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☆ The future of interest rates is more surprises
▼ + stars: | 2023-11-24 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

Observing these oscillating forecasts, a bystander might conclude that nobody knows anything about the future direction of interest rates. The study examined data from 19 countries back to 1870 and found only a tenuous link between the determinants of savings and investment and real interest rates. “No single factor or combination of such factors”, the authors concluded, “can consistently explain the long-term evolution of real interest rates. Indeed, if the trend persisted Schmelzing forecast that “within a generation historically implied real interest rates will have reached negative territory”. Homer and Sylla wryly observe that people assume that the interest rates they encounter are normal and are surprised by what comes next.

Persons: Claudio Borio, “, ”, Paul Schmelzing, Sidney Homer, Richard Sylla, Sylla, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Reuters, U.S, Capital Economics, Bank for International, Austrian, Reuters Graphics Reuters Graphics, Financial, Boston College, Treasury, Thomson Locations: Central, U.S . Federal, London, Japan

Fusion could have an important advantage over today's nuclear fission plants that split atoms, as it does not produce long-lasting radioactive waste. The former secretary of state will announce his plan to lay out the strategy - which foresees commercialization within years, not decades - on Monday on a tour of fusion company Commonwealth Fusion Systems near Boston. "I will have much more to say on the United States’ vision for international partnerships for an inclusive fusion energy future at COP28," Kerry said in a statement. Some critics say fusion will be too expensive and take too long to develop to help in the fight against climate change in the foreseeable future. In 2023, international fusion companies have garnered about $1.4 billion in investments for a total of about $6.21 billion in mostly private money, the Fusion Industry Association said, down from about $2.83 billion in new investment last year.

Persons: John Kerry, Kerry, Claudio Descalzi, Valerie Volcovici, Timothy Gardner, Jan Harvey Organizations: Eni, WASHINGTON, Commonwealth Fusion Systems, Fusion, Massachusetts Institute of Technology, Commonwealth, United, U.S, National, Fusion Industry Association, FIA, Thomson Locations: U.S, Dubai , U.S, Boston, California, United States, COP28, Germany, Japan, China, Australia

BUENOS AIRES, Nov 20 (Reuters) - Argentines expressed a mixture of ecstasy and trepidation on Monday after libertarian outsider Javier Milei, pledging radical fixes to the economy, swept to power with an election win over Peronist government rival Sergio Massa. "It's a great unknown," said Guillermo Toledo, a 51-year-old university professor in the capital Buenos Aires, who said he did not vote for Milei. Milei's win brought flag-waving crowds on Sunday night out to the Obelisk in downtown Buenos Aires, a traditional rallying point for supporters to cheer election or soccer wins. [1/2]Argentine president-elect Javier Milei's supporters celebrate after Milei wins the runoff presidential election, in Buenos Aires, Argentina November 19, 2023. Milei gives me hope things can change," Bernal said.

Persons: Javier Milei, Sergio Massa, Milei, Donald Trump, Jair, Guillermo Toledo, haven't, Milei's, Leandro Boses, Javier Milei's, Adriano Machado, Massa, Claudio Bernal, Bernal, Julia Eva Saggini, Mauricio Macri, Lucinda Elliott, Candelaria Grimberg, Rosalba O'Brien Organizations: Peronist, Argentine, REUTERS, Thomson Locations: BUENOS AIRES, Argentina, U.S, Buenos Aires

[1/4] A screen displays images as Mexican journalist and UFO enthusiast Jaime Maussan (not pictured) hosts a second briefing on unidentified flying objects, known as UFOs, at Mexican Congress, in Mexico City, Mexico November 7, 2023. Maussan said the bodies, believed to have been found near Peru's ancient Nazca lines, were not related to any life on Earth. "They're real," Zuniga told Reuters on the sidelines of the session. Zuniga presented a letter signed by 11 researchers from the university declaring the same. The bodies that he and the other university researchers looked at, however, were real, he said.

