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On Wednesday, Brazil arrested two people on terrorism charges as part of an operation to take down a suspected Hezbollah cell planning attacks on Brazilian soil. Later that day, Mossad publicly thanked Brazil's police and said, "Given the backdrop of the war in Gaza," Hezbollah was continuing to attack Israeli, Jewish and Western targets. A spokesperson for the Israeli Prime Minister's Office, which oversees the Mossad, had no immediate comment. Brazil's Foreign Ministry told Israel this week that the diplomatic relationship would become unsustainable if any harm were to befall the trapped Brazilians, the sources said. The Iranian government and Hezbollah, an Iran-backed group in Lebanon, could not immediately be reached for comment.
Persons: Brazil's, Flavio Dino, Israel, Dino, Luiz Inacio Lula da Silva, Eli Cohen, Mauro Vieira, Vieira, Daniel Zonshine, Jair Bolsonaro, Lula, Zonshine, Andrei Rodrigues, Rodrigues, Gabriel Stargardter, Maytaal Angel, Jonathan Saul, Andrew Heavens, Brad Haynes, David Gregorio, Leslie Adler Organizations: RIO DE, Brazilian Federal Police, Prime, Office, Mossad, Foreign Ministry, Reuters, O Globo, Wednesday's Federal Police, Federal Police, Hezbollah, Thomson Locations: RIO DE JANEIRO, Brazil, Israel, Gaza, Bolivia, Colombia, Chile, Iran, Lebanon
Seven generations of its men before him had trained as Islamic scholars, known as Mawlawis. But his father, Mawlawi Mohammed Rafiq Habibi, was a conflicted man. He dressed in suits and ties and was open to debating theological questions with his son about the existence of God. On a bus ride from Kandahar to Karachi, the conductor softly sang the song. “All these distances in the world — the threads, the ropes are in God’s hand,” she told him.
Persons: Mohammed Sadiq Habibi, Kandahar “, Mawlawi Mohammed Rafiq Habibi, Bibi Hazrata, , , tugged Organizations: Radio Afghanistan Locations: Afghan, Kandahar, Karachi, India, Arghandab
The entrance to JPMorgan Chase's international headquarters on Park Avenue is seen in New York October 2, 2012. It is the bank's third-biggest city in the European Union in terms of staff with 900 people, coming after Warsaw (1,200) and Dublin (more than 1,000). In the wake of Britain's exit from the European Union, JPMorgan bought a seven-storey building near its historic headquarters in the first arrondissement to house more employees. JPMorgan will commit $50 million of the $60 million investment and Bpifrance will provide 10 million euros ($10.66 million). The aim is to raise between 150 million euros to 200 million euros by the end of 2024, the U.S. lender said.
Persons: Shannon Stapleton, Bpifrance, Cartier, Louis Vuitton, JP Morgan, Jamie Dimon, Mathieu Rosemain, Anousha Sakoui, Louise Heavens Organizations: JPMorgan Chase's, REUTERS, Rights, JPMorgan, U.S, European Union, Gardens, Justice, Ritz Paris Hotel, Spark, JPMorgan Asset Management, Thomson Locations: New York, France, London, Paris, Europe, Warsaw, Dublin, U.S, Vendome, Spark France
The bloc is deploying the world's first comprehensive set of rules for cryptocurrency and stablecoin markets, and the European Banking Authority (EBA) proposed minimum capital and liquidity requirements for issuers of stablecoins and other types of digitised tokens. The EBA launched public consultations on liquidity requirements for the reserve of assets that back a stablecoin, meaning that only eligible assets of high enough quality can be used. The EBA said that issuers of stablecoins backed by a currency must be able to offer full redemptions at par to investors. Banks may be exempt from liquidity requirements in some instances, given that they already hold liquidity buffers under existing EU bank capital and liquidity rules, the EBA said. The proposed liquidity rules ensure that issuers of stablecoins, which can be non-bank institutions, meet the same safeguards, and also avoid unfair capital or liquidity advantages over banks.
Persons: Stablecoins, Banks, Huw Jones, Louise Heavens Organizations: European Banking Authority, EBA, Thomson
Pandora products are seen at their store at the Woodbury Common Premium Outlets in Central Valley, New York, U.S., February 15, 2022. Pandora said it now forecasts full-year organic sales growth of 5%-6%, up from 2%-5% previously seen, and said it still expects an operating profit margin of around 25%. Operating profit fell to 920 million crowns ($132 million)from a year-earlier 978 million as costs rose, although this also beat analyst expectations for a profit of 875 million crowns in apoll published by Pandora. Improvement in like-for-like sales was driven by the U.S., as traffic picked up in the region given recent brand initiatives. The affordable luxury brand said its gross margin reached a record 79%, helped by cost savings and price hikes.
