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Local governments plan to use the proceeds of the latest bond sales to purchase equity or convertible bonds from smaller banks, most of them state-owned, effectively recapitalising them, according to the deal prospectuses. DEEPER IN DEBTThe intensified efforts to support smaller banks also come amid growing worries about the impact of ballooning local government debt on the economy. While policymakers are highly concerned over rising debt levels, Beijing has little option but to support smaller banks to contain spillover risks, analysts said. It was not immediately clear if the central authorities had given any guidance to the local governments on recapitalising smaller banks, and who were the buyers of these special-purpose bonds. "Local governments are a likely the first line of defense whenever regional banks become stressed," they said.
Persons: Kim Kyung, Gavekal, Zhang Xiaoxi, Pan Gongsheng, Ziyi Tang, Ryan Woo, Sumeet Chatterjee, Kim Coghill Organizations: People's Bank of China, REUTERS, Rights, China Electronic Local Government Bond, Authorities, National Financial Regulatory Administration, International Monetary Fund, Beijing, Thomson Locations: Beijing, Rights BEIJING, China, Henan, China's, Liaoning, Yunnan, Inner Mongolia
“High-quality, sustainable growth is far more important.”The country is moving away from manufacturing and real estate, its traditional drivers of growth, towards a newer economic model driven by consumption and services, he added. “I’m confident China will enjoy healthy and sustainable growth in 2024 and beyond.”His remarks come at a time when China is battling a protracted recession in its vast real estate sector. But the country’s real estate sector is still struggling with sluggish sales and falling home prices. “China’s real estate market is experiencing some adjustments,” he said. The regulators have also introduced a raft of measures to stabilise the real estate industry, including reducing mortgage rates for home buyers.
Persons: Pan Gongsheng, , Pan, “ I’m, , Stringer Organizations: Hong Kong CNN, People’s Bank of, , Getty Locations: Hong Kong, “ China, People’s Bank of China, China, , Fuyang, China's, Anhui, AFP, Wuhan, Hubei
That's why we are jumping on this deal from Amazon: 47% off a Calphalon 10-Piece Cookware Set. The Calphalon Classic Hard-Anodized Cookware Set has it all, plus 1.5- and 2.5-quart sauce pans. Each piece comes with a tempered glass lid (you can use the larger ones on the skillets) and is oven safe to 450 degrees Fahrenheit. However, we do recommend hand-washing your cookware (and using silicone or wooden utensils) to extend the life of the material. For more deals like this, check out our round-up of the best Cyber Monday deals.
Organizations: Amazon
Dalia Jacobs, a Palestinian brand strategist and creative director, told CNN she wears a keffiyeh made in her hometown, Hebron, when she travels abroad. The keffiyeh “says who I am and carries my family’s history with me always,” she told CNN. To combine the two pieces of Palestinian cultural heritage, she used traditional embroidery techniques to adorn her black and white keffiyeh. During the 1960s, there was another resurgence in the keffiyeh as political symbol, with the scarf worn by both men and women. Yasser Arafat, who served for decades as the chairman of the Palestine Liberation Organization, was often pictured wearing the black and white keffiyeh, which further cemented the scarf as a symbol of the Palestinian national struggle.
Persons: , Majeed Malhas, keffiyehs —, keffiyehs, Malhas, Hazem Bader, Dalia Jacobs, ” A.S, , Ghnaim, ” Yasser Arafat, Georges De Keerle, Yasser Arafat, Leila Khaled, Harry Koundakjian, Carrie Bradshaw, Louis Vuitton, keffieh, ” Malhas Organizations: CNN, University of Toronto, Metropolitan Museum of Art, Arab, Palestinian, West Bank, Getty, Palestinian Liberation Organization, Palestinian Authority, Palestine Liberation Organization, Popular Front, Liberation, Palestine, City Locations: Vermont, Israel, Palestinian, Canadian, Palestine, New York City, , Old City, Hebron, North Carolina, Jordan, France, Burlington, New York
PANAMA CITY (AP) — Panama’s Supreme Court ruled unanimously Tuesday that a 20-year concession for a Canadian copper mine that has been the focus of widespread environmental protests was unconstitutional. In March, Panama’s legislature reached an agreement with First Quantum allowing Minera Panama to continue operating the huge copper mine for at least 20 more years. The dispute over the mine led to some of Panama's most widespread protests in recent years, including a blockade of the mine’s power plant. A court decision that declared the contract unconstitutional was the last opportunity for opponents to get it thrown out. The Canadian government said it respected Tuesday's ruling and was following the contract negotiation closely.
