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☆ West Stands to Lose at Least $288 Billion in Assets if Russian Assets Seized -RIA
▼ + stars: | 2024-01-21 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

(Reuters) - Russia's state RIA news agency said on Sunday it had calculated that the West stood to lose assets and investments worth at least $288 billion if it confiscated frozen Russian assets to help rebuild Ukraine and Moscow then retaliated. After President Vladimir Putin sent forces into Ukraine in February 2022, the U.S. and its allies prohibited transactions with Russia's central bank and finance ministry, blocking around $300 billion of sovereign Russian assets in the West. It said EU nations held $223.3 billion of the assets, of which $98.3 billion was formally held by Cyprus, $50.1 billion by the Netherlands and $17.3 billion by Germany. It said the top five European investors in the Russian economy also included France with assets and investments worth $16.6 billion and Italy with $12.9 billion. It said the United States had $9.6 billion worth of Russian assets at the end of 2022, Japan $4.6 billion and Canada $2.9 billion.

Persons: Vladimir Putin, RIA, Andrew Osborn, Mark Heinrich Organizations: Reuters, Seven, Kremlin, European Union, RIA Locations: Ukraine, Moscow, U.S, West ., Belgium, Russia, Europe, Australia, Switzerland, Russian, Cyprus, Netherlands, Germany, France, Italy, Britain, United States, Japan, Canada, Norway

☆ Mexico's one big advantage over the US right now could stall the 'Made in America' push
▼ + stars: | 2024-01-20 | by ( Jacob Zinkula | Matt Turner | ) www.businessinsider.com time to read: +7 min

Read previewThe push by US businesses to make more stuff in America has an ongoing challenge: It's hard to find workers. Ulbrich says this stands in sharp contrast to Mexico, whose growing manufacturing base could entice companies to make supply chain investments there, rather than in the US. Even as the pandemic-era labor shortage has eased, the demand for construction and factory workers has continued to exceed supply. Mexico's median age is roughly 30, he added — compared to nearly 40 in China — which has contributed to a strong labor supply. Compared to Mexico, manufacturing in the US would likely offer businesses reduced supply chain disruptions and lower transportation costs.

Persons: —, Christian Ulbrich, Ulbrich, Matt Turner, Biden, Houthi, Tesla, Susan Golicic, Andres Abadia, Abadia, Luis Torres, Colorado State's Golicic, Golicic Organizations: Service, Business, Economic, General Motors, Intel, Companies, Ford, Reuters, Colorado State University, US, Pantheon Macroeconomics, Federal Reserve Bank of Dallas Locations: America, Mexico, Ukraine, Taiwan, Canada, China, Asia, shoring, San Antonio, Tennessee, Alabama, Colorado

A person walks on the day of the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 19, 2024. REUTERS/Denis Balibouse Denis Balibouse | ReutersThe 2024 World Economic Forum in Davos, Switzerland will wrap Friday. Here are some of takeaways from Davos after our week talking to business leaders and government officials at the conference. Experts see no U.S. recession in 2024Overwhelmingly, economic experts and executives privately said they don't expect a U.S. recession in 2024. China fighting for cashChina's Premier Li Qiang speaks during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024.

Persons: Denis Balibouse Denis Balibouse, –, —, Donald Trump, Andrew Ross Sorkin, Denis Balibouse, Wyclef Jean, Sam Altman, Altman, Li Qiang, Premier Li Qiang, it's, Li, Ian Bremmer, Bremmer, they're Organizations: Economic, REUTERS, U.S, The New York Times, Wipro, Artificial Intelligence, Reuters, Technology, Recruit Holdings, Premier, Eurasia Group Locations: Davos, Switzerland, Zurich, Swiss, takeaways, U.S, Israel, Gaza, China, India, Beijing

The hefty Davos promotions come after India surpassed China last year as the world's biggest country by population. Now India is touting its growing strength as a nation of innovation and as a global business hub in front of some of the world's richest and most powerful people. "As China's economy slows down, India's relatively rapid growth stands out as a clear opportunity for investors in Davos looking for bright spots." "We had an all-time revenue record in India," Apple CEO Tim Cook said on the company's latest earnings call in November, in response to an analyst's question about the company's momentum there. Hidary said Indian billionaire Mukesh Ambani's smartphone company Jio will serve about 600 million people in India through a $12 device.

