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☆ Grasso retains UFC flyweight title in rare split draw with Shevchenko
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +1 min

LAS VEGAS, Sept 17 (Reuters) - Mexican fighter Alexa Grasso celebrated her nation's independence day in unusual fashion, holding on to her UFC flyweight title after fighting to a seldom-seen split draw against former champion Valentina Shevchenko on Saturday. Grasso, who beat Shevchenko by submission in March to win the title, topped the card at the T-Mobile Arena at the Noche UFC event, which had a strong Mexican flavor due to it taking place on Sept. 16, the day Mexicans celebrate their independence. Shevchenko said she thought she won the fight three rounds to two and that the Mexican celebration may have influenced the scoring. "I did a lot of damage ... all of my punches were hard, and yes, I'm the winner. The close nature of the fight has already led to calls from fans for a third match, but Grasso was non-committal when asked about that prospect.

Persons: Alexa Grasso, Valentina Shevchenko, Grasso, Shevchenko, Let's, Philip O'Connor, Tom Hogue Organizations: LAS VEGAS, UFC, Mobile, Noche UFC, Thomson Locations: Guadalajara

☆ Union starts further 24-hour stoppage at Chevron's Australian LNG facilities
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +2 min

Chevron/Handout via REUTERS Acquire Licensing RightsSYDNEY, Sept 17 (Reuters) - Australia's Offshore Alliance union said on Sunday that workers had begun a second 24-hour strike at Chevron's liquefied natural gas (LNG) plants in Western Australia. "Another 24hr stoppage has been applied across all 3 facilities with 15% of Downstream members enacting rolling stoppages/bans after midday today," an Offshore Alliance representative, who declined to be named, said. Offshore Alliance on Saturday said it intended to extend industrial action for a further two weeks to mid-October. Prior to this weekend there have been more limited work stoppages at the remote LNG facilities after pay and condition talks between the union alliance and Chevron broke down this month. Chevron has asked Australia's industrial tribunal to intervene in the dispute and cancel the strikes.

Persons: Sam McKeith, William Mallard, Tom Hogue Organizations: Reuters, Chevron, Handout, REUTERS Acquire, Rights, Australia's Offshore Alliance, Offshore Alliance, Workers, . Offshore Alliance, Thomson Locations: Chevron, Barrow Island, Australia, Western Australia, U.S, Sydney

The pressure was all on DeSantis, who trails Trump in the Republican presidential primary by nearly 40 percentage points in most opinion polls, including among evangelical voters. Both candidates spoke at a pair of national summits convened by the Concerned Women of America and the Family Research Council, evangelical advocacy groups that support laws restricting abortion among other issues. At the Family Research Council event, DeSantis defended allowing churches to remain open in Florida during the COVID-19 pandemic, drawing cheers from the ballroom crowd. DeSantis also talked up Florida's law that bans abortion at six weeks, one of the most restrictive in the nation. Goss said he could be persuaded to vote for Trump again, but "he's got to get past all the legal things.

Persons: Donald Trump, Ron DeSantis, DeSantis, Trump, Tony Perkins, Trump's, Leah Millis, Rights Trump, Vivek Ramaswamy, Roe, Wade, Robert Goss, Goss, he's, Hannah Brusven, Brusven, John F, Kennedy, Gram Slattery, James Oliphant, Jason Lange, Colleen Jenkins, Howard Goller, Kim Coghill, Tom Hogue Organizations: Former U.S, Florida, Trump, Republican, Family Research, Florida Governor, Women, America, REUTERS, Rights, Reuters, U.S, Supreme, JFK, Democratic, Coalition, Iowa Faith, Thomson Locations: Former, Washington, America, Florida, Washington , U.S, Locust Dale , Virginia, Idaho, Iowa, Iowa , New Hampshire, South Carolina, Des Moines

☆ Australia swelters in 'uncommon' spring heat ahead of likely El Nino event
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, Sept 16 (Reuters) - Large parts of Australia were in the grips of "uncommon" spring heat on Saturday, the nation's weather forecaster said, forecasting that record temperatures could be set on Sunday. The heat burst came after the forecaster said this week that indicators of an El Nino weather event had strengthened and it would likely develop between September and November, bringing hotter, drier conditions to Australia. The weather bureau said the "early period of heat" in many parts of the country was "very uncommon during September". "Record September daytime and nighttime temperatures are expected from Sunday through Thursday across inland areas of South Australia, New South Wales and northeast Victoria." Another local, Danielle Vangou, was worried about runners in the Sydney marathon, set to take place on Sunday.

