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☆ Mexico throws troops, aid into Acapulco as hurricane death toll rises
▼ + stars: | 2023-10-29 | by ( Josue Decavele | ) www.reuters.com time to read: +4 min

ACAPULCO, Mexico, Oct 29 (Reuters) - Mexico's government on Sunday intensified efforts to get the stricken coastal city of Acapulco back on its feet as the toll of dead and missing from a record-breaking hurricane that ravaged the iconic beach resort continued to rise. POLITICAL FALLOUT[1/7]Damaged boats are seen at the Caleta beach in the aftermath of Hurricane Otis, in Acapulco, Mexico, October 29, 2023. Former President Felipe Calderon, a longstanding adversary of Lopez Obrador, accused his administration of trying to exploit the situation by "rebranding" boxes of private aid contributions to Acapulco as "government" donations. Lopez Obrador said he expected electricity to be fully restored in the city by Tuesday. Reporting by Josue Decavele, Jose Cortes and Alexandre Meneghini in Acapulco; Daina Beth Solomon in Mexico City; Editing by Dave Graham, Marguerita Choy and Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Hurricane Otis, Otis, Andres Manuel Lopez Obrador, Lopez Obrador, Blanca Estela Morales, Quetzalli, Lopez, Felipe Calderon, Jesus Ramirez, Calderon, Guerrero, Evelyn Salgado, Luis Cresencio Sandoval, Sandoval, Josue Decavele, Jose Cortes, Alexandre Meneghini, Beth Solomon, Dave Graham, Marguerita Choy, Lisa Shumaker Organizations: REUTERS, . Defense, National Guard, Thomson Locations: ACAPULCO, Mexico, Acapulco, Hurricane, Mexican, Mexico's, Guerrero, Mexico City

☆ US says Israel must protect civilians in Gaza, stop Jewish settler violence
▼ + stars: | 2023-10-29 | by ( Doina Chiacu | ) www.reuters.com time to read: +4 min

In a round of television interviews, Sullivan said Washington was asking hard questions of Israel, including on issues surrounding humanitarian aid, distinguishing between terrorists and innocent civilians and on how Israel is thinking through its military operation. Sullivan also said Netanyahu has a responsibility to "rein in" extremist Jewish settlers in the Israeli-occupied West Bank. "It is totally unacceptable to have extremist settler violence against innocent people in the West Bank," he said. The militants also took more than 200 hostages from Israel, who are believed to be in Gaza. Medical authorities in the Gaza Strip, which has a population of 2.3 million people, say 8,005 Palestinians have been killed in Israel's campaign to obliterate the Iran-backed militants.

Persons: Khan Younis, Mohammed Salem, Jake Sullivan, Joe Biden's, Sullivan, Washington, Israel, Biden, Benjamin Netanyahu, Netanyahu, Doina Chiacu, Jasper Ward, Mary Milliken, Marguerita Choy Organizations: Hamas, REUTERS, Rights, White House, IDF, Israel Defense Forces, CNN, Israeli, West Bank, CBS, U.S, Thomson Locations: Israel, Palestinian, Gaza, White, U.S, Iran, United States

☆ Death toll rises to 45 in ArcelorMittal Kazakh coal mine fire
▼ + stars: | 2023-10-29 | by ( ) www.reuters.com time to read: +1 min

[1/2] Relatives of miners gather at the Kostenko coal mine operated by ArcelorMittal Temirtau during a power outage, as a rescue operation continues following a mine fire, in Karaganda, Kazakhstan October 28, 2023. On Saturday, operator ArcelorMittal Temirtau, the local unit of Luxembourg-based steelmaker ArcelorMittal, said 206 of 252 people at the Kostenko mine had been evacuated after what appeared to be a methane blast. Gennady Silinsky, a senior emergency services official, on Sunday confirmed the death toll and continuing operation in Karaganda, a major coal mining centre, to Kazakhstan's Khabar-24 television. "Work is going on round the clock in shifts in two areas of operations," Murat Katpanov, another emergency official, told Khabar-24. Earlier statements said rescue operations in the two areas - 4 km (2.5 miles) apart - were hampered by power cuts and wrecked equipment.

