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☆ Dollar falls to nine-month low as Powell notes progress in disinflation
▼ + stars: | 2023-02-01 | by ( Karen Brettell | ) www.reuters.com time to read: +3 min

NEW YORK, Feb 1 (Reuters) - The dollar extended losses on Wednesday and fell to a nine-month low against a basket of currencies after Federal Reserve Chair Jerome Powell spoke of making progress in bringing down inflation pressures, even as the U.S. central bank warned of further monetary policy tightening. He also noted progress on disinflation, which he said is in its early stages, and said the Fed will continue to make decisions on a meeting-by-meeting basis. The Fed's last "dot plot" in December showed that Fed officials expected the rate to rise above 5%. The dollar fell as low as 101.03 against a basket of currencies , the lowest since April 22. (USAVGE=ECI), (USAVHE=ECI)The European Central Bank (ECB) and the Bank of England are both expected to raise interest rates by 50 basis points on Thursday.

☆ Large Brazilian banks may set aside around $890 mln for Americanas losses in Q4
▼ + stars: | 2023-02-01 | by ( Aluisio Alves | ) www.reuters.com time to read: +1 min

SAO PAULO, Feb 1 (Reuters) - Brazilian banks may start setting aside provisions for losses with retailer Americanas already in the fourth quarter of 2022, analysts say. Banks such as BTG Pactual , Bradesco (BBDC4.SA), Santander Brasil , Itaú Unibanco Holding (ITUB4.SA) and Banco do Brasil (BBAS3.SA) have around 15 billion reais in loans with Americanas, according to analyst reports. Analysts estimate the banks may provision around 30% of their loans in the fourth quarter, which would be equivalent to 4.5 billion reais ($890 million), even with bankruptcy protection taking place in January, as a precautionary measure allowed by the Brazilian central bank. The first Brazilian bank to release fourth quarter earnings, on Thursday, is Banco Santander Brasil. ($1 = 5.0544 reais)Reporting by Aluisio Alves; Writing by Tatiana Bautzerd; Editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ Dollar slips ahead of Fed rate decision
▼ + stars: | 2023-02-01 | by ( Joice Alves | ) www.reuters.com time to read: +3 min

LONDON, Feb 1 (Reuters) - The dollar weakened slightly against the euro ahead of Wednesday's eagerly awaited Federal Reserve policy decision, with investors hoping the U.S. central bank will signal an end to interest rate tightening cycle. After a series of jumbo rate increases in 2022 to tame inflation, the market expects the Fed benchmark interest rate to be raised by a quarter of a percentage point to 4.75%. That would be the smallest increase since the central bank began raising rates 10 months ago. Carol Kong, currency strategist at Commonwealth Bank of Australia, said: "Recent progress on inflation has encouraged market participants to expect the Fed to quickly pivot from interest rate hikes to interest rate cuts." EURO ZONE INFLATIONInvestors said that euro zone inflation data is unlikely to affect the European Central Bank's (ECB) monetary decision on Thursday.

☆ Drag artist says George Santos left Brazil in 2005 and returned in 2008 'with money' to compete and lose in Miss Gay Rio de Janeiro
▼ + stars: | 2023-01-24 | by ( Nicole Gaudiano | Virginia Alves | ) www.businessinsider.com time to read: +3 min

Embattled Rep. George Santos once wanted to be Miss Gay Rio De Janeiro, a drag artist told Insider. But that title wasn't in the cards for his admittedly embellished resume, drag artist Eula Rochard told Insider. Reuters reported that Santos "aspired to be Miss Gay Rio de Janeiro." Rochard, who made headlines after circulating a photo she says is of Santos in a red dress, said Santos wasn't a professional drag queen. Santos left Brazil in 2005 and returned in 2008 "with a lot of money," Rochard said.

☆ Analysis: Europe Inc earnings season a test for market optimism
▼ + stars: | 2023-01-23 | by ( Joice Alves | ) www.reuters.com time to read: +4 min

In a sign analysts were unprepared for such optimism, Citi's economic surprise indicator for the euro zone (.CESIEUR) jumped last week to its highest since July 2021. "Companies are telling us that it's going to be harder to pass on rising costs to customers in 2023 as economic growth slows," said Nigel Bolton, co-chief investment officer of BlackRock Fundamental Equities. Fourth-quarter earnings for STOXX 600 companies are forecast to have grown by 10.7% year-on-year, the slowest in two years, according to Refinitiv I/B/E/S data. Earnings are seen bouncing back to growth of 11.4% in the final quarter of the year. Analysts downgrade earnings forecastsReporting by Joice Alves Editing by Josephine Mason and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Drag artist says George Santos was a left-wing Lula supporter in Brazil before going to the US and turning into 'this crazy thing'
▼ + stars: | 2023-01-23 | by ( Nicole Gaudiano | Virginia Alves | ) www.businessinsider.com time to read: +4 min

A drag artist who knew him in the mid-2000s told Insider Santos supported Brazil's left-wing president then. Rochard said Santos supported Lula and then "goes to the US and turns into this crazy thing there. They were all Lulistas and Anthony was too because he hung out with us," Rochard told Insider, using the name Rochard says Santos used in Brazil, "Anthony." Brazilian drag artist Eula Rochard holds a newspaper from 2008 that she says shows GOP Rep. George Santos in drag attire. Rochard met Santos when he was about 17 years old and said she used to catch Santos in "little white lies."

