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[1/3] The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. Beijing needs to pull "multiple levers" at the same time to address the "vulnerabilities" in the financial system, local government financing, as well as consumer sentiment, said Edward Al-Hussainy, head of emerging market fixed income research at Columbia Threadneedle, which owns Country Garden bonds. China property sector slumpShoring up confidence is the biggest challenge facing Beijing and is key to getting homebuyers spending again, which analysts says isn't likely to happen soon given an uncertain economic outlook. Reuters reported last week that Chinese authorities have asked domestic financial behemoth Ping An Insurance Group to take a controlling stake in Country Garden. "You need to fix the macro environment first; if you don't earn enough how do you buy a property?," said Xu, whose firm holds China property dollar bonds.

Persons: Aly, Edward Al, isn't, Morgan Stanley, Ping, Ping An, Elliot Hentov, Steven Xu, Xu, Raymond Cheng, Goldman Sachs, Clare Jim, Davide Barbuscia, Karin Strohecker, Summer Zhen, Rae Wee, Sumeet Chatterjee Organizations: Shanghai Country Garden, REUTERS, HONG KONG, Columbia, Reuters, HK, Economic Work Conference, Reuters Graphics, HIT, Insurance Group, State Street Global Advisors, Country, Harmonia, Bloomberg, China, CIBM Securities, Thomson Locations: Shanghai, China, HONG, Beijing, outflows, Hong Kong, New York, London, Singapore

LONDON (AP) — Russia's State Duma took a step forward Wednesday towards approving its biggest-ever federal budget which will increase spending by around 25% in 2024, with record amounts going on defense. Part of the Russian budget is secret as the Kremlin tries to conceal its military plans and sidestep scrutiny of its war in Ukraine. Analysts suggest Russia is in third place globally for defense spending behind China and the United States, which spends around $850 billion a year. The main driver of that growth is Russia's war in Ukraine, which is now as important to the Kremlin economically as it is politically. If there is a reduction in military spending, or a need to reduce spending which impacts living standards, it could send shockwaves through the Russian economy and significantly impact ordinary people.

Persons: Vladimir Putin, ”, Richard Connolly, Farida Rustamova, Maksim Tovkaylo, Alexandra Prokopenko, Anton Siluanov, “, Connolly, they’ve, ” Prokopenko, Prokopenko, — — David McHugh Organizations: —, Duma, Kremlin, Royal United Services Institute, Independent, Carnegie Russia Eurasia Center, Russian Central Bank, Finance, Defense, Central Bank Locations: — Russia's, Russia, Ukraine, London, China, United States, Russian, West, India, Berlin, Frankfurt

☆ As Biden and Xi meet, Asian manufacturing slowdown returns to a 2020 low, led by a softer China
▼ + stars: | 2023-11-15 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

The GEP Global Supply Chain Volatility Index, produced by S&P Global and GEP, tracks supply chain orders which show rising spare supplier capacity as a result of a pullback in global demand. As President Biden meets with Chinese President Xi Jinping in San Francisco, the Asian manufacturing sector is experiencing a slowdown not seen since the 2020 peak of the Covid pandemic. The GEP index shows a depressed level of demand for raw materials, components, and commodities since manufacturing orders are down. A negative meeting would signal that firms may need to act faster to get in front of an evolving and changing U.S.-China relationship by adjusting their supply chain strategies." The NRF continues to call on the Biden Administration to restart a dialogue with China about the tariffs and ultimately remove them.

Persons: Biden, Xi Jinping, John Piatek, Piatek, Xi, Jon Gold Organizations: P, GEP's, International Monetary Fund, CNBC, Chain Survey, GEP, U.S, Biden, China, National Retail Federation, Biden Administration Locations: U.S, San Francisco, China, North America

☆ National Climate Assessment: 5 takeaways on the US climate report
▼ + stars: | 2023-11-14 | by ( Ella Nilsen | ) edition.cnn.com time to read: +9 min

“Climate change is affecting every aspect of our lives,” Hayhoe told CNN. Here are five significant takeaways from the federal government’s sweeping climate report. Climate change doesn’t cause things like hurricanes or wildfires, but it can make them more intense or more frequent. And hotter and drier conditions from climate change can help vegetation and trees become tinderboxes, turning wildfires into megafires that spin out of control. But it’s not happening nearly fast enough to stabilize the planet’s warming or meet the United States’ international climate commitments, the report explains.

