DIRS.INFO The most relevant business & tech news

☆ Moody's cuts China property sector's outlook to negative
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +1 min

A construction site of residential buildings by Chinese developer Country Garden is pictured in Tianjin, China August 18, 2023. REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsSept 14 (Reuters) - Moody's on Thursday cut China's crisis-hit property sector's outlook to negative from stable, citing economic growth challenges the ratings agency said would dampen sales despite government support. China Evergrande Group (3333.HK), the world's most indebted property developer, is at the centre of the crisis. The crisis has also engulfed China's largest private property developer Country Garden Holdings Co (2007.HK), which has been battling to avoid a default, having won approval from its creditors this week to extend the maturity of several onshore bonds. Credit stress at Country Garden, which Moody's rates as Ca with a negative outlook, has amplified investors' risk aversion, Cedric Lai, an analyst at the agency said in a statement.

Persons: Tingshu Wang, Moody's, Cedric Lai, Dimpal Gulwani, Jacqueline Wong, Jamie Freed Organizations: REUTERS, China Evergrande, HK, Garden Holdings, Thomson Locations: Tianjin, China, China's

Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsSept 13 (Reuters) - Oil rose on Wednesday, firming its ground near a 10-month peak reached during trading a day earlier, as the market balanced supply concerns over Libya output and OPEC+ cuts with global macroeconomic headwinds. But U.S. crude oil, distillate and gasoline stockpiles rose last week, according to market sources citing American Petroleum Institute (API) figures on Wednesday. Crude stocks rose by about 1.2 million barrels in the week ended Sept. 8, against analysts estimate of a draw of about 1.9 million barrels. Gasoline inventories rose by about 4.2 million barrels, while distillate inventories rose by about 2.6 million barrels.

Persons: Agustin Marcarian, Satoru Yoshida, Yoshida, Izvestia, Nikolai Shulginov, Brent, Yuka Obayashi, Muyu Xu, Stephen Coates, Jamie Freed, Miral Organizations: REUTERS, Brent, U.S, West Texas, OPEC, U.S . Energy, Rakuten Securities, Libya, of, Petroleum, Energy, American Petroleum Institute, Federal Reserves, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Libya, China, Saudi Arabia, Russia, OPEC

The lower-ranking Federal Court in 2021 found Qantas broke the law by outsourcing the ground handling jobs, but the airline appealed the ruling in the High Court which upheld the decision on Thursday. The matter now returns to the Federal Court which will decide penalties and compensation for affected employees. "These workers have been put through hell," said Michael Kaine, secretary of the Transport Workers Union (TWU) which brought the lawsuit. Qantas said in a statement that it accepted the High Court decision and noted the Federal Court had already ruled out forcing the company to reinstate the workers. It said it had already made an unspecified provision in its accounts for penalties and compensation for affected employees after the Federal Court decision.

Persons: David Gray, Michael Kaine, Kaine, Byron Kaye, Roushni Nair, Subhranshu Sahu, Jamie Freed Organizations: Qantas Airways Airbus, Sydney Airport, REUTERS, Rights, Qantas Airways, Australia, Qantas, Qatar Airways, Federal, Transport Workers Union, Thomson Locations: Australia, Sydney, Bengaluru

☆ Chevron Australia LNG workers set to begin two-week total strikes
▼ + stars: | 2023-09-13 | by ( Renju Jose | ) www.reuters.com time to read: +2 min

[1/2] A view of Chevron-operated Gorgon project on Barrow Island, Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. Chevron/Handout via REUTERS/File Photo Acquire Licensing RightsSYDNEY, Sept 14 (Reuters) - Workers at Chevron's (CVX.N) two major liquefied natural gas (LNG) projects in Australia are set to begin total strikes for two weeks from Thursday, potentially disrupting output that accounts for more than 5% of global supply. Australia is the world's biggest LNG exporter and its main buyers are in Asia. The unions had said they would escalate to a total strike until Sept. 29, although they have discretion over how long they actually stop work. ($1 = 1.5571 Australian dollars)Reporting by Renju Jose in Sydney; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Goldman Sachs, Goldman, Renju Jose, Jamie Freed Organizations: Reuters, Chevron, Handout, REUTERS, Rights, Traders, Research, Fair, Thomson Locations: Chevron, Barrow Island, Australia, Asia, Europe, Perth, U.S, Sydney

