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☆ Citi names Nancy Bertrand private bank head for Canada- memo
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsTORONTO, Oct 26 (Reuters) - Citigroup Inc (C.N) has named Nancy Bertrand as the head of its private bank in Canada, succeeding Bob McGuire who retired earlier this month, according to a memo seen by Reuters on Thursday. Bertrand, who takes the role effective immediately, will be responsible for leading Citi Private Bank's growth in Canada which caters to high-net-worth individuals. She most recently served as a private banker leading a team in Toronto and Montréal, advising ultra-high net worth families, foundations and single-family offices. She joined Citi Private Bank in 2006 and has held a number of senior positions. Bertrand will report to Halé Behzadi, North America head of Citi Private Bank.

Persons: Andrew Kelly, Nancy Bertrand, Bob McGuire, Bertrand, Halé, Nivedita Balu, Christina Fincher Organizations: Citibank, New York Stock Exchange, REUTERS, Rights, Citigroup Inc, Reuters, Citi, Citi Private Bank, Thomson Locations: Manhattan , New York City, U.S, Canada, Toronto, North America

☆ Israel Aims to End Its Responsibility for Gaza Strip -Minister
▼ + stars: | 2023-10-20 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

JERUSALEM (Reuters) - One Israeli objective of its military campaign in the Gaza Strip is to end Israel's responsibility over the Palestinian coastal enclave, Defense Minister Yoav Gallant said on Friday. Gaza has no access to the outside world except through Israel, which controls 90% of its land and sea boundaries, and Egypt, which has a narrow land border to the south. The Israeli defense minister, briefing parliament's Foreign Affairs and Defense Committee, said the Gaza campaign that was launched after a deadly Hamas rampage on Israeli towns on Oct. 7, would have three phases. "The third phase will require the removal of Israel’s responsibility for life in the Gaza strip, and the establishment of a new security reality for the citizens of Israel," the minister said, according to a statement from his office. Israel has previously looked to oversee imports into Gaza to prevent military materials from reaching Hamas.

Persons: Yoav Gallant, Gallant, Ari Rabinovitch, Christina Fincher, Crispian Balmer Organizations: Islamists, Foreign Affairs, Defense, Hamas Locations: JERUSALEM, Gaza, Israel, Egypt

☆ Kremlin: unacceptable for Biden to compare Putin to Hamas
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

Kremlin spokesman Dmitry Peskov leaves after the talks between Russian President Vladimir Putin and U.S. President Joe Biden in Geneva, Switzerland, June 16, 2021. Alexander Zemlianichenko/Pool via REUTERS/File Photo Acquire Licensing RightsMOSCOW, Oct 20 (Reuters) - The Kremlin said on Friday that remarks by U.S. President Joe Biden comparing Russian President Vladimir Putin to the Palestinian militant group Hamas were "unacceptable". In remarks on Thursday, Biden sought to compare Hamas's actions to those of Putin, whose forces launched a full-scale invasion of Ukraine in February 2022. "Hamas and Putin represent different threats, but they share this in common: They both want to annihilate a neighbouring democracy," he said. Israel has responded to Hamas's attack with heavy daily bombardments of the enclave that have killed almost 4,000 people, Palestinian officials say.

Persons: Dmitry Peskov, Vladimir Putin, Joe Biden, Alexander Zemlianichenko, Israel, Biden, Putin, Hamas, Peskov, Kevin Liffey, Christina Fincher Organizations: U.S, Rights, Hamas, Russian Federation, Reuters, Thomson Locations: Geneva, Switzerland, Gaza, Israel, Ukraine, Russia, Cairo

☆ Israel aims to end its responsibility for Gaza Strip -minister
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

Israel's Defence Minister Yoav Gallant meets soldiers in a field near Israel's border with the Gaza Strip, in southern Israel October 19, 2023. REUTERS/Ronen Zvulun Acquire Licensing RightsJERUSALEM, Oct 20 (Reuters) - One Israeli objective of its military campaign in the Gaza Strip is to end Israel's responsibility over the Palestinian coastal enclave, Defense Minister Yoav Gallant said on Friday. The Israeli defense minister, briefing parliament's Foreign Affairs and Defense Committee, said the Gaza campaign that was launched after a deadly Hamas rampage on Israeli towns on Oct. 7, would have three phases. "The third phase will require the removal of Israel’s responsibility for life in the Gaza strip, and the establishment of a new security reality for the citizens of Israel," the minister said, according to a statement from his office. Israel has previously looked to oversee imports into Gaza to prevent military materials from reaching Hamas.

