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☆ Nobel laureate Ressa acquitted in Philippine tax case
▼ + stars: | 2023-09-12 | by ( Mikhail Flores | ) www.reuters.com time to read: +2 min

[1/4] Philippines Nobel laureate Maria Ressa faces the media after she and her news site Rappler were acquitted of tax fraud by a trial court in Pasig City, Metro Manila, Philippines, September 12, 2023. After the verdict was announced, Ressa told reporters Her acquittal sends a "good signal" to the business community, as her tax charges "have a lot to do with the rule of law". "The acquittal now strengthens our resolve to continue with the justice system, to submit ourselves to the court despite the political harassment, despite the attack on press freedom," Ressa said. Ressa's acquittal was expected after she was cleared of similar tax charges nine months ago. President Ferdinand Marcos Jr, who has been in office for 14 months, has said he would not interfere in the court cases against Rappler.

Persons: Maria Ressa, Rappler, Eloisa Lopez, Rodrigo Duterte, Ressa, Ferdinand Marcos Jr, Francis Lim, Mikhail Flores, Martin Petty, Kanupriya Kapoor Organizations: REUTERS, Rappler, World Press, Thomson Locations: Philippines, Pasig City, Metro Manila, MANILA, Russian

☆ Nobel laureate Maria Ressa acquitted in Philippine tax case
▼ + stars: | 2023-09-12 | by ( ) www.cnbc.com time to read: +1 min

Philippine journalist and Nobel laureate Maria Ressa reacts outside the Pasig Regional Trial Court following her acquittal in a tax evasion case in Pasig, Metro Manila on Sept. 12, 2023. Philippines Nobel laureate Maria Ressa and her news site Rappler were acquitted of tax fraud by a trial court on Tuesday, in another legal victory for the embattled journalist. After the verdict was announced, Ressa told reporters she felt "good" about the court's decision. Ressa's acquittal was expected after she was cleared of similar tax charges nine months ago. Ressa, 59, is currently on bail and was convicted in 2020 for cyber libel in one of several cases against the website filed by government agencies.

Persons: Maria Ressa, Rappler, Ressa, Rodrigo Duterte Locations: Philippine, Pasig, Metro Manila, Philippines, Russian

☆ MTV VMAs 2023: See the full list of winners
▼ + stars: | 2023-09-12 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +4 min

CNN —The 2023 MTV Video Music Awards were presented on Tuesday. Beyoncé, Doja, Karol G, Minaj and Shakira joined Swift as artist of the year nominees, marking the first time since the category was introduced in 2017 that all artist of the year nominees are women. Shakira received the Video Vanguard Award. The night also welcomed brand new category Best Afrobeats. Demi Lovato, Shakira, Olivia Rodrigo, Cardi B with Megan Thee Stallion, Diddy, Lil Wayne, Doja Cat and Fall Out Boy, among others, all performed during the ceremony.

Persons: Taylor Swift, ”, Doja, Karol G, Minaj, Shakira, Swift, Demi Lovato, Olivia Rodrigo, Cardi, Megan Thee, Lil Wayne, Miley Cyrus –, Nicki Minaj –, Olivia Rodrigo –, Sam Smith, Kim Petras, Bill ” Taylor Swift, Karol, Nicki Minaj Shakira Taylor, Cyrus –, Rema, Selena Gomez, Steve Lacy –, PinkPantheress Reneé Rapp, Saucy Santana –, Booty, Stephen Sanchez – “, Flo Milli, Conceited, Reneé Rapp – “, Sam Ryder –, Armani, GOATED, Fletcher –, Diana ”, FLO –, Lauren Spencer Smith, David Guetta, Bebe Rexha, Post Malone, Bryson Tiller, Yung Miami, Shakira –, Savage, Diddy, Lovato, ” Ed Sheeran, ” Taylor Swift, DJ Khaled, Lil Baby –, Swizz Beatz, ” Nicki Minaj –, Alicia Keys, Chris Brown –, Toosii –, ” Yung Bleu, Nicki Minaj, Metallica, “, –, Ella Baila Sola, Despechá, Starr – “, Musa Keys, ” Rema, Ayra Starr – Organizations: CNN, Metro Boomin, NK – Locations: Reneé Rapp – “ Colorado, Lipa