Persons: ArcelorMittal Temirtau, Stringer, ArcelorMittal, Gennady Silinsky, Kazakhstan's, Murat Katpanov, Khabar, Mariya Gordeyeva, Andrew Osborn, Alexander Smith, Ron Popeski, Marguerita Choy Organizations: REUTERS, Rights, ArcelorMittal, Sunday, Thomson Locations: Karaganda, Kazakhstan, Rights ALMATY, Luxembourg

☆ Matthew Perry's family 'heartbroken' by 'Friends' star's death
▼ + stars: | 2023-10-29 | by ( Rich Mckay | ) www.reuters.com time to read: +4 min

[1/3] Actor Matthew Perry waits to announce the nominations for the Golden Globe Awards during a news conference in Beverly Hills, California, December 14, 2006. REUTERS/Fred Prouser/File Photo Acquire Licensing RightsOct 29 (Reuters) - Matthew Perry's family, friends and fellow celebrities on Sunday mourned the passing of the wise-cracking co-star of 1990s sitcom "Friends" who died at his Los Angeles home in an apparent drowning this weekend. "Matthew brought so much joy to the world, both as an actor and a friend," Perry's family told People magazine on Sunday in a statement. The official "Friends" webpage on Instagram said: "We are devastated to learn of Matthew Perry’s passing. "I'll remember that character for the rest of my life," she said as the audience cheered, according to the Los Angeles Times.

Persons: Matthew Perry, Fred Prouser, Matthew Perry's, Matthew, Perry, Chandler Bing, Jennifer Aniston, Lisa Kudrow, David Schwimmer, Matt LeBlanc, Courtney Cox, Instagram, Matthew Perry’s, Singer Adele, Chandler, He's, Alyssa Milano, “, Matty, Milano, ”, Rainn Wilson, Dwight, R.I.P, Rich McKay, Marguerita Choy Organizations: Golden Globe, REUTERS, Sunday, Los Angeles, Police, Los Angeles Times, Los, Angeles, Angeles County Medical, Thomson Locations: Beverly Hills , California, Los Angeles, Massachusetts, Canada, Los, Angeles County, Manhattan, Vegas, Atlanta

☆ Iran does not want Israel-Hamas conflict to spread, foreign minister says
▼ + stars: | 2023-10-29 | by ( ) www.reuters.com time to read: +2 min

Iranian Foreign Minister Hossein Amirabdollahian speaks to an emergency special session of the United Nations General Assembly on the ongoing conflict between Israel and Hamas at U.N. headquarters in New York City, U.S., October 26, 2023. REUTERS/Mike Segar/File Photo Acquire Licensing RightsWASHINGTON, Oct 29 (Reuters) - Iranian Foreign Minister Hossein Amirabdollahian on Sunday said Iran does not want war to "spread out" following the Oct. 7 attack by Palestinian militants of Hamas on Israel that killed at least 1,400 people, mostly civilians. "We don't want this war to spread out," Amirabdollahian said during an appearance on CNN. Amirabdollahian on Sunday dismissed claims directly connecting Iran to the attacks, calling them "baseless." Amirabdollahian said linking Iran to any attack in the region, if U.S. interests are targeted, without providing proof, is "totally wrong."

Persons: Hossein Amirabdollahian, Mike Segar, Amirabdollahian, Al, Antony Blinken, Jasper Ward, Marguerita Choy, Grant McCool Organizations: Iranian, United Nations General Assembly, REUTERS, Rights, Palestinian, Hamas, CNN, United, United Nations, Pentagon, Islamic Revolutionary Guard Corps, Thomson Locations: Israel, U.N, New York City, U.S, Iran, Gaza, Palestine, Al Aqsa, Iraq, Syria, United States, Washington

The government has been overseeing distribution of the treatments, alongside vaccines and tests, but has transferring that work to traditional commercial channels. Commercial ordering for the treatments is set to start on Nov. 1. Returns will begin on Nov. 15, the official said, and will be accepted through the end of the year. The government is recommending returns start in December enough time for the establishment of patient assistance programs and securing of commercially-labeled doses. Reporting by Ahmed Aboulenein Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Lagevrio, Ahmed Aboulenein, Marguerita Choy Organizations: U.S, Pfizer, Paxlovid, U.S . Department of Health, Human Services, Thomson Locations: U.S