Persons: Yoav Gallant, Ronen, Gallant, Ari Rabinovitch, Christina Fincher, Crispian Balmer Organizations: Israel's, REUTERS, Rights, Islamists, Foreign Affairs, Defense, Thomson Locations: Israel's, Gaza, Israel, Egypt

☆ Morning Bid: To 5% and beyond, bond yields soar
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +5 min

The company earnings picture, meantime, was mixed to sour over the past 24 hours in both the U.S. and Europe. Despite decent demand at a typically awkward 20-year bond auction on Wednesday, yields continued to spiral higher overnight and ahead of Fed Chair Jerome Powell's key speech later on Thursday. The upshot of all factors has seen Treasury yields climb ever higher through the night - with two-year and 20-year yields , now both above 5.25%, the latter at a record high and the former the highest since 2006. Ten and five-year tenors also saw yields soar to within a hair's breadth of 5% early on Thursday too. The ructions in the bond market and incoming earnings saw Wall St indexes (.SPX), (.NDX) hit their lowest in 10 days on Wednesday and futures were in the red again ahead of the open today.

Persons: Brendan McDermid, Mike Dolan, Jerome Powell's, Republican Jim Jordan, Blackstone, Philip Morris, Jerome Powell, Philip Jefferson, Michael Barr, Lorie Logan, Austan Goolsbee, Raphael Bostic, Patrick Harker, Christina Fincher Organizations: New York Stock Exchange, REUTERS, Federal Reserve, U.S, Netflix, Republican, Bank of Japan, Mortgage Bankers Association, HK, Fifth Third Bancorp, Philip Morris , Union Pacific, CSX, Truist Financial, American Airlines, Alaska Air, Philadelphia Fed, U.S . Federal, Dallas, Chicago Fed, Atlanta Fed, Treasury, Housing, Reuters, Thomson Locations: New York City, U.S, Washington, Venezuela, Europe, Frankfurt, Freeport, McMoRan, China

REUTERS/Leonardo Fernandez Viloria/File Photo Acquire Licensing RightsNEW YORK/CARACAS, Oct 19 (Reuters) - Venezuela's sovereign bonds rallied on Thursday, a day after the United States lifted its ban on secondary market trading of some of the country's eurobonds, with investors eyeing a debt restructuring on some $60 billion of defaulted debt. "Prices have almost doubled in the past 24 hours but are still well below the pre-sanctioned levels," said Edward Cowen, CEO of Winterbrook Capital, who has co-invested in a fund to buy Venezuelan debt. Cowen added that a return to Venezuela's regular weighting on global indexes like JPMorgan's would give the prices further support. "I think the market was caught by surprise as the ban on secondary trading of bonds was not expected to be removed this early in the negotiation," said Armando Armenta, senior economist for global economic research at AllianceBernstein. Small funds and investors outside the United States had looked to increase their exposure to Venezuelan bonds on the expectation of debt renegotiations.

Persons: Leonardo Fernandez Viloria, PDVSA, Edward Cowen, Cowen, Armando Armenta, Maria Corina Machado, Rodrigo Campos, Mayela, Marc Jones, Corina Rodriguez, Christina Fincher, Will Dunham Organizations: REUTERS, South, Winterbrook, U.S . Treasury Department, Petroleum, Venezuelan, U.S . State Department, Mayela Armas, Thomson Locations: Bolivar, Caracas, Venezuela, CARACAS, United States, South American, U.S, Venezuela's, Venezuelan, New York, London, Madrid

☆ Chinese attendance at Saudi conference doubles as Riyadh courts Beijing
▼ + stars: | 2023-10-19 | by ( Pesha Magid | ) www.reuters.com time to read: +2 min