☆ Maria Ressa: Philippine Nobel laureate acquitted of last tax evasion charge
▼ + stars: | 2023-09-11 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +1 min

Hong Kong CNN —Philippine Nobel Peace laureate Maria Ressa was acquitted of tax evasion Tuesday, according to her news site Rappler, in the latest legal victory for the veteran journalist. Ressa and Rappler are now cleared of all five tax-related charges filed during the administration of former President Rodrigo Duterte, according to CNN affiliate CNN Philippines. “This is really a win not just for Maria … but a win for the Philippines,” Ressa’s lawyer Francis Lim told supporters outside Regional Trial Court in Pasig city. The ruling comes eight months after Ressa was cleared of four earlier counts of tax violations filed in 2018 by Duterte’s government. She won the 2021 Nobel Peace Prize, along with Russian journalist Dmitry Muratov, for her efforts to safeguard freedom of expression in the Philippines.

Persons: Maria Ressa, Ressa, Rodrigo Duterte, Maria …, ”, Francis Lim, Dmitry Muratov Organizations: Hong Kong CNN —, CNN, CNN Philippines Locations: Hong Kong, Hong Kong CNN — Philippine, Philippines, Pasig city, “, Russian

☆ Brazil's Bolsonaro to be hospitalized on Monday for two operations
▼ + stars: | 2023-09-11 | by ( Rodrigo Viga Gaier | ) www.reuters.com time to read: +1 min

Brazil's former President Jair Bolsonaro speaks during a Partido Liberal Mulher event at the Legislative Assembly of the state of Sao Paulo, in Sao Paulo, Brazil, May 6, 2023. Bolsonaro said he will undergo procedures to correct a hiatus hernia and a deviated septum. "The third one is for October or November," Bolsonaro told Reuters. The surgeries will take place at the Vila Nova Star hospital in Sao Paulo where Bolsonaro underwent preparatory examinations last month. On Saturday, Brazil's Supreme Court authorized a cooperation deal between one of his former aides and the country's Federal Police.

Persons: Jair Bolsonaro, Carla Carniel, Bolsonaro, Rodrigo Viga Gaier, Peter Frontini, Steven Grattan, David Holmes Organizations: Partido Liberal, Legislative, REUTERS, DE, Reuters, Vila Nova Star, Brazil's, country's Federal Police, Thomson Locations: Sao Paulo, Brazil, DE JANEIRO

☆ Fantastic Ford kicks 14-man England to win over Argentina
▼ + stars: | 2023-09-09 | by ( Mitch Phillips | ) www.reuters.com time to read: +4 min

"The drop-goals are always planned, it is a great weapon for us," Ford said. "We have had a bit of a rocky build-up to this World Cup but I think in the last 10 days there has been a different feeling to the place." The Pool D match had been billed as a massive challenge for England against a Pumas side who beat them at Twickenham last November. It was the fourth time in the last six games that England had had a man sent off. We have many World Cup first-timers and they will take a lesson of how we need to be ready when the whistle blows."

Persons: Ford, George Ford, Flyhalf Ford, Owen Farrell, Steve Borthwick, Curry, Cruz Mallia, Tomas Lavanni, GENERALSHIP Ford, Jonny Wilkinson’s, Borthwick, ", Rodrigo Bruni, Julian Montoya, Michael Cheika, Mitch Phillips, Ed Osmond Organizations: England, Argentina, Pumas, Twickenham, Jonny Wilkinson’s England, Ford, Thomson Locations: Argentina, MARSEILLE, France, England, Japan, Fiji, Samoa, St Etienne

El Salvador's President Nayib Bukele speaks during a ceremony to lay the first stone of a new public hospital, in San Salvador, El Salvador June 15, 2023. El Salvador's debt repurchases last year and a still-light payments calendar were behind a rally that shrank the premium to hold Salvadoran government debt (.JPMEGDELSR) from above 3,200 basis points in July last year to about 1,000 a year later. Katrina Butt, a senior economist at AllianceBernstein, said that even as the size of the investment is yet to be made public, "Google Cloud's announcement could significantly improve macro fundamentals in El Salvador over time". "Though outperformance of El Salvador has been impressive we think the carry is still attractive given the low default risk." BNP's Marshik said the next leg of the rally could come from good news on El Salvador's relationship with the International Monetary Fund - where the United States is the largest shareholder.

