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☆ I moved from New York to Taiwan for work. I had to take a pay cut to my $40,000 salary — but I have no regrets.
▼ + stars: | 2023-11-15 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +5 min

Alex Teachey is a New Yorker who moved to Taiwan in 2020. AdvertisementThis as-told-to essay is based on a conversation with Alex Teachey, a 38-year-old astronomer and New Yorker who moved to Taiwan in 2020. I landed my current job as a postdoctoral fellow at the Academia Sinica in Taipei, Taiwan, that same year. It's in a neighborhood that I love, in New Taipei City, the enormous donut that sprawls around the center of Taipei. I live a 20-minute bike ride from my office — I never could have have afforded anything remotely similar if I'd stayed in New York City.

Persons: Alex Teachey, —, I'd, New York Alex Teachey, it'd, I've, — it's, we're Organizations: New Yorker, Service, Yorker, New York University, Columbia University, Academia Sinica, Tap, Google, Taiwan's Locations: New, Taiwan, New York, Taipei, Here's, Tap Taipei, York City, New York City, Yonghe, New Taipei City, Qingshui Cliff, Hualien

☆ German economy, auto sector face risks from exposure to China, fund manager says
▼ + stars: | 2023-11-15 | by ( Christoph Steitz | ) www.reuters.com time to read: +2 min

[1/2] A view shows the flags of China and Germany at a booth of a German automaker at the Auto Shanghai show, in Shanghai, China, April 19, 2023. That poses a dilemma for the German government, which is actively trying to get companies to derisk from China, the world's second-largest economy. The fund manager said it was striking that German companies are also increasingly relocating research and development activities to China, while others did the opposite for security reasons. Union Investment holds stakes in virtually all German blue-chip companies, including German carmakers Volkswagen (VOWG_p.DE), BMW (BMWG.DE) and Mercedes-Benz (MBGn.DE) as well as BASF (BASFn.DE), which all have major ties and exposure to the Chinese economy. The exposure means that German carmakers are facing risks such as being squeezed out of the Chinese market as well as seeing increased Asian competition in Europe, the fund manager said.

Persons: Aly, Christoph Steitz, Paul Simao Organizations: Auto, REUTERS, Rights, Union Investment, Reuters, Investment, Volkswagen, BMW, Mercedes, Benz, BASF, Thomson Locations: China, Germany, Auto Shanghai, Shanghai, Japan, South Korea, United States, derisk, German, Europe, Berlin, Beijing

☆ Wynn Resorts CEO: The market had expectations of a Macao recovery that didn't pan out this quarter
▼ + stars: | 2023-11-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWynn Resorts CEO: The market had expectations of a Macao recovery that didn't pan out this quarterWynn Resorts CEO Craig Billings joins 'Squawk on the Street' to discuss what happened in Wynn's quarterly earnings results, whether the recovery is intact in Macao, and how Wynn's hotel pricing shapes up in the coming months.

Persons: Craig Billings Organizations: Wynn Resorts Locations: Macao

European markets were mixed on Tuesday, with investors looking ahead to preliminary third quarter gross domestic product data from the euro zone, along with October's U.S. inflation print. The pan-European Stoxx 600 index was roughly flat in early trade. Other data releases include the single currency area's unemployment figures for the third quarter and Germany's ZEW survey of economic sentiment in November. Asia-Pacific markets rose overnight as investors looked ahead to highly anticipated talks between the U.S. and China as well as more economic data. U.S. stock futures were flat overnight as investors prepare for the October consumer price index reading slated for release before the start of U.S. trading.

Persons: Joe Biden, Xi Jinping's Organizations: October's, Vodafone, RWE, Imperial Brands ., U.S, Federal Locations: Imperial Brands . Asia, Pacific, China, San Francisco

☆ Israel weapons makers leave stands empty at Dubai Airshow
▼ + stars: | 2023-11-13 | by ( Alexander Cornwell | ) www.reuters.com time to read: +3 min

DUBAI, Nov 13 (Reuters) - The exhibition stands of Israeli weapons makers Israel Aerospace Industries (IAI) and Rafael Advanced Defense Systems were empty at the start of the opening day of the weeklong Dubai Airshow on Monday, amid the Israel-Hamas war in Gaza. It was not immediately clear why there were no staff at either exhibition stand, which were located close to the pavilion of United Arab Emirates state arms maker EDGE. IAI and EDGE signed joint development programmes at the last Dubai Airshow in 2021. The IAI exhibition stand was blocked off with red rope. The UAE became the most prominent Arab nation to establish diplomatic ties with Israel in 30 years under the U.S.-brokered Abraham Accords in 2020.

