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Chartbook: U.S. manufacturing and energy useIndustrial electricity use and distillate fuel oil consumption are both correlated with the manufacturing and freight cycle and therefore with the purchasing managers index. Distillate fuel oil consumption fell by 1.0% in the three months from April through June compared with the same period a year earlier. The strength of domestic distillate consumption helps explain why fuel oil inventories have remained well below the prior ten-year seasonal average. Resilient electricity and diesel consumption, and the correspondingly low levels of spare generating capacity and distillate inventories, imply the energy system is operating close to its maximum capacity. Related columns:- U.S. diesel prices surge anticipating a soft landing (August 11, 2023)- U.S. manufacturing slowdown fails to rebuild diesel stocks (August 2, 2023)- Depleted U.S. diesel stocks attract hedge funds (July 20, 2023)- U.S. manufacturing slowdown cools energy prices (July 4, 2023)John Kemp is a Reuters market analyst.

Persons: Andrew Kelly, John Kemp Organizations: REUTERS, Institute, Supply, U.S . Energy Information Administration, EIA, U.S, Thomson, Reuters Locations: IceStone, New York City , New York, U.S

A record 38 QDII funds had been launched this year until August 17, outpacing the 31 funds launched in 2022, Morningstar data shows. Tianhong, which is planning new QDII products, obtained a $120 million fresh QDII quota in July, less than it had hoped for. Rather than foreign capital selling China equities, this time it's Chinese investors’ outbound investment,” Liu said. HUGE DEMANDThe QDII program, launched in 2006, remains a key outbound investment channel for mainland Chinese investors, alongside the Qualified Domestic Limited Partnership (QDLP) programme. Tracy Liu, an individual investor working in the information technology industry, invested in an India-focused QDII fund in March.

Persons: Aly, Ivan Shi, Liu Dong, Becky Liu, Liu, ” Liu, Desiree Wang, Tracy Liu, Summer Zhen, Samuel Shen, Jason Xue, Vidya Ranganathan Organizations: REUTERS, Morningstar, Domestic Institutional, Nasdaq, Ben Advisors, Connect, Bond, U.S, Dow Jones, State Administration of Foreign Exchange, Tianhong, Management, Ant Financial, Standard Chartered Bank, Reuters, Qualified Domestic Limited, Asset Management Association of China, Guangfa NASDAQ, Technology, Morgan Asset Management, Morgan Asset Management China, Thomson Locations: Shanghai, Shenzhen, China, U.S, HONG KONG, SHANGHAI, Hong Kong, Vietnam, India, outflows, Japan, Russia

☆ Publishers see dramatic drop in Facebook referral traffic as the social platform signals exit from news business
▼ + stars: | 2023-08-17 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

The Meta-owned company has quietly made changes in recent months that have dramatically reduced referral traffic to media outlets, more than half a dozen publishers told me. The move has put considerable dents in the daily traffic publishers see, with the damage appearing to be more pronounced among those who publish more hard news-oriented content. One publisher told me they’ve witnessed a more than 30% drop in year-over-year referral traffic. The recent changes reduce the already lackluster levels of referral traffic even more. Meta has long argued that publishers need Facebook more than Facebook needs publishers.

Persons: you’ve, ”, they’ve, Mark Zuckerberg, Meta, Zuckerberg, Adam Mosseri, ” Mosseri, Donald, Trump Organizations: CNN, Facebook, Meta, Big Tech, “, Congress, Instagram, ” Publishers Locations: lockstep, Canada

A partial counterweight to Apple for the S&P 500 and Nasdaq was Amazon.com. Amazon's rise were an 11-point positive for the S&P 500. Reuters GraphicsAverage hourly earnings rose 0.4% in July, unchanged from the previous month, exceeding expectations, taking the year-on-year increase in wages to 4.4%. DraftKings' (DKNG.O) shares rose 5.8% after the sports-betting firm raised its fiscal year 2023 revenue outlook. The S&P 500 posted 19 new 52-week highs and 11 new lows; the Nasdaq Composite recorded 54 new highs and 91 new lows.