Persons: El Nino, Bella Callaghan, Danielle Vangou, Sam McKeith, Cordelia Hsu, Tom Hogue Organizations: New, Kingsford Smith Airport, Meteorology, Facebook, Sydney, Thomson Locations: Australia, Sydney, Australia's, New South Wales, El Nino, South Australia, Victoria, Bondi, Turkey

☆ New Zealand to miss out on Italy SailGP due to spare wing not arriving on time
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +1 min

Sept 15 (Reuters) - New Zealand's SailGP team will not be able to compete in Taranto, Italy, due to the impossibility of transporting and fitting a replacement wing sail in time, SailGP said on Friday. The dramatic collapse of the New Zealand team's 29-metre wing sail was caused by a misalignment in Saint-Tropez last weekend. Following the incident, SailGP investigated options for transporting a spare wing from the fleet and assembling it so the team would be ready to compete, but this has been prevented by shipping deadlines. SailGP said it is working to find a solution that will allow New Zealand to return to the starting line on Oct. 14-15 in Cadiz, Spain. After three events in the season, New Zealand is in fifth place with 17 points.

Persons: SailGP, Tropez, Blair Tuke, trimmer, " Tuke, Angelica Medina, Tom Hogue Organizations: Zealand, New, Thomson Locations: Taranto, Italy, Saint, New Zealand, Cadiz, Spain, Mexico City

The Fund will strongly urge Beijing to shift its growth model away from debt-fueled infrastructure investment and real estate, she said. "Our advice to China is use your policy space in a way that helps you shift your growth model towards more domestic consumption," Georgieva said. "We actually project that without structural reforms, medium term growth in China can fall below 4%," Georgieva said. ANEMIC GLOBAL GROWTHThe IMF is preparing to issue a new set of global growth forecasts ahead of IMF and World Bank annual meetings Oct. 9-15. With China generating about a third of global growth this year, its growth rate "matters to Asia, and it matters to the rest of the world," Georgieva said.

Persons: Yuri Gripas, Kristalina Georgieva, Georgieva, Gina Raimondo's, Andrea Shalal, David Lawder, Chris Reese, Tom Hogue Organizations: Monetary Fund, REUTERS, Rights, Reuters, IMF, World Bank, U.S . Commerce, Thomson Locations: Washington , U.S, China, Beijing, United States, Europe, Morocco, Asia

PESHAWAR/KABUL, Sept 15 (Reuters) - The main Afghanistan-Pakistan land border crossing reopened on Friday after being closed for nine days following firing between guards on both sides, a senior Pakistani official told Reuters. Thousands of travellers and hundreds of trucks laden with goods were left stranded last week by the closure the Torkham border crossing, at the western end of the fabled Khyber Pass. Spokespersons for Pakistan's foreign ministry and the Afghan authorities in Nangarhar province confirmed the reopening of the crossing. "The border closure was causing huge losses to traders and common people of the two neighbouring countries," Ziaul Haq Sarhadi, director of the Pakistan-Afghanistan Joint Chamber of Commerce and Industry said. The Taliban foreign ministry criticised the closure of the crossing and said Pakistan security forces had fired on its border guards as they fixed an old security outpost.

Persons: It's, Abdul Nasir Khan, Torkham, Ziaul Haq Sarhadi, Amir Khan Muttaqi, Mushtaq Ali, Mohammad Yunus Yawar, Gibran Peshimam, Tom Hogue, Gerry Doyle, Simon Cameron, Moore Organizations: Reuters, Chamber of Commerce, Industry, Thomson Locations: PESHAWAR, KABUL, Afghanistan, Pakistan, Pakistan's Khyber, Nangarhar province, Pakistani, Peshawar, Jalalabad, Nangarhar, Kabul, Torkham

☆ Qualcomm China signs MOU with Baidu to work on XR technology
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: 1 min