Persons: , Raisa Banfield, , , Jean, Pierre J, ” ___ Rob Gillies Organizations: PANAMA CITY, Minerals, Pan, Naval, Panamanians, National Assembly, government’s Global Affairs Department Locations: PANAMA, Panama, Panama’s, Costa Rica, Minera Panama, Colon province, Toronto, America, Caribbean
[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
Some of our favorite Cyber Monday kitchen deals include this $40 discount on the Instant Pot Vortex Plus, the top-ranked pick from our guide to the best air fryers. Be sure to check out more of the best Cyber Monday air fryer deals we've found. The best Cyber Monday coffee maker dealsSome of the best coffee makers we've tested are on sale for Cyber Monday. The best Cyber Monday KitchenAid dealsThese stand mixers represent the best of the bunch we've tested in our guide to the best KitchenAid stand mixers. The best Cyber Monday cookware dealsHere are some of the best deals we're seeing on cookware from brands regularly featured in our lists of the best cookware sets, best cast iron skillets, and more.
Persons: we're, we've, they're, fryer, You'll, Organizations: Air, Williams Sonoma
Right now, we're tracking the biggest discounts to be found during the Le Creuset Cyber Monday sale. For our guides to the best cast iron skillets and the best Dutch oven, we tested Le Creuset pieces and ranked them among our top picks. The best Le Creuset Cyber Monday deal is $150 off the Le Creuset Chef's Oven with a glass lid. The best Le Creuset Cyber Monday sale dealsLe Creuset Cyber Monday FAQsIs Le Creuset worth it? You can get great cast iron from more budget-friendly brands like Lodge Cast Iron, but we stand by Le Creuset for enameled cast iron statement pieces.
Persons: Creuset, Le, Le Creuset
She replaces Mafalda Duarte, who left in July 2023 to lead the Green Climate Fund. Luis Tineo, interim CEO, will lead CIF until March, 2024. "Developing countries are at the forefront of the climate crisis, and we will only meet this decisive moment by working together to scale climate finance where it is needed most," Gbadegesin said in a statement. Among the largest multi-lateral climate funds in the world, CIF offers projects highly concessional capital that can leverage development bank and private sector money to fund low carbon, climate-resilient development. As well as the World Bank Group, including the International Finance Corp, CIF invests through the African Development Bank, the Asian Development Bank, the European Development Bank, and the Inter-American Development Bank.
Persons: Mafalda Duarte WASHINGTON, Tariye Gbadegesin, Gbadegesin, Mafalda Duarte, Luis Tineo, , Bob Natifu, Edward Webber, Simon Jessop, Valerie Volcovici, David Gregorio Our Organizations: Global, Investment Funds, World Bank, ARM Harith Infrastructure Investments, Climate Fund, Initiative, International Monetary Fund, Boston Consulting, Africa Finance Corp, Trust Fund Committee, International Finance Corp, African Development Bank, Asian Development Bank, European Development Bank, Inter, American Development Bank, Thomson Locations: South Africa, Indonesia
Alexander Spatari/ Getty ImagesIron comes in two different forms: heme iron and nonheme iron. Animal products contain heme iron, which comes from hemoglobin — a protein responsible for transporting oxygen in blood. Roughly 25 to 30 percent of heme iron is absorbed by your body, according to a 2019 study . However, these foods contain nonheme iron — a type of iron that is not as readily absorbed by the body. Witthaya Prasongsin/ Getty ImagesWhite beans are a good source of nonheme iron: A 1-cup serving of canned white beans contains 8 mg of nonheme iron .