Persons: Katharine Hayhoe, ” Hayhoe, we’re, Rick Curtis, Hilary Swift, Joe Biden, ”, John Podesta, Ethan Swope, Biden, West Virginia –, Scott Brauer, Dave White, White, ” White Organizations: CNN, UN, Texas Tech University, New York Times, ” White, United States, Bloomberg, Getty, Arizona State University, Rockies Locations: Barre , Vermont, Maricopa County, Vermont, Maui, Gulf, Aguanga , California, California, Florida , Louisiana, Texas, Kentucky, West Virginia, rainstorms, China, India, Barnstable , Massachusetts, Southwest, California’s Sierra Nevada, West

☆ A 'once-in-a-generation' factory construction boom won't bow to economic jitters. How investors can play it
▼ + stars: | 2023-11-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

Now, the window is opening on orders for the components that will go into the construction, he added. One of those exchange-traded funds is TCW Transform Supply Chain ETF (SUPP), a play on the reshoring theme. "[Yet] in just [the past] six months, we've added about $300 billion of orders for mega projects," he added. "The United States is experiencing a once-in-a-generation onshoring boom," the company said during its Oct. 27 conference call. Another top holding is Martin Marietta Materials , which produces the aggregates used for construction projects.

Persons: Chris Snyder, Eli Horton, we've, there's, Horton, Snyder, Eaton, Craig Arnold, Arnold, Martin Marietta, Hortons, we're, Michael Bloom, Nick Wells Organizations: UBS, Federal Reserve, hasn't, Steel, Trane Technologies, Waste Management, Martin, Martin Marietta Materials Locations: U.S, United States

☆ Israelis are arming up in the aftermath of Hamas’ attack. Some are worried it is playing to the far right’s vision for the country
▼ + stars: | 2023-11-14 | by ( Tara John | Adi Koplewitz | ) edition.cnn.com time to read: +10 min

“We saw this in the first days of the war, wherever there were weapons, the scale of the disaster was smaller,” Ben Gvir said in a press release. Critics see it as part of a far-right vision to inflame Israeli-Palestinian relations in the country, especially in the Israeli-occupied West Bank. Some in Prime Minister Benjamin Netanyahu’s cabinet, such as Ben Gvir and far-right Finance Minister Bezalel Smotrich, support annexing the West Bank. When CNN asked Ben Gvir at the Caesarea event last week whether his actions were inciting violence against Palestinians, CNN was kicked out of the ceremony. He adds that arming people like that “is only showing what he (Ben Gvir) is trying to cause, which is chaos.”CNN has reached out to Eliasi for comment.

Persons: Itamar Ben Gvir, ’, “, Ben Gvir, ” Ben Gvir’s, Mariam Barghouti, Ben Gvir’s, , ”, Israel, Benjamin Netanyahu’s, Bezalel Smotrich, we’re, we’ll, Itamar Ben, Gvir, William Bonnett, Amichay Eliyahu, Ben, Eliyahu, Roy Malkan, ” Malkan, Yoav Eliasi, Ori Givati, Guy Ben, Israel’s Ben, ” Ben, Porat, Liat Eisner, We’re, Eisner, she’s, Netanyahu’s, I’m Organizations: Jerusalem CNN, Ministry of National Security, West Bank, Power, New York Times, “, Jewish Power, CNN, Palestinian Ministry of Health, The United Nations, Israeli National Security, Israel Defense Forces, Heritage, ”, ” CNN, Reuters, Survey, Israel’s, Gurion University, ” Protesters, Ben, ” Security Locations: Caesarea, Jerusalem, Israel, Judea, Samaria, Palestinian, East Jerusalem, Abdelathim, Qusra, Nablus, Judaea, ”, Ben Gvir’s, Gaza, Tel Aviv, Swiss

If both are calculated in dollar terms, however, Chinese stocks have, by some measures, carried an advantage over the very long term. Many observers say demographics, deleveraging, and de-risking - U.S. firms on-shoring, new supply chains, and trade tensions – will be a considerable long-term drag on Chinese growth. Little wonder, perhaps, that Chinese stocks are so cheap. Reuters Image Acquire Licensing RightsBased on 12-month forward price/earnings multiples, U.S. stocks are twice as expensive as Chinese stocks. For the past 10 years Chinese stocks have been substantially cheaper than U.S. stocks, and most of the decade before that they were usually cheaper too.

