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☆ Dollar falls after weak services data
▼ + stars: | 2023-06-05 | by ( Karen Brettell | ) www.reuters.com time to read: +3 min

NEW YORK, June 5 (Reuters) - The dollar fell on Monday on news that the U.S. services sector barely grew in May as new orders slowed, ending an initial rally sparked by strong jobs growth. A reading above 50 indicates growth in the services industry, which accounts for more than two-thirds of the economy. The dollar index fell to 104.00, down 0.13% on the day, after climbing as high as 104.40. The Aussie dollar edged higher before the Reserve Bank of Australia (RBA) is due to announce its interest rate decision on Tuesday. "We expect the RBA to hike tomorrow and guide for more, leading to a ~25-bp upgrade to terminal rate pricing and a sharp AUD rally."

Persons: Bill Adams, Brian Daingerfield, Philip Jefferson, Daingerfield, Wells, Erik Nelson, Jack Boswell, Iain Withers, Kirsten Donovan, Richard Chang Organizations: YORK, Institute for Supply Management, Reuters, Comerica Bank, Reserve, NatWest Markets, Reserve Bank of Australia, U.S ., Thomson Locations: Stamford , Connecticut, U.S, London

☆ Oleksandr Zinchenko returns to Ukraine for first time since war broke out
▼ + stars: | 2023-06-04 | by ( Ben Church | ) edition.cnn.com time to read: +7 min

CNN —Ukrainian soccer star Oleksandr Zinchenko says his first trip back to his home country since the Russian invasion has been hard to comprehend. But in my head, there are a lot of thoughts.”Violence continues to be the reality for many across Ukraine. Rebuilding a schoolBoth Zinchenko and Shevchenko visited the school in Chernihiv Oblast, north of Kyiv, which had been damaged by a Russian missile. “I use every chance in public and using interviews to remind people that the war is still going on in Ukraine,” he says. The meeting was also an opportunity to discuss the charity match, which will see both Zinchenko and Shevchenko lead opposing teams.

Persons: Oleksandr Zinchenko, “ It’s, ”, I’ve, I’m, Volodymyr Zelenskyy –, Andriy Shevchenko, Shevchenko, “, ” Shevchenko, Zinchenko, ” Zinchenko, Volodymyr Zelenskyy, He’s, he’s, “ We’re, Zelensky, ” Zinchekno Organizations: CNN, Arsenal, Premier League, CNN Sport, UNITED, Chelsea’s, Manchester City, Manchester United Locations: Ukrainian, Ukraine, Russian, Chelsea’s Stamford, London, Chernihiv Oblast, Kyiv

May 19 (Reuters) - AIP Capital, the aviation asset management arm of 777 Partners, plans to invest up to $200 million in small and medium aerospace suppliers by the end of next year, at a time when the lower rungs of the supply chain are facing financial difficulties. The investments may include a first lien loan, and a single investment will range between $10 million and $30 million, AIP Capital Managing Partner Mathew Adamo told Reuters in an interview. AIP, which was launched earlier this week, has entered into a servicing agreement with 777 Partners to manage all commercial aircraft owned by the private-equity firm. Stamford, Connecticut-based AIP said supply chain investments would focus on companies in developed countries. It is targeting to raise $300 million to $500 million by the end of this year overall for private credit investments.

☆ Premarket stocks: What happens if the debt ceiling and banking crisis collide?
▼ + stars: | 2023-05-15 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —President Joe Biden said over the weekend that debt ceiling negotiations were moving along and that talks between the White House and House Speaker Kevin McCarthy would resume on Tuesday. It may become more difficult to access credit, further exacerbating the challenges individuals and companies are already facing because of the banking crisis. Before the Bell: What do the ongoing debt ceiling negotiations mean to small and medium businesses? Do you think bank executives and members of the business community can put pressure on Congress and the White House to come to a deal? The White House has estimated more than 8 million jobs would get wiped out if there is a protracted default.

☆ Pickleball is replacing Bed Bath & Beyond and Old Navy at malls
▼ + stars: | 2023-05-13 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN —Pickleball is coming to your local mall, replacing shuttered Bed Bath & Beyond, Old Navy, and Saks Off 5th stores. Malls need new tenants to fill vacant spaces and draw customers beyond their traditional department store anchors and clothing stores. Backers of the game and developers are desperate to find vacant spaces to build courts. The Meadows at Lake Saint Louis, an outdoor mall, plans to fill the space once occupied by Bed Bath & Beyond with a pickleball club. A pickleball facility recently opened in a former Burlington store space at Shore Mall in New Jersey, and a pickleball club took over an Old Navy space at a New Hampshire mall.

