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☆ Coco Gauff loses to Iga Świątek at China Open to snap 16-match win streak
▼ + stars: | 2023-10-07 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

2 Iga Świątek in the semifinals of the China Open on Saturday, ending her 16-match win streak. But that all came to end as Świątek cruised to a 6-2 6-3 win against the American in Beijing. “I’m really proud of myself,” Gauff said afterwards, according to the China Open. They have faced each other more than any other opponent and the match almost always ends in Świątek favor. 22 Liudmila Samsonova for the China Open title on Sunday.

Persons: Coco Gauff, Gauff, Serena Williams, Świątek, “ I’m, ” Gauff, ”, Florence Lo, Reuters Świątek, I’m, ” Świątek, “ It’s Organizations: CNN, China, WTA, Reuters Locations: American, Beijing, Świątek

☆ China's cross-border trips during Golden Week holiday recover to 85% of pre-pandemic level
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Florence Lo/File Photo Acquire Licensing RightsSHANGHAI, Oct 7 (Reuters) - China's inbound and outbound trips surged during the eight-day Golden Week holiday this year, official data showed on Saturday, recovering to 85% of their pre-pandemic level but lower than an earlier government estimate. That was equivalent to 85.1% of the number of average trips made in the same period in 2019, and nearly quadruple the 2022 average, the administration said. It had earlier said it expected an average of 1.58 million daily inbound and outbound passenger trips during the holiday. This compared with 830.8 yuan per trip in 2019 when the holiday was seven days long, and 680.6 yuan last year. Travellers made 826 million trips within mainland China, up 71.3% from a year ago and 4.1% higher than in 2019, according to data released by the official Xinhua news agency.

Persons: Florence, Robert Birsel Organizations: REUTERS, Rights, National, National Immigration Administration, Travellers, Xinhua, Shanghai, Thomson Locations: Beijing, China, Thailand

☆ US curbs on chip tools to China nearly finalized, government posting shows
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

[1/2] Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. Reuters exclusively reported on Monday that U.S. officials had warned China in recent weeks to expect rules restricting shipments of semiconductor equipment and advanced AI chips to China to be updated this month. The updates would add restrictions and close loopholes in rules first unveiled on Oct. 7, 2022, sources say. A person familiar with the matter, who requested anonymity, confirmed the posting refers to the expected restriction on sending chipmaking tools to China. An anticipated companion rule updating restrictions on exports of high-end chips used for artificial intelligence has yet to be posted by the government.

Persons: Florence Lo, Biden, Karen Freifeld, Alexandra Alper, Anna Driver Organizations: REUTERS, Reuters, Washington, Export, Semiconductor Manufacturing, Management, Budget, OMB, of State , Defense, Commerce, Energy, U.S . Department of Commerce, Thomson Locations: of China, U.S, China, Beijing

Work is under way on a joint statement that would be issued during the visit, four people informed about the negotiations told Reuters. China's foreign ministry did not respond to a request for comment. Reuters GraphicsSTATE VISIT PREPARATIONSOne of the sources said China had sent a team to Hanoi to organise accommodations for Xi's delegation. China's foreign minister Wang Yi was expected to visit Hanoi in mid-October to help finalise the joint statement, the source added, if sufficient progress on the text has been made. As China's president, Xi travelled to Vietnam twice, with his latest visit in 2017, when he attended an Asia-Pacific summit with Donald Trump, Vladimir Putin and other leaders.

Persons: Xi Jinping, Wang Yi, Florence, Joe Biden's, Xi, Pham Thu, Donald Trump, Vladimir Putin, Khanh Vu, Francesco Guarascio, Martin Pollard, Yew, Tian, Gerry Doyle Organizations: REUTERS, Reuters, Graphics STATE, Vietnam, Thomson Locations: Beijing, China, Vietnam, HANOI, BEIJING, Hanoi, Washington, Vietnam's, United States, Europe, Asia, U.S, Singapore, South