Reuters Image Acquire Licensing RightsAnd that is reflected in the return of the "term premium," the amorphous amount of compensation investors demand for buying long-dated bonds instead of rolling over bills. A San Francisco Fed model estimates that the term premium on the 10-year Treasury bond has risen around 100 basis points since July. Reuters Image Acquire Licensing RightsAnalysts at Morgan Stanley reckon the term premium and debt sustainability worries could prompt a rethink of the bill-coupon supply balance. Bill supply around these levels would be well down on net issuance of just over $1.6 trillion in fiscal year 2023. Reuters Image Acquire Licensing RightsReuters Image Acquire Licensing RightsIn an ideal world, Treasury would not choose to rely on such short-term funding needs.

Persons: Kevin Lamarque, Morgan Stanley, Bill, Committee's, Jamie McGeever, Marguerita Choy Organizations: Department of, U.S . Treasury, REUTERS, Rights, U.S, Treasury, San, San Francisco Fed, New York Fed, Bank of America, TD Securities, Bills, Reuters, Securities, Thomson Locations: Washington , U.S, Rights ORLANDO , Florida, San Francisco

View of the Cobre Panama mine, of Canadian First Quantum Minerals, in Donoso, Panama, December 6, 2022. President Laurentino Cortizo announced that the new mining restrictions will apply to both future mining projects as well as those currently seeking permits. The abrupt mining pause comes barely a week after Cortizo hailed the revised contract that allows the local unit of Canada's First Quantum (FM.TO) to continue operating its lucrative Cobre Panama project. "Panama is a mining country," Alexander told Reuters, arguing that without the mine, the country's economy would barely grow this year, versus the robust 6% growth the government estimates. The Cobre Panama mine alone accounts for nearly 5% of Panama's economy.

Persons: Laurentino Cortizo, Cortizo, Hector Alexander, Alexander, Panama's, Edison Broce, Valentine Hilaire, Christian Plumb, Marguerita Choy, Raju Gopalakrishnan Organizations: Minerals, REUTERS, Aris, Reuters, Thomson Locations: Panama, Donoso

☆ US Shifting COVID Antivirals to Commercial Market on Nov. 1
▼ + stars: | 2023-10-27 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

The government has been overseeing distribution of the treatments, alongside vaccines and tests, but has transferring that work to traditional commercial channels. Commercial ordering for the treatments is set to start on Nov. 1. The U.S. government paid around $530 per course for Paxlovid, the most commonly prescribed at home COVID-19 treatment in the country, and made it available at no cost. Returns will begin on Nov. 15, the official said, and will be accepted through the end of the year. The government is recommending returns start in December enough time for the establishment of patient assistance programs and securing of commercially-labeled doses.

Persons: Ahmed Aboulenein WASHINGTON, Lagevrio, Ahmed Aboulenein, Marguerita Choy Organizations: U.S, Pfizer, Paxlovid, U.S . Department of Health, Human Services Locations: U.S

☆ Soaring Treasury yields threaten long-term performance of US stocks
▼ + stars: | 2023-10-26 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

This year’s climb in Treasury yields is changing that calculus, as government bonds offer income that is viewed as risk-free to investors who hold them to term. The 10-year Treasury yield has climbed about a full percentage point since then. The term premium is the added compensation investors expect for owning longer-term debt and is measured using financial models. Stocks have averaged a forward price-to-earnings ratio of 17.8 over the last 10 years, while the term premium has averaged -0.3%. That compares with a historical average forward P/E of 15.6 and a term premium of 1.4% since 1985.

