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Feb 15 (Reuters) - Index provider MSCI said on Wednesday it will postpone implementation of updates to weightings for two of India's Adani Group companies, Adani Total Gas (ADAG.NS) and Adani Transmission (ADAI.NS), to the May benchmark review. The reversal of the updates to Adani Total Gas and Adani Transmission in the February index review will be reflected in the MSCI Index Product files starting from Feb. 16, MSCI said. MSCI will also apply a special treatment for all Adani Group's associated securities in the MSCI Equity Indexes starting from February. The new index weightings were due to come into effect on March 1 but the proposed changes to Adani Total Gas and Adani Transmission will be delayed until May. MSCI examined the size of companies' free floats, having determined there was "sufficient uncertainty" surrounding some investors in Adani companies.

☆ Exclusive: After costly bond issue, Mexico's Pemex banks on high oil prices to pay off debt -sources
▼ + stars: | 2023-02-15 | by ( Ana Isabel Martinez | ) www.reuters.com time to read: +4 min

The high cost of borrowing forced a recalibration in Pemex and renewed determination to avoid the market, two company sources familiar with the matter said. Pemex has said it must pay back some $8 billion of financial debt this year and $8.7 billion next. But both sources said Pemex was banking on high crude oil prices to maintain the investments for this year as well as meet its financial obligations - without issuing more bonds. Financial debt started ballooning years ago when the oil company took on debt to pay its debts. Pemex declined to reveal the total value of debt payments due and Reuters was unable to independently calculate the figure.

☆ Dollar eases as inflation in focus, BOJ governor nomination awaited
▼ + stars: | 2023-02-14 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

The dollar index , which measures the U.S. currency against six major rivals, eased 0.019% to 103.17, having slipped 0.34% overnight. NEW BOJ GOVInvestors are also awaiting the formal nomination for the next Bank of Japan governor. Sources told Reuters that Japan's government was likely to appoint academic Kazuo Ueda as the next BOJ governor. Ueda, a former BOJ policy board member and an academic at Kyoritsu Women's University, is considered an expert on monetary policy but had not even been seen as a dark horse candidate for the top job. The Japanese yen strengthened 0.23% to 132.12 per dollar, having slipped 0.7% in the previous session.

☆ Explainer: What is at stake for investors in Nigeria's election?
▼ + stars: | 2023-02-13 | by ( Rachel Savage | ) www.reuters.com time to read: +4 min

Multiple exchange rates, widespread insecurity and low oil production due to massive crude theft are all problems that worry investors. Another focus is soaring fuel subsidy costs that devour government revenues and drive up debt. "No investor's going to want to buy into a market where you can't sell stock and get your money out," he said. Foreign investors held 16% of shares on Nigeria's stock exchange last year, sharply down from 58% in 2014, Nigerian Exchange Group data showed. Many investors, however, were cautiously optimistic that Nigeria would see improvements, whoever wins on Feb. 25.

☆ Spurs can't afford more injuries says Conte ahead of Milan last-16 tie
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: +2 min

MILAN, Italy, Feb 13 (Reuters) - Tottenham Hotspur will be in trouble if they pick up any more injuries, coach Antonio Conte said on the eve of their Champions League last-16 first-leg tie against AC Milan. (It's) their first game in the Champions League, they are very young, 22 and 20 years old," Conte said. Milan ended a seven-game winless run in all competitions with a 1-0 home victory over Torino on Friday and coach Stefano Pioli hopes the Champions League will lift his side. "It's inevitable we suffered those negative results and the victory over Torino boosted our morale," he said on Milan TV. "Aside from that, when the Champions League comes along, it’s the Champions League.

☆ IMF says El Salvador's bitcoin risks have not materialized but 'should be addressed'
▼ + stars: | 2023-02-11 | by ( Brendan O'Boyle | ) www.reuters.com time to read: +2 min

Feb 10 (Reuters) - Risks over El Salvador's embrace of bitcoin "have not materialized," but use of the cryptocurrency still requires transparency and attention, the International Monetary Fund (IMF) said Friday in a statement after a visit to the Central American country. "Given the legal risks, fiscal fragility and largely speculative nature of crypto markets, the authorities should reconsider their plans to expand government exposures to bitcoin," the IMF said in a statement. El Salvador's move to make bitcoin legal tender in September 2021 effectively closed the doors to IMF financing. El Salvador's Congress last month passed a law regulating the issuance of digital assets by both the state and private entities. The IMF highlighted the "full recovery" of El Salvador's economy to pre-pandemic levels, "driven by the effective government response to the health crisis."