☆ US lawmakers press White House for tougher enforcement of China chip rules
▼ + stars: | 2023-10-06 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsOct 6 (Reuters) - Two senior Republican lawmakers in the U.S. House of Representatives on Friday pressed the Biden administration for tougher enforcement of export controls on sending advanced computing chips and the tools to make them to China. "The October 7 rules and SMIC’s growing capabilities reveal a stagnant, obscured bureaucracy that does not understand China’s industrial policy, does not understand China’s military goals, and does not understand technology at all - and does not have the will to act," McCaul and Gallagher said in the letter. The lawmakers urged the Biden administration to update the rules and take immediate action against Huawei and SMIC. Reuters reported this week that the Biden administration has warned China it plans to update the rules. Reporting by Stephen Nellis in San Francisco Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence Lo, Biden, Jake Sullivan, Michael McCaul, Mike Gallagher, McCaul, Gallagher, Stephen Nellis, Matthew Lewis Organizations: REUTERS, U.S . House, National, House Foreign Affairs Committee, Huawei Technologies, China's Semiconductor Manufacturing International Corp, HK, Huawei, SMIC, U.S, Reuters, National Security Council, Bureau of Industry, Security, Commerce Department, San, Thomson Locations: China, U.S, San Francisco

At issue is RISC-V, pronounced "risk five," an open-source technology that competes with costly proprietary technology from British semiconductor and software design company Arm Holdings (O9Ty.F). RISC-V can be used as a key ingredient for anything from a smartphone chip to advanced processors for artificial intelligence. The RISC-V technology came from labs at the University of California, Berkeley, and later benefited from funding by the Pentagon's Defense Advanced Research Projects Agency (DARPA). Its executives said in August they believe RISC-V will speed up chip innovation and transform the tech industry. Jack Kang, vice president of business development at SiFive, a Santa Clara, California-based startup using RISC-V, said potential U.S. government restrictions on American companies regarding RISC-V would be a "tremendous tragedy."

Persons: Florence Lo, Joe Biden's, Marco Rubio, Mark Warner, Mike Gallagher, Biden, Michael McCaul, McCaul, " Rubio, Warner, Jack Kang, Kang, Kevin Wolf, Akin Gump, Barack Obama, Wolf, Max A, Cherney, Stephen Nellis, Will Dunham, Kenneth Li Organizations: REUTERS, U.S ., Arm Holdings, Republican, Democratic, Reuters, Commerce Department, People's, CCP, Chinese Communist Party, House Foreign Affairs, of Industry, Security, Commerce, University of California, Pentagon's Defense, Research Projects Agency, DARPA, HUAWEI, Huawei Technologies, Qualcomm, Google, Thomson Locations: China, U.S, Beijing, People's Republic of China, Communist China, Swiss, Berkeley, United States, SiFive, Santa Clara , California, San Francisco

☆ Yen gets reprieve as dollar dented by private payrolls report
▼ + stars: | 2023-10-05 | by ( Brigid Riley | ) www.reuters.com time to read: +3 min

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. Having come off its nearly 11-month high, the dollar index , which tracks the greenback against six peers, held near overnight levels, settling at around 106.55. Longer dated U.S. Treasury yields eased from 16-year highs after the data and remained lower in the Asian day. Besides the lower U.S. Treasury yields, the yen also drew support from an overnight drop in oil prices, said Kyle Rodda, markets analyst at Capital.com, though he added that it was likely to be a "short-term reprieve." The Australian dollar fetched $0.63655 , up over 0.6%, while the kiwi was up around 0.5% to $0.59445 against the greenback.

Persons: Florence Lo, Moh Siong Sim, Shunichi Suzuki, Kyle Rodda, Rodda, Brigid Riley, Gerry Doyle, Simon Cameron, Moore Organizations: U.S, REUTERS, Rights, Treasury, Federal Reserve, ADP, Bank of Singapore, Bank of, Japan, Finance, Japanese Finance Ministry, Sterling, Australian, greenback Locations: U.S, Bank of Japan, Tokyo, OPEC

☆ Yen gets some relief as dollar pulls back after private payrolls report
▼ + stars: | 2023-10-05 | by ( Brigid Riley | ) www.reuters.com time to read: +3 min

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. The dollar index , which tracks the greenback against six peers, held near overnight levels at 106.53. Longer dated U.S. Treasury yields eased from 16-year highs after the data and remained lower in the Asian morning. Elsewhere, the euro was up 0.18% so far in Asia at $1.0524 , keeping above this week's fresh low of $1.0448. The Australian dollar fetched $0.6361 , up over 0.5% in early trade, while the kiwi similarly ticked up 0.5% to $0.5943 against the greenback.