☆ Son Heung-min: Tottenham Hotspur and Crystal Palace condemn alleged racial abuse during Premier League game
▼ + stars: | 2023-05-07 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Tottenham Hotspur and Crystal Palace have both condemned alleged racial abuse towards South Korean forward Son Heung-min after the teams faced each other on Saturday. We will not tolerate such behaviour in our club.”In response to an inquiry about Saturday’s game, a spokesperson for London’s Metropolitan Police told CNN that it is investigating allegations of racial abuse. Last August, Chelsea said the club had identified and banned a season ticket holder “indefinitely” after reports emerged that Son was racially abused during a Premier League game at Stamford Bridge. On Sunday, the Premier League said in a tweet that it “condemns all forms of discrimination” and that “no one should have to suffer abuse of the kind received by Heung-Min Son.”Tottenham defeated Crystal Palace 1-0 to move up to sixth in the Premier League table thanks to Harry Kane’s header at the end of the first half. That took Kane to 209 Premier League goals as he moved to second in the league’s all-time scoring list ahead of Wayne Rooney.

☆ Slower US job growth expected in April; unemployment rate seen rising to 3.6%
▼ + stars: | 2023-05-05 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The unemployment rate is forecast to have risen to a still historically low 3.6%. "The labor market is slowly bending, but not breaking," said Sam Bullard, a senior economist at Wells Fargo in Charlotte, North Carolina. "There is continued resilience in the labor market right now, but the trend is one that is continuing to see a decelerating pace of momentum." The service-providing sector likely accounted for most of the anticipated job gains in April. WAGE GAINS MODERATEAverage hourly earnings are expected to have risen by 0.3% in April, matching March's gain.

☆ DC Studios' future begins with Marvel's 'Guardians of the Galaxy Vol 3'
▼ + stars: | 2023-05-04 | by ( Sarah Whitten | ) www.cnbc.com time to read: +15 min

And, for once, the success of a Marvel film could bode well for the future of its longtime adversary. On the theatrical side, DC Studios has announced five new projects that will roll out starting in 2025 with Gunn's own "Superman: Legacy." "And I think Marvel Studios, sooner rather than later, needs to tell us what's going on with Spider-Man." He sees this as the result of predictable plotlines within the genre that are repeated across both studios' films. Marvel Studios

☆ Billionaire Investor Buys Epstein’s Private Islands for $60 Million
▼ + stars: | 2023-05-03 | by ( Matthew Goldstein | ) www.nytimes.com time to read: +1 min

A billionaire investor with ties to the U.S. Virgin Islands paid $60 million to buy Jeffrey Epstein’s island residences off the coast of St. Thomas — closing another chapter in the financial dealings of the disgraced financier who died by suicide in 2019 in a Manhattan jail while awaiting trial on sex-trafficking charges. The investor, Stephen Deckoff, paid roughly 50 percent less than the price Mr. Epstein’s estate listed for the two private islands last year. A portion of the sale proceeds will go toward a $105 million settlement that Mr. Epstein’s estate reached last year with the government of the U.S. territory in the Caribbean. Mr. Deckoff, in a news release, said he planned to build a 25-room resort on the islands. A lawyer for Mr. Epstein’s estate confirmed the sale but declined to comment further.

☆ Tragedy chanting: ‘Vile’ soccer songs about deaths fueled by ‘need to hurt’ opposing fans
▼ + stars: | 2023-05-03 | by ( Matias Grez | ) edition.cnn.com time to read: +8 min

CNN —Described as “vile” and “unacceptable” and fueled by “the need to hurt,” ‘tragedy chanting’ is becoming an increasing concern to soccer authorities. Then, in 1989, overcrowding in the stands ahead of the FA Cup semifinal between Liverpool and Nottingham Forest at Hillsborough Stadium led to the deaths of 97 Liverpool fans. Nottingham Forest fans hold up a banner in memory of the 97 victims of the Hillsborough disaster. The working group has also been in contact with the Crown Prosecution Service (CPS) to discuss whether convictions can be pursued for fans that engage in tragedy chanting. Heysel Stadium Disaster, May 1985.