☆ Leaders Arsenal held at home by Brentford, sorry Spurs thrashed at Leicester
▼ + stars: | 2023-02-11 | by ( Peter Hall | ) www.reuters.com time to read: +5 min

Brighton, who have not lost this year, were held to a 1-1 draw by Crystal Palace. An eight-point advantage in the table beckoned for Mikel Arteta's side but they never looked comfortable against an enterprising Brentford who should have been ahead by halftime. The visitors got their deserved point through Ivan Toney, who pounced in the 72nd minute to head in Christian Norgaard's cross. Only Harry Kane has netted more away goals in the Premier League this season than the Brentford striker. SORRY SPURSWith manager Antonio Conte back in the dugout after missing their win against Manchester City last Sunday following gallbladder surgery, Spurs made a good start at Leicester.

SYDNEY, Feb 10 (Reuters) - Index provider MSCI said it has cut the free-float designations of four securities of India's Adani group, a move which analysts have warned could impact their index weightings. MSCI said in a statement it has reduced the free floats of Adani Enterprises (ADEL.NS), Adani Total Gas (ADAG.NS), Adani Transmission (ADAI.NS) and ACC (ACC.NS). The remaining companies' free floats will remain the same. The four companies for which the free float designation change was announced had a combined 0.4% weighting in the MSCI emerging markets index as of Jan. 30. Analysts had said a change in free float status could affect the weightings of MSCI index constituents, possibly triggering a shift by funds as many investments are aligned to such indexes.

That window has been scrapped, with the ships now authorized to dock between Feb. 26 and March 3, the Brazil's foreign ministry said. A Brazilian military source confirmed that the federal government, via the foreign ministry, had shifted the dates and blocked the Iranian ships from docking. "The Iranian ships could not come during this period." A spokesperson for Brazil's foreign ministry said it was a "wrong assumption" to say Washington had pressured Brazil. Lula recoiled at U.S. sanctions on Iran and has declined to choose sides in the Russia-Ukraine war, saying Brazil is neutral and wants dialogue to reach peace.

☆ 'The grass does not grow': In Chile's far south, the worst drought in 50 years
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +2 min

[1/5] A view of parched earth as a wetland is drying up, in Punta Arenas, Chile February 2, 2023. In the far south city of Punta Arenas, that has led to a water emergency declared last year. "In 2022 Punta Arenas had its driest year in 52 years," said Nicolas Butorovic, a climatologist from the regional University of Magallanes. "The wind picks up and dries everything and the grass does not grow, that is the drama we're facing," said Hector Garay, a livestock farmer in the region. "If there is no irrigation water, water from rain, the grass does not grow.

☆ Fact Check-Chinese study made coronavirus antibodies in eggs by vaccinating hens
▼ + stars: | 2023-02-06 | by ( Reuters Fact Check | ) www.reuters.com time to read: +4 min

A 2021 study in China investigated antibodies generated by immunizing hens with a specific protein from the SARS-CoV-2 virus and found that the antibodies extracted from yolks could neutralize some versions of the coronavirus tested in the lab. The results do not mean that all egg yolks contain coronavirus-neutralizing antibodies or that eating eggs would prevent COVID-19, as suggested in some widely shared posts online. Posts refer to a study originally published in November 2020 (here), which analyzed immunoglobulin Y (or lgY) antibodies generated in the yolks of eggs from laying hens that had been immunized with the “spike” protein from SARS-CoV-2. Not all eggs, however, contain the specific antibodies that neutralize SARS-CoV-2, Rodrigo Gallardo, professor in poultry medicine at the UC Davis School of Veterinary Medicine, told Reuters via email. A study in China immunized hens to generate antibodies against SARS-CoV-2 in their eggs, it did not find that all eggs contain such antibodies or that eggs have any effect on COVID.

☆ Philippines coast guard chief says boosts South China Sea presence
▼ + stars: | 2023-02-06 | by ( Karen Lema | ) www.reuters.com time to read: +3 min

"We're making sure that the presence of coast guard vessels is felt by the fishermen in the area," Admiral Artemio Abu, Commandant of the Philippines Coast Guard (PCG), said in an interview. "At a moment's notice, the coast guard vessels we will be there because they are exclusively and primarily dedicated for that purpose," said Abu. The 26,000-strong coast guard has 25 primary ships that can be used for deployment and patrols. Since 2002, the Philippines has filed 200 diplomatic notes and protests against China's actions in the South China Sea. The Pentagon also said separately the United States and the Philippines had "agreed to restart joint maritime patrols in the South China Sea to help address these challenges."

☆ Taylor Swift will make history if she wins album of the year at the Grammys. Here's every other album of the year winner.
▼ + stars: | 2023-02-06 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

There have been 65 album of the year winners since the first Grammys ceremony in 1959. Taylor Swift will make history as the person with the most AOTY awards if she wins on Sunday. The top award of the night is album of the year, for which Jon Batiste, boygenius, Miley Cyrus, Lana Del Rey, Janelle Monáe, Olivia Rodrigo, Taylor Swift, and SZA are all nominated. If Taylor Swift wins the award, she will go down in history as the first person to win album of the year four times, the most of any nominee. Here's every winner of album of the year throughout history.