Persons: Florence Lo, Moh Siong Sim, Shunichi Suzuki, Kyle Rodda, Sterling, Brigid Riley, Gerry Doyle, Simon Cameron, Moore Organizations: U.S, REUTERS, Rights, Treasury, Federal Reserve, ADP, Bank of Singapore, Bank of, Japan, Finance, Australian, greenback, Thomson Locations: U.S, Bank of Japan, Tokyo, Asia

☆ China to double size of space station, touts alternative to NASA-led ISS
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Florence Lo/File Photo Acquire Licensing RightsBEIJING, Oct 5 (Reuters) - China plans to expand its space station to six modules from three in coming years, offering astronauts from other nations an alternative platform for near-Earth missions as the NASA-led International Space Station (ISS) nears the end of its lifespan. The operational lifetime of the Chinese space station will be more than 15 years, the China Academy of Space Technology (CAST), a unit of China's main space contractor, said at the 74th International Astronautical Congress in Baku, Azerbaijan, on Wednesday. At 180 metric tons after its expansion to six modules, Tiangong is still just 40% of the mass of the ISS, which can hold a crew of seven astronauts. Russia, a participant in the ISS, has similar space diplomacy plans, suggesting that Moscow's partners in the BRICS group - Brazil, India, China and South Africa - could construct a module for its space station. Roscosmos, the Russian space agency, said last year it was planning to build a space station comprising six modules that could accommodate up to four cosmonauts.

Persons: Fei Junlong, Deng Qingming, Zhang Lu, Florence, Tiangong, Ryan Woo, Gerry Doyle Organizations: REUTERS, Rights, NASA, Space, China Academy of Space Technology, International Astronautical, European Space Agency, ESA, Global Times, U.S, Thomson Locations: Beijing, China, Rights BEIJING, Baku, Azerbaijan, European, U.S, United States, Russia, Brazil, India, South Africa, Russian

☆ Yen cowers near 150 as intervention chatter runs rife
▼ + stars: | 2023-10-04 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

[1/3] Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. Japanese authorities last year intervened to prop up the yen for the first time since 1998. Other currencies similarly fell against the yen in the previous session, with the euro losing more than 1.5% to a low of 154.39 yen. Sterling edged 0.03% lower to $1.20745, languishing near the previous session's close to seven-month low of $1.20535. Meanwhile, Cleveland Fed President Loretta Mester said she is open to raising interest rates again.

Persons: Florence Lo, James Malcolm, Masato Kanda, Janet Yellen, Rodrigo Catril, Raphael Bostic, Loretta Mester, Rae Wee, Sam Holmes Organizations: U.S, REUTERS, Rights, UBS, Tokyo, Treasury, Sterling, National Australia Bank, Atlanta Fed, Cleveland Fed, New Zealand, Reserve Bank of New Zealand, Thomson Locations: Rights SINGAPORE, Asia, Washington, Japan

☆ Yen cowers near 150 as Japanese intervention chatter runs rife
▼ + stars: | 2023-10-04 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. Japanese authorities last year intervened to prop up the yen for the first time since 1998. Other currencies similarly fell against the yen in the previous session, with the euro losing more than 1.5% to a low of 154.39 yen. The Aussie stood at 94.03 yen , after having fallen to an over one-month low of 93.16 yen on Tuesday. Sterling edged 0.02% lower to $1.2076, languishing near the previous session's close to seven-month low of $1.20535.

