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☆ Typhoon Khanun lashes southern Japan, north braces for another storm
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +1 min

[1/4] Passersby walk in a heavy rain and wind caused by Typhoon Khanun in Kagoshima on Japan's third-largest island Kyushu, August 8, 2023, in this photo taken by Kyodo. Mandatory credit Kyodo via REUTERSTOKYO, Aug 9 (Reuters) - Heavy rain from Typhoon Khanun pounded southern Japan on Wednesday as another storm approached from the east to possibly threaten Tokyo just as thousands of people prepare to travel during the peak summer holiday season. The JMA issued heavy rain and high wind warnings to many parts of southern and western Japan. Railway operator West Japan Railway Co (9021.T) has also suspended some of its Shinkansen bullet train service in Kyushu. A second storm, Lan, had formed in the Pacific Ocean south of Japan and was predicted to strengthen as it heads north, possibly affecting Tokyo early next week, JMA said.

Persons: Typhoon, Khanun, Mariko Katsumura, Elaine, Miral Organizations: Kyodo, REUTERS, Japan Meteorological Agency, JMA, Railway, Japan Railway Co, Thomson Locations: Kagoshima, Japan's, Kyushu, REUTERS TOKYO, Japan, Tokyo, Okinawa

And its flagship gaming brand, Republic of Gamers (ROG), offers a range of graphics cards, desktop towers, monitors, and more — including laptops, like the Asus ROG Zephyrus G14. The Asus ROG Zephyrus G14 is a gaming laptop that packs premium performance into a lightweight package. ASUS ROG Zephyrus G14 Gaming Laptop (GA402XY) The Asus ROG Zephyrus G14 (2023) is a slim gaming laptop equipped with top-tier hardware. Asus ROG Zephyrus G14: SpecsAsus produces a variety of different G14 models, each with different specifications. The Zephyrus G14's bright screen, great performance, and portability make it a perfect match for gamers or creative professionals on the go.

Persons: I've, William Antonelli, It's, Fortnite, Price, I'd Organizations: Asus, Republic of Gamers, Nvidia, ASUS, AMD, McAfee, Bluetooth

Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. Investors in China's stock markets, however, were clearly underwhelmed, as Hong Kong's Hang Seng Index (.HSI) dropped roughly 2% over the week, while the mainland's benchmark CSI 300 index (.CSI) eked out a 0.7% gain. But investors are becoming frustrated by the time the NDRC is taking to flesh out stimulus policies, or order measures like a cut in stamp duty - that could help China's ailing property sector, and please investors in stocks and bonds. Even in a best-case scenario, growth over the second half of this year looks set to be modest." Reporting by Joe Cash and Albee Zhang in Beijing; Editing by Himani Sarkar & Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Tingshu Wang, HSI, flexibly, Zou Lan, Xu Tianchen, Joe Cash, Albee Zhang, Himani Sarkar, Simon Cameron, Moore Organizations: People's Bank of China, REUTERS, National Development, Reform Commission, Communist Party's, UBS, Council, Economist Intelligence Unit, Weibo, Capital Economics, Thomson Locations: Beijing, China, BEIJING

☆ LATAM Airlines sees stronger 2023 after Q2 results boost
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +3 min

A Latam Airlines airplane is seen at Guarulhos International Airport amid the outbreak of the coronavirus disease (COVID-19), in Guarulhos, near Sao Paulo, Brazil, May 19, 2020. REUTERS/Amanda PerobelliSANTIAGO, Aug 2 (Reuters) - LATAM Airlines expects "record" net earnings in 2023 after posting stronger second-quarter results and improved forecasts, company executives said on Wednesday, hoping to bolster investor confidence after the company's exit from bankruptcy in November. "Without a doubt we are foreseeing a much better financial situation and very good profitability in 2023," he told reporters. Alfonsin added that the company was expecting to hit pre-pandemic level results for the year and record EBITDAR. LATAM Airlines, South America's largest airline, operates units across the continent, with routes across the world.