Persons: , Alexander Spatari, Prasongsin, it's Organizations: Service, American Society of Hematology, National Institutes of Health, Consumer
He's been CEO of European airline easyJet for the past six years. AdvertisementIn a parallel universe, Johan Lundgren would have become a professional musician and never ended up as CEO of one of the world's biggest airlines. "I like people, and I like travel," Lundgren tells Business Insider in a faint Swedish accent during an interview in central London. He spent many years at TUI, one of Europe's biggest travel companies, rising to deputy CEO by the time he left in 2015. AdvertisementIt's the UK's biggest airline and is first or second in many other markets too.
Persons: Johan Lundgren, He's, Lundgren, , Swede, easyJet, Charles de Gaulle, Charles de, It's, I've, didn't, Bob Jordan, EasyJet, Stelios Stelios Haji, he's, that's, Michael O'Leary, Filipo Monteforte, Ryanair's Michael O'Leary, O'Leary Organizations: easyJet, Service, Royal College of Music, Soviet Union, SAS, Southwest Airlines, Ryanair, British Airways, London Gatwick, Southwest, UK's, Airbus, Getty Locations: Britain, London, Stockholm, Leningrad, Russia, Soviet Union, Soviet, TUI, Majorca, Europe, Charles, Paris, Charles de Gaulle, easyJet, Ukraine, Sweden, Canada, Toronto, AFP
Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. “It still gives me butterflies in my stomach,” Zahn tells CNN Travel today. Ski seasonNumerous ski resorts around the world are facing the reality that in these times of climate crisis, there just isn’t enough snow to carry on. Turkey is a famous choice for beach destinations, but it’s also home to a number of under-the-radar ski resorts. With reports of chair hogs, food fights and booze guzzlers, CNN Travel asks if cruising etiquette has been lost at sea.
Persons: Love, Ilona Zahn, Ian Duncan’s, ” Zahn, Zahn, it’s, They’d, you’re, There’s Organizations: CNN, Pan, CNN Travel, Thai Airways Locations: Rome, Peter’s, Cambodia, Angkor, , Tabasco, Tehran, United States, Bangkok, New York, French, Bellagio, Italy, Turkey, States, Alaska, Istanbul, Nevada's Valley, Vegas, Fire, Prague, Loch Ness
Norwest partner Sean Jacobsohn started collecting objects from failed businesses a year ago. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . To make it into the museum, the failure has to be a physical item — no NFTs allowed, Jacobsohn said. Some even offer to donate failed business swag as a way of getting in his rolodex. He's currently scheduled to lead a guest lecture on the subject for the class "Avoiding Startup Failure,' he mentioned.
Persons: Sean Jacobsohn, he's, it's, , Jordan Poole, Jacobsohn, Sean Jacobsohn's, freebie, Jacobsohn's, Mattel, Allan, Ken's, Michael Cera's, Harley Davidson's, Elizabeth Holmes, He's, you've Organizations: Service, Bay Area, Norwest Venture Partners, Golden State Warriors, Business, Mattel, eBay, mater, Harvard Business School Locations: Bay, cologne
Lindner plans to lift self-imposed limits on borrowing and present a supplementary budget next week after a constitutional court ruling wiped billions from the federal budget and forced the government to freeze most new spending commitments. HANDS TIED IN A BOXING MATCHThe crisis has sparked calls for reforming the debt brake. "With the debt brake as it is, we have voluntarily tied our hands behind our backs and are going into a boxing match. A poll by the broadcaster ZDF suggested only a minority of Germans, 35%, supported suspending the debt brake however, compared to 61% wanting it to stay in place. Some 57% wanted the budget shortfall from the court ruling to be covered by spending cuts, 11% favoured tax increases and 23% wanted the state to take on additional debt.
Persons: Christian Lindner, Lindner, hawkish Lindner, Chancellor Olaf Scholz's, Robert Habeck, Habeck, Thomas Gitzel, Holger Hansen, Christian Kraemer, Miranda Murray, Rene Wagner, Matthias Williams, Toby Chopra Organizations: BERLIN, German Finance, Greens, ZDF, Bank, Thomson Locations: Germany, China, Europe
Today, November 24, we're sorting through every deal to find the best Le Creuset Black Friday sale discounts. Known for cast iron pieces that last for decades, Le Creuset is a favorite among professional and home cooks. So far, the best Le Creuset Black Friday deal is $150 off the Le Creuset Chef's Oven with a glass lid. The best Le Creuset Black Friday sale dealsLe Creuset Black Friday FAQsIs Le Creuset worth it? You can get great cast iron from more budget-friendly brands like Lodge Cast Iron, but we stand by Le Creuset for enameled cast iron statement pieces.
