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Bostic was partly responding to the outburst of violence in Israel and Gaza, said Joseph Trevisani, senior analyst at FXStreet in New York. "You can pretty much count on the Fed taking that into its world view and that's only going to be lower rates." U.S. Treasuries rallied, pushing two-year yields to their lowest in a month, as safe-haven demand was driven by the ongoing Mideast bloodshed and dovish Fed comments. The yield on the 10-year U.S. Treasury , which moves inversely to the price, was down 12.5 basis points at 4.6571%. The Swiss franc , a traditional safe-haven currency, was at 0.9045 to the dollar, which weakened about 0.21%.

Persons: Dado Ruvic, Raphael Bostic, Bostic, Joseph Trevisani, Treasuries, Shaun Osborne, Israel's shekel, They're, Chris Turner, Herbert Lash, Harry Robertson, Tom Westbrook, Simon Cameron, Moore, Susan Fenton, Sharon Singleton, Jonathan Oatis, Mark Heinrich, Richard Chang Organizations: REUTERS, Federal Reserve, Atlanta Fed, Fed, American Bankers Association, U.S, Scotiabank, Traders, Bloomberg, Analysts, Columbus, Kyodo, Bank of Japan, . Treasury, ING, Swiss, Thomson Locations: China, U.S, Israel, Gaza, New York, Toronto, Palestinian, London, Singapore

☆ EU plans anti-subsidy probes to secure steel deal with US
▼ + stars: | 2023-10-10 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +4 min

A worker walks past steel rolls at the Chongqing Iron and Steel plant in Changshou, Chongqing, China August 6, 2018. Washington has asked Brussels to move against Chinese steel producers in particular in return for avoiding the re-imposition of Trump-era tariffs on EU steel and aluminium, with an end-October deadline to reach an agreement. Washington has said it wants to prevent "leakage" of Chinese steel and aluminium into the U.S. market. China's shipments have steadily fallen since 2015, when they made up 25% of EU steel imports in volume terms, to below 10% since 2018, according to EU steelmakers federation Eurofer. The extra annual emissions would by 2026 be more than the CO2 emissions of the entire EU steel sector, he said.

Persons: Damir Sagolj, Joe Biden, Ursula von der Leyen, Charles Michel, Washington, Axel Eggert, der Leyen, Nilutpal, Philip Blenkinsop, Amy Lv, Simon Cameron, Moore, Mark Potter, Matthew Lewis Organizations: Chongqing Iron, REUTERS, Rights, European, Trump, Financial Times, European Union, European Commission, EU, World Trade Organization, China's Ministry of Commerce, Thomson Locations: Chongqing, Changshou, China, Rights BRUSSELS, United States, European, EU, Brussels, Washington, U.S, East, North Africa, Bengaluru, Beijing

Moves were relatively muted as traders waited for more Fed officials to speak later in the day, as well as minutes from the last Fed meeting to be released on Wednesday and U.S. inflation data on Thursday. The euro was last up 0.12% against the dollar at $1.0581. The dollar index , which tracks the greenback against six peers, was last up less than 0.1% at 106.05. The Swiss franc , a traditional safe-haven currency, was last flat, with the dollar trading at 0.9068 francs. Fed officials Raphael Bostic, Christopher Waller, Neel Kashkari and Mary Daly are due to speak later on Tuesday.

Persons: Dado Ruvic, Simon Harvey, Israel's shekel, They're, Chris Turner, Israel, Raphael Bostic, Christopher Waller, Neel Kashkari, Mary Daly, Harry Robertson, Tom Westbrook, Sam Holmes, Simon Cameron, Moore, Susan Fenton, Sharon Singleton Organizations: REUTERS, Hamas, Bloomberg, Columbus, Treasury, Kyodo, Bank of Japan, . Treasury, ING, Swiss, Thomson Locations: SINGAPORE, China, Israel, Palestinian, Gaza, London, Singapore

☆ Dollar stalls as dovish Fed tone dials down rate expectations
▼ + stars: | 2023-10-10 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSINGAPORE, Oct 10 (Reuters) - The dollar remained steady against major peers on Tuesday, after a pause in its rally following a slight dovish shift in Federal Reserve officials' tone. "If long-term interest rates remain elevated because of higher term premiums, there may be less need to raise the Fed funds rate," said Dallas Fed president Lorie Logan -- a notable shift from previously hawkish rhetoric. Fed Vice Chair Philip Jefferson said the central bank would need to "proceed carefully" given the recent rise in yields. "There are another 13 Fed speakers scheduled this week which could see this theme develop further," said analysts at Westpac. "The idea that the increases in bond yields have done part of the tightening job appears to be gaining traction among some Fed officials," said OCBC rates strategist Frances Cheung.