Persons: Amanda Perobelli SANTIAGO, Ramiro Alfonsin, Alfonsin, Fabian Cambero, Gabriel Araujo, Isabel Woodford, Valentine Hilaire, Gerry Doyle Organizations: Latam Airlines, Guarulhos, REUTERS, LATAM Airlines, South America's, Chilean, LAN, Brazilian, TAM, U.S . Department of Transportation, U.S, Thomson Locations: Guarulhos, Sao Paulo, Brazil, Santiago, South

Copper prices have been range-bound in recent months after a January slide from their highest in more than seven months and a May rebound from a slump below $8,000 a metric ton. Analysts forecast a copper surplus this year of 111,000 metric tons, with oversupply rising to 188,000 tons next year. Analysts expect a market deficit this year of 191,750 metric tons, dropping to 66,000 tons in 2024. Analysts expect LME cash nickel prices to average $20,000 a metric ton in the fourth quarter, down 11% from the previous poll. They expect the global nickel market to show a surplus of 199,000 metric tons this year and 150,000 tons in 2024.

Persons: Dan Smith, Goran Djukanovic, Nguyen, Eric Onstad, Ananya, David Goodman Organizations: Amalgamated Metal Trading, Study, London Metal Exchange, Reuters, Indonesia, Thomson Locations: BENGALURU, China, YUNNAN, Yunnan, Yunnan province, Indonesia, Commerzbank, London, Bengaluru

☆ Gold hits 1-week high on softer dollar after Powell's comment
▼ + stars: | 2023-07-27 | by ( ) www.cnbc.com time to read: +2 min

Gold bars and gold coins of different sizes lie in a safe on a table at the precious metal dealer Pro Aurum. Gold prices rose to a one-week high on Thursday, supported by a slightly weaker dollar, while traders digested fairly balanced comments from U.S. Federal Reserve Chair Jerome Powell after a widely expected interest rate hike. The Fed raised interest rates by a quarter-of-a-percentage point on Wednesday, highlighting that another 25 basis-point hike could be in September based on a wide range of data. Gold is highly sensitive to rising interest rates as they increase the opportunity cost of holding non-yielding bullion. The dollar index was lower, supporting bullion as a weaker dollar makes gold cheaper for holders of other currencies.

Persons: Jerome Powell, Brian Lan, Powell Organizations: Aurum, U.S . Federal, GoldSilver Locations: U.S, Brian Lan of Singapore, United States, China

☆ Gold near 9-week high on weaker dollar, hopes of Fed rate pause
▼ + stars: | 2023-07-20 | by ( ) www.cnbc.com time to read: +2 min

Gold prices climbed on Thursday to a near nine-week peak, amid a weaker dollar and bets that the U.S. Federal Reserve might soon pause its interest rate hiking cycle. Spot gold rose 0.4% to $1,984.29 per ounce by 0521 GMT, close to its highest since mid-May. Gold has been supported by the dollar weakening and inflation prints coming in lower, said Brian Lan of Singapore dealer GoldSilver Central. The dollar index was 0.2% lower, close to an over one-year low, making gold cheaper for holders of other currencies. Spot silver rose 0.2% to $25.21 per ounce, platinum was down 0.1% to $971.87 while palladium slipped 0.6% to $1,300.21.

Persons: Brian Lan, We've, Lan, Baden Moore Organizations: U.S . Federal, GoldSilver Central, Investors, National Australia Bank Locations: Brian Lan of Singapore, Asia

☆ Nearly two years after Texas' six-week abortion ban, more babies are dying
▼ + stars: | 2023-07-20 | by ( Isabelle Chapman | ) edition.cnn.com time to read: +8 min

CNN —Texas’ abortion restrictions – some of the strictest in the country – may be fueling a sudden spike in infant mortality as women are forced to carry nonviable pregnancies to term. The increase in deaths could partly be explained by the fact that more babies are being born in Texas. But multiple obstetrician-gynecologists who focus on high-risk pregnancies told CNN that Texas’ strict abortion laws likely contributed to the uptick in infant deaths. Plaintiffs Anna Zargarian, Lauren Miller, Lauren Hall, and Amanda Zurawski at the Texas State Capitol after filing a lawsuit on behalf of Texans harmed by the state's abortion ban on March 7 in Austin, Texas. Tom Williams/CQ Roll Call/APExperts say that abortion bans in states like Texas lead to increased risk for both babies and mothers.

