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☆ Capital outflows likely 'temporary', Taiwan can keep markets stable-finmin
▼ + stars: | 2022-09-28 | by ( Karen Lema | ) www.reuters.com time to read: +3 min

MANILA, Sept 28 (Reuters) - Capital outflows are a "temporary phenomenon" and Taiwan, with its foreign currency reserves, has enough capacity to maintain its financial markets stable, Finance Minister Su Jain-rong said on Wednesday. Register now for FREE unlimited access to Reuters.com Register"So the capital outflow maybe is just a temporary phenomenon. Foreign investors sold $33.8 billion worth of stocks as of the end of August, according to Taiwan's stock exchange. With $545.48 billion in foreign exchange reserves as of August, Taiwan has ample capital to support the currency and economy if needed. Su said Taiwan - which participates in the bank as "Taipei, China" despite the government's objections - hoped a Chinese attack would not happen.

☆ The electric vehicle boom depends on mining. Rivian's new chief sustainability officer is tasked with making it responsible.
▼ + stars: | 2022-09-28 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

Demand for metals like lithium and cobalt could jump sixfold alongside the electric vehicle boom. Rivian hired Anisa Kamadoli Costa to lead its climate strategy, including responsible mining. But that doesn't mean electric vehicle makers don't have their own set of climate and social challenges. "Traceability is the best means to transparency and to understanding one's social and environmental impact," Costa said during an Insider event moderated by Catherine Boudreau, senior sustainability reporter. Costa helped craft such a standard during her two decades as Tiffany & Co.'s chief sustainability officer.

Index investors tend to favour international settlement platforms such as Euroclear but India has said it wants to settle bonds onshore, like China. GLOBAL AMBITIONIndia has sought to be included in global bond indexes since 2013, but that ambition has been held up by a number of factors over the years, and JP Morgan only began considering India's inclusion in its global bond index in 2021. If successful, India would be the last major emerging market to be added to the JP Morgan index. Its inclusion could result in additional flows of as much as $30 billion within 10 months into the Indian government bond market, Morgan Stanley estimated earlier this month. Most of JPMorgan's index investors are in favour of including India in the index, but think issues such as investor verification and settlement rules need to be ironed out first, three of the sources said.

Residents who evacuated from their flooded homes sit on a roadside after Super Typhoon Noru, in San Ildefonso, Bulacan province, Philippines, September 26, 2022. REUTERS/Eloisa LopezHANOI, Sept 27 (Reuters) - Vietnam urged more people on Tuesday to evacuate as an intensifying Typhoon Noru barrelled towards the southeast Asian nation, after causing at least eight deaths and widespread flooding in the Philippines. The typhoon forced airports in Vietnam to close, causing travel disruption, while thousands were forced to evacuate their homes, according to official statements. Typhoon Noru, the strongest storm to hit the Philippines this year, also damaged 1.53 billion pesos ($26 million) worth of crops, government data showed. read more"There are still areas with floods," Daniel Fernando, governor of Bulacan province north of the capital, told DZRH.

☆ U.S. VP Harris set to visit Korean DMZ after Kim's missile test
▼ + stars: | 2022-09-27 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +3 min

U.S. Vice President Kamala Harris holds a bilateral meeting with South Korea's Prime Minister Han Duck-soo (not pictured) in Tokyo, Japan September 27, 2022. Harris' visit was publicly confirmed by South Korean Prime Minister Han Duck-soo during a meeting with the U.S. vice president in Tokyo and was later confirmed by a U.S. official. Harris would tour the DMZ, meet with service members, receive an operational briefing from U.S. commanders, reflect on the shared sacrifice of American and South Korean soldiers and reaffirm the "ironclad" commitment to South Korean security, the official added. "Your visit to the DMZ and Seoul will be very symbolic demonstrations of your strong commitments to security and peace on the Korean Peninsula," Han said. North Korea says it maintains its sovereign right to self defence, and has accused both the United States and South Korea of a hostile posture to the country.