Persons: Harry Styles, Taylor Swift, —, Jon Batiste, Miley Cyrus, Lana Del Rey, Janelle Monáe, Olivia Rodrigo, Here's Organizations: Service Locations: Los Angeles

☆ Lula says 'no explanation' for Brazil's current interest rate levels
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +1 min

RIO DE JANEIRO, Feb 6 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Monday there was "no explanation" for the country's high interest rates, with the benchmark rate at a six-year high, adding that development bank BNDES could help bring down lending costs. Lula, who last week criticised the central bank's formal autonomy and suggested a review of its status, said Brazil's problem was a "culture of high rates" rather than the newfound independence of the central bank. Lula called on business leaders to speak out against current interest rate levels, while dubbing the monetary policy committee's explanation for keeping rates at the current 13.75%, in place since August, "shameful". "There is no justification for the interest rate levels. The committee, known as Copom, said last week it was considering holding interest rates high for longer than markets expect due to fiscal risks under Lula.

☆ A 300 million-year-old fossilized fish has the world's 'oldest preserved vertebrate brain.' It offers new clues about evolutionary history, say scientists.
▼ + stars: | 2023-02-04 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +3 min

Scientists discovered the fossilized brain of a vertebrate in a 319-million-year-old fossil. The rare finding offers new insights into the evolution of extinct bony fish related to the salmon. The finding suggests a more complex brain evolution pattern, allowing researchers to define better "how and when present-day bony fishes evolved." Researchers believe the extinct ray-finned fish would have been about six to eight inches long, and its brain and associated nerves are roughly an inch long. The ancient fish is on loan to scientists from the Manchester Museum in England.

The sharp contrast with Bolsonaro, who criticized environmental agents, was a relief to some scientists concerned that the retreating Amazon rainforest may be near a point of no return. Ibama's staffing and resources expanded in Lula's 2003-2010 presidency, when he managed to reduce Amazon deforestation by 72%. Rodrigo Agostinho, whom Lula tapped to run Ibama, told Reuters in an interview that the agency now has about 350 active field agents for all of Brazil. That is less than half what it had at the start of Bolsonaro's term and well below the 2,000 field agents at the peak of its powers, he added. Sidelining Ibama, Bolsonaro deployed the military to protect the Amazon, but their inexperience in conservation failed to lower deforestation while running up a massive bill.

Several of this year's Grammy nominees, including "abcdefu" singer Gayle and R&B artist Muni Long, rose in popularity after influencers and everyday users posted TikTok videos with their music. Even as the music industry gathers in Los Angeles to celebrate artists and their songs at Sunday's Grammy awards, the relationship between hitmaker TikTok and music labels is showing signs of strain. As deals with the major music companies expire, the labels are looking to receive some of TikTok's ad revenue, according to Tatiana Cirisano, music industry analyst for Midia Research. One music industry insider, who spoke on condition of anonymity, said "it’s open to interpretation" why this is happening now. "TikTok has become really integral to the way that younger people relate to music, discover music and consume it,” Cirisano said.

☆ U.S., Philippines agree to larger American military presence
▼ + stars: | 2023-02-02 | by ( ) www.cnbc.com time to read: +3 min

U.S. Defense Secretary Lloyd Austin (R) walks past military guards at Camp Aguinaldo on Feb. 2, 2023 in Quezon City, Manila, Philippines. Austin is visiting Manila for meetings with Philippine officials in an effort to boost bilateral ties between the two countries. The agreement was reached as U.S. Defense Secretary Lloyd Austin was in the country for talks about deploying U.S. forces and weapons in more Philippine military camps. American forces were granted access to five Philippine military camps, where they could rotate indefinitely under the 2014 EDCA defense pact. In October, the U.S. sought access for a larger number of its forces and weapons in an additional five military camps, mostly in the north.

☆ U.S. first lady Jill Biden to present at Grammy Awards
▼ + stars: | 2023-02-01 | by ( Kanishka Singh | ) www.reuters.com time to read: +2 min

Feb 1 (Reuters) - U.S. first lady Jill Biden will attend this year's Grammy Awards as a presenter, the White House said on Wednesday. Biden is not the only first lady to appear at the Grammy Awards, the music industry's top honors. Hillary Clinton won a Grammy in 1997 while she was first lady for best spoken word album for her book "It Takes a Village." Nominations for the Grammy Awards, which take place on Sunday, were announced in November at the Grammy Museum. Beyonce and Jay-Z both have 88 nominations in total for the peer-voted music awards.