A Saudi man's reflection is seen in mirror glass at the Future Investment Initiative conference, in Riyadh, Saudi Arabia, October 25, 2022. REUTERS/ Ahmed Yosri/File Photo Acquire Licensing RightsRIYADH, Oct 19 (Reuters) - Around 300 Chinese "decision makers" are attending Saudi Arabia's flagship investment conference this year, organisers said on Thursday, double last year's attendance as Riyadh deepens its relationship with China despite U.S. concerns. In defiance of its key Western ally, Prince Mohammed invited Chinese President Xi Jinping to visit the kingdom and launched a Chinese-Arab summit. In August, the BRICs group of nations, which includes China, invited Saudi Arabia to become a new member of the bloc. Saudi Arabia is halfway through an ambitious economic transformation plan - Vision 2030 - to wean the economy off oil by creating new industries, generating jobs for citizens, and luring in foreign capital and talent.

Persons: Ahmed Yosri, Richard Attias, Attias, Prince Mohammed bin Salman, Joe Biden, Prince Mohammed, Xi Jinping, ” Attias, Morgan, Jamie Dimon, Citi's Jane Fraser, Yoon Suk Yeol, William Ruto, Paul Kagame, Pesha Magid, Aziz El Yaakoubi, Christina Fincher Organizations: Future Investment Initiative, REUTERS, Rights, Saudi, FII Institute, Wall Street, Washington, Wall, HSBC, Standard Chartered, Kenyan, Rwandan, Thomson Locations: Saudi, Riyadh, Saudi Arabia, Rights RIYADH, China, Gaza, Asia

☆ US stocks end sharply lower, crude jumps on Middle East tensions
▼ + stars: | 2023-10-18 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNEW YORK, Oct 18 (Reuters) - Wall Street stocks tumbled and crude prices surged on Wednesday as escalating Middle East turmoil prompted a broad sell-off and stoked oil supply concerns. European stocks slid, ending down 1.1% due to deepening fears over the Middle East conflict and as a downbeat forecast for the semiconductor sector weighed on sentiment. Emerging market stocks lost 0.95%. Oil prices advanced as the mounting strife in the Middle East appeared to pose a growing threat to supply. The greenback advanced against a basket of world currencies as market participants kept a watchful eye on developments in the Middle East.

Persons: Andrew Kelly, Joe Biden, Greg Bassuk, Bassuk, Morgan Stanley, Brent, homebuilding, Sterling, Gold, Stephen Culp, Amanda Cooper, Christina Fincher, Leslie Adler, Richard Chang Organizations: REUTERS, Nvidia, Tesla Inc, Nasdaq, U.S, AXS Investments, Investors, Procter, Gamble, Dow Jones, Japan's Nikkei, greenback, Thomson Locations: Manhattan , New York City, U.S, Israel, Gaza, China, New York, Beijing, Asia, Pacific, Japan, London

☆ Israel troops kill two Palestinian teens in West Bank amid Gaza anger
▼ + stars: | 2023-10-18 | by ( Ali Sawafta | ) www.reuters.com time to read: +4 min

[1/2] A Palestinian holds a Molotov coctail during clashes with Israeli forces near Ramallah in the Israeli-occupied West Bank October 18, 2023. REUTERS/Ammar Awad Acquire Licensing RightsRAMALLAH, West Bank, Oct 18 (Reuters) - Israeli forces shot dead two Palestinian teenagers near Ramallah in the West Bank on Wednesday during widespread protests against Israel's bombing of the Gaza Strip, Palestinian officials said. Israel's bombardment of Gaza has inflamed tensions in the West Bank, the other Palestinian territory under Israeli occupation. The West Bank is home to the Palestinian Authority (PA) which is dominated by Hamas rivals Fatah and 87-year-old Palestinian President Mahmoud Abbas. The West Bank borders Jerusalem which houses sites sacred to Muslims, Christians and Jews and is a flashpoint for internecine violence.

