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☆ Investors spy value in cheap Finnish stocks after China and Russia pain
▼ + stars: | 2023-11-29 | by ( Danilo Masoni | ) www.reuters.com time to read: +4 min

Finnish stocks are Europe's biggest laggards this year, as risks stemming from tensions with Russia and concerns over China's stuttering recovery have hurt its exporters. The top 25 stocks in Helsinki are worth a combined $150 billion. The OMX Helsinki 25 (.OMXH25) has lost 10% this year, versus the STOXX 600's (.STOXX) 8% rally. "Finnish stocks are attractively valued and a lot of bad news is priced in," Alava said. "If the European economy recovers in 2024 as I expect, Finnish cyclical stocks should recover too... this could be a good time for long-term investors to increase holdings".

Persons: Finland's, Tomas Hildebrandt, EVLI, Hilderbrant, Hertta Alava, Henrik Ehrnrooth, Schindler, Nordea's Alava, LSEG, Danilo Masoni, Christina Fincher Organizations: OMX Helsinki, STOXX, Nordic, Novo Nordisk, Deutsche Bank, NATO, Russia, Zurich, Otis, Metsa Board, Thomson Locations: Russia, Helsinki, Finland, Europe, China, Ukraine, U.S, French, OMX Helsinki, Alava

☆ WHO Says Gaza's Health System Must Be Protected as Disease Spreads
▼ + stars: | 2023-11-29 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +3 min

By Gabrielle Tétrault-FarberGENEVA (Reuters) - The World Health Organization (WHO) on Wednesday called for Gaza's vulnerable health infrastructure to be safeguarded as the war-torn enclave faces an increased risk of epidemics and challenges in detecting infectious diseases. Speaking at a press conference in Geneva, World Health Organization Director-General Tedros Adhanom Ghebreyesus said only 15 of Gaza's 36 hospitals were still functioning and were completely overwhelmed. "The remaining health system capacity must be protected, supported and expanded." "With severe overcrowding, the risks are increasing for epidemics of respiratory tract infections, acute watery diarrhoea, hepatitis, scabies, lice and other diseases," Tedros said. "Any resumption of violence could damage the health facilities and make more health facilities dysfunctional," said Richard Peeperkorn, WHO Representative in the Occupied Palestinian Territories.

Persons: Gabrielle Tétrault, Farber, Tedros Adhanom Ghebreyesus, Tedros, Mike Ryan, Richard Peeperkorn, Linda Pasquini, Christina Fincher Organizations: Farber GENEVA, World Health Organization, WHO, WHO's, West Bank Locations: Israel, Geneva, Gaza, Palestinian Territories

☆ UK investment advisers face capital hike to cover compensation costs
▼ + stars: | 2023-11-29 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

Signage is seen for the FCA (Financial Conduct Authority), the UK's financial regulatory body, at their head offices in London, Britain March 10, 2022. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Nov 29 (Reuters) - Investment advisers in Britain should hold extra capital to cover compensation costs, regulators proposed on Wednesday, in a bid to put a lid on the rising bill for bad advice. It is important that the polluter pays," Sarah Pritchard, the FCA's executive director of markets and international, said in a statement. Advisers already have to set aside a minimum of 20,000 pounds in capital to operate. PIMFA, a trade body for financial advisers, said it welcomed a "polluter pays" model, but urged a proportionate approach to avoid barring new entrants.

Persons: Toby Melville, Sarah Pritchard, Yadarisa, Dhanya Ann Thoppil, Christina Fincher Organizations: FCA, Financial, Authority, REUTERS, Investment, steelworkers, Thomson Locations: London, Britain, Bengaluru

☆ Digital bank robberies key risk for central bank e-money, BIS report warns
▼ + stars: | 2023-11-29 | by ( Marc Jones | ) www.reuters.com time to read: +2 min

REUTERS/Steve Marcus/File Photo Acquire Licensing RightsLONDON, Nov 29 (Reuters) - Digital bank robberies and other cyber hacks will be a key risk for countries launching digital versions of their currencies, a new report from the Bank for International Settlements has warned. The BIS, dubbed the central bankers' central bank, has been overseeing much of the global development work on central bank digital currencies (CBDCs) and its report is its most comprehensive assessment yet of the challenges. A worst case scenario though would be a cyber hack that saw money stolen from what would effectively be a central bank's digital vault. "Cyber security is a key risk for CBDCs," the report published on Wednesday said, adding they would have "far-reaching implications" for the way central banks currently operate. China is trialling a prototype digital yuan with 200 million users, while the European Central Bank has just begun two years of advanced-stage exploratory work.