Persons: Florence Lo, James Malcolm, Shunichi Suzuki, Masato Kanda, Janet Yellen, Rodrigo Catril, Raphael Bostic, Loretta Mester, Rae Wee, Sam Holmes, Stephen Coates Organizations: U.S, REUTERS, Rights, UBS, Japanese Finance, Tokyo, Treasury, New Zealand, Sterling, National Australia Bank, Atlanta Fed, Cleveland Fed, Thomson Locations: Rights SINGAPORE, Asia, Washington, Japan

☆ Morning Bid: Bond steamroller flattens all
▼ + stars: | 2023-10-04 | 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. That's all on top of the ongoing rethink of the Fed's long-term rate horizon and increasingly high-pressure economy. Hit from all sides, the Treasury market is simply in ructions - catalysed perhaps by technical, speculative and positioning factors too. Ten-year yields hit a whopping 4.88% early on Wednesday - an increase of 80 basis points in little over a month. And implied volatility in the bond market (.MOVE) hit its highest since May.

Persons: Florence Lo, Mike Dolan, Kevin McCarthy, Michelle Bowman, Austan Goolsbee, Jeffrey Schmid, St, Louis Fed, Kathleen O'Neill Paese, Mehmet Simsek, Bernadette Baum Organizations: U.S, REUTERS, Congress, riven, Federal Reserve, Bank of, Treasury, Nasdaq, Reserve Bank of New, P Global, U.S . Federal Reserve, Chicago Fed, Kansas City Fed, Turkish, Thomson, Reuters Locations: U.S, Washington, Asia, Europe, Reserve Bank of New Zealand, Kansas, London

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. Traders have been on watch for weeks for a possible intervention by Japanese officials to combat a sustained depreciation in the yen. "It could just be people expecting intervention and then reacting to what they believed to be intervention," said Asher. To support the Japanese currency, authorities need to tap Japan's foreign reserves of dollars to sell for yen. A senior Japanese ministry of finance official declined to comment on whether Japan had intervened in foreign exchange markets.

Persons: Florence Lo, Michael Brown, Brown, Colin Asher, Asher, Niels Christensen, Jeremy Stretch, Edward Moya, Stretch, Tuesday's, Chuck Mikolajczak, Samuel Indyk, Saqib Iqbal Ahmed, Gertrude Chavez, Dreyfuss, Dhara Ranasinghe, Lucy Raitano, Ira Iosebashvili, Megan Davies, Jonathan Oatis, Andrea Ricci, Hugh Lawson, Gareth Jones Organizations: U.S, REUTERS, Trader, Mizuho, Nordea, Bank of Japan, New York Federal Reserve, CIBC Capital Markets, Ministry, Finance, Seven, Japan, Thomson Locations: TOKYO, London, Copenhagen, Japan, U.S, Tokyo, Asia, New York, United States

[1/2] Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. The dollar fell as low as 147.30 yen versus the Japanese currency, after hitting a one-year high of 150.165. Tuesday's low in the dollar was its weakest level in three weeks versus the Japanese currency. The euro dropped to a roughly two-month low against the yen of 154.39 yen and was last down 0.7% to 155.99. That earlier drove the dollar higher as real interest rates factor in inflation.

Persons: Florence Lo, Shunichi Suzuki, Colin Asher, Sterling, Marc Chandler, Jeremy Stretch, JGB, Herbert Lash, Gertrude Chavez, Dreyfuss, Lucy Raitano, Joice Alves, Marguerita Choy, Sharon Singleton Organizations: U.S, REUTERS, Japan, Japanese Finance, New York Federal Reserve, Mizuho, Bannockburn Global, U.S . Labor, Labor, Survey, CIBC Capital Markets, UST, Federal Reserve, Reserve Bank of Australia's, Swiss, Thomson Locations: Japan, London, Bannockburn, New York

[1/2] Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. The sharp move lower suggested the Bank of Japan had intervened in the market to keep the yen from falling further. "It has all the hallmarks of intervention in all honesty," said Michael Brown, market analyst at Trader X in London. "The continued uptrend in UST-JGB encouraged the 150 to be breach in the wake of the better-than-expected JOLTS data. The dollar slipped 0.51% against the yen to 149.08 after hitting 150.165 on the JOLTS report.

