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Emirates airliners are seen on the tarmac in a general view of Dubai International Airport in Dubai, United Arab Emirates January 13, 2021. He told reporters Emirates would be prepared to order between 35 and 50 of the jets if Rolls-Royce improved both the durability and maintenance costs. Reuters reported on Monday that an order from Emirates for the largest version of the A350 appeared to be on hold over terms of engine guarantees with Rolls-Royce. With plans for an Emirates A350 order off the table for now, Airbus also saw a second major order from Turkish Airlines (THY) (THYAO.IS) slip off the show's agenda, industry sources said. Airbus said on Monday it had reached agreement "in principle" on a significant THY order.

Persons: Abdel Hadi Ramahi, Royce, Tim Clark, Christian Scherer, Trent XWB, Tim Hepher, Alexander Cornwell, Tom Hogue, Jason Neely Organizations: Emirates, Dubai International, United Arab Emirates, Rights, Airbus, Dubai, Boeing 777X, Royce, Reuters, GE, Boeing, Turkish Airlines, Thomson Locations: Dubai, United Arab, Rights DUBAI, Emirates, Egyptair, East, India

☆ BOJ looks to corp profits, household incomes to boost wages, prices
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

Japanese national flag is hoisted atop the headquarters of Bank of Japan in Tokyo, Japan September 20, 2023. REUTERS/Issei Kato/File Photo Acquire Licensing RightsTOKYO, Nov 14 (Reuters) - The Bank of Japan (BOJ) will aim to create conditions for raising prices and lifting wages through increases in corporate profits and household incomes instead of cost-push inflation, its deputy governor Shinichi Uchida said on Tuesday. "The BOJ will continue to support economic activity and strive to create an environment wherein it's easy to raise wages," he said during a debate at the parliament's upper house committee on financial affairs. Even with upward pressure on long-term interest rates, the BOJ does not believe the 10-year yield will significantly exceed 1%, said Kazuhiro Masaki, director-general of the central bank's monetary affairs department. Reporting by Satoshi Sugiyama; Editing by Tom Hogue & Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Issei Kato, Shinichi Uchida, Kazuhiro Masaki, Satoshi Sugiyama, Tom Hogue Organizations: Bank of Japan, REUTERS, Rights, Thomson Locations: Tokyo, Japan

☆ Japan's Kioxia reports Q2 loss, says prices have bottomed out
▼ + stars: | 2023-11-14 | by ( Sam Nussey | ) www.reuters.com time to read: +2 min

The result at Bain Capital-backed Kioxia, formerly Toshiba Memory, compares with a loss of 130.8 billion yen three months earlier. Merger talks between Kioxia and Western Digital (WDC.O) have stalled, Reuters reported previously, after Kioxia investor SK Hynix (000660.KS) said it did not back the deal. Selling prices have bottomed out, Kioxia said, pointing to expected higher shipments of smartphones and PCs next year. Revenue fell quarter-on-quarter with Kioxia saying the smaller loss was because of higher average selling prices with a boost from the weaker yen. Separately, Toshiba (6502.T), which holds a stake in Kioxia after selling its chip unit to the Bain-led consortium in 2018, posted a 26.7 billion yen net loss in the second quarter.

Persons: Kioxia, Bain, Sam Nussey, Tom Hogue Organizations: Taipei, REUTERS, Rights, Bain Capital, Toshiba, Western, Reuters, SK Hynix, Samsung Electronics, Revenue, Japan Industrial Partners, Thomson Locations: Taipei, Taiwan, Kioxia, KS

☆ China weighs ending freeze on Boeing purchases with 737 Max deal in US -Bloomberg News
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

U.S. Secretary of Commerce Gina Raimondo attends a press conference at the Boeing Shanghai Aviation Services near the Shanghai Pudong International Airport, in Shanghai, China August 30, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsNov 12 (Reuters) - China is considering resuming purchases of Boeing's (BA.N) 737 Max aircraft when the U.S. and Chinese presidents meet this week at the APEC summit, Bloomberg News reported on Sunday, citing people familiar with the matter. Boeing is still waiting to resume deliveries of its bestselling 737 MAX to Chinese airlines more than four years after they were halted following two deadly crashes. The company had said that as of the end of June, about 90% of its 737 Max jets in China had resumed commercial operations. Boeing in September slightly increased its annual 20-year forecast for new plane deliveries to China, citing economic growth and increasing demand for domestic travel.