Persons: Steve Marcus, Marc Jones, Christina Fincher Organizations: Def Con, REUTERS, Bank for International, BIS, CBDCs, European Central Bank, Thomson Locations: Las Vegas , Nevada, U.S, Bahamas, Nigeria, China

A huge billboard advertising Riyadh, Saudi Arabia as candidate of the World Expo 2030 is seen in Paris as the host country of The World Expo 2030 will be elected by BIE Member States that will gather in the 173rd General Assembly in Paris, France, November 25, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsPARIS, Nov 28 (Reuters) - Saudi Arabia's Riyadh won the right to host the Expo 2030 world fair, vote results showed on Tuesday, in another diplomatic victory for a Gulf country after the Qatar soccer World Cup last year. South Korea's Busan and Italy's Rome were also in the running to host the world fair, a five-yearly event that attracts millions of visitors and billions of dollars in investment. The Saudi capital has proposed to host the event between October 2030 and March 2031. Saudi had in particular won French support, irking Rome.

Persons: Gonzalo Fuentes, Cristiano Ronaldo, Crown Prince Mohammed bin, Prince Faisal bin Farhan Al Saud, Prince Mohammed, Jamal Khashoggi, Emmanuel Macron, Elizabeth Pineau, Michel Rose, Christina Fincher, Richard Chang Organizations: BIE Member, 173rd, Assembly, REUTERS, Rights, Saudi Arabia's, Qatar, Korea's, Riyadh, Busan, Rome, Saudi, Al, Crown, Saudi Foreign, irking, Thomson Locations: Riyadh, Saudi Arabia, Paris, BIE, BIE Member States, France, Saudi, Saudi Arabia's Riyadh, Korea's Busan, Italy's Rome, irking Rome, Lebanon

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 28, 2023. REUTERS/Staff/File Photo Acquire Licensing RightsLONDON, Nov 28 (Reuters) - The EU is falling behind Britain in tapping into savers' money to boost the stock market, despite reforms in continental Europe being a step in the right direction, an official with Germany's bourse told Reuters. For Maassen there is an opportunity in Europe to rival US capital markets. Maassen urged policymakers to speed up the implementation of the Capital Markets Union, a longstanding project to create a single market for capital beyond national borders. Earlier this month, European Central Bank President Christine Lagarde called for a capital markets union, with a single supervisor and trading infrastructure, to finance its digitalisation and green transition.

Persons: Stefan Maassen, Jeremy Hunt, Hunt, ThyssenKrupp, Maassen, Germany's, Christine Lagarde, Lagarde, Pablo Mayo Cerqueiro, Anousha Sakoui, Christina Fincher Organizations: REUTERS, Staff, Germany's bourse, Reuters, Capital Markets, Deutsche, Frankfurt Stock Exchange, Schott Pharma, OLB Bank, DKV, New York Stock Exchange, EU, Capital Markets Union, European Union, European Central Bank, ., Thomson Locations: Frankfurt, Germany, EU, Europe, we're, U.S

A huge billboard advertising Riyadh, Saudi Arabia as candidate of the World Expo 2030 is seen in Paris as the host country of The World Expo 2030 will be elected by BIE Member States that will gather in the 173rd General Assembly in Paris, France, November 25, 2023. South Korea's southeastern city of Busan is competing against Saudi Arabia's Riyadh and Italy's Rome. More than one vote will be necessary if no country gets a majority at the first ballot. Italian Prime Minister Giorgia Meloni personally got involved in trying to persuade international leaders to back the Rome bid, giving it her full political backing. Rome is looking to use the Expo as a way of attracting investment, much as Milan did when it successfully hosted the 2015 Expo.