Persons: Rafael, Gaza –, Abraham, Sheikh Mansour bin Zayed Al Nahyan, Sheikh Mohamed, Alexander Cornwell, Christopher Cushing Organizations: Israel Aerospace Industries, IAI, Rafael Advanced Defense Systems, United Arab, EDGE, Palestinian Hamas, UAE, Israel, Elbit Systems, Reuters, The, U.S, Abraham Accords, Arab League, of Islamic Cooperation, Thomson Locations: DUBAI, Dubai, Israel, Gaza, United Arab Emirates, Palestinian, Israeli, UAE, Arab, U.S, The UAE

☆ Here's an unusual income play for U.S. investors out of China, according to UBS
▼ + stars: | 2023-11-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Investors looking for dividend plays may want to check out China-based wealth management firm Noah , according to UBS. Noah announced its first dividend payout plan in 2022, and its payout ratio — or the proportion of the company's net income paid out to shareholders as dividends — was equivalent to 17.5%, she said. However, there are likely more capital market initiatives to increase returns to shareholders, Li pointed out. "We expect the company to announce more initiatives to increase market liquidity and shareholder return. We see upside risk to a potentially increased dividend payout ratio for 2023E," she wrote.

Persons: Noah, Helen Li, —, Li, NOAH YTD, We're, Qing Pan, — CNBC's Michael Bloom Organizations: UBS, The, Zhongzhi Enterprise Group Locations: China, U.S

☆ European markets start the week in positive territory; U.S.-China talks in focus
▼ + stars: | 2023-11-13 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets made a positive start to the new trading week, with investors looking ahead to high-stakes talks between the U.S. and China in the next few days. The pan-European Stoxx 600 index was up 0.5% in early trade, with travel and leisure stocks adding 1.4% to lead gains as most sectors advanced. Food and beverage stocks slid 0.3% lower. Most Asia-Pacific markets reversed gains overnight to trade lower as investors considered economic data releases ahead of U.S. President Joe Biden and China's President Xi Jinping's first in-person meeting in about a year. U.S. stock futures inched down Sunday night after the move.

Persons: Joe Biden, Xi Jinping's Organizations: U.S, Global, Moody's Locations: China, Asia, Pacific

If both are calculated in dollar terms, however, Chinese stocks have, by some measures, carried an advantage over the very long term. Many observers say demographics, deleveraging, and de-risking - U.S. firms on-shoring, new supply chains, and trade tensions – will be a considerable long-term drag on Chinese growth. Little wonder, perhaps, that Chinese stocks are so cheap. Reuters Image Acquire Licensing RightsBased on 12-month forward price/earnings multiples, U.S. stocks are twice as expensive as Chinese stocks. For the past 10 years Chinese stocks have been substantially cheaper than U.S. stocks, and most of the decade before that they were usually cheaper too.

Persons: Brendan McDermid, Goldman Sachs, Morgan Stanley, Torsten Slok, Janet Yellen, Lifeng, Colin Graham, Graham, Jamie McGeever, Andrea Ricci Organizations: New York Stock Exchange, REUTERS, Rights, Shanghai, CSI, Reuters, Apollo Global Management, U.S, Treasury, Thomson Locations: New York City, U.S, Rights ORLANDO , Florida, China, Mexico

Powell's remarks on Thursday that the fight to restore price stability "had a long way to go" at first roiled markets. "If we were to get a low CPI next week, yields can come down around that number and we may get some weakening in the dollar." MSCI's gauge of global equity performance (.MIWD00000PUS) gained 0.54%, while stocks on Wall Street surged 1% or more. U.S. Treasury yields rose sharply on Thursday after a very weak 30-year bond auction. U.S. crude rose $1.43 to settle at $77.17 a barrel, while Brent settled up $1.42 at $81.43 a barrel.