Persons: Brendan McDermid, ”, Quincy Krosby, Elon Musk, John Lynch, Lynch, LSEG, Matthew Miskin, Keith Lerner, ” Lerner, Lewis Krauskopf, Dan Burns, Ira Iosebashvili, Marguerita Choy Organizations: New York Stock Exchange, REUTERS, Soaring U.S, Treasury, U.S . Federal Reserve, . Treasury, BofA Global Research, LPL, Comerica Wealth Management, Reuters Graphics, John Hancock Investment Management, UBS Global Wealth Management, Advisory, Thomson Locations: New York City, U.S

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 RightsOct 27 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. This is the backdrop to Friday's open in Asia, where Japanese economic data, bonds, and currency will again be under intense scrutiny ahead of next week's Bank of Japan policy meeting. The main data release in Asia on Friday will be consumer price inflation in Tokyo for September. In China, meanwhile, industrial sector profit figures for the first nine months of the year are on the docket Friday.

Persons: Issei Kato, Jamie McGeever, JP Morgan, Fumio Kishida, Marguerita Choy Organizations: Bank of Japan, REUTERS, Nasdaq, week's Bank of Japan, Reuters, Barclays, UBS, Japanese, China's, Thomson Locations: Tokyo, Japan, Asia, China, YTD, Australia

The opposition and the primary's winner Maria Corina Machado have insisted repeatedly it was transparent and fair. The U.S. State Department is aware of the accusations and called for an investigation, a spokesperson said, adding the primary was "an important milestone" for Venezuela. The investigation, requested by lawmaker Jose Brito, will center on accusations of electoral violations, financial crimes and conspiracy, Saab said during a press conference. The electoral violations stem from the primary being organized without the National Electoral Council, Saab said. Voter rolls for the primary included 2 million people who neither registered nor participated, Saab said, and financing for the primary has not been made public.

Persons: Tarek Saab, Maria Corina Machado, Machado, Nicolas Maduro's, Nicolas Maduro, Jose Brito, Saab, Jesus Maria Casal, Mildred Camero, Roberto Abdul, Hadi, Vivian Sequera, Mayela Armas, Julia Symmes Cobb, Natalia Siniawski, Oliver Griffin, Helen Popper, Marguerita Choy, Rod Nickel Organizations: Venezuela's, Washington, U.S . State Department, Electoral Council, Saab, Voters, Thomson Locations: CARACAS, Washington, Maduro, Barbados, U.S, Venezuela, Sumate

A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, near Iraan, Texas, U.S., March 17, 2023. Gasoline stocks (USOILG=ECI) rose by about 160,000 barrels in the week to 223.5 million barrels, the EIA said, compared with expectations for a 900,000-barrel drop. "It will reverse the gasoline crack," Yawger said, referring to the profit oil refiners can make producing gasoline from crude. U.S. crude futures last traded at just over $83 per barrel, while Brent crude futures was around $87.50 a barrel. Crude stocks at the Cushing, Oklahoma, delivery hub (USOICC=ECI) rose by 213,000 barrels in the last week, EIA said.

Persons: Bing Guan, Bob Yawger, Yawger, Stephanie Kelly, Laura Sanicola, Marguerita Choy Organizations: REUTERS, Energy Information Administration, EIA, Mizuho, Brent, Cushing, Net, Thomson Locations: West, Iraan , Texas, U.S, Oklahoma

WASHINGTON, Oct 24 (Reuters) - U.S. regulators will begin grading banks on which communities and geographies they service via online lending under tougher new rules modernizing fair lending standards to be finalized on Tuesday. The changes to 1977 Community Reinvestment Act (CRA) regulations draw a line under a contentious multiyear effort that was delayed amid fierce lobbying by community groups and lenders, as well as by a change of presidential administrations. Conceived to prevent red lining, CRA regulations are central to banks' overall supervisory performance. Historically, CRA grades focused on how well banks serviced low-income communities where banks have branches. Banks on Tuesday said they supported fair lending but flagged concerns with the final rule.