Persons: Jaime Maussan, Quetzalli, Maussan, Roger Zuniga, Zuniga, Sergio Gutierrez, Andres Manuel Lopez Obrador's, Celestino Adolfo Piotto, Claudio Yarto, Cassandra Garrison, Christian Plumb, Miral Organizations: REUTERS, MEXICO CITY, San Luis Gonzaga National University, Reuters, Thomson Locations: Mexico City, Mexico, MEXICO, Mexican, San, Ica Peru, Morena, Argentine

Filmmakers Elizabeth Chai Vasarhelyi and Jimmy Chin have given audiences thrilling and sometimes terrifying front-row seats to incredible feats of human ambition in their documentary work. But there would be at least one big difference in bringing “Nyad” to life: actors. Political Cartoons View All 1233 ImagesIn fiction, she found creative collaborators in their decorated core cast: Annette Bening, who plays Nyad, Jodie Foster as her friend and coach Bonnie Stoll, and Rhys Ifans as the ship's navigator. Vasarhelyi wasn’t without any experience working with actors, either, and in fact learned from the best. With their other films, the filmmakers had loved watching their subjects get to see audiences respond to them and their work.

Persons: Elizabeth Chai Vasarhelyi, Jimmy Chin, Alex Honnold’s, El Capitan, they’d, Diana Nyad, “, ”, Nyad, ” Vasarhelyi, Annette Bening, Jodie Foster, Bonnie Stoll, Rhys Ifans, Chin, Vasarhelyi, Nyad ”, Mike Nichols, Julia Roberts, Jude Law, Clive Owen, Natalie Portman, Tom Stoppard, Julia Cox, ” Chin, Foster, “ There's, Bening, Annette, Diana, Oscar, Claudio Miranda, Ang, Pi ”, Miranda, it’d, you’re, We’re Organizations: Key West, Netflix, Associated Press, Formula Locations: Northern Thailand, The, Cuba, Key, Covent Gardens

[1/2] The logo of Deutsche Bank is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman/File Photo Acquire Licensing RightsFRANKFURT, Oct 31 (Reuters) - Deutsche Bank (DBKGn.DE) employee representatives on Tuesday harshly criticized the bank's plans to slash its Postbank branch network, saying the move sends the wrong signal and comes at the wrong time. The reputation of the Postbank brand is severely damaged... and now the bank is starting a new construction project." Reuters Graphics Reuters GraphicsClaudio de Sanctis, the new Deutsche Bank board member overseeing the lender's retail operations, in a staff memo on Monday laid out his vision for Postbank becoming a "mobile-first" bank. Deutsche Bank said that talks with employee representatives would take place soon to determine final details on the cuts.

Persons: Yves Herman, Jan Duscheck, Susanne Bleidt, Claudio de Sanctis, Tom Sims, Rachel More, Emelia Organizations: Deutsche Bank, REUTERS, Rights, Deutsche, Verdi, Reuters, Reuters Graphics Reuters, Thomson Locations: Brussels, Belgium

☆ Deutsche Bank plans to close nearly half its Postbank branches
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

The logo of Deutsche bank is seen in Hong Kong, China July 8, 2019. REUTERS/Tyrone Siu/File Photo Acquire Licensing RightsBERLIN, Oct 30 (Reuters) - Deutsche Bank (DBKGn.DE) plans to close nearly half its Postbank branches by mid-2026 in response to changing demand from customers, a spokesperson for the German bank said on Monday. The bank plans to reduce the number of Postbank branches to around 300 from its current 550, the spokesperson said. Deutsche Bank's new head of private banking, Claudio de Sanctis, had first told the Financial Times about the closures in an interview earlier Monday. He told the FT that the bank's Deutsche-branded branches will also be scaled back, without giving more details.