Persons: Brendan McDermid, Goldman Sachs, Morgan Stanley, Torsten Slok, Janet Yellen, Lifeng, Colin Graham, Graham, Jamie McGeever, Andrea Ricci Organizations: New York Stock Exchange, REUTERS, Rights, Shanghai, CSI, Reuters, Apollo Global Management, U.S, Treasury, Thomson Locations: New York City, U.S, Rights ORLANDO , Florida, China, Mexico

☆ Opinion: Biden is in trouble
▼ + stars: | 2023-11-10 | by ( Julian Zelizer | ) edition.cnn.com time to read: +7 min

The theory is that, by focusing on reproductive rights, as well as other issues that have strong national support, such as fighting climate change, the Biden campaign will be able to overcome the challenge posed by the president’s low approval rating. There are also serious questions being raised about whether abortion rights are as motivating for voters as some Democrats think. But when it comes to a national election featuring two candidates, abortion may just be one of many issues, with differing political impacts, he argued. According to a New York Times/Siena College poll, former President Donald Trump is currently ahead of Biden in five out of six battleground states. With key voters saying they trust Trump more on issues including immigration, the economy and national security, Biden could be in serious trouble in Arizona, Georgia, Michigan, Nevada and Pennsylvania.

Persons: Julian Zelizer, Joe Biden, Kamala Harris, Biden, George W, Bush’s, Massachusetts Sen, John Kerry, Bush, Hurricane, Kerry, —, David Leonhardt, Tim Ryan, Vance, Leonhardt, Donald Trump, Trump Organizations: CNN, Princeton University, The New York Times, America, Democrats, Republican, GOP, Kerry, Swift, Veterans, Truth, Texas Air National Guard, US Air Force, paragon, Fox News, New York Times, Democratic, Ohio, Siena College, White, Trump Locations: Virginia , Ohio, Kentucky, Massachusetts, Iraq, Vietnam, Michigan, Arizona , Georgia, Nevada, Pennsylvania

☆ What's Warner Bros. Discovery's next move? David Zaslav and John Malone offer clues
▼ + stars: | 2023-11-09 | by ( Alex Sherman | ) www.cnbc.com time to read: +7 min

In this article WBDPARA Follow your favorite stocks CREATE FREE ACCOUNTDavid Zaslav, CEO and president of Warner Bros. Media company valuations have been plummeting amid streaming video losses, traditional TV subscriber defections, and a down advertising market. Warner Bros. Warner Bros. Warner Bros.

Persons: David Zaslav, John Malone, Malone, David Faber, Zaslav, Faber, Bob Bakish, Simon & Schuster, Shari Redstone, David A, Peacock, Brian, Roberts, Puck's Dylan Byers, Warner Organizations: Warner Bros ., Liberty Media, Liberty Global, Qurate Retail Group, CNBC, Reuters Warner Bros, Media, Warner Bros, Discovery, Sirius XM, Sirius, Paramount Global, Paramount, Viacom, CBS, Allen, Co . Media, Technology Conference, Grogan, CNBC Paramount Global, Comcast, U.S, NBC Locations: U.S, Sun Valley , Idaho

☆ Stocks look pricey, the economy is showing cracks, and the Fed is an enemy to markets, says deputy chief investor of a $96 billion money manager
▼ + stars: | 2023-11-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Jeffrey Sherman touted bonds over stocks and flagged signs of weakness in the US economy. DoubleLine's deputy chief investor told Insider the Federal Reserve is an "enemy to everything." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementBonds are more enticing than stocks, the US economy is showing cracks, and the Federal Reserve is an enemy to investors, according to Jeffrey Sherman. He warned investors against trusting the central bank to balance inflation and growth while also shoring up asset prices.

Persons: Jeffrey Sherman, Sherman, —, Jeffrey Gundlach's, TCW, scrambles Organizations: Reserve, Service, Federal Reserve, Bank, Fed

☆ John Fetterman says Gavin Newsom is lowkey running for president against Joe Biden but doesn't have 'the guts' to announce it and go all in
▼ + stars: | 2023-11-07 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Gavin Newsom doesn't want to admit that he's running for president. Fetterman talked about Newsom during an Iowa Democratic Party dinner on Saturday, per NBC News. Gavin Newsom of California doesn't have "the guts" to admit that he's running a shadow campaign for the 2024 Democratic presidential nomination. "There are two additional Democrats running for Pennsylvania, excuse me, running for president right now," Fetterman said at an Iowa Democratic Party dinner on Saturday, per NBC News. "You may be termed out here, but does cleaning up the streets of California factor into a potential presidential run?"