Persons: Dado Ruvic, Lorie Logan, Philip Jefferson, Frances Cheung, Ken Cheung, Tom Westbrook, Sam Holmes, Simon Cameron, Moore Organizations: REUTERS, Rights, Federal, New, East, Swiss, Palestinian, Dallas, Fed, Westpac, Columbus, People's Bank of, Thomson Locations: Rights SINGAPORE, Asia, New Zealand, Israeli, Israel, Tokyo, People's Bank of China

☆ EU plans anti-subsidy probe into Chinese steelmakers - FT
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +1 min

A worker walks past steel rolls at the Chongqing Iron and Steel plant in Changshou, Chongqing, China August 6, 2018. REUTERS/Damir Sagolj/File photo Acquire Licensing RightsOct 10 (Reuters) - The European Union is planning to announce anti-subsidy investigations against Chinese steelmakers at a summit with the U.S. this month, the Financial Times reported on Tuesday. Washington had asked Brussels to move against Chinese steel producers in return for avoiding the re-imposition of Trump-era tariffs on EU steel, the newspaper said. In September, Brussels launched an investigation into whether to impose punitive tariffs to protect EU producers against cheaper Chinese electric vehicle (EV) imports it says are benefiting from state subsidies. Additional reporting by Amy Lv in Beijing; Editing by Jacqueline Wong & Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Damir Sagolj, Washington, Joe Biden, Ursula von der Leyen, Charles Michel, Nilutpal, Amy Lv, Jacqueline Wong, Simon Cameron, Moore Organizations: Chongqing Iron, REUTERS, European, U.S, Financial Times, Trump, China's Ministry of Commerce, EVs, Thomson Locations: Chongqing, Changshou, China, Brussels, Beijing, Bengaluru

☆ Paraguay's Biggest Prison Set Ablaze, Rioting Inmates Take Guards Hostage
▼ + stars: | 2023-10-10 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

ASUNCION (Reuters) - Inmates at Paraguay's largest prison rioted on Tuesday, taking 11 guards hostage and setting fire to facilities in the crowded Tacumbu penitentiary on the outskirts of the capital. Two hostages were later released as government and military forces responded to the revolt, according to Interior Minister Enrique Riera. Tacumbu houses nearly 4,000 inmates in a ramshackle, tin-roof building and, according to local security experts, gangs exert near-total influence over life inside. Police braced behind riot shields while the entrance to the prison was in flames, though authorities said later that firefighters had brought the blaze under control. Interior Minister Riera said Paraguay would push for prison reform once the riot was quelled.

Persons: Enrique Riera, Riera, Daniela Desantis, Kylie Madry, Simon Cameron, Moore Organizations: Police Locations: ASUNCION, Paraguay

A view of damaged vehicles after flash floods, caused by a lake burst in Singtam, Sikkim, India, October 8, 2023. REUTERS/Francis Mascarenhas Acquire Licensing RightsRANGPO, India, Oct 9 (Reuters) - The death toll from flash floods unleashed by a glacial lake bursting its banks in India's Himalayas climbed to 74 on Monday with 101 people still missing days after the calamity struck, according to provincial officials. He said 101 people were still missing in the latest of a series of natural disasters caused by extreme weather events in the Himalayas. Fourteen army personnel were among the missing, a defence ministry statement said. Parveen Shama, the top district official of Jalpaiguri in West Bengal, said 41 bodies were found in the district.

Persons: Francis Mascarenhas, Vijay Bhushan Pathak, Parveen Shama, Mukesh Kumar, Kumar, Baiju Sharma, Sharma, Subrata Nag Choudhury, Mayank Bhardwaj, Simon Cameron, Moore Organizations: REUTERS, Residents, Reuters, Thomson Locations: Singtam, Sikkim, India, Lohnak, Gangtok, Sikkim's, West Bengal, Jalpaiguri, Nepal, Bhutan, China, Rangpo, Kolkata

☆ 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

Treasury yields later receded on a cooler-than-expected U.S. private payrolls report that helped stocks on Wall Street rebound from Tuesday's sharp sell-off. "The market was so over-sold that it was looking for a catalyst to rally on and found it in ADP." The yield on 10-year Treasury notes touched 4.884%, a fresh 16-year high, while 30-year Treasury yields rose above 5% for the first time since August 2007. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsAustralian, Canadian and British government bond yields have also surged this week. Gold prices crept lower for the eighth consecutive session as elevated Treasury yields amid expectations that the Fed will keep rates higher for longer weighed on investor sentiment.