UFC 283 will stream live on January 21, with the main card starting at 10 p.m. How to watch UFC 283You can watch the main event of UFC 283 on ESPN+ at 10 p.m. ET on ESPN+, ESPN, and ABC. Ways to save on the UFC 283 pay-per-view priceIf you plan on signing up for ESPN+ to watch UFC 283, you can take advantage of a special discounted package. Here's the fight card for UFC 283: Teixeira vs. HillESPNEarly Prelims — 5:30 p.m.

☆ Brazil's Dani Alves jailed on remand in Spain over sexual assault allegation
▼ + stars: | 2023-01-20 | by ( Joan Faus | ) www.reuters.com time to read: +2 min

BARCELONA, Jan 20 (Reuters) - A Spanish judge on Friday ordered that Brazil soccer player Dani Alves be jailed on remand without bail over an alleged sexual assault of a woman in a Barcelona nightclub, the regional court system said. Earlier on Friday, Alves appeared before a Barcelona judge after local police detained and questioned him. The alleged victim had filed a complaint earlier this month and the case remains open over a crime of sexual assault, Catalonia's court system said in a statement. Alves told Antena 3 TV earlier this month that he was at the club with other people but denied any such behaviour. Alves played for Barcelona from 2008-2016 and briefly returned to the LaLiga team for the 2021-22 season.

☆ Spanish judge orders prison on remand for Dani Alves, reports say
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: 1 min

BARCELONA, Jan 20 (Reuters) - A Spanish judge has ordered that Brazil soccer player Dani Alves be jailed on remand over a sexual assault allegation La Sexta TV and local newspaper La Vanguardia reported on Friday. Court officials contacted by Reuters said they could not immediately confirm the reports. Reporting by Jesus Aguado and Joan Faus, writing by David Latona; Editing by Andrei KhalipOur Standards: The Thomson Reuters Trust Principles.

A Brazilian drag performer said Thursday that GOP Rep. George Santos "couldn't cut it" as a drag queen. Santos has denied having performed as a drag queen. Santos had an "outgrown sense of grandeur" and "lied all the time," Rochard told NBC, adding Santos "never the type of drag queen who could hold down the show." "The most recent obsession from the media claiming that I am a drag Queen or 'performed' as a drag Queen is categorically false," Santos said in a tweet from his official account. She added that Santos competed as a drag queen at a 2008 beauty pageant in Rio.

☆ Yen plunges as BOJ sticks to ultra-easy policy
▼ + stars: | 2023-01-18 | by ( Ankur Banerjee | ) www.reuters.com time to read: +2 min

Since then, speculation had swirled that the BOJ could tweak its yield curve control (YCC) policy further or even scrap it. At a two-day policy meeting, the BOJ kept intact its YCC targets, set at -0.1% for short-term interest rates and around 0% for the 10-year yield, by a unanimous vote. The Australian dollar gained 2.2% and Singapore dollar rose 1.9%. The 10-year yield has repeatedly breached the ceiling in the past four sessions. The Australian dollar rose mostly flat, while the kiwi rose 0.30% at $0.645.

SAO PAULO, Jan 12 (Reuters) - Shares in Brazilian retailer Americanas SA (AMER3.SA) fell more than 75% on Thursday after its chief executive officer resigned citing the discovery of "accounting inconsistencies" totaling 20 billion reais ($3.9 billion). Rial attributed the inconsistencies to differences in accounting for the financial cost of bank loans and debt with suppliers. The outgoing CEO said Americanas would likely need a capital increase, though noted he didn't expect a short-term impact from the inconsistencies on its cash position. Analysts at Santander and JPMorgan, who rated Americanas "Neutral" and "Underweight" respectively, also forecast a major negative reaction to the news. PwC, Americanas' auditor, declined to comment on the accounting inconsistencies referred to by Rial.