Persons: dents, jitters, Said Greg Bassuk, Brendan McDermid, Carl Icahn, DraftKings, Echo Wang, Shubham Batra, Bansari, Savio D'Souza, Shounak Dasgupta, Shinjini Ganguli, Louise Heavens, David Gregorio Our Organizations: Companies, Apple, Dow, Nasdaq, AXS Investments, Treasury, Labor Department, Reuters, New York Stock Exchange, REUTERS, Microsoft, Dow Jones, Icahn Enterprises, Hindenburg, NYSE, Thomson Locations: New York, Ukraine, China, New York City, U.S, Bengaluru

☆ Walmart focuses India’s retail valuation debate
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +2 min

MUMBAI, July 31 (Reuters Breakingviews) - Walmart (WMT.N) is bumping up its stake in Flipkart, India’s e-commerce giant, at a handsome valuation. The U.S. retailer is buying shares from Tiger Global for $1.4 billion, according to the Wall Street Journal. It’s a good deal for the seller as investors assess India’s hottest retail businesses. Reliance Industries’ (RELI.NS) retail unit might come sooner; analysts peg its valuation anywhere between $57 billion and $131 billion. How the market finally values India’s consumer will be closely watched.

Persons: India’s, Japan’s SoftBank, Robyn Mak, Pranav Kiran Organizations: Reuters, Walmart, Tiger Global, Wall Street, Reliance Industries, Twitter, BT boss’s, of Japan, Thomson Locations: MUMBAI, Flipkart, U.S, Una

☆ New BT boss’s biggest test is investor relations
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 31 (Reuters Breakingviews) - BT’s (BT.L) board faced the challenge of hiring a new CEO willing to implement a turnaround strategy decided by their predecessor. It has solved that problem by appointing one of its own members, Allison Kirkby, to the post vacated by outgoing Philip Jansen. Shares in the Swedish telco sank 4% on news of her departure, suggesting Telia’s loss is a gain for BT. Kirkby won’t take over until January 2024 but, having sat on BT’s board for more than four years, she should be able to hit the road running. Keeping these two investors on her side will be the real test for Kirkby at BT.

Persons: Allison Kirkby, Philip Jansen ., Swedish telco, Kirkby won’t, Patrick Drahi’s, Jansen, Pierre Briançon, Liam Proud, Oliver Taslic Organizations: Reuters, Telia Company, BT, Kirkby, Deutsche Telekom, Twitter, Soaring, of Japan, Thomson Locations: Swedish, Kirkby

☆ Soaring StanChart still has lots of work to do
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +2 min

SINGAPORE, July 28 (Reuters Breakingviews) - Bill Winters’ bank is finally getting its act together – to an extent. London-listed Standard Chartered (STAN.L) on Friday reported its highest first-half revenue and earnings since Winters joined as CEO in 2015. The upgraded 12%-14% top-line growth for this year, from 10% previously, caught investors' eyes, as did a chunky $1 billion share buyback programme. Winters managed to get costs down to 61% of revenue in the first half, close to his 2024 target of around 60%. Even after Friday’s bump, StanChart trades at just two-thirds of 12-month forward tangible book value, using analyst estimates gathered by Refinitiv Datastream.

Persons: Bill Winters, Winters, It’s, Refinitiv Datastream, Liam Proud, Streisand Neto Organizations: Reuters, “, HSBC, DBS, Twitter, Bank of Japan, Thomson Locations: SINGAPORE, London

☆ Bank of Japan has its cake and eats it
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +2 min

Governor Kazuo Ueda on Friday shocked global markets by pledging more flexibility in the Bank of Japan’s (8301.T) yield curve control scheme, its mechanism for controlling long-term interest rates. The central bank said its previous rigid target of keeping yields on 10-year sovereign bonds in a range of 0.5% to minus 0.5% was now just a “reference”. And it promised to buy 10-year bonds at 1%, which Ueda defined as a “just-in-case” cap. Traders immediately breached the officially unchanged range; the yield on 10-year government bonds hit a 9-year high of 0.575%. Instead, the bank may have found a way to make it more sustainable.

