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The outcome in civil court shows Tesla arguments are gaining traction: when something goes wrong on the road, the ultimate responsibility rests with drivers. The electric-vehicle maker also argued it was unclear whether Autopilot was engaged at the time of the crash. During the Riverside trial, an attorney for the plaintiffs showed jurors a 2017 internal Tesla safety analysis identifying "incorrect steering command" as a defect, involving an "excessive" steering wheel angle. The automaker subsequently engineered a system that prevents Autopilot from executing the turn which caused the crash. "I think that anyone is going to have a hard time beating Tesla in court on a liability claim," he said.

Persons: Tesla, Elon Musk, Micah Lee's, Lee, Bryant Walker Smith, Matthew Wansley, Wansley, Eloy Rubio Blanco, Rubio, Sam Abuelsamid, Dan Levine, Hyunjoo Jin, Jonathan Oatis, Richard Chang Organizations: Tesla, Tuesday, Court, Reuters, University of South, Cardozo School of Law, U.S . Department of Justice, Traffic, Administration, Thomson Locations: Riverside County, Los Angeles, University of South Carolina, Riverside

The projections prompted U.S. Treasury debt yields to fall slightly, with the benchmark 10-year yield last at 4.88%. "Interest in today's borrowing projections have been higher than normal," said Thomas Simons, money market economist at Jeffries in New York. Investors awaited the Treasury's quarterly refunding statement on Wednesday for details on which maturities will be increased as the department pursues record borrowing levels. QUARTERLY RECORDSThe reduced $776 billion borrowing estimate would still be a record for any October-December period, exceeding the $689 billion in the 2021 quarter boosted by high COVID-19 relief outlays. In the third calendar quarter of 2023, the Treasury said it borrowed $1.01 trillion and ended that period with a cash balance of $657 billion.

Persons: Rick Wilking, Thomas Simons, Jeffries, Steven Zeng, Wednesday's, Zeng, Karen Brettell, David Lawder, Daniel Burns, Davide Barbuscia, Andrea Ricci, Richard Chang Organizations: REUTERS, U.S . Treasury, Treasury, Investors, Deutsche Bank, Thomson Locations: Westminster , Colorado, U.S, California, New York

☆ Wall St Week Ahead Frazzled U.S. stock investors eye frothy Treasury market as Fed looms
▼ + stars: | 2023-10-28 | by ( David Randall | ) www.reuters.com time to read: +4 min

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. October has lived up to its reputation for volatility, as a surge in Treasury yields and geopolitical uncertainty pressured stocks. Higher Treasury yields are seen as a headwind to stocks, in part because they compete with equities for buyers. More broadly, some believe the stock market's trading patterns this year point to a rebound in the fourth quarter. "The stock market is poised for a late Q4 rally."

Persons: Brendan McDermid, Sam Stovall, CME's, Alex McGrath, Charlie Ripley, Tesla, Stovall, Ned Davis, Randy Frederick, David Randall, Ira Iosebashvili, Richard Chang Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Apple Inc, Treasury, Strong U.S, CFRA Research, Investors, U.S, Gross, Fed, Allianz Investment Management, Google, CFRA, Ned Davis Research, Schwab Center, Financial Research, Thomson Locations: New York City, U.S

[1/3] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 23, 2023. Underlying inflation picked up last month, largely driven by housing costs, a U.S. Commerce Department report showed. The Dow Jones Industrial Average (.DJI) fell 1.12%, the S&P 500 (.SPX) lost 0.48% and the Nasdaq Composite (.IXIC) added 0.38%. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) closed about 1% higher after hitting a fresh 11-month low on Thursday. The yen hit a new one-year low of 150.77 per dollar overnight and was last at 149.59 .