Persons: Molotov, Ammar Awad, Salah, Fatah, Mahmoud Abbas, Abbas, Ali Sawafta, Henriette Chacar, Yomna Ehab, John Davison, Alex Richardson, Christina Fincher, Philippa Fletcher Organizations: West Bank, REUTERS, Israel's, Palestinian, Residents, Reuters, Hamas, Al, Palestinian Authority, Israel, West, Thomson Locations: Ramallah, RAMALLAH, West, Gaza, Israel, Shuqba, West Bank, Nablus, Ahli, Palestinian, Jerusalem, Aqsa, Jerusalem's

☆ Scholz on synagogue attack: 'Antisemitism has no place in Germany'
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

[1/5] Police secure the area after two Molotov cocktails were thrown at the Skoblo Synagogue and Education Center overnight in Berlin, Germany, October 18, 2023. REUTERS/Fabrizio Bensch Acquire Licensing RightsBERLIN, Oct 18 (Reuters) - German Chancellor Olaf Scholz voiced outrage on Wednesday at an attack outside a synagogue in Berlin in which police say two Molotov cocktails were thrown at the building. In a social media post, he added: "Attacks on Jewish institutions and acts of violence on our streets are despicable and cannot be tolerated. Security has been stepped up around Jewish institutions in Germany since Hamas's deadly attack on Israel and resulting Israeli reprisals inflamed opinion in the country's Arab-speaking and Jewish communities. Police have declined most requests to hold pro-Palestinian demonstrations since Hamas's attack and have dispersed a number of impromptu gatherings.

Persons: Fabrizio Bensch, Olaf Scholz, Scholz, Thomas Escritt, Rachel More, Christina Fincher Organizations: Police, Education Center, REUTERS, Rights, Security, Thomson Locations: Berlin, Germany, Egypt, Israel

☆ Austrian ex-chancellor Kurz goes on trial for perjury
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +3 min

Former Austrian Chancellor Sebastian Kurz speaks to media as he arrives at the Austrian People's Party (OeVP) conference in Graz, Austria May 14, 2022. REUTERS/Lisa Leutner/File Photo Acquire Licensing RightsVIENNA, Oct 18 (Reuters) - Austria's conservative former chancellor Sebastian Kurz went on trial for perjury on Wednesday in a case separate from the corruption investigation that forced him from office but which could still influence his ruling party's electoral fate. Kurz, who denies all the allegations made against him, has quit politics yet the ruling coalition he formed with the left-wing Greens in 2020 remains in power. Kurz's People's Party (OVP) is currently neck-and-neck with the opposition Social Democrats in opinion polls, well behind the far-right Freedom Party on around 30%. As chancellor, Kurz was one of Europe's youngest leaders and a household name in German-speaking countries known for his hard line on immigration.

Persons: Sebastian Kurz, Lisa Leutner, Kurz, Kurz's, Gernot Bluemel, Chancellor Karl Nehammer, Francois Murphy, Alexandra Schwarz, Christina Fincher Organizations: Austrian, Austrian People's Party, REUTERS, Rights, Greens, Kurz's People's Party, Social, Party, OVP, Thomson Locations: Graz, Austria, Vienna

☆ China's Xi wants to expand cooperation with Indonesia in several key markets
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +2 min

Chinese President Xi Jinping attends a ceremony to welcome participants of the Belt and Road Forum in Beijing, China, October 17, 2023. Sputnik/Sergei Savostyanov/Pool via REUTERS/File Photo Acquire Licensing RightsBEIJING, Oct 17 (Reuters) - China is willing to expand and strengthen cooperation with Indonesia in emerging industries such as the digital economy, photovoltaics and new energy vehicles, President Xi Jinping said on Tuesday. In October, Widodo inaugurated a $7.3 billion high-speed railway connecting the country's capital with the city of Bandung. Widodo said Indonesia regards China as an important strategic partner in national economic development and construction, and "looks forward to further strengthening communication and cooperation with China," state media reported. Reporting by Ethan Wang and Bernard Orr; editing by Christina Fincher and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Xi Jinping, Sergei Savostyanov, Xi, Joko Widodo, Widodo, Ethan Wang, Bernard Orr, Christina Fincher, Chizu Organizations: Forum, Sputnik, Rights, China Central Television, Initiative, of Southeast Asian Nations, Thomson Locations: Beijing, China, Rights BEIJING, Indonesia, Bandung

☆ Jordan to host summit between Biden and Egyptian and Palestinian leaders
▼ + stars: | 2023-10-17 | by ( Suleiman Al-Khalidi | ) www.reuters.com time to read: +3 min

