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☆ Colombia fight back to shock Brazil, Uruguay beat Messi's Argentina
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +3 min

Nov 17 (Reuters) - Brazil lost their second consecutive World Cup qualifier match as Colombia fought back to win 2-1 against the five-times champions, who dropped to fifth place in the South American standings on Thursday. Brazil started well and dominated early proceedings, taking the lead in the fourth minute through a strike by Gabriel Martinelli, assisted by Vinicius Jr.'s fine first touch pass. Diaz burst into tears as he dedicated the win to his father who was celebrating emotionally in the stands. Goals in each half from Ronald Araujo and Darwin Nunez gave Uruguay victory over Lionel Messi's Argentina in a nervy affair at the World Cup champions' Bombonera stadium in Buenos Aires. The visitors were the better side from start to finish and the win put them second in the standings on 10 points, two behind Argentina.

Persons: Luis Diaz, Gabriel Martinelli, Vinicius Jr, Alisson, Diaz, Ronald Araujo, Darwin Nunez, Lionel Messi's, Araujo, Emiliano Martinezm, Nunez, mightily, Messi, TyC, Fernando Kallas, Michael Perry, Simon Cameron, Moore Organizations: Liverpool, Real Madrid, Metropolitano, Argentina, URUGUAY OUTCLASS WORLD, BUENOS AIRES, South America, Uruguay, World, TyC Sports, Thomson Locations: Brazil, Colombia, Barranquilla, Rio de Janeiro, URUGUAY, BUENOS, BUENOS AIRES Argentina, Uruguay, Lionel Messi's Argentina, Buenos Aires, Venezuela, Ecuador

2 pick in the 2016 amateur draft, was dropped by Cincinnati and Gold Glove catcher Jacob Stallings by Miami. A pair of 2019 All-Stars were allowed to go free, designated hitter Daniel Vogelbach by the New York Mets and outfielder Austin Meadows by Detroit. Atlanta jettisoned two more arbitration-eligible players in separate trades with Kansas City, sending right-handers Kyle Wright and Nick Anderson to the Royals. San Francisco reached deals with outfielders Mike Yastrzemski ($7.9 million) and Austin Slater ($4 million), and Baltimore with shortstop Jorge Mateo ($2.7 million), left-hander Keegan Akin ($825,000) and outfielders Sam Hilliard and Ryan McKenna ($800,000 each). Stewart ($1.38 million), Kansas City left-hander Josh Taylor ($1.1 million) and Chicago White Sox right-hander Matt Foster ($750,000).

Persons: Brandon Woodruff, Kyle Lewis, Nick Senzel, Jacob Stallings, Daniel Vogelbach, Austin Meadows, Dakota Hudson, Louis, Matt Bush, Kyle Wright, Nick Anderson, Jackson Kowar, Wright, Anderson, Mike Soroka, Nicky Lopez, Jared Shuster, Riley Gowens, Braden Shewmake, Aaron Bummer, Cleveland, Scott Barlow, Enyel, Enyel De Los Santos, Cal Quantrill, Kody Huff, Ramón Laureano, Peter Bendix, utilityman Vidal Bruján, Calvin Faucher, Erick Lara, Andrew Lindsey, Bendix, Luis Urías, Isaiah Campbell, Woodruff, it’s, Matt Arnold, Laureano, Mike Yastrzemski, Austin Slater, Jorge Mateo, Keegan Akin, Sam Hilliard, Ryan McKenna, Miguel Andujar, Abraham Toro, Jake Cave, Dylan Covey, Garrett Stubbs, Patrick Wisdom, Yency Almonte, Ryan Borucki, D.J, Stewart, Josh Taylor, Matt Foster, Steve Megargee, ___ Organizations: Milwaukee, AL, Cincinnati, New York Mets, Veteran, Kansas City, Royals . Atlanta, Chicago White Sox, Enyel De, The, Miami Marlins, Tampa Bay Rays, Miami, Rays, Seattle, Brewers, San, Chicago Cubs, Los Angeles Dodgers, AP Locations: Arizona, Miami, Detroit, St, Texas, Atlanta, San Diego, Enyel De Los, Colorado, Tampa, Boston, San Francisco, Baltimore, Oakland, Philadelphia, Pittsburgh, Kansas, Milwaukee