Persons: Kim Rupert, Rupert, Rhys Williams, Brendan McDermid, Kit Juckes, Brent, Herbert Lash, Tom Wilson, Tom Westbrook, Simon Cameron, Moore, Will Dunham, Mark Potter Organizations: Treasury, ADP, Management, Institute for Supply Management, Federal Reserve, Dow Jones, Nasdaq, Bank of Japan, New York Stock Exchange, REUTERS, Rights Australian, U.S ., Thomson Locations: San Francisco, Bryn Mawr , Pennsylvania, U.S, New York City, Asia, Pacific, Japan, Tokyo, Russia, London, Sydney

European stocks (.STOXX) tumbled as much as 0.6% before clawing back some ground, with indexes in France (.FCHI) and Germany (.GDAXI) both posting losses. Thirty-year Treasury yields also rose above 5% for the first time since August 2007. Earlier, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) had fallen 1.3%, its second straight daily drop of over 1%. In commodity markets, the stronger dollar has helped put the brakes on oil prices and higher yields have weighed on gold. Reporting by Tom Wilson and Tom Westbrook; Editing by Simon Cameron-Moore and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Issei Kato, Sandrine Perret, it's, Mel Siew, Kit Juckes, Tom Wilson, Tom Westbrook, Simon Cameron, Moore, Mark Potter Organizations: U.S ., Nikkei, REUTERS, LONDON, Bank of Japan, Muzinich, Co, THE, Federal, Treasury, Brent, . West Texas, Thomson Locations: Tokyo, Japan, SINGAPORE, France, Germany, Unigestion, Asia, Pacific, Singapore

☆ Russia may partially lift ban on diesel exports soon - Kommersant
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Tatiana Meel/File photo Acquire Licensing RightsOct 4 (Reuters) - The Russian government is ready to partially lift its ban on diesel exports in coming days, the daily Kommersant reported on Wednesday, citing unidentified sources. The ban on gasoline exports will remain in force for now. Russian exports of diesel are the largest of all types of oil products. Russia's gasoline and diesel prices have continued to slide on the local exchange. Since the ban was introduced, gasoline prices have declined by almost 10%, while diesel prices plummeted by 23%.

Persons: Tatiana Meel, Alexander Novak, Novak, JP Morgan, Lidia Kelly, Vladimir Soldatkin, Simon Cameron, Moore, Kim Coghill Organizations: REUTERS, Kommersant, FGE Energy, Thomson Locations: Nakhodka Bay, Nakhodka, Russia, Russian, Melbourne, Moscow

☆ Flights cancelled, work suspended as typhoon Koinu grinds towards Taiwan
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

TAIPEI, Oct 4 (Reuters) - Typhoon Koinu grinded towards southern Taiwan on Wednesday bringing heavy rain and winds and causing the cancellation of 70 domestic flights and suspension of work and schools in urban areas in southern parts of the island from the evening. Kaohsiung and its neighbouring city of Tainan said they would suspend work and classes from 6 pm (1000GMT) on Wednesday as the weather worsens. After passing through Taiwan, the typhoon will head towards southern China's Guangdong and Fujian provinces and then Hong Kong, where it is likely to weaken further to become a tropical storm. Hong Kong's Weather Observatory said Koinu will enter within 800 km (500 miles) of the financial hub on Wednesday afternoon. Reporting by Ben Blanchard; Additional reporting by Farah Master in Hong Kong; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Koinu, Ben Blanchard, Farah Master, Simon Cameron, Moore Organizations: Wednesday, Thomson Locations: TAIPEI, Taiwan, Taitung, Taiwan Strait, Pingtung, Hualien, Kaohsiung, Tainan, Guangdong, Fujian, Hong Kong

Ministers from the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, known as OPEC+, held an online meeting. The panel, named the Joint Ministerial Monitoring Committee, can call for a full OPEC+ meeting if warranted. Saudi Energy Minister Prince Abdulaziz bin Salman, who chairs the JMMC, last month said OPEC+ cuts were needed to stabilise the market, and prices were not being targeted. Ahead of the meeting, OPEC+ sources had told Reuters that policy was likely to remain steady although with oil rallying, some analysts had cited an increasing probability the Saudi voluntary cuts will be reduced. The next JMMC meeting is on Nov. 26, the statement said, the same day as the next scheduled full meeting of OPEC+ to decide policy.