☆ The Jan. 6-style attack on Brazil's capital came after Bolsonaro followed the Trump election playbook
▼ + stars: | 2023-01-09 | by ( John Haltiwanger | ) www.businessinsider.com time to read: +7 min

The attack on Brazil's capital came after Bolsonaro closely followed Trump's election playbook. The attack in Brazil's capital came after Bolsonaro followed a near-identical playbook to that of former US President Donald Trump in the lead-up to the fatal January 6 insurrection in Washington, D.C. in 2021. Bolsonaro, like Trump, spread baseless claims of voter fraud ahead of Brazil's presidential election — sowing doubts about the integrity of the electoral process. And, much like Trump, Bolsonaro refused to concede after he was defeated and would go on to skip the inauguration of his successor. In the run-up to Brazil's election, pundits and experts warned that Bolsonaro's rhetoric was setting the stage for the South American country to see its own version of the January 6 riot.

Some top equity strategists predict no profit growth or even a decline in earnings. For the U.S. benchmark S&P 500, analysts project full-year 2023 profit growth of 4.7% following estimated growth of 5.7% for all of 2022, based on Refinitiv data. Jonathan Golub, chief U.S. equity strategist at Credit Suisse Securities in New York, recently lowered his profit forecast and expects a decline in year-over-year S&P 500 earnings in 2023. "Our analysis shows that both earnings and margins typically contract when global GDP (gross domestic product) growth ran below trend". Earnings breakdown by regionEarnings growth by global sectorBlackRock in its 2023 global outlook said earnings expectations are not yet pricing in a recession.

☆ The US may have lost in the World Cup, but soccer is more popular than ever in America
▼ + stars: | 2022-12-12 | by ( Harry Enten | ) edition.cnn.com time to read: +36 min

The Atlas Lions made history as the first African team to reach a World Cup semifinal. They made history as the first all-female refereeing crew for a men's World Cup match. It was Morocco's first World Cup win since 1998 — and its third-ever at the tournament. Less spoken about is that they also rate better on television than the men do in the World Cup. We’ll just have to wait and see, though with the US, Canada and Mexico hosting the 2026 World Cup, soccer isn’t going away anytime soon.

☆ Neymar says he is unsure if he will play again with Brazil
▼ + stars: | 2022-12-09 | by ( Fernando Kallas | ) www.reuters.com time to read: +1 min

[1/3] Soccer Football - FIFA World Cup Qatar 2022 - Quarter Final - Croatia v Brazil - Education City Stadium, Doha, Qatar - December 9, 2022 Brazil's Neymar looks dejected after being eliminated from the World Cup REUTERS/Suhaib Salem TPX IMAGES OF THE DAYAL RAYYAN, Qatar, Dec 9 (Reuters) - Brazil's Neymar said on Friday he was unsure if he would play again for the national team after their heartbreaking World Cup quarter-final defeat to Croatia on penalties. Maybe I'm not thinking straight," an emotional Neymar told reporters. "I want to take this time to think about it, think about what I want for myself. I will not close the door to playing with Brazil, nor do I say 100% that I'll come back." Against Croatia, Neymar put the South Americans ahead with a brilliant mazy run in the first half of extra time.

☆ Indigenous group denounces release of suspect in Amazon murder of British journalist, expert
▼ + stars: | 2022-12-09 | by ( ) www.reuters.com time to read: +2 min

Dec 8 (Reuters) - An indigenous group from the area of the Amazon rainforest where British journalist Dom Phillips and indigenous expert Bruno Pereira were murdered in June on Thursday deplored the release of one of the suspects in the killing. The Union of Indigenous Peoples of the Javari Valley (Univaja) said in a statement that the man's release pointed to the negligence of Brazilian authorities in prosecuting the case and their failure to contain organized crime in the region. Federal Police did not immediately respond to a request for comment about the judge's decision. It seems that the investigations are being carried out in an ineffective way or have simply been stopped," Univaja said. The Amazonas court did not immediately respond to a request for comment.

☆ Dollar kept aloft by higher Fed rates bets, RBA rate hike lifts Aussie
▼ + stars: | 2022-12-06 | by ( Joice Alves | ) www.reuters.com time to read: +2 min

The Australian dollar perked up from near one-week lows after the Reserve Bank of Australia (RBA) raised rates for the eighth time in as many months. After recording its biggest rally in two weeks on Monday, the U.S. dollar index , which measures the currency against six major peers, was 0.1% lower at 105.05 at 1200 GMT. It later reversed course after data showing U.S. services industry activity unexpectedly picked up in November, with employment rebounding. Traders currently expect a half-point hike to a 4.25-4.5% policy band and a terminal rate of just above 5% in May. European Central Bank policymaker Constantinos Herodotou said on Tuesday interest rates will go up again but are now "very near" their neutral level.