Jordan's King Abdullah II speaks as he meets British Prime Minister Rishi Sunak, at Downing Street in London, Britain, October 15, 2023. REUTERS/Hannah McKay/Pool/File Photo Acquire Licensing RightsSummary Jordan king to warn Biden against Israel 'transfer' policyKing sought to lobby for immediate delivery of aidAuthorities worried about spillover of violenceAMMAN, Oct 17 (Reuters) - Jordan on Wednesday will host a four-party summit in Amman with U.S. President Joe Biden and Egyptian and Palestinian leaders to discuss the "dangerous" repercussions of the war in Gaza for the region, officials said. Jordan's King Abdullah will also separately hold a tripartite summit with both Egyptian President Abdel Fattah al Sisi and Palestinian President Mahmoud Abbas. Officials said the monarch will stress to Biden on Wednesday that the country would resist any attempt to push Palestinian refugees into Jordan if conflict widens to the West Bank in a wider regional conflagration. Reporting by Suleiman Al-Khalidi; editing by Christina Fincher, Alex Richardson and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Jordan's King Abdullah II, Rishi Sunak, Hannah McKay, Biden, Israel, King, Joe Biden, Jordan's King Abdullah, Abdel Fattah al Sisi, Mahmoud Abbas, King Abdullah, Suleiman Al, Khalidi, Christina Fincher, Alex Richardson, Jonathan Oatis Organizations: British, REUTERS, Wednesday, Officials, West Bank, Senior, Hamas, Thomson Locations: London, Britain, AMMAN, Jordan, Amman, U.S, Gaza, Israel, East Jerusalem

☆ Iran's Khamenei says Israel must halt assault on Palestinians in Gaza
▼ + stars: | 2023-10-17 | by ( Parisa Hafezi | ) www.reuters.com time to read: +3 min

Iran's Supreme Leader Ayatollah Ali Khamenei speaks during a graduation ceremony for armed forces officers at the Imam Ali academy in Tehran, Iran October 10, 2023. "No one can confront Muslims and the resistance forces if the Zionist regime's (Israel) crimes against Palestinians continue. "The world is witnessing the Zionist regime's genocide of Palestinians in Gaza," he said to chants of "Death to Israel". Israel, which Tehran refuses to recognise, has long accused Iran's clerical rulers of stoking violence by supplying arms to Hamas. "We must respond, we must react to what is happening in Gaza," Khamenei said.

Persons: Ayatollah Ali Khamenei, Ali, Khamenei, Ali Fadavi, Fadavi, Ebrahim Raisi, Parisa Hafezi, Christina Fincher, Angus MacSwan Organizations: Iran's, Iranian, West Asia News Agency, REUTERS, Rights, Revolutionary Guards, Zionist, Thomson Locations: Tehran, Iran, Rights DUBAI, Gaza, Israel, Islamic Republic, Fars

☆ Russian Strategic Bombers Patrol Over Sea of Japan - Defence Ministry
▼ + stars: | 2023-10-17 | by ( Oct. | At A.M. | ) www.usnews.com time to read: 1 min

MOSCOW (Reuters) - Russia's defence ministry on Tuesday said two Tu-95 strategic bombers had carried out a seven-hour flight over the Sea of Japan, accompanied by Su-35 fighter jets. "The flight was carried out in strict accordance with international rules for using airspace," Lieutenant General Sergei Kobylash, long-range aviation commander, said in a statement. "Long-range aviation pilots regularly carry out flights over the neutral waters of the Arctic, North Atlantic, Black and Baltic Seas, and Pacific Ocean," Kobylash said. (Reporting by Reuters; Writing by Alexander Marrow; Editing by Christina Fincher and Kevin Liffey)

Persons: Su, Sergei Kobylash, Kobylash, Alexander Marrow, Christina Fincher, Kevin Liffey Organizations: Reuters Locations: MOSCOW, Japan, North Atlantic, Baltic

[1/8] Police barricade tape is seen at a cordoned-off area after a police operation in Schaerbeek near Brussels, Belgium October 17, 2023. REUTERS/Bart Biesemans Acquire Licensing RightsBRUSSELS, Oct 17 (Reuters) - Belgian police on Tuesday shot and wounded a 45-year-old Tunisian suspected of killing two Swedish football fans in Brussels, Belgian media said. Interior Minister Annelies Verlinden said earlier the wounded man was suspected of being the gunman. The suspected gunman, calling himself Abdesalem Al Guilani, claimed in a video on social media that he was a fighter for Allah. According to a media transcript of the video message recorded by the self-declared perpetrator, he said he had killed Swedes to take revenge in the name of Muslims.