Persons: Le, Le Creuset, Creuset
CNBC Daily Open: Singing the OPEC blues
  + stars: | 2023-11-24 | by ( Clement Tan | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Oil and gas companies pulled ahead with a 1.4% gain despite the continued fall in oil prices after OPEC delayed its policy-setting meeting. The targeted projects include the HTX digital currency exchange, formerly known as Huobi, from which hackers drained around $30 million worth of cryptocurrencies, the company said in a statement on Wednesday. CNBC Pro discusses ways to bet against this stock.
Persons: Justin Sun, HTX, Claudia Buch Organizations: CNBC, U.S, Fort Worth International Airport helped American Airlines Locations: Dallas, Europe
They are the two ingredients that everyone in my house almost always feels like eating. Easygoing pros, pasta and beans never cause a fuss. Of course, pasta and beans have already co-starred in many classic dishes. There’s pasta e fagioli and pasta e ceci, both of which can be as soupy or stewlike as you prefer. And then there’s minestrone, which falls squarely into the brothier camp.
We're avid home cooks and experts, so we scoured the internet to find the absolute best Black Friday kitchen deals. You can save $40 at Amazon on the top-ranked pick from our guide to the best air fryers. The best Black Friday air fryer dealsAir fryers are some of the most heavily discounted countertop companions during Black Friday. The best Black Friday coffee maker dealsSome of the best coffee makers we've tested are on sale for Black Friday. The best Black Friday KitchenAid dealsThese stand mixers represent the best of the bunch we've tested in our guide to the best KitchenAid stand mixers.
Persons: we've, you've, fryer, you'll Organizations: Amazon, Air, Black, Williams Sonoma
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 21, 2023. The pan-European STOXX 600 (.STOXX) rose 0.4% to close out the week with a 0.9% gain as investors focused on corporate earnings and the prospect of rate cuts. Euro zone government bond yields were set to close the week higher as investors balanced recession fears against comments from European Central Bank policymakers pushing against market expectations for rate cuts in 2024. For the week, real estate (.SX86P) shares lagged while media (.SXMP) and retail stocks (.SXRP) were the top performers. Reporting by Ankika Biswas and Bansari Mayur Kamdar in Bengaluru; Editing by Sonia Cheema, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
Persons: Wintershall, they're, Giles Coghlan, Coghlan, Christian Lindner, Germany's DAX, Ankika Biswas, Bansari, Sonia Cheema, Kirsten Donovan Organizations: REUTERS, Staff, BASF, U.S, European Central Bank, Shoppers, Bloomberg News, Abu, Abu Dhabi National Oil Co, Barclays, German, Thomson Locations: Frankfurt, Germany, Europe, Abu Dhabi, Israel, Bengaluru
REUTERS/Andrew Kelly Acquire Licensing RightsSummary poll dataBENGALURU, Nov 22 (Reuters) - Most key global stock indexes are forecast to rise modestly over the coming year, closing 2024 below record highs, while a slim majority of stock market experts polled by Reuters expected their markets to touch new peaks within the next six months. However, only a handful of the 15 top stock indexes were predicted to trade at record peaks by end-2024, based on a wider Nov. 9-22 poll of more than 120 stock market experts. LOWER BOND YIELDSFor now, markets are pricing in a series of 2024 rate cuts, which is sending bond yields lower and stock prices higher. "Falling bond yields are being interpreted by equity markets as a positive in the near-term," said Marko Kolanovic, chief global markets strategist at J.P. Morgan. Canada's main stock index was expected to rise less than previously thought over the coming year as a slowdown in the global economy weighs on the outlook for corporate earnings.