Persons: Kim Kyung, Jerome Powell, Michael James, Thierry Wizman, Wizman, Mullarkey, Tapas Strickland, Brent, Nell Mackenzie, Dhara Ranasignhe, Tomasz Janowski, Richard Chang Organizations: Tokyo Stock Exchange, REUTERS, Wall, Federal, Wedbush Securities, Fed, FX, Dow Jones, Nasdaq, U.S, Treasury, SLC Management, Reuters, NAB, New, Thomson Locations: Tokyo, Japan, Los Angeles, Macquarie, New York, Europe, Boston, China, Beijing, New Zealand, London

"If we were to get a low CPI next week, yields can come down around that number and we may get some weakening in the dollar," Wizman said. The two-year Treasury yield, which reflects interest rate expectations, fell 0.2 basis points to 5.020%, while the benchmark 10-year yield was down 3.2 basis points at 4.598%. Traders would be keeping a close watch on interest rate volatility, said Schneller, noting major market fluctuations recently. "A primary cause for this volatility is the debate over whether the current Fed funds rate is overly high or insufficient." In currency markets, the dollar index rose 0.019% to 105.91, with the euro up 0.04% to $1.067.

Persons: Kim Kyung, Powell, Jerome Powell, Thierry Wizman, Wizman, Powell's, Bruno Schneller, Schneller, Tapas Strickland, Brent, Nell Mackenzie, Dhara Ranasignhe, Tomasz Janowski, Richard Chang Organizations: Tokyo Stock Exchange, REUTERS, Global, International Monetary Fund, Fed, FX, Dow Jones, Nasdaq, Treasury, INVICO Asset Management, Reuters Graphics U.S, NAB, New, Thomson Locations: Tokyo, Japan, Macquarie, New York, China, Beijing, New Zealand, London

☆ Level up your ad creative with the help of award-winning brands on TikTok
▼ + stars: | 2023-11-10 | by ( Sponsor Post | Created Tiktok For Business With Insider Studios | ) www.businessinsider.com time to read: +9 min

The TikTok Ad Awards are back in full force for 2023, with brands and agencies across Europe being recognised for amazingly creative, high-performing campaigns. Lidl harnessed this power to launch its brand on TikTok, drive new followers and foster brand love in the process. The content positioned Ford as a brand that understands the TikTok platform, interacts with the community, and responds quickly as well as entertainingly to viral moments. For more tips, explore their Creative Center or check out their Creative Codebook. If you'd like to learn more about TikTok and the TikTok Ad Awards, sign up for their newsletter.

Persons: TikTok, Lidl, Leo Burnett, Fiat, Gabriele Vagnato, MASPEX, @Foxx.gotuje, Ford, @officieldace, Read Organizations: Creative, Fiat Stellantis, Fiat, Cloetta Suomi, Bängeri, SPACE CAT, Creative Spain Samsung, BE, Samsung, Deutschland, Ford, BNP, Creative Center, Center, Business, Insider Studios Locations: Europe, Germany, France, Italy, Spain, Poland, Creative Spain

China inflation data released on Thursday showed that October CPI fell 0.2% year on year, while PPI data fell 2.6% year on year. Earlier this week, customs data showed that China's total exports of goods and services contracted faster than expected, although the country's crude imports in October were robust. On the plus side for oil demand, China's central bank governor, Pan Gongsheng, said the country is expected to achieve its annual growth target of 5% for this year. U.S. crude oil inventories increased by 11.9 million barrels over the week to Nov. 3, sources said, citing American Petroleum Institute figures. The U.S. Energy Information Administration (EIA), however, has delayed release of weekly oil inventory data until Nov. 15 for a system upgrade.

Persons: Dun Jiao, Tatiana Meel, Brent, Pan Gongsheng, Andrew Hayley, Tom Hogue Organizations: REUTERS, Rights, PPI, Reuters, American Petroleum Institute, U.S . Energy Information Administration, Barclays, Thomson Locations: Nakhodka, Russia, Rights BEIJING, China, United States, Venezuela, American

☆ A modern etiquette guide for group chats
▼ + stars: | 2023-11-09 | by ( Michael Venutolo-Mantovani | ) www.businessinsider.com time to read: +14 min

A recent poll of 1,005 US adults found the average American spends 26 minutes a day reading and responding to group chats. For us to survive and thrive as humans, it's time to agree on the Definitive Etiquette of the Group Chat. The ultimate appeal of group chats — their necessity, really — is that they've become the only social media that's actually social. Group chats can become overwhelming, of course, especially as they creep into other apps and especially as they often duplicate participants. Don't talk about the group chat outside the group chat.