Persons: Florence Lo, Michael Brown, Marc Chandler, Jeremy Stretch, JGB, Stretch, Shunichi Suzuki, Wei Liang Chang, Russia's rouble, Herbert Lash, Brigid Riley, Alun John, Joice Alves, Kevin Buckland, Marguerita Choy, Sharon Singleton Organizations: U.S, REUTERS, Bank of Japan, New York Federal Reserve, Trader, Bannockburn Global, CIBC Capital Markets, UST, Finance, DBS, Strong U.S, Federal Reserve, Reserve Bank of Australia's, Swiss, Thomson Locations: London, Bannockburn, New York, United States, Europe, Tokyo

☆ Japanese yen weakens past psychologically significant 150 per dollar level
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: 1 min

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsNEWYORK/LONDON/TOKYO, Oct 3 (Reuters) - The yen weakened to 150 to the dollar on Tuesday, a level some analysts think could prompt concerned Japanese authorities to intervene to prop up the currency. The dollar rose as high as 150.165 yen, its highest since October 2022, as the greenback pushed higher against most currencies, driven by surging U.S. Treasury yields. Reporting by Alun John in London, Brigid Riley and Kevin Buckland in Tokyo, and Gertrude Chavez-Dreyfuss in New York; Editing by Amanda Cooper and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence Lo, Alun John, Brigid Riley, Kevin Buckland, Gertrude Chavez, Dreyfuss, Amanda Cooper, Jonathan Oatis Organizations: U.S, REUTERS, Treasury, Thomson Locations: TOKYO, London, Tokyo, New York

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. "It's the feeling that the U.S. economy can stomach higher interest rates for a little bit longer," said Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto. "Implicitly it also means that the Fed might not be so quick to cut rates next year either," he said. The Japanese yen weakened 0.31% versus the greenback at 149.77, after falling to 149.90. Investors have been closely watching for signs of intervention in the Japanese currency by the Bank of Japan (BOJ).

Persons: Florence Lo, Kevin McCarthy, Bipan Rai, Edward Moya, Michelle Bowman, Shunichi Suzuki, Chuck Mikolajczak, Marguerita Choy, Alison Williams Organizations: U.S, REUTERS, Federal Reserve, Institute for Supply Management, Congress, Democratic, Republican, Treasury, CIBC Capital Markets, Investors, Bank of Japan, Fed, Bank of Japan's, Japan's Finance, Thomson Locations: U.S, North America, Toronto, New York

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. The yen eased to 149.83 per dollar, its weakest in more than 11 months, moving ever closer to the 150 mark that some traders believe could prompt intervention by Tokyo to support the currency. "If the yen breaks 150 per dollar, which I think is likely, and verbal intervention is not followed by action then we could see dollar-yen at 155." In the broader currency market, sterling was last 0.4% lower at $1.2158, having slid nearly 4% against the dollar in the third quarter. Elsewhere, the Australian dollar slid 0.6% to $0.6395, while the New Zealand dollar edged 0.4% lower to $0.5972, as traders looked ahead to rate decisions from their respective central banks this week.

Persons: Florence Lo, Dane Cekov, Shunichi Suzuki, Jarrod Kerr, Nordea's Cekov, bitcoin, Samuel Indyk, Rae Wee, Shri Navaratnam, Simon Cameron, Moore, Emelia, Alex Richardson Organizations: U.S, REUTERS, Bank of Japan, Bank of Japan's, Finance, Congress, Democratic, Australian, New Zealand, Thomson Locations: Tokyo, Britain, U.S

☆ Medvedev books China Open semi-final with familiar foe Zverev
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +3 min

"I'm happy that I managed to raise my level in important moments, except a game in the second set," Medvedev said. "It's great that I managed to still find in this tough match these moments of consistency, which is enough to win. The 10th-ranked German has lost three times to Medvedev this year but flipped the script in their last meeting in Cincinnati. I'm really happy with that. The Tunisian, who is looking to qualify for the season-ending WTA Finals, plays Marta Kostyuk in the second round.

