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☆ Russian jeweller Sokolov pivoting to China with Moscow IPO in pipeline
▼ + stars: | 2022-11-29 | by ( Olga Popova | ) www.reuters.com time to read: +2 min

Amid a wave of Russian initial public offerings (IPO) last year, Sokolov said it wanted to list in New York and Moscow in 2023. But Russia sending tens of thousands of troops into Ukraine in February led many companies to reassess IPO plans. The strategic objective is to bring the company into the public arena," Sokolov said. At least 10 companies had been looking to go public in 2022 before Russia's IPO market stalled, but signs of life may be re-emerging. "We want to become a prominent player in the local market within three to five years," Sokolov said.

The average year-to-date losses on Thanksgiving days in these years was 10.5%, and the average rise post-Thanksgiving through Dec. 31 was 1.5%. The S&P 500's year-to-date loss on Thanksgiving Thursday this year was 15.5%, having been down as much as 27% in mid-October. chartIf ever there was a year Wall Street was primed to register an above-average whoosh in the last few trading weeks of the year, this is it. Even beyond investors' instinctive "FOMO" (fear of missing out) on the upswing underway, positioning is extremely light and portfolios are historically underweight stocks. Relative to average positioning over the past 10 years, investors' biggest underweight position this month is in stocks.

☆ Polish residents said they heard a loud 'whoosh' right before a missile killed 2 farmers in a field: report
▼ + stars: | 2022-11-16 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Residents of the Polish village of Przewodów said they heard a loud "whoosh" just before a missile killed two Polish citizens on Tuesday, according to CNN. The two people killed were farmers in working in a field, said CNN's Matthew Chance, who spoke with village residents familiar with the pair. Poland, a NATO member, has yet to say if it's determined where the missile was fired from, or why it fell on Przewodów. However, the country is considering invoking Article 4 of the NATO military alliance treaty, said Polish government spokesperson Piotr Muller, per Reuters. Article 4 allows any NATO member nation to consult the rest of the alliance on issues of territorial integrity, political independence, or national security.

☆ Remaking the River That Remade L.A.
▼ + stars: | 2022-11-10 | by ( Michael Kimmelman | Photographs Adali Schell | ) www.nytimes.com time to read: +33 min

Remaking the River That Remade L.A.February 1938 was a wet month in Los Angeles. Reservoirs overflowed, dams topped out and floodwaters careered down Pacoima Wash and Tujunga Wash toward the Los Angeles River. The Los Angeles River was never a storybook river of the kind that, like the Hudson or the Seine, we associate with great cities. Among the naysayers is a venerable organization called Friends of the Los Angeles River, founded by the Texas-born poet and performance artist Lewis MacAdams. “With all the problems L.A. is facing,” he said, “even if it costs $50 billion to fix the river, we should just effing do it.”The headwaters of the Los Angeles River aren’t easy to find.

By contrast, the BoE's biggest rate increase in 33 years was clearly a dovish hike. The last thing Asian markets need is another whoosh higher in the dollar and Treasury yields. Wall Street took another beating on Thursday, Asian and world stocks are feeling the heat again, and global financial conditions are tightening. Hong Kong, with its currency effectively tied to the U.S. dollar and economy inextricably linked to China, is in a particularly tight spot. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ I went inside Delta's new LAX Sky Club and found a luxurious space full of passenger-friendly touches — take a tour
▼ + stars: | 2022-10-21 | by ( Brady Macdonald | ) www.businessinsider.com time to read: 1 min

The low whir of jet engines and distant whoosh of landing planes could be heard over the near silence of a bar where nobody knows your name and everybody has their head buried in a smartphone. A retractable roof provided cover should it ever rain in LA. Delta Sky Club Brady MacDonald/Insider

☆ Morning Bid: Xi bangs the drums
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +3 min

Asian markets will open with a spring in their step on Friday after the huge 'risk-on' rally Thursday. They will be on FX intervention alert too, after the dollar's spike to a 32-year high of 147.67 yen. The bullish whoosh across markets on Thursday pulled the dollar back a bit, but it remains above 147.00. A G7 statement late on Thursday reaffirming policymakers' commitment that excessive FX moves are undesirable seems to have barely registered among FX traders. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Morning Bid: The final countdown
▼ + stars: | 2022-10-12 | by ( Nidal Al-Mughrabi | Ahmed Mohamed Hassan | ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterFor some, it will be new territory. For all of them, being forced to spend billions of dollars of FX reserves is uncomfortable territory. A strong U.S. inflation print will likely push it even higher, intensifying the battle-ready resolve of central banks around the world. Cross-currency basis swaps, essentially a measure of dollar shortage and overall stress in the market, are at alarming levels. U.S. Treasury Secretary Janet Yellen said on Tuesday she sees no signs of stress or undue volatility in financial markets.

☆ Russia's Positive Technologies launches secondary share offer
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +3 min

Positive Technologies will not be offering any new shares in the SPO, it said, setting a price in the range of 1,200 roubles to 1,320 roubles ($19.90 to $21.89) per share. Register now for FREE unlimited access to Reuters.com RegisterThe exercise will run between Sept. 19 and 27, with the final price expected to be announced by Sept. 28, it added. Positive Technologies owner Positive Group (POSI.MM) listed shares on the Moscow Exchange in December with the price rising about 69% since trading began at 770 roubles, despite a slump in February. In April the U.S. Treasury blacklisted Positive Technologies and other IT firms for supporting Russian intelligence services, which the company called "groundless accusations". Positive Technologies has said 98% of its revenue comes from Russia.

☆ The Ayahuasca Diaries
▼ + stars: | 2022-06-26 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +37 min

But please understand: I didn't drink ayahuasca so I could write an article about it. I wrote an article about it so I could drink ayahuasca. I was desperate to drink ayahuasca — I had been for several months, in fact — and the formality of an assignment would help me out at home. Instead, a friend of a friend linked me up with an ayahuasca sangha, a Buddhist word for a spiritual community. I thought of my old friend, Scott, who, many years before, had declined an opportunity to drink ayahuasca.

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