Persons: Gonzalo Fuentes, Roberto Gualtieri, Crown Prince Mohammed bin, Prince Mohammed, Jamal Khashoggi, Yoon Suk Yeol, Giorgia Meloni, Michel Rose, Elizabeth Pineau, Crispian Balmer, Giselda Vagnoni, Hyonhee, Christina Fincher Organizations: BIE Member, 173rd, Assembly, REUTERS, PARIS, Saudi, City, Crown, Paris . South, Thomson Locations: Riyadh, Saudi Arabia, Paris, BIE, BIE Member States, France, Busan, Saudi's Riyadh, Italy's Rome, Italy, South Korea, South, Rome, Saudi, Lebanon, Paris ., Korea, Italian, Milan, Europe, Dubai, Osaka, Japan, Seoul

Funds' $10 billion net long dollar position in the week ending Nov. 7 was the biggest bullish bet on the greenback since October last year and a huge turnaround from the net short position worth more than $20 billion in mid-July. The last decade has shown that CFTC funds' net dollar positions tend to be long-term, directional trades held for at least a year, the longest of which was the net long from May 2013 through June 2017. But this time may be different - funds have only been net long dollars for nine weeks. The long dollar liquidation in the week to Nov. 14 was mostly against the euro and Japanese yen. Funds expanded their net long euro position by $2.9 billion, or nearly 21,000 contracts, the sixth increase in a row and the biggest since July.

Persons: Dado Ruvic, that's, Morgan, Jamie McGeever, Christina Fincher Organizations: REUTERS, Rights, Futures Trading Commission, Traders, Reuters, Funds, Bank of Japan, FX, Thomson Locations: Rights ORLANDO , Florida

☆ Sierra Leone information minister says weekend attack was a failed coup
▼ + stars: | 2023-11-28 | by ( Umaru Fofana | ) www.reuters.com time to read: +3 min

Sierra Leone's Vice President Mohamed Juldeh Jalloh visits the central Pademba Road prison after unidentified gunmen attacked a military barracks and the prison, following which inmates escaped, in Freetown, Sierra Leone November 27, 2023. We will try to capture them and bring them to the full force of the laws of Sierra Leone." And some were military officers, either retired or serving," army chief of defence staff Lavahun told the news conference. Sierra Leone's main opposition All People Congress of the former president, condemned the attacks in a statement. Sierra Leone, which is still recovering from a 1991-2002 civil war in which more than 50,000 were killed, has been tense since Bio was re-elected in June.

Persons: Sierra, Mohamed Juldeh Jalloh, Umaru, Leone, Ernest Bai Koroma, Chernor Bah, General Patrick Lavahun, Koroma, Bah, Lavahun, Umaru Fofana, Cooper Inveen, Nellie Peyton, Bate Felix, Alison Williams, Christina Fincher, Tomasz Janowski, David Gregorio Our Organizations: Sierra Leone's, REUTERS, U.S . State Department, European Union, Thomson Locations: Freetown, Sierra Leone, FREETOWN, Sierra, West, United States

☆ Hamas senior official invites Elon Musk to visit Gaza
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

Tesla, X (formerly known as Twitter) and SpaceX's CEO Elon Musk speaks with members of the media during the AI Safety Summit at Bletchley Park in Bletchley, Britain on November 1, 2023. Leon Neal/Pool via REUTERS/File Photo Acquire Licensing RightsNov 28 (Reuters) - A Hamas senior official invited U.S. billionaire Elon Musk on Tuesday to visit the Palestinian Gaza strip to see the extent of destruction caused by the Israeli bombardment. "We invite him to visit Gaza to see the extent of the massacres and destruction committed against the people of Gaza, in compliance with the standards of objectivity and credibility," Hamas' senior official Osama Hamdan said in a press conference in Beirut. Musk owns the X social media platform. Hamdan's comments comes one day after a temporary truce between Israel and Hamas was extended for an additional 48 hours.

Persons: Tesla, Elon Musk, Leon Neal, Osama Hamdan, Musk, Israel, Biden, Hamdan, Moaz Abd, Alaziz, Adam Makary, Christina Fincher, Alistair Bell Organizations: SpaceX's, Bletchley, U.S, US, Thomson Locations: Bletchley, Britain, Palestinian Gaza, Gaza, Beirut, Israel, Cairo

[1/4] A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. In precious metals, gold hit a six-month high with a boost from the softer dollar and expectations for a pause in Fed tightening. There's a growing sense the economy is slowing, that price growth will likely continue to fall, that profit growth will likely fall," said Jack Ablin, chief investment officer at Cresset Capital, in Chicago. The U.S. dollar index slid against most major currencies on Monday and was on track for a monthly decline of more than 3%, which would be its biggest monthly drop in a year. The dollar index was down 0.203%, with the euro up 0.11% to $1.0951.