Persons: Sen, John Fetterman, Gavin Newsom doesn't, Fetterman, Newsom, —, Gavin Newsom, Dean Phillips, Phillips, he'd, Biden, Xi Jinping, who's, Xi, Ron DeSantis, DeSantis, Sean Hannity, It's, Cecilia Vega, Vega Organizations: Iowa Democratic Party, NBC, Service, Democratic, Gov, South Carolina Democratic, Oval, Tribune, Politico, Florida Gov, Fox News Locations: California, Pennsylvania, Minnesota, Austin, China, Florida

☆ Developing countries owe China at least $1.1 trillion – and the debts are due
▼ + stars: | 2023-11-07 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —Developing countries owe Chinese lenders at least $1.1 trillion, according to a new data analysis published Monday, which says more than half of the thousands of loans China has doled out over two decades are due as many borrowers struggle financially. Now, 55% of China’s official sector loans to developing countries have entered their repayment periods, according to the analysis of more than two decades of China’s overseas funding across 165 countries released by AidData. Instead, China is providing substantial numbers of emergency rescue loans, according to AidData. Overall funding commitments from China to the developing world declined at the start of the pandemic, according to AidData. Half of China’s non-emergency lending portfolio to developing countries is now provided via syndicated loan arrangements, with more than 80% of these arrangements involving those Western or multilateral partners, they said.

Persons: William & Mary, Xi Jinping, ”, Brad Parks, Hajarah Nalwadda, ’ AidData, ” Parks, “ Organizations: Hong Kong CNN, William &, Initiative, AidData, CNN, “, Bank of International, Getty, World Bank Locations: China, Hong Kong, Virginia, Beijing, America, Southeast Asia, Switzerland, Kiryandongo, Uganda, Xinhua, United States, AidData, Zambia, Ghana

DBS, which is also Southeast Asia's largest lender, has already forecast a record full-year profit for the current year. "Net profit (for 2024) to be maintained around record 2023 level," CEO Piyush Gupta said in results presentation materials. The bank's July-September net profit rose to S$2.63 billion ($1.94 billion) from S$2.24 billion a year earlier as total income grew to a record on higher interest margins and fee income. Besides higher global interest rates, Singapore banks have benefitted from strong inflows of wealth drawn in by the city-state's political stability. Smaller peer United Overseas Bank (UOBH.SI) reported in end-October a weaker-than-expected 1% drop in third-quarter net profit.

Persons: Ann Wang, Piyush Gupta, Gupta, Yantoultra Ngui, Josie Kao Organizations: DBS, REUTERS, Bank, Q3 SINGAPORE, LSEG, United Overseas Bank, Chinese Banking Corp, Thomson Locations: Taipei, Taiwan, Singapore

☆ 4 big takeaways from earnings season as Wall Street digests surprisingly resilient corporate results
▼ + stars: | 2023-11-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

The S&P 500 looks on track to have the strongest earnings season since the third quarter of 2021. Earnings are telling markets four things about the state of the economy, Bank of America says. Bank of America in a note on Monday pointed to so-far resilient earnings season, despite earlier concerns on Wall Street over a sustained slowdown in corporate profits. Meanwhile, revenue per worker in the S&P 500 is approaching its highest level since 2008, despite sales slowing down. Investors, though, are still waiting on the rest of S&P 500 firms to report their financials over the next few weeks.

Persons: — Organizations: Bank of America, Service, Pfizer, Merck

☆ Multinationals plan moves to minimise China risk, ECB survey shows
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023. Seeking on-the-ground confirmation, the ECB surveyed 65 very large firms with a global footprint and 49% said they were looking to "near-shore", or bring production closer to the point of sales. "As to those countries which posed – or could pose – a risk to supply chains in their sector more generally, two-thirds of all respondents cited China," the ECB said in an Economic Bulletin article. "A large majority of these identified China as that country, or one of those countries, with all of them considering this an elevated risk," the ECB added. The moves could also fuel inflation as close to half of firms said they expected the changes to result in higher prices, the paper added.