☆ 11 U.S. cities where you need to earn more than $200,000 to buy a home
▼ + stars: | 2023-11-17 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

You'll need to make over $200,000 annually to afford a home in some California cities, a recent National Association of Realtors report reveals. Perhaps unsurprisingly, cities that require the highest income are large urban coastal hubs where homes tend to be more expensive. In California, homes are both desirable and scarce, which is why the state has some of the highest home prices in the U.S. Here are the 11 metro areas where households need to earn over $200,000 to afford a median-priced home. Similarly, homes in smaller rust belt and rural cities are much cheaper compared with some cities in California.

Persons: Warren Buffett Organizations: National Association of Realtors, Thousand Oaks, San Locations: California, San Jose, Sunnyvale, Santa Clara , California, Anaheim, Santa Ana, Irvine , California, Francisco, Oakland, Hayward , California, Honolulu, Hawaii, Diego, Carlsbad , California, Salinas , California, Oxnard, Ventura , California, Angeles, Long, Glendale , California, San Luis Obispo, Paso Robles , California, Boulder , Colorado, Naples, Marco Island, Florida, Decatur , Illinois, Charleston , West Virginia, Erie , Pennsylvania, Youngstown , Ohio

☆ Creative Lee delights South Korea coach Klinsmann
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

Faced with a team featuring English Premier League standouts Son Heung-in and Hwang Hee-chan as well as Lee, Singapore kept 10 men behind the ball for much of the Asian qualifying Group C contest in Seoul. "When you play teams that play against you very defensively, you need creativity," Klinsmann told reporters, according to the Yonhap News Agency. Former Germany striker and coach Klinsmann was also impressed with the way Lee tracked back to help out his team defensively. "We coaches try to teach him that it always goes both ways, Luis Enrique at Paris Saint Germain does the same thing," the World Cup winner added. South Korea, looking to qualify for an 11th straight edition of the World Cup finals, take on China in Shenzhen in their second qualifier on Tuesday.

Persons: Korea's Lee Kang, Kim Soo, Juergen Klinsmann, Paris, Paris St Germain, Lee Kang, English Premier League standouts Son Heung, Hwang Hee, Klinsmann, Kang, Lee, Cho Gue, Hwang, Luis Enrique, Paris Saint Germain, Son, Nick Mulvenney Organizations: Soccer, AFC, REUTERS, Paris St, Singapore, English Premier League standouts, Asian, Yonhap News Agency, Paris Saint, Korean, South, Tottenham Hotspur, Thomson Locations: Republic of Korea, Singapore, Seoul, South Korea, Republic, Lee, Germany, China, Shenzhen

☆ Mexican journalist shot dead in his car, motive unclear
▼ + stars: | 2023-11-16 | by ( Jose Luis Gonzalez | ) www.reuters.com time to read: +2 min

[1/3] A photographer takes a picture at the crime scene where photojournalist Ismael Villagomez Tapia of the local newspaper El Heraldo de Juarez was shot dead by unknown assailants, according to local media, in Ciudad Juarez, Mexico November 16, 2023. REUTERS/Jose Luis Gonzalez Acquire Licensing RightsCIUDAD JUAREZ, Mexico, Nov 16 (Reuters) - A Mexican photojournalist was killed in Ciudad Juarez in the early hours of Thursday while working as a ride-share driver, authorities and his employer said. In Mexico, many journalists work outside of the profession to pay the bills. Investigators have not ruled out the possibility that Villagomez was killed due to his work as a journalist, said Salas. "A journalist is a journalist 24 hours a day, whether or not they were working as something else meanwhile," Salas said, adding that Villagomez's cellphone was missing from the scene.