☆ Brentford deepen Chelsea's slump with 2-0 win at Stamford Bridge
▼ + stars: | 2023-04-26 | by ( William Schomberg | ) www.reuters.com time to read: +2 min

The loss left toothless Chelsea 11th in the Premier League table, stumbling towards possibly their worst campaign since the 1993/94 season - when they finished 14th under Glenn Hoddle - despite their new U.S. owners' huge outlay on players. The three points pushed Brentford up a spot to ninth in the league, eight points ahead of their big-spending west London neighbours for whom this season cannot finish quickly enough. Media reports said Chelsea were close to hiring former Tottenham Hotspur manager Mauricio Pochettino as coach from next season. It doesn’t come in football because the Premier League moves so fast, it’s competitive," the former midfielder who is Chelsea's all-time top scorer, said. Brentford coach Thomas Frank was able to celebrate surpassing his side's points tally for all of last season - their first in the Premier League - with Wednesday's win.

☆ Barca's Putellas back in squad after long-term knee injury
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: 1 min

April 26 (Reuters) - Ballon d'Or winner Alexia Putellas has returned to Barcelona's squad for Thursday's second leg of their women's Champions League semi-final against Chelsea after a knee injury sidelined her for almost 10 months. Putellas, who returned to training at the end of March, last played for Barca in their 6-1 cup final win over Sporting de Huelva in May 2022, before she tore her anterior cruciate ligament and was ruled out of the women's European Championship. The 29-year-old has received the green light to return, Barcelona said on Wednesday, and has been named in the 26-player squad for Thursday's game. Barcelona edged Chelsea 1-0 in the first leg at Stamford Bridge on Saturday after Caroline Graham Hansen's early strike. Reporting by Anita Kobylinska in Gdansk Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

☆ Wolfsburg held 2-2 after Arsenal rally in Champions League semi
▼ + stars: | 2023-04-23 | by ( ) www.reuters.com time to read: +3 min

[1/6] Soccer Football - Women's Champions League - Semi Final - First Leg - VfL Wolfsburg v Arsenal - Volkswagen Arena, Wolfsburg, Germany - April 23, 2023 Arsenal's Rafaelle celebrates scoring their first goal with teammates REUTERS/Cathrin MuellerWOLFSBURG, Germany, April 23 (Reuters) - Twice European champions VfL Wolfsburg let a two-goal lead slip against Arsenal as the visitors fought back to earn a 2-2 draw in Sunday's Women's Champions League semi-final first leg. Unbelievable result to get back from 2-0 down," said Arsenal defender Jen Beattie, who was player of the match. Arsenal looked to recover from the blow but the Germans doubled their lead five minutes later after a defensive mistake. Wolfsburg immediately began piling more pressure on the visitors, with Arsenal boss Jonas Eidevall willing his team to push up as they were forced deeper into their own half. In the other semi-final, Barcelona edged Chelsea 1-0 in the first leg at Stamford Bridge on Saturday.

☆ Women's Champions League: Barcelona takes 1-0 lead over Chelsea in semifinal in front of a record-breaking crowd
▼ + stars: | 2023-04-22 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Barcelona took a step forward to reaching the Women’s Champions League final by defeating Chelsea 1-0 in the first leg of their semifinal clash. In front of 27,697 fans at Stamford Bridge – a record crowd for a women’s Champions League game in the UK – Barcelona took the lead in the fourth minute thanks to Caroline Graham Hansen’s brilliant goal and never relinquished it. But the Blues regrouped after conceding the early goal, engineering chances for Guto Reiten and Sam Kerr, and banishing any thoughts of a similar collapse against Barcelona in the 2021 Champions League final when it lost 4-0. A record-breaking crowd watched Barcelona's victory at Stamford Bridge. Harriet Lander/Chelsea FC/Getty Images“I can’t ask any more of the players,” Chelsea manager Emma Hayes told the club website afterwards.