Persons: Brendan McDermid, Jeffrey Roach, Jay Powell, Christine Lagarde, Brent, Lawrence Delevingne, Naomi Rovnick, Stella Qiu, Richard Chang, Alexander Smith, Sandra Maler Organizations: New York Stock Exchange, REUTERS, Global, U.S . Commerce Department, Federal, LPL Financial, Dow Jones, Nasdaq, Intel, Chevron, European Central Bank, Sanofi, . Treasury, Bank of America, ECB, Thomson Locations: New York City, U.S, Charlotte , North Carolina, Asia, Pacific, Japan, Gaza, Boston, London, Sydney

☆ Wall Street ends mixed at close of earnings-packed week
▼ + stars: | 2023-10-27 | by ( Stephen Culp | ) www.reuters.com time to read: +5 min

The benchmark S&P 500 closed 10.28% below its July 31 closing high. InflationMarket participants are nearing the end of a busy earnings week, during which nearly one-third of the companies in the S&P 500 posted third-quarter results. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsAnalysts now expect aggregate annual S&P earnings growth of 4.3%, a sharp improvement over the 1.6% growth seen at the beginning of the month. Among the 11 major sectors of the S&P 500, energy (.SPNY) suffered the steepest percentage drop. The S&P 500 posted no new 52-week highs and 67 new lows; the Nasdaq Composite recorded 10 new highs and 478 new lows.

Persons: Ross Mayfield, Mayfield, Brendan McDermid, advancers, Stephen Culp, Ankika Biswas, Shashwat Chauhan, Sruthi Shankar, Richard Chang Organizations: Intel, Dow, Nasdaq, Amazon.com, Apple, Dow Jones Industrial, Baird, New York Stock Exchange, REUTERS, Semiconductor, Dow Jones, Chevron, Exxon Mobil, Ford, United Auto Workers union, NYSE, Thomson Locations: Louisville , Kentucky, U.S, New York City, Philadelphia, Bengaluru

A screen displays the trading information for Morgan Stanley on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 19, 2022. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsOct 27 (Reuters) - Morgan Stanley (MS.N) gave its incoming CEO Ted Pick and the two other executives considered for the top job one-time bonuses of $20 million each, the bank said in a filing on Friday. The three-decade Morgan Stanley veteran started his career at the bank and came up the ranks to run trading, equity capital markets and fixed income. It is unusual for Wall Street CEO candidates to stay on if they are not selected, and the bonuses offered at Morgan Stanley break from that tradition. Since becoming CEO in 2010, Gorman has transformed Morgan Stanley, creating a wealth management behemoth and making transformative acquisitions of broker E*Trade and asset manager Eaton Vance.

Persons: Morgan Stanley, Brendan McDermid, MS.N, Ted Pick, Pick, Andy Saperstein, Dan Simkowitz, James Gorman, Jan, Morgan, Gorman, Wells, Mike Mayo, Brian Moynihan, Jamie Dimon, Eaton Vance, Tatiana Bautzer, Lananh Nguyen, Manya, Anil D'Silva, Richard Chang Organizations: New York Stock Exchange, REUTERS, Wall Street, Reuters, Bank of America, JPMorgan Chase, Trade, Manya Saini, Thomson Locations: New York City, U.S, New York, Bengaluru

But Johnson told Fox News in an interview late on Thursday that House Republicans want "certain conditions" attached to any stopgap bill. "We need a path forward," said Representative Steve Womack, a senior Republican member of the House Appropriations Committee. Meanwhile, the House and Senate must deal -- in one fashion or another -- with the 12 regular spending bills funding government activities for the fiscal year. For months, many Republicans had opposed such a measure, arguing it simply enshrines spending priorities written last year by Democrats, who controlled the House, Senate and White House. SENATE PROGRESSThe Senate, following long delays imposed by a few Republicans, moved ahead with three of its 12 bipartisan funding bills.

Persons: Kevin Wurm, Mike Johnson, Johnson, Johnson's, Kevin McCarthy, Steve Womack, Womack, Joe Biden, Thomas Massie, Chuck Schumer, Schumer, Hakeem Jeffries, dealmaking, Andy Biggs, Richard Cowan, David Morgan, Scott Malone, Richard Chang, Daniel Wallis Organizations: U.S, Capitol, REUTERS, Rights, U.S . House, Fox News, Republicans, Republican, Democratic, Biden, White, Defense Department, federal Social Security, Top, Christian, Thomson Locations: Washington , U.S, U.S, Israel, Ukraine, Mexico, Washington

"Giselle," the Romantic ballet whose title role Alonso is best known for and performed through her 70s, will cap a special gala on Oct. 28, the anniversary date, at the National Theater of Cuba. "Ballet was never (for the) elite in Cuba," said Leonardo Vinageras, a Havana resident and ballet aficionado who attended a recent anniversary event. A ballet dancer warms up backstage before performing "Giselle" during the 27th Alicia Alonso International Ballet Festival of Havana, at the National Theatre, in Havana, Cuba, October 30, 2022. Alonso founded her namesake National Ballet Academy in Cuba in 1948 soon after becoming a star in the New York company that would become the American Ballet Theatre. Inspired by Fidel Castro, Alonso identified herself with his 1959 revolution and moved permanently to Cuba, becoming allies in popularizing ballet with strong government support for the renamed National Ballet of Cuba.

