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LONDON, July 7 (Reuters) - Unsure which way the cookie crumbles from here - investors are being tempted to drop the bond. The broadest measures of government and corporate bonds have just stuck in mud. Two-year government bond yields are soaring. With June U.S. jobs growth going up yet another gear, U.S. Treasury yields hit 16-year highs above 5%, German equivalents hit their highest in 15 years and British gilt yields scaled 2008 peaks. For all but longer-term pension and insurance funds or banks, bonds may be neither fish nor fowl for a while to come.

Persons: hasn't, Stocks, midyear underperformance, Mike Dolan, Josie Kao Organizations: Global, Bloomberg U.S, Treasury, Bank of, JPMorgan, Europe, Reuters, Twitter, Thomson

☆ Deep-sea metal rush in doubt as regulatory body meets
▼ + stars: | 2023-07-07 | by ( David Stanway | ) www.reuters.com time to read: +3 min

Environmental groups expect next week's meeting of the International Seabed Authority (ISA) in Kingston, Jamaica, to rule out any immediate permission for mining to begin. Mining companies say the ocean floor is potentially rich in metals like nickel and cobalt used in batteries for electric vehicles, so their extraction will support the global energy transition. Any permitting delay will hurt the prospects of Canada's The Metals Company (TMC.O) (TMC), which has led efforts to exploit seabed minerals in the Pacific. TMC says that while deep-sea mining will have some ecological impact, it would be less damaging than land-based extraction. "The fact is no one has ever mined the sea floor in any major commercial capacity," said Victor Vescovo, an investor and deep-sea explorer who will attend the meeting.

Persons: Sian Owen, Victor Vescovo, David Stanway, Melanie Burton, Clara Denina, Robert Birsel Organizations: Authority, Mining, The Metals Company, TMC, Conservation Coalition, ISA, Thomson Locations: SINGAPORE, Kingston , Jamaica, Pacific, Nauru, Germany, New Zealand, Switzerland, France, Norway, Melbourne, London

☆ Kylian Mbappé: What next for French superstar as questions over his PSG future rumble on?
▼ + stars: | 2023-06-17 | by ( Matias Grez | ) edition.cnn.com time to read: +6 min

On Thursday when questioned about his PSG future, he told reporters that Macron has no influence on his career. I’ve already answered, I’ve said that my objective is to stay at PSG, that’s my only option at the moment. Kylian Mbappé, Lionel Messi and Neymar were unable to guide PSG to Champions League glory. Every team in the world would undoubtedly love to sign Mbappé, but his list of realistic suitors will be rather short. Regardless of the final outcome, love it or hate it this saga looks set to rumble on for the foreseeable future.

Persons: Kylian Mbappé, Germain, Mbappé, Neymar, ’ Mbappé, “, Emmanuel Macron, Macron, I’ve, – Mbappé, meekly, Lionel Messi, Sergio Ramos, Carl Recine, Erling Haaland, Edinson Cavani, Jude Bellingham, Karim Benzema, It’s, Real, Harry Kane, Frenchman, Kane, scupper, Christophe Simon Organizations: CNN, spurn Real, Paris Saint, PSG, AS Monaco, Real, Twitter, Reuters, Real Madrid, lowball PSG, Champions League, Ligue, Parc des Princes, Qatar Sports Investment, League, Bayern Munich, Borussia Dortmund, Tottenham Hotspur, Manchester United Locations: spurn Real Madrid, Los, Le, …, France, Paris, Real, Lens, Parc des, Al, Ittihad, Saudi Arabia, AFP

☆ OPEC says IEA should be 'very careful' with repeated calls to stop investing in oil
▼ + stars: | 2023-04-27 | by ( Sam Meredith | ) www.cnbc.com time to read: +3 min

OPEC Secretary General Haitham Al Ghais said finger-pointing and misrepresenting the actions of OPEC and OPEC+ was "counterproductive." OPEC Secretary General Haitham al-Ghais said finger-pointing and misrepresenting the actions of OPEC and OPEC+ was "counterproductive." He added that the influential group of 23 oil-exporting exporting nations was not targeting oil prices, but instead focusing on market fundamentals. In a Bloomberg TV interview on Wednesday, IEA Executive Director Fatih Birol used similar language in warning OPEC about boosting oil prices. "Other energy markets have been far more volatile," al-Ghais said, "with oil markets less so, mainly due to the stabilizing role of OPEC and the OPEC+ group."