Persons: Nayib Bukele, Jose Cabezas, Nathalie Marshik, Katrina Butt, Shamaila Khan, BNP's Marshik, Siobhan Morden, Rodrigo Campos, Nelson Renteria, Angus MacSwn Organizations: El, San Salvador , El, REUTERS, SALVADOR, Reuters, BNP Paribas, Google, United States, U.S . Embassy, Peace Corps, Central American, U.S, Asia Pacific, UBS Asset Management, International Monetary, IMF, Santander US Capital Markets, Thomson Locations: San Salvador ,, San Salvador , El Salvador, El Salvador, America, Peace, El Salvador's, Asia, United States

☆ Olivia Rodrigo Has Seen the World Now, and She’s Livid
▼ + stars: | 2023-09-08 | by ( Jon Caramanica | More About Jon Caramanica | ) www.nytimes.com time to read: +1 min

That’s the novel approach of Olivia Rodrigo, a modern and somewhat signature pop star. Her jolting debut album, “Sour,” released a few months later, showed her to be a spiky, vivid writer and singer, but one who hadn’t quite seen the world. Two years later, on her poignantly fraught, spiritually and sonically agitated follow-up album “Guts,” Rodrigo has seen too much. As on “Sour,” Rodrigo, who is 20 now, toggles between bratty rock gestures and piano-driven melancholy. Or as she puts it on “Making the Bed,” “I got the things I wanted/It’s just not what I imagined.”

Persons: Taylor, Olivia Rodrigo, ”, ” Rodrigo, “

☆ Insider Today: Analyzing Google salaries
▼ + stars: | 2023-09-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

In today's big story, we're taking a deeper look at the leaked Google salary data by looking at pay ranges across various factors. The sheet detailed 2022 base salaries, equity, and bonuses from over 12,000 Google employees in the US. Google employees who identified as being of Black/African descent had a median base salary at least $23,000 below their Asian, White, and Middle Eastern/North African colleagues. The gap didn't improve among software engineers, as those of Black/African descent had a median base salary $24,500 lower than those of white or European descent. Google employees who identified as being of Black/African descent had a median base salary at least $23,000 below their Asian, White, and Middle Eastern/North African colleagues.

Persons: We've, Tayfun, Rosalie Chan, Hugh Langley, Madison Hoff, Rosalie, Hugh, Madison, Shaw, Ned Davis, Ryan Salame, Salame, Sam Bankman, Tim Cook, Stephen Lam, Sam Altman, Investor Ford Smith, biohacking, Melissa Phillippi, missteps, Goldman Sachs, Sasha Kelemen, Olivia Rodrigo's, Ralph Lauren, —, Joe Jonas, she'd, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Anadolu Agency, Getty, Google, Google's New, Citadel, Ned Davis Research, Wall, Zen, Apple, Reuters Apple, European Commission, Investor, Leerink Partners, York, Kroger Locations: Wall, Silicon, Madison, Google's New York, Bay, Brooklyn, Manhattan , New York City, USA, China, New York City, San Diego, London, New York

The payout includes the approximately $8.4 billion of damages Burford sought plus about $7.6 billion of 8% prejudgment interest running from May 3, 2012, about 2-1/2 weeks after the seizure. Argentina, which is in dire financial straits including a scarcity of foreign exchange reserves, pledged an immediate appeal. Shareholders' $8.43 billion damages estimate was based on Argentina's seizure of the YPF shares on April 16, 2012, which they said transferred "control." But the judge found it "telling" that Argentine officials treated April 16 as the seizure date, which stripped Repsol of its power to run YPF and distribute capital. The judge also called 8% interest "appropriate and equitable," and "well within the range" imposed by Argentine courts.