Persons: Russia's Daniil Medvedev, France's Ugo Humbert REUTERS, Florence Lo, Daniil Medvedev, Ugo Humbert 6, Alexander Zverev, Medvedev, Humbert, Zverev, Chile's Nicolas Jarry, it's, He's, Carlos Alcaraz, Casper Ruud, Grigor Dimitrov, Jannik, Spain's Sara Sorribes Tormo, Frenchwoman Varvara Gracheva, I've, Swiatek, I'm, Coco Gauff, Ekaterina Alexandrova, Ashlyn Krueger, She's, Marta Kostyuk, Shrivathsa Sridhar, Clare Fallon Organizations: China, National Tennis Center, Rights, Chile's, Beijing, Thomson Locations: Beijing, China, Rights BEIJING, Rotterdam, Doha, Dubai, Miami, Russian, Chengdu, Cincinnati, Ningbo, Osaka, Bengaluru

The Commerce Department, which oversees export controls, is working on an update of export restrictions first released last year. "The PRC has been expecting an update around the one year anniversary, based on conversations with administration officials," the U.S. official said, using the abbreviation for People's Republic of China. U.S. officials provided the information to Chinese counterparts in recent weeks, the official said, which Reuters is reporting for the first time. The Biden administration has also sent a series of high-level officials to China, including Commerce Secretary Gina Raimondo in August. Treasury Secretary Janet Yellen also gave Chinese officials a warning in July about restrictions on U.S. investment in China released in August.

Persons: Florence Lo, Biden, Gina Raimondo, Jake Sullivan, Wang Yi, Liu Pengyu, Peter Harrell, Janet Yellen, Xi, ASML, Alexandra Alper, Karen Freifeld, Chris Sanders, Anna Driver Organizations: REUTERS, Beijing, U.S, Commerce Department, People's, Reuters, National, Foreign, of Commerce, White House, Economic Cooperation, Thomson Locations: China, WASHINGTON, People's Republic of China, Beijing, U.S, United States, Washington, Asia, San Francisco, Bali, India, Netherlands, Japan

☆ ATP Roundup: Daniil Medvedev advances to quarters in China
▼ + stars: | 2023-09-30 | by ( ) www.reuters.com time to read: +2 min

[1/5] Tennis - ATP 500 - China Open - National Tennis Center, Beijing, China - September 29, 2023. With the victory, Medvedev won his 40th hard-court match of the season, which leads the tour. When Medvedev meets Ugo Humbert of France in the quarterfinals, it will be Medvedev's 13th quarters match in 18 tournaments this year. Humbert upset another Russian, fifth-seeded Andrey Rublev, 5-7, 6-3, 7-6 (3). Also advancing Saturday was Nicolas Jarry of Chile, who defeated Italian Matteo Arnaldi 6-7 (4), 7-6 (4), 6-3.

Persons: Daniil Medvedev, Tommy Paul of, Florence, Australian Alex de Minaur, Medvedev, de Minaur, Ugo Humbert of France, Humbert, Andrey Rublev, Nicolas Jarry of, Matteo Arnaldi, Alexander Zverev of, Alejandro Davidovich Fokina, Dominic Thiem, Marcos, Thiem, Austrian Sebastian Ofner, Ofner, Alexander Bublik, Tallon Griekspoor, Japan's Sho Shimabukuro, Griekspoor, Sebastian Korda, Nuno Borges Organizations: China, National Tennis Center, U.S, REUTERS, Astana, Marcos Giron, Austrian, Thomson Locations: Beijing, China, Russia, Australian, Nicolas Jarry of Chile, Alexander Zverev of Germany, Spain, Kazakhstan, Netherlands, Portugal

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. Meanwhile, a partial government shutdown is looming, which could affect the release of economic data and potentially dent economic growth. The greenback is up 3.54% against the yen this quarter, following an 8.66% gain last quarter. Core inflation in Japan's capital slowed in September for the third straight month mainly on falling fuel costs, data showed on Friday. The British currency is on track for a quarterly loss of 3.85% against the U.S. dollar, the worst performance in a year.