☆ Surprise oil output cuts from OPEC+ could hurt consumers and derail the economic recovery, IEA warns
▼ + stars: | 2023-04-14 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

In its latest monthly oil market report, the IEA said the energy alliance's self-described "precautionary move" was likely to spell bad news for consumers at a time of heightened economic uncertainty. The International Energy Agency on Friday warned surprise oil output cuts from the OPEC+ producer group risk exacerbating a projected supply deficit and could scupper an economic recovery. In its latest monthly oil market report, the IEA said the energy alliance's self-described "precautionary move" was likely to spell bad news for consumers at a time of heightened economic uncertainty. It means the combined voluntary cuts of OPEC+ members will be in excess of 1.6 million barrels per day. Rising oil stocks likely contributed to the move, the IEA said, highlighting that OECD industry stocks in January hit their highest level since July 2021.

☆ Russia faces shrinking middle class, rising inequality, study finds
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +2 min

MOSCOW, March 24 (Reuters) - Russia's middle class will shrink as social inequality grows over coming years, an economic study conducted by Russian experts suggested, as sanctions against Moscow and limited growth potential scupper development prospects. The middle class is set to suffer in any event, even if sanctions pressure is reduced, the study finds. In that scenario, the size of the middle class would still drop to 14%-31% by 2030 from current estimates of 20%-50%. Growing inequality in all four scenarios could lead to increased social tensions, the study finds. All four scenarios expect more and more security officials to drop into the middle class.

☆ Russia's war on Ukraine latest: Russia attacks along Ukraine front
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +2 min

[1/2] A destroyed Russian tank remains on the side of the road near the frontline town of Kreminna, amid Russia's attack on Ukraine, in Luhansk region, Ukraine March 24, 2023. * Russia's defence ministry said its forces had destroyed a hangar housing drones belonging to Ukraine's armed forces in the southwestern Odesa region of the country. DIPLOMACY* Russia's parliament speaker proposed banning the activities of the International Criminal Court after it issued an arrest warrant for Putin, accusing him of the war crimes. * Democratic and Republican U.S. senators urged the Biden administration to share information with the ICC as it pursues war crimes charges against Putin. * U.S. President Joe Biden, appearing in Ottawa with Canadian Prime Minister Justin Trudeau, said he would continue to pressure Putin and help Ukraine.

☆ CATL’s battery ram is losing power
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, March 10 (Reuters Breakingviews) - Chinese battery maker Contemporary Amperex Technology (300750.SZ) posted earnings growth of 61% for the quarter ended December on Thursday. The company led by Robin Zeng boasts unrivalled economies of scale, allowing it to drive down costs for clients including Tesla (TSLA.O). Alas, in China, which accounts for four fifths of CATL’s top line, such dominance is drawing unwanted attention. On Monday, during a meeting between Zeng and Chinese President Xi Jinping, the Party leader expressed mixed feelings about CATL’s 37% global market share. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Chinese billionaire Jack Ma spotted in Bangkok - Thai media reports
▼ + stars: | 2023-01-07 | by ( ) www.reuters.com time to read: +2 min