Persons: Tyrone Siu, Claudio de Sanctis, Friederike Heine, Miranda Murray, Matthias Williams, Tomasz Janowski Organizations: Deutsche, REUTERS, Rights, Deutsche Bank, Financial Times, Thomson Locations: Hong Kong, China

☆ Rio gangsters torch at least 35 buses after Brazil crime boss killed
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

RIO DE JANEIRO, Oct 23 (Reuters) - Criminal groups set at least 35 buses on fire in the Brazilian city of Rio de Janeiro on Monday, according to the industry group that represents bus companies, after police killed a crime boss in an operation. The attacks on buses were concentrated in the west of the city, where rival criminal groups are fighting for territorial control. Industry group Rio Onibus said 20 of the vehicles were city buses, five were part of the city's rapid transit fleet and the remainder were chartered or tourism buses. An aerial views shows buses in fire in the middle of roads, in Rio de Janeiro, Brazil, October 23, 2023, in this screen grab obtained from a video. The attacks disrupted the city's bus rapid transit system, hindering the commute home for residents and workers in the region.

Persons: Rio Onibus, Claudio Castro, Castro, Rodrigo Viga Gaier, Peter Frontini, Josie Kao Organizations: RIO DE, Industry, Rio, GLOBO, REUTERS Acquire, Military Police, Thomson Locations: RIO DE JANEIRO, Brazilian, Rio de Janeiro, Brazil, de Janeiro, Rio

☆ Most of us have a bit of Neanderthal DNA, with some more than others. Scientists think they've figured out why.
▼ + stars: | 2023-10-19 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

AdvertisementAdvertisementMost of us have a little bit of Neanderthal DNA. An employee of the Natural History Museum in London looks at model of a Neanderthal male/ Will Oliver/PA Images/GettyBut that proportion varies, and some people have slightly more Neanderthal DNA than others. People in East Asia, notably, tend to have more Neanderthal DNA in their genomes, but why they have more has long baffled scientists. "So what's puzzling is that an area where we've never found any Neanderthal remains, there's more Neanderthal DNA," study author Mathias Currat, a geneticist at the University of Geneva, told CNN. Their study found that up to about 20,000 years ago, European genomes were indeed richer in Neanderthal DNA than the Asian genomes they have on record.

Persons: —, Will Oliver, we've, Mathias Currat, Currat, Claudio Quilodrán Organizations: Service, University of Geneva, CNN, Harvard Medical School, That's, UNIGE Faculty of Science Locations: London, East Asia, Siberia, Europe, Anatolia, Western Turkey, Western Europe, Asia

NASHVILLE, Tenn. (AP) — Gio Reyna scored his first two internationals goals since a family feud with coach Gregg Berhalter erupted at last year's World Cup, leading the United States to a 4-0 rout of Ghana in an exhibition on Tuesday night. The 20-year-old midfielder's first game under Berhalter since the controversy was in Saturday's 3-1 loss to Germany. A son of former U.S. captain Claudio Reyna and American midfielder Danielle Egan, Gio Reyna was limited to a pair of substitute appearances in Qatar. Reyna got his second goal from an indirect free kick 10 yards out, awarded when Opoku sat on the ball. Reyna poked the ball to Pulisic, who tapped it back, and Reyna kicked the ball into the roof of the net.

Persons: — Gio Reyna, Gregg Berhalter, Reyna, Christian Pulisic, Folarin Balogun, Claudio Reyna, Danielle Egan, Gio Reyna, Berhalter, Sergiño, Nicholas Opoku, Pulisic, Gideon Mensah, Tim Weah, Weah, Jerome Opoku, Opoku, Matt Turner, parry Mohammed Kudus, Lennard Maloney, Chris Hughton, ___ Organizations: U.S, CONCACAF Nations League, Black Stars, South, Berhalter, Mexico Locations: Tenn, United States, Ghana, U.S, Saturday's, Germany, Qatar, Africa, South Africa

High funding needs and central banks removing support are increasing pricing uncertainty for investors, Sophia Drossos, hedge fund Point72 Asset Management's chief economist, said. Spending plans lacking credibility were seen as most likely to spark market turmoil. I suspect not by default, but when markets start reflecting their worries in Treasury prices, by a political crisis and a potentially ugly adjustment," the former IMF chief economist said. Italy's 2.4 trillion-euro debt pile is the focus in Europe, where the IMF has said high debt leaves governments vulnerable to crisis. "We need more investment, not less," said King's College London professor Jonathan Portes, Britain's cabinet office chief economist during the financial crisis.