A portrait of Shinzo Abe hangs above the stage during the state funeral for Japan's former prime minister Shinzo Abe on September 27, 2022 at the Budokan in Tokyo, Japan. Several current and former heads of state visited Japan for the state funeral of Abe, who was assassinated in July while campaigning on a street. read moreIn one part of downtown Tokyo, protesters waved signs and chanted "No state funeral" to the tune of a guitar. DIVISIVE FIGUREJapan's longest-serving prime minister was a divisive figure who was dogged by scandals. read moreThe state funeral for Abe, who received a private funeral days after his assassination, was the first for an ex-premier since one in 1967 for former Prime Minister Shigeru Yoshida.

☆ Oil prices fall for a second day on concerns for expected recession
▼ + stars: | 2022-09-26 | by ( Mohi Narayan | ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/IllustrationSept 26 (Reuters) - Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected global recession sparked by rising worldwide interest rates and as a surging U.S. dollar limits the ability of non-dollar consumers to purchase crude. U.S. West Texas Intermediate (WTI) crude futures for November delivery dropped $1.15, or 1.46%, to $77.59 a barrel. Sachdeva expects WTI prices could find a floor at $75 a barrel, while for Brent $80 will act as a cushion. The disruptions in the oil market from the Russia-Ukraine war, with European Union sanctions banning Russian crude set to start in December, has lent some support to prices. Additionally, Hardy told an oil conference in Singapore that more than a million barrels per day (bpd) of U.S. crude is expected to go to Europe to fill the gap in Russian supplies.

Mackay, 60, will be retiring next year after serving as GSK's finance chief for nearly four years, following an eight-year stint as group finance director at the bank HSBC. Register now for FREE unlimited access to Reuters.com RegisterBrown, also 60, will join GSK in April and take up the job in May. She also served in several finance roles at AstraZeneca (AZN.L), which last year also appointed a female CFO, Aradhana Sarin. With Emma Walmsley as GSK's chief executive officer, Brown's appointment also creates a rare, all-female top management at a blue-chip (.FTSE) British company and a global pharma major. Brown will receive an annual base salary of more than 900,000 pounds at GSK, the company said.

☆ Oil claws back some losses but strong dollar caps gains
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +2 min

Model of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022. REUTERS/Dado Ruvic/IllustrationMELBOURNE, Sept 26 (Reuters) - Oil prices rose modestly in early trade on Monday after sliding to eight-month lows last week weighed down by a surging U.S. dollar and fears sharp interest rate hikes globally would spark a recession and hit fuel demand. The dollar index climbed to a fresh 20-year high on Monday, capping oil price gains. "It's still going to be challenging for the market to find that oil to replace Russian supply," Dhar said. Data last week showed OPEC+ fell short of its output target by 3.58 million barrels per day in August, a bigger shortfall than in the previous month.

☆ Morning Bid: Pounded
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +2 min

Pound and U.S. dollar banknotes are seen in this illustration taken January 6, 2020. On Friday, gilts suffered their heaviest selling in decades, and before that, the yen and U.S. interest rate futures have been roiled. Global tension is also mounting over the war in Ukraine, as Russia holds widely-criticised votes aimed at annexing territory it has taken by force. Besides sterling, Asian stock markets fell on Monday. European futures fell 0.3% and S&P 500 futures fell 0.6%.