Persons: Gina Raimondo, Aly, Xi Jinping, planemaker, Gokul, Tom Hogue, Gerry Doyle Organizations: Boeing Shanghai Aviation Services, Shanghai Pudong International Airport, REUTERS, Max, APEC, Bloomberg, Boeing, Reuters, U.S, Thomson Locations: Shanghai Pudong, Shanghai, China, U.S, Beijing, Washington, Bengaluru

☆ Australia to apologise half a century after 'Thalidomide tragedy'
▼ + stars: | 2023-11-13 | by ( Renju Jose | ) www.reuters.com time to read: +2 min

Thalidomide was the active ingredient in a sedative widely distributed to many mothers in Australia and around the world in the early 1960s. "The thalidomide tragedy is a dark chapter in the history of our nation and the world," Albanese said in a statement. An Australian woman, who was born without arms and legs after her mother took Thalidomide, in 2012 won a multi-million dollar settlement from Diageo Plc, the local distributor. In 2010, Diageo agreed to make an A$50 million ($32 million) payment to 45 victims in Australia and New Zealand. There are 146 Thalidomide survivors registered with the government, though the exact number of affected is unknown.

Persons: Anthony Albanese, Joe Biden, Leah Millis, Thalidomide, " Albanese, Gruenenthal, Albanese, Renju Jose, Tom Hogue, Gerry Doyle Organizations: Australia’s, U.S, White, REUTERS, Rights, U.S . Food, Drug Administration, British, Diageo Plc, Diageo, New Zealand, Thomson Locations: Washington , U.S, Australia, U.S, United States, Australian, New, Sydney

☆ Greek state bank bailout fund sells 9% of Alpha bank to Unicredit
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +1 min

ATHENS, Nov 13 (Reuters) - Greece's state-controlled bank bailout fund HFSF said on Monday it sold its 9% stake in Alpha Bank (ACBr.AT) to UniCredit after an improved bid by the Italian bank. UniCredit (CRDI.MI) announced last month it would become Alpha Bank's biggest investor by buying a 9% stake owned by Greece's HFSF and also agreed to acquire most of Alpha's Romanian business. Greece has been attracting significant investment as its economy strengthened after the crisis, prompting S&P Global to upgrade the country to investment grade in October. HFSF sold last month its 1.4% stake in Eurobank and is expected to proceed with the sale of about 20% of National Bank in next coming days. Reporting by Lefteris Papadimas; Editing by Tom Hogue and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: HFSF, Greece's HFSF, UniCredit, Lefteris Papadimas, Tom Hogue, Stephen Coates Organizations: Alpha Bank, Alpha, Athens Stock Exchange, Global, National Bank, Thomson Locations: ATHENS, Italian, Romanian, Greece, Eurobank

☆ China drafts measures for how accounting firms should manage data
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: 1 min

A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. REUTERS/Kacper Pempel/Illustration/ Acquire Licensing RightsBEIJING, Nov 13 (Reuters) - China finance ministry issued draft measures for how accounting firms in the country should manage data, the ministry said in a statement released last week. The draft rules said the chief partner is the person responsible for the data security of the firm. It also requires a cyberspace security review if these firms handle data that could impact national security. Reporting by Albee Zhang and Brenda Goh; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: Kacper, Albee Zhang, Brenda Goh, Tom Hogue Organizations: REUTERS, Rights, Thomson Locations: Rights BEIJING, China

☆ Asia stocks slide as Powell comments quell rate peak bets
▼ + stars: | 2023-11-10 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

The sombre mood is set to continue as Europe wakes up, with futures indicating a steeply lower open. Eurostoxx 50 futures were down 0.73%, German DAX futures dropped 0.66% and FTSE futures were 0.78% lower. The Fed is "committed to ... monetary policy that is sufficiently restrictive to bring inflation down to 2% over time," Powell said at an International Monetary Fund event. U.S. rate futures have priced in about 60% chance of a rate cut at the Fed's June 2024 meeting, according to the CME's FedWatch tool, compared to odds of about 70% before Powell's speech. The oil market has been reeling this week on demand concerns, with a fading war-risk premium triggering a sell-off.