Persons: Andrew Kelly, Ajay Rajadhyaksha, Marko Kolanovic, Morgan, Hari Kishan, Indradip Ghosh, Ross Finley, Alex Richardson Organizations: New York Stock Exchange, REUTERS, Reuters, Traders, U.S . Federal, Barclays, Nikkei, Thomson Locations: New York City, U.S, BENGALURU, Monday's, Bengaluru, Buenos Aires, London, Mexico City, Milan, New York, San Francisco, Sao Paulo, Tokyo, Toronto
Phyllis Kramer is a Butterball Turkey Talk-Line expert based in Aurora, Illinois. AdvertisementI've been talking turkey on the Butterball Talk-Line for 22 years now. AdvertisementSome people assume my job must be easy, but they couldn't be more wrongKramer answers calls to the Butterball Turkey Talk-Line. AdvertisementOur average call lasts 3 minutes, and the most common question is how to thaw a frozen turkeyA herb- and citrus butter-roasted Butterball turkey. I always thaw turkey in the refrigerator.
Persons: Phyllis Kramer, She's, , I've, Kramer, I'm, we're, we've, parsnip, it's, We'll Organizations: Service, Canadian, Foods, Butterball University Locations: Turkey, Aurora , Illinois, Butterball Turkey, Naperville , Illinois
Here are my strategies for reheating meals that taste just as good the second (or third) time around and eating every single portion of everything I cook. Turning to the microwave is often the first response when reheating leftovers, but it's not always the method that will give the most optimal results for most foods. These ovens can reheat food without waiting to preheat, and many offer convection, air frying or one-touch pizza options. What foods work best for microwave reheating? Foods that have a main liquid component, such as soups and stews, are a natural fit for microwave reheating.
Persons: sighs, that’s, Margot Vigeant, it's, Alberto Mier, ” Vigeant, , , Maillard, It’s, fryer, skillet, I’m, Vigeant, you’ve, it’s, Casey Barber Organizations: CNN, Bucknell University, Pennsylvania Locations: United States, yuck, reheating
[1/3] A street sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021. While Wall Street's rally was modest but broad-based, energy stocks (.SPNY) were the clear outlier, falling in tandem with crude prices . But crude prices settled well above the day's lows. U.S. crude dipped 0.86% to settle at $77.10 per barrel, while Brent settled at $81.96, down 0.59% on the day. Gold prices dipped below the key $2,000 per ounce level in opposition to the dollar's strength.
Persons: Brendan McDermid, Ryan Detrick, Detrick, Sterling, Wall, Brent, Stephen Culp, Amanda Cooper, Deepa Babington Organizations: Wall, REUTERS, U.S, Nasdaq, Nvidia, Carson Group, Federal Reserve, Fed, Dow Jones, Japan's Nikkei, Treasury, OPEC, Thomson Locations: New York, U.S, China, Omaha, Asia, Pacific, Japan, OPEC, London
US stocks edge higher ahead of holiday, crude tumbles
  + stars: | 2023-11-22 | by ( Stephen Culp | ) www.reuters.com   time to read: +4 min
[1/3] A street sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021. All three major U.S. stock indexes were green ahead of the U.S. Thanksgiving holiday, with interest rate sensitive momentum stocks putting the tech-laden Nasdaq in the lead. "People feel good going into the Thanksgiving holiday," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. The pan-European STOXX 600 index (.STOXX) rose 0.36% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 0.11%. Emerging market stocks lost 0.57%.
Persons: Brendan McDermid, Peter Tuz, Tuz, Sterling, Brent, Stephen Culp, Amanda Cooper, Deepa Babington Organizations: Wall, REUTERS, U.S, Nvidia, Federal Reserve, Chase Investment, Dow Jones, Nasdaq, Japan's Nikkei, Treasury, Fed, Federal, Thomson Locations: New York, U.S, China, Charlottesville , Virginia, OPEC, Asia, Pacific, Japan, London
Food in video games is often referred to as a “consumable,” a resource that confers health or another perk on the player. But in Venba, a narrative cooking game, food is something more: It’s something to labor over, to infuse with rich emotions, to savor. In one scene, an immigrant mother cooks a meal for her son, expecting him home from university. Chicken drumsticks simmer in a sticky sauce; a whole fish sizzles in a frying pan; an unctuous golden curry bubbles. Despite Venba’s three-year development phase, this scene of prepared-yet-uneaten food made it into the final game essentially untouched.
Persons: Abhi Swaminathan, , Sam Elkana, amma ” Locations: Venba, Canada, Toronto, India
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