Persons: Ismael Villagomez Tapia, Juarez, Jose Luis Gonzalez, Ismael Villagomez, Carlos Manuel Salas, InDrive, Villagomez, Salas, We're, Jose Ramon Ortiz, Kylie Madry, Rosalba O'Brien Organizations: El, REUTERS, Thomson Locations: Ciudad Juarez, Mexico, CIUDAD JUAREZ, Mexican, de Juarez, El Heraldo

☆ Morning Bid: Ebbing oil sustains economic glow
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +6 min

Word "Oil" and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. That drop, which takes annual producer price inflation as low as 1.3%, was driven largely by falling gasoline prices. And that meets news that China's oil refinery throughput fell back in October as industrial fuel demand weakened. The overall energy and inflation picture is helping buoy consumption and stokes the 'soft landing' narrative investors are betting on. The picture in overseas markets, where the economic picture is cloudier, was more mixed.

Persons: magnifier, Dado Ruvic, Mike Dolan, stokes, Mary Daly, Joe Biden, Xi Jinping, Xi, Biden, Washington, Christopher Waller, Lisa Cook, John Williams, Michael Barr, Loretta Mester, Christine Lagarde, Luis de Guindos, Andrea Enria, Dave Ramsden, Andres Manuel Lopez Obrador, Alexander Smith Organizations: REUTERS, U.S . Energy Information Administration, Walmart, Federal, San Francisco Fed, Treasury, U.S . Senate, Philadelphia Fed, Kansas City Fed, Applied, Ross Stores, Federal Reserve, Lisa Cook , New York Fed, Cleveland Fed, European Central Bank, Bank of England, New York Federal Reserve, Insider Intelligence, Reuters Graphics, Thomson, Reuters Locations: U.S, United States, China . U.S, Target, San Francisco, Taiwan, China, Kansas, Treasuries, Lisa Cook , New, Franciso, Reuters Graphics China

The economy is likely already in recession and is expected to contract again next year. Shortly after being sworn in as economy minister, Massa in August 2022 pledged to stop printing money to fight inflation. "Markets will likely prefer a Milei victory simply because he is more credible on delivering the fiscal adjustment." "Every investor understands that the macroeconomic adjustments that Argentina needs will inevitably translate into short-term pain." For investors, Argentine stocks traded in New York (.MIAR00000PUS) have been a beacon of hope, up near 15% year to date.

Persons: Sergio Massa, Javier Milei, Luis Robayo, Pilar Tavella, Alejo Czerwonko, Massa, Carlos de Sousa, UBS's, JPMorgan's Diego Celedon, Celedon, Rodrigo Campos, Adam Jourdan, Lisa Shumaker Organizations: por la Patria, La Libertad, University of Buenos, Law School, Global, Peronist, Barclays, Reuters Graphics Reuters, Argentina, Monetary Fund, Itau, IMF, Emerging, UBS Global Wealth Management, Vontobel Asset Management, Argentine, UBS, Thomson Locations: Argentina, University of Buenos Aires, Buenos Aires Argentina, New York, Argentine, outperforming

☆ IMF approves $35 bln credit line for Mexico
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

[1/3] Employees work at a stall in an outdoor market dedicated to the sale of fruits and vegetables, in Ciudad Juarez, Mexico July 27, 2023. REUTERS/Jose Luis Gonzalez/File Photo Acquire Licensing RightsMEXICO CITY, Nov 16 (Reuters) - The International Monetary Fund's executive board has approved a two-year, $35 billion flexible credit line for Mexico, it said in a statement on Thursday, noting the Latin American country's economy is undergoing a broad-based expansion. This is Mexico's tenth flexible credit line arrangement since 2009, and the country has reduced amounts of the lines granted in recent years, the IMF said. In 2017, the IMF granted Mexico a credit line worth around $88 billion, which by 2021 was reduced to $50 billion. Authorities will reassess the external risk outlook and their implications on access under the agreement in November 2024, the IMF added.

Persons: Jose Luis Gonzalez, Gita Gopinath, Gopinath, Kylie Madry, Valentine Hilaire, Nick Zieminski Organizations: REUTERS, MEXICO CITY, Monetary Fund's, IMF, Thomson Locations: Ciudad Juarez, Mexico, MEXICO

☆ Argentina election: Will Milei’s plan to ditch peso for the dollar be a vote-winner against Massa?
▼ + stars: | 2023-11-16 | by ( Analysis Stefano Pozzebon | ) edition.cnn.com time to read: +8 min

To fix the problem, Argentina should abandon the peso and adopt the dollar, whose value is set by the US Federal Reserve and cannot be printed at will. Massa has criticized the plan for dollarization as a surrender of national sovereignty and attempted to show that the government’s current actions are already paying dividends. Other mainstream politicians, including former the President Mauricio Macri and another former election candidate, Patricia Bullrich, have endorsed Milei despite sharing some reservations on dollarization. ET) and the vote count is expected to be quick – barring any unforeseen problems or objections, that is. Milei appeared to question the results of the first round of voting in October, although his party did not formally appeal.