Persons: Kim Kyung, Powell, Jerome Powell, DAX, Rob Carnell, Powell's, ING's Carnell, there's, Hong, Tapas Strickland, Brent, Ankur Banerjee, Tom Hogue Organizations: Tokyo Stock Exchange, REUTERS, Fed, . Federal, International Monetary Fund, ING, Investors, Reuters, Nasdaq, NAB, New, Thomson Locations: Tokyo, Japan, EUROPE, SINGAPORE, U.S, Asia, Pacific, Europe, Beijing, New Zealand, Singapore

'Cop28 UAE' logo is displayed on the screen during the opening ceremony of Abu Dhabi Sustainability Week (ADSW) under the theme of 'United on Climate Action Toward COP28', in Abu Dhabi, UAE, January 16, 2023. REUTERS/Rula Rouhana/File Photo Acquire Licensing RightsWASHINGTON/BRUSSELS, Nov 9 (Reuters) - More than 60 countries have said they back a deal spearheaded by the European Union, United States and United Arab Emirates to triple renewable energy this decade and shift away from coal, two officials familiar with the matter told Reuters on Thursday. Some major emerging economies like Nigeria, South Africa and Vietnam, developed countries like Australia, Japan and Canada, and others including Peru, Chile, Zambia and Barbados have said they will join the pledge, the officials told Reuters. One of the officials told Reuters negotiations with China and India to join the pledge are "quite advanced," although neither has yet agreed to join. Reporting by Valerie Volcovici and Kate Abnett; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: Rula, Valerie Volcovici, Kate Abnett, Tom Hogue Organizations: Abu Dhabi Sustainability, REUTERS, European Union, United, United Arab Emirates, Reuters, EU, Thomson Locations: UAE, Abu Dhabi, WASHINGTON, BRUSSELS, United States, United Arab, Dubai, Nigeria, South Africa, Vietnam, Australia, Japan, Canada, Peru, Chile, Zambia, Barbados, China, India

☆ Asian stocks slide as hawkish Powell comments weigh
▼ + stars: | 2023-11-10 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

A man works at the Tokyo Stock Exchange after market opens in Tokyo, Japan October 2, 2020. U.S. Federal Reserve officials including Powell said on Thursday they are still not sure interest rates are high enough to finish the battle with inflation. The yield on 10-year Treasury notes eased 1 basis point to 4.620% in Asian hours, having risen 10.7 bps overnight. In the currency market, the dollar index held on to its overnight gains and was last at 105.87. The oil market has been reeling this week on demand concerns, with a fading war-risk premium triggering a sell-off.

Persons: Kim Kyung, Jerome Powell, Powell, Rob Carnell, Carnell, there's, Hong, Tapas Strickland, Brent, Ankur Banerjee, Tom Hogue Organizations: Tokyo Stock Exchange, REUTERS, Rights, Fed, Japan's Nikkei, . Federal, International Monetary Fund, ING, Investors, Nasdaq, NAB, Treasury, New, Thomson Locations: Tokyo, Japan, Rights SINGAPORE, U.S, Asia, Pacific, China, Beijing, New Zealand, Singapore

☆ Pacific Islands leaders confirm former Nauru president as next top official
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +2 min

Nauru President Baron Divavesi Waqa addresses the 73rd session of the United Nations General Assembly at U.N. headquarters in New York, U.S., September 26, 2018. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsSYDNEY, Nov 10 (Reuters) - The Pacific Islands Forum confirmed the selection of former Nauru President Baron Waqa as the 18-member bloc's next top official at a meeting on Friday in the Cook Islands. Current Nauru President David Adeang had abruptly left the annual leaders meeting a day earlier after objections were raised by at least one Pacific Islands leader over Waqa's nomination. Adeang did not travel with the other leaders to the island of Aitutaki, where meetings resumed on Friday. "I inherited a fractured Pacific forum.