Persons: who's, Sam Bankman, Fried, siphoning, Emily Post, they've, Mark Zuckerberg, Twitter, Hua Hsu, e Organizations: Bank, Democratic, Street, Wall, Mets, New York Giants, Facebook, Adidas, Nazi, Yorker Locations: Bankman, Silicon, Indonesia, American, Business, Politics, Netherlands, Rome, Tucson, le

☆ Opinion: The Republican debater with only one gear – ‘D’ for ‘dislikeable!’
▼ + stars: | 2023-11-09 | by ( Opinion Todd Graham | ) edition.cnn.com time to read: +9 min

CNN —Whether it was due to a less crowded debate stage or the experienced bench of moderators, the third Republican presidential debate held in Miami on Wednesday night was easily the smoothest debate yet. Usually, his moments of brilliance are –— as Senator Tim Scott would probably understand — sandwich-boarded by acts of self-flagellation. He was flat-out great in justifying our support of Ukraine, a debate Christie can win against anyone. As the resident expert of ‘letting little things get to me,’ I understand Haley’s Mr. Hyde. I wrote after the last debate that Haley makes poor decisions when something (or someone) gets under her skin.

Persons: Todd Graham, he’s, Chris Christie Mandel Ngan, Chris Christie, Christie, —, Tim Scott, Donald Trump, policymaking, Nikki Haley Mandel Ngan, Nikki Haley, Haley’s Dr, Jekyll, I’ve, Haley, Hyde, ’, Haley rehashes, Vivek Ramaswamy, Haley doesn’t, she’s, Ramaswamy, ”, “, Ron DeSantis Joe Raedle, Ron DeSantis, DeSantis, Hugh Hewitt, ” Lawless, Hewitt, Tim Scott Mandel Ngan, Mike Johnson’s, Scott, It’s, valueless, it’s, Vivek Ramaswamy Mandel Ngan, Vivek Ramaswamy’s, I’ll, Haley’s, Jill Biden Organizations: Southern Illinois University, Facebook, Twitter, CNN, Getty, New, MAGA, NBC, South, “ Locations: Miami, AFP, New Jersey, Ukraine, China, Florida, Mexico, South Carolina, United States

☆ European markets tick lower as sentiment turns negative
▼ + stars: | 2023-11-09 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets edged lower at the open on Thursday as momentum in markets declined. The pan-European Stoxx 600 was 0.07% in the red shortly after the open. In the United States, S&P 500 futures were also lower after a session in which the broad-market index added to its longest winning streak since November 2021. Investors will be keeping an eye out for data on U.S. jobless claims on Thursday, as well as remarks from a slate of Federal Reserve officials, including chair Jerome Powell. Most Asia-Pacific markets edged higher overnight, with data from China showing consumer prices shrank faster than expected in October.

Persons: Jerome Powell Organizations: Federal Reserve Locations: United States, Asia, Pacific, China

☆ Peru Pan Am medallist rejects hometown award after being 'denied support'
▼ + stars: | 2023-11-09 | by ( Angelica Medina | ) www.reuters.com time to read: +2 min

However, after receiving a diploma and medal at the event, Gutierrez hit out at Mayor Raul Pena before leaving the awards on the floor. After the video went viral, Gutierrez received public praise and a crowdfunding campaign was organised to provide support. "It wasn't my intention for the video to go viral, and I don't need that much money," Gutierrez told Reuters on Wednesday. Gutierrez's bronze was Peru's first medal in canoeing at the Pan Am Games. The country won a total of 32 medals in Chile, including 10 gold, six silvers and 16 bronze medals.

Persons: Peru's Eriberto Gutierrez Robles, Ivan Alvarado, Canoeist Eriberto Gutierrez, Gutierrez, Mayor Raul Pena, " Gutierrez, Peru's, Angelica Medina, Peter Rutherford Organizations: Pan Am, Games, Mayor, Facebook, Reuters, Pan Am Games, Thomson Locations: Los Andes, Chile, Peru, Santiago, Abancay, Mexico City

☆ SoftBank has lost more than $14 billion by betting on WeWork
▼ + stars: | 2023-11-09 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

Tech conglomerate and investor SoftBank has lost $14.4 billion so far on WeWork. SoftBank was one of WeWork's most bullish backers, predicting it would be worth $100 billion. AdvertisementAdvertisementSoftBank has lost a cumulative $14.4 billion through its disastrous bet on the now-bankrupt WeWork , per the group's July-September earnings. SoftBank overall posted a loss of $6.2 billion (¥931.1 billion) for July to September, compared a profit of $20 billion the same period last year. AdvertisementAdvertisementFuelled with conviction from SoftBank founder Masayoshi Son and billions in investment, WeWork sailed to a colossal $47 billion valuation at its peak in 2019.