Persons: Brendan McDermid, Brent, Jack Ablin, Ablin, Christine Lagarde, Jim Barnes, Sterling, Sinéad Carew, Chuck Mikolazczak, Harry Robertson, Wayne Cole, Stephen Coates, Ed Osmond, Chizu Nomiyama, Christina Fincher Organizations: New York Stock Exchange, REUTERS, Treasury, U.S, Federal Reserve, Cresset, Dow Jones, Nasdaq, European Central Bank, Central, Reuters Graphics Oil, Thomson Locations: New York City, U.S, Europe, OPEC, Chicago, Bryn Mawr, Berwyn , Pennsylvania, Israel, New York, London, Sydney

REUTERS/Leonhard Foeger/File Photo Acquire Licensing RightsLONDON, Nov 27 (Reuters) - OPEC+ is looking at deepening oil production cuts despite its policy meeting being postponed to this Thursday amid a quota disagreement between some producers, an OPEC+ source said on Monday. An OPEC+ source said he expected there to be an option for a "collective further reduction" on Thursday, without providing details. OPEC+ sources earlier this month said the group was set to consider additional cuts. OPEC member Kuwait is committed to any decisions issued by OPEC, especially those that concern market quotas and oil production, the country's oil ministry said in a post on social media platform X. This will be followed at 1400 GMT by a meeting of the full policy-making group of OPEC+ ministers, the agenda showed.

Persons: Leonhard Foeger, Ahmad Ghaddar, Alex Lawler, Louise Heavens, Dmitry Zhdannikov, Christina Fincher Organizations: Organization, REUTERS, of, Petroleum, Reuters, OPEC, Thomson Locations: OPEC's, Vienna, Austria, OPEC, Russia, Kuwait, Saudi Arabia, Saudi

☆ UK reaches deal with unions which could end senior doctor strikes
▼ + stars: | 2023-11-27 | by ( Kylie Maclellan | ) www.reuters.com time to read: +2 min

REUTERS/Susannah Ireland/File Photo Acquire Licensing RightsLONDON, Nov 27 (Reuters) - The British government and medical trade unions said on Monday they had reached a deal which could see an end to months of disruptive strike action by senior doctors in England. This would see a clearer link between pay progression and evidence of skills, competencies and experience, it added. Under the offer, consultants will reach the top of the pay scale five years sooner than now, it added. Sunak has made cutting NHS patient waiting lists one of his top priorities ahead of an election expected next year. More than 7.8 million people in England are on a waiting list for hospital treatment and more than a million appointments have been rescheduled by strike action.

Persons: Susannah Ireland, Rishi Sunak, Sunak, Vishal Sharma, Kylie MacLellan, William James, Christina Fincher Organizations: St Thomas’s Hospital, REUTERS, British, of Health, Social Care, British Medical Association, BMA, Hospital Consultants, Specialists Association, Thomson Locations: England, St Thomas’s, London, Britain

☆ China's central bank pledges to support domestic demand
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Thomas Peter/File Photo Acquire Licensing RightsBEIJING, Nov 27 (Reuters) - China's central bank on Monday said it would fend off systemic risks to the economy and use forceful and targeted monetary policy to better support domestic demand. "Prudent monetary policy should be precise and forceful, with greater emphasis on cross-cyclical and countercyclical adjustments, enriching the monetary policy toolbox," the bank said. The bank added it would "further unblock the monetary policy transmission mechanism", enhance the stability of financial support for the real economy and keep prices "reasonably stable". China's economy is gaining momentum, but it faces challenges such as an imbalanced global economic recovery and an unstable foundation for domestic economic recovery, the central bank said. "Supply and demand dynamics in the property market have greatly changed," the central bank said.

Persons: Thomas Peter, Liangping Gao, Kevin Yao, Ella Cao, Ethan Wang, Bernard Orr, Toby Chopra, Christina Fincher Organizations: Central Business District, National People's Congress, REUTERS, Rights, Thomson Locations: Beijing, China, Rights BEIJING

☆ Israeli hostage, 84, released by Hamas in 'fight for her life'
▼ + stars: | 2023-11-27 | by ( Emily Rose | ) www.reuters.com time to read: +3 min

Elma Avraham, 84, who was released after being taken hostage during the October 7 attack by Palestinian militant group Hamas, appears in this undated handout image, obtained by Reuters on November 26, 2023. When Hamas released her on Sunday, she was in a "fight for her life", according to hospital staff. The great-grandmother was freed with 16 other hostages, including a four-year-old American girl named Abigail Edan, on the third day of a truce between Israel and Hamas. "She was kept in harsh conditions," Israeli military spokesman Rear Admiral Daniel Hagari said. They said a medical doctor had accompanied Avraham as she and hostages were taken out of Gaza.