☆ S.Korea's Yoon says 'untrue' media reports damage alliance amid hot mic controversy
▼ + stars: | 2022-09-26 | by ( Hyonhee Shin | ) www.reuters.com time to read: +2 min

South Korean President Yoon Suk-yeol takes part in a wreath laying ceremony at the National War Memorial in Ottawa, Ontario, Canada September 23, 2022. REUTERS/Blair GableSEOUL, Sept 26 (Reuters) - South Korean President Yoon Suk-yeol said on Monday "untrue" media reports over his remarks threatened to damage relations with the United States after he was caught cursing on a hot mic during his visit to New York last week. read moreIn the highest profile controversy, Yoon was caught cursing on a hot mic as he left an event in New York on Wednesday after a brief chat with U.S. President Joe Biden. "What an embarrassment ... if these bastards refuse to approve it in parliament," Yoon told Foreign Minister Park Jin in a video aired by South Korean broadcasters, which went viral on social media. His press secretary, Kim Eun-hye, dismissed the allegations, saying Yoon was referring to the South Korean parliament without mentioning Biden.

Register now for FREE unlimited access to Reuters.com RegisterGSK (GlaxoSmithKline) logo is seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/SummarySummary Companies Brown to join GSK in AprilIain Mackay to retire in MaySept 26 (Reuters) - Britain's GSK (GSK.L) has appointed its first female chief financial officer, Julie Brown, to succeed Iain Mackay, as the drugmaker focuses on its core pharmaceuticals business. With Emma Walmsley as GSK's chief executive, Brown's appointment also creates a rare, all-female top management at a blue-chip (.FTSE) British company and a global pharma major. Mackay, 60, will retire next year after almost four years as GSK's finance chief, before which he completed an eight-year stint as group finance director at HSBC. She also served in several finance roles at AstraZeneca (AZN.L), which last year appointed a female CFO, Aradhana Sarin.

☆ Factbox: The worst hurricanes in Florida's history as Ian takes aim
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +3 min

As Florida braces for Hurricane Ian, here are the five of the most deadly and destructive hurricanes to hit the state in recent years, listed in chronological order. While Hurricane Katrina in 2005 traveled across the southern tip of Florida, most of the deaths and destruction it caused were in New Orleans. Register now for FREE unlimited access to Reuters.com RegisterExcluding Katrina, Hurricane Irma was the costliest in Florida history, with total U.S. damage from the storm estimated at $50 billion. Andrew ranked as the most expensive storm in U.S. history until Hurricane Katrina raged through New Orleans in 2005. It left 6.5 million customers without power in the state and caused an estimated $50 billion in property damage, making it one of the costliest hurricanes in U.S. history.

☆ Fights over political lines have fueled the aging of America's government. But that may be changing.
▼ + stars: | 2022-09-25 | by ( Grace Panetta | Walt Hickey | ) www.businessinsider.com time to read: +15 min

Redistricting and fights over political lines have fueled the aging of America's government. Republican Rep. Adam Kinzinger of Illinois outside a January 6 committee hearing on June 13, 2022. Partisan gerrymandering, the redrawing of political district lines to favor one political party over the other, has gotten increasingly tactical. In all, 14 House incumbents lost renomination in 2022, the highest number in a single cycle since 1992. If you're a Democrat in a Republican district, your days are probably numbered."

☆ New China ETFs test investor appetite amid Sino-U.S. tech war, market rout
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Aly SongSHANGHAI, Sept 23 (Reuters) - Five Chinese tech-focused ETFs launched on Friday, testing investor appetite for chipmakers, new materials producers and machine tool manufacturers amid an escalating Sino-U.S. tech war, and a global rout in tech shares. Two of the ETFs will invest money into the stocks of the 50 biggest chipmakers listed on Shanghai's STAR Market, including Semiconductor Manufacturing International Corporation (SMIC) (0981.HK) and Montage Technology Co (688008.SS). read moreIt also comes amid heightened geopolitical tensions and tech rivalries between China and the United States. The Biden administration took fresh steps in recent weeks to support domestic tech sectors and cut economic reliance on China, sending shares in Chinese biotech and new energy lower. Shanghai's tech-focused STAR Market - which Beijing hopes will fund China's tech self-sufficiency - has tumbled roughly 30% this year.