Persons: Alicia Alonso, Giselle, Alonso, Leonardo Vinageras, Alexandre Meneghini, King Louis XIV, Viengsay Valdés, Carlos Acosta, José Manuel Carreño, Fidel Castro, Grettel Morejon, Anett Rios, Alien Fernandez, Richard Chang, David Sherwood, David Gregorio Our Organizations: Ballet, Communist, National Theater of Cuba, Company, of, National Theatre, REUTERS, Bolshoi, Mariinsky, National Ballet of, National Ballet Academy, New York, American Ballet, National Ballet of Cuba, Thomson Locations: HAVANA, Cuba, Havana, of Havana, National Ballet of Cuba

☆ With House speaker installed, US Congress returns to spending battles
▼ + stars: | 2023-10-26 | by ( Richard Cowan | ) www.reuters.com time to read: +5 min

Meanwhile, House Republicans are pushing for a full plate of 12 separate funding bills to keep agencies running until Sept. 30, 2024, the end of the fiscal year. This rare feat requires close negotiation between the narrowly Republican-controlled House and the Senate, which has a two-vote Democratic majority. But the fiscal warfare between the Senate and conservative House Republicans that has raged since January is unlikely to end soon. Significant changes by Congress to Biden's request for aid to Ukraine and more money for border security were anticipated. Republicans attack Biden's border security spending, saying it falls far short in shutting down illegal border crossings and the flow of drugs such as fentanyl.

Persons: Kevin Wurm, Mike Johnson, Joe Biden, Johnson, Kevin McCarthy, John Kennedy, Chuck Schumer, Schumer, Tom Cole, Cole, Nanette Diaz Barragan, Joe Manchin, Manchin, Kennedy, Richard Cowan, Scott Malone, Richard Chang Organizations: U.S, Capitol, REUTERS, Rights, House, Republicans, Congress, Democratic, Republican, Senate, Biden, federal Social Security, House Republicans, Congressional, Thomson Locations: Washington , U.S, Israel, Ukraine, U.S, Mexico, Washington, Taiwan, West Virginia

☆ AI boom could feed precious metals' demand - Metals Focus
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

Ingots of 99.99 percent pure silver are placed in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File photo Acquire Licensing RightsOct 25 (Reuters) - The artificial intelligence (AI) boom could support industrial demand for precious metals next year, although high interest rates and economic concerns may be near-term headwinds, Metals Focus said on Wednesday. Since most components used in conjunction with AI devices are sophisticated, "we expect to see widespread support for a range of precious metals bearing components," Metals Focus said in a note to investors. To cope with the evolution of AI algorithms, shipping growth for AI servers and switches will rise by double digits over the next few years and stimulate precious metals demand, Metals Focus said. Spot gold prices have climbed about 9% in the past two weeks, mainly fueled by safe-haven inflows triggered by the Israel-Hamas conflict, providing a tailwind for other precious metals as well.

Persons: Alexander Manzyuk, ChatGPT, Ashitha Shivaprasad, Arpan Varghese, Richard Chang Organizations: REUTERS, Metals, Nvidia, Thomson Locations: Novosibirsk, Siberian, Russia, Israel, Bengaluru

☆ White House to unveil AI executive order on Monday -reports
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

A general view of the White House in the hours before U.S. President Joe Biden delivers the annual State of the Union speech in Washington, U.S. February 7, 2023. REUTERS/Jonathan Ernst/File photo Acquire Licensing RightsWASHINGTON, Oct 25 (Reuters) - U.S. President Joe Biden's administration is expected to unveil its long-awaited artificial intelligence executive order on Monday, according to media reports. The Washington Post, citing several people familiar with the matter, on Wednesday said the order would require "advanced AI models to undergo assessments before they can be used by federal workers." Axios also reported on the expected order, citing an invitation it obtained for a White House event scheduled for Monday afternoon and multiple unnamed sources familiar with the planned announcement. The White House did not immediately respond to a request for comment.