☆ China, Airbus among potential losers from boosted US-Vietnam ties
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +5 min

U.S. President Joe Biden attends a meeting with Vietnam's Communist Party General Secretary Nguyen Phu Trong, at the Communist Party of Vietnam Headquarters in Hanoi, Vietnam, September 10, 2023. But Washington's elevation to the same tier as Beijing in Vietnam's ranking will inevitably have an impact on China. The White House had no new arms deals to announce, but the new ties may facilitate future supplies from the U.S. or its partners. That would inevitably reduce Vietnam's reliance on Russian gear, although Hanoi is currently negotiating a new possible arms deal with Moscow. "We do not have any comment on a decision that does not involve Airbus," an Airbus spokesperson said.

Persons: Joe Biden, Nguyen Phu Trong, Evelyn Hockstein, Mao Ning, Joe Biden's, Biden, Carolyn Nash, Fluence, Germany's, Francesco Guarascio, Tim Hepher, Jamie Freed Organizations: Vietnam's Communist Party General, Communist Party of, REUTERS, Washington, White, AIRBUS, U.S, planemaker Boeing, Vietnam Airlines, Airbus, Boeing, Amnesty International, Vietnam, Communist Party, Human Rights Watch, INDIA Washington, Nvidia, Microsoft, AES, SIEMENS, AMI, Honeywell, Nasdaq, Germany's Siemens, Siemens, Thomson Locations: Communist Party of Vietnam, Hanoi, Vietnam, United States, Washington, CHINA Vietnam, Beijing, China, Vietnam's, RUSSIA Vietnam, Russia, U.S, Moscow, Hanoi , U.S, Asia, MALAYSIA, INDIA, Malaysia, India, Paris

☆ Country Garden secures bondholder reprieve, sources say; shares soar
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +3 min

Country Garden did not immediately reply to a request for comment. The latest voting came after Country Garden on Sept. 1 gained approval from creditors to extend payments by three years for a 3.9 billion yuan ($533 million)onshore private bond. Country Garden, one of the few large Chinese developers that has not defaulted on debt obligations, has faced liquidity pressure with reduced available funds as sales plunged, its interim financial statements showed. It has 108.7 billion yuan ($14.9 billion) of debts due within 12 months, while its cash level are around 101.1 billion yuan as of end-June, according to the company's interim financial statement. Any default by Country Garden would exacerbate the country's spiralling real estate crisis, put more strain on its struggling banks and could delay the recovery of not only the property market, but the overall Chinese economy.

Persons: Shuyan Wang, Jing Bian, Xie Yu, Muralikumar Anantharaman, Jamie Freed Organizations: HK, Mainland Properties, Thomson Locations: SHANGHAI, BEIJING, Hong Kong, Beijing, Shanghai

November Brent crude futures rose 28 cents to $90.92 a barrel at 0300 GMT, while U.S. West Texas Intermediate crude futures for October edged 35 cents higher to $87.64. The U.S. Federal Reserve is widely expected to leave interest interest rates unchanged at a policy meeting next week, though views are split over whether the Fed will raise rates or pause again in November. The European Commission on Monday forecast the euro zone to grow more slowly than previously expected in 2023 and 2024. The IEA last month lowered its 2024 forecast for oil demand growth to 1 million bpd, citing lackluster macroeconomic conditions. OPEC's August report, meanwhile, kept its 2.25 million bpd demand growth forecast for 2024 unchanged.