Persons: There's, Ravi Agrawal, Agrawal, Narendra Modi, that's, Tim Cook, Apple Tim Cook, Punit Paranjpe, Jack Hidary, Hidary, Mukesh, Ambani Organizations: India Engagement, Wipro, Infosys, Tata, Foreign Policy, CNN, CNBC, World Bank, International Trade Administration, Visual, Bank of India, Dell, HP, Lenovo, Apple, AFP, Getty, India, AMD, Nvidia, Micron, WEF Locations: DAVOS, Switzerland, Davos, India, China, CNN India, Maharashtra, Tamil Nadu, Telangana, Karnataka, U.S, Mumbai, Bangalore, Gujarat

☆ China's Premier Li to Address Davos as Its Economy Struggles
▼ + stars: | 2024-01-16 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

By Antoni SlodkowskiDAVOS, Switzerland (Reuters) - Chinese Premier Li Qiang is set to address global investors and politicians in Davos on Tuesday, as Beijing grapples with a sluggish post-pandemic recovery and a real estate slump. Li, who leads a large government delegation at this week's World Economic Forum, is the most senior Chinese official to rub shoulders with global business and political elites at the Swiss ski resort of Davos since President Xi Jinping in 2017. He would "promote global cooperation, address various risks, bridge the development divide, and seek peaceful coexistence and win-win outcomes", Chinese state news agency Xinhua reported. "China is generating a steady stream of growth momentum and potential for its economy," Xinhua's report added. Li, a career bureaucrat, was revealed as the pick for China's No.2 role last October when Xi unveiled a leadership line-up stacked with loyalists.

Persons: Antoni Slodkowski, Li Qiang, Li, Xi Jinping, Xi, Antony Blinken, Wang Yi, Volodymyr Zelenskiy's, Zelenskiy, Alexander Smith Organizations: Economic, Xinhua, China's, U.S Locations: Antoni Slodkowski DAVOS, Switzerland, Davos, Beijing, China, Swiss, consultancies, Gaza

☆ China’s economy grew by about 5.2% in 2023, Premier Li tells Davos meeting
▼ + stars: | 2024-01-16 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —China’s economy grew by about 5.2% in 2023, slightly better than the official target Beijing had set, Premier Li Qiang said Tuesday at the World Economic Forum’s annual meeting in Davos, Switzerland. “In the past year of 2023, China’s economy has generally rebounded and improved,” the country’s second highest official told the meeting of global business and political leaders. While this expansion would mark a significant pick-up over 2022, when China’s economy grew by just 3%, it is still one of the country’s economic worst performances in over three decades. “Even if there are twists and turns in China’s economic operation, its overall long-term positive trend will not change,” said Li. The premier is the most senior Chinese leader to attend the Davos forum in person since President Xi Jinping in 2017.

Persons: Li Qiang, Hong, Seng, ”, Li, Xi Jinping, Viola Amherd, Joe Biden, BRENDAN SMIALOWSKI, Xi Organizations: Hong Kong CNN, Beijing, Swiss, Economic Cooperation, APEC, Getty Locations: Hong Kong, Davos, Switzerland, “, China, Beijing, Asia, Woodside , California, AFP, United States

☆ Op-ed: After crisis, Israel's economy always comes back stronger
▼ + stars: | 2023-12-12 | by ( Anat Katz | Economic Minister To North America For Israel'S Ministry Of Economy | ) www.cnbc.com time to read: +2 min

In just a few hours, the nation of Israel went from business as usual to national emergency and national mourning. Throughout this ongoing crisis, the resilience of Israel's economy has once again taken center stage. This should be no surprise, as resilience has always been a key tenet of Israel's long-term success, military or otherwise. Most recently, the Covid-19 pandemic struck a terrible blow to Israel's economy in the second quarter of 2020, reducing GDP by roughly 30% annualized. The Tel Aviv Stock Exchange's flagship TA-125 Index dropped over 8% in that war's opening days, but took only 40 days to recover to pre-war levels.