Persons: Loretta Preska, Burford, Preska, Axel Kicillof, Gabriela Cerruti, Cerruti, Nate Raymond, Jonathan Stempel, Adam Jourdan, Rodrigo Campos, Mark Porter, Will Dunham, Richard Chang Organizations: YPF, U.S, District, Burford Capital, Petersen Energia Inversora, Eton Park Capital, Jefferies, Petersen, Eton Park, Argentina, International Monetary Fund, IMF, Argentine, Thomson Locations: Argentina, U.S, Manhattan, Burford, London, New York, Buenos Aires, Qatar, China, Boston

☆ Better policy could unlock growth in Latam - G30 think tank
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +3 min

The report's recommendations include getting the region's macroeconomic framework in shape, investing better in infrastructure, and strengthening political parties. The Group of 30's think tank working group on Latin America said the region suffers a "governance deficit" that will require "deep and ambitious" political reforms, including at the center of government and legislative power. Mexico and Brazil are treated individually, with the former locked in a "growth paradox" where decades of macroeconomic stability and a sophisticated manufacturing sector have not yielded economic growth. Reuters GraphicsThe working group agreed there is no one action that could unlock output across the region, as even the countries that have a strong macro setup are suffering stagnant growth. Andres Velasco, project director of the G30 Working Group on Latin America, said "the opportunities are obvious" for the region as Latam can provide the world with water, food and clean energy.

Persons: Leonardo Fernandez Viloria, Andres Velasco, we're, Rodrigo Campos, Chizu Organizations: REUTERS, America, Reuters, Thomson Locations: Caracas, Venezuela, Argentina, Ecuador, Chile, Colombia, Peru, Uruguay, Mexico, Brazil, America, West

☆ Copper giant Codelco raises $2 billion in bond offering
▼ + stars: | 2023-09-05 | by ( Fabian Cambero | ) www.reuters.com time to read: +2 min

Codelco's logo is seen at the entrance of its Ventanas copper smelter in Ventanas, Chile October 18, 2019. REUTERS/Rodrigo Garrido/File Photo Acquire Licensing RightsSANTIAGO, Sept 5 (Reuters) - Chile's Codelco raised $2 billion in a bond offering in New York on Tuesday, as the world's top copper producer seeks to fund an investment drive to revive flagging output. "This financing seeks to ensure the availability of resources for the development of a demanding portfolio of investments that for this year will need a total of $4.1 billion," Codelco said in a statement. It said the firm would need to lift its investments to about $4 billion from $3.3 billion to boost its "structural projects." Codelco's production slipped last year to about 1.45 million metric tons, the lowest in around a quarter of a century, and output has slipped further this year with the miner expecting to produce between 1.31 million to 1.35 million metric tons of copper.

Persons: Rodrigo Garrido, Codelco, Moody's, Fabian Cambero, Kylie Madry, Steven Grattan, Emelia, Jonathan Oatis Organizations: REUTERS, Rights, Treasury, BNP, Citi, J.P, Santander, Scotiabank, Thomson Locations: Ventanas, Chile, New York, Morgan

☆ Chile video game brings to life resistance fight against Pinochet dictatorship
▼ + stars: | 2023-09-05 | by ( Natalia A. Ramos Miranda | ) www.reuters.com time to read: +2 min

[1/2] 'Dirty Wars' videogame recreator, Jorge Olivares, inspired by Chile's military coup and the fight against Pinochet's dictatorship, shows a screen with his game featuring La Moneda government palace, in Santiago, Chile, September 4, 2023. The couple in the game, Maximiliano and Abigail, choose to confront the military regime by joining a resistance group. Chile on Sept. 11 will mark half a century since the coup, which saw a violent siege of the government palace in Santiago. Olivares said his game, launched on online gaming platform Steam, was not intended as "Marxist propaganda" or an "allegory" for the Allende government. Reporting by Natalia Ramos and Reuters TV; Editing by Lucinda Elliott and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Jorge Olivares, Pinochet's, Rodrigo Gutierrez, La, Augusto Pinochet's, Salvador Allende, Olivares, Abigail, Santiago . Olivares, Allende, Natalia Ramos, Lucinda Elliott, Josie Kao Organizations: La, REUTERS, Rights, Reuters, Thomson Locations: Santiago , Chile, Chilean, South America, Chile, Santiago