Persons: Joe Biden, Jonathan Ernst, Joe Biden's, Axios, Kanishka Singh, Susan Heavey, Chris Sanders, Richard Chang Organizations: White, U.S, State of, REUTERS, Rights, Washington, Thomson Locations: State, Washington , U.S, United States, Washington

☆ Genesis says NY AG lawsuit may force "no deal" bankruptcy liquidation
▼ + stars: | 2023-10-24 | by ( Dietrich Knauth | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNEW YORK, Oct 24 (Reuters) - Crypto lender Genesis Global said on Tuesday a New York civil fraud lawsuit could lead to a bankruptcy liquidation that does not resolve its claims against parent company Digital Currency Group (DCG). Rather than await the outcome of the lawsuit, Genesis intends to propose a "no deal" bankruptcy plan to distribute available crypto assets to customers and set up a process to preserve litigation claims against DCG and others, Genesis attorney Sean O'Neal said at a court hearing in New York. "It's not an easy decision, but it is an obvious decision," he told U.S. Bankruptcy Judge Sean Lane. Genesis believes creditors would be better off under a bankruptcy plan that includes a DCG settlement, but the company is running out of time to finalize a plan and send it to creditors for a vote, O'Neal said. Genesis Global filed for bankruptcy in January after the collapse of key counterparties including FTX caused it to freeze customer redemptions in November 2022.

Persons: Dado Ruvic, Letitia James, Genesis, DCG, Sean O'Neal, Sean Lane, O'Neal, litigate Genesis's, Mark Zuckerberg, Dietrich Knauth, Richard Chang Organizations: REUTERS, Genesis Global, Digital Currency Group, . New York, Gemini, U.S, New York, Meta, Thomson Locations: York, ., New York

A Tesla logo is seen outside a showroom of the carmaker in Beijing, China May 31, 2023. The jury trial, in a California state court, featured testimony from one Tesla employee about Autopilot that the company repeatedly asked to be kept hidden from the public. The lawsuit, filed against Tesla by the passengers, accuses the company of knowing that Autopilot and other safety systems were defective when it sold the car. The electric-vehicle maker also claims it was unclear whether Autopilot was engaged at the time of the crash. But plaintiff lawyers cited testimony from Tesla engineer Eloy Rubio Blanco, who acknowledged during the trial that Tesla understood software on the car could have latent defects.

Persons: Thomas Peter, Micah Lee's, Lee, Tesla, Elon Musk, Eloy Rubio Blanco, Rubio, Dan Levine, Richard Chang Organizations: REUTERS, Tesla, Thomson Locations: Beijing, China, California, Los Angeles

☆ Ancient Amazon River rock carvings exposed by drought
▼ + stars: | 2023-10-23 | by ( Suamy Beydoun | ) www.reuters.com time to read: +2 min

[1/5] A view of ancient stone carvings on a rocky point of the Amazon river that were exposed after water levels dropped to record lows during a drought in Manaus, Amazonas state, Brazil October 23, 2023. Some rock carvings had been sighted before but now there is a greater variety that will help researchers establish their origins, archaeologist Jaime de Santana Oliveira said on Monday. One area shows smooth grooves in the rock thought to be where Indigenous inhabitants once sharpened their arrows and spears long before Europeans arrived. The rocky point is called Ponto das Lajes on the north shore of the Amazon near where the Rio Negro and Solimoes rivers join. Reporting by Suamy Beydoun; Writing by Anthony Boadle; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Suamy, Jaime de Santana Oliveira, Oliveira, Suamy Beydoun, Anthony Boadle, Richard Chang Organizations: REUTERS, Rights, Rio Negro, National Historic, Artistic Heritage Institute, Thomson Locations: Manaus, Amazonas, Brazil, Rights MANAUS

☆ Canada says China-linked 'Spamouflage' campaign targeted lawmakers, PM Trudeau
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

Canada's Prime Minister Justin Trudeau speaks in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada October 3, 2023. REUTERS/Blair Gable/File Photo Acquire Licensing RightsOTTAWA, Oct 23 (Reuters) - The Canadian government said on Monday it detected a China-linked "Spamouflage" campaign that involved bots posting disinformation and propaganda on the social media accounts of members of parliament, including Prime Minister Justin Trudeau. The Spamouflage campaign, using networks of new and hijacked social media accounts to post bulk messages, took place in August and September, and targeted dozens of MPs from across the political spectrum, the foreign ministry said in a statement. Ottawa has also accused Beijing of trying to interfere in its affairs through various schemes, including illegal police stations and the targeting of lawmakers. In September, the Trudeau government announced an independent public inquiry into allegations of attempted foreign meddling by China, Russia and others.