The Australian dollar perked up from near one-week lows after the Reserve Bank of Australia (RBA) raised rates for the eighth time in as many months. The U.S. dollar index , which measures the currency against six major peers, was at 105.24, steady after Monday's 0.7% rally, its biggest since Nov. 21. It later reversed course after data showing U.S. services industry activity unexpectedly picked up in November, with employment rebounding. Traders currently expect a half-point hike to a 4.25-4.5% policy band and a terminal rate of just above 5% in May. Reporting by Joice Alves and Kevin Buckland; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

☆ Cameroon strike late to stun Brazil's second-string team 1-0
▼ + stars: | 2022-12-02 | by ( Simon Jennings | ) www.reuters.com time to read: +4 min

They will face Group H runners-up South Korea, who beat Portugal 2-1, in the next round. Brazil's first-ever defeat to an African opponent at a World Cup will, however, no doubt sting as their reserve players were left to rue the fact they did not take the chance handed to them by their coach. "It's a warning signal," said the 39-year-old Dani Alves, one of the players brought in for the game. Cameroon, whose last win at the World Cup was in 2002 against Saudi Arabia, were on the back foot for most of the match but sprung to life at the death. But in the end it was Cameroon who got the only statistic that actually counted.

☆ Asia stocks rebound despite disappointing China data
▼ + stars: | 2022-11-30 | by ( Kane Wu | ) www.reuters.com time to read: +3 min

MSCI's broadest gauge of Asia Pacific stocks outside Japan (.MIAPJ0000PUS) reversed morning losses to gain 0.67%. "Despite the surge in cases and recent protests, China has not hardened its COVID approach and is continuing to fine-tune its policy, which is encouraging to investors." "Headlines from China regarding COVID restrictions and protests are causing jitters among investors. A series of U.S. data concerning manufacturing, inflation and jobs will also be released this week. Oil prices posted gains of more than 1% in Asian trade on Wednesday on falling U.S. crude inventories and a lower greenback, but concerns OPEC+ will leave output unchanged at its upcoming meeting and weak China data limited gains.

☆ Asia stocks choppy as investors cautious after disappointing China data
▼ + stars: | 2022-11-30 | by ( Kane Wu | ) www.reuters.com time to read: +3 min

HONG KONG, Nov 30 (Reuters) - Asian shares wobbled on Wednesday as investors remain cautious about China's path to reopening its economy after it released disappointing manufacturing data, with China and Hong Kong stocks wiping out strong gains from the previous day. MSCI's gauge of Asia Pacific stocks outside Japan (.MIAPJ0000PUS) was up 0.02% at 0201 GMT, paring earlier losses. The losses in Hong Kong and China reversed positive sentiment from Tuesday, when Chinese officials said the country would speed up COVID-19 vaccinations for elderly people. "Headlines from China regarding COVID restrictions and protests are causing jitters among investors. A series of U.S. data concerning manufacturing, inflation and jobs will also be released this week.

The euro rose ahead of inflation data due on Wednesday. The Aussie , often used as a liquid proxy for the yuan, rose 1.2% to $0.6734. EURO ZONE INFLATIONThe euro was up 0.4% at $1.0380, not far from a five-month peak of $1.0497 hit on Monday. Flash euro zone inflation figures for November are due on Wednesday, with economists polled by Reuters expecting inflation to come in at 10.4% year-on-year. St. Louis Fed President James Bullard said the Fed needed to raise interest rates quite a bit further, while New York Fed President John Williams and Richmond Fed President Thomas Barkin echoed similar views.

LONDON, Nov 28 (Reuters) - Paris' luxury-laden stock exchange is now worth more than London's. France's CAC All Shares index (.PAX) is now worth almost $3 trillion, making it Europe's largest stock market by value thanks to demand for its luxury-retailer blue chips. Reuters GraphicsFUND FLOWSSo far in 2022, funds investing in UK stocks have seen record outflows of 23 billion euros, according to Refinitiv Lipper, up from almost 18 billion euros last year and the 14.6 billion euros shed in 2016, when Britain voted to leave the European Union. Annual outflows from French equity funds are much smaller - at 2 billion euros this year. FX MATTERSIt's also worth noting that currency comes into play when measuring the size of London's market against Paris' in dollar terms.

☆ Paqueta illness gives Brazil another selection headache
▼ + stars: | 2022-11-27 | by ( Fernando Kallas | ) www.reuters.com time to read: +2 min

AL RAYYAN, Qatar, Nov 27 (Reuters) - Five-times world champions Brazil could be without midfielder Lucas Paqueta for their next World Cup Group G game against Switzerland on Monday. The World Cup favourites trained behind closed doors at the Al Arabi Stadium on Saturday and coach Tite gave no clue about team selection in his news conference on Sunday. The versatile 21-year-old forward played in Neymar's position in three practice games in Turin before the World Cup. "I believe that Neymar and Danilo will play again in the World Cup," said on Sunday. "I believe we will be able to count on them in the World Cup again."

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