Persons: Nathan Frandino, Brent, Tina Teng, Teng, OPEC's, Jeslyn Lerh, Stephanie Kelly, Jamie Freed Organizations: Phillips, American West, REUTERS, bbl, Brent, U.S, West Texas, Traders, CMC, U.S . Federal Reserve, European Central Bank, European, Investors, International Energy Agency, Organization of, Petroleum, IEA, Thomson Locations: Rodeo , California, American, U.S, SINGAPORE, Europe, Saudi Arabia, Russia, China, OPEC, Singapore, New York

Consumers, Google's lawyers will argue, can delete the Google app from their devices or simply type Microsoft's Bing, Yahoo or DuckDuckGo into a browser to use an alternative search engine. They will argue that consumers stick with Google because they rely on it to answer questions and are not disappointed. In the first, Judge Amit Mehta will decide if Google has broken antitrust law in how it manages search and search advertising. If Google is found to have broken the law, Judge Mehta will then decide how best to resolve it. He may decide simply to order Google to stop practices he has found to be illegal or he may order Google to sell assets.

Persons: Bing, Amit Mehta, Judge Mehta, Diane Bartz, Jamie Freed Organizations: Google, The U.S . Justice, Apple Inc, Mozilla, Yahoo, Big Tech, Microsoft, Thomson Locations: United States, Washington, The

☆ Oil investors open to dividend cut to boost clean energy spending -Deloitte
▼ + stars: | 2023-09-12 | by ( Sabrina Valle | Thomson Reuters | U.S. Energy Correspondent Focused In Covering Global Operations Of Oil Majors Out Of Houston. | ) www.reuters.com time to read: +3 min

Energy firms have sharply increased shareholder returns on the back of high energy prices after years of overspending on production growth. Oil and gas companies led all industries in cash distribution to shareholders in 2022, with a combined 8% dividend and buyback yield, Deloitte said. But investors holding $2.3 trillion of equity in the global oil and gas industry are changing their expectations about growth markets faster than energy company executives, Deloitte said. About 75% of surveyed investors stated that they would continue holding shares to accelerate investments in lower-carbon technologies, even if yields shrank to as little as 3%. About 43% of surveyed investors emphasized battery storage as their key area for investment.

Persons: Chen Aizhu, Kate Hardin, Hardin, Sabrina Valle, Jamie Freed Organizations: China National Petroleum Corporation, Dalian Petrochemical Corp, REUTERS, Deloitte, . Energy, Oil, Exxon Mobil, Chevron, BP, Shell, Thomson Locations: China, Dalian, Liaoning province, HOUSTON

Taiwan Semiconductor Manufacturing Company's (TSMC) logo is seen while people attend the opening of the TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. In the past five months the improvement has been tremendous," TSMC Chairman Mark Liu said of the Arizona project last week. The $40 billion investment in Arizona allows TSMC to add capacity outside Taiwan, where it faces constraints on land, power, water and labour. "A lot of machines cannot be shut down because it costs TSMC to recalibrate on rebooting," said a chip industry executive. While many equipment and materials makers already have global operations, to meet its exacting standards TSMC has also brought suppliers to Japan from Taiwan, the sources said.

Persons: Ann Wang, TSMC, Mark Liu, Lucy Chen, Brady Wang, Sam Nussey, Fanny Potkin, Sarah Wu, Miho Uranaka, Jamie Freed Organizations: Taiwan Semiconductor Manufacturing, REUTERS, TSMC, Reuters, Isaiah Research, Sony, Ministry, Economy, Trade, Industry, Thomson Locations: Hsinchu, Taiwan, Japan, TOKYO, SINGAPORE, TAIPEI, Arizona, Kyushu, U.S, Germany, TSMC

☆ Wall Street bosses see deal drought easing as IPOs spur optimism
▼ + stars: | 2023-09-12 | by ( Tatiana Bautzer | ) www.reuters.com time to read: +2 min

[1/2] Goldman Sachs CEO David Solomon speaks during the Goldman Sachs Investor Day at Goldman Sachs Headquarters in New York City, U.S., February 28, 2023. Goldman Sachs (GS.N) CEO David Solomon told Reuters in an interview on Tuesday that the optimism that the U.S. economy will avoid a recession is prompting capital markets to reopen. "The environment is definitely better," said Solomon, who noted that Goldman was involved in most of the share offerings. Venkatakrishnan told investors at a conference in New York. The dealmaking slowdown had prompted thousands of layoffs at investment banks, including at Morgan Stanley (MS.N), Goldman Sachs and Citigroup (C.N) in recent months.