Persons: Justin Trudeau, Blair Gable, Trudeau, Ismail Shakil, Richard Chang Organizations: Canada's, REUTERS, Rights OTTAWA, Canadian, Facebook, Thomson Locations: Ottawa , Ontario, Canada, China, U.S, Ottawa, Beijing, Russia

☆ Ancient Amazon River Rock Carvings Exposed by Drought
▼ + stars: | 2023-10-23 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

By Suamy BeydounMANAUS, Brazil (Reuters) - Human faces sculpted into stone up to 2,000 years ago have appeared on a rocky outcropping along the Amazon River since water levels dropped to record lows in the region's worst drought in more than a century. Some rock carvings had been sighted before but now there is a greater variety that will help researchers establish their origins, archaeologist Jaime de Santana Oliveira said on Monday. One area shows smooth grooves in the rock thought to be where Indigenous inhabitants once sharpened their arrows and spears long before Europeans arrived. The rocky point is called Ponto das Lajes on the north shore of the Amazon near where the Rio Negro and Solimoes rivers join. (Reporting by Suamy Beydoun; Writing by Anthony Boadle; Editing by Richard Chang)

Persons: Jaime de Santana Oliveira, Oliveira, Suamy Beydoun, Anthony Boadle, Richard Chang Organizations: Beydoun, Rio Negro, National Historic, Artistic Heritage Institute Locations: Beydoun MANAUS, Brazil

☆ Wall St ends sharply lower, posts weekly losses; Mideast fears increase
▼ + stars: | 2023-10-20 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

All of the S&P 500 index's 11 sectors ended lower in broad-based selling, with technology (.SPLRCT) and financials (.SPYS) among the biggest drags. The S&P 500 financial index (.SPSY) was down 1.6% while the KBW regional banking index (.KRX) fell 3.5%. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsFor the week, the Dow was down 1.6%, the S&P 500 fell 2.4% and the Nasdaq slid 3.2%. The third-quarter U.S. earnings season is well under way, with 86 companies in the S&P 500 having reported. The S&P 500 posted no new 52-week highs and 38 new lows; the Nasdaq Composite recorded nine new highs and 420 new lows.

Persons: Alan Lancz, Alan B, Lancz, Jerome Powell, Brendan McDermid, Dow, advancers, Caroline Valetkavitch, Shubham Batra, Shashwat Chauhan, Arun Koyyur, Vinay Dwivedi, Richard Chang Organizations: Treasury, Dow, Nasdaq, Lancz, Associates Inc, Regions, Federal, Dow Jones, Wall, REUTERS, American Express, NYSE, Thomson Locations: Israel, Gaza, Toledo , Ohio, U.S, New York, Bengaluru

☆ Wall St ends sharply lower with tech, financials; Mideast fears increase
▼ + stars: | 2023-10-20 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +2 min

A street sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021. All of the S&P 500 index's 11 sectors fell in broad-based selling. The KBW regional banking index (.KRX) was down sharply, while shares of Regions Financial (RF.N) slid to their lowest since March 2020. The benchmark 10-year Treasury yield fell on Friday, a day after crossing 5% for the first time since July 2007 in the wake of comments by Federal Reserve Chair Jerome Powell. The third-quarter U.S. earnings season is well under way, with 86 companies in the S&P 500 having reported.

