s and women’s game. This [award] is also for you, I share it with you and with all of Argentina.”Barça and Spain midfielder Aitana Bonmati receives the Woman Ballon d'Or award during the 2023 Ballon d'Or France Football award ceremony on October 30. “I’m very proud to receive the Ballon d’Or tonight. In both places, I have the best teammates next to me that make me better every day.”Aitana Bonmatí has won the Ballon d'Or Féminin for the first time. Barcelona Femení won Women’s Club of the Year for its standout year, which included three titles – Liga F, the Spanish Super Cup and the Women’s Champions League – and having a roster which included six Ballon d’Or Féminin nominees, including the winner, Bonmatí.

Persons: Lionel Messi, Ballon d’Or, Aitana Bonmatí, Féminin, Messi, Ballon, Erling Haaland, Germain, Kylian, “, I’ve, ”, David Beckham, Aitana, ” Messi, Odd Andersen, Diego Maradona, Diego, Maradona, ” Barça, Aitana Bonmati, Franck Fife, ” Bonmatí, Novak Djokovic, haven’t, ” Aitana Bonmatí, Javier Borrego, Alexia Putellas, Sam Kerr, Bonmatí’s, Salma Paralluelo, Jude Bellingham, Gerd Müller, Stefan Wermuth, Pep Guardiola’s, Barcelona Femení, d’Or Féminin, Bonmatí, Ballon d’Or Lionel Messi, Argentina Ballon, Spain Gerd Müller, Striker, Emiliano Martínez, Socrates, Vinícius Jr Organizations: CNN, Argentina’s, Inter Miami star’s, Manchester City, Paris Saint, Inter Miami, Argentina –, Copa América, Getty, Argentina national, …, Copa, France Football, Barcelona, Liga, League, Wolfsburg, world’s, FC Barcelona, Europa Press, Chelsea, Roja, Bellingham, Real Madrid, Borussia Dortmund, German, FA, Men’s Club, pipping Inter Milan, Women’s Club, Spanish, Women’s, League –, Norway Yashin, Aston Villa, Argentina Kopa, Real, Brazil Men’s Club, Year Manchester City Women’s Club Locations: Barcelona, Spain, Paris, Argentina, Qatar, Argentine, AFP, Australia, New Zealand, Barça, Spanish, Bellingham, Los, Madrid, El Clásico, Manchester, Istanbul, Bonmatí, Manchester City, Norway, Real Madrid, Brazil

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