☆ Magnitude 6 earthquake hits Mindanao, Philippines – EMSC
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: 1 min

MANILA, Feb 1 (Reuters) - A magnitude 6.0 earthquake struck Mindanao in the Philippines on Wednesday, the European Mediterranean Seismological Centre (EMSC) said. The quake struck at a depth of 2 kilometres (1.24 miles), the EMSC said. It was felt in Davao City, hometown of former President Rodrigo Duterte, the region's civil disaster agency said on Facebook. The earthquake was felt more strongly in the nearby province of Davao de Oro. Reporting by Kanjyik Ghosh in Bengaluru; additional reporting by Neil Jerome Morales in Manila; Editing by Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.

☆ Emerging markets growth slowdown bottomed out in 2022, but risks remain -IMF
▼ + stars: | 2023-01-31 | by ( Rodrigo Campos | ) www.reuters.com time to read: +4 min

NEW YORK, Jan 30 (Reuters) - The International Monetary Fund on Monday raised its output growth estimate on emerging markets for this year, with projections now showing the economic slowdown in the region may have bottomed out in 2022, on the back of China reopening, a resilient India and unexpected growth in Russia. Inflation, a recent hamper on growth, is seen high although continuing to slow this year and next. Russia, on the other hand, has seen a 2.6 percentage point increase in the 2023 growth projection, which translates to a view of a 0.3% expansion this year. Brazil and Mexico, Latin America's largest economies, were both upwardly revised in their 2023 economic growth by 0.2 and 0.5 percentage point, respectively. For Latam and the Caribbean, the overall increase in the growth estimate was just 0.1 percentage point, to 1.8%.

☆ Dollar cautiously firm ahead of busy central bank week
▼ + stars: | 2023-01-30 | by ( Rae Wee | ) www.reuters.com time to read: +2 min

SINGAPORE, Jan 30 (Reuters) - The dollar firmed on Monday and distanced itself from an eight-month trough ahead of a slew of central bank meetings this week, including the Federal Reserve's, with traders keenly focused on guidance for the path of interest rate rises. The U.S. dollar index , which measures the greenback against a basket of currencies, rose 0.03% to 101.92, edging away from last week's eight-month low of 101.50. Moves were subdued ahead of policy meetings from the Fed, the European Central Bank (ECB) and the Bank of England (BoE) later this week. "We will range trade a little bit as the market tries to assess how the central banks behave .... Elsewhere, the Aussie rose 0.11% to $0.71175, while the Japanese yen slipped marginally to 129.94 per dollar.

[1/4] People carry a banner reading " We are also teaching fighting" as school workers demonstrate for better salaries and working conditions, in Lisbon, Portugal January 28, 2023. REUTERS/Rodrigo AntunesLISBON, Jan 28 (Reuters) - Tens of thousands of public school teachers and other staff marched in Lisbon on Saturday to demand higher wages and better working conditions, putting further pressure on the Portuguese government as it grapples with a cost of living crisis. The Union of All Education Professionals (STOP) is demanding that the government increases the wages of teachers and school workers by at least 120 euros ($130) a month and speeds up career progression. Teachers on the lowest pay scale are paid around 1,100 euros per month and even those in the top band typically earn less than 2,000 euros monthly. We need better conditions in terms of salary, it's unacceptable that we don't have progression in our careers," said Isabel Pessoa, 47, a science and biology teacher.

☆ Philippines defiant, says won't cooperate with ICC investigation
▼ + stars: | 2023-01-26 | by ( ) www.reuters.com time to read: +4 min

Jesus Crispin Remulla said the ICC should not impose on the Philippines, which is no longer a signatory to the international tribunal. The ICC, which had suspended the investigation in November 2021 at Manila's request, said in a statement it was "not satisfied that the Philippines is undertaking relevant investigations that would warrant a deferral of the investigation." Current Philippine President Ferdinand Marcos Jr and the vice president, who is Duterte's daughter, did not comment on the latest ICC decision. Human Rights Watch said the ICC investigation was the only credible path to justice for victims and their families. Families of many drug war victims are still seeking justice in long, drawn-out cases.

☆ ICC prosecutor gets approval to reopen Philippines drug war probe
▼ + stars: | 2023-01-26 | by ( ) www.reuters.com time to read: +3 min

The ICC on Thursday said it had granted its prosecutor's request to reopen an investigation into drug war killings and other suspected rights abuses. The court suspended the probe in November 2021 at Manila's request after the country said it was implementing its own investigations and prosecutions. In a statement, the ICC said it was "not satisfied that the Philippines is undertaking relevant investigations that would warrant a deferral of the investigation." Human Rights Watch said the ICC investigation was the only credible path to justice for victims and their families. Meanwhile, the families of many drug war victims are still seeking justice in long, drawn-out cases.

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