Persons: Heiko Becker, Balazs Koranyi, Andrew Heavens Organizations: European Central Bank, REUTERS, Rights, ECB, European, Thomson Locations: Frankfurt, Germany, China, Ukraine

☆ Saudi Arabia’s oil production cuts have tipped its economy into reverse
▼ + stars: | 2023-11-03 | by ( Aimee Look | ) edition.cnn.com time to read: +2 min

Abu Dhabi CNN —Saudi Arabia’s economy has jolted into reverse, after the world’s largest crude oil exporter slashed output to prop up prices. Saudi oil production to nine million barrels per day in July as the biggest player in the OPEC+ alliance joined forces with Russia to restrict supply amid signs of weakening demand because of a slowing global economy. “We expect [oil] production to remain low until the end of this year, with a slow unwind in early 2024,” Oxford Economics analysts wrote in a note published Friday. Saudi Arabia’s oil cuts were aimed at stabilizing global oil markets, according to Raif Weigert, Economics Director for the Middle East and North Africa at S&P Global Market Intelligence. While other Gulf states have also come under economic pressure from cuts to oil production, the United Arab Emirates economy has continued to grow.

Persons: Raif, Weigert, “ Organizations: Abu Dhabi CNN — Saudi, Oxford, Monetary Fund, P Global Market Intelligence, “, Saudi, United Arab Locations: Abu Dhabi, Saudi, OPEC, Russia, East, North Africa, United Arab Emirates, UAE

☆ Yellen: Indo-Pacific allies should not have to choose between US, China
▼ + stars: | 2023-11-02 | by ( David Lawder | ) www.reuters.com time to read: +5 min

Janet Yellen, United States Secretary of Treasury, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Yellen said the U.S. instead was pursuing the "de-risking and diversifying" of its economic ties to China, by investing in manufacturing at home and by strengthening linkages with allies and partners around the world, including Indo-Pacific countries. TRADE, INVESTMENT LINKSYellen said the Biden administration was committed to expanding trade and investment with Indo-Pacific countries, emphasizing the region's strategic importance ahead of the APEC gathering. The Indo-Pacific is a dynamic and rapidly growing region. "And achieving resilience through partnering with Indo-Pacific countries means gains for Indo-Pacific economies as well," Yellen said.

Persons: Janet Yellen, Seth Wenig, Yellen, White, Joe Biden, Xi Jinping, Biden, Donald Trump, David Lawder, Diane Craft Organizations: Treasury, Rights, . Treasury, Asia Pacific Economic Cooperation, Asia Society, APEC, Prosperity, Thomson Locations: United States, New York, U.S, China, San Francisco, IPEF, Vietnam

☆ Why Microsoft's AI assistant gives the tech giant a new edge in AI race
▼ + stars: | 2023-11-01 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Microsoft 's (MSFT) new AI assistant tool should help the software giant solidify its lead among its Big Tech peers in the race to dominate artificial intelligence. We'll see how fast adoption takes place, but you could certainly see a snowball effect," said Zev Fima, a portfolio analyst at the Investing Club. MSFT YTD mountain Microsoft (MSFT) year-to-date performance Copilot is Microsoft's latest in a series of moves over the last year to integrate AI into its offerings. Analysts at the firm forecasted that the AI tool could generate more than $10 billion in annualized revenue for the company by 2026. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: It's, Zev Fima, OpenAI's, Satya Nadella, Nadella, Piper Sandler, Jim Cramer's, Jim Cramer, Jim Organizations: Microsoft, Big Tech, Investing, OpenAI's ChatGPT, Fortune, Sunday, CNBC, X, Media, Getty Locations: Cologne, Germany

☆ How the Fed is using its multi-trillion-dollar balance sheet to fight inflation
▼ + stars: | 2023-10-29 | by ( Bryan Mena | ) edition.cnn.com time to read: +9 min

Washington, DC CNN —The Fed’s fight against inflation is about to enter a new phase, but the central bank’s enormous balance sheet will continue to play a key role. The Fed also manages a multi-trillion-dollar balance sheet that accounts for trillions in government securities and lists how much currency is in circulation. For over a year now, the Fed has been steadily shrinking its balance sheet to help cool the economy. The Fed’s balance sheet is currently at around $7.9 trillion, down from its peak of $9 trillion in early 2022 right before the runoff. They also see alternative scenarios for the end of the balance sheet runoff if there isn’t a recession.