Persons: Warren Buffett, Israel, Berkshire Hathaway, Buffett Organizations: Tel, Tel Aviv Stock Exchange's, TA Locations: Israel, Lebanon, Berkshire, Lebanese, Iscar, Tel Aviv

☆ Supply chains, trade top agenda for Yellen Mexico trip
▼ + stars: | 2023-12-04 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

US Treasury Secretary Janet Yellen hosts Leaders from Americas Partnership for Economic Prosperity (APEP) countries at the Treasury Department in Washington, DC, on November 3, 2023. WASHINGTON — Treasury Secretary Janet Yellen will travel to Mexico City this week to strengthen economic ties with America's top trading partner, the Treasury Department said Monday. Yellen will meet with Mexican counterparts, including President Andres Manuel Lopez Obrador, from Dec. 5-7 on creating supply chains spanning the bordering nations to spur job growth and bolster economic security, according to a release. Imports and exports between the U.S. and Mexico reached nearly $600 billion so far in 2023, per the International Trade Administration, and exceeded $850 billion in 2022, according to Treasury. Direct investments between the nations include manufacturing, wholesale trade, real estate and finance and insurance, according to the U.S. Trade Representative.

Persons: Janet Yellen, Yellen, Andres Manuel Lopez Obrador, Joe Biden, Xi Jinping Organizations: Americas Partnership, Economic Prosperity, Treasury Department, WASHINGTON —, Mexican, U.S, International Trade Administration, Treasury, U.S . Trade, Jalisco Nueva Generacion, U.S . Locations: Washington ,, Mexico City, Mexico, United States, Jalisco, U.S

An electronic board shows Shanghai and Shenzhen stock indexes, at the Lujiazui financial district in Shanghai, China October 25, 2022. But the extent of the political and economic jitters merely mirrors other signs of a long-term China exit well beyond portfolio flows. Earlier this month, China recorded its first-ever quarterly deficit in "bricks and mortar" foreign direct investment (FDI). What's more, a multi-year aversion to China investments then risks colliding with deteriorating long-term economic growth dynamics - heightened by rising youth unemployment and dire demographics. Despite some recent upgrades of China growth forecasts, yet another business survey this week raised red flags.

Persons: Aly, Gina Raimondo, Nicholas Lardy, Xi, Lardy, What's, Morgan Stanley, Morgan Stanley's, Mike Dolan, Paul Simao Organizations: REUTERS, Official Monetary, Financial, Reuters, . Commerce, Peterson Institute for International Economics, Thomson Locations: Shanghai, Shenzhen, China, OMFIF, Europe, North America, India, Brazil, Beijing, U.S, Washington, San Francisco

MOSCOW, Dec 1 (Reuters) - President Vladimir Putin has signed a decree putting St Petersburg's Pulkovo Airport under the temporary management of a Russian company, wresting control from investors from Germany, Qatar and other Gulf states. The airport's management company has 14 co-owners. The rights of foreign shareholders will pass to two different Russian entities. Russian shareholders will retain their rights. The decree stated that airport's foreign shareholders would be able to restore their rights to stakes in the new company if they apply and conclude corporate agreements that comply with Russian laws on foreign investment.

Persons: Vladimir Putin, Fraport, VTB, Ramzan Kadyrov, Taimuraz, Carlsberg's, Gleb Stolyarov, Alexander Marrow, Ilona Wissenbach, Gareth Jones, Kirsten Donovan Organizations: Petersburg's Pulkovo, Qatar Investment Authority, Russian Direct Investment Fund, Baring, Baltika Breweries, Reuters, Thomson Locations: MOSCOW, Russian, Germany, Qatar, St Petersburg, Abu Dhabi, Russia, Ukraine, Moscow

☆ US and India’s strengthening bond is weak on trust
▼ + stars: | 2023-11-30 | by ( Una Galani | ) www.reuters.com time to read: +4 min

REUTERS/Kevin Lamarque Acquire Licensing RightsMUMBAI, Nov 30 (Reuters Breakingviews) - Trust between the United States and India is eroding. It says it will investigate security concerns aired by the United States. Trying that on the United States would be more consequential: Apple (AAPL.O) and Tesla (TSLA.O) are looking to build supply chains in the country, and the U.S. is the largest market for India’s people-heavy IT services companies. The United States and India may draw a quick line under the murder-for-hire episode, but it will sow a lasting seed of doubt in the relationship. Prosecutors did not name the Indian official.