Persons: Andrew Kelly, Pandora, apoll, Alexander Lacik, Louise Breusch Rasmussen, Anna Ringstrom, Louise Heavens Organizations: Woodbury, REUTERS, Rights, Pandora, JPMorgan, Thomson Locations: Central Valley , New York, U.S
An Embraer logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. Embraer earlier in the day reported third-quarter adjusted net income of $32.9 million, up 34% from a year earlier, with net revenue jumping 38% in the period to $1.28 billion. Embraer delivered 43 aircraft in the quarter that ended in September, up 30% from the same period of 2022, including 15 commercial and 28 executive jets. CEO Francisco Gomes Neto told Reuters last month that the firm was confident it would meet its outlook for aircraft deliveries in 2023, seen growing by about a quarter, and expects to be able to maintain that pace next year. ($1 = 4.9007 reais)Reporting by Gabriel Araujo; Editing by Louise Heavens, David Goodman, Chizu Nomiyama and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.
Persons: Denis Balibouse, Antonio Carlos Garcia, Garcia, TD Cowen, Cai von Rumohr, Francisco Gomes Neto, Gabriel Araujo, Louise Heavens, David Goodman, Chizu Nomiyama, Jan Harvey Organizations: Embraer, European Business Aviation Convention, REUTERS, SAO PAULO, EMBR3, Boeing, Airbus, Reuters, Thomson Locations: Geneva, Switzerland
Brazil's Embraer posts 34% profit jump, maintains outlook
  + stars: | 2023-11-06 | by ( ) www.reuters.com   time to read: +1 min
An Embraer logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsSAO PAULO, Nov 6 (Reuters) - Brazilian planemaker Embraer (EMBR3.SA) on Monday reported a third-quarter adjusted net income of $32.9 million, up 34% from a year earlier, and reiterated its outlooks for the full year despite ongoing supply chain issues. "We have a big challenge for deliveries in the fourth quarter, but as we demonstrated in the fourth quarter of 2022, we are prepared for it," Chief Financial Officer Antonio Carlos Garcia told a conference call with analysts. Embraer's net revenue jumped 38% in the third quarter to $1.28 billion, the firm said, noting it managed to post double-digit revenue growth across all its four units - which also include defense & security and services & support. ($1 = 4.9007 reais)Reporting by Gabriel Araujo Editing by Louise Heavens, David Goodman and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.
Persons: Denis Balibouse, Antonio Carlos Garcia, Francisco Gomes Neto, Gabriel Araujo, Louise Heavens, David Goodman, Chizu Organizations: Embraer, European Business Aviation Convention, REUTERS, SAO PAULO, EMBR3, Boeing, Airbus, Reuters, Thomson Locations: Geneva, Switzerland
Airbus delivered 71 aircraft in October - sources
  + stars: | 2023-11-06 | by ( ) www.reuters.com   time to read: +1 min
The logo of Airbus is seen at the entrance of a building in Toulouse, France, March 11, 2021. REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsPARIS, Nov 6 (Reuters) - Airbus (AIR.PA) delivered 71 aircraft in October, industry sources said on Monday, up 18% from the same month last year. Airbus declined to comment ahead of the publication of delivery numbers on Tuesday and quarterly results on Wednesday. The October tally, which also accelerated from 55 aircraft in September, brings total deliveries so far this year to 559 units compared with a full-year target of 720. It is in line with a forecast of 71 aircraft by analysts at Jefferies, which said the higher pace of deliveries had "further de-risked" the 2023 delivery target after Airbus downgraded and eventually abandoned delivery goals last year amid supply woes.
Persons: Stephane Mahe, Tim Hepher, Louise Heavens Organizations: Airbus, REUTERS, Rights, Jefferies, Thomson Locations: Toulouse, France
Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsSummary Saudi Arabia and Russia supply cuts to remain until year-endChina's refinery throughput slows from record levelsEuro zone recession fears amplified by PMI dataLONDON, Nov 6 (Reuters) - Oil prices rose on Monday after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra voluntary oil supply cuts until the end of the year. Russia also announced it would continue its additional voluntary cut of 300,000 bpd from its crude oil and petroleum product exports until the end of December. Monday's oil price gains could have been capped by an easing of crude throughput at Chinese refineries. Macroeconomic concerns persist in Europe, where Purchasing Managers' Index (PMI) data showed the slowdown in euro zone manufacturing accelerated in October.