BANGKOK, Jan 7 (Reuters) - Alibaba Group (9988.HK) founder Jack Ma was spotted socialising in Bangkok this week, having stayed out of the public eye since regulators in China launched a clampdown on his business empire in late 2021, social media posts and local media reports showed. Several local media also reported that Ma was at the restaurant with Supakit Chearavanont, Chairman of the Board of Charoen Pokphand Group (CP Group) and Charoen Pokphand Foods PCL (CPF.BK), Thailand's largest agribusiness group. Media also reported that Ma attended a boxing match at Bangkok's Rajadamnern Stadium where he posed with clenched fists for a photograph with Thai boxing champion Sombat "Buakaw" Banchamek. The Jack Ma Foundation did not immediately respond to Reuters' request for comment. Ma will give up control of the Chinese fintech giant Ant Group in an overhaul that seeks to draw a line under a regulatory crackdown that was triggered soon after its $73 billion IPO was scupper two years ago.

☆ Elon Musk says he sold Tesla stock to free up cash in case a 'worst-case scenario' strikes. Here's what he's so worried about.
▼ + stars: | 2022-12-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Elon Musk sold Tesla stock this month to free up cash in case a "worst-case scenario" emerges. The Tesla CEO warned higher interest rates and a recession may hit Tesla's profits and stock price. At the same time, higher rates mean people get better returns from safe assets such as savings accounts and government bonds. As well as pointing to rates, Musk warned a severe recession would hammer sellers of big-ticket items bought on credit. Tesla stock has already plunged nearly 70% this year, as investors have fled growth stocks and swapped equities for safer assets.

☆ Bleak Melbourne forecast puts T20 World Cup final under a cloud
▼ + stars: | 2022-11-11 | by ( Ian Ransom | ) www.reuters.com time to read: +2 min

The tournament has already seen a slew of Super 12 matches washed out, though the semi-finals passed without disruption in Sydney and Adelaide. In the worst-case scenario where Monday is also washed out, then the World Cup will have joint winners for the first time. However, Melbourne is known for having "four seasons in one day", particularly in spring, and forecasts are often wide of the mark. "On the day, I'm sure that Melbourne is going to open up enough to have a 10-over match." Reporting by Ian Ransom in Melbourne; Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.

☆ Iran sets up meeting on U.N. nuclear inquiry as diplomatic clash looms
▼ + stars: | 2022-11-10 | by ( Francois Murphy | ) www.reuters.com time to read: +5 min

[1/2] The Iranian flag waves in front of the International Atomic Energy Agency (IAEA) headquarters, amid the coronavirus disease (COVID-19) outbreak in Vienna, Austria, March 1, 2021. The IAEA has said it will not yield to political pressure and its job is to account for all nuclear material. The E3 and the United States will hold talks in Paris on Monday to discuss Iran ahead of the board meeting, two diplomats said. Iran has recently installed hundreds more advanced centrifuges, machines that enrich uranium, at its underground plants at Natanz and Fordow. Iran denies seeking nuclear weapons, saying its nuclear technology is solely for civil purposes.

The deadline for shareholders to tender shares in support of the bid was 1600 GMT on Friday. Protean Funds had said previously it wanted to fight for Swedish Match and thought PMI's bid undervalued the company. It is still not known what activist investor Elliott Management, which owns over 10% in Swedish Match, has done. Under Swedish law, PMI needs 90% of shareholders to agree to the deal to get full control of Swedish Match. PMI bid lights up Swedish Match stock($1 = 10.9446 Swedish crowns)Reporting by Marie Mannes; Editing by Jane Merriman, Josephine Mason, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

SummarySummary Companies Agnico Eagle, Pan American bid values Yamana around $4.8 blnGold Fields says it will continue working towards takeoverYamana shares jump 16%Nov 4 (Reuters) - Agnico Eagle Mines Ltd (AEM.TO) and Pan American Silver Corp (PAAS.TO) swooped in with a joint bid for Yamana Gold (YRI.TO) on Friday, in an attempt to scupper Gold Fields' (GFIJ.J) planned acquisition of the Canada-listed gold miner. The cash and stock offer, valuing Yamana at around $4.8 billion, would see Agnico and Pan American split Yamana's mines between them. Yamana shareholders would receive $1.0406 in cash, 0.0376 of an Agnico Share and 0.1598 of a Pan American Share for each share held. South Africa's Gold Fields had agreed to take over Yamana in an all-stock deal valuing it at $6.7 billion in May. Gold Fields will update the market on the status of its bid after the weekend, a company spokesman said.