Persons: SoftBank, —, Masayoshi Son, WeWork, Adam Neumann, Neumann, Son, Jack Ma, Alibaba . Son Organizations: Service, WeWork, Alibaba, Visual China, Getty Locations: Alibaba .

☆ Global asset managers bullish on China after policy shift
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsHONG KONG, Nov 8 (Reuters) - Economic policy shift in China and the investment opportunities it is creating are drivers for long-term bets in the country by global asset managers, top executives said on Wednesday. "China is the world's second-largest capital market" after the U.S., the head of BlackRock's (BLK.N) global client business, Mark Wiedman, said at the Global Financial Leaders Investment Summit in Hong Kong. "Long term, (China) has to be part of a global investment portfolio." At the Hong Kong event, hosted by the Hong Kong Monetary Authority, Fidelity International CEO Anne Richards said China was a key part of the global economy and that fact will not change soon. Quinn told the Hong Kong event on Tuesday that wealth flow from mainland China to Hong Kong has grown by 3 to 4 times this year.

Persons: Dado Ruvic, Mark Wiedman, Wiedman, Mike Gitlin, Gitlin, Pan Gongsheng, Anne Richards, Andrew Schlossberg, Noel Quinn, Quinn, Zhang Qingsong, Kane Wu, Xie Yu, Sumeet Chatterjee, Christopher Cushing Organizations: REUTERS, Global Financial, Investment, Capital, People's Bank of China, Securities Times, Hong Kong Monetary Authority, Fidelity International, HSBC Group, Thomson Locations: HONG KONG, China, U.S, Hong Kong, Singapore

☆ China expected to achieve 2023 GDP growth target -c.bank governor
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

People's Bank of China (PBOC) Vice Governor Pan Gongsheng speaks at a news conference in Beijing, China March 3, 2023. FollowBEIJING, Nov 8 (Reuters) - China is expected to achieve its annual gross domestic product growth target of 5% this year and will maintain prudent monetary policy to revive real economic growth, the central bank governor was quoted saying by state media on Wednesday. Beijing has set an economic growth target of around 5% for this year. China is scrambling to revive growth after a brief post-COVID-19 bounce faltered amid a protracted property market slump and local government debt risks. Economic indicators released on Tuesday showed imports unexpectedly swung to growth in October while exports contracted at a quicker pace.

Persons: Pan Gongsheng, Florence, Pan, Liangping Gao, Ellen Zhang, Ryan Woo, Tom Hogue, Sam Holmes Organizations: People's Bank of China, REUTERS, Rights Companies Shenzhen Securities Times Co, Securities Times, Thomson Locations: People's, Beijing, China, BEIJING, Pan

Thanksgiving is the peak day for home cooking fires, with more than three times the daily average of incidents. Thanksgiving is the most fire-prone day of the year and the peak day for home cooking fires, according to the National Fire Protection Association. There are more home fires on Thanksgiving than any other day of the year, with more than three times the daily average. Unattended cooking was by far the leading contributing factor in cooking fires and fire deaths. Thanksgiving fire safety tips:The NFPA shares the following tips to reduce the chances of a fire over the Thanksgiving holiday:1.

Persons: —, you'll Organizations: Service, National Fire Protection, NFPA Locations: Turkey

Nov 9 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Producer and consumer price inflation figures will be released, the highlights of a regional calendar that also includes Japanese bank lending, trade and current account figures, Indonesian retail sales, and Philippines GDP. Global yields are moving too - the 10-year Japanese Government Bond yield is back below 0.85%, having come within two basis points of 1% last week. The decline in U.S. bond yields is removing some of the dollar's shine, which in turn is allowing Asian currencies to fight back. Yen traders on Thursday are also eyeing Japanese bank lending figures for October and September's trade and current account report.

Persons: Jamie McGeever, Pan Gongsheng, Ping, Fed's Powell, Josie Kao Organizations: Treasury, People's Bank of China, Financial, Ping An Insurance Group, Reuters, Nissan, Honda, Sony, Group, China PPI, CPI, Thomson Locations: Asia, Philippines, Beijing, China's, Japan, Philippine, China

☆ Two demonstrators killed amid anti-mining protests in Panama
▼ + stars: | 2023-11-08 | by ( Patrick Oppmann | ) edition.cnn.com time to read: +5 min