Persons: Bart Biesemans, Annelies Verlinden, Verlinden, Philippe Close, BFM, Alexander De Croo, De Croo, de Croo, Vincent Van Quickenborne, Abdesalem Al Guilani, Philip Blenkinsop, Bart Meijer, Benoit van Overstraeten, Jan Strupczewski, Tassilo Hummel, Zhifan Liu, Ingrid Melander, Gerry Doyle, Christina Fincher, Nick Macfie Organizations: Police, REUTERS, Rights, Belgian, Islamic State, Red Devils soccer, Palestinian, Thomson Locations: Schaerbeek, Brussels, Belgium, Rights BRUSSELS, Belgian, Sweden, Israel

LUXEMBOURG, Oct 17 (Reuters) - A stand-off between France and Germany over the future competitiveness of their industries will be the central point of discussion when EU energy ministers meet in Luxembourg on Tuesday, EU diplomats said. The new rules seek to protect consumers from volatile fossil fuel markets with a shift to more long-term, fixed-price contracts. Berlin fears that France, with its vast nuclear fleet, will be able to offer such contracts to its existing nuclear energy fleet - then use excess revenues generated by these contracts on subsidising industries. Central and eastern European countries that have nuclear expansion ambitions of their own are backing France. Spain, which holds the EU presidency until the year-end, has tried to find a compromise and at one point suggested axing article 19b entirely.

Persons: Emmanuel Macron, Olaf Scholz, Julia Payne, Kate Abnett, Christina Fincher Organizations: European Commission, Thomson Locations: LUXEMBOURG, France, Germany, Luxembourg, Europe, Berlin, Central, Belgium, Denmark, Austria, Spain

☆ Donald Trump wants London court to rule 'Steele dossier' sex claims are false
▼ + stars: | 2023-10-16 | by ( Sam Tobin | ) www.reuters.com time to read: +4 min

Trump, the frontrunner for the 2024 Republican presidential nomination, is suing Orbis Business Intelligence for alleged data protection breaches over a dossier written by former British intelligence officer Christopher Steele, who co-founded Orbis. The Steele dossier, published by the BuzzFeed website in 2017, alleged ties between Trump's campaign and Russia and said Trump engaged in sexual behaviour that gave Russian authorities material with which to blackmail him. Orbis, however, argues that Trump is bringing the claim simply to address his "longstanding grievances" against the company and Steele. 'SHOCKING AND SCANDALOUS'Trump's lawyer Hugh Tomlinson told the court the former president wanted to prove that the "shocking and scandalous claims" in the Steele dossier were false. White said Trump only sued Orbis in London after a similar case brought in Florida against Orbis, Steele and others – including his Democratic opponent in the 2016 election, Hillary Clinton – was dismissed.

Persons: Donald Trump, Marco Bello, Christopher Steele, Trump, Steele, Hugh Tomlinson, Tomlinson, Antony White, White, Orbis, Hillary Clinton –, Jean Carroll, Letitia James, Trump's, Mikhail Fridman, Petr Aven, Karen Steyn, Sam Tobin, Ed Osmond, Christina Fincher, Rod Nickel Organizations: REUTERS, Trump, Orbis Business Intelligence, Orbis, Republican, Mr, Democratic, New, Thomson Locations: West Palm Beach , Florida, U.S, London, Russia, British, Moscow, St . Petersburg, Florida, New York

☆ Yellen Says U.S. Will Fight to Ensure Robust Economic Aid for Ukraine
▼ + stars: | 2023-10-16 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +4 min

She said the Biden administration was committed to supporting Ukraine "for as long as it takes" and would fight to ensure a bipartisan majority in the U.S. Congress enacted "robust" and uninterrupted assistance for the war-torn country. Ukrainian Finance Minister Serhiy Marchenko told Reuters on Saturday that Ukraine is finding it harder to secure financial support. Yellen lauded the European Union's plans for a 50 billion euro Ukraine Facility to provide sustained economic and reconstruction support, saying that economic support should have maximum concessionality, meaning low or zero interest rates. WINDFALL PROCEEDS TO AID UKRAINETo ensure additional sources of revenue, Yellen reiterated that she supported "harnessing windfall proceeds from Russian sovereign assets immobilized in particular clearing houses and using the funds to support Ukraine." U.S.-EU collaboration was also crucial regarding economic ties with China, Yellen said, including targeted actions to safeguard national security interests such as restrictions on certain outbound investments in sensitive technologies.

