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☆ MLB roundup: Red Sox hand Yanks 8th straight loss
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +9 min

The Red Sox challenged the play for obstruction and Kiner-Falefa's run was overturned. Belt hit two-run and solo shots, Kevin Kiermaier and George Springer had two-run homers and Bo Bichette added a solo blast in the rubber match of a three-game series. The loss broke the Braves' five-game winning streak and handed them their first home loss in eight games this month. Maikel Garcia's run-scoring single and Drew Waters' RBI groundout got them within a run with the tying run on second. Yoan Moncada hit a two-run double that tied the game and Oscar Colas made it 7-5 with a two-run double during the seventh-inning uprising.

Persons: Justin Turner, Wendell Cruz, Turner, Clay Holmes, Pablo Reyes, Michael King, Anthony Volpe, Isiah Kiner, Falefa, Connor Wong, Trevor Williams, Jordan Weems, Hunter Harvey, Mason Thompson, Kyle Finnegan, Finnegan, Jake Cave, Keibert Ruiz, Dominic Smith, Eugenio Suarez, Dominic Canzone, Dylan Moore, Hunter Brown, Emerson Hancock, Houston, Max Scherzer, Tyrone Taylor, Christian Yelich, Scherzer, Taylor, Adrian Houser, Phil Niekro, Dallas Keuchel, Bryan Reynolds, Edouard Julien, Jhoan Duran, Cy Young, Hunter Greene, Brandon Belt, Kevin Kiermaier, George Springer, Bo Bichette, Greene, Joc Pederson, Kirby Yates, Michael Conforto, Thairo Estrada, Wilmer Flores, Patrick Bailey, J.D, Davis, Yates, Pederson, Kyle Hendricks, Seiya Suzuki, Miguel Amaya, Hendricks, Bobby Witt Jr, Michael Massey's, Maikel Garcia's, Drew Waters, Adbert Alzolay, Dairon Blanco, Ryan Mountcastle, Gunnar Henderson, Kyle Bradish, Jorge Mateo, Brent Rooker, Nick Vespi, Spencer Torkelson, Kerry Carpenter, Eduardo Rodriguez, Logan Allen, Matt Vierling, Torkelson, Rodriguez, Allen, Paul Goldschmidt, Louis, Richie Palacios, Pete Alonso, Dakota Hudson, Andrew Vaughn, Lenyn Sosa, Andrew Benintendi, Zach Remillard, Aaron Bummer, Yoan Moncada, Oscar Colas, Charlie Blackmon, Michael Toglia, Harold Castro Organizations: Boston Red Sox, New York Yankees, Yankee, Boston, Yankees, Red Sox, Phillies, Philadelphia, MLB Little, Washington, Mariners, Astros, Seattle, Houston, American League, Brewers, Rangers, Milwaukee, Pirates, Dallas, Minnesota, Pittsburgh, Chicago White Sox, Blue Jays, Reds, Toronto, Cincinnati, Giants, Braves, Cubs, Royals, Chicago, Kansas, Kansas City . Kansas City, Orioles, Athletics, Baltimore, Oakland, Tigers, Detroit, Cleveland, Cardinals, Mets, New, White Sox, Rockies, Colorado, Thomson Locations: Bronx , New York, USA, Williamsport, Pa, Houston, Texas, Arlington , Texas, Minneapolis, Keuchel, Brandon, San Francisco, Atlanta, Kansas City ., Dairon, Oakland, Seattle, San Diego, New York, Denver

Benchmark 10-year yields reached 4.312%, testing October's 4.338%, a break past which would be its highest since 2007. "What's interesting is usually when you have volatility around rates that's the market trying to price in a higher fed funds rate. "The impact of higher yields is standard: a dollar that is well supported and equities under pressure," he added. MSCI's world index (.MIWD00000PUS) was down 0.1% on Thursday, having dropped to its lowest level since July 6 early in the session. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) slid to its lowest since late November in early trading Thursday.

Persons: Brendan McDermid, Samy Chaar, der Linde, Van der Linde, Shunichi Suzuki, Brent, Ankur Banerjee, Alun John, Anisha, Sonali Paul, Angus MacSwan Organizations: New York Stock Exchange, REUTERS, Lombard, Atlanta Federal, Nasdaq, Zhongzhi Enterprise Group, HSBC, Reuters Global Markets, Finance, Thomson Locations: New York City, U.S, SINGAPORE, CHINA, China's, Asia, Pacific, Japan, Hong Kong, China, Singapore, London, Bengaluru

☆ Asian stocks hit 9-month lows on worries over China economy, US rates
▼ + stars: | 2023-08-17 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

Losses were broad-based across Asia Pacific on Thursday, with Japan's Nikkei (.N225) and Australia's S&P/ASX 200 index (.AXJO) down 1%. "Some participants" cited the risks to the economy of pushing rates too far even as "most" policymakers continued to prioritise the battle against inflation. The U.S. central bank hiked rates by 25 basis points at the July meeting after standing pat in June. The rising yields lifted the dollar, with the dollar index , which measures the U.S. currency against six rivals, touching a two-month peak of 103.58 as investors sought safety. Worries over China and the trajectory of the U.S. interest rates also rattled the commodities market, with oil prices dropping for the fourth straight session.