Persons: Agustin Marcarian, Giovanni Staunovo, Tamas Varga, Robert Harvey, Florence Tan, Colleen Howe, Louise Heavens, David Goodman Organizations: REUTERS, PMI, Brent, . West Texas, Oil, Reuters, Saudi, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Saudi Arabia, Russia, OPEC, China, China’s, Europe
The results show how Australia's retail banks are leaning into businesses outside their traditional earnings engine of mortgages as higher interest rates raise the cost of repayments, spurring competition which has flattened profit margins. Sydney-listed Westpac said profit from its consumer division, which has just over one-fifth of Australian mortgages, shrank 7% in its full-year to end-September. Westpac gave no profit forecasts but said April-to-September trading was "more challenging" than the previous six months and "this is expected to continue into 2024". "If that does eventuate, interest rates will probably need to be higher than what we're thinking," he said on a call with analysts and media. Westpac declared a final dividend of 72 Australian cents per share, up from 64 Australian cents a year earlier.
Persons: David Gray, Azib Khan, Peter King, We've, Byron Kaye, Roushni Nair, Upasana Singh, Andrew Heavens, Josie Kao, Aurora Ellis Organizations: Australia's Westpac Banking Corp, REUTERS, Westpac, Commonwealth Bank, National Australia Bank, ANZ, Sydney, midsession, P Capital, Thomson Locations: Sydney, Australia, Ukraine, Bengaluru
A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023. Seeking on-the-ground confirmation, the ECB surveyed 65 very large firms with a global footprint and 49% said they were looking to "near-shore", or bring production closer to the point of sales. "As to those countries which posed – or could pose – a risk to supply chains in their sector more generally, two-thirds of all respondents cited China," the ECB said in an Economic Bulletin article. "A large majority of these identified China as that country, or one of those countries, with all of them considering this an elevated risk," the ECB added. The moves could also fuel inflation as close to half of firms said they expected the changes to result in higher prices, the paper added.
Persons: Heiko Becker, Balazs Koranyi, Andrew Heavens Organizations: European Central Bank, REUTERS, Rights, ECB, European, Thomson Locations: Frankfurt, Germany, China, Ukraine
People look towards Big Ben and the Houses of Parliament, where Britain's King Charles III will set out the government's forthcoming legislative plans in a speech on Tuesday, in London, Britain, November 6, 2023. "I want everyone across the country to have the pride and peace of mind that comes with knowing your community ... is safe. That is my vision of what a better Britain looks like," Sunak said in a statement before the speech. In the most despicable cases, these evil criminals must never be free on our streets again. Reporting by Elizabeth Piper and Andrew MacAskill; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.
Persons: Big Ben, King Charles III, Toby Melville, Sunak Sunak, Labour King's, King Charles, Rishi Sunak's, Sunak, Bill, Charles, Queen Elizabeth, Elizabeth Piper, Andrew MacAskill, Andrew Heavens Organizations: REUTERS, Labour, LONDON, British, Conservatives, Labour Party, Reading, Thomson Locations: London, Britain, Buckingham Palace, Westminster
A Toyota logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo Acquire Licensing RightsTOKYO, Nov 6 (Reuters) - Japan's Nippon Telegraph and Telephone (NTT) (9432.T) plans to test driverless vehicle technology with Toyota Motor (7203.T) and invest in a U.S. startup developing self-driving systems, a spokesperson for the telecommunications firm said on Monday. The Nikkei newspaper first reported on Monday that NTT will invest in May Mobility, adding that both NTT and Toyota would jointly develop vehicles. Both the NTT spokesperson and a Toyota spokesperson said they had no plans for joint development. Cruise late that month suspended all driverless vehicle operations in the United States following an accident that led California regulators to order the company to remove its driverless cars from state roads.