Persons: Baron Divavesi Waqa, Eduardo Munoz, Baron Waqa, bloc's, David Adeang, Adeang, Waqa, Sitiveni Rabuka, Henry Puna, Kirsty Needham, Tom Hogue Organizations: United Nations General Assembly, REUTERS, Rights, Pacific Islands Forum, Nauru, Fiji, Thomson Locations: Nauru, U.N, New York, U.S, Cook, Aitutaki, Taiwan, China, Micronesia, Polynesia, Melanesia

John Kerry, U.S. Special Presidential Envoy for Climate speaks during an earlier interview with Reuters, in Abu Dhabi, United Arab Emirates, on October 31, 2023. REUTERS/Abdel Hadi Ramahi/File Photo Acquire Licensing RightsSINGAPORE, Nov 10 (Reuters) - The United States and China have reached "understandings and agreements" on climate issues that will help ensure progress is made at the COP28 talks starting late this month in Dubai, U.S. climate envoy John Kerry said on Friday. China envoy Xie told diplomats in September that phasing out fossil fuels was "unrealistic" while key technologies like energy storage remained immature. China now has 360 gigawatts of coal-fired power capacity in its project construction pipeline, he said, but "they're trying very hard to move away." Right now, "it is irresponsible to be funding a coal-fired power plant anywhere in the world," he said.

Persons: John Kerry, Abdel Hadi Ramahi, Kerry, Xie Zhenhua, Xie, David Stanway, Tom Hogue Organizations: Reuters, United, REUTERS, Rights, Bloomberg, Economy, Thomson Locations: Abu Dhabi, United Arab Emirates, Rights SINGAPORE, United States, China, Dubai , U.S, Sunnylands , California, Singapore, COP28

☆ Asian shares rise as S&P 500 records longest win streak in two years
▼ + stars: | 2023-11-09 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was flat, although up 4.6% so far this month. The dollar index , which tracks the greenback against a basket of currencies of other major trading partners, was down slightly at 105.52. On Wall Street, the S&P 500 (.SPX) rose 0.10% and the Nasdaq Composite (.IXIC) added 0.08%. The S&P 500 rose for the eighth consecutive day, extending its longest win streak in two years. In Asia on Thursday, U.S. crude and Brent crude both rose 0.8% following the weak performance in the U.S. session.

Persons: Kim Kyung, Ping, Brent, Gold, Scott Murdoch, Tom Hogue Organizations: Nikkei, REUTERS, Rights, CPI, ANZ, Reuters, Ping An Insurance Group, Garden Holdings, HK, Ping An, U.S, U.S . Federal, Nasdaq, Dow Jones, Federal Reserve, Thomson Locations: Tokyo, Japan, Asia, Pacific, U.S, U.S ., China

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

For the first time, Indonesia accounted for more than 50% of global thermal coal exports during the January to October window, data from Kpler shows, indicating its success in wresting share from rival exporters. Indonesia coal exports by destinationIndia was the second largest buyer of Indonesian coal, grabbing a roughly 20% share of the total (82 million tons). Indonesia vs Australia thermal coal pricesThat compares to an average $184 per ton for the roughly 6,200 kcal/kg coal shipped from Newcastle in Australia. Indonesia coal export price vs Indonesia coal exports to ChinaThe price to ship a ton of coal from Indonesia to China is currently around $8-$10, compared to $14-$15 a ton for the Australia to China voyage, according to Shanghai Shipping Exchange data. And that means Indonesia's full-year coal exports will smash previous records for 2023 as a whole.