Persons: Argentina’s, Sergio Massa, Javier Milei, Milei, Massa, dollarization, Pope Francis, “, Satan ”, Francis, Tucker Carlson, Milton Friedman, Argentinians, Mauricio Macri, Patricia Bullrich, Brazil’s Luiz Inácio Lula da Silva, Colombia’s Gustavo Petro, Spain’s José Luis Rodriguez Zapatero, Jair Bolsonaro, Mario Vargas Llosa, Mariano Rajoy, Donald Trump Organizations: CNN, Massa, Union por la Patria, Union, La Libertad, US Federal Reserve, Cato Institute Locations: Buenos Aires, Argentina, South America, Latin America, Ecuador, El Salvador, US, Argentina’s, Peruvian, Spanish

BARRANQUILLA, Colombia (AP) — Days after he was released by kidnappers, the father of Colombia striker Luis Díaz was in tears on Thursday after he watched his son score both goals in a 2-1 win over Brazil in a World Cup qualifying match. Luis Manuel Díaz was held captive for 12 days in a mountainous region by the ELN guerrilla group. So is soccer and so is life," Luis Díaz said after the match. It was Colombia's first win against Brazil in World Cup qualifying in 15 matches. This is beyond soccer, he deserves it,” said Brazil goalkeeper Alisson, a teammate of Díaz at Liverpool.

Persons: Luis Díaz, Luis Manuel Díaz, Cilenis, “, ” Díaz, ”, Alisson, ___ Organizations: Brazil, Metropolitano Locations: BARRANQUILLA, Colombia, Brazil, Liverpool, Barrancas, Venezuelan, Díaz, Paraguay

☆ Morning Bid: Consumers in focus as Walmart reports
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +3 min

A look at the day ahead in European and global markets from Vidya Ranganathan. Thursday's corporate calendar features a host of earnings reports that will shine further light on the health of the global consumer, as U.S. retailers Walmart (WMT.N), Bath & Body Works and Macy's (M.N) report earnings. Expectations for Walmart ride high after peer Target (TGT.N) surged by almost a fifth on Wednesday in the wake of its consensus-beating holiday sales forecast and upbeat view of its supply chain. Figures on Wednesday showed U.S. producer prices fell at their fastest pace since April 2020, and UK consumer inflation undershot all forecasts. Reuters GraphicsMeanwhile in Asia, Japan's exports are struggling due to slumping China-bound shipments of chips and steel.

Persons: Vidya Ranganathan, Eddie Wu, Christine Lagarde, Jerome Powell, What's, Joe Biden, Xi Jinping, England's Randall Kroszner, ECB's Christine Lagarde, Luis de Guindos, Fed's Loretta Mester, John Williams, Michael Barr, Jacqueline Wong Organizations: Vidya, Walmart, Body, Insider Intelligence, U.S, Bank, Events, Applied Materials, Siemens, SQM, Thomson Locations: U.S, Asia, China, San Francisco, Bath, France

☆ Spain close in on top spot with Cyprus win
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

Nov 16 (Reuters) - Spain closed in on clinching top spot in their Euro 2024 qualifying Group A when they strolled to a 3-1 away win against Cyprus on Thursday. Happy to help the team and for the beautiful goal," Yamal said. "To play football is very difficult and it's difficult to win comfortably, scoring a lot of goals," said De La Fuente. "The opponent also play and they want to please their fans, so we need to be focus all the time. "In the second half we didn't play as well as we did in the first and they had their chances later on.