Persons: David, Dee, Delgado, Cruise, Daniel Leussink, Maki Shiraki, Satoshi Sugiyama, Louise Heavens, Christina Fincher Organizations: New York, REUTERS, Rights, Japan's Nippon, Telephone, NTT, Toyota Motor, Nikkei, Toyota, Mobility, Tokio, Honda, General Motors, Cruise, Thomson Locations: Manhattan , New York City, U.S, Japan, Michigan, United States, California
PARIS (Reuters) - Three French planes delivering 54 tonnes of aid for Gaza arrived in Egypt this weekend and France has three naval vessels in the eastern Mediterranean ready to respond to the evolving situation, senior officials said on Sunday. Israel has rebuffed repeated international calls for a ceasefire in the four weeks since fighters from Hamas, which runs the Gaza Strip, burst over the border, killing 1,400 people and taking more than 240 others hostage. The French aid was delivered over the weekend by two Airbus A400M planes, which are partially armoured, the French army said on X, formerly known as Twitter. "This humanitarian cargo, which is destined for the civilian populations of the Gaza Strip, contains medicine, food aid, generators," the captain for one of the planes, Lieutenant Colonel Nicolas, said on Saturday morning before taking off. A French helicopter carrier, the Tonnerre, which has medical support facilities, and two naval vessels were in the Mediterranean, the French Army said on X.
Persons: Catherine Colonna, Sebastien Lecornu, Nicolas, Lecornu, Layli Foroudi, Jean Terzian, Andrew Heavens Organizations: PARIS, Airbus, Twitter . Defence, French Army Locations: Gaza, Egypt, France, Doha, Israel, French
FRANKFURT (Reuters) - Hamburg airport remained closed on Sunday, authorities said, as police dealt with a hostage situation they say likely involves a custody dispute. The airport closed for all takeoffs and landings on Saturday evening after police arrived in large numbers on the scene to deal with a man who drove through a barrier onto the grounds of the airport with a child. The car with the 35-year-old man and 4-year-old child was parked under a plane, a police spokesperson said. Police would not confirm their earlier statements that the man was armed and had fired shots. (Reporting by Joern Poltz and Tom Sims in Frankfurt; Editing by Andrew Heavens, Matthew Lewis, Daniel Wallis and William Mallard)
Persons: Joern Poltz, Tom Sims, Andrew Heavens, Matthew Lewis, Daniel Wallis, William Mallard Organizations: Twitter, Police Locations: FRANKFURT, Hamburg, Frankfurt
FRANKFURT, Nov 5 (Reuters) - Police arrested a man and rescued a child at the centre of a hostage standoff at Hamburg airport on Sunday, ending a crisis that had forced authorities to close the busy air hub. Police said the 35-year-old man was with his four-year-old daughter and was thought to be involved in a custody dispute. "The hostage situation is over," the city's police force wrote on X, formerly known as Twitter, early on Sunday afternoon. [1/8]Police officers detain a man, after a man drove through a barrier onto the grounds of the city's airport with a child in his car in Hamburg, Germany, November 5, 2023. The episode raised concerns over security at the airport less than four months after climate activists got onto the runway and blocked planes.
Persons: Fabian Bimmer, Peter Tschentscher, Tom Sims, Joern Poltz, Tanya Wood, Daniel Wallis, William Mallard, David Evans, Andrew Heavens Organizations: Police, Twitter, REUTERS, Thomson Locations: FRANKFURT, Hamburg, Germany
"The people of New York (are) amazing," said Tola, who hoisted his arms aloft as he claimed his first World Marathon Major title after taking third in London earlier this year. Obiri produced an extraordinary final kick in the women's race to outlast Ethiopian Letesenbet Gidey, who crossed the finish line about six seconds behind, as last year's winner, Kenyan Sharon Lokedi, finished third in 2:27:33. Swiss Marcel Hug broke the tape in 1:25:29 in the men’s wheelchair race, picking up a record-extending sixth title in New York, while his compatriot, Catherine Debrunner, won the women's race in 1:39:32. The race capped a blockbuster year for the World Marathon Majors in which both the men’s and women’s world records were obliterated. Kenyan Kelvin Kiptum beat compatriot Eliud Kipchoge's world record mark in Chicago last month, while Ethiopian Tigst Assefa shattered the women's record in Berlin in September.
Persons: Mike Segar, Tola, Obiri, Kenyan Albert Korir, Kitata, Gidey, Sharon Lokedi, Swiss Marcel Hug, Catherine Debrunner, Kenyan Kelvin Kiptum, Eliud, Assefa, Amy Tennery, Andrew Heavens, Christian Radnedge, Toby Davis Organizations: New York, REUTERS, New York City Marathon, Kenyan, triumphing, Ethiopian, Thomson Locations: New York, United States, London, Boston, Swiss, Chicago, Berlin
Obiri outlasts women's field to win NYC Marathon
  + stars: | 2023-11-05 | by ( ) www.reuters.com   time to read: 1 min
NEW YORK, Nov 5 (Reuters) - Kenyan Hellen Obiri produced an extraordinary final kick to break the tape in two hours 27 minutes and 23 seconds at the New York City Marathon on Sunday, picking up her second major title this year. Ethiopian Letesenbet Gidey crossed the finish line about six seconds later while last year's winner, Kenyan Sharon Lokedi, finished third in 2:27:33. Reporting by Amy Tennery in New York; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.