Persons: Andrea Shalal LUXEMBOURG, Janet Yellen, Biden, Yellen, Jim Jordan, Donald Trump, Brussels's, Serhiy Marchenko, Andrea Shalal, Christina Fincher Organizations: . Treasury, Ukraine, U.S, Congress, Hamas, Sky News, Kyiv, Ohio, Republican, EU, Ukrainian, Reuters, UKRAINE Locations: United States, Europe, Ukraine, Israel, Gaza, America, Hungary, U.S, Russia, China, Washington

☆ Donald Trump wants to give evidence in London court over 'Steele dossier'
▼ + stars: | 2023-10-16 | by ( Sam Tobin | ) www.reuters.com time to read: +4 min

Trump has previously criticised what he described as Steele's "fake dossier" and his lawyers said in court filings made public on Monday that the report is "egregiously inaccurate". Trump's lawyer Hugh Tomlinson told London's High Court: "President Trump brings this case because he seeks vindication of his legal rights." 'SHOCKING AND SCANDALOUS'Trump wants to prove that the "shocking and scandalous claims" in the Steele dossier are false and "intends to discharge that burden by giving evidence in this court", Tomlinson said. But Orbis' lawyers argue that Trump's lawsuit should be thrown out of court. Steele did attend and sat alongside Orbis' lawyers during the hearing.

Persons: Donald Trump, Marco Bello, Trump, Christopher Steele, Steele, Hugh Tomlinson, London's, Tomlinson, Antony White, Joe Biden's, Sam Tobin, Ed Osmond, Christina Fincher Organizations: REUTERS, Orbis Business Intelligence, Orbis, New, Republican, Democrat, Thomson Locations: West Palm Beach , Florida, U.S, London, Russia, British, New York, Washington, United States

☆ Over 8,500 migrants reach Spain's Canary Islands in two weeks -ministry data
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +2 min

MADRID, Oct 16 (Reuters) - At least 8,561 migrants have reached the Canary Islands over the past two weeks, representing more than a third of this year's total arrivals, data from Spain's interior ministry showed on Monday. Between Jan. 1 and Oct. 15 of this year, the islands in the Atlantic received 23,537 migrants, an 80% increase from the same period last year, the data showed. The archipelago's seven islands have become the main destination for migrants from Senegal and other African countries trying to reach Spain. One aircraft will patrol the waters off Senegal and Mauritania and a second will monitor the waters around the Canary Islands. The Atlantic migration route to the Canary Islands, typically used by sub-Saharan African migrants trying to reach Spain, is one of the world's deadliest.

Persons: Borja Suarez, Fernando Grande, Marlaska, Emma Pinedo, David Latona, Christina Fincher Organizations: Atlantic, Gran Canaria, REUTERS, EU, Acting, Thomson Locations: MADRID, Senegal, Spain, Spanish, West Africa, Arguineguin, Gran, Mauritania, Africa's, Europe, Canary

☆ Key takeaways from the IMF/World Bank meetings
▼ + stars: | 2023-10-14 | by ( ) www.reuters.com time to read: +5 min

Global inflation is seen dropping from 6.9% this year to a still-high 5.8% next. Italian central bank governor Ignazio Visco said there was an impression markets were "reevaluating the term premium" as investors become more nervous about holding longer term debt. One debt restructuring deal emerged: Zambia finally agreed a debt rework memorandum of understanding with creditors including China and France. Sri Lanka said on Thursday it reached an agreement with the Export-Import Bank of China covering about $4.2 billion of debt, while talks with other official creditors are stalling. There was much talk ahead of Marrakech on revamping the IMF and World Bank to better reflect the emergence of economies like China and Brazil.