Persons: Luis de la Fuente, Yamal, Barcelona wonderkid, Mikel Oyarzabal, Joselu, Kostas Pileas, De La Fuente, Fernando Kallas, Julien Pretot Organizations: Cyprus, Spain, Barcelona, Real Sociedad, Real, Thomson Locations: Spain, Scotland, Georgia, Cyprus, Real Madrid

☆ Argentina's conservatives gamble for survival on odd couple Milei and Macri
▼ + stars: | 2023-11-15 | by ( Lucila Sigal | ) www.reuters.com time to read: +5 min

Luis Robayo/Pool via REUTERS/File Photo Acquire Licensing RightsBUENOS AIRES, Nov 15 (Reuters) - Javier Milei shot to prominence lambasting Argentina's traditional political elite. Now the radical presidential election frontrunner is the mainstream conservatives' best shot at clinging onto power. If Milei loses, it could precipitate the fracturing of the conservative coalition between more right-wing and moderate wings. "There may be some Milei voters who get angry at an alliance with the 'caste', just as there may be Macri voters who get angry at an alliance with Milei," said Fornoni. "We don't know today what power Macri will have, if Macri will end up absorbing Milei or Milei absorbing Macri.

Persons: Javier Milei, Luis Robayo, Sergio Massa, Milei, Mauricio Macri, Patricia Bullrich, Donald Trump, Shila Vilker, Trespuntozero, Mariel Fornoni, GAMBLE, Massa, Pope Francis, Milei's, Macri, it's, Ezequiel Salinas, Fornoni, Lucila Sigal, Nicolás Misculin, Adam Jourdan, Rosalba O'Brien Organizations: Argentine, La Libertad, University of Buenos, Law School, Peronist, Management, Bullrich, Reuters, Milei, Thomson Locations: University of Buenos Aires, Buenos Aires Argentina, BUENOS AIRES, China, Candelaria

☆ Cocaine still Colombia drug gangs' top export despite fentanyl's ascendancy
▼ + stars: | 2023-11-15 | by ( Luis Jaime Acosta | Thomson Reuters | Luis Jaime Has Worked At Reuters For More Than Years. While He Chiefly Covers Colombia'S Armed Conflict | ) www.reuters.com time to read: +2 min

Rocketing consumption of synthetic drug fentanyl in the U.S. has led some - including Colombia's President Gustavo Petro - to forecast declines in cocaine production in the Andean country, the world's leading producer. Coca production is taking place in new areas and fresh trafficking routes are opening up, Zapata said. Ecuador's incoming president, Daniel Noboa, who takes office this month, has promised to confront rising crime in the country, where violence linked to drug trafficking has increased sharply. Colombia hopes to destroy 200 square kilometers of coca crops by the end of the year and seize a record 834 tons of cocaine. "Drug trafficking is changing.

Persons: Luisa Gonzalez, Gustavo Petro, We're, Nicolas Zapata, Petro, Zapata, Daniel Noboa, we've, Luis Jaime Acosta, Oliver Griffin, Marguerita Choy Organizations: REUTERS, Rights, Colombian, United Nations Office, Drugs, Thomson Locations: Putumayo, Colombia, Rights BOGOTA, U.S, Europe, Ecuador

☆ Liverpool's Diaz meets father first time since latter's kidnapping
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

[1/4] Luis Manuel Diaz, father of Liverpool player Luis Diaz, arrives to attend a thanksgiving mass at Santa Marta church, after he was freed by Colombia's National Liberation Army (ELN), in Barrancas, Colombia November 12, 2023. NO ARCHIVES Acquire Licensing RightsNov 14 (Reuters) - Liverpool and Colombia winger Luis Diaz has reunited with his father for the first time since the latter's kidnapping ordeal, the Colombian football federation said on Tuesday. Luis Manuel Diaz, 58, was released on Thursday by the leftist National Liberation Army (ELN) 12 days after he was taken hostage on Oct. 28 in Barrancas, a rural municipality where he lives in the northern province of La Guajira. The Colombian FA shared pictures of the father and son's emotional reunion on X, formerly known as Twitter, with the caption "we are family." Diaz's father has said he would remain in Colombia despite his difficult kidnapping experience.