Persons: Goldman Sachs, David Solomon, Brendan McDermid, Solomon, Goldman, Instacart, we'll, C.S, Venkatakrishnan, Morgan Stanley's, Dan Simkowitz, BofA, Alastair Borthwick, Morgan Stanley, Tatiana Bautzer, Lananh Nguyen, Mark Porter, Jamie Freed Organizations: Goldman, REUTERS, Reuters, Arm Holdings, underwriters, Barclays, Bank of America, Citigroup, Thomson Locations: New York City, U.S, British, New York

☆ Goldman Sachs discloses short position in Philips after Dutch regulator review
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +2 min

[1/2] People walk in the Goldman Sachs global headquarters in Manhattan, New York, U.S., November 15, 2021. Goldman Sachs, which acted on behalf of Exor, could not immediately be reached for comment. The review "has led to the additional disclosures of gross short positions by Goldman Sachs in the AFM register", the agency said in an e-mailed statement. An AFM filing first published on Aug. 17 had showed Goldman Sachs holding a long position of 12.17% in Philips as of Aug. 14, mostly in call options. That filing has now been revised to show Goldman also was holding an indirect short position of 12.04% on Aug. 14.

Persons: Goldman Sachs, Andrew Kelly, counterbalancing, Philips, Exor, Goldman, Toby Sterling, Jamie Freed Organizations: REUTERS, Rights, Philips, Financial Markets Authority, Exor, FD, . U.S . Securities, Exchange, Thomson Locations: Manhattan , New York, U.S, Dutch, ., Philips

REUTERS/Raquel Cunha Acquire Licensing RightsMEXICO CITY, Sept 11 (Reuters) - The Mexican government's plan to run up the biggest budget deficit in decades during the 2024 general election year could put pressure on public finances and eventually threaten its credit rating, analysts said on Monday. Lopez Obrador last week backed former Mexico City Mayor Claudia Sheinbaum as his party's candidate to succeed him. Historic data show the projected budget deficit for 2024 will be the highest since 1988 as a proportion of GDP. The government's higher spending plans should bolster Latin America's second-biggest economy, which has outpaced forecasts this year, brightening the outlook for 2024. He also noted that since Mexico's current account deficit is currently considerably lower than foreign direct investment, there was a pool of untapped demand in the economy that the government could temporarily offset via higher spending.

Persons: Mexico's Finance Ministry Rogelio Ramirez de la O, Marcela Guerra, Raquel Cunha, Andres Manuel Lopez Obrador, Lopez, Patricia Terrazas, Lopez Obrador, Mexico City Mayor Claudia Sheinbaum, Gabriela Siller, Alberto Ramos, Goldman Sachs, Ramos, Raul Feliz, Feliz, Dave Graham, Diego Ore, Noe Torres, Jamie Freed Organizations: Mexico's Finance Ministry, Mexican, REUTERS, Lopez Obrador's, Action Party, PAN, Mexico City Mayor, Banco Base, Bank of, Thomson Locations: Mexico City, Mexico, MEXICO, Bank of Mexico

☆ Ukraine's Zelenskiy, allies call for greater focus on war
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +3 min

Ukraine's President Volodymyr Zelenskiy during a press conference with Denmark's Prime Minister Mette Frederiksen (not pictured) in front of the presidential palace in Kyiv, Ukraine, September 6, 2023. Ritzau Scanpix/Ida Marie Odgaard via REUTERS Acquire Licensing RightsSept 11 (Reuters) - President Volodymyr Zelenskiy and his allies urged Ukrainians on Monday to keep their focus squarely on the war effort 18 months into Russia's invasion, an indication that authorities in Kyiv were steeling for a long campaign. Zelenskiy has long called for greater focus on the war effort and pledged to intensify a crackdown on corruption as part of Ukraine's bid to join the European Union. The campaign prompted the dismissal of Ukraine's defence minister last week and has also seen the detention of a business magnate who was once Zelenskiy's mentor on fraud charges. But appeals by Zelenskiy and his lieutenants are now more strident as Ukraine's military presses its steady, but relatively slow, counteroffensive in Russian-occupied areas.