☆ Messi to lead Argentina in opening World Cup qualifiers
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +2 min

Soccer Football - International Friendly - Argentina v Panama - Estadio Monumental, Buenos Aires, Argentina - March 23, 2023 Argentina's Lionel Messi during the match REUTERS/Agustin Marcarian/File photo Acquire Licensing RightsBUENOS AIRES, Aug 31 (Reuters) - Lionel Messi will lead world champions Argentina in their opening World Cup qualifiers against Ecuador and Bolivia, the captain's first internationals since joining Major League Soccer's Inter Miami. Coach Lionel Scaloni's 32-man squad also features stalwarts including Angel Di Maria, who returned to Benfica this year, and defender Nicolas Otamendi. Argentina host Ecuador in Buenos Aires on Sept. 7 and travel to play Bolivia five days later. SquadGoalkeepers: Juan Musso (Atalanta), Emiliano Martinez (Aston Villa), Walter Benitez (PSV Eindhoven), Franco Armani (River Plate). Midfielders: Leandro Paredes (AS Roma), Rodrigo De Paul (Atletico Madrid), Guido Rodriguez (Real Betis), Facundo Buonanotte (Brighton & Hove Albion), Enzo Fernandez (Chelsea), Alexis Mac Allister (Liverpool), Exequiel Palacios (Bayern Leverkusen) and Bruno Zapelli (Athletico Paranaense).

Persons: Lionel Messi, Agustin Marcarian, Lionel Scaloni's, Angel Di Maria, Nicolas Otamendi, Alan Velasco, Bruno Zapelli, Lucas Esquivel, Lucas Beltran, Paulo Dybala, Geronimo Rulli, Juan Musso, Atalanta, Emiliano Martinez, Aston, Walter Benitez, Franco Armani, Nahuel Molina, Gonzalo Montiel, Juan Foyth, Marcos Senesi, Lisandro Martinez, Cristian Romero, Nicolas Tagliafico, Athletico, Leandro Paredes, Rodrigo De Paul, Guido Rodriguez, Facundo Buonanotte, Enzo Fernandez, Alexis Mac Allister, Exequiel Palacios, Nicolas Gonzalez, Lautaro Martinez, Angel Correa, Julian Alvarez, Alejandro Garnacho, Thiago Almada, Ramiro Sandolo, Janina Nuno Rios, Ed Omsond Organizations: Soccer Football, Estadio Monumental, REUTERS, Argentina, Ecuador, Major League Soccer's Inter Miami, Benfica, FC Dallas, Athletico Paranaense, Italy's Fiorentina, AS Roma, Ajax Amsterdam, Aston Villa, PSV Eindhoven, Atletico Madrid, Real Betis, Nottingham Forest, Villarreal, Manchester United, Tottenham Hotspur, Olympique Lyonnais, Brighton & Hove Albion, Chelsea, Bayern Leverkusen, Fiorentina, Inter, Manchester City, Inter Miami, Atlanta United, Thomson Locations: Argentina, Panama, Buenos Aires, BUENOS AIRES, Bolivia, Ecuador, Real, Nottingham, Bournemouth, Olympique, Benfica, Brighton, Liverpool, Athletico, Inter Milan, Manchester

Below are five charts showing what's been moved and/or shaken:1/SHOCK FOR THE STOCKSMSCI's 24-country emerging markets (EM) stocks index (.MSCIEF) is down 6% this month. It is still up for the year, though well below the 13.5% gain this year for MSCI's main global index, which has benefited from a boom in U.S. "mega-cap" stocks. "The markets that have underperformed are the lower-yielding markets like Asia," Mike Arno, a portfolio manager at Brandywine Global, said. "The market doesn't seem to think that China is a major threat," said Aegon Asset Management's head of EM debt, Jeff Grills. Reuters Graphics5/OUT OF AFRICAThe other big trouble spot has been Africa, where debt markets have seen a sharp pullback.