Persons: ”, Erika Werner, –, Samantha Casiano, she’d, wouldn’t, ” Casiano, ‘, Jay Janner, Casiano, gynecologists, “, Anna Zargarian, Lauren Miller, Lauren Hall, Amanda Zurawski, Rick Kern, Kylie Beaton, Beaton, alobar holoprosencephaly, Beaton’s, couldn’t, Grant, Tom Williams, Zurawski, ” Zurawski, Mae, Lan Winchester, ” Winchester, it’s … Organizations: CNN, Texas, Tufts Medical Center, Center for Reproductive, Capitol, Austin American, Statesman, Texas State Capitol, Getty, ” Locations: Texas, Travis County, Austin , Texas, United States, Ohio

Prices were also unchanged from a year earlier, retreating from a 0.1% increase in May. The property sector, accounting for one-fourth of activity in the world's second-biggest economy, slumped sharply last year as developers defaulted on debts and suspended construction of presold housing projects. Markets widely expect more stimulus around a meeting of the ruling Communist Party's Politburo late this month, setting the tone for economic policies in the second half of the year. Thirty-one of the 70 cities monitored by NBS recorded month-on-month rises in new home prices, down from 46 in May. Prices were flat after rising in May in tier-one cities including Beijing and tier-two cities.

Persons: Chen Xiao, Hunter, Chen, Zou Lan, Goldman Sachs, dampening, Qiaoyi Li, Liangping Gao, Ryan Woo, Kim Coghill, William Mallard Organizations: National Bureau of Statistics, Communist Party's Politburo, Zhuge, NBS, People's Bank of China, Thomson Locations: BEIJING, Beijing

☆ China's central bank says consumer prices will likely drop in July
▼ + stars: | 2023-07-14 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Jason Lee | ReutersBEIJING – China's consumer prices will likely decline in July before recovering, Liu Guoqiang, deputy governor of the People's Bank of China, told reporters Friday. Official measures of consumer prices have barely changed in the last several months amid tepid demand, in contrast to high inflation in the U.S. and Europe. watch nowThe central bank said in April consumer prices would likely see a "U-shaped" recovery this year. He described the real estate market as "stable" overall, but said that "some real estate companies' long-accumulated risks require a period of time to gradually absorb." He said that was out of "consideration of deep changes in the relationship between supply and demand in [China's] real estate market."

Persons: Jason Lee, Liu Guoqiang, Liu, Bruce Pang, Zou Lan, Zou Organizations: People's Bank of China, Reuters, People's Bank of Locations: Beijing, China, Reuters BEIJING, People's Bank of China, U.S, Europe, JLL

☆ China central bank to use tools such as RRR to tackle economic woes
▼ + stars: | 2023-07-14 | by ( Kevin Yao | ) www.reuters.com time to read: +4 min

[1/2] Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. The central bank will step up "countercyclical adjustments" to support the economic recovery, PBOC Deputy Governor Liu Guoqiang told the press conference. Analysts polled by Reuters expect the central bank to cut the RRR by 25 basis points in the third quarter. But Liu said China has not seen deflation and there were no deflationary risks for the second half. "As for the specific policy tools, we will use them reasonably according to the needs of the situation."

Persons: Tingshu Wang, Zou Lan, Zou, Liu Guoqiang, Liu, Liangping Gao, Ellen Zhang, Shri Navaratnam, William Mallard Organizations: People's Bank of China, REUTERS, Reuters, Securities Times, Thomson Locations: Beijing, China, BEIJING

☆ Gold near one-month high on hopes of Fed nearing end of rate hikes
▼ + stars: | 2023-07-13 | by ( Arundhati Sarkar | ) www.reuters.com time to read: +2 min

Spot gold was up 0.1% to $1,959.79 per ounce by 0241 GMT, hitting its highest since June 16. Therefore, a lot of focus remains on the central bank's next rate-setting meeting, which could dictate near-term gold prices, said Brian Lan of Singapore dealer GoldSilver Central. Recent hawkish comments from policymakers have weighed on gold, with bullion down more than $100 since its May highs. Among other precious metals, spot silver rose 0.3% to $24.2163 per ounce and palladium advanced 0.7% to $1,292.19. Reporting by Arundhati Sarkar in Bengaluru; Editing by Rashmi Aich and Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.