Persons: Ramzi Boudina, Prince Abdulaziz bin Salman, Ahmad Ghaddar, Olesya Astakhova, El, Alex Lawler, Simon Cameron, Moore, Elaine Hardcastle Organizations: Organization of, Petroleum, REUTERS, LONDON, Oil, Brent, Saudi, Saudi Energy, Reuters, Thomson Locations: Algiers, Algeria, Saudi Arabia, Russia, MOSCOW, DUBAI, OPEC, Saudi

A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk/File Photo Acquire Licensing RightsOct 3 (Reuters) - Oil prices slipped 1% in early Asian trade on Tuesday, after falling to a three-week low in the previous session, on a stronger U.S. dollar, rising U.S. bond yields and mixed supply signals. "(Brent) crude oil prices slid to (around) $90 a barrel as rising US yields and a stronger US dollar dominated market sentiment," ANZ analysts said in a client note. Higher interest rates along with a stronger dollar also makes oil more expensive for holders of other currencies, which could dent oil demand. BMI Research analysts said "given that the global economy is slowing, the group will likely want to maintain their current cuts, while signposting the scope for further reductions, if market conditions demand it."

Persons: Alexander Manzyuk, Brent, Laura Sanicola, Trixie Yap, Shri Navaratnam, Simon Cameron, Moore Organizations: REUTERS, . West Texas, ANZ, U.S ., U.S, Reserve, BMI Research, Organization of, Petroleum, Thomson Locations: Republic of Tatarstan, Russia, Iraq, OPEC

☆ India-Canada ties fray in dispute over Sikh separatist killing
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +3 min

Hardeep Singh Nijjar was shot dead by unidentified gunmen outside a Sikh temple on June 18 in a Vancouver suburb. * Indian Prime Minister Narendra Modi conveyed strong concerns about Sikh separatist protests in Canada to Prime Minister Justin Trudeau on the sidelines of a G20 summit in New Delhi on Sept. 10. * Canada postponed a trade mission to India planned for October led by Trade Minister Mary Ng, a spokesperson for the minister said on Sept. 15. * India suspended issuing new visas for Canadians on Sept. 22 and asked Ottawa to reduce its diplomatic presence in India. * India's steel secretary told reporters on Sept. 28 that Indian exports to Canada were marginal and have not been affected by the diplomatic row.

Persons: Nanak, Hardeep Singh Nijjar, Chris Helgren, Justin Trudeau, Narendra Modi, Mary Ng, Trudeau, Nijjar, Shivam Patel, YP Rajesh, Simon Cameron, Moore Organizations: REUTERS, Financial Times, Canadian, Trade, Reuters, JSW Steel, Teck Resources, YP, Thomson Locations: Surrey, British Columbia, Canada, DELHI, India, Vancouver suburb, New Delhi, Canadian, U.S, Australia, Britain, Teck, Ottawa

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

☆ Stocks make meandering start to quarter; yen hits near 1-year low
▼ + stars: | 2023-10-02 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

The yen fell to within a whisker of 150-per-dollar and its weakness is a boon for exporters' and the pricing of their foreign earnings in yen. European futures rose 0.2%. Japanese stocks were also boosted by the Bank of Japan's quarterly Tankan survey, which showed an improvement in business sentiment. In the Treasury market 10-year yields rose 4 bps to 4.6124% and the two-year yield rose 3.7 bps to $5.0832%. Crude oil steadied after late-week fallsBrent December crude futures rose 16 cents, or 0.2%, to $92.36 a barrel.