☆ Son's late free kick earns South Korea draw with Costa Rica
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterSept 23 (Reuters) - Son Heung-min's late free kick earned South Korea a 2-2 draw with fellow World Cup qualifiers Costa Rica in a friendly international in Goyang on Friday. Register now for FREE unlimited access to Reuters.com RegisterSon and Kwon Chang-hoon both saw efforts cleared off the line within seconds of each other as the home side sought a second before Costa Rica levelled with four minutes left in the half. Bennette added a second for the Costa Ricans in the 63rd minute when he slotted in from close range after Kim Seung-gyu had saved Anthony Contretas' initial header. South Korea will take on Uruguay, Ghana and Portugal at the World Cup while the Costa Ricans have been drawn to face Japan, Germany and Spain. Register now for FREE unlimited access to Reuters.com RegisterReporting by Michael Church in Hong Kong, editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.

☆ Take Five: Intervention watch is here
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +5 min

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. Election results from Italy, euro area inflation numbers and U.S. and Chinese data also give investors plenty to chew over. Japan's authorities finally had enough of a weak yen and intervened to stem a sharp decline against the dollar. Investors have already ramped up expectations for another 75 bps, ECB rate hike in October, so the data shouldn't change the near-term rate outlook. How a new government navigates an energy crunch that is pushing highly-indebted Italy into recession will also be under scrutiny.

☆ Hong Kong will scrap COVID hotel quarantine from Sept. 26
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +4 min

Travellers queue up for shuttle bus to quarantine hotels at the Hong Kong International Airport, amid the coronavirus disease (COVID-19) pandemic, in Hong Kong, China, August 1, 2022. REUTERS/Tyrone SiuHONG KONG, Sept 23 (Reuters) - Hong Kong will scrap its controversial COVID-19 hotel quarantine policy for all arrivals from Sept. 26, more than 2.5 years after it was first implemented, in a long-awaited move for many residents and businesses in the financial hub. The former British colony is a global outlier outside mainland China in imposing hotel quarantine for international arrivals, in line with the country's "dynamic zero" COVID strategy. Both events have been widely seen as a bid to show that Hong Kong can resume business as usual. Hong Kong has reported more than 1.7 million COVID infections and 9,934 deaths since the pandemic began.

☆ Kamada and Mitoma strike as Japan breeze past United States
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +2 min

Jesus Ferreira's early header had sailed over the bar from Sergino Dest's cross in an encouraging start for the United States, but that was to prove a rare sight of goal for Gregg Berhalter's side. Arsenal goalkeeper Turner ensured the United States were not on the end of a heavier defeat with a string of fine saves in the second half. The 28-year-old kept out a 55th minute effort from Junya Ito before denying Kamada a second of the game 10 minutes later. But there was nothing Turner could do to prevent Mitoma from adding Japan's second in the 88th minute. The Japanese will be appearing at their seventh consecutive World Cup in November and have been drawn to face Germany, Spain and Costa Rica in the group phase while the United States meet England, Iran and Wales.

☆ China's biggest lake declares 'red alert' as long drought lingers
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +2 min

An aerial view shows a tributary stream running through the dried-up flats of Poyang Lake that stands at record-low water levels as the region experiences a drought, outside Nanchang, Jiangxi province, China, August 28, 2022. REUTERS/Thomas Peter/FilesSHANGHAI, Sept 23 (Reuters) - The central Chinese province of Jiangxi has declared a water supply "red alert" for the first time after the Poyang freshwater lake, the country's biggest, dwindled to a record low, the Jiangxi government said on Friday. The Poyang Lake, normally a vital flood outlet for the Yangtze, China's longest river, has been suffering from drought since June, with water levels at a key monitoring spot falling from 19.43 metres to 7.1 metres over the last three months. The Jiangxi Water Monitoring Centre said Poyang's water levels would fall even further in coming days, with rainfall still minimal. Register now for FREE unlimited access to Reuters.com RegisterReporting by David Stanway; Editing by Ana Nicolaci da CostaOur Standards: The Thomson Reuters Trust Principles.