Persons: Elma Avraham, Abigail Edan, Avraham's, Tali Amano, Daniel Hagari, Amano, Hagai Levine, we're, Avraham, Emily Rose, Christina Fincher, Angus MacSwan Organizations: Palestinian, Hamas, Reuters, REUTERS Acquire, Rights, ICRC, Thomson Locations: Kibbutz, Israel, Beersheba, Gaza

☆ Support for Germany's Greens falls amid budget crisis, poll shows
▼ + stars: | 2023-11-25 | by ( ) www.reuters.com time to read: +2 min

[1/2] Germany's Greens party co-leaders Omid Nouripour, Ricarda Lan, German Economy and Climate Protection Minister Robert Habeck and German Foreign Minister Annalena Baerbock applause during the 49th Greens party convention in Rheinstetten, near Karlsruhe, Germany, November 25, 2023. REUTERS/Wolfgang... Acquire Licensing Rights Read moreFRANKFURT, Nov 26 (Reuters) - The Green Party's popularity with voters has fallen to its lowest in over five years, a poll showed on Sunday, as Germany's coalition government grapples with a big hole in its budget. A weekly poll conducted by the INSA institute for the Bild am Sonntag newspaper showed 73% of respondents were dissatisfied with the federal government. "The coalition falls to 34%, 18 percentage points less than in the 2021 federal election," said INSA's head Hermann Binkert. "At the moment it does not look like the SPD or the Greens will be able to lead the government after the 2025 general election."

Persons: Omid Nouripour, Ricarda Lan, Robert Habeck, Annalena, Wolfgang, Annalena Baerbock, Hermann Binkert, Olaf Scholz, Emma, Victoria Farr, Christina Fincher Organizations: Germany's Greens, Climate, German, 49th Greens, REUTERS, The Greens, Social Democrats, Free Democrats, SPD, Greens, CDU, CSU, Thomson Locations: German, Rheinstetten, Karlsruhe, Germany, FRANKFURT

☆ Dutch politician Wilders vows 'I will be prime minister' on X
▼ + stars: | 2023-11-25 | by ( ) www.reuters.com time to read: +2 min

Dutch far-right politician and leader of the PVV party, Geert Wilders gestures as he meets with members of his party at the Dutch Parliament, after the Dutch parliamentary elections, in The Hague, Netherlands November 23, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsAMSTERDAM, Nov 25 (Reuters) - Veteran Dutch anti-Islam politician Geert Wilders on Saturday vowed to be prime minister of the Netherlands eventually, following an election in which his party won the most seats. "Today, tomorrow or the day after, the PVV will be part of government and I will be prime minister of this beautiful country," Wilders wrote. Although Wilders' Freedom Party (PVV) finished well ahead of rivals in the Nov. 22 vote on an anti-immigration platform, his party is forecast to take only 25% of the seats in Dutch parliament. On Friday, the conservative VVD Party of caretaker Prime Minister Mark Rutte, which shares many of Wilders' views on immigration, said it would not participate in a cabinet with him.

Persons: Geert Wilders, Yves Herman, Wilders, Mark Rutte, Dilan Yesilgoz, Pieter Omtzigt, Toby Sterling, Christina Fincher Organizations: REUTERS, Rights, Veteran, Freedom Party, VVD Party, Party, Thomson Locations: The Hague, Netherlands, Veteran Dutch, Dutch

☆ India markets regulator to oversee online platforms offering fraction real estate assets
▼ + stars: | 2023-11-25 | by ( Jayshree P Upadhyay | ) www.reuters.com time to read: +2 min

A man walks past the Securities and Exchange Board of India (SEBI) headquarters in Mumbai, India, April 19, 2023. REUTERS/Francis Mascarenhas Acquire Licensing RightsMUMBAI, Nov 25 (Reuters) - The board of India's markets regulator on Saturday said it will regulate online platforms offering fractional ownership of real estate assets, and such platforms will be registered under a framework for small and medium real estate investment trusts. In a statement after its quarterly board meeting, the Securities and Exchange Board of India (SEBI) also said that fresh investments by alternative investment funds would be stored electronically from Sept. 2024. But Buch said the rise in equity derivatives trading did not pose any systemic concerns. Concerns regarding SEBI's plan to allow same-day settlement of equity market trades to help retail investors were "exaggerated”, Buch said.