Persons: Ajay Banga, Mercy Tembon, Finance Serhiy Marchenko, Ceda Ogada, Kristalina Georgieva, Pierre, Olivier Gourinchas, Ignazio Visco, Joyce Chang, Vitor Gaspar, Mehmet Simsek, Murat Ulgen, Kate Donald, Ahmed El Jechtimi, Andrea Shalal, David Lawder, Leika Kihara, Elisa Martinuzzi, Rachel Savage, Jorgelina, Rosario, Balazs Koranyi, Mark John, Christina Fincher Organizations: Bank, Finance, International Monetary Fund, Emerging, Research, HSBC, Reuters, Export, Import Bank of, World Bank, Oxfam International's Washington DC Office, Thomson Locations: Ukraine, MARRAKECH, Morocco, Moroccan, Marrakech, Israel, Central, United States, China, Italy, Italian, Turkey, Kenya, Zambia, France, Sri Lanka, Import Bank of China, Brazil, U.S

☆ Palestine Supporters March in London Against Israel Action in Gaza
▼ + stars: | 2023-10-14 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

LONDON (Reuters) - Thousands of pro-Palestinian demonstrators marched in central London on Saturday, calling for an end to Israel's military action in the Gaza Strip which was triggered by last weekend's rampage in Israel by the Hamas militant group. Chants were aimed at the governments of Britain and the United States for supporting Israel. Belal Stitan, a 22 year-old student, said he was fearful for his relatives in Gaza. "This situation is a big, big problem for humanity and for me to have to say to the world, remember that we are human beings ..., I can't believe that we are here." Police issued warnings before the "March for Palestine" that anyone with a flag expressing support for Hamas or other groups proscribed as terrorist by Britain would be arrested.

Persons: Rishi Sunak, Belal, Natalie Thomas, Will Russell, William Schomberg, Christina Fincher Organizations: Palestinian, Oxford Circus, British, Israel, Police, Palestine, BBC Locations: London, Gaza, Israel, Britain, United States

China, whose economy is now three times the size it was in 2010, continued to push for more IMF shares. IMFC members agreed to add a third IMF Executive Board chair to represent African countries, a key sweetener for the U.S. "equi-proportional quota plan. Pan said China supported this move but it was a separate issue from the shareholding formula. It also called for the IMF's Executive Board to propose options for changes to the shareholding formula by June 2025. This would accelerate the next five-year review of quotas and meet IMF Managing Director Kristalina Georgieva's call for a deadline on adjusting its shareholding to preserve its credibility.

Persons: Nadia Calvino, Kristalina Georgieva, Pan Gongsheng, Pan, Kristalina, Georgieva, David Lawder, Andrea Shalal, Sharon Singleton, Christina Fincher, Franklin Paul, Diane Craft Organizations: Monetary, Financial, International Monetary Fund, World Bank, Monetary Fund, IMF, Fund, The U.S . Treasury, People's Bank of China, Beijing, IMF's, U.S . Treasury, United Arab, Thomson Locations: Marrakech, Morocco, MARRAKECH, U.S, China, CHINA, The U.S, India, Ukraine, Israel, Gaza, United Arab Emirates

☆ Palestine supporters march in London against Israel action in Gaza
▼ + stars: | 2023-10-14 | by ( ) www.reuters.com time to read: +2 min

[1/5] Demonstrators protest in solidarity with Palestinians, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in London, Britain, October 14, 2023. REUTERS/Susannah Ireland Acquire Licensing RightsLONDON, Oct 14 (Reuters) - Thousands of pro-Palestinian demonstrators marched in central London on Saturday, calling for an end to Israel's military action in the Gaza Strip which was triggered by last weekend's rampage in Israel by the Hamas militant group. Chants were aimed at the governments of Britain and the United States for supporting Israel. Belal Stitan, a 22 year-old student, said he was fearful for his relatives in Gaza. Reporting by Natalie Thomas and Will Russell Writing by William Schomberg Editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Susannah Ireland, Rishi Sunak, Belal, Natalie Thomas, Will Russell, William Schomberg, Christina Fincher Organizations: Hamas, REUTERS, Palestinian, Oxford Circus, British, Israel, Police, Palestine, BBC, Thomson Locations: Israel, Palestinian, London, Britain, Gaza, United States

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