Persons: Silver, Brian Lan, Lan, Price, Arundhati Sarkar, Rashmi Aich, Sohini Organizations: Federal Reserve, GoldSilver, Thomson Locations: Brian Lan of Singapore, Bengaluru

The KraneShares CSI China Internet ETF is up 5.4% since Friday, while back home the CSI Overseas China Internet Index (.CSIH11136) is up nearly 3%. Yet China tech valuations have been gutted in the nearly 3 years since Ant was forced to shelve its initial share offering, and fund managers see plenty of headwinds, apart from just policy scrutiny. "The government has learned that the private sector - particularly the tech sector - is a critical partner in jump-starting growth. The government will continue to exert pressure on key tech companies even as they allow growth to resume," he said. For some sell-side analysts, though, China tech has turned a corner.

Persons: Jack Ma, Jon Withaar, Ant, Wong Kok Hoi, Wong, Kai Kong Chay, Derrick Irwin, Xi Jinping's, Alibaba's ADRs, Morgan Stanley, Min Lan Tan, Vidya Ranganathan, Kim Coghill Organizations: Group, Alibaba, HK, Pictet Asset Management, CSI China, CSI Overseas, CSI Overseas China Internet, Amazon Inc, APS Asset Management, Greater, Manulife Investment Management, UBS Global Wealth Management, Thomson Locations: HONG KONG, China, Asia, Hong Kong, Alibaba, CSI Overseas China, Singapore, Greater China, Boston

☆ UBS sees investment opportunities in Japan
▼ + stars: | 2023-07-06 | 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 EmailThere are investment opportunities in Japan after potential profit-taking around summerTan Min Lan of UBS Global Wealth Management says structural changes have been positive drivers for the Japanese markets and discusses the sectors she finds attractive investment opportunities.

Persons: Min Lan Organizations: UBS Global Wealth Management Locations: Japan

☆ Google News Blocked in Russia as Feud With Mercenary Leader Intensifies
▼ + stars: | 2023-06-23 | by ( Nico Grant | ) www.nytimes.com time to read: +1 min

Several Russian internet service providers are preventing users inside the country from accessing Google News after Russian generals accused a mercenary leader, Yevgeny V. Prigozhin, of attempting a coup. At least five telecommunications companies — including Rostelecom, U-LAN and Telplus — have blocked Google News, which aggregates news from various sources, according to an analysis from NetBlocks, an internet observatory. Several other internet service providers have begun reducing access as well, according to the analysis. Google didn’t immediately respond to a request for a comment. Late Friday, Russian officials accused Mr. Prigozhin, the leader of the Wagner Group, a mercenary organization, of trying to mount a coup against President Vladimir V. Putin, with Russian authorities opening an investigation into Mr. Prigozhin for “organizing an armed rebellion.”Russia’s internet regulator, Roskomnadzor, said in March 2022 that it would block Google News from the country’s internet users after the company paused advertising in Russia and took steps to block online content that spread false information to support Russia’s invasion of Ukraine.

Persons: Yevgeny V, Google didn’t, Mr, Prigozhin, Vladimir V, Putin Organizations: Google, Wagner Locations: Russian, Russia, Ukraine

☆ Gold slips to three-month low as Fed rate cues lift dollar
▼ + stars: | 2023-06-15 | by ( ) www.cnbc.com time to read: +1 min

Bars of gold are seen at Krastsvetmet, one of the world's largest producers of precious metals, in Moscow, January 31, 2023. Gold slipped to a near three-month low on Thursday as the dollar and Treasury yields advanced after the U.S. Federal Reserve signaled more interest rate hikes this year. Spot gold fell 0.4% to $1,935.99 per ounce, hitting its lowest since March 17. Traders are now pricing in a roughly 72% chance of a Fed rate hike in July, according to the CME Fedwatch tool. "(The) Fed has more or less given the market a direction," said Brian Lan, of Singapore dealer GoldSilver Central.