Persons: Luis Manuel Diaz, Liverpool, Luis Diaz, Chiranjit, Christian Radnedge Organizations: Colombia's National Liberation Army, REUTERS, Colombian, National Liberation Army, Liverpool, Sunday's Premier League, Brentford, Brazil, Colombian FA, Thomson Locations: Santa Marta, Barrancas, Colombia, Liverpool, La Guajira, Bengaluru

She is charged with arranging the 2014 murder of Florida State University law professor Daniel Markel, who was shot in the head inside his Tallahassee garage. Political Cartoons View All 1247 ImagesHer son, Dr. Charlie Adelson, was convicted last week of arranging Markel's shooting through a girlfriend, Katie Magbanua. She employed her ex-husband and his friend, both members of the notorious Latin Kings gang, to murder Markel, 41. Charlie Adelson, 47, faces a mandatory life term when sentenced next month. In the conversation, Adelson told Magbanua that she would need to meet with the extortionist and agree to a one-time payment.

Persons: Donna Adelson, Daniel Markel, Jack Campbell, Adelson, ” Campbell, “, ” Adelson, Charlie Adelson, Katie Magbanua, Markel, Magbanua, Sigfredo Garcia, Luis Rivera, Wendi Adelson, Harvey Adelson, Campbell, Markel's, ”, Garcia, Rivera Organizations: Miami International Airport, Florida State University, Miami, Lexus, FBI, Investigators, Toyota Prius, ” Locations: FORT LAUDERDALE, Fla, South Florida, Dubai, Vietnam, United States, Tallahassee, Leon County, Dade, Markel, Mexican

☆ Suarez returns to Uruguay squad, Cavani out injured
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +2 min

Marcelo Bielsa's 24-man list also included fellow striker Edinson Cavani but he has withdrawn after a muscle injury in Boca Juniors' 1-0 win over Newell's Old Boys on Sunday. Mexican club Leon's Federico Vinas has therefore been drafted in as a late replacement. The 36-year-old Suarez, who played his last game for Uruguay in the 2-0 win over Ghana in December at the World Cup, has made 137 international appearances, scoring 68 goals. The striker could return to the top of the all-time South American World Cup qualifying scoring charts, where he trails Argentina's Lionel Messi by two goals with a total of 31. Another record within reach is the number of games played for Uruguay in World Cup qualifiers, currently held by Diego Godin with 65 appearances, three more than the Gremio forward.

Persons: Uruguay's Luis Suarez, Edinson Cavani, Kai Pfaffenbach, Luis Suarez, Cavani, Marcelo Bielsa's, Leon's Federico Vinas, Suarez, Lionel Messi, Diego Godin, Sergio Rochet, Franco, Santiago Mele, Ronald Araujo, Jose Maria Gimenez, Bruno Mendez, Sebastian Caceres, Matias Vina, Sassuolo, Guillermo Varela, Mathias Olivera, Manuel Ugarte, Rodrigo Bentancur, Felipe Carballo, Nicolas de la, Federico Valverde, Giorgian de Arrascaeta, Agustin Canobbio, Maximiliano Araujo, Facundo Pellistri, Facundo Torres, Cristian Olivera, Darwin Nunez, Federico Vinas, Angelica Medina, Ken Ferris Organizations: Soccer Football, FIFA World, Qatar, Lusail, Edinson Cavani REUTERS, Boca Juniors, Newell's, Sunday, South, Argentina, Ghana, Gremio, Sporting, Atletico Madrid, Flamengo, Paris St, Tottenham Hotspur, Athletico Paranaense, Manchester United, Strikers, Angeles FC, Thomson Locations: Portugal, Uruguay, Lusail, Qatar, Bolivia, Internacional, Franco Israel, Barcelona, America, Paris, Paris St Germain, Nicolas de la Cruz, Real Madrid, Athletico, Toluca, Manchester, Orlando City, Angeles, Liverpool, Leon, Mexico City

☆ Euro zone Q3 GDP shrinks, but employment rises
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Fabian Bimmer/File Photo Acquire Licensing RightsBRUSSELS, Nov 14 (Reuters) - The euro zone economy contracted marginally quarter-on-quarter in the third quarter, a new estimate confirmed on Tuesday underlining expectations of a technical recession if the fourth quarter turns out equally weak, but employment still rose. The European Union's statistics office Eurostat confirmed its estimate from Oct 31 that gross domestic product in the 20 countries sharing the euro fell 0.1% quarter-on-quarter in the July-September period for a 0.1% year-on-year rise. European Central Bank vice president Luis de Guindos said last week the euro zone economy was likely to contract slightly or at best stagnate in the fourth quarter after business activity data for October showed further weakening of demand in the dominant services industry. But contrary to the usual trend when the economy weakens, employment in the euro zone rose 0.3% quarter-on-quarter in the same period, for a 1.4% year-on-year increase. The growth slump is caused by strong headwinds from high inflation and record high interest rates as well as the slowly tightening fiscal policy.