Persons: Volodymyr Zelenskiy, Mette Frederiksen, Ritzau Scanpix, Ida Marie Odgaard, Zelenskiy, David Arakhamia, Annalena Baerbock, Vladimir Putin, Putin, Ron Popeski, Pavel Polityuk, Jamie Freed Organizations: Denmark's, REUTERS Acquire, European Union, EU, NATO, Thomson Locations: Kyiv, Ukraine, Russia, Ukrainian, Soviet

A view of Chevron-operated Gorgon project on Barrow Island, Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. “Unfortunately, following numerous meetings and conciliation sessions with the Fair Work Commission, no agreement has been reached as the unions are asking for terms significantly above the market," a Chevron spokesperson said in a statement. "Until we have some case law, until we get some Fair Work Commission decisions on how the laws work, we don't know (how long the process will take)," said Shae McCrystal, a professor of labour law at the University of Sydney Law School. A subsidiary of airline Virgin Australia made the only other application under these laws in June, local media reported. No talks are scheduled between unions and Chevron, according to the FWC website.

Persons: Shae McCrystal, Roushni Nair, Lewis Jackson, Jamie Freed, Michael Perry Organizations: Reuters, Chevron, Handout, REUTERS, Fair, University of Sydney Law School, Virgin Australia, Offshore Alliance, Thomson Locations: Chevron, Barrow Island, Australia, Chevron Australia, Melbourne, U.S, Bengaluru, Sydney

☆ Ukraine's Zelenskiy, Allies Call for Greater Focus on War
▼ + stars: | 2023-09-11 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +3 min

(Reuters) - President Volodymyr Zelenskiy and his allies urged Ukrainians on Monday to keep their focus squarely on the war effort 18 months into Russia's invasion, an indication that authorities in Kyiv were steeling for a long campaign. Zelenskiy has long called for greater focus on the war effort and pledged to intensify a crackdown on corruption as part of Ukraine's bid to join the European Union. But appeals by Zelenskiy and his lieutenants are now more strident as Ukraine's military presses its steady, but relatively slow, counteroffensive in Russian-occupied areas. Zelenskiy has made securing EU and NATO membership - both complex processes - the top foreign policy priorities. War will continue for "as long as Russia remains on Ukrainian territory" and Ukraine rejected "frozen conflicts" long in place in other post-Soviet trouble spots, he said.

Persons: Volodymyr Zelenskiy, Zelenskiy, David Arakhamia, Annalena Baerbock, Vladimir Putin, Putin, Ron Popeski, Pavel Polityuk, Jamie Freed Organizations: Reuters, European Union, EU, NATO Locations: Kyiv, Russia, Ukraine, Ukrainian, Soviet

☆ Mexico's Election Year Deficit Plan Fuels Fear Over Finances
▼ + stars: | 2023-09-11 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +3 min

By Dave Graham and Diego OréMEXICO CITY (Reuters) - The Mexican government's plan to run up the biggest budget deficit in decades during the 2024 general election year could put pressure on public finances and eventually threaten its credit rating, analysts said on Monday. Lopez Obrador last week backed former Mexico City Mayor Claudia Sheinbaum as his party's candidate to succeed him. Historic data show the projected budget deficit for 2024 will be the highest since 1988 as a proportion of GDP. The government's higher spending plans should bolster Latin America's second-biggest economy, which has outpaced forecasts this year, brightening the outlook for 2024. He also noted that since Mexico's current account deficit is currently considerably lower than foreign direct investment, there was a pool of untapped demand in the economy that the government could temporarily offset via higher spending.