Persons: Michael Barr, Michelle Bowman, Banks, Randy Benjenk, Lindsey Johnson, Pete Schroeder, Andrea Ricci, Michelle Price, Marguerita Choy Organizations: Federal, Fed, Federal Deposit Insurance Corporation, Office, Covington, Consumer Bankers Association, Thomson Locations: U.S, Burling

☆ Analysis: Cash-rich Exxon, Chevron use stock for mega deals amid energy market jitters
▼ + stars: | 2023-10-24 | by ( David French | ) www.reuters.com time to read: +5 min

Since our shareholders are getting Chevron stock, we get to participate in the upside, and also get a higher dividend," he said. He added that Hess shareholders who keep their shares in their combined company will see their dividend rise from $1.75 to $6 per share following the close of the deal. Exxon and Chevron are keen on these deals because they want to avoid the risk of exploring unproven reserves as oil and gas become scarcer. Exxon and Chevron had $29.5 billion and $9.3 billion in cash, respectively, as of the end of June. Keeping dividends and share buybacks strong helps compensate existing Exxon and Chevron shareholders for the dilution incurred in the all-stock acquisitions.

Persons: Hess, John Hess, Andrew Dittmar, David French, Greg Roumeliotis, Marguerita Choy Organizations: Exxon Mobil, Chevron, Exxon, Natural Resources, PDC Energy, Noble Energy, Morningstar, Anadarko, Occidental Petroleum, Thomson Locations: Ukraine, U.S, Guyana, New York

☆ Cash-rich Exxon, Chevron use stock for mega deals amid energy market jitters
▼ + stars: | 2023-10-24 | by ( David French | ) www.reuters.com time to read: +5 min

☆ Argentina farmers eye election showdown with doubt and mistrust
▼ + stars: | 2023-10-23 | by ( Maximilian Heath | ) www.reuters.com time to read: +2 min

Tomas... Acquire Licensing Rights Read moreBUENOS AIRES, Oct 23 (Reuters) - Argentina's farmers, some of the world's most important producers of soy, corn, wheat and beef, have some strong views on the country's polarized presidential election finalists: untrustworthy and unreliable. Sara Gardiol, president of the Confederation of Rural Associations of farm province Santa Fe, said that statements from both appeared to be little more than empty words. "It is a very difficult moment for Argentina, but critical situations can also provide opportunities," he said. "I hope that this opportunity allows us to recalibrate things, to talk with the different actors, but also to make sure things are clear and concrete." Reporting by Maximilian Heath; Editing by Adam Jourdan and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Sergio Massa, Javier Milei, Tomas, Patricia Bullrich, Horacio Deciancio, Massa, Deciancio, Sara Gardiol, Carlos Achetoni, Maximilian Heath, Adam Jourdan, Marguerita Choy Organizations: por la Patria, La Libertad, National University of Santiago, Sunday, Peronist, Business, of Rural, Argentine Agrarian Federation, FAA, Thomson Locations: Argentina, National University of Santiago del Estero, Santiago del Estero, BUENOS AIRES, San Vicente, Buenos Aires, Santa Fe

☆ S&P upgrades Greece to investment grade for first time since 2010 crisis
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

Oct 20 (Reuters) - S&P Global is the first among the “big three” rating agencies to upgrade Greece to investment grade since the country’s debt crisis in 2010. The other two agencies, Fitch and Moody's, rate the country one notch below investment grade. DBRS Morningstar upgraded Greece's rating to investment grade BBB (low) last month. Greece expects economic output to rise 3% in 2024 following a 2.3% expansion this year more than twice the eurozone average. It’s trading as investment grade anyway,” Rabobank senior rates strategist Lyn Graham-Taylor told Reuters.

Persons: Fitch, DBRS Morningstar, Lyn Graham, Taylor, Akshita, Harry Robertson, Shailesh Kuber, Marguerita Choy Organizations: Global, BBB, Reuters, Greece's, Rabobank, Thomson Locations: Greece, Bengaluru, Lefteris, Athens

☆ Powerful Mexican oil union boss who became symbol of corruption dies at 79
▼ + stars: | 2023-10-20 | by ( Dave Graham | ) www.reuters.com time to read: +4 min

Local media reported that Romero Deschamps died of a heart attack on Thursday. Days earlier, President Andres Manuel Lopez Obrador announced that Romero Deschamps was under criminal investigation for corruption, allegations which he denied and was never prosecuted for. Romero Deschamps was included in a list of the "10 Most Corrupt Mexicans" published by Forbes in 2013. He, however, rode out scandals even as other top Mexican union leaders fell foul of the law, including the former boss of the powerful teachers' union, Elba Esther Gordillo, who was arrested on fraud charges early in 2013. While a government audit later revealed anomalies covering 2.3 billion pesos ($188.97 million) in the so-called Pemexgate scandal, Romero Deschamps himself escaped unscathed.