Persons: Francis Mascarenhas, Madhabi Puri Buch, Buch, SEBI, Jayshree, Krishn Kaushik, Alexandra Hudson, Christina Fincher Organizations: Securities and Exchange Board of India, REUTERS, Rights, National Stock Exchange, Thomson Locations: Mumbai, India, Rights MUMBAI

☆ Thai Mother Danced With Joy After Daughter Released From Gaza
▼ + stars: | 2023-11-25 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +1 min

By Napat WesshasartarBAN KHOK SAMRAN (Reuters) - When Natthawaree Mulkan's mother saw that her daughter was among the Thai hostages released by Hamas, she was so happy she danced with her 8-year-old granddaughter outside their home in northeastern Thailand. I came out and danced," Bunyarin Srijan, 56, said pointing to her patio. Natthawaree, a mother of two, was one of 10 Thai hostages freed by Hamas during the first truce of a seven-week-old war that started with the Palestinian militant group's Oct. 7 assault on southern Israel. Bunyarin said her daughter had planned to marry her boyfriend, Boonthom Phankhong, who was also abducted by Hamas and released on Friday. Thai Prime Minister Srettha Thavisin said on Saturday that the government was still trying to secure the release of 20 Thai citizens who remain captive.

Persons: Napat, KHOK SAMRAN, Natthawaree, Bunyarin, clasped, Boonthom Phankhong, Srettha Thavisin, Chayut Setboonsarng, Christina Fincher Organizations: Hamas, Thai Locations: Thailand, Israel

☆ ECB's Holzmann tells paper he wants cut in PEPP reinvestments from March
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: 1 min

European Central Bank policymaker and Governor of the Austrian National Bank Robert Holzmann addresses the media in Vienna, Austria, March 23, 2023. REUTERS/Leonhard Foeger/File Photo Acquire Licensing RightsVIENNA, Nov 24 (Reuters) - European Central Bank policymakers should discuss at their meeting next month whether to wind down bond reinvestments under the Pandemic Emergency Purchase Programme early, Austrian Governor Robert Holzmann said in remarks published on Friday. "My suggestion would be to reduce reinvestments step by step as of March," Holzmann told Austrian newspaper Die Presse. Those reinvestments are slated to run until the end of 2024 but some policymakers have made the case for starting to wind them down early. Reporting by Francois Murphy; editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Austrian National Bank Robert Holzmann, Leonhard Foeger, Robert Holzmann, Holzmann, Francois Murphy, Christina Fincher Organizations: European Central Bank policymaker, Austrian National Bank, REUTERS, Rights, Central Bank, Austrian, Die Presse, Thomson Locations: Vienna, Austria, Austrian

☆ Europe Should Not Shy Away From Working With China, Wang Says
▼ + stars: | 2023-11-24 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

BEIJING (Reuters) - Europe should not be afraid of working with China because of competition, foreign minister Wang Yi said at a press briefing on Friday with his French counterpart in Beijing. "China's position is clear, we will adhere to our support of Europe's strategic autonomy," Wang said when asked about China's view of its relationship with Europe. China, facing trade issues with the European Union, has also been called out for its non-transparent laws on foreign businesses operating in the country. "We will listen to the voices of European businesses, earnestly solve problems of foreign investors in China," Wang said. Wang said China maintains normal friendly relations with all countries including Iran and Russia, as well as France.

Persons: Wang Yi, Wang, Catherine Colonna, Premier Li Qiang, “, Laurie Chen, Ethan Wang, Bernard Orr, Christina Fincher Organizations: French, Premier, European Union Locations: BEIJING, Europe, China, Beijing, Iran, Russia, France

☆ Euro profits from better euro zone data; U.S. market shut
▼ + stars: | 2023-11-23 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

REUTERS/Marcos Brindicci/File Photo Acquire Licensing RightsLONDON, Nov 23 (Reuters) - The euro edged up on Thursday after data suggested the downturn in the euro zone economy may be starting to ease, although holidays in the U.S. and Japan kept trading activity muted. Earlier in the day, the euro rose against most other major currencies, following the surveys. The survey showed the euro zone economy is on track to contract again in the fourth quarter. Its PMI rose to 43.8 from 43.1, beating the poll expectation for 43.4 but was still below breakeven. The euro was up last up 0.18% on the day at $1.09075, having traded as high as $1.0931 earlier in the day.