Persons: Gavin Maguire, Tom Hogue Organizations: Russia, TOP, China, Australia, Indonesia, Shanghai Shipping Exchange, Reuters, Thomson Locations: Cilegon, West Java, Indonesia, LITTLETON , Colorado, South Africa, Colombia, United States, Hong Kong, India, Philippines, Japan, South Korea, Taiwan, China, Australia, LSEG, Newcastle, Mozambique, Russia, Indonesian, Asia

☆ SoftBank books $5.2 bln quarterly loss as investments and weak yen bite
▼ + stars: | 2023-11-09 | by ( Anton Bridge | ) www.reuters.com time to read: +2 min

The results underscore the volatility and risk inherent in founder Masayoshi Son's strategy of betting big on often risky start-ups. The Japanese conglomerate said it was squeezed by weakness in the yen that drove up costs on its dollar-denominated debt. SoftBank reported a 789 billion yen ($5.2 billion) net loss for the three months to end-September, compared with a 3.01 trillion yen profit a year earlier when it sold down a large portion of its stake in Chinese e-commerce giant Alibaba (9988.HK). Its Vision Fund investment unit, meanwhile, booked an investment profit of 21.4 billion yen in the latest quarter, after posting a 160 billion yen profit three months earlier. SoftBank said it exchanged unsecured WeWork notes into shares and convertible bonds and reflected a 21.6 billion yen loss from the transaction in the first half.

Persons: Thomas Peter, Masayoshi, SoftBank, Anton Bridge, Miyoung Kim, David Dolan, Tom Hogue Organizations: REUTERS, Rights, SoftBank, HK, Vision Fund, Thomson Locations: Tokyo, WeWork

☆ 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

☆ Japan's Fuji Soft to launch tender offer for 4 listed subsidiaries -Bloomberg News
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

TOKYO, Nov 8 (Reuters) - Software developer Fuji Soft (9749.T) is planning to announce a tender offer on Wednesday for four listed subsidiaries in Japan, Bloomberg News reported, citing people familiar with the matter. Trading was halted in Tokyo for the subsidiaries Vinx (3784.T), Cyber Com (3852.T), Cybernet Systems (4312.T) and Fuji Soft Service Bureau (6188.T). Fuji Soft holds a more than 50% stake in the companies, according to LSEG data. Fuji Soft was the subject of a proxy battle last year, when Singapore-based investment hedge fund 3D Investment Partners got two of its nominees on the Japanese company's board. Reporting by Rocky Swift; Editing by Tom Hogue and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Rocky Swift, Tom Hogue, Jamie Freed Organizations: Software, Fuji, Bloomberg News, Cybernet Systems, Fuji Soft Service Bureau, Investment Partners, Thomson Locations: TOKYO, Japan, Tokyo, Singapore

[1/8] Japan's Prime Minister Fumio Kishida and U.S. Secretary of State Antony Blinken shake hands at the prime minister's official residence Tuesday, Nov. 7, 2023, in Tokyo, Japan. "Our commitment to continue strict sanctions against Russia and strong support for Ukraine has not wavered at all, even as the situation in the Middle East intensifies," Japan's foreign minister Yoko Kamikawa told a press conference. The G7 is due to hold an online meeting with Ukraine's Foreign Minister Dmytro Kuleba on Wednesday. Since the war erupted, the G7 has issued just one joint statement on the conflict, amounting to a few sentences. G7 foreign ministers are preparing "some sort of statement" to be issued following the Tokyo talks, Kamikawa said declining to comment on its contents.