Persons: Florence Lo, ”, Peter Cardillo, Brown Brothers Harriman, “ We’re, Janet Yellen, Sterling, Karen Brettell, Amanda Cooper, Stephen Culp, David Holmes, Nick Zieminski Organizations: U.S, REUTERS, Spartan Capital Securities, Federal Reserve, Brown Brothers, Republicans, U.S . House, Treasury, U.S ., Thomson Locations: New York, U.S, London

HONG KONG/BEIJING, Sept 28 (Reuters) - China Evergrande Group's (3333.HK) founder is being investigated over suspected "illegal crimes", the embattled developer said on Thursday, as creditors become increasingly concerned about the group's prospects amid an uncertain debt revamp plan and liquidation risk. Evergrande has been working to get creditors' approval for restructuring its offshore debt. The offshore debt restructuring plan now looks set to falter and the risks of the company being liquidated are rising, some analysts said. An Evergrande sign is seen near residential buildings at an Evergrande residential complex in Beijing, China September 27, 2023. "We believe that Evergrande's debt turmoil has had a great turmoil and negative impact on the global economy, and the things behind it are not simple."

Persons: Hui Ka Yan, Evergrande, Hui, Gary Ng, Ng, Florence Lo, They've, Christopher Beddor, Yan Yuejin, Saxo, Redmond Wong, Upasana Singh, Donny Kwok, Scott Murdoch, Ziyi Tang, Anne Marie Roantree, Sumeet Chatterjee, Kim Coghill, Shri Navaratnam, Lincoln, Miral Fahmy, Susan Fenton Organizations: HK, Trading, Asia Pacific, Reuters, REUTERS, Evergrande, China Research, Development Institution, Buyers, China Market, Thomson Locations: HONG KONG, BEIJING, China, Asia, Beijing, Evergrande, Shanghai, Bengaluru, Hong Kong, Sydney

☆ Dollar set for best quarter in a year; yen-watch rumbles on
▼ + stars: | 2023-09-29 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. "We've had resilience in the U.S. economy, in the jobs market, inflation ticking higher and, obviously, the rise in oil prices. "We're not really expecting to see any rate cuts for quite some time, well toward the back end of 2024. Markets are looking ahead to the next data points, starting with key U.S. personal consumption data due later on Friday. The yen last traded at 149.125 to the dollar, which eased 0.13% on the day.

Persons: Florence Lo, Fiona Cincotta, We're, Tony Sycamore, we've, Sycamore, Thomas Barkin, Yasunari Ueno, Brigid Riley, Gerry Doyle, Neil Fullick, Kevin Liffey Organizations: U.S, REUTERS, Treasury, City Index, Federal Reserve, IG, Richmond Fed, Mizuho Securities, Sterling, National Statistics, COVID, Thomson Locations: U.S, City, Tokyo

☆ Tesla's deliveries expected to fall on plant shutdowns, soft demand
▼ + stars: | 2023-09-29 | by ( Aditya Soni | ) www.reuters.com time to read: +4 min

Visitors stand outside barriers surrounding Tesla's new Model 3 sedan displayed at the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 2, 2023. That would mark the first sequential decline in Tesla's deliveries since the second quarter of 2022. In the third quarter, Tesla slashed prices of its Model S and Model X by 14% to 21% in main markets China and the U.S. The company also cut its production plan at its German factory amid soft demand, a report by Business Insider said. The restyled variant comes with a higher price and is expected to launch in Europe and China in the fourth quarter.

Persons: Florence Lo, Tesla, Baird, Guggenheim, LSEG, Thomas Martin, Aditya Soni, Jaspreet Singh, Hyunjoo Jin, Shounak Dasgupta Organizations: Fair for Trade, Services, REUTERS, Barclays, Ford, Reuters, Business Insider, Detroit, General Motors, United Auto Workers, Globalt Investments, Thomson Locations: Beijing, China, Europe, U.S, United States, Bengaluru, San Francisco

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