Persons: Dave Graham, Diego, Andres Manuel Lopez Obrador, Lopez, Patricia Terrazas, Lopez Obrador, Mexico City Mayor Claudia Sheinbaum, Gabriela Siller, Alberto Ramos, Goldman Sachs, Ramos, Raul Feliz, Feliz, Diego Ore, Noe Torres, Jamie Freed Organizations: MEXICO CITY, Lopez Obrador's, Action Party, PAN, Mexico City Mayor, Banco Base, Bank of Locations: MEXICO, Mexico, Bank of Mexico, Mexico City

☆ JPMorgan CEO Jamie Dimon blasts draft US bank capital rules
▼ + stars: | 2023-09-11 | by ( Nupur Anand | Thomson Reuters | Nupur Anand Is A U.S. Banking Correspondent At Reuters In New York. She Focuses On Jpmorgan Chase | ) www.reuters.com time to read: +3 min

[1/2] Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. REUTERS/Marco Bello Acquire Licensing RightsCompanies JPMorgan Chase & Co FollowNEW YORK, Sept 11 (Reuters) - JPMorgan Chase (JPM.N) CEO Jamie Dimon blasted stricter capital rules proposed by U.S. regulators, telling investors on Monday that they could prompt lenders to pull back and stymie economic growth. "I wouldn't be a big buyer of a bank," the chief of the largest bank in the U.S. added, drawing laughter from the audience. Dimon questioned what the regulators were trying to accomplish with the rules. Reporting by Nupur Anand; editing by Lananh Nguyen, Megan Davies, Jonathan Oatis and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Jamie Dimon, Marco Bello, JPMorgan Chase, Dimon, Nupur Anand, Lananh Nguyen, Megan Davies, Jonathan Oatis, Jamie Freed Organizations: JPMorgan Chase &, Reuters, REUTERS, JPMorgan Chase, JPMorgan, First, Federal Reserve, Federal Deposit Insurance Corp, Thomson Locations: Miami , Florida, U.S, New York, China, Ukraine

FILE PHOTO: The logo of Chevron is seen at the company's office in Caracas, Venezuela April 25, 2018. Australia is the world's biggest LNG exporter and its main buyers are in Asia. "Unfortunately, following numerous meetings and conciliation sessions before the Fair Work Commission, we remain apart on key terms," a Chevron spokesperson said. Brad Gandy, a spokesperson for the Offshore Alliance, said the union coalition had agreed "in good faith" to the mediated talks, "but after five days Chevron has barely budged". Energy analyst Saul Kavonic said the strikes appeared to be designed to put more pressure on Chevron to cut a deal rather than substantially affect production.

Persons: Marco Bello, Brad Gandy, ratcheting, Saul Kavonic, Renju Jose, Lewis Jackson, Leslie Adler, Jamie Freed, Miral Fahmy, William Mallard Organizations: Chevron, REUTERS, Rights, Woodside Energy, North West Shelf, Offshore Alliance, CHEVRON, Australian, South, Taiwan . Energy, Thomson Locations: Caracas, Venezuela, Australia, U.S, Asia, British, China, Japan, South Korea, Taiwan, Western Australia, Sydney

Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. A bigger-than-expected draw in U.S. crude oil inventories lent muted support to oil prices. Crude inventories fell by 6.3 million barrels, triple the 2.1 million-barrel drop that analysts expected. Despite its pledge to maintain supply cuts, Russia is expected to boost its oil exports in September as Russian refineries start seasonal maintenance, Reuters calculations based on sources' data show, which is also curbing price gains. Reporting by Yuka Obayashi and Muyu Xu; Editing by Jamie Freed and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Nick Oxford, Brent, Priyanka Sachdeva, Phillip Nova, Tatsufumi Okoshi, WTI, Yuka Obayashi, Muyu Xu, Jamie Freed, Miral Organizations: Midland , Texas U.S, REUTERS, Rights, U.S, West Texas, Investors, Nomura Securities, Energy, Thomson Locations: Midland , Texas, Rights TOKYO, SINGAPORE, Saudi Arabia, Russia, China

Analysts' corn yields span from 171.5 to 175 bpa, meaning all 18 analysts polled by Reuters expect a lower number than in August. Since 2004, corn yield landed outside the range of trade estimates only twice in September: 2018 and 2005. Those increases would account for less than 0.2% of each crop's total harvested area, seen at 86.4 million acres for corn and 82.8 million acres for soybeans. Final harvested corn acres have been lower than in August in eight of the last 10 years. Since the mid-1990s, the largest increase in harvested corn area from August to final was 1.1 million acres (1.3%) in 2007.