Persons: Obiri, Gidey, Sharon Lokedi, Amy Tennery, Andrew Heavens Organizations: New York City Marathon, Thomson Locations: New York
Zelenskiy pushes US for more aid, invites Trump to Ukraine
  + stars: | 2023-11-05 | by ( ) www.reuters.com   time to read: +2 min
WASHINGTON, Nov 5 (Reuters) - Ukraine's President Volodymyr Zelenskiy called on the U.S. to provide more funding to help his forces counter Russia, and invited former U.S. President Donald Trump to fly in to see the scale of the conflict for himself. Zelenskiy said American soldiers could eventually be pulled into a greater European conflict with Russia if Washington did not step up support. It passed a bill last week to provide $14.3 billion in aid to Israel, but did not include any increase in aid for Ukraine. In the interview airing on Sunday, Zelenskiy invited former U.S. President Donald Trump, a Republican, to visit Ukraine and see the fallout of the conflict initiated by Russia's President Vladimir Putin in February 2022. "If he can come here, I will need ... 24 minutes to explain to President Trump that he can't manage this war," Zelenskiy said.
Persons: Volodymyr Zelenskiy, Donald Trump, Zelenskiy, NBC's, Joe Biden, Chuck Schumer, Biden, Vladimir Putin, Trump, Putin, Ted Hesson, Andrew Heavens Organizations: Press, Democrat, U.S, Congress, Republican, House, Democratic, Kyiv, Thomson Locations: Russia, Washington, NATO, ., Israel, Ukraine
Israeli Prime Minister Benjamin Netanyahu attends a meeting with U.S. President Joe Biden (not pictured) and the Israeli war cabinet, during Biden's visit to Israel, amid the ongoing conflict between Israel and Hamas, in Tel Aviv, Israel, October 18, 2023. But after public backlash, Netanyahu posted on X that Hamas started a war "because it wants to kill us all and not because of any argument within us." Earlier, Benny Gantz, who joined Netanyahu's war cabinet from the opposition as part of an emergency government, said Netanyahu must retract his comment. in a public display of anger at the failures that led to last month's deadly attack by Hamas gunmen on Israeli communities around the Gaza Strip. The protest, which coincided with a poll showing more than three quarters of Israelis believe Netanyahu should resign, underlined the growing public fury at their political and security leaders.
Persons: Benjamin Netanyahu, Joe Biden, Evelyn Hockstein, Netanyahu, Benny Gantz, Gantz, Ari Rabinovitch, Andrew Heavens Organizations: U.S, Hamas, REUTERS, Rights, Israel's, Thomson Locations: Israel, Tel Aviv, Gaza
The deal to create a "loss and damage" fund was hailed as a breakthrough for developing country negotiators at United Nations climate talks in Egypt last year, overcoming years of resistance from wealthy nations. The committee, representing a geographically diverse group of countries, resolved to recommend the World Bank serve as trustee and host of the fund - a tension point that has fuelled divisions between developed and developing nations. Housing a fund at the World Bank, whose presidents are appointed by the U.S., would give donor countries outsized influence over the fund and result in high fees for recipient countries, developing countries have argued. To get all countries on board, it was agreed the World Bank would serve as interim trustee and host of the fund for a four-year period. "Rich countries ... have not only coerced developing nations into accepting the World Bank as the host of the Loss and Damage Fund but have also evaded their duty to lead in providing financial assistance to those communities and countries."