Persons: Andrew Kelly, Peter Praet, Praet, Sophia Drossos, Daniel Ivascyn, Claudio Borio, Olivier Blanchard, Ray Dalio, Janet Yellen's, Yellen, Jim Leaviss, Giancarlo Giorgetti, Daleep Singh, Joe Biden, Britain's, Yellen's, Jonathan Portes, Clare Lombardelli, Moritz Kraemer, Yoruk Bahceli, Maria Martinez, Leigh Thomas, Giuseppe Fonte, Nell Mackenzie, Naomi Rovnick, William Schomberg, Jan Strupczewski, Dan Burns, Elisa Martinuzzi, Riddhima Talwani, Jayaram, Emelia Sithole Organizations: Financial, of, REUTERS, Institute of International Finance, Reuters, European Central Bank, ECB, Bank for International, Peterson Institute for International Economics, Associates, U.S . Treasury, Wall, Economy, Britain's Treasury, Congressional, Britain's, Institution, Reuters Graphics ACT, King's College London, Labour Party, OECD, Graphics, Thomson Locations: of Manhattan , New York City, U.S, Italy, Britain, United States, Europe, Ukraine, Berlin, Paris, Rome, London, Brussels, Washington, Marrakech

High funding needs and central banks removing support are increasing pricing uncertainty for investors, Sophia Drossos, hedge fund Point72 Asset Management's chief economist, said. Spending plans lacking credibility were seen as most likely to spark market turmoil. I suspect not by default, but when markets start reflecting their worries in Treasury prices, by a political crisis and a potentially ugly adjustment," the former IMF chief economist said. "We need more investment, not less," said King's College London professor Jonathan Portes, Britain's cabinet office chief economist during the financial crisis. Not enough reforms are being implemented, OECD chief economist Clare Lombardelli warned.

☆ Peak crude demand is fueling anger and argument in the world of oil
▼ + stars: | 2023-10-05 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

Peak oil demand refers to the point in time when the highest level of global crude demand is reached, which will be immediately followed by a permanent decline. This would theoretically decrease the need for investments in crude oil projects and make them less economical as other energy sources take over. "Such narratives only set the global energy system up to fail spectacularly," OPEC Secretary General Haitham al-Ghais said in a Sept. 14 statement. The IEA's roadmap calls for daily oil demand to be slashed by 25% in seven years' time. 'We all strive for the same thing'OPEC leaders, meanwhile, point to continuing yearly increases in oil demand, particularly from major emerging markets like China and India.

Persons: Leonard Ortiz, It's, Haitham, Ghais, Claudio Descalzi, Steve Sedgwick, Descalzi Organizations: MediaNews, Orange, Getty, International Energy Agency, OPEC, IEA, Abu Dhabi International Petroleum Exhibition Conference, Abu Dhabi International Progressive Energy Conference, United, Eni Locations: Huntington Beach , California, United Arab Emirates, UAE, OPEC, China, India

☆ Energy storage is good in Europe but prices are still volatile, Eni CEO says
▼ + stars: | 2023-10-02 | 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 EmailEnergy storage is good in Europe but prices are still volatile, Eni CEO saysClaudio Descalzi, CEO of Eni, discusses whether Europe has passed the energy crisis.

Persons: Claudio Descalzi Organizations: Eni Locations: Europe

☆ Eni CEO discusses its new gas discovery in Indonesia
▼ + stars: | 2023-10-02 | 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 EmailEni CEO discusses its new gas discovery in IndonesiaClaudio Descalzi, CEO of the Italian energy giant, speaks to CNBC at ADIPEC in Abu Dhabi about its gas discovery in Indonesia.

Persons: Indonesia Claudio Descalzi Organizations: CNBC Locations: Indonesia, Abu Dhabi

☆ Oil and gas demand is growing but you have to be 'efficient and effective,' ENI CEO says
▼ + stars: | 2023-10-02 | 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 EmailOil and gas demand is growing but you have to be 'efficient and effective,' ENI CEO saysEni CEO Claudio Descalzi says oil and gas demand is growing, but has to be "efficient and effective" for new technologies.