Persons: Kevin Lamarque, soberly, ”, Justin Trudeau, Joe Biden, Narendra Modi, Saudi Arabia’s Crown Prince Mohammed bin Salman, Jamal Khashoggi, Nikhil Gupta, “, Arindam Bagchi, Neil Unmack, Oliver Taslic Organizations: White, REUTERS, Rights, Reuters, U.S . Department of Justice, U.S, Companies, Micron, General Electric Aerospace, Ottawa, Global, Saudi Arabia’s Crown, Indian, U.S . Justice, New, New York City, Prosecutors, “ Security Management, Thomson Locations: India, Washington , U.S, Rights MUMBAI, United States, Delhi, American, China, Asia, Canada, U.S, Vietnam, Saudi, Istanbul, Manhattan, New York

☆ China’s Xi Jinping visits financial hub Shanghai as Chinese economy sputters
▼ + stars: | 2023-11-30 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Chinese leader Xi Jinping has visited Shanghai for the first time in three years, as his government steps up efforts to prop up the country’s economy and financial markets. The visit, his first since 2020, comes as business confidence wanes in China and foreign companies pull out of the country. “General Secretary Xi Jinping’s visit to Shanghai sends important signals at a critical moment,” an editorial by Xinhua said Thursday. “Shanghai must be a vanguard of the country’s reform and opening up and a pioneer in its tech innovation and development,” Xi was quoted as saying by Xinhua. Earlier this month, Xi visited the United States for the first time in more than six years, where he met with President Joe Biden to amend ties between the two countries.

Persons: Xi Jinping, Xi, Lifeng, Cai Qi, Xi Jinping’s, ” Xi, Joe Biden Organizations: Hong Kong CNN, Shanghai Futures Exchange, Xinhua News Agency, PMI, Xinhua, “ Finance Locations: Hong Kong, Shanghai, China, Beijing, United States

FILE PHOTO: A screen showing the Hang Seng stock index is seen outside Exchange Square, in Hong Kong, China, August 18, 2023. REUTERS/Tyrone Siu/File Photo Acquire Licensing RightsDec 1 (Reuters) - A look at the day ahead in Asian markets. They include Australia, South Korea and India, as well as China's 'unofficial' PMI. Foreigners already appear to be voting with their feet - China just recorded its first-ever quarterly deficit in foreign direct investment. Here are key developments that could provide more direction to markets on Friday:- PMIs for Australia, South Korea, India, China- Japan unemployment (October)- Indonesia inflation (October)By Jamie McGeever Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Tyrone Siu, Dow Jones, Jamie McGeever, Josie Kao Organizations: REUTERS, PMI, National Bureau, Statistics, Japan's Nikkei, U.S ., Thomson, Reuters Locations: Exchange, Hong Kong, China, Japan, South Korea, Indonesia, Australia, India, Asia

☆ Here's why China's weak economy is good news for the US stock market
▼ + stars: | 2023-11-28 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

China's economy is weak and suffering from a demographic implosion, according to market veteran Ed Yardeni. But that's good news for the US stock market as it should lead to continued disinflation and a step down in geopolitical tensions. "It would be in China's interest to attract more foreign direct investment to shore up its economy," Yardeni said. And the recent decline in China's property values and stock market is especially painful for an aging population. The combination of continued disinflation and a reduction in geopolitical tensions is ultimately good news for the US stock market, according to Yardeni.

Persons: Ed Yardeni, Yardeni, —, aren't Organizations: Service Locations: China, Taiwan

☆ Slowing China still leads the race for commodities
▼ + stars: | 2023-11-28 | by ( Yawen Chen | ) www.reuters.com time to read: +7 min

"When it comes to copper, the thinking usually goes that copper equals property, property equals China," said one commodities trader. "And because China property is down, copper must be down too." That’s why China's copper demand will still rise by 4 million tonnes from the 2020 level to around 18 million tonnes per year in 2030, according to estimates by commodity trading group Trafigura. And China's copper demand has grown by 8% this year, faster than the 5% Xi is targeting for overall GDP growth. China's annual aluminium demand rose by 18 million tonnes from 2010 to 2020 and is forecast to grow by another 13 million tonnes to over 50 million tonnes a year in 2030, per Trafigura.