Qualcomm logo is seen in this illustration taken, May 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBEIJING, Sept 15 (Reuters) - Qualcomm China has signed a non-binding memorandum of understanding with China's Baidu (9888.HK) to work on extended reality (XR) technology, the company said in a statement on its social media account on Friday. They will work together on areas including XR technology and generative artificial intelligence to build a new generation of metaverse infrastructures, said the statement from Qualcomm. Reporting by Albee Zhang and Brenda Goh; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Baidu, Albee Zhang, Brenda Goh, Tom Hogue Organizations: Qualcomm, REUTERS, Rights, Qualcomm China, HK, Thomson Locations: Rights BEIJING

☆ China boosts liquidity with medium-term policy tool
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +3 min

The headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China, February 3, 2020. All 33 market watchers polled by Reuters this week predicted no change to the MLF rate. With 400 billion yuan worth of MLF loans set to expire this month, the operation resulted in a net 191 billion yuan of fresh fund injections into the banking system. It lent another 34 billion yuan via 14-day reverse repos at 1.95%, down from 2.15% previously. The rate reduction was a follow-up move to the rate cut to the seven-day tenor last month.

Persons: Jason Lee, Ken Cheung, Cheung, Marco Sun, Sun, Winni Zhou, Tom Westbrook, Tom Hogue, Shri Navaratnam, Sam Holmes Organizations: People's Bank of China, REUTERS, Rights, Reuters, Mizuho Bank, MUFG Bank, Thomson Locations: Beijing, China, Rights SHANGHAI, SINGAPORE, United States

Still, it could hurt perceptions of Chinese EV makers as they expand abroad, Bernstein analysts said in a client note. Nio and Geely declined to comment on the EU probe, while BYD, Xpeng and SAIC did not respond to requests for comment. Shares in European carmakers were also among the biggest fallers on the euro zone stock index (.STOXXE50) in early trading. STRAINED RELATIONSThe anti-subsidy probe, initiated unusually by the European Commission and not from any industry complaint, comes amid broader diplomatic strains between the EU and China. It accounted for 40.25% of EV exports from China between January and April 2023.

Persons: Annegret, Ursula von der Leyen, Bernstein, BYD, CATL, Cui Dongshu, EVs, Donny Kwok, Brenda Goh, Ryan Woo, Anne Marie Roantree, Tom Hogue, Jamie Freed, Mark Potter Organizations: REUTERS, China, EV, EU, European, Ministry of Commerce, Eurasian Group, Reuters Graphics, Reuters Graphics Hong Kong, HK, Geely, SAIC, BMW, Volkswagen, Mercedes, European Commission, China Passenger Car Association, EVs, for Strategic, Internal Studies, Reuters, Thomson Locations: Berlin, Germany, Europe, China, SHANGHAI, BEIJING, Beijing, EU, Brussels, Southeast Asia, Reuters Graphics Hong, Shanghai, Xpeng, Shenzhen, SZ, Moscow, Russian, Ukraine, U.S, Hong Kong

Analysts said the probe could slow capacity expansion and the capital spending cycle of China's battery suppliers, although the move should not pose a big downside risk for Chinese EVs. Hong Kong shares of market leader BYD fell more than 3%. Nio and Geely declined to comment on the EU probe, while BYD, Xpeng and SAIC did not respond to requests for comment. GROWING MARKET SHAREEU officials believe Chinese EVs are undercutting the prices of local models by about 20% in the European market, piling pressure on European automakers to produce lower-cost electric vehicles. It accounted for 40.25% of EV exports from China between January and April 2023, up from 36.5% in 2022.

Persons: Angelika Warmuth, Ursula von der Leyen, BYD, CATL, der Leyen, Li Qiang, Cui Dongshu, EVs, Donny Kwok, Brenda Goh, Ryan Woo, Anne Marie Roantree, Tom Hogue, Jamie Freed Organizations: BYD Company, REUTERS, China, EV, European Commission, EU . European, Analysts, HK, Geely, SAIC, EU, Chamber of Commerce, China Passenger Car Association, Center, Strategic, Internal Studies, Volvo, Thomson Locations: Munich, Germany, Europe, HONG KONG, SHANGHAI, Hong Kong, Beijing, Shanghai, Xpeng, Shenzhen, SZ, China, Moscow, Russian, Ukraine, New Delhi, Brussels, U.S