Persons: Kazuo Ueda, Ueda, Francesco Guerrera, Oliver Taslic Organizations: Reuters, Bank of Japan’s, Traders, Global, Twitter, Consumers, Thomson Locations: MUMBAI, Japan, Una

[1/5] A security force trooper rides a vehicle on a highway at Torbung village in Churachandpur district in the northeastern state of Manipur, India, July 24. Modi's first comments on the violence in Manipur came last week, over two months after the trouble started in early May. The data show that in the first week of the violence in early May, 77 Kukis were killed compared to 10 Meiteis. According to government estimates, 2,780 weapons stolen from the state armoury, including assault rifles, sniper guns and pistols, remain with the Meiteis, while the Kukis have 156. Reporting by Krishn Kaushik in Manipur; Editing by YP Rajesh and Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Adnan Abidi, Modi, Narendra Modi, Ramachandra Guha, Guha, Jangminlun Touthang, Modi's, Biren Singh, Meiteis, Kukis, Haopu Gangte, “, ” Gangte, ” Pramot Singh, Meitei, ”, Krishn Kaushik, YP Rajesh, Raju Gopalakrishnan Organizations: REUTERS, Reuters, Modi's Bharatiya Janata Party, BJP, Kuki, YP, Thomson Locations: Torbung, Churachandpur district, Manipur, India, India's Manipur, Kuki, Imphal, Manipur's, Bishnupur, Kangvai, Myanmar, “

☆ Neste's output snafu dents net-zero aviation goals
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +2 min

Neste’s production woes are a big headache for Chief Executive Matti Lehmus but also for the aviation sector. That includes up to 1 million tons of sustainable aviation fuel (SAF), which is key to make planes greener as it cuts carbon emissions by up to 80%. Neste is now predicting that it will produce 230,000 tons less of renewable diesel and sustainable aviation fuel in the second half of 2023. Neste's production problems will further complicate the aviation race to net zero. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Matti Lehmus, Pamela Barbaglia, Lisa Jucca, Streisand Neto Organizations: Reuters, Twitter, Thales, Thomson Locations: Singapore, Neste

☆ Consumers will win in cannabis-credit card clash
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +2 min

The $376 billion payments network wants its financial partners in transactions for cannabis to crack down on using its debit cards, Bloomberg reported on July 26. The budding industry is running out of convenient options for customers to pay for its products. By definition, payments networks such as Mastercard and Visa (V.N) are middlemen, facilitating the movement of money between parties. In the weed business, that means they take the money from the buyer’s bank account and ship it into the dispensary’s. In Washington, D.C., some cannabis shops peddle quasi-worthless knickknacks such as stickers to customers while “gifting” small amounts of pot.

Persons: workarounds, Mastercard’s, Anita Ramaswamy, Lauren Silva Laughlin, Sharon Lam Organizations: YORK, Reuters, Mastercard, Bloomberg, Visa, D.C, Twitter, Thomson Locations: Washington

☆ Russia built fake trenches along the front lines to lure Ukrainian soldiers into deadly explosive traps, researchers found
▼ + stars: | 2023-07-21 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +6 min

Among them are fake trenches designed to lure Ukrainians into a death trap, researchers found on a recent Ukraine trip. And while many of the trenches are actual Russian combat positions, others have been traps, researchers learned from front-line Ukrainian forces. They have mine trenches," Kofman said, explaining that they attempt to "lure Ukrainian forces into trenches that have been mined" with remote-activated mines "and then blow up the mines." The possibility that the trench Ukrainian infantry are rushing into might be an explosive trap makes things immensely more difficult. Hendrickson said they have come across extremely complex minefields in which anti-tank mines are protected by anti-personnel mines and other explosives surrounded by booby traps.

Persons: we've, Michael Kofman, Kofman, Laurent van der, Ryan Hendrickson, Hendrickson, Franz, Stefan Gady Organizations: Service, Center for Naval, 81st Airmobile Battalion, Le Monde, US Army Special Forces Engineer, Toronto Television, Paratroopers, Center for New American Security, Ukrainian Locations: Russia, Ukraine, Ukrainian, Wall, Silicon, Seversk, Russian, Afghanistan

In recent weeks, families have been rationing their intake of tomatoes, which are fundamental to the Indian diet. They’re omitting tomatoes from salads, keeping the few they can afford for flavoring the main dish. Some, out of fear of even higher prices, have been stocking tomatoes as purée in their freezers. Tomatoes have even found their way to the middle of India’s raucous, and increasingly polarized, politics. A prominent leader of the ruling Hindu nationalist party, Himanta Biswa Sarma, blamed the country’s Muslims for the price rise.