Persons: Xi Jinping, Communist Party’s, Wood Mackenzie, Francesco Guerrera, Katrina Hamlin, Thomas Shum Organizations: Reuters, HK, Communist, Shanghai Futures Exchange, London Metal Exchange, ING, International Monetary Fund, IMF, World Bank, Reuters Graphics Reuters, Oxford, HSBC, Democratic, Thomson Locations: SINGAPORE, China, Washington, Moscow, Taiwan, Shanghai, Republic, United States, Australia, Beijing, Chile, Indonesia, Democratic Republic of Congo

Now "it's like 'plus-10' and then China," he added, with the latter down to providing half of Industry West's products and being trimmed more. China recorded its first-ever quarterly deficit in foreign direct investment in July-September, suggesting capital outflow pressure. But for the first time in the four decades since China opened up to foreign investments, executives are now also concerned about long-term growth prospects. Primavera Capital founder Fred Hu cites mounting macroeconomic uncertainty, a "murky capital market outlook," and lingering concerns over past regulatory crackdowns on high-growth industries such as technology and education. Despite the challenges, foreign investment flows are not unidirectional.

Persons: Jordan England, Nicholas Lardy, England, I'm, Li Qiang's, Li, Michael Hart, Noah Fraser, Fred Hu, Hu, Joe Cash, Ellen Zhang, Kane Wu, Eduardo Baptista, Don Durfee, Kripa Jayaram, Marius Zaharia, Jamie Freed Organizations: China, Reuters, Peterson Institute for International Economics, LONG, Conference Board, China International, Canada China Business Council, Reuters Graphics, Primavera Capital, Tech, Thomson Locations: China, BEIJING, HONG KONG, Southeast Asia, Eastern Europe, Mexico, England, Florida, Washington, Beijing, consultancies, U.S, Asia, Australia, Europe, Hong Kong

☆ Britain hopes to attract investment from Chinese carmakers - minister
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Damir Sagolj/File Photo Acquire Licensing RightsCompanies Nissan Motor Co Ltd FollowHAMPTON COURT, England, Nov 27 (Reuters) - Britain's investment minister on Monday said he was working to attract Chinese car manufacturers to build a factory in the country and that investment from China was crucial to meeting environmental targets. At a foreign direct investment summit at Hampton Court Palace on Monday, British investment minister Dominic Johnson said commercial talks could run in parallel with political disagreements. "Chinese investment is crucial if we're to achieve our net zero goals ... "Absolutely, I have an ambition to try and attract a Chinese car manufacturer." Britain is re-examining the application of its recently introduced National Security and Investment (NSI) Act that has disproportionately blocked Chinese-backed deals.

Persons: Damir Sagolj, Rishi Sunak's, David Cameron, Cameron, Sunak, Dominic Johnson, we're, Johnson, carmakers, Alistair Smout, Alex Richardson Organizations: China, Financial, Bank of China, REUTERS, Nissan Motor, Conservative Party, National Security and Investment, Tata, Nissan, European Union, Thomson Locations: Beijing, China, HAMPTON, England, Hampton, Britain

☆ Fund manager reveals one global energy stock to buy right now
▼ + stars: | 2023-11-27 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Total Energies is one energy stock investors should own right now, according to Brian Arcese, portfolio manager at investment firm Foord Asset Management. Total shares are trading at a significant discount compared to shares of Exxon Mobil, Chevron Shell, and BP on a forward price-to-earnings ratio basis at 6.8x, according to FactSet data. While Total is not among the 10 largest investments in Arcese's fund, Foord Asset Management is an investor in the stock. Arcese told CNBC Pro Talks that around 15-20% of Foord's equity portfolio is allocated to commodity and energy stocks. Scotiabank analysts have a hold-equivalent rating on the U.S.-listed stock with a price target of $68, where the stock is currently trading.