Persons: Issei Kato, Christopher Wong, Brent, Kevin Buckland, Tom Westbrook, Edwina Gibbs, Simon Cameron, Moore Organizations: U.S, REUTERS, Rights, Japan's Nikkei, Bank, Bank of Japan, Futures, Treasury, New, . West Texas, Thomson Locations: Tokyo, Japan, U.S, India, Hong Kong, China, Asia, Pacific, New Zealand, Singapore

☆ Endangered Sumatran rhino born in Indonesia
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +1 min

JAKARTA, Oct 2 (Reuters) - An endangered Sumatran rhinoceros, the smallest and hairiest of the4 five extant rhino species, was born in Indonesia last week in a conservation area, the government said on Monday. Weighing about 27 kilogram (59.52 lb), the yet-to-be named female calf, was born on Saturday at the Sumatran Rhino Sanctuary (SRS) facility in Way Kambas National Park, Lampung province in the tropical Southeast Asian country. On the next day, she began to walk around the jungle, the environment ministry said in a statement. "This is a happy news, not only for Indonesia but for the world," environment minister Siti Nurbaya said in the statement. There were just 80 Sumatran rhinos left in the world, based on a 2019 assessment of threatened species by the Indonesian government.

Persons: Andalas, Delilah, Siti Nurbaya, Ananda Teresia, Bernadette Christina, Simon Cameron, Moore Organizations: Rhino, Cincinnati Zoo, Thomson Locations: JAKARTA, Indonesia, Lampung, United States, Andatu, Indonesian

☆ Mexican church roof collapses during Sunday mass killing 9, about 30 others missing
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Oct 1 (Reuters) - A church roof collapsed during Sunday mass in a northern Mexican city killing at least nine people and injuring 40, authorities said, as rescuers worked into the night, desperately looking for another 30 people believed to be trapped under the rubble. Footage on social media showed the moment the church roof caved in, puffs of gray smoke billowing into the air, followed by the toppling of yellow brick outer walls. Speaking on Foro TV news channel, Cuéllar thanked local businessmen for bringing equipment to help remove rubble and aid rescue efforts. Bishop Jose Armando Alvarez from the Roman Catholic Diocese of Tampico said the church roof crumbled as worshippers were receiving communion and asked others to pray for the survivors. Writing by Drazen Jorgic; Editing by Tom Hogue & Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Jorge Cuéllar, Cuéllar, Bishop Jose Armando Alvarez, Bishop Armando, Drazen Jorgic, Tom Hogue, Simon Cameron, Moore Organizations: MEXICO CITY, Security Ministry, Foro, Roman Catholic, Thomson Locations: MEXICO, Mexican, Ciudad Madero, Tampico, Tamaulipas, Texas

JUCHITAN, Mexico, Mexico, Oct 2 (Reuters) - Several hundred migrants in southern Mexico awaited buses north on Monday under a new government program meant to help manage the numbers arriving, as Mexico's president said 10,000 people have been reaching the northern border with the U.S. daily. Thousands of migrants have crossed into the U.S. from Mexico in recent weeks, alarming officials in U.S. border cities and prompting delays to trade. Salma was among about 400 people, including families with small children, awaiting buses headed to the state capital or Mexico City. In September, the number of migrants encountered at the U.S.-Mexico border was on pace to approach, or surpass, previous monthly highs. Lopez Obrador called for countries to address root causes driving migration and lamented the deaths of 10 Cuban migrants in a traffic accident in southern Mexico on Sunday.

Persons: we've, Victor Salma, Salma, Jesus Gonzalez, Jose Luis Gonzalez, Andres Manuel Lopez Obrador, Lopez Obrador, Papa, Jose Cortes, Lizbeth Diaz, Laura Gottesdiener, Raul Cortes, Daina Beth Solomon, Aurora Ellis, Gerry Doyle, Simon Cameron, Moore Organizations: U.S, Reuters, CBP, REUTERS, Texas National Guard, U.S . Customs, Border Protection, Thomson Locations: JUCHITAN, Mexico, U.S, Tijuana, San Diego , California, Juchitan, Oaxaca, Venezuela, Mexico City, United States, Ciudad Juarez, Texas, Monterrey

India, the world's third biggest oil importer and consumer, also raised imports from Iraq while taking less Saudi oil, the data showed. India imported about 1.55 million barrels per day (bpd) of Russian oil in September, 16% more than in August, while imports from Iraq increased by 17% to about 1.1 million bpd, LSEG data showed. Vortexa pegged imports of Russian oil at 1.52 million bpd, compared with 1.44 million bpd in August. India's Saudi Oil Imports surged in Aug, Russia fell to 7-mth lowAccording to Kpler data, India's imports of Russian crude jumped back to 1.8 million bpd in September from less than 1.5 million bpd in August. They mostly purchase Russian oil on the spot market, while largely relying on term contracts for Middle Eastern crude.