Persons: Marcos Brindicci, There's, Michael Brown, Brown, Geert Wilders, Sterling, Jeremy Hunt, Changpeng Zhao, Bitcoin, Vidya Ranganathan, Lincoln, Emelia, Marguerita Choy, Christina Fincher Organizations: REUTERS, PMI, Saxo Bank, British, Federal, University of Michigan, Fed, Bank of Japan, Thomson Locations: Buenos Aires, Argentina, U.S, Japan, Germany, EU, Wednesday's, Netherlands, Singapore

☆ Stocks maintain November reign, oil hit by OPEC doubts
▼ + stars: | 2023-11-23 | by ( Marc Jones | ) www.reuters.com time to read: +5 min

Bull statues are placed in font of screens showing the Hang Seng stock index and stock prices outside Exchange Square, in Hong Kong, China, August 18, 2023. Wall Street's benchmark S&P 500 (.SPX) is nearing a fresh high for 2023, with the S&P 500 and MSCI's all-country world index (.MIWD00000PUS) both up more than 8% this month alone. For MSCI world that is the best showing since November 2020 when markets got a major shot in the arm from COVID vaccine hopes. Germany's 10-year bund , the benchmark for the Europe, was fractionally higher on the day at 2.57% having touched 3% last month. Bitcoin fell by 0.77% on Thursday to $37,337 after it rose nearly 5% on Wednesday.

Persons: Tyrone Siu, Geert Wilders, Robert Alster, Viktor Orban, Wilders, Mark Rutte, Sterling, Jeremy Hunt, Changpeng Zhao, Marc Jones, Christina Fincher Organizations: REUTERS, PMI, ECB, Oil, Traders, Asset Management, European Union, Freedom Party, Labour, Green, People's Party for Freedom and Democracy, European, HK, Reuters, Treasury, UK Finance, OPEC, Thomson Locations: Exchange, Hong Kong, China, Europe, U.S, EU, Germany, Holland, Ukraine, Turkey, Asia, Pacific, Japan, Brent, Bitcoin

☆ Euro zone business activity fell again in November
▼ + stars: | 2023-11-23 | by ( Jonathan Cable | ) www.reuters.com time to read: +3 min

LONDON, Nov 23 (Reuters) - The downturn in euro zone business activity eased in November but remained broadbased, suggesting the bloc's economy will contract again this quarter as consumers continue to rein in spending, a survey showed. "Ongoing weakness in the euro zone business surveys suggests a recession is on the horizon. The new business index rose to 46.7 from 45.6. Manufacturing activity, which has contracted every month since July 2022, fell again in November. Its PMI rose to 43.8 from 43.1, beating the poll expectation for 43.4 but resolutely below breakeven.

Persons: Mike Bell, Stephane Mahe, Bert Colijn, Jonathan Cable, Christina Fincher Organizations: PMI, P Global, Reuters, Morgan Asset Management, REUTERS, European Union, ING, Thomson Locations: October's, J.P, France, Nantes, Britain

Abandoned bicycles lie at the international border crossing, as migrants arrive to the northern border stations between Finland and Russia, in Salla, Lapland, Finland November 23, 2023. Finland on Wednesday said it will close all but the northernmost crossing point on its 1,340 km (830 miles) border with Russia, leaving open only a remote Arctic route from Friday morning onwards. Frontex in a statement said it would deploy 50 border guard officers and other staff to Finland along with equipment such as patrol cars, to bolster control activities. Frontex said it would send a first group of staff on Nov. 29, including border surveillance officers, support for registering migrants, document experts and interpreters. Reporting by Anna Ringstrom in Stockholm and Essi Lehto in Helsinki, editing by Terje Solsvik and Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Lehtikuva, Jussi Nukari, Coast Guard Agency Frontex, Mari Rantanen, Rantanen, Frontex, Anna Ringstrom, Essi, Terje Solsvik, Christina Fincher Organizations: REUTERS, Rights, Coast Guard Agency, Nordic, Kremlin, Finland, Thomson Locations: Finland, Russia, Salla, Lapland, Rights STOCKHOLM, Helsinki, Moscow, funnelling, Yemen, Afghanistan, Kenya, Morocco, Pakistan, Somalia, Syria, Stockholm

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