Persons: that’s, Lael Brainard, What’s, Wells, Jerome Powell, JPMorgan Chase’s Jamie Dimon, Jamie Dimon, Krystal Hur, Dimon —, Mr, Dimon, JPMorgan Chase, what’s, Estee Lauder, Kraft Heinz, Yum, Bausch, Eli Lilly, Molson Organizations: CNN Business, Bell, DC CNN, Congress, Fed, Wall Street, JPMorgan, JPMorgan Chase, CNN, HSBC, McDonald’s, China’s National Bureau of Statistics, Bank of Japan, Pfizer, Caterpillar, Marathon Petroleum, Sirius XM, Anheuser, Busch, BP, Chesapeake Energy, US Labor Department, Global, Board, CVS, GSK, Humana, Reuters, Apollo Global Management, Brands, Garmin, Cruise Line Holdings, Qualcomm, Airbnb, PayPal, MetLife, Aflac, AIG, Allstate, Prudential, P Global, Institute for Supply Management, Federal Reserve, ConocoPhillips, Starbucks, Duke Energy, Shopify, Ferrari, Marriott International, Moderna, Fox, Molson Coors, Hyatt, Apple, Motorola, Bank of England, Dominion Energy, Gartner, Restaurant Brands Locations: Washington, Treasuries, China’s, Mondelez, DoorDash, Avis, Shell, Cigna

Republic First, which has about $6 billion in assets, operates branches in Pennsylvania, New Jersey and New York. Photo: Breanna Denney/The Wall Street JournalA Philadelphia bank struggling to stay afloat is nearing a deal with an investor group aimed at shoring up its finances, a sign that smaller lenders are still under stress after a wave of failures shook the industry earlier this year. Republic First Bancorp is set to receive a $35 million infusion from a group of existing investors led by George Norcross III, Philip Norcross and Gregory Braca , according to people familiar with the matter. The bank is in talks to raise another $40 million to $65 million from additional investors.

Persons: Breanna Denney, George Norcross III, Philip Norcross, Gregory Braca Organizations: Republic First Bancorp Locations: Pennsylvania , New Jersey, New York, Philadelphia, Republic

Republic First, which has about $6 billion in assets, operates branches in Pennsylvania, New Jersey and New York. Photo: Breanna Denney/The Wall Street JournalA Philadelphia bank struggling to stay afloat agreed to a deal with an investor group aimed at shoring up its finances, a sign that smaller lenders are still under stress after a wave of failures shook the industry earlier this year. Republic First Bancorp is set to receive a $35 million infusion from a group of existing investors led by George Norcross III, Philip Norcross and Gregory Braca , the bank said, confirming an earlier Wall Street Journal report. The bank is in talks to raise another $40 million to $65 million from additional investors.

Persons: Breanna Denney, George Norcross III, Philip Norcross, Gregory Braca Organizations: Republic First Bancorp Locations: Pennsylvania , New Jersey, New York, Philadelphia, Republic

A worker stores aluminium ingots at the foundry shop of the Rusal Krasnoyarsk aluminium smelter in Krasnoyarsk, Russia October 3, 2018. China, meanwhile, is emerging as an increasingly important market for Rusal's finished products as Western appetite for Russian metal shrinks. China shipped over a million metric tons of alumina in 2022, of which 843,000 metric tons went to Russia. China's imports of primary aluminium vs Russian-brand metalCHINA IMPORTS MORE RUSSIAN METALWhile Chinese alumina has been flowing to Russia, increasing quantities of Russian aluminium have also been entering China. But the world's largest producer is now operating close to a government-mandated capacity cap of 45 million metric tons.

Persons: Ilya Naymushin, Rusal, China wouldn't, Tomasz Janowski Organizations: REUTERS, Rusal's, GAP, London Metal Exchange, Reuters, Thomson Locations: Krasnoyarsk, Russia, Hebei Wenfeng, Queensland, Australia, China, Ukraine, Russian, mushrooming, CHINA, Volgograd, Novokuznetsk, Siberia, Yunnan

The presidential race is expected to be dominated by three men - Defence Minister Prabowo Subianto, 72, and popular former governors Ganjar Pranowo and Anies Baswedan, both 54 years of age. The camps of Anies and Ganjar have signalled they will register and present their policy platforms at the election commission on Thursday, when a seven-day window opens to join the five-yearly contest. Opinion polls show Ganjar neck-and-neck with Prabowo, who is making a third run at the presidency having lost to Jokowi in 2014 and 2019. Former special forces commander Prabowo has yet to announce his vice presidential running mate, an issue that has dominated headlines in recent days amid speculation he will be joined by Jokowi's 36-year-old son, Gibran Rakabuming Raka. Reporting by Stanley Widianto; Additional reporting by Ananda Teresia; Editing by Martin PettyOur Standards: The Thomson Reuters Trust Principles.