Persons: Claudio Descalzi Organizations: Email

This was not a WWE wrestling show, but the 2023 presidential race in Argentina where political outsider Javier Milei is the leading candidate. Argentine presidential candidate Javier Milei for La Libertad Avanza coalition gestures next to Carolina Piparo, candidate for Governor of the Province of Buenos Aires, during a campaign rally in La Plata, Buenos Aires on September 12. Milei is presenting himself as the candidate of renewal – an offer that clearly struck a chord with people in the primary vote. “I’ll vote for Milei because I think he’ll change things,” says Eduardo Murchio, a taxi driver in Argentina’s capital Buenos Aires. A worker receives Argentine peso banknotes in a shop in Buenos Aires on Sept. 26, 2023.

Persons: “, Javier Milei, –, ”, Donald Trump, Jair Bolsonaro, Carolina Piparo, Agustin Marcarian, Trump, Milei, Milei’s, Eduardo Murchio, “ I’m, it’s, Erica Canepa, Milton Friedman –, Javier Marcus, Marcus, dollarizing, Bolsonaro, Teresa Fria, Pope Francis, Pope, Satan ”, “ Pope Francis, Emiliano Lasalvia, Patricia Bullrich, Sergio Massa, Massa, Cristina Fernandez de Kirchner, Bullrich, Anita Pouchard Serra, Claudio Jacquelin, Facundo Nejamkis Organizations: CNN, WWE, Argentine, La Libertad, National Institute of Statistics, Reuters, Bloomberg, Getty, Rosario National University, Trump, Catholic, CIA, Milei, Unity, Homeland, La, Español Locations: Argentina, Mar del Plata, Argentine, Carolina, Province of Buenos Aires, La Plata, Buenos Aires, Latin America, Ecuador, El Salvador, Panama, AFP, Argentina's

☆ Christiane Endler: Chile’s football federation criticized for handling of star player’s 100th appearance
▼ + stars: | 2023-09-29 | by ( Matias Grez | ) edition.cnn.com time to read: +7 min

CNN —The Chilean football federation (ANFP) has been criticized for its handling of a star player’s 100th appearance for the women’s national team. On Tuesday, Endler, the team’s captain and goalkeeper, made history by becoming the first player to reach 100 caps for the Chile women’s national team in a 2-1 victory over New Zealand. One more for you guys,” Chile national team player Daniela Pardo replied to the graphic on Instagram. Endler captained Chile at its first ever Women's World Cup in 2019. That she has been able to achieve so much is remarkable, coming from a country whose federation has sometimes overlooked its women’s national team.

Persons: Christiane Endler, Endler, “, Edgar Merino, Pablo Milad, ” Milad, Justin Tallis, Tiane, Daniela Pardo, Claudio Bravo, Endler hasn’t, Michael Chow, ” Endler, Germain, Harold Cunningham, FIFPro, Gabriel Boric, ” Camila Garcia, ” Organizations: CNN, Chilean, women’s, Chile women’s, New, New Zealand, Lyon, Women's Champions League, Getty, Chile’s Sports Commission, La Tercera, Chile national, Chile men’s, South, Estadio Nacional, Argentina, Santiago’s, USA, Network, Reuters, ADN, FIFA, Paris Saint, Champions League, America Femenina, Ministry, Labour Locations: Chile, New Zealand, France, La, South American, Santiago’s La Florida, La Florida, Paris, Lyon, Chilean, Haiti

☆ UBS says Zurich and Tokyo are the cities most at risk of being in a housing bubble. Here are the other 15 markets where they warn home prices are overvalued — and the 6 most vulnerable to declines.
▼ + stars: | 2023-09-24 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

This is driving up mortgage rates after years of lower-rate policies, crushing affordability and sinking home prices in some metropolitan areas. In the note, the pair released UBS's most reading of its Global Real Estate Bubble Index. Two cities — Zurich and Tokyo — top the list and are considered to be in "bubble risk" territory by being at least 1.5 standard deviations out of their index norm (Zurich at 1.71 and Tokyo at 1.65). UBS"Such high multiples come from an excessive appreciation of housing prices in the wake of previously low interest rates," Saputelli and Holzhey said. "House prices in all these cities remain vulnerable to corrections should interest rates remain elevated for longer or continue to rise further."