Persons: Carlos Romero Deschamps, Petroleos, Edgard Garrido, Romero Deschamps, Pemex, Andres Manuel Lopez Obrador, Enrique Pena Nieto, Elba Esther Gordillo, Francisco Labastida, Paulina, Jose Carlos, Ferrari Enzo, Lopez Obrador, Dave Graham, Marguerita Choy Organizations: REUTERS, MEXICO CITY, Local, Institutional Revolutionary Party, Senate, Pemex, Forbes, Reforma, Thomson Locations: Mexico City, Mexico, MEXICO, Latin America, Mexico's, Tampico, Tamaulipas, Hidalgo, Cancun, Europe, Miami

U.S. President Joe Biden attends a meeting with Israeli Prime Minister Benjamin Netanyahu (not pictured), as he visits Israel amid the ongoing conflict between Israel and Hamas, in Tel Aviv, Israel, October 18, 2023. Biden noted at the start of the meeting that the EU and the U.S. were standing together to support Israel and Ukraine, but would also discuss ways to address "unfairly traded steel and aluminum imports" and talks about critical minerals. Trade negotiators had scrambled on Thursday to avoid the U.S. resuming import tariffs on EU steel and aluminum imposed by then-President Donald Trump in 2018, ultimately agreeing to keep the tariffs at bay while they keep talking. "We look forward to continuing to make progress on these important objectives in the next two months," it said. The joint statement cited progress toward a "targeted" deal, and said the leaders looked forward to continuing negotiations in the coming weeks.

Persons: Joe Biden, Benjamin Netanyahu, Evelyn Hockstein, Washington, Charles Michel, Ursula von der Leyen, Biden, Michel, Donald Trump, Andrea Shalal, Jeff Mason, Jarrett Renshaw, Heather Timmons, Jonathan Oatis, Alistair Bell, Marguerita Choy Organizations: Israeli, Hamas, REUTERS, Rights, European Union, White, Senior U.S, European, European Commission, Ukraine, EU, ., Trade, United Steelworkers, Biden, Trump, Washington, World Trade Organization, U.S, Thomson Locations: Israel, Tel Aviv, U.S, Ukraine, China, Brussels, Washington, North America, Europe

Several attendees in the virtual meeting noted that U.S. corn yield has landed below USDA’s trend yield for five consecutive years now, prompting questions as to whether the calculation will be revisited for future seasons. The market’s main grievance with the recent yield pattern is that negative price implications could arise if trend yield starts out too high, since it may cause U.S. corn supplies to be overstated early on. Trend yield is set forth by USDA’s World Board and is based off a publicly documented model written in 2012. They also suggested that consecutive bad weather years can skew the view of true trend yield. In the last five years including 2023, corn yield fell below trend in each year and by an average of 6.1 bpa (3.4%).

Persons: Daniel Acker, Karen Braun, Marguerita Choy Organizations: REUTERS, Rights, U.S . Department, USDA’s, Agency, USDA, Reuters, Thomson Locations: Tiskilwa , Illinois, U.S, Rights NAPERVILLE , Illinois

[1/4] Maria Corina Machado, candidate of the Vente Venezuela party for the opposition primaries and Freddy Superlano, leader of the Voluntad Popular party, raise their arms as they pose for pictures after a press conference, in Caracas, Venezuela October 13, 2023. The primary is the first held by Venezuela's opposition in over a decade. Favorite Maria Corina Machado is barred from holding public office, in a move criticized by the opposition and the U.S alike, and it is not clear what will happen if she wins the primary. Two other candidates - former presidential candidate Henrique Capriles and ex-lawmaker Freddy Superlano - have already withdrawn their candidacies because of similar disqualifications. The U.S. government has conveyed to Maduro bans must be lifted for all opposition presidential candidates by the end of November in exchange for sanction relief, a senior U.S. official said on Wednesday.