Persons: Himanta Biswa Sarma Locations: India, Varanasi, Uttar Pradesh

Nokia and rival Ericsson (ERICb.ST) have been hit by slowing orders from customers, mostly in their high-margin North American markets. The results come after Nokia last week cut its annual sales and profit margin outlook and Ericsson reported a big fall in quarterly profit. Comparable operating profit in the second quarter fell to 626 million euros ($702.37 million) from 714 million euros last year, but beat market estimates. The decline in North American markets was somewhat offset by India but with a lower margin. Nokia made gains with Indian operators, particularly with the likes of Reliance Jio Infocomm, which was dominated by Samsung for 4G, he said.

Persons: Pekka Lundmark, Lundmark, Supantha Mukherjee, Niklas Pollard, Josephine Mason Organizations: Nokia, Ericsson, Apple, Samsung, 4G, Thomson Locations: STOCKHOLM, Finnish, India, North America, Stockholm

☆ Cooler inflation unleashes monster rally in UK markets, dents pound
▼ + stars: | 2023-07-19 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

British annual consumer price inflation fell to a lower than expected 7.9% in June, below a forecast for a decline to 8.2%. June's rate was a long way off last October's 41-year high of 11.1%, but far above the BoE's 2% target rate. "Some good news on UK inflation at last, coming in below expectations for June and most importantly the core inflation rate fell more than thought," Neil Birrell, who is chief investment officer at Premier Miton Investors, said. British finance minister Jeremy Hunt said there was still a long way to go to reduce inflation towards target. Meanwhile, interest-rate derivatives showed traders no longer believe UK rates will have to rise above 6% to temper inflation.

Persons: Barratt, Taylor Wimpey, Neil Birrell, Sterling, Jeremy Hunt, Hunt, Jeremy Batstone, Carr, Raymond James, Danilo Masoni, Alun John, Dhara Ranasinghe, Andrew Organizations: Reuters, Premier Miton Investors, Bank of England, Thomson Locations: United States, European, Milan

☆ Oil dips more than 1% as Chinese GDP dents demand hopes
▼ + stars: | 2023-07-17 | by ( Arathy Somasekhar | ) www.reuters.com time to read: +2 min

China's gross domestic product (GDP) grew 6.3% year-on-year in the second quarter, compared with analyst forecasts of 7.3%, as its post-pandemic recovery lost momentum. "The GDP came in below expectations, so will do little to ease concerns over the Chinese economy," said Warren Patterson, ING's head of commodities research. Oil briefly rose after a Reuters news alert on Saudi Arabia extending a voluntary output cut. Oil also came under pressure on Monday from the resumption of output at two of three Libyan fields shut last week. Output had been halted by a protest against the abduction of a former finance minister.

Persons: Warren Patterson, ING's, Brent, Dennis Kissler, Arathy Somasekhar, Alex Lawler, Florence Tan, Mohi Narayan, David Goodman, Mike Harrison, Barbara Lewis Organizations: . West Texas, BOK Financial, Oil, Thomson Locations: HOUSTON, China, Saudi Arabia, Moscow, Houston

☆ Oil slides more than 1% as Chinese GDP dents demand hopes
▼ + stars: | 2023-07-17 | by ( Alex Lawler | ) www.reuters.com time to read: +2 min

"The GDP came in below expectations, so will do little to ease concerns over the Chinese economy," said Warren Patterson, ING's head of commodities research. "China data was always looked forward to with a degree of hope; well, for bulls anyway," John Evans of oil broker PVM said in a report. Oil briefly rose after a Reuters news alert on Saudi Arabia extending a voluntary output cut. Oil also came under pressure on Monday from the resumption of output at two of the three Libyan fields that were shut last week. Reporting by Alex Lawler Additional reporting by Florence Tan and Mohi Narayan Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

Persons: Warren Patterson, ING's, Brent, John Evans, PVM, Oil, Alex Lawler, Florence Tan, Mohi Narayan, David Goodman Organizations: . West Texas, Thomson Locations: China, Saudi Arabia, Libya, Nigeria, Moscow

☆ US dollar drops to three-week low as Fed rate hikes nearly done
▼ + stars: | 2023-07-10 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +4 min

In afternoon trading, the dollar index , which tracks the U.S. currency against a basket of major peers, slid 0.3% to 101.98, a three-week low. With U.S. nonfarm payrolls out of the way, attention turns to U.S. inflation data due on Wednesday. The Norwegian crown firmed against the dollar and euro following Norway's inflation data. The Chinese yuan slumped against the dollar after weak inflation numbers in the world's second-largest economy. The weak Chinese data dragged down the Australian and New Zealand dollars, which are often used as liquid proxies for the Chinese yuan.