Persons: Jason Lee, what's, Tayyip Erdogan's, Katherine Marney, Mike Arno, Jeff, Erdogan, Van Eck's, Eric Fine, Viktor Szabo, Szabo, Marc Jones, Rodrigo Campos, Alex Richardson Organizations: REUTERS, Reuters, JPMorgan, Brandywine, FX, HK, EMBI, abrdn, Thomson Locations: Beijing, China, Africa, MIWD00000PUS, Hungary, America, Brazil, Argentina, Asia, TURKEY, Gabon, Niger, JPMorgan's Africa, London, New York

The Chinese military regularly sends ships and aircraft through the channel, Taiwan's defence ministry has said. The Chinese Embassy in Manila did not immediately respond to a request for comment on the proposed port in Basco. Cayco confirmed the visit, saying they came "one time to assess" the proposed alternative port. Marcos has said the bases under the Enhanced Defence Cooperation Agreement (EDCA) could prove useful if China attacked Taiwan. Jay Batongbacal, maritime affairs expert at the University of the Philippines, said the proposed port "would certainly be needed for the island’s defence in a worst case scenario."

Persons: Marvin Licudine, Andres Centino, Heather Variava, Noel Beleran, Eric Austin, Marilou Cayco, Batanes, Cayco, Kanishka, MARCOS, Rodrigo Duterte, Ferdinand Marcos Jr, Marcos, Jay Batongbacal, Poppy McPherson, Karen Lema, Raju Gopalakrishnan Organizations: Philippine Military, Embassy, Staff, Education, U.S, Reuters, China, Washington, U.S . Army, ., Enhanced, Security, University of the, Thomson Locations: Philippines, Philippine, U.S, MANILA, Taiwan . U.S, Taiwan, China, Washington, Pacific, Manila, Basco, Asia, Beijing, Batanes, South China, University of the Philippines, Luzon

☆ Biden to Discuss Migration With the President of Costa Rica
▼ + stars: | 2023-08-29 | by ( Zolan Kanno-Youngs | More About Zolan Kanno-Youngs | ) www.nytimes.com time to read: +1 min

President Biden will host President Rodrigo Chaves of Costa Rica at the White House on Tuesday as their countries try to rein in a surge of migration in the Western Hemisphere. Mr. Biden and Mr. Chaves, who was elected last year, will also discuss economic ties and job creation, administration officials said. The Biden administration’s plan to stem illegal migration in the United States involves cracking down on asylum seekers at the U.S.-Mexico border while working with Central American nations, like Costa Rica, to develop ways for migrants to apply for protection closer to their home countries. Costa Rica recently agreed to build two centers where migrants can be processed for such legal protections without crossing the border. About 38,000 migrants from Colombia, Costa Rica and Guatemala have registered for legal protection through the program.

Persons: Biden, Rodrigo Chaves, Chaves Organizations: White, Central, . Locations: Costa Rica, United States, U.S, Mexico, Colombia, Guatemala

The dollar index , which measures the U.S. currency against six peers, edged 0.08 lower to 104.08 after hitting its highest since early June on Friday. "It remains unlikely we get a hike from the Fed in September," Chris Weston, head of research at Pepperstone, said. With the Fed highlighting the importance of the upcoming U.S. economic data, investors' focus this week will be on reports on payrolls, core inflation and consumer spending. But the single currency traded near an almost 11-week low hit on Friday after European Central Bank President Christine Lagarde said policy needed to be restrictive. China's yuan steadied against the dollar, buoyed by the Chinese central bank repeatedly setting stronger-than-expected daily-mid-points.