☆ China's central bank vows to support demand, price rebound
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +3 min

Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee/File Photo Acquire Licensing RightsBEIJING, Sept 13 (Reuters) - China's central bank will boost demand and support a modest rebound in prices, the Financial News, a publication run by the People's Bank of China (PBOC) said on Wednesday, citing a unnamed senior central bank official. The central bank "will create an appropriate monetary and financial environment to promote effective demand in the real economy, support a moderate recovery in prices and enhance economic vitality," the official said. New bank loans beat expectations by nearly quadrupling in August from July, as the central bank sought to shore up economic growth amid soft demand at home and abroad. The central bank last cut the reserve requirement ratio (RRR) - the amount of cash that banks must hold as reserves - in March.

Persons: Jason Lee, Zhou Maohua, Kevin Yao, Liangping Gao, Tom Hogue, Sam Holmes, Miral Organizations: People's Bank of China, REUTERS, Rights, Financial, China Everbright Bank, Officials, Beijing Newsroom, Thomson Locations: Beijing, China, Rights BEIJING

☆ Crimean shipyard on fire after Ukraine missile attack - Russia-installed governor
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

Governor of Sevastopol Mikhail Razvozhayev attends a ceremony marking 240th anniversary of Russia's Black Sea Fleet in Sevastopol, Crimea May 13, 2023. REUTERS/Alexey Pavlishak/file photo Acquire Licensing RightsSept 13 (Reuters) - The Sevastopol Shipyard on the Crimean Peninsula was on fire on Wednesday after Ukraine launched a missile attack on the port, injuring at least 24 people, the Russia-installed governor of the city said. Razvozhayev said earlier, without providing details, that the fire was sparked in result of a Ukrainian missile attack on Sevastopol. The strategic Sevastopol Shipyard on the Crimean Peninsula that Russia annexed from Ukraine in 2014, builds and repairs ships and submarines of the Russian Black Sea Fleet, which has launched drone and missile attacks on Ukraine. Reporting by Lidia Kelly in Melbourne; Editing by Tom Hogue and Michael Perry/Guy FaulconbridgeOur Standards: The Thomson Reuters Trust Principles.

Persons: Sevastopol Mikhail Razvozhayev, Alexey Pavlishak, Mikhail Razvozhayev, Razvozhayev, Lidia Kelly, Tom Hogue, Michael Perry, Guy Faulconbridge Organizations: REUTERS, Sevastopol Shipyard, Ukraine, Thomson Locations: Sevastopol, Crimea, Crimean, Russia, Moscow, Ukrainian, Ukraine, Russian, Kyiv, Melbourne

☆ North Korea fires two ballistic missiles with leader Kim away in Russia
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +2 min

SEOUL, Sept 13 (Reuters) - North Korea fired two ballistic missiles off its east coast, South Korea's Joint Chiefs of Staff and the Japanese Coast Guard said on Wednesday, just hours before leader Kim Jong Un was expected to meet President Vladimir Putin in Russia. It was the first such launch to occur while Kim was abroad for a rare trip, analysts said. Japan's Chief Cabinet Secretary Hirokazu Matsuno told reporters that Japan had lodged a protest against North Korea through diplomatic channels in Beijing. The nuclear-armed North has conducted regular launches of everything from short-range and cruise missiles to massive intercontinental ballistic missiles (ICBMs) that can strike the continental United States. In 2018 and 2019 he visited China, South Korea, Singapore, Vietnam and Russia in nine separate trips, but his current visit in Russia is the first since then.

Persons: Kim Jong Un, Vladimir Putin, Kim, Hirokazu Matsuno, Kim didn’t, Soo, hyang Choi, Josh Smith, Komiya, Chang, Ran Kim, Tom Hogue, Christian Schmollinger, Gerry Doyle Organizations: South Korea's, Chiefs, Staff, Japanese Coast Guard, Japan's Coast Guard, North, United Nations, Thomson Locations: SEOUL, North Korea, South, Russia, Japan, Beijing, United States, China, Moscow, South Korea, Singapore, Vietnam, Seoul, Tokyo

☆ Russia says Crimean shipyard on fire, two ships damaged in Ukraine missile attack
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +2 min