Persons: Daniel Acker, Karen Braun, Jamie Freed Organizations: REUTERS, Rights, U.S . Department of Agriculture, Reuters, USDA's Farm Service Agency, USDA, Thomson Locations: Tiskilwa , Illinois, U.S, Rights NAPERVILLE , Illinois

☆ Helicopter crashed into sea off Dubai, search for crew underway -UAE regulator
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: 1 min

DUBAI, Sept 8 (Reuters) - An AeroGulf helicopter crashed into the sea on Thursday evening and a search is underway for its crew of two pilots, UAE's General Aviation Authority said on Friday. The crash occurred off the coast of Dubai after the helicopter had taken off from Al Maktoum International Airport. One of the pilots of the Bell 212 helicopter is Egyptian and the other is South African, the aviation regulator said. "The search and rescue teams have recovered the wreckage, and the search is still underway for the plane's crew, and the air accident investigation team has moved to the site," the authority said. Reporting by Ahmed Elimam; Writing by Tala Ramadan; Editing by Jamie Freed and Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: Ahmed Elimam, Tala, Jamie Freed, Tom Hogue Organizations: UAE's General Aviation Authority, Al, Al Maktoum International Airport, Bell, Thomson Locations: DUBAI, Dubai, Al Maktoum

REUTERS/Mike Segar/File Photo Acquire Licensing RightsSept 7 - Researchers at digital watchdog group Citizen Lab said on Thursday they found spyware they linked to Israeli firm NSO that exploited a newly discovered flaw in Apple (AAPL.O) devices. Citizen Lab did not provide further details on the affected individual or the organization. Apple issued new updates on its devices after investigating the flaws reported by Citizen Lab. An Apple spokesperson said it had no further comment, while Citizen Lab urged consumers to update their devices. A NSO spokesperson said it did not have any immediate comment on the Citizen Lab research.

Persons: Mike Segar, Citizen Lab, John Scott, Railton, Apple, Zeba Siddiqui, Christopher Bing, Jamie Freed Organizations: Apple Inc, Apple, REUTERS, Citizen, NSO, Citizen Lab, University of Toronto's Munk School of Global Affairs, U.S, Thomson Locations: Manhattan , New York, U.S, Washington

A man walks past an installation on a skywalk ahead of the G20 Summit in New Delhi, India, September 6, 2023. The plans for a sweeping, multi-national ports and rail deal would come at a critical time. It also comes as the Biden administration seeks a broader diplomatic deal in the Middle East that would have Saudi Arabia recognize Israel. The negotiations over a multi-country infrastructure deal were first reported by Axios. Beyond the diplomatic implications, officials said they hope such an infrastructure deal could reduce shipping times, cost, the use of diesel and make trade faster and cheaper.

Persons: Francis Mascarenhas, Joe Biden, Narendra Modi, Saudi Crown Prince Mohammed Bin Salman, Biden, Steve Holland, Trevor Hunnicutt, Heather Timmons, Jamie Freed Organizations: REUTERS, Rights, United Arab, Indian, Saudi Crown, Washington, Axios, Thomson Locations: New Delhi, India, U.S, Saudi Arabia, South Asia, United Arab Emirates, Europe, Israel

☆ Lula to attend Brazil Independence Day parade amid tight security
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

Tight security measures have been prepared to contain possible protests by supporters of former President Jair Bolsonaro, some of who stormed government buildings a week after Lula took office in January. During last year's bicentennial Independence Day, in the final stretch of a heated presidential campaign, Bolsonaro mixed military displays with a political rally drawing hundreds of thousands of supporters. In a weekly address on social media on Tuesday, Lula said he was returning the holiday's focus to the armed forces. Police, security and intelligence services have been mobilized to monitor for trouble by Bolsonaro supporters, but officials said they do not expect protests. Reporting by Ricardo Brito; Writing by Anthony Boadle; Editing by Brad Haynes and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Luiz Inacio Lula da Silva, Jair Bolsonaro, Lula, Bolsonaro, Ricardo Brito, Anthony Boadle, Brad Haynes, Jamie Freed Organizations: Army, Police, Thomson Locations: BRASILIA

Search resuls for: "Jamie Freed"

25 mentions found