☆ Japan 'most certainly' will intervene in FX market if needed -top FX diplomat
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterA Japan yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration/File PhotoTOKYO, Sept 22 (Reuters) - Japan has not intervened in the currency market yet but will "most certainly" do so when necessary, the country's top currency diplomat, Masato Kanda, said on Thursday. "Markets are making very volatile moves," Kanda, vice finance minister for international affairs, told reporters. "We cannot tolerate excess volatility and disorderly currency moves," he said when asked about the yen's recent slide to fresh 24-year lows. Kanda declined to comment, when asked whether authorities conducted rate checks in the foreign exchange market.

☆ German police storm estate of Russian oligarch Usmanov - media reports
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterRussian President Vladimir Putin (L) shakes hands with Russian businessman and founder of USM Holdings Alisher Usmanov during an awarding ceremony at the Kremlin in Moscow, Russia November 27, 2018. Sputnik/Alexei Nikolsky/Kremlin via REUTERS/File PhotoBERLIN, Sept 21 (Reuters) - German police conducted raids targeting a Russian citizen over suspected sanctions violations on Wednesday morning, with German media reporting that the operation centred on oligarch Alisher Usmanov. The Munich state prosecutor said comprehensive raids had taken place at the residence of a Russian citizen and four other suspects. Register now for FREE unlimited access to Reuters.com RegisterGerman broadcasters BR and MDR reported that one of the locations targeted was Usmanov's villa on Tegernsee lake in the southern state. Register now for FREE unlimited access to Reuters.com RegisterWriting by Rachel More; Editing by Paul Carrel and Ana Nicolaci da CostaOur Standards: The Thomson Reuters Trust Principles.

☆ Asian stocks sink, yields rise as markets brace for aggressive Fed
▼ + stars: | 2022-09-21 | by ( Kevin Buckland | ) www.reuters.com time to read: +4 min

Register now for FREE unlimited access to Reuters.com RegisterMSCI's broadest index of Asia-Pacific shares (.MIAP00000PUS) lost 1%. Sweden's Riksbank surprised markets overnight with a full percentage-point hike, and warned of more to come over the next six months. Markets are pricing in an 81% chance of another 75-basis-point increase, and see a 19% probability of a full percentage point rise. The Bank offered to buy 250 billion yen of bonds in an unscheduled operation on Wednesday to keep yields in check. Meanwhile, crude oil continued its decline amid worries that aggressive tightening by the Fed and other central banks would crimp growth and curb demand.

☆ I've lived rent-free all year by house-sitting. Here's the script I use and my best tips to land great homes.
▼ + stars: | 2022-09-21 | by ( Alice Draper | ) www.businessinsider.com time to read: +6 min

The money I've saved is equivalent to what I'd have spent on long-term rentals or short-term Airbnb rentals. My tiny studio in Durban was $220 a month, excluding utilities, and it was in a cheap area in someone's backyard. The trade-off is I get free accommodation, while the homeowner gets free house- and pet-sitting. I've received multiple invitations for house-sits that I didn't apply for, including a six-month house-sit in Costa Rica that I wasn't available for. Under "My experience," the final section, I detailed the type of house-sits I've done and the various animals I've looked after.

☆ Washington Monument vandalized, one man taken into custody
▼ + stars: | 2022-09-21 | by ( Kanishka Singh | ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterCars pass by the Washington Monument at night in Washington, U.S., October 24, 2021. REUTERS/Sarah Silbiger/File PhotoWASHINGTON, Sept 20 (Reuters) - A man has been taken into custody after the Washington Monument was vandalized late on Tuesday, police said, adding that the area around the base of the monument has been temporarily closed. "Area around base of the Washington Monument temporarily closed. NPS (National Park Service) conservators will work on restoration process," the United States Park Police (USPP) said on Twitter. Images posted on Twitter by local media showed red paint smeared on the west side of the monument's base.

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