Persons: Brendan McDermid, Alan Lancz, Alan B, Jerome Powell, Lancz, Caroline Valetkavitch, Shubham Batra, Shashwat Chauhan, Arun Koyyur, Vinay Dwivedi, Richard Chang Organizations: Wall, REUTERS, Treasury, Major U.S, Regions, Lancz, Associates Inc, Federal, Nasdaq, Dow Jones, Thomson Locations: New York, U.S, Major, Israel, Toledo , Ohio, Gaza, Bengaluru

It is also a blow to the ethanol industry, which sees CCS as key to cutting emissions from producing the fuel. The Navigator project would have laid 1,300 miles (2,092 km) of pipeline across five states. Residents along the route expressed concern to state regulators about potential safety risks if the pipeline should leak and about harm to their land from construction. Another major CCS pipeline project proposed by Summit Carbon Solutions has also faced setbacks amid landowner concerns, including permit denials in South and North Dakota. Summit recently said its pipeline will start operating in 2026, a delay from its initial timeline of 2024.

Persons: Joe Biden's, Jess Mazour, Leah Douglas, Richard Chang, Rod Nickel Organizations: Ventures, Heartland, South, Navigator, Sierra Club, CCS, Summit Carbon Solutions, Summit, Thomson Locations: Windsor , Colorado, Midwest, U.S, South Dakota, Iowa, Illinois, Iowa , Nebraska, South, North Dakota

☆ Brazil's Lula vetoes bill restricting Indigenous land claims
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

"The president vetoed everything that was unconstitutional and not consistent with our Indigenous peoples policy," his Institutional Relations Minister Alexandre Padilha announced. "The important thing is that Indigenous rights are guaranteed by the veto," she said at a news conference with Padilha after a meeting with Lula to decide the matter. Indigenous communities across the country claim land that farmers have settled and developed, in some cases for decades. Farmers have said the bill would ensure greater legal security of their land ownership, curtailing land conflicts. Minister Guajajara responded in an interview with Reuters that it would undermine the ancestral land rights of Indigenous people and threaten their way of life, and she urged Lula to veto it completely.

Persons: Sonia Guajajara, Adriano Machado, Luiz Inacio Lula da Silva, Alexandre Padilha, Brazil's, Lula, Guajajara, Anthony Boadle, David Gregorio, Richard Chang Organizations: Indigenous, National, REUTERS, Rights, Institutional, Padilha, Farmers, Reuters, Thomson Locations: Brasilia, Brazil, Rights BRASILIA

☆ Italy picks UBS, Jefferies, Clifford Chance for MPS privatisation
▼ + stars: | 2023-10-20 | by ( Giuseppe Fonte | ) www.reuters.com time to read: +2 min

People pass in front of a branch of Monte dei Paschi di Siena (MPS) bank in Siena, Italy, August 11 2021. REUTERS / Jennifer Lorenzini/File Photo Acquire Licensing RightsROME, Oct 20 (Reuters) - Italy's Treasury said on Friday it had picked UBS (UBSG.S) , Jefferies and Clifford Chance as financial and legal advisers for the privatisation of bailed-out bank Monte dei Paschi di Siena (MPS) (BMPS.MI). After a failed attempt to sell the Tuscan lender to larger peer UniCredit (CRDI.MI) in 2021, Italy agreed to Brussels' new privatisation terms that were never fully disclosed. However, Economy Minister Giancarlo Giorgetti said this week MPS could return to private hands by the end of next year. Both Giorgetti and Prime Minister Giorgia Meloni have said in recent months that the government would try to boost competition among Italy's banks with the privatisation of MPS.

Persons: Jennifer Lorenzini, Jefferies, Clifford Chance, Giancarlo Giorgetti, Giorgia Meloni, Gavin Jones, Richard Chang Organizations: REUTERS, Rights, Treasury, UBS, European Union, MPS, Banco, Reuters, Thomson Locations: Monte dei, Siena, Italy, Rome, Brussels

☆ Fed's Bostic: Lowering inflation still main US central bank mission
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. REUTERS/Clodagh Kilcoyne/File Photo Acquire Licensing RightsNEW YORK, Oct 19 (Reuters) - Federal Reserve Bank of Atlanta President Raphael Bostic said on Thursday that controlling inflation is still the U.S. central bank's mission, although he did not say what that means for monetary policy. Bostic said economic disparities built up over a long period and will not be eliminated quickly. He also said monetary policy is limited in helping reduce these imbalances. "Monetary policy can help create broad conditions conducive to sustaining economic expansions," Bostic said.