Governor of Sevastopol Mikhail Razvozhayev attends a ceremony marking 240th anniversary of Russia's Black Sea Fleet in Sevastopol, Crimea May 13, 2023. REUTERS/Alexey Pavlishak/file photo Acquire Licensing RightsSept 13 (Reuters) - The Sevastopol Shipyard on the Crimean Peninsula was on fire early on Wednesday and two ships were damaged after Ukraine launched 10 missiles and three speedboat attacks on the port, Russia's defence ministry said. "As a result of being hit by enemy cruise missiles, two ships under repair were damaged," the ministry said. The strategic shipyard on the peninsula, which Russia annexed from Ukraine in 2014, builds and repairs ships and submarines of the Russian Black Sea Fleet. Ukraine almost never publicly claims responsibility for attacks inside Russia or on Russian-controlled territory in Ukraine, but has been saying in recent months that destroying Russia's military infrastructure helps Kyiv's counteroffensive.

Persons: Sevastopol Mikhail Razvozhayev, Alexey Pavlishak, Mikhail Razvozhayev, Razvozhayev, Lidia Kelly, Tom Hogue, Michael Perry, Guy Faulconbridge, Gerry Doyle Organizations: REUTERS, Sevastopol Shipyard, Fleet, Thomson Locations: Sevastopol, Crimea, Crimean, Ukraine, Moscow, Russia, Russian, Kyiv, Melbourne

Alibaba Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song Acquire Licensing RightsSHANGHAI, Sept 13 (Reuters) - Alibaba said on Wednesday it would open its artificial intelligence model Tongyi Qianwen to the public, in a sign it has gained Chinese regulatory approval to mass-market the model. He was replaced by newly installed Alibaba Group CEO, Eddie Wu. In an internal letter to Alibaba staff on Tuesday, Wu said that AI would be at the centre of Alibaba Group's future strategy. Alibaba first unveiled Tongyi Qianwen in April, saying at the time that the AI large language model, which is similar to ChatGPT, would be integrated into all business applications.

Persons: Aly, Alibaba, Daniel Zhang, Eddie Wu, Wu, Tongyi Qianwen, Casey Hall, Tom Hogue Organizations: Artificial Intelligence, REUTERS, Rights, Cloud Intelligence Division, Zhejiang University, Thomson Locations: Shanghai, China, United States, DingTalk, Alibaba

☆ China's Huawei says it has reached global patent licensing deal with Xiaomi
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

A logo of Huawei Technologies is seen at its exhibition space, at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsBEIJING, Sept 13 (Reuters) - China's Huawei Technologies inked on Wednesday a global patent cross-licensing deal with Xiaomi Inc (1810.HK), according to a statement from Huawei. The deal covers communication technologies including 5G, it said, and marks the resolution of a patent licensing dispute between the two firms. Local Chinese media reported in March that Huawei was suing Xiaomi for alleged infringement of four registered patents mainly related to wireless communication technology, smartphone photography and screen lock technology. Huawei also has patent license agreements with other tech players such as Oppo and South Korea's Samsung (005930.KS).

Persons: Benoit Tessier, Xiaomi, Clarence Fernandez, Tom Hogue Organizations: Huawei Technologies, Viva Technology, Porte de, REUTERS, Rights, Xiaomi Inc, HK, Huawei, Local, Samsung, Ericsson, Beijing, Thomson Locations: Porte, Paris, France, Rights BEIJING, South

☆ Country Garden gets maturity extension approval for one more onshore bond - sources
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +3 min

The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. Shares in Country Garden, China's largest private property developer, jumped as much as 14% in Hong Kong on Wednesday. A Country Garden spokesperson did not immediately respond to Reuters' request for comment on the maturity extension of the bond. Before the latest voting to extend the maturities of eight onshore bonds, Country Garden managed to avoid default at the last minute twice earlier this month, bringing some relief to the battered property sector. Of those eight Country Garden bonds, maturity extensions for six have been approved, Reuters reported on Tuesday, citing sources.