Persons: Fumio Kishida, Antony Blinken, Eugene Hoshiko, Yoko Kamikawa, Kamikawa, Dmytro Kuleba, Volodymyr Zelenskiy, Minoru Kihara, Blinken, Sakura Murakami, Tim Kelly, John Geddie, Tom Hogue, Raju Gopalakrishnan Organizations: Japan's, REUTERS Acquire, Rights, Ukraine, Kyiv, The, European Union, Russia, Ukraine's Foreign, Mitsui & Co, Health, Japanese, British, United Nations, Thomson Locations: Tokyo, Japan, Russia, Britain, Canada, France, Germany, Italy, United States, Ukraine, Israel, Gaza, U.S, Moscow, Hiroshima, May, ISRAEL, GAZA, Iran

☆ Banking chiefs say market vulnerable to 'geopolitical escalation', regulatory push
▼ + stars: | 2023-11-07 | by ( Selena Li | ) www.reuters.com time to read: +3 min

[1/3] UBS Chairman Colm Kelleher looks on during the Global Financial Leaders' Investment Summit, in Hong Kong, China November 7, 2023. REUTERS/Tyrone Siu Acquire Licensing RightsHONG KONG, Nov 7 (Reuters) - Top global banking chiefs on Tuesday said they are concerned the financial sector's next crisis may come from rising geopolitical uncertainty which could test financial market resiliency, while the industry remains vulnerable to regulatory tightening. The trigger for the next global financial crisis is likely to come from the geopolitical or political space, said Morgan Stanley (MS.N) Chairman and CEO James Gorman. Gorman was among more than a dozen top executives of international firms speaking at the Global Financial Leaders Investment Summit hosted by the Hong Kong Monetary Authority. REGULATION "WAY TOO FAR"The global banking bosses also took the stage of the Asia summit to voice their concerns in an unusually aggressive joint effort to push back on a set of stricter banking rules.

Persons: Colm Kelleher, Tyrone Siu, Morgan Stanley, MS.N, James Gorman, Gorman, " Gorman, Christian, Goldman Sachs, David Solomon, Solomon, Morgan Stanley's Gorman, Selena Li ， Kane Wu, Xie Yu, Scott Murdoch, Summer, Tom Hogue, Christopher Cushing, Lincoln Organizations: UBS, Global Financial, Investment, REUTERS, Tyrone, Investment Summit, Hong Kong Monetary Authority, Deutsche Bank, Christian Sewing, UBS Group, Thomson Locations: Hong Kong, China, HONG KONG, Israel, Gaza, Russia, Ukraine, Asia, U.S

☆ Russia says destroys 17 Ukraine-launched drones over Black Sea, Crimea
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

Governor of Sevastopol Mikhail Razvozhayev attends a ceremony marking 240th anniversary of Russia's Black Sea Fleet in Sevastopol, Crimea May 13, 2023. REUTERS/Alexey Pavlishak/File Photo Acquire Licensing RightsNov 7 (Reuters) - Russia's air defence systems destroyed and intercepted a total of 17 Ukraine-launched drones early on Tuesday over the Black Sea and the Crimean Peninsula territory, the Russian defence ministry said. Nine drones were destroyed by air defence systems and eight were intercepted by electronic warfare, the ministry said on the Telegram messaging app. Saky is home to a Russian air base. Reporting by Lidia Kelly in Melbourne; Editing by Tom Hogue, Christian Schmollinger and Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Sevastopol Mikhail Razvozhayev, Alexey Pavlishak, Mikhail Razvozhayev, Saky, Lidia Kelly, Tom Hogue, Christian Schmollinger, Raju Gopalakrishnan Organizations: REUTERS, Reuters, Thomson Locations: Sevastopol, Crimea, Ukraine, Crimean, Russian, Andriivka, Sevastopol's suburbs, Novofedorivka, Kyiv, Moscow, Melbourne

☆ South Korea Finance Chief Defends Short-Sell Ban Ahead of Elections
▼ + stars: | 2023-11-07 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +3 min

By Cynthia Kim and Jihoon LeeSEOUL (Reuters) - South Korea's finance minister defended the government's ban on short-selling of stocks, an announcement that comes ahead of general elections next year and has drawn criticism from market players who say the move could hurt the country's global credibility. The financial regulator on Sunday reimposed a full ban on short-selling until the end of June 2024 to create a "level playing field" for retail and institutional investors. "The move completely thwarted Korea's plans to convince MSCI that it deserves a spot in the developed market status. The number of retail stock trading accounts has roughly doubled since 2017 to about 14 million, with about one in every five Koreans having an account. South Korea's Financial Supervisory Service in October said it would likely fine two Hong Kong-based investment banks it determined had engaged in naked short-selling transactions worth 40 billion won ($29.58 million) and 16 billion won respectively.