Persons: Federal Reserve Bank of Atlanta Raphael, Bostic, Clodagh, Raphael Bostic, Michael S, Richard Chang Organizations: Federal Reserve Bank of Atlanta, REUTERS, New School, Thomson Locations: Dublin, Ireland, U.S, New York

[1/2] Venezuelan journalist Roland Carreno of the opposition party Popular Will is being greeted by family members and colleagues after he was released from prison, in Caracas, Venezuela October 19, 2023. REUTERS/Luis Gonzalo Perez Acquire Licensing RightsCARACAS, Oct 19 (Reuters) - Five people jailed in Venezuela, including well-known opposition figures, have been released, the opposition said around midnight on Thursday, following a deal with the government of President Nicolas Maduro and Washington's demand that certain prisoners be freed. Three U.S. citizens are still wrongfully detained in Venezuela, United States Assistant Secretary of State for Western Hemisphere Affairs Brian A. Nichols said on Thursday. A U.S. State Department official said on Wednesday he expects movement in the near term on releases of wrongfully detained Americans. For years the opposition has urged the government to free over 200 people that human rights organization Foro Penal considers political prisoners.

Persons: Roland Carreno, Luis Gonzalo Perez, Nicolas Maduro, Joe Biden's, Washington, Antony Blinken, Venezuela's, Gerardo Blyde, Juan Gonzalez, Jorge Rodriguez, Will, Juan Requesens, Blyde, Carreno, Maria Corina Machado, Western Hemisphere Affairs Brian A, Nichols, Eyvin Hernandez, Jerrel Kenemore, Joseph Ryan Cristella, Hernandez, Cristella, Requesens, Mayela Armas, Vivian Sequera, Matt Spetalnick, Marianna Parraga, Natalia Siniawski, Julia Symmes Cobb, Inti Landauro, Deborah Kyvrikosaios, Barbara Lewis, Jonathan Oatis, Richard Chang, Rod Nickel Organizations: REUTERS, Rights, Trump, Venezuelan, U.S, First, State Department, Reuters, United States, State, Western Hemisphere Affairs, U.S . State Department, Foro Penal, Maduro, Thomson Locations: Venezuelan, Caracas, Venezuela, Rights CARACAS, Bolivarian Republic, Maduro's, Three U.S, Los Angeles, Texas, Colombia, U.S

AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 19 - Artificial Intelligence startup Imbue said on Thursday it has secured an additional $12 million in follow-on funding to its Series B round, bringing its total raised to over $210 million in cash. In September, Imbue announced its Series B round of $200 million at a valuation of over $1 billion. Imbue is focused on creating a model for enabling so-called autonomous agents, AI systems which promise to perform more sophisticated personal and work tasks such as meeting scheduling or complex data analysis, without close supervision. The key to AI systems that can perform large-scale, real-world tasks is creating AI that has better reasoning capabilities, Imbue CEO Kanjun Qiu said in an interview.

Persons: Dado Ruvic, Eric Schmidt, Imbue, Kanjun Qiu, Qiu, Anna Tong, Richard Chang Organizations: REUTERS, Intelligence, Alexa Fund, Google, Microsoft, Thomson Locations: San Francisco

☆ US stocks end sharply lower, crude jumps on Middle East tensions
▼ + stars: | 2023-10-18 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNEW YORK, Oct 18 (Reuters) - Wall Street stocks tumbled and crude prices surged on Wednesday as escalating Middle East turmoil prompted a broad sell-off and stoked oil supply concerns. European stocks slid, ending down 1.1% due to deepening fears over the Middle East conflict and as a downbeat forecast for the semiconductor sector weighed on sentiment. Emerging market stocks lost 0.95%. Oil prices advanced as the mounting strife in the Middle East appeared to pose a growing threat to supply. The greenback advanced against a basket of world currencies as market participants kept a watchful eye on developments in the Middle East.

Persons: Andrew Kelly, Joe Biden, Greg Bassuk, Bassuk, Morgan Stanley, Brent, homebuilding, Sterling, Gold, Stephen Culp, Amanda Cooper, Christina Fincher, Leslie Adler, Richard Chang Organizations: REUTERS, Nvidia, Tesla Inc, Nasdaq, U.S, AXS Investments, Investors, Procter, Gamble, Dow Jones, Japan's Nikkei, greenback, Thomson Locations: Manhattan , New York City, U.S, Israel, Gaza, China, New York, Beijing, Asia, Pacific, Japan, London

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