Persons: Brian Arcese, Arcese, it's, We've, Morgan Stanley, Paul Cheng, TotalEnergies Organizations: Foord Asset Management, Fund, Exxon Mobil, Chevron Shell, BP, New, Foord, Management, CNBC, Singapore . Commodities, Equity, UBS, Scotiabank, RBC Capital Markets, RBC Locations: New York, Paris, Singapore, U.S, Foord

☆ UK's Sunak hails $37 billion investments before FDI summit
▼ + stars: | 2023-11-26 | by ( Alistair Smout | ) www.reuters.com time to read: +4 min

Australian funds IFM Investors and Aware Super will pump 10 billion pounds and 5 billion pounds, respectively, into projects ranging from infrastructure and energy transition to affordable housing, Sunak's Downing Street office said in a statement. Spanish power giant Iberdrola (IBE.MC) will add 7 billion pounds to its investment plans in Britain, which include transmission and distribution electricity networks, it said. France last year overtook Britain as the European country with the highest number of new FDI projects. French President Emmanuel Macron announced 13 billion euros ($14.18 billion)of investment commitments in his country at a similar FDI gathering in May. It wants to deal with one person," investment minister Dominic Johnson told Reuters ahead of Monday's event at Hampton Court.

Persons: Rishi Sunak, Ian Forsyth, Sunak's, Sunak, Emmanuel Macron, Stephen Schwarzman, David Solomon, Goldman Sachs, Jamie Dimon, JP Morgan Chase, Dominic Johnson, Jeremy Hunt, IFM, William Schomberg, Alistair Smout, Louise Heavens Organizations: Britain's, Nissan, IFM, Microsoft, Britain, Blackstone, Hampton Court, Thomson Locations: Sunderland, Britain, Spanish, Hampton, London, France, Germany, England, British

☆ 'Vote of confidence': UK hails $37 billion of foreign investment
▼ + stars: | 2023-11-26 | by ( Alistair Smout | ) www.reuters.com time to read: +5 min

Australian funds IFM Investors and Aware Super will pump 10 billion pounds and 5 billion pounds, respectively, into projects ranging from infrastructure and energy transition to affordable housing, Sunak's Downing Street office said in a statement. It added that Spanish power giant Iberdrola (IBE.MC) would add 7 billion pounds to its investment plans in Britain, which include transmission and distribution electricity networks. France has overtaken Britain as the European country with the highest number of new FDI projects. President Emmanuel Macron announced 13 billion euros ($14 billion) of investment commitments in France at a similar FDI gathering in May. "It wants to deal with one person," investment minister Dominic Johnson told Reuters, adding ministers could then have "very strong, frank discussions with the international investment community about how we can make the environment more investable".

Persons: Rishi Sunak, Kemi Badenoch, Sunak's, Iberdrola, Sunak, Emmanuel Macron, Stephen Schwarzman, David Solomon, Goldman Sachs, Jamie Dimon, JP Morgan Chase, Amanda Blanc, Dominic Johnson, IFM, King Charles, William Schomberg, Alistair Smout, Louise Heavens, Mark Potter Organizations: British, Global Investment, Business, IFM, Microsoft, Blackstone, LBC, Nissan, Reuters, Thomson Locations: Hampton, East Molesey, Surrey, Britain, France, Germany, England, Buckingham

☆ Zambia debt rework delaying impede key investments, hitting the 'most vulnerable' - FinMin
▼ + stars: | 2023-11-24 | by ( Karin Strohecker | ) www.reuters.com time to read: +3 min

Zambia's Finance Minister Situmbeko Musokotwane takes part in a panel during the annual meeting of the International Monetary Fund and the World Bank, following last month's deadly earthquake, in Marrakech, Morocco, October 14, 2023. Zambia defaulted three years ago and is trying to rework its debt under the G20 Common Framework, a programme designed to ensure swift and smooth debt overhauls for low-income nations. The first African country to default in the COVID-19 era, Zambia's debt restructuring had started with drawn-out negotiations with bilateral creditors including China. "Zambia’s debt restructuring has dragged on too long," Musokotwane said in emailed comments. Musokotwane said the country had implemented some serious reforms and committed to improving management of government finances and boosting growth.