Persons: Tarusila, Loren Elliott, Jennifer Morgan, we're, Harjeet Singh, Sultan al, Jaber, Gloria Dickie, Valerie Volcovici, Andrew Heavens Organizations: Local, REUTERS, United Nations, Bank, Housing, World Bank, Action, U.S . State Department, Reuters, The U.S, Washington DC, Thomson Locations: Village, Fiji, United States, Egypt, Abu Dhabi, Dubai, U.S, Berlin, COP28, London, Washington
LVIV, Nov 5 (Reuters) - Ukraine rained 15 cruise missiles on Russia's shipyard in the Crimean port city of Kerch on Saturday, damaging one ship, Russian defence ministry said, in an attack that could further undermine Moscow's striking capabilities. Moscow has often attacked Ukraine in the course of the 20-month-long war with Kalibr missiles. Sergei Aksyonov, the Russian-installed head of Crimea, said there were no casualties in the Saturday attack on the shipyard in Kerch in Crimea. According to some Ukrainian war monitoring Telegram channels, a small Russian cruise missile carrier the Askold, was damaged in the attack. In September, the Russian defence ministry said that the Askold ship of the Black Sea Fleet was engaged in destroying Ukrainian targets in the waters off Crimea.
Persons: Mykola Oleshchuk, Volodymyr Zelenskiy, Sergei Aksyonov, Maria Starkova, Elaine Monaghan, Lidia Kelly, Philippa Fletcher, Ros Russell, Andrew Heavens, Daniel Wallis Organizations: Air Force, Russian Navy, Kalibr, Ukraine's Air Force, Sea Fleet, Reuters, Black, Thomson Locations: LVIV, Ukraine, Crimean, Kerch, Moscow, Russian, Ukrainian, Crimea
KYIV (Reuters) - Ukraine's President Volodymyr Zelenskiy denied on Saturday that the war with Russia had reached a "stalemate", and said more work with allies was needed to strengthen air defences. But this is not a stalemate," Zelenskiy said during a news conference with visiting European Commission President Ursula von der Leyen. Zelenskiy acknowledged there had been difficulties in the war, now in its 21st month, and that Kyiv had yet to achieve any major successes in its counteroffensive. But he said Ukrainian troops had no other alternative but to keep fighting and required more support from Western allies, especially with air defences. Russian troops were mounting numerous attacks near Avdiivka, Lyman and Mariinka in the eastern Donetsk region, the Ukrainian military said in its daily update.
Persons: Volodymyr Zelenskiy, General Valery Zaluzhnyi, Zelenskiy, Ursula von der Leyen, Lyman, Mariinka, Olena Harmash, Andrew Heavens Organizations: Ukraine's, European Locations: Russia, Moscow, Avdiivka, Donetsk, Azov
The relationship between stocks and bonds has been a tight one in recent months, with equities falling as Treasury yields climbed to 16-year highs. Higher yields offer investment competition to stocks while also raising the cost of capital for companies and households. Meanwhile, the S&P 500 has surged nearly 6% from its October lows. Draho expects the S&P 500 to trade between 4,200 and 4,600 until investors determine whether the economy will be able to avoid a recession. The S&P 500 was recently up more than 1% on the day.
Persons: Brendan McDermid, Jason Draho, Draho, Ryan Detrick, Greg Wilensky, Janus Henderson, David Randall, Ira Iosebashvili, Louise Heavens Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Treasury, UBS Global Wealth Management, National Association of Active Investment, CFRA Research, Carson Investment Research, Fed, Apple Inc, Janus, Janus Henderson Investors, Thomson Locations: New York City, U.S, Treasuries
The Bank of Nova Scotia (Scotiabank) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie Acquire Licensing RightsTORONTO, Nov 3 (Reuters) - The chief operating officer of Bank of Nova Scotia's (BNS.TO) Canadian banking unit, Kevin Teslyk, has left the company, according to an internal memo seen by Reuters, the latest in a series of management changes under CEO Scott Thomson. James Neate, president of corporate and investment banking and Shawn Rose, chief technology officer have also left Scotiabank, the memo said. Canadian banks, including Royal Bank of Canada (RY.TO), Bank of Montreal (BMO.TO), have announced job cuts due to higher costs forcing. Neate, who has held senior executive roles in retail banking, commercial banking and wealth management, among others, will leave the bank at the end of December, according to the memo.
Persons: Chris Wattie, Kevin Teslyk, Scott Thomson, James Neate, Shawn Rose, Aris Bogdaneris, Dan Rees, Thomson, Mike Rizvanovic, Rose, Nivedita Balu, Kirsten Donovan, Louise Heavens Organizations: of Nova, REUTERS, Rights TORONTO, Bank of Nova, Reuters, Scotiabank, ING Group, Aris, Scotia, Royal Bank of Canada, Bank of Montreal, Thomson Locations: of Nova Scotia, Ottawa , Ontario, Canada, California, Toronto
Total: 25