Persons: Fabian Bimmer, Luis de Guindos, De Guindos, Jan Strupczewski Organizations: Shipping, REUTERS, Rights, European Central Bank, ECB, Thomson Locations: Hamburg, Germany, Rights BRUSSELS, France, Spain, Belgium, Italy, Austria, Portugal, Ireland, Estonia, Lithuania

☆ Euro zone should not ease bank buffers, ECB says
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

European Central Bank (ECB) Vice-President Luis de Guindos arrives at the Presidential Palace for a meeting with Cyprus President Nikos Christodoulides in Nicosia, Cyprus, October 4, 2023. REUTERS/Yiannis Kourtoglou/File Photo Acquire Licensing RightsFRANKFURT, Nov 13 (Reuters) - Euro zone economic growth will remain weak in the near term as services and the labour market weaken but nations in the bloc should not free discretionary bank buffers to ease the pain, European Central Bank Vice President Luis de Guindos said. A potential concern is that the euro zone economy has been broadly stagnating all year and any recovery next year will be shallow, keeping growth below 1%. "It is likely that the euro area economy will remain subdued in the near term." On the prospects for interest rates, de Guindos said the ECB would have more information in December "to reassess the inflation outlook and required policy action".

Persons: Luis de Guindos, Nikos Christodoulides, Yiannis, de Guindos, Guindos, Balazs Koranyi, Francesco Canepa, Emelia Sithole Organizations: European Central Bank, Cyprus, REUTERS, Rights, ECB, Thomson Locations: Nicosia, Cyprus, Germany, France, Netherlands

Pedro Nuno Santos poses for a portrait between the legislators of Socialist party and left bloc inside Portuguese parliament in Lisbon, Portugal June 21, 2016. The resignation also left Costa's job as secretary-general of the Socialist Party (PS) up for grabs, and whoever wins the leadership race will run for prime minister. Although Nuno Santos' popularity was hurt after he resigned in December 2022 in a scandal around a severance payout by state-owned airline TAP, he is seen as the front-runner by many. Nuno Santos successfully coordinated support for a previous minority government with the far-left in 2015-2019. Reporting by Catarina Demony and Sergio Goncalves; Editing by Andrei Khalip and Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

Persons: Pedro Nuno Santos, Rafael Marchante, Antonio Costa, illegalities, Marcelo Rebelo de Sousa, Jose Luis Carneiro, Carneiro, Nuno Santos, pollsters Aximage, Costa, Adelino Maltez, Costa's, Intercampus, Catarina Demony, Sergio Goncalves, Andrei Khalip, Andrea Ricci Organizations: Socialist, REUTERS, Rights, Socialist Party, Interior, TAP, Diario, Socialists, Social Democrats, Thomson Locations: Lisbon, Portugal, Rights LISBON, Portuguese

☆ Morning Bid: Chip stocks cheered while the rest retreat
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 30, 2023. Monthly retail sales data is due on Wednesday but the country's Singles Day shopping extraganza over the weekend - equivalent to Black Friday sales elsewhere - recorded only meagre growth. A sub-index of tech shares remained firmly positive but another of mainland property developers slumped more than 1%. U.S. retail sales data is also due on Wednesday, preceded by CPI a day earlier. ECB President Christine Lagarde last week said that rates will stay restrictive at least for several quarters.