Persons: Maria Corina Machado, Freddy Superlano, Leonardo Fernandez, Nicolas Maduro, Henrique Capriles, MARIA CORINA MACHADO, Machado, CARLOS PROSPERI Prosperi, Prosperi, Solorzano, Deisy Buitrago, Vivian Sequera, Mayela Armas, Oliver Griffin, Marguerita Choy Organizations: REUTERS, Voters, U.S, World Bank, Inter, American Development Bank, International Monetary Fund, Accion Democratica, Criminal Court, United Nations, Thomson Locations: Venezuela, Caracas, CARACAS, U.S, Guarico

A state oil company PDVSA's logo is seen at a gas station in Caracas, Venezuela May 17, 2019. The U.S. on Wednesday lifted most restrictions on Venezuela for six months for producing, selling and exporting oil to its chosen markets. But it is not expected to significantly boost Venezuela's deteriorated oil production or immediately lead to stronger exports. Venezuela can now receive direct payments for goods or services under the license issued by OFAC, which oversees American sanctions. PDVSA and Venezuela's oil ministry did not immediately reply to requests for comment.

Persons: Ivan Alvarado, PDVSA, Washington, Pedro Tellechea, Francisco Monaldi, Rice, Nicolas Maduro's, Monaldi, Maduro, Spain's, Joe Biden's, Marianna Parraga, Will Dunham, Marguerita Choy Organizations: REUTERS, Rights, U.S, Treasury's, Foreign Assets, Oil, OFAC, Washington, Chevron, Baker Institute, Venezuelan, Citgo Petroleum, Valero Energy, PBF Energy, India's Reliance Industries, Nayara Energy, Eni, Thomson Locations: Caracas, Venezuela, Venezuelan, U.S, Asia, PDVSA, United States, American, CHINA, EUROPE, China, India, PetroChina, Houston, Maduro, Washington

☆ Sergio Massa: can Argentine political wheeler-dealer save Peronism?
▼ + stars: | 2023-10-18 | by ( Nicolás Misculin | ) www.reuters.com time to read: +5 min

Argentina's Economic Minister Sergio Massa and Brazil's Finance Minister Fernando Haddad (not pictured) hold a news conference, at the Casa Rosada presidential palace in Buenos Aires, Argentina, January 23, 2023. Massa has his own political structures," a spokesman for the ruling party told Reuters. He studied at a Catholic school in the suburbs of Buenos Aires, joined a conservative political party and then shifted to Peronism. He rose to chief of staff under Fernandez de Kirchner(2007-15), though later left her government under a cloud and set up his own political party. He finished third in the first round of voting when he ran for president in 2015, before he returned to the Peronist coalition as a congressman in 2019.

Persons: Sergio Massa, Fernando Haddad, Agustin Marcarian, Javier Milei, Massa, Julio Burdman, Agustin Rossi, Patricia Bullrich, Alberto Fernandez, grandee Cristina Fernandez de Kirchner, Kirchner, Fernandez de Kirchner, Nicolás Misculin, Adam Jourdan, Marguerita Choy Organizations: Argentina's Economic, Brazil's Finance, Casa, REUTERS, Peronist, Observatory, Reuters, International Monetary Fund, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, U.S, Peronism, Tigre

The Justice Department has called witnesses who testified about Google's payments, billions of dollars annually, to smartphone makers and wireless companies to make Google search the default on devices, and win more users. Others testified how search dominance led to clout in online advertising, including the ability to quietly raise ad prices. He also testified about how Google used machine learning tools that it developed to improve its search. Nayak's discussions of improving search appeared to downplay the role that search query volume played, implicitly disagreeing with Microsoft (MSFT.O) CEO Satya Nadella's arguments that his company needed more search queries to improve its Bing search engine but was being blocked by Google. Nayak also testified that Google compared its results to answers from Microsoft's search engine Bing, and found Bing to be lower quality.

Persons: Eric Gaillard, Pandu Nayak, Satya Nadella's, Amit Mehta, Nayak, Bing, Diane Bartz, Marguerita Choy Organizations: REUTERS, Microsoft, WASHINGTON, Google, The, Thomson

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