Persons: Claudio Saputelli, Matthias Holzhey, Holzhey Organizations: Federal Reserve, European Central Bank, Reserve Bank of India, Bank of England, Reserve Bank of Australia, Bank of, Central Bank of, Bank of Canada, UBS, Swiss, —, Tokyo —, Miami Locations: Bank of Korea, Central Bank of Brazil, — Zurich, Tokyo, Zurich, Munich, Frankfurt, Hong Kong, Toronto, Geneva, Los Angeles, London, Tel Aviv, Vancouver, Amsterdam, Stockholm, Paris, Sydney

☆ Mexico researchers show progress on drive to replace U.S. corn imports
▼ + stars: | 2023-09-22 | by ( Adriana Barrera | ) www.reuters.com time to read: +3 min

The fields, planted in May, were generating new strands of hybrid seed varieties to be tested in 2024 with release for planting in 2025, they said. Mexico's government wants to ban GM corn for human consumption, including its national staple, tortilla, on concerns about its health impact. It still permits, for now, GM corn as livestock feed and in industrial use in some processed foods and cosmetics. SELF-SUFFICIENCYPresident Andres Manuel Lopez Obrador has been vocal about the need to reduce Mexico's dependence on U.S. corn imports. Still, Mexican Deputy Agriculture Minister Victor Suarez has said replacing 10% to 15% of corn imports is realistic.

Persons: Kellogg, Claudio Carballo, Andres Manuel Lopez Obrador, Victor Suarez, Romel Olivares, Lopez Obrador, Olivares, Adriana Barrera, Cassandra Garrison, Dave Graham, Leslie Adler Organizations: Autonomous University of Chapingo, U.S, Agriculture, Thomson Locations: TEXCOCO, Mexico, United States, Mexico City, Chapingo, U.S, Canada, Mexican

☆ Morning Bid: Messy market mood as oil irks
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +5 min

Model of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022. The crude spur is more supply than demand related and most fingers point to the latest output cuts from Saudi Arabia and Russia. Headline inflation rates are already backing up as a result of the energy price rebound and U.S. gas pump prices rose last week to $3.88 per gallon - the highest since October 2022. Stock markets around the world were mixed to positive and U.S. futures were up a fraction ahead of Wall St's open. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Dado Ruvic, Mike Dolan, Claudio Borio, Mehmet Simsek, Goldman Sachs, Christina Fincher Organizations: REUTERS, U.S . Energy, Administration, Federal Reserve, Bank for International, U.S, Economic, American Chamber of Commerce, Stock, Kingfisher, . Federal Reserve, Treasury, Turkey's, Goldman, Reuters Graphics, Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, Saudi Arabia, Russia, Treasuries, China, Shanghai, Europe, Canada, New York

☆ Australian jobs surge as productivity debate heats up
▼ + stars: | 2023-09-14 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

"Headline indicators report a very strong employment report, but the bias towards predominantly part-time employment should temper exuberance," said Dwyfor Evans, head of APAC macro strategy at State Street Global Markets. Markets maintained bets that the Reserve Bank of Australia (RBA) would keep rates steady next month, with an about 40% chance of one final hike early next year. WAGES, PRODUCTIVITYThe strong figures showed Australia's jobs market is still extremely tight more than and a year-and-a-half after the economy shook off its COVID-era border restrictions. loadingTreasurer Jim Chalmers on Thursday welcomed the strong jobs report, but warned that the labour market could slow from here, a consensus view among economists. Adam Boyton, head of Australian research at ANZ, is already seeing signs of slackening in the labour market, with underemployment rate creeping up and hours worked falling.