Persons: Kevin Buckland Chip, Christine Lagarde, Luis de Guindos, Catherine L, Mann, Huw Pill, BoE's Mann, Sweden SEB, Kevin Buckland, Edmund Klamann Organizations: REUTERS, Staff, Wall, Reuters, Nikkei, CPI, Federal Reserve, Finance, Bank of England, New York Fed, Thomson Locations: Frankfurt, Germany, China, Hong Kong, Elswhere, Sweden

☆ Dispersion is coming among emerging market central banks, Citi analyst says
▼ + stars: | 2023-11-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDispersion is coming among emerging market central banks, Citi analyst saysLuis Costa, global head of EM sovereign credit at Citi, says dispersion is coming in emerging market monetary policy, offering opportunities for investors.

Persons: Luis Costa Organizations: Citi

☆ Should Your Ex-Boss Get a Say in Your New Job? Wall Street Says Yes.
▼ + stars: | 2023-11-12 | by ( Luis Ferré-Sadurní | More About Luis Ferré-Sadurní | ) www.nytimes.com time to read: +1 min

For high-powered Wall Street and banking executives, one of the hallmarks of the job comes into play only at the end: a signed noncompete agreement. Five months ago, the State Legislature passed a bill that would outlaw noncompete agreements, one of several efforts nationwide in recent years to protect a range of employees. All kinds of workers — from doctors to hairstylists to sandwich makers — are sometimes unknowingly trapped by the restrictive clauses. But as the implications of a ban at New York City’s most powerful industries have come into focus, so has a deep-pocketed lobbying effort to persuade Gov. Kathy Hochul to not sign it into law — or at least blunt its impact.

Persons: Kathy Hochul Organizations: New York ., State Legislature, Gov Locations: New York

☆ Solanke double fires Bournemouth to upset win over Newcastle
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +2 min

BOURNEMOUTH, England, Nov 11 (Reuters) - Two second-half strikes by forward Dominic Solanke gave Bournemouth a 2-0 home win over a depleted Newcastle United on Saturday which lifted the Cherries to 17th place in the Premier League table, three points clear of the relegation zone. Newcastle were missing a slew of players through injury and suspension, forcing manager Eddie Howe, a former player and manager at Bournemouth, to deploy Anthony Gordon as a makeshift centre forward. Pope's efforts were undone at the resulting corner as his defence failed to clear and Solanke was on hand with an improvised close-range finish to double the lead. The second goal took the wind out of Newcastle's sails and Bournemouth wasted chances to add to their lead through Solanke and substitutes Luis Sinisterra and Dango Outtara. Newcastle defender Kieran Trippier declined to blame his side's hectic schedule and the injuries and suspensions that caused key players to miss the game.

Persons: Dominic Solanke, Eddie Howe, Anthony Gordon, Sean Longstaff, Solanke, Newcastle's Joe Willock, Nick Pope, Marcus Tavernier, Pope's, Luis Sinisterra, haven't, We've, Kieran Trippier, we're, Philip O'Connor, Ed Osmond Organizations: BOURNEMOUTH, Bournemouth, Newcastle United, Premier League, Manchester City, Luton Town, Newcastle, Sky Sports, Champions League football, Thomson Locations: England, Newcastle, Bournemouth, Luton

☆ Mexico's Acapulco hit by garbage pile-up after deadly hurricane
▼ + stars: | 2023-11-11 | by ( Troy Merida | ) www.reuters.com time to read: +3 min

People protest against what they say is the lack of government help, in the aftermath of Hurricane Otis, in Acapulco, Mexico, November 5, 2023. The government has sent in thousands of soldiers to help clean up Acapulco, but residents say rubbish has engulfed some areas so quickly that even traffic is being held up. Mexico's Civil Protection authority did not reply to a request for comment, but the government said getting Acapulco cleared up is a top priority. When questioned about the garbage this week, President Andres Manuel Lopez Obrador said authorities are fumigating the city to prevent disease, and would deal with the problem. "When you've got large numbers of yellow fever mosquitoes, dengue outbreaks are only a matter of time."

Persons: Hurricane Otis, Jose Luis Gonzalez, Rosa Pacheco, Andres Manuel Lopez Obrador, Otis, Alejandro Macias, you've, Troy Merida, Dave Graham, Bill Berkrot Organizations: REUTERS, Rights, Thomson Locations: Hurricane, Acapulco, Mexico, Rights ACAPULCO, La Mira, Mexican

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