Persons: Situmbeko Musokotwane, Susana Vera, Musokotwane, Karin Strohecker, Rachel Savage, Kim Coghill Organizations: Zambia's, International Monetary Fund, World Bank, REUTERS, Finance, Reuters, Thomson Locations: Marrakech, Morocco, Zambia, China

☆ Morning Bid: Giving thanks you're not in China stocks
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. A four-day ceasefire between Israel and Hamas appeared to be holding shakily on Friday with no major reports of attacks, although both sides were accused of violations. The decline marked yet another investor shrug at reports of further official moves to shore up China's ailing property sector. In Europe, data showed Germany's economy shrank slightly in the third quarter, confirming an initial estimate of a 0.1% fall. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, shrug, didn't, Christian Lindner, Geert Wilders, Luis de Guindos, Pablo Hernandez de Cos, Nick Macfie Organizations: New York Stock Exchange, REUTERS, Stock, Mainland Properties, Bloomberg, Nvidia, Finance, Britain's Barclays, Central Bank, Bank of Spain, PMI Reuters Graphics Reuters, Reuters, Thomson Locations: New York City, U.S, Wall, Israel, OPEC, United States, Friday's, Beijing, Taiwan, China, Europe, British

[1/2] British Prime Minister Rishi Sunak speaks during the opening session of the Global Food Security Summit at Lancaster House in London, Britain November 20, 2023. Years of political churn - with five prime ministers and a non-stop ministerial carousel since the 2016 Brexit vote - have shaken Britain's reputation for stability among investors. Some executives say the country, long a magnet for FDI, has simply taken them for granted. But companies and investors say that a focus by regulators on limiting costs for bill-payers in sectors such as water, telecoms and energy has crimped investment. British investment minister Dominic Johnson said the government would be in listening mode at the gathering on Nov. 27 to hear how it can remove hurdles.

Persons: Rishi Sunak, Dan Kitwood, Sunak, Emanuel Macron, Jack Paris, Paris, Jeremy Hunt, EY, Alina Osorio, Mikhail Taver, Richard Harrington, Harrington, Dominic Johnson, Johnson, Kate Holton, Sinead Cruise, Andy Bruce, Alexander Smith Organizations: British, Global Food Security, Lancaster House, Hampton Court, Partners, Reuters, European Union, United, Labour Party, India's Tata Group, Britain, AstraZeneca, Ireland, Thomson Locations: London, Britain, Hampton, France, Versailles, European, Germany, United States, Europe, Delaware

☆ Lord Harrington on how the U.K. government must reorganize to be investment-centric
▼ + stars: | 2023-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLord Harrington on how the U.K. government must reorganize to be investment-centricLord Richard Harrington, a Conservative peer in the House of Lords, lays out the findings of his report on how to improve the U.K.'s decreasing levels of direct investment amid international competition.

Persons: Lord Harrington, Richard Harrington Organizations: Conservative

Chinese President Xi Jinping waves as he walks with U.S. President Joe Biden at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Woodside, California, U.S., November 15, 2023. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsSAN FRANCISCO/HONG KONG, Nov 16 (Reuters) - When Chinese President Xi Jinping met executives for dinner on Wednesday night in San Francisco, he was greeted with not one, but three standing ovations from the U.S. business community. All three were outcomes the United States had sought from China rather than the other way around, said two people briefed on the trip. Biden administration officials have acknowledged that creating functional military relations won't be as easy as semi-regular meetings between defense officials. That's not going to be a favor to us," one senior Biden administration told Reuters in October in the run-up to the Xi-Biden meeting.

Persons: Xi, Joe Biden, Kevin Lamarque, Xi Jinping, Alexander Neill, Biden, Nancy Pelosi's, hotlines, Craig Singleton, That's, China's, Drew Thompson, Vladimir Putin, it's, Li Mingjiang, Michael Martina, Greg Torode, Trevor Hunnicutt, Antoni Slodkowski, Laurie Chen, Don Durfee, Tom Hogue Organizations: U.S, Economic Cooperation, REUTERS, FRANCISCO, United States, Communist Party, Hawaii's, Commerce Department, Biden, Republican, ., Foundation for Defense of Democracies, Reuters, Pentagon, National University of Singapore, Analysts, Rajaratnam School of International Studies, Thomson Locations: Filoli, Asia, Woodside , California, U.S, HONG KONG, San Francisco, United States, United, China, Beijing, Chinese, Taiwan, Washington, Russia, Singapore

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