☆ Rodrygo double eases Real Madrid into semi-finals
▼ + stars: | 2023-04-18 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

Real looked capable of killing the tie whenever they moved forward and Rodrygo, who scored a vital goal against Chelsea at the same stage last year, smashed a shot against the post. Home keeper Kepa Arrizabalaga then beat away a Vinicius Junior effort before Real's master craftsman Luka Modric forced another save from Arrizabalaga. "It was a second yellow card, which means a red, which means 30 minutes with us a man up," Lampard said. Real then switched gears and Rodrygo skipped past Chalobah's wild slide on the right and his cross was eventually played back to him by fellow Brazilian Vinicius Jr to calmly slot home. ($1 = 0.8048 pounds)Writing by Martyn Herman in London Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

☆ Real Madrid beat 10-man Chelsea 2-0 as Benzema strikes again
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +1 min

[1/5] Soccer Football - Champions League - Quarter Finals - First Leg - Real Madrid v Chelsea - Santiago Bernabeu, Madrid, Spain - April 12, 2023 Real Madrid's Karim Benzema celebrates scoring their first goal with teammates REUTERS/Albert GeaMADRID, April 12 (Reuters) - European champions Real Madrid beat 10-man Chelsea 2-0 in their Champions League quarter-final, first leg courtesy of a tap-in by Karim Benzema and a powerful strike by substitute Marco Asensio in the Spanish capital on Wednesday. Benzema, the scourge of Chelsea at the same stage of the competition last season, converted from point blank range in the 21st minute when Kepa Arrizabalaga saved from Vinicius Junior but could only touch the ball in the direction of the Frenchman. Chelsea went close to scoring in the first half through Joao Felix and Raheem Sterling but they were thwarted by Madrid goalkeeper Thibaut Courtois playing against his former club. The win at the Santiago Bernabeu stadium puts the 14-time European champions in the driver's seat ahead of the second leg at Chelsea's Stamford Bridge on April 18. Writing by William Schomberg in London Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

☆ Man City cruise to win over Saints, Newcastle maintain top-four push
▼ + stars: | 2023-04-08 | by ( Martyn Herman | ) www.reuters.com time to read: +6 min

loadingLeaders Arsenal play Liverpool at Anfield on Sunday where the London side seek a first league win since 2012. Manchester United maintained their top-four pursuit while at the bottom there were vital victories for Bournemouth and West Ham United. Leicester City's plight worsened as the 2015-16 Premier League champions suffered a seventh defeat in eight league games as they lost 1-0 at home to Bournemouth to stay 19th. Newcastle's fifth consecutive win moved them up to 56 points from 29 games -- the same as Manchester United who beat Everton 2-0 in Saturday's early kickoff. SON MILESTONETottenham's Son Heung-min scored his 100th Premier League goal with a sublime 10th-minute curler -- the first Asian player to reach that milestone.

☆ Liverpool call for end to 'vile chants' about Hillsborough disaster
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +1 min

[1/2] Soccer Football - Premier League - Chelsea v Liverpool - Stamford Bridge, London, Britain - April 4, 2023 Chelsea's Reece James scores a goal that is later disallowed Action Images via Reuters/Andrew CouldridgeApril 5 (Reuters) - Liverpool have called for an end to "vile chants" about the Hillsborough Stadium disaster after they were heard during Tuesday's goalless Premier League draw with Chelsea at Stamford Bridge. The 1989 FA Cup semi-final was the scene of Britain's worst sporting disaster when 97 Liverpool fans lost their lives after a crush in an over-crowded and fenced-in enclosure. "We know the impact these vile chants have on those who continue to suffer as a result of football tragedies. The Premier League said it condemned the "tragedy chanting" at the match. "We continue to treat this as an unacceptable issue and are seeking to address it as a priority," it added.

☆ Chelsea sack Potter with club 11th in Premier League
▼ + stars: | 2023-04-02 | by ( ) www.reuters.com time to read: +2 min

April 2 (Reuters) - Chelsea have sacked manager Graham Potter, the London club said on Sunday after a string of poor results left the team 11th in the Premier League. "Graham has agreed to collaborate with the club to facilitate a smooth transition," Chelsea said in a statement. "In his time with the club, Graham has taken us to the quarter final of the Champions League, where we will face Real Madrid. "We have 10 Premier League games remaining and a Champions League quarter final ahead. Potter is the 12th manager to be sacked in the Premier League this season and the announcement came hours after relegation-threatened Leicester City parted ways with Brendan Rodgers by mutual agreement.