Persons: Viktor Katona, Kpler's Katona, Nidhi Verma, Mohi Narayan, Arpan Varghese, Simon Cameron, Moore Organizations: Saudi Oil Imports, Thomson Locations: DELHI, Russia, LSEG, India, Iraq, Kpler, Saudi Arabia, Ukraine

☆ Yen intervention a hard sell even as 150 to the dollar 'red line' beckons
▼ + stars: | 2023-09-29 | by ( Kevin Buckland | ) www.reuters.com time to read: +6 min

But, Japanese authorities could find propping up their currency both difficult to achieve and hard to justify. To make even a ripple in the $5 trillion currency market, the BOJ would need to draw down massive amounts of dollar reserves. Wakabayashi, like many other analysts and investors, considers the 150 yen per dollar level a red line for currency intervention, not least because of its significance as a symbol of climbing costs of living from imported food and fuel. INTERVENTION IMMINENTThe yen careened to a 32-year trough at 151.94 last October before being reined in by several bouts of heavy intervention, the first by Japanese authorities in a generation. Measures of expected market volatility remain subdued.

Persons: Kim Kyung, Bank of Japan's hesitancy, Kazuo Ueda, You've, they're, Bart Wakabayashi, Fumio Kishida, Shunichi Suzuki, Masayuki Kichikawa, Ray Attrill, Janet Yellen, Aninda Mitra, Mitra, Kevin Buckland, Alun John, Vidya Ranganathan, Simon Cameron, Moore Organizations: National Printing Bureau, Bank of Japan, REUTERS, Rights, Bank of Japan's, U.S . Federal Reserve, U.S, Treasury, Fed, State Street Bank, Trust, Finance, Sumitomo Mitsui DS Asset Management, Ministry of Finance, National Australia Bank, BNY Mellon Investment Management, Thomson Locations: Tokyo, Japan, U.S, Washington, Asia, London

☆ Taiwan aims to shed dirty power reputation with big wind push: Maguire
▼ + stars: | 2023-09-28 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +5 min

WIND POWERED GROWTHSolar power was Taiwan's largest source of renewable energy generation in 2022, with 10.69 terawatt hours (TWh) of electricity produced, compared to 3.53 TWh from wind. In comparison, fossil fuels generated 239 TWh of Taiwan's electricity last year, Ember data shows. REGIONAL REPERCUSSIONSDespite jitters from some developers, overall progress on Taiwan's wind projects continues, and new investments in major offshore ventures were announced just this month by Japanese trading house Mitsui & Co. The continued construction of Taiwan's renewable energy capacity has repercussions for both its domestic power sector and for global fossil fuel export markets. The country's famed semiconductor industry, the world's largest, is aiding the national push for greater renewable energy generation, and has set itself a goal of being powered by 100% green energy supplies by 2040.

Persons: Thomas Peter Acquire, Gavin Maguire, Simon Cameron, Moore Organizations: REUTERS, China, Global Energy Monitor, Japan's, Mitsui, Co, Reuters, Thomson Locations: Taiwan, Pingtan, Fujian province, China, LITTLETON , Colorado, Asia, South Korea, Japan, India, Taipei, Beijing, Kpler

☆ China's central bank to use 'precise, forceful' policy to bolster recovery
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +3 min

Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsBEIJING, Sept 27 (Reuters) - China's central bank said on Wednesday it would step up policy adjustments and implement monetary policy in a "precise and forceful" manner to support an economy whose recovery was improving with "increasing momentum". The central bank will guide banks to lower borrowing costs for companies and households and support banks to replenish capital, it said. China will step up government investment and policy incentives to spur private investment and promote a recovery in prices from a low level, the central bank said. The central bank also pledged to promote the healthy and stable development of the property market, implementing policies to lower down payment ratios and mortgages rates for some home buyers.

Persons: Tingshu Wang, Kevin Yao, Himani Sarkar, Christian Schmollinger, Simon Cameron, Moore Organizations: People's Bank of China, REUTERS, Rights, Beijing, Thomson Locations: Beijing, China, Rights BEIJING, megacities

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