Persons: Cynthia Kim, Jihoon Lee SEOUL, Choo, Korea's, we're, Cho Jun, kee, Jihoon Lee, Tom Hogue, Navaratnam Organizations: MSCI Inc, SK Securities, Financial, Service, Credit Suisse Locations: Philippines, Korea, South Korea, Portugal, Hong Kong

☆ China Appoints He Lifeng as Head of Office of the Central Financial Commission -Central Bank Publication
▼ + stars: | 2023-11-06 | by ( Nov. | At A.M. | ) www.usnews.com time to read: 1 min

BEIJING (Reuters) - China's economy tsar He Lifeng has been appointed as head of office of Central Financial Commission, according to a central bank publication Financial News report on Monday. He was also appointed as party chief of Central Financial Work Commission, according to the publication. The publication for the first time referred to He by the new titles in a readout of a meeting of the Central Financial Commission, without giving details on the appointments. (Reporting by Beijing Newsroom; Editing by Tom Hogue)

Persons: Lifeng, Tom Hogue Organizations: Central Financial Commission, Central Financial Work, Beijing Locations: BEIJING

☆ Bank of Japan members saw no need for new yield control tweaks, September minutes show
▼ + stars: | 2023-11-06 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +2 min

Japanese national flag is hoisted atop the headquarters of Bank of Japan in Tokyo, Japan September 20, 2023. REUTERS/Issei Kato/File Photo Acquire Licensing RightsTOKYO, Nov 6 (Reuters) - Most Bank of Japan board members saw no need for additional tweaks to yield curve control and agreed to continued monetary easing to meet inflation and wage growth objectives, minutes of its September meeting showed on Monday. Board members shared the view that long term interest rates were moving in line with its market operation policy following the central bank's decision in July to make yield control more flexible, the minutes from the September meeting said. At the September meeting, the BOJ turned positive about its view on price growth, although central bank board members remained cautious about policy tweaks, Muguruma added. Several members said abolishing a negative rate and yield control policy would have to be discussed together with any successful achievement of the BOJ's 2% inflation target.

Persons: Issei Kato, Naomi Muguruma, Mitsubishi UFJ, Mitsubishi UFJ Morgan Stanley, Tetsushi Kajimoto, Tom Hogue, Sam Holmes Organizations: Bank of Japan, REUTERS, Rights, Mitsubishi, Mitsubishi UFJ Morgan, Mitsubishi UFJ Morgan Stanley Securities, Thomson Locations: Tokyo, Japan

☆ China urges Myanmar to cooperate on maintaining stability on border
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Nov 6 (Reuters) - Myanmar should cooperate with China to maintain stability on their common border, a Chinese official said on Monday, after a surge of fighting in Myanmar between junta forces and insurgents rocked the region. "Myanmar is called on to cooperate with China to maintain stability along the China-Myanmar border, earnestly ensure the safety of the lives and property of Chinese border residents, and take effective measures to strengthen the security of Chinese personnel," Nong said. Nong, who visited Myanmar on Nov. 3-5, said China hoped Myanmar would restore stability, and it supported all parties to properly handle differences and achieve reconciliation through dialogue as soon as possible. While Western governments have condemned the Myanmar military and imposed sanctions on it, China, along with Russia, have been supportive of the generals. China says it supports Myanmar in finding its own path and has urged the international community to respect its sovereignty.

Persons: Nong, Nobel, Aung, Wang Wenbin, Ella Cao, Bernard Orr, Tom Hogue, Robert Birsel Organizations: Asia Times, Thomson Locations: BEIJING, Myanmar, China, Thailand, Suu Kyi, Russia

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