Persons: Dado Ruvic, Jackson, Jerome Powell, Chris Weston, Weston, Rodrigo Catril, Christine Lagarde, Tommy Wu, Joice Alves, Ankur Banerjee, Mark Potter, Barbara Lewis Organizations: REUTERS, Fed, National Australia Bank, European Central Bank, Bank of Japan, Sterling, London, Thomson Locations: SINGAPORE, U.S, China, Japan, London, Singapore

The dollar index , which measures the U.S. currency against six peers, edged 0.06% lower at 104.11, after hitting its highest since early June on Friday. "But November is shaping up to be a 'live' event, where data points have the potential to throw interest rate expectations around." With the Fed highlighting the importance of the upcoming U.S. economic data, investors' focus this week will firmly be on reports on payrolls, core inflation and consumer spending. According to Refinitiv data, the market is now evenly split on whether there will be another rise in the 3.75% rate in September. China's yuan steadied against the dollar, buoyed by the Chinese central bank persistently setting stronger-than-expected daily-mid-points.

Persons: Dado Ruvic, Jerome Powell, Powell, Chris Weston, Weston, Rodrigo Catril, Christine Lagarde, Tommy Wu, Joice Alves, Ankur Banerjee, Mark Potter Organizations: REUTERS, Fed, National Australia Bank, European Central Bank, Bank of Japan, Thomson Locations: SINGAPORE, China, Beijing, U.S, Japan, London, Singapore

☆ Dollar soft as investors digest 'higher for longer' path
▼ + stars: | 2023-08-28 | by ( ) www.cnbc.com time to read: +3 min

"We will proceed carefully as we decide whether to tighten further or, instead, to hold the policy rate constant and await further data," Powell said in a keynote address. "It is the Fed's job to bring inflation down to our 2% goal, and we will do so." "It remains unlikely we get a hike from the Fed in September," said Chris Weston, head of research at Pepperstone. The single currency was up 0.04% to $1.0804, while the pound was last at $1.2599, up 0.17% on the day. The Australian dollar rose 0.55% to $0.644, while the New Zealand dollar gained 0.32% versus the greenback to $0.592.

Persons: Jerome Powell, Powell, Chris Weston, Weston, Rodrigo Catril Organizations: Fed, National Australia Bank, Bank of Japan, New Zealand Locations: Chicago, U.S, Japan

☆ Olivia Rodrigo, Pop’s Brightest New Hope, Just May Be a Rock Star
▼ + stars: | 2023-08-24 | by ( Caryn Ganz | More About Caryn Ganz | ) www.nytimes.com time to read: +1 min

Olivia Rodrigo, the bearer of perhaps the most famous driver’s license in Los Angeles, piloted her black Range Rover to Westwood on a scorching late July afternoon. Six weeks remained before the release of her second album, “Guts,” and she was racked with anxiety — about finding a spot for her SUV. The car was her dream purchase, her favorite place to listen to music and yes, she feels guilty about the gas. When Rodrigo awoke on a January 2021 morning to news that her first single, the octave-climbing weeper “Drivers License,” had rocketed to No. At the 2022 Grammys, three of her seven nominations turned into wins, including best new artist.

Persons: Olivia Rodrigo, ”, Rodrigo, Alanis Morissette, Gwen Stefani, Billy Joel, Avril Lavigne, Cardi, Halsey Organizations: Disney, Twitter Locations: Los Angeles, L.A

☆ China is furious with Japan's plan to release treated Fukushima water into the ocean
▼ + stars: | 2023-08-23 | by ( Sam Meredith | ) www.cnbc.com time to read: +4 min

A massive earthquake and tsunami in March 2011 destroyed the Fukushima nuclear power plant, which is situated on Japan's east coast, about 250 kilometers (155 miles) northeast of the capital Tokyo. Japan's government has repeatedly said the discharge of the treated water is safe and the U.N.'s nuclear watchdog has endorsed the move. Japanese Prime Minister Fumio Kishida (C) speaks during a meeting with representatives of the Inter-Ministerial Council for Contaminated Water, Treated Water and Decommissioning Issues and the Inter-Ministerial Council Concerning the Continuous Implementation of the Basic Policy on Handling of ALPS Treated Water, at Prime Minister's Office, on August 22, 2023, in Tokyo, Japan. Hong Kong's Chief Executive John Lee, meanwhile, "strongly opposes" the discharge of wastewater from the Fukushima power plant. Hundreds of activists in South Korea had gathered in the capital of Seoul earlier this month to rally against Japan's plan to dispose of the treated water into the ocean.