Persons: Aly, Ting Meng, Shuyan Wang, Jing Bian, Xie Yu, Sumeet Chatterjee, Tom Hogue Organizations: Shanghai Country Garden, REUTERS, Rights, Reuters, Garden, Country Garden, ANZ, Thomson Locations: Shanghai, China, Rights BEIJING, HONG KONG, HK, Hong Kong, Beijing

☆ Column: TransWest line to recast Wyoming from coal villain to energy hero
▼ + stars: | 2023-09-12 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +4 min

LITTLETON, Colorado, Sept 11 (Reuters) - A 728-mile (1,172-km) transmission line connecting wind farms in rural Wyoming to power consumers in California and Nevada looks set to reshape Wyoming's reputation from coal stalwart to energy transition lynchpin. Wyoming is by far the largest coal producing state in the United States, accounting for more than 40% of total U.S. coal output in 2021, according to the U.S. Energy Information Administration (EIA). Reuters Image Acquire Licensing RightsAs a result, Wyoming has the potential to generate large amounts of wind power that can be exported to more populous areas which lack their own clean energy supplies. RECORD DRIVERThe main engine behind the clean energy that will flow through the TransWest line will be the Chokecherry and Sierra Madre wind energy project, which when completed will be the largest wind farm in the United States. But if the TransWest line can deliver on its promise of efficiently channelling surplus clean power to distant, needy consumers, there is a good chance more such projects will gain the necessary backing.

Persons: Gavin Maguire, Tom Hogue Organizations: U.S . Energy Information Administration, U.S, Reuters, TransWest, U.S . Department of Energy, TransWest Express, Thomson Locations: LITTLETON , Colorado, Wyoming, California, Nevada, . Wyoming, United States, Texas, U.S, California , Arizona, Sierra Madre

☆ India minister to propose higher diesel vehicle tax, warns automakers
▼ + stars: | 2023-09-12 | by ( Aditi Shah | ) www.reuters.com time to read: +2 min

A worker switches on a fuel pump before filling a car with diesel at a fuel station in New Delhi September 13, 2012. REUTERS/Mansi Thapliyal/File photo Acquire Licensing RightsNEW DELHI, Sept 12 (Reuters) - India's road transport minister, Nitin Gadkari, on Tuesday said he will propose an additional 10% tax on diesel vehicles and warned automakers of even higher levies to cripple their ability to sell such high-polluting vehicles. Gadkari said he will later in the day ask the finance minister for an "additional 10%" goods and services tax on diesel vehicles to tackle problems related to pollution. The Indian government currently imposes a 28% tax on diesel cars and an additional so-called "cess" is levied depending on the vehicles' engine capacity. Shares in Indian automakers Tata Motors, Mahindra and Mahindra, Ashok Leyland (ASOK.NS), and Eicher Motors (EICH.NS) fell between 1.5% and 4.5%.

Persons: Mansi, Nitin Gadkari, Gadkari, Maruti Suzuki, Ashok Leyland, Aditi Shah, Tanvi Mehta, Christian Schmollinger, Tom Hogue Organizations: REUTERS, New, Tata Motors, Mahindra, Maruti, Volkswagen, automakers Tata Motors, Eicher Motors, Thomson Locations: New Delhi, DELHI, India

☆ Helicopter crashed into sea off Dubai, search for crew underway -UAE regulator
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: 1 min

DUBAI, Sept 8 (Reuters) - An AeroGulf helicopter crashed into the sea on Thursday evening and a search is underway for its crew of two pilots, UAE's General Aviation Authority said on Friday. The crash occurred off the coast of Dubai after the helicopter had taken off from Al Maktoum International Airport. One of the pilots of the Bell 212 helicopter is Egyptian and the other is South African, the aviation regulator said. "The search and rescue teams have recovered the wreckage, and the search is still underway for the plane's crew, and the air accident investigation team has moved to the site," the authority said. Reporting by Ahmed Elimam; Writing by Tala Ramadan; Editing by Jamie Freed and Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: Ahmed Elimam, Tala, Jamie Freed, Tom Hogue Organizations: UAE's General Aviation Authority, Al, Al Maktoum International Airport, Bell, Thomson Locations: DUBAI, Dubai, Al Maktoum

☆ BOJ policymaker calls for keeping ultra-easy policy, sets high bar on exit
▼ + stars: | 2023-09-07 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

As a result, it was hard to say when inflation could hit the bank's 2% inflation target in a sustainable manner, she said. "But we're not at a stage where we can judge that Japan has achieved our price target in a stable, sustainable fashion." The BOJ has defined sustainable inflation as price rises driven not by rising raw material costs, but strong domestic demand accompanied by continued wage increases. But she laid out in detail the conditions for ending negative rates. "When we see many people share prospects that wages will keep rising, we may be able to exit (negative rates)," she added.