CNN —Anti-mining protests that have roiled Panama for the last two weeks turned deadly on Tuesday when a man allegedly shot and killed two demonstrators, according to police. For weeks, tens of thousands of protestors have vented their fury at a controversial mining contract given to Minera Panama, the local subsidiary of a Canadian mining company, to extract copper, a key component in electric car batteries. Teachers march to protest the deaths of two people during a demonstration against the government's contract with Canadian mining company First Quantum and its subsidiary Minera Panama in Panama City on November 8, 2023. Roberto Cisneros/AFP/Getty ImagesA march against the government contract with Canadian mining company First Quantum and its subsidiary Minera Panama in Panama City on November 3, 2023. In 2017, Panama’s Supreme Court declared another contract to operate the copper mine as unconstitutional, forcing the mining company and government to renegotiate the deal.

Persons: Manuel Noriega, Roberto Cisneros, Panamanians, Martita Cornejo, Panama John Feeley, ”, Weeks, Laurentino Cortizo, “, ” Cortizo Organizations: CNN, Twitter, Pan, Panama’s National Police, Central, Minerals, Minera, AFP, Getty, ”, Panama’s Locations: Panama, Central American, Canadian, Minera Panama, Panama City, Panamanian, Colombia, Panamanian State

☆ Orban’s Dream of an Illiberal Pan-European Alliance Is Fading
▼ + stars: | 2023-11-08 | by ( Andrew Higgins | More About Andrew Higgins | ) www.nytimes.com time to read: 1 min

Exultant after winning his fourth election in a row last year on promises to protect Christian values and keep out immigrants, Prime Minister Viktor Orban of Hungary thanked like-minded conservatives in Poland as well as other “friends” abroad for their support. Europe was turning his way, he rejoiced. Hungary “is not the past,” he said, but “our common European future.”But Mr. Orban’s hopes of leading a pan-European movement — one that is deeply illiberal and infused with nationalism — are fading, deflated by the poor performance at the polls by some of his most fervent admirers in Europe and deep divisions over the war in Ukraine. Most crucially, Poland’s governing Law and Justice party — a longtime partner of Mr. Orban’s Fidesz party in its battles with the European Union over minority rights, migrants, the rule of law and other issues— lost a general election last month.

Persons: Exultant, Viktor Orban, Hungary “, ”, Orban’s, — Organizations: Orban’s Fidesz, European Union Locations: Poland, Europe, Hungary, Ukraine

Timing is everything," said political scientist Antonio Costa Pinto. By law, an election needs to be held within 60 days of the publishing of the presidential decree dissolving parliament. The PSD is still reeling from defeat in a January 2022 election that caused a leadership change. The 74-year-old former law lecturer and political commentator has used his constitutional power to disband parliament once before, in November 2021. Unlike now, Costa's government then had no parliamentary majority and had just had its budget rejected.

Persons: Marcelo Rebelo de Sousa, Antonio Costa, illegalities, Costa, Antonio Costa Pinto, Ines de Sousa Real, Rebelo de Sousa, Antonio Barroso, Luis Montenegro, Pedro Nuno Santos, Andre Ventura, Patricia Rua, Aislinn Laing, Nick Macfie Organizations: Socialist, Socialist Party, Nature, Social Democratic Party, TAP, Thomson Locations: LISBON, Portuguese, Montenegro

[1/2] FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. MSCI's gauge of global stock performance (.MIWD00000PUS) shed 0.05%, while the pan-European STOXX 600 index (.STOXX) lost 0.06%. Against a basket of currencies, the dollar index rose 0.332% to 105.61, with the euro down 0.31% to $1.0682. Treasury yields slid, having unwound some of their rally last week after the Fed left rates unchanged following a policy meeting. The two-year's yield, which reflects interest rate expectations, fell 1.3 basis points to 4.928%, while the 10-year slipped 7.5 basis points at 4.587%.

Persons: Toby Melville, Jerome Powell, Neel Kashkari, Austan Goolsbee, Rick Meckler, we've, Michael Hewson, Brent, Tom Wilson, Tom Westbrook, Ankur Banerjee, Lincoln, Kim Coghill, Christina Fincher, Jonathan Oatis Organizations: London Stock Exchange Group, City of, REUTERS, NEW, Federal Reserve, Minneapolis, Chicago, Cherry Lane Investments, Dow Jones, Nasdaq, Reserve Bank of Australia, Treasury, Fed, CMC, Thomson Locations: City, City of London, Britain, China, Saudi Arabia, Russia, Europe, U.S, New Vernon , New Jersey, Asia, Pacific, Japan, London, Singapore

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