☆ Wall Street jumps with rosy outlooks from companies
▼ + stars: | 2023-03-29 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

Micron (MU.O) shares shot up 7.2%, boosting the Nasdaq and S&P 500, and leading gains in the PHLX semiconductor index (.SOX), which closed 3.3% higher. Lululemon surges after strong reoprtThe bulk of S&P 500 companies begin reporting on the first quarter in mid-April. On Monday, regional U.S. lender First Citizens BancShares scooped up the assets of Silicon Valley Bank. Michael Barr, Fed Vice Chair for Supervision, told Congress the scope of blame for Silicon Valley Bank's failure stretches across bank executives. The S&P 500 posted 9 new 52-week highs and no new lows; the Nasdaq Composite recorded 69 new highs and 135 new lows.

☆ Big investor in Credit Suisse bonds says 'bail-in' system worked
▼ + stars: | 2023-03-22 | by ( Herbert Lash | ) www.reuters.com time to read: +3 min

The firm's exposure to Credit Suisse AT1s represented 1.32% of Spectrum's assets under management (AUM) on Feb. 28. In 2021 and early 2022 Spectrum held about $400 million of Credit Suisse AT1 bonds, Jacoby said. The Credit Suisse debt represents about 12% of the benchmark for CoCos, a massive slice of the ICE BofA U.S. dollar contingent capital index (.MERCOCO), he said. "We had been paring back in Credit Suisse, had an internal negative outlook for a little over a year." "This is a Credit Suisse event and this is a Swiss bank regulation event, this is not a global disaster for CoCos."

☆ As hawkish Fed pricing goes away, bullish dollar calls fade
▼ + stars: | 2023-03-13 | by ( Karen Brettell | ) www.reuters.com time to read: +4 min

The moves come as investors rush for safe havens and adjust for a less aggressive Fed in the wake of the bank failures. “The market is basically saying that the Fed is done here,” said Mazen Issa, senior FX strategist at TD Securities in New York. Some banks, including Goldman Sachs and NatWest Markets, have also said they no longer expect the Fed to raise rates this month. Traders are also pricing for the Fed to cut rates this year, with the fed funds rate expected to fall to 3.80% in December, from 4.57% now. “From a dollar perspective, that’s very important because the resetting of Fed expectations ever higher was a big part of the dollar rally we had seen before these moves,” he added.

☆ Chelsea coach Potter calls for patience after fresh defeat
▼ + stars: | 2023-02-26 | by ( William Schomberg | ) www.reuters.com time to read: +2 min

Speaking after a 2-0 defeat at the home of arch-rivals Tottenham Hotspur - the 13th time in 15 games in all competitions that Chelsea have failed to win - Potter said he was frustrated and disappointed by the latest setback. Potter also highlighted Liverpool boss Juergen Klopp's inability to halt the slide in form of his side after winning the Champions League and the Premier League in recent years. Potter also faced questions from reporters about his side's inability to score, having found the net only once in their last five league games. The loss of several players through injury and easing them back into action, plus integrating a host of new signings, represented challenges, Potter added. "So as a team, we're just not quite there in terms of how we want it to look and how we want to really function in a good way.

☆ England's prized soccer league to face regulation and tough new ownership rules
▼ + stars: | 2023-02-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Fans of Chelsea Football Club protest against the European Super League outside Stamford Bridge on April 20, 2021 in London, England. LONDON — The U.K. government on Thursday confirmed plans to set up an independent regulator to oversee soccer clubs following a slew of controversies around acquisitions, new tournament plans and allegations of financial rule-breaking. It follows widespread fan opposition to plans for a new European Super League in 2021. Rights groups have previously insisted that potential Premier League club owners should be subjected to human rights probes. Currently, the rules prohibit prospective owners that have previous criminal convictions or breaches of major football regulations.

☆ Former Freepoint Commodities Trader Charged With Bribing Brazilian Officials
▼ + stars: | 2023-02-17 | by ( Dylan Tokar | ) www.wsj.com time to read: +2 min

A former employee of U.S. oil trader Freepoint Commodities LLC and its Brazilian agent were indicted Friday for their alleged role in a scheme to bribe Brazilian officials to win contracts with the country’s state-owned oil company, Petróleo Brasileiro SA. Mr. Innecco, who acted as a broker for the firm, remains at large, the spokesman said. A lawyer for Mr. Oztemel said his client denied the allegations. Mr. Oztemel began working for Stamford, Conn.-based Freepoint around 2012. A spokeswoman for Freepoint, which wasn’t named in the indictment, said Mr. Oztemel had retired from the company more than two years ago.

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