Persons: gainers, Mary Daly, nonfarm, Erik Nelson, Wells, Nelson, Gertrude Chavez, Dreyfuss, Alun John, Rae Wee, Jamie Freed, Ed Osmond, Emelia, Will Dunham, Sharon Singleton Organizations: Federal Reserve, San Francisco Fed, U.S, CPI, New, New Zealand, Thomson Locations: U.S, Wells Fargo, London, Europe, China, Norwegian, New Zealand, Singapore

☆ Ukrainian refugees: how will the economy recover with a diminished population?
▼ + stars: | 2023-07-07 | by ( Olena Harmash | ) www.reuters.com time to read: +8 min

In previous refugee crises, for example in Syria, refugees' desire to return home has faded with time, UNHCR studies show. Conscription-aged men are restricted from leaving Ukraine, so working-aged women, and children, make up the majority of refugees. Ukraine's population problem goes beyond millions of refugees. A census in 2001 - the country's only so far - recorded a population of 48.5 million. Demographer Libanova estimated the population at between 28 million and 34 million at the start of 2023 in parts of the country controlled by Kyiv.

Persons: Korzh, Volodymyr Kostiuk, Kostiuk, It's, Dmytro Tsygankov, Ella Libanova, Libanova, Ksenia Karpenko, Karpenko, Corina Rodriguez, Catarina Demony, Mike Collett, White, Frank Jack Daniel Our Organizations: United Nations, UNHCR, Kyiv, for Economic Research, Political, for Economic, MEN, National Academy of Science, European Commission's, Research, The, Economic Strategy, Reuters, Thomson Locations: KYIV, Europe, Kyiv, Portugal, Ukraine, Lagoa, Syria, Ukrainian, Moscow, Russia, Crimea, Belarus, Russian, Tarragona, Spain, Madrid, Barcelona, Lisbon

☆ Opinion | I Teach at an Elite College. Here’s a Look Inside the Racial Gaming of Admissions.
▼ + stars: | 2023-06-29 | by ( Tyler Austin Harper | ) www.nytimes.com time to read: +3 min

Seemingly everyone I interacted with as a tutor — white or brown, rich or poor, student or parent — believed that getting into an elite college required what I came to call racial gamification. Be it for an acceptance letter or a tenure-track professorship, the incentives at elite universities encourage and reward racial gamification. This will only get worse now that the Supreme Court has rejected affirmative action in college admissions. Let me be clear that I am not an opponent of affirmative action. Yet I also believe that affirmative action — though necessary — has inadvertently helped create a warped and race-obsessed American university culture.

Persons: — Organizations: Haverford College, New York University, Bates College

☆ Russian attack helicopters showed up in force on the front lines and have been putting dents in Ukraine's armored assaults
▼ + stars: | 2023-06-22 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +9 min

These activities are a detriment to the Ukrainian counteroffensive, but Kyiv's forces appear to be adapting. In this situation, "Russian forces deployed aviation in a way they haven't recently, to front-line positions, and were able to use it more successfully than they have in the past," he said. Russian Air Force Mil Mi-8 and Kamov Ka-52 "Alligator" attack helicopter Leonid Faerberg/SOPA Images/LightRocket via Getty Images"We haven't seen Russian forces really use aviation super extensively on the front line," Bailey said, adding "they have been concerned about having aviation losses." "Ukrainian forces are having to adapt to how Russian forces are employing these in southern Ukraine," he said, noting that they are seeing signs of that as the Ukrainians set the stage for their main attack. Ukraine hasn't committed the bulk of its dedicated counteroffensive forces to a major assault operation, and, as ISW's George Barros said recently, "big fireworks are still to come."