Persons: Pranowo, Mohammad Mahfud Mahmodin, Joko Widodo, Prabowo Subianto, Ganjar Pranowo, Anies Baswedan, Prabowo, Anies, Mahfud, Muhaimin Iskandar, Gibran Rakabuming Raka, Stanley Widianto, Ananda Teresia, Martin Petty Organizations: Indonesian Democratic Party, Struggle, Defence, Jokowi, Former Jakarta, Islamic, Jokowi's, Constitutional, Prabowo, Thomson Locations: Jakarta, Indonesia, JAKARTA, Anies

German Chancellor Olaf Scholz's coalition unveiled in July a strategy toward de-risking Germany's economic relationship with China, calling Beijing a "partner, competitor and systemic rival". German investment in Asia excluding China is rising as a share of overall investment. "No company is going to say that it will leave China," said Sandra Ebner, senior economist at Union Investment, Germany's second-largest fund manager. "But what companies are increasingly doing is to produce in China for China and to position themselves around China for the remaining Asian or global market." In July, German Economy Minister Robert Habeck travelled to India with a delegation of executives to discuss opportunities for German companies.

Persons: Thomas Nuernberger, Nuernberger, Olaf Scholz's, Volker Treier, Munk, Ferdinand Munk, Scholz, Angela Merkel's, Martin Brudermueller, Max Zenglein, Juergen Matthes, Markus Horn, Matthias Bianchi, Joe Biden, Wolfgang Niedermark, Jan Roennfeld, Roennfeld, Sandra Ebner, BDI's Niedermark, Robert Habeck, Christoph Steitz, Sarah Marsh, Maria Martinez, Aditya Kalra, Sarita Chaganti Singh, Xinghui, Orathai, Brenda Goh Organizations: Reuters, Commerce and Industry, Volkswagen, Mercedes, Benz, BASF, IW Institute, Big, Mercator Institute for China Studies, Economic Institute, Horn, German Association of, Indonesian Chamber of Commerce, Union Investment, Thomson Locations: FRANKFURT, BERLIN, Berlin, Beijing, China, Taiwan, India, Asia, Germany, Europe, Vietnam, South Korea, Indonesia, South China, European, Thailand, United States, Mexico, Indonesian, Eastern Germany, Malaysia, Frankfurt, New Delhi, Xinghui Kok, Singapore, Bangkok, Shanghai

☆ Biden has 'tough questions' for Netanyahu, Gaza strike upends Israel trip
▼ + stars: | 2023-10-17 | by ( Steve Holland | ) www.reuters.com time to read: +4 min

After his meetings in Israel, Biden had planned to travel to Jordan for meetings with Arab leaders, but that stop was canceled after the strike on the hospital which Palestinian officials blamed on Israel and Israel blamed on the Palestinian Islamic Jihad group. "He'll be asking some tough questions, he'll be asking them as a friend, as a true friend of Israel, but he'll be asking some questions of them," Kirby said. Kirby declined to specify the nature of the questions Biden intended to ask beyond "what their plans are going forward." [1/4]U.S. President Joe Biden walks as he departs Joint Base Andrews for a high-stakes visit to Israel, in Maryland, U.S., October 17, 2023. It was unclear what he could accomplish in the wake of the hospital strike, conflicting reports about responsibility, and the cancellation of the summit in Jordan.

Persons: Joe Biden, Biden, Benjamin Netanyahu, Israel, Netanyahu, John Kirby, he'll, Kirby, Base Andrews, Evelyn Hockstein, Richard Gowan, U.N, ” Biden, Jordan's King Abdullah, Abdel Fattah al, Mahmoud Abbas, Abbas, Rashida Tlaib, Steve Holland, Michelle Nichols, Matt Spetalnick, Jeff Mason, Cynthia Osterman, Stephen Coates Organizations: AIR FORCE ONE, Islamic, Air Force, Base, REUTERS, Washington, Crisis, Israeli, U.S, American, Palestinian, Democrat, Council, Islamic Relations, Thomson Locations: Gaza, Israel, Jordan, Tel Aviv, United States, Maryland, U.S, Amman, Egypt

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