Persons: Androniki, Nakagawa, Bank of Japan policymaker Junko Nakagawa, Haruhiko Kuroda, We're, Kazuo Ueda, Leika Kihara, Tom Hogue, Kim Coghill, Emelia Organizations: REUTERS, Bank of Japan, Thomson Locations: Japan, Tokyo, KOCHI, Kochi

☆ BOJ policymaker calls for keeping ultra-easy policy for now
▼ + stars: | 2023-09-07 | by ( Leika Kihara | ) www.reuters.com time to read: +2 min

An office employee walks in front of the bank of Japan building in Tokyo, Japan, April 7, 2023. An increasing number of Japanese companies were raising prices and wages, Nakagawa said, adding that there was a chance inflation could accelerate more than initially expected. But there was also a risk inflation could slow once the pass-through of higher costs moderate, she said. "But we're not at a stage where we can judge that Japan has achieved our price target in a stable, sustainable fashion." Reporting by Leika Kihara; Editing by Tom Hogue and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Androniki, Bank of Japan policymaker Junko Nakagawa, Nakagawa, Kazuo Ueda, Leika Kihara, Tom Hogue, Kim Coghill Organizations: REUTERS, Rights, Bank of Japan, Thomson Locations: Japan, Tokyo, Rights KOCHI, Kochi

☆ South Korea's Yoon meets China Premier Li at ASEAN summit
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

[1/2] South Korean President Yoon Suk-yeol attends the ASEAN-South Korea Summit at the Association of the Southeast Asian Nations (ASEAN) Summit in Jakarta, Indonesia, September 6, 2023. Tatan Syuflana/Pool via REUTERS Acquire Licensing RightsSEOUL, Sept 7 (Reuters) - South Korean President Yoon Suk Yeol met with China's Premier Li Qiang on the sidelines of an ASEAN summit in the Indonesian capital of Jakarta on Thursday, just hours after Yoon called for a rules-based maritime order in the South China Sea. Yoon's meeting with Li comes after the South Korean leader vowed to enhance cooperation with China and Japan. Just hours earlier, Yoon said any attempts to change the status quo by force in the South China Sea cannot be tolerated. He was speaking at the East Asia Summit which includes the ASEAN bloc, China, Japan, the United States and others.

Persons: Yoon Suk, yeol, Tatan, Yoon Suk Yeol, China's Premier Li Qiang, Yoon, Li, Indonesia's, Kim Jong, Vladimir Putin, Soo, hyang Choi, Jack Kim, Tom Hogue, Michael Perry Organizations: South, ASEAN, South Korea Summit, Association of, Southeast Asian Nations, REUTERS Acquire, Rights, China's Premier, East Asia, United Nations, . Security Council, The United, Thomson Locations: South Korean, Jakarta, Indonesia, Rights SEOUL, Indonesian, South China, China, Japan, South, United States, Pyongyang, Russia, Moscow, The United States, North Korea, Ukraine, South Korea

REUTERS/Dado Ruvic/Illustration/Files Acquire Licensing RightsSummary Crude imports jump 30.9% from last year to 12.43 million bpdNatural gas imports up 22.7% from last yearRefined fuel exports rise month-on-monthBEIJING, Sept 7 (Reuters) - China's crude oil imports surged in August, customs data showed on Thursday, as refiners built inventories and increased processing to benefit from higher profits from exporting fuel. China's imports have increased from last year since domestic fuel demand is no longer being suppressed by widespread curbs to tackle the COVID-19 pandemic. However, the broader outlook for China's economy remains gloomy, with a weaker property sector and sluggish domestic consumption weighing on fuel demand. read moreAt the same time, oil product exports are rising as refiners cash in on rising profit margins from selling fuel overseas. Refined fuel exports last month rose to 5.89 million tons, customs said, up from 5.31 million tons in July and 23.3% than a year earlier.

Persons: Dado Ruvic, Xu Peng, Xu, Andrew Hayley, Tom Hogue Organizations: REUTERS, Administration, Customs, Citi, Thomson Locations: BEIJING, China, Beijing

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