☆ Lab tie-up would have multiple ailments
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 11 (Reuters Breakingviews) - Qiagen (QIA.DE) may once again find itself at the centre of an M&A drama. The $10 billion German lab tester is in talks with $10 billion U.S. life-science company Bio-Rad (BIO.N), the Wall Street Journal reported on Monday. Any deal would follow Thermo Fisher Scientific’s (TMO.N) failed attempt to buy Qiagen for 11.3 billion euros ($11 billion) back in 2020. Regulators in the United States and Europe have been increasingly wary of tie-ups that could lead to higher prices. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ China tech shares sink as U.S. export curbs raise chip sector hurdles
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +7 min

The most immediate impact is likely to be felt by Chinese chipmakers, they said. The new regulations will now pose major hurdles for the two Chinese memory chipmakers, analysts said. A steep decline in tech shares led China's market down on its first post-Golden Week holiday trading on Monday. An index measuring China's semiconductor firms (.CSIH30184) tumbled nearly 7%, and Shanghai's tech-focused board STAR Market (.STAR50) declined 4.5%. SMIC dropped 4%, chip equipment maker NAURA Technology Group Co (002371.SZ) sank 10% by the daily limit, and Hua Hong Semiconductor plunged 9.5%.

Russia intends to call a United Nations Security Council meeting over damage to the gas pipelines, Foreign Ministry spokeswoman Maria Zakharova said in a statement on Telegram. In the Baltic Sea, gas was still bubbling from the Nord Stream 1 pipeline, the Swedish Coast Guard said in an email. "There are good teams in place to handle pipeline accidents, there are emergency pipe inventories and experts for onshore and offshore," Jens Schumann, managing director of gas pipeline grid company Gasunie Deutschland, said. European gas prices rose following news of the leaks. The new Nord Stream 2 pipeline had yet to enter commercial operations.

"Any deliberate disruption of European energy infrastructure is utterly unacceptable and will be met with a robust and united response," Borrell said. A statement issued by Russia's embassy in Denmark said that any sabotage on Nord Stream's pipelines was an attack on both Russia's and Europe's energy security. Map of Nord Stream pipelines and locations of reported leaksGAS FLOWSOperator Nord Stream has called the damage "unprecedented", while Gazprom (GAZP.MM), the Russian-controlled company with a monopoly on its gas exports by pipeline, declined to comment. Russia reduced gas supplies to Europe via Nord Stream 1 before suspending flows altogether in August, blaming Western sanctions for causing technical difficulties. The new Nord Stream 2 pipeline had yet to enter commercial operations.

A senior Ukrainian official called the incident a Russian attack to destabilise Europe, without giving proof. Neither pipeline was pumping gas to Europe at the time the leaks were found, but the incidents will scupper any remaining expectations that Europe could receive fuel via Nord Stream 1 before winter. Operator Nord Stream said the damage was "unprecedented". CUTTING SUPPLIESRussia reduced gas supplies to Europe via Nord Stream 1 before suspending flows altogether in August, blaming Western sanctions for causing technical difficulties. The new Nord Stream 2 pipeline had yet to enter commercial operations.

But it remained far from clear who might be behind any foul play, if proven, on the Nord Stream pipelines that Russia and European partners spent billions of dollars building. Register now for FREE unlimited access to Reuters.com RegisterPoland's prime minister blamed sabotage for the leaks, without citing evidence. Russia, which slashed gas deliveries to Europe after the West imposed sanctions over Moscow's invasion of Ukraine, also said sabotage was a possibility and that the leaks undermined the continent's energy security. CUTTING SUPPLIESRussia reduced gas supplies to Europe via Nord Stream 1 before suspending flows altogether in August, blaming Western sanctions for causing technical difficulties. The Swedish Maritime Administration (SMA) said two leaks on Nord Stream 1, one in the Swedish economic zone and another in the Danish zone, were northeast of Denmark's Bornholm.