Persons: Gold, Tim Waterer, Brian Lan, Suki Cooper Organizations: Treasury, U.S . Federal Reserve, Fed, KCM Trade, Traders, GoldSilver Central, The U.S, European Central Bank Locations: Moscow, Singapore, The, U.S

Star fund manager Zhang Kun, who manages nearly 90 billion yuan for Guangzhou-based E Fund Management, has seen his flagship 56 billion yuan Blue Chip Selected Mixed Fund lose 8% so far this year. The fund soared 95% in 2020 which attracted significant subscriptions and helped Zhang become China's first so-called "100 billion fund manager". Another high profile fund manager, Ge Lan at Lombarda China Fund Management, saw her flagship 28 billion yuan healthcare fund retreat 7% in 2021 and 23% in 2022, after a nearly 100% gain in 2020. "Not just mutual funds, the overall fund issuance is difficult, as this is closely connected with the economic situation," Steve Chen, partner of Shanghai-based hedge fund manager MX Capital. To boost market sentiment, some mutual funds announced fee cuts or started to purchase their own fund shares recently.

Persons: Thomas Peter HONG, Jiao Jinyuan, Zhang Kun, Zhang, Ge Lan, Emily Gao, Steve Chen, Debbie Dai, Dai, China Asset’s Jiao, Summer Zhen, Sumeet Chatterjee, Kim Coghill Organizations: REUTERS, Z, Ben Advisors, CSI, China Asset Management, Star, E Fund Management, China Fund Management, MX Capital, Thomson Locations: Beijing, China, Thomas Peter HONG KONG, Guangzhou, Shanghai

☆ Investing in Space: Here are the rockets chasing to compete with SpaceX's Falcon 9
▼ + stars: | 2023-06-08 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +14 min

SpaceXCNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Overview: Chasing the FalconNo rocket has been better-described as a "workhorse" than SpaceX's Falcon 9. Aside from Blue Origin's New Glenn, the early theme is rockets that are close to the capability of Falcon 9 and less expensive. – CNBC, which the lawsuit says were used for NASA projects including the International Space Station and the Space Launch Systems rocket. – Firefly Aerospace: The rocket builder says the deal will bolster its launch, spacecraft, and lunar lander businesses.

Persons: CNBC's Michael Sheetz, Phil Smith, SpaceX's, Glenn, Smith, –, Smith doesn't, CNBC ULA, Tory Bruno, Jeff Bezos, ULA, – Read, Shepard, Bob Smith, Jim Free, Artemis, HawkEye, – Hydrosat, Leonardo DiCaprio, – Momentus, Westinghouse EchoStar's Hughes, – EchoStar, Iris Lan, Sumara Thompson, King, Lan, – NASA Celeste Ford, Ford, – SpiderOak Melissa Quinn, Quinn Organizations: SpaceX CNBC's, SpaceX, Falcon, Boeing, NASA, CNBC, CNBC Department of Defense, Ukraine, Starlink, Pentagon, –, Space Station, Systems, CNBC SpaceX, Cargo, International Space, FAA, Intelsat, Japan Airlines, Embraer, – Intelsat, Rocket, ONE, Washington, Spaceflight, Aerospace, Aerospace Spacecraft, York, MaC Venture Capital, Broom Ventures, Veto, TechCrunch Viasat, Air Force, Viasat, Westinghouse, U.S . Department of Justice, – NASA, Ford, Stellar Solutions Locations: Florida, China, Russia, Colorado, Ukrainian, Bellevue , Washington, Cortado, Cornwall

☆ Gold prices range-bound as traders measure Fed policy path
▼ + stars: | 2023-06-01 | by ( ) www.cnbc.com time to read: +2 min

A one-kilogram gold bar sits at Gold Investments Ltd. bullion dealers in this arranged photograph in London, U.K., on Wednesday, July 29, 2020. Gold prices held steady on Thursday, supported by a pullback in the dollar, although prices moved in a tight range as investors gauged the Federal Reserve's interest rate outlook following a critical vote on the U.S. debt ceiling. The dollar index eased from its highest in more than two months, making bullion less expensive for overseas buyers. On the downside, it has support at $1,955, and remains influenced by the movement of the dollar, he added. Higher interest rates dull the appeal for zero-yield bullion.