Persons: —, Volodymyr Zelenskyy, Riley Bailey, Bailey, Kamov, Leonid Faerberg, it's, VITALY TIMKIV, Wagner, Karolina Hird, It's, Ukraine hasn't, George Barros Organizations: Service, Senior Ukrainian, BBC Wednesday, Institute for, Russian Air Force, Getty, Operations, Ukraine, Bakhmut, CNN, Fox News Locations: Russia, Ukraine, Ukrainian, Russian, Russia's Krasnodar, AFP, Donetsk, Zaporizhzhia, Oblast

☆ Yen slips after BOJ stands pat, soft data dents dollar
▼ + stars: | 2023-06-16 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

As widely expected, the BOJ maintained its -0.1% short-term interest rate target and a 0% cap on the 10-year bond yield set under its yield curve control (YCC) policy. The U.S. dollar was last roughly 0.1% higher at 140.42 yen . That and a run of soft U.S. economic data saw the dollar fall broadly as traders scaled back their bets on how high U.S. interest rates would need to rise. FED HAWKISHNESS CHALLENGEDThe ECB's monetary policy decision came a day after the U.S. Federal Reserve left interest rates unchanged, snapping a string of 10 consecutive rate hikes. Production at U.S. factories almost stalled in May as manufacturing struggled under the weight of higher interest rates, while U.S. import prices similarly fell last month.

Persons: Kazuo Ueda's, Hirofumi Suzuki, Christine Lagarde, Sterling, Rae Wee, Edwina Gibbs, Kim Coghill Organizations: Bank of Japan, U.S, European Central Bank, ECB, Deutsche Bank, Bank of England, U.S . Federal Reserve, Fed, Labor Department, Thomson Locations: SINGAPORE, Asia, United States

☆ From restaurants to water towers, unrest dents Senegal's economy
▼ + stars: | 2023-06-09 | by ( Sofia Christensen | ) www.reuters.com time to read: +3 min

An attack on a state-owned water plant could create shortages in Dakar, where it hasn't rained for eight months and where water cuts are common, Diome said. Bus company Dem Dikk, which is part state owned and whose beige buses are recurring targets during protests, partially resumed services this week. Attacks on its buses have cost the company over $7 million since March 2021, CEO Ousmane Sylla told Reuters. Stalled operations can cost Dem Dikk up to $80,000 in losses per day and make it tricky for thousands of commuters to get to work. "It is creating unemployment," he said, adding that it was already difficult for graduates to find jobs before the unrest.

Persons: Ousmane Sonko, Antoine Felix Abdoulaye Diome, Diome, Read, Ousmane Sylla, Dem, Sylla, . University student Mbodj, Saint Louis, Ngouda Dione, Sofia Christensen, Edward McAllister, Sharon Singleton Organizations: KFC, Sedima Group, International Labour Organization . Bus, Reuters, . University student, Thomson Locations: DAKAR, Senegal, Dakar, Mbour, Keur Massar, Saint

☆ A ship operator took texting on the job to a whole new level when he caused 2 ships to crash, racking up $12 million in damages
▼ + stars: | 2023-06-08 | by ( Aditi Bharade | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

A ship operator was distracted on his phone while on lookout, causing his ship to crash into another. A ship operator, distracted from his lookout while texting on his phone, caused his ship to crash into another, resulting in damages of over $12 million to both ships. And it was all because of a distracted ship operator, a report by the National Transportation Safety Board revealed on May 22. Minutes before the crash, the operator on watch was using his cell phone to make a "personal call," the report stated. The Federal Railroad Administration in 2011 banned all train operators from using mobile phones while working.

Persons: Thunder Organizations: National Transportation Safety, Morning, Thunder, National Transportation, NTSB, Reuters, Federal Railroad Administration, US Coast Guard, Coast Guard Locations: Louisiana, Gulf of Mexico, California, Chesapeake Bay

☆ Dollar nudges lower as U.S. debt ceiling deal dents safe-haven appeal
▼ + stars: | 2023-05-29 | by ( Dhara Ranasinghe | ) www.reuters.com time to read: +4 min

Summary Dollar edges down following U.S. debt ceiling dealRisk currencies rallyTurkish lira touches new record lowLONDON, May 29 (Reuters) - The dollar nudged lower on Monday, pulling back from six-month peaks against the yen as a U.S. debt ceiling deal lifted risk appetite across world markets and dented the greenback's safe-haven appeal. Having briefly touched a six-month high of 140.91 yen during Asia trade, the dollar drifted lower and was last down 0.25% at 140.25 yen. "We've got a risk-positive response so far to the debt deal news," said Ray Attrill, head of FX strategy at National Australia Bank. "Obviously there's still the need to get this debt deal over the line, but I think markets are happy to travel on the presumption that it will get done before the new X-date." Talk that the U.S. rate hiking cycle may not be over as soon as hoped given signs of economic strength have bolstered the dollar this month and could support the currency even as U.S. debt ceiling worries abate.

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