Persons: Barista Claudio Chimisso, Loren Elliott, Dwyfor Evans, Tim Gurner, Alexandria Ocasio, Cortez, Jim Chalmers, Chalmers, Adam Boyton, Boyton, Stella Qiu, Kim Coghill, Sam Holmes Organizations: REUTERS, Rights, Australian Bureau, Statistics, Street Global, Reserve Bank, Australian, Reserve Bank of Australia, ANZ, Thomson Locations: Sydney, Australia, China

☆ Costa Rica beat Saudi Arabia after protest at St James' Park
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

[1/5] Soccer Football - International Friendly - Saudi Arabia v Costa Rica - St James' Park, Newcastle, Britain, September 8, 2023 Saudi Arabia's Ali Abdullah Hazzazi in action with Costa Rica's Manfred Ugalde and Francisco Calvo Action Images via Reuters/Lee Smith Acquire Licensing RightsNEWCASTLE, England, Sept 8 (Reuters) - Costa Rica earned a 3-1 win over Saudi Arabia at St James' Park in a friendly on Friday after a pre-match protest by Newcastle United fans over the use of the stadium by the Saudi team. However, they could not find the equaliser and Costa Rica wrapped up the win when Randall Leal fired home in the 89th. Costa Rica interim coach Claudio Vivas told ESPN: "Keylor Navas has a very distinguished career, playing for Real Madrid is important, it's not for just anyone. A group of Newcastle fans protested before the match against the use of St James' Park by Saudi Arabia, who will play again at the stadium on Tuesday versus South Korea. Saudi Arabia won the last of their thee Asian Cup titles in 1996.

Persons: Park, Saudi Arabia's Ali Abdullah Hazzazi, Costa Rica's Manfred Ugalde, Francisco Calvo, Lee Smith, Keylor Navas, Joel Campbell's, Manfred Ugalde, Jimmy Marin's, Roberto Mancini, Ali Al Bulayhi, Feras Al Brikan's, Randall Leal, it's, Navas, Claudio Vivas, He's, St, Angelica Medina, Janina Nuno, Ken Ferris Organizations: Soccer Football, James, Saudi, St James, Newcastle United, Real Madrid, Costa, CONCACAF, Central Americans, ESPN, United Arab, Newcastle, South, Public Investment Fund, AFC Asian, Thomson Locations: Saudi Arabia, Costa Rica, Newcastle, Britain, Saudi, NEWCASTLE, England, Qatar, Italy, Feras, United Arab Emirates, Croatia, South Korea, Mexico City

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Persons: Maxwell Jacob Friedman, Adam Cole, —, Punk, Samoa Joe, Jon Moxley, Britt Baker, Orange Cassidy, Toni Storm, Kenny Omage, Adam Page, Strickland, Sting, Allin Darby, You'll, It's, ExpressVPN, DAZN, it'll, Hikaru Shida, Eddie Kingston, Penta El, Claudio Castagnoli, Wheeler Yuta, Santana, Ortiz, Darby Allin, Christian Cage, Coffin, Kenny Omega, Jay White, Juice Robinson, Konosuke Takeshita Organizations: Wembley, London's, Young, FTR, Samoa, DirecTV, Canada Canadians, Australia Australians, ESPN, Young Bucks, Kota Locations: Canada, Australia, DAZN, United States, United Kingdom

☆ Investors are jumping back into short-term bond funds as rates rise
▼ + stars: | 2023-08-18 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The recent jump in market interest rates may have caught some ETF investors off guard, and they are now shifting back into short-term bond funds that can better withstand rising yields. Bond yields move in the opposite direction of price, and long-term bonds see their prices hit harder when rates rise. As a result, investors are shifting into short-term bond funds. The following short-term bond ETFs were in the top 10 for net inflows over the past week, according to FactSet. The upward move for bond yields has been particularly acute in the long end of the yield curve.

Persons: Claudio Irigoyen, Fitch, Irigoyen, TLT Organizations: Federal, Treasury, Treasury Bond ETF, Bloomberg, Bank of America Locations: U.S, Japan

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