Persons: Brian Lan Organizations: Gold Investments, Bullion, Investors, U.S . House, Senate, Fed, GoldSilver, Federal Reserve, Federal Locations: London, Singapore, U.S

☆ A New Hope for Manhattan’s Chino Latino Restaurants: TikTok
▼ + stars: | 2023-05-12 | by ( Christina Morales | ) www.nytimes.com time to read: +1 min

All of the cooks at La Dinastia’s kitchen are Chinese and have learned to make Cuban dishes over time. Many original cooks and waiters retired during the pandemic. Michael Lan, an owner at La Dinastia who has worked there for decades and is knowledge about the kitchen, is planning his own exit. “I’ll be there for him,” Mr. Lan, 64, said about the younger Mr. Lam. “But they’re getting old,” said Marvin Chu, 40, an owner who operates the restaurant’s three locations with his brother and great-uncle.

☆ China's deflation worries deepen as consumer prices rise only 0.1% in April
▼ + stars: | 2023-05-11 | by ( Laura He | ) edition.cnn.com time to read: +3 min

The producer price index, which measures factory-gate prices, declined by 3.6%, marking the biggest contraction in three years. The weak property sector recovery likely has exerted “persistent” downward pressure on the factory-gate prices, they added. A slump in the property sector affects demand for key raw materials such as steel and cement, which are key parts of the producer price index. Producer deflation will likely deteriorate, with the PPI expected to drop further by 3.9% on falling global commodity prices. Deflation is bad for the economy because, in such an environment, consumers and companies may put off spending in anticipation of prices falling further, which would only exacerbate economic problems.

☆ LATAM Airlines reverses loss, posts $122 mln net profit in Q1
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +1 min

May 3 (Reuters) - LATAM Airlines (LTM.SN) reported a first-quarter net profit of $121.8 million, the company said on Wednesday, reversing a net loss of $380 million in the year-ago period. The airline, created by the 2012 merger of Chile's LAN with Brazilian rival TAM, operates units in Chile, Brazil, Colombia and Peru. Revenue for Santiago-based LATAM during the quarter rose about 43.2% to $2.8 billion from the year-ago period, boosted by an increase in passenger revenue. Last November, LATAM announced the completion of a years-long restructuring process after it declared bankruptcy in 2020. Reporting by Noe Torres and Carolina Pulice; Editing by Brendan O'BoyleOur Standards: The Thomson Reuters Trust Principles.

SummarySummary Companies US dollar down 0.2%Powell: Won't rule out mild recessionPlatinum, palladium up 1%May 4 (Reuters) - Gold prices traded near record-high levels on Thursday, as U.S. yields and the dollar dipped after the U.S. Federal Reserve hinted it may pause its rate-hike cycle. Spot gold was up 0.1% at $2,040.46 per ounce by 0249 GMT. Earlier in the session, prices rose to $2,072.19 per ounce and hovered close to an all-time high of $2,072.49 scaled in 2020. U.S. gold futures rose 0.6% at $2,050.10. Spot silver rose 0.9% at $25.82 per ounce, platinum gained 1% to $1,060.16 while palladium edged 1.4% higher to $1,443.11.

☆ Hong Kong is 'back on steroids,' says Lan Kwai Fong Group
▼ + stars: | 2023-05-04 | 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 EmailHong Kong is 'back on steroids,' says Lan Kwai Fong GroupAllan Zeman, chairman of Lan Kwai Fong Group, says young travelers from mainland China are "all over Hong Kong."

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