However, it remained far from clear who might be behind any foul play, if proven, on the Nord Stream pipelines that Russia and European partners spent billions of dollars building. Poland's prime minister blamed sabotage for the leaks, without citing evidence, while the Danish premier said it could not be ruled out. Operator Nord Stream said the damage was "unprecedented". CUTTING SUPPLIESRussia reduced gas supplies to Europe via Nord Stream 1 before suspending flows altogether in August, blaming Western sanctions for causing technical difficulties. The new Nord Stream 2 pipeline had yet to enter commercial operations.

"The destruction that occurred on the same day simultaneously on three strings of the offshore gas pipelines of the Nord Stream system is unprecedented," said network operator Nord Stream AG. Gazprom (GAZP.MM), the Kremlin-controlled company with a monopoly on Russian gas exports by pipeline, declined to comment. Danish Defence Command/Handout via REUTERS Read MoreRussia slashed gas supplies to Europe via Nord Stream 1 before suspending flows altogether in August, blaming Western sanctions for causing technical difficulties. The new Nord Stream 2 pipeline had yet to enter commercial operations. European gas prices rose on the news of the leaks, with the benchmark October Dutch price up almost 10% on Tuesday.

☆ Mystery leaks hit Russian undersea gas lines, raising European suspicions
▼ + stars: | 2022-09-27 | by ( ) www.nbcnews.com time to read: +3 min

European countries on Tuesday raced to investigate unexplained leaks in two Russian gas pipelines running under the Baltic Sea near Sweden and Denmark, infrastructure at the heart of an energy crisis since Russia’s invasion of Ukraine. “The destruction that occurred on the same day simultaneously on three strings of the offshore gas pipelines of the Nord Stream system is unprecedented,” said network operator Nord Stream AG. Gazprom, the Kremlin-controlled company with a monopoly on Russian gas exports by pipeline, declined comment. Russia slashed gas supplies to Europe via Nord Stream 1 before suspending flows altogether in August, blaming Western sanctions for causing technical difficulties. The new Nord Stream 2 pipeline had yet to enter commercial operations.

☆ Nord Stream: Mystery leaks hit Russian gas pipelines to Europe
▼ + stars: | 2022-09-27 | by ( ) edition.cnn.com time to read: +4 min

Sweden’s Maritime Authority issued a warning about two leaks in the Nord Stream 1 pipeline, shortly after a leak on the nearby Nord Stream 2 pipeline was discovered that had prompted Denmark to restrict shipping in a five nautical mile radius. “The destruction that occurred on the same day simultaneously on three strings of the offshore gas pipelines of the Nord Stream system is unprecedented,” said network operator Nord Stream AG. Gazprom, the Kremlin-controlled company with a monopoly on Russian gas exports by pipeline, declined comment. Russia slashed gas supplies to Europe via Nord Stream 1 before suspending flows altogether in August, blaming Western sanctions for causing technical difficulties. The new Nord Stream 2 pipeline had yet to enter commercial operations.

The Hong Kong billionaire is offering $240 million to buy out minority shareholders in Caymans-registered Lifestyle International (1212.HK), his department store chain. Several Hong Kong tycoons have fallen foul of the notorious tests, which the Cayman Islands will scrap at the end of this month. Hong Kong dropped the rule in 2014, but is home to just 8% of the city’s listed companies. Lifestyle is domiciled in the Cayman Islands, which at the end of August will drop a requirement for the so-called headcount test. Almost 60% of primary-listed Hong Kong companies are domiciled in the Caribbean tax haven.

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