Persons: Philip Fong, Fumio Kishida, Rodrigo Reyes Marin, Wang Wenbin, Wang, John Lee, Chung Sung Organizations: Afp, Getty, Japan, International Atomic Energy Agency, Inter, Ministerial Council, Minister's, Zuma, Anadolu Agency, Foreign Ministry, Japan's Embassy, CNBC, Hong, Japanese Locations: Shinchi, Fukushima Prefecture, Japan, Japan's, Tokyo, Japanese, China, London, Hong Kong, Seoul, South Korea, Korea, Fukushima

☆ Argentina's Massa expects IMF board OK for $7.5 bln payout
▼ + stars: | 2023-08-22 | by ( Jason Lange | ) www.reuters.com time to read: +2 min

Argentine Economy Minister Sergio Massa speaks to the media on the day of Argentina's primary elections, near a polling station in Tigre, on the outskirts of Buenos Aires, Argentina August 13, 2023. REUTERS/Mariana Nedelcu/File Photo Acquire Licensing RightsWASHINGTON, Aug 22 (Reuters) - Argentine Economy Minister Sergio Massa said on Tuesday that he expects the International Monetary Fund (IMF) board to approve the latest reviews of its huge loan program on Wednesday, unlocking $7.5 billion the embattled country desperately needs. The board green light would come after the South American nation reached a staff-level agreement with the IMF in July to unlock the funds and complete the combined fifth and sixth reviews of its struggling $44 billion loan program. "We are convinced that tomorrow the fifth and sixth reviews will be approved, which will allow us to access a disbursement for Argentina of $7.5 billion," he told reporters at an event in Washington. Reporting by Jason Lange; additional reporting by Rodrigo Campos; Writing by Adam Jourdan; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Sergio Massa, Mariana Nedelcu, Massa, Jason Lange, Rodrigo Campos, Adam Jourdan, Sandra Maler Organizations: Argentine, REUTERS, Rights, Argentine Economy, International Monetary Fund, IMF, Thomson Locations: Tigre, Buenos Aires, Argentina, Argentine, American, Washington

☆ Cryptoassets increase risk in developing economies, study says
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +3 min

The report's guidelines for regulating and supervising cryptoasset markets include bans, containment and regulation. "Given the offshore and pseudo-anonymous nature of cryptoasset markets, an outright ban might not prove enforceable," read the BIS paper. "On the contrary, policymakers would lose all sight of these markets, making these markets even less transparent and predictable. In addition, all potential innovation gains from cryptoasset markets would be lost." Keeping control on the flows between traditional financial systems and cryptomarket assets, or containment, hits similar hurdles as a ban as "controlling funds might not be feasible in practice."

Persons: Dado Ruvic, Rodrigo Campos, Nick Zieminski Organizations: REUTERS, Bank for International, BIS, European Union, Thomson

☆ 'Rich Men North of Richmond': A virtually unknown conservative singer just rocketed to the top of the charts
▼ + stars: | 2023-08-21 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

CNN —The right-wing media universe is maturing — and finding great success — beyond typical news commentary. That’s quite a feat, considering singer Christopher Anthony Lunsford was virtually unknown just weeks ago. It’s also illustrative of the power amassed by right-wing media forces, taking unknown quantities and churning them out into overnight blockbuster hits, a weaponized cudgel against perceived enemies in mainstream institutions. And, while he is a well known country singer, Jason Aldean’s widely criticized “Try That In a Small Town” was not much of a commercial success until it was boosted by right-wing media to the top of the Billboard charts. As conservatives increasingly see legacy media companies and performers as not only disagreeable, but outright evil, it makes sense that they would look toward outsiders to fill their entertainment needs.

Persons: Oliver Anthony Music’s, “, Christopher Anthony Lunsford, Lunsford, Taylor Swift, Morgan Wallen, Olivia Rodrigo, Miley Cyrus, It’s, Donald Trump, Tom Cruise, Jason Aldean’s Organizations: CNN, North, Billboard, Fox News, Trump, Daily, Disney Locations: Richmond, Washington

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