Persons: Issei Kato, HSI, Taylor Nugent, Jerome Powell, Shunichi Suzuki, Brent, Ankur Banerjee, Muralikumar Organizations: REUTERS, Rights, Federal Reserve, Asia Pacific, Japan's Nikkei, NAB, ING, Finance, Thomson Locations: Tokyo, Japan, Asia, Pacific, China, U.S

☆ Luis Robert Jr.'s tiebreaking homer propels White Sox past Cubs
▼ + stars: | 2023-08-16 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/41] Aug 15, 2023; Chicago, Illinois, USA; Chicago Cubs starting pitcher Kyle Hendricks (28) delivers a pitch against the Chicago White Sox during the first inning at Wrigley Field. Mandatory Credit: Kamil Krzaczynski-USA TODAY Sports Acquire Licensing RightsAugust 16 - Luis Robert Jr. hit a tiebreaking homer in the seventh inning and the visiting Chicago White Sox beat the crosstown rival Chicago Cubs 5-3 on Tuesday night. The White Sox snapped their three-game skid and earned their sixth straight win at Wrigley Field. The White Sox loaded the bases against Hendricks in the first. White Sox star Tim Anderson was scratched from the lineup due to a stiff neck.

Persons: Kyle Hendricks, Kamil Krzaczynski, Luis Robert Jr, Julian Merryweather, Touki Toussaint, Ian Happ, Seiya Suzuki, Tanner Banks, Lane Ramsey, Aaron Bummer, Gregory Santos, Ramsey, Robert, Elvis Andrus, Andrew Benintendi, Hendricks, Benintendi, Eloy Jimenez, Yoan, Mike Tauchman, Happ, Andrus, Suzuki, Tim Anderson Organizations: Chicago Cubs, Chicago White Sox, Wrigley, White Sox, Cubs, Thomson Locations: Chicago , Illinois, USA

☆ Yen treads on intervention zone; kiwi, Aussie dollars hit by China woes
▼ + stars: | 2023-08-16 | by ( ) www.cnbc.com time to read: +3 min

The China gloom saw the Australian and New Zealand dollars, often used as liquid proxies for the yuan, tumbling to their lowest levels since November in early Asia trade. The Aussie bottomed at $0.6440, while the kiwi slid to a low of $0.5939, ahead of a rate decision by the Reserve Bank of New Zealand later on Wednesday. "But where we are at the moment, I think the jawboning will continue but I'm not convinced that we'll see intervention." The greenback predictably rode Treasury yields higher, with the dollar index eking out a slight gain to 103.22. The euro was little changed at $1.0902, while sterling dipped 0.05% to $1.2696, ahead of U.K. inflation data due later on Wednesday.

Persons: Aninda Mitra, Shunichi Suzuki, Ray Attrill, I'm Organizations: New, Reserve Bank of New, People's Bank of, BNY Mellon Investment Management, Finance, National Australia Bank, Federal Reserve, Treasury Locations: Asia, Beijing, China, New Zealand, Reserve Bank of New Zealand, People's Bank of China, Japan

☆ Yen treads on intervention zone; kiwi, Aussie dlrs hit by China woes
▼ + stars: | 2023-08-16 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

Banknotes of Japanese yen are seen in this illustration picture taken September 22, 2022. The Aussie bottomed at $0.6440, while the kiwi slid to a low of $0.5939, ahead of a rate decision by the Reserve Bank of New Zealand later on Wednesday. "But where we are at the moment, I think the jawboning will continue but I'm not convinced that we'll see intervention." The greenback predictably rode Treasury yields higher, with the dollar index ekeing out a slight gain to 103.22. The euro was little changed at $1.0902, while sterling dipped 0.05% to $1.2696, ahead of UK inflation data due later on Wednesday.

Persons: Florence Lo, Aninda Mitra, Shunichi Suzuki, Ray Attrill, I'm, Rae Wee, Shri Navaratnam Organizations: REUTERS, Rights, New, Reserve Bank of New, People's Bank of, BNY Mellon Investment Management, Finance, National Australia Bank, Federal Reserve, Treasury, Thomson Locations: Asia, Beijing, China, New Zealand, Reserve Bank of New Zealand, People's Bank of China, Japan

☆ MLB roundup: Bryce Elder, Braves blank Yanks
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +9 min

[1/4] Aug 15, 2023; Cumberland, Georgia, USA; Atlanta Braves starting pitcher Bryce Elder (55) pitches against the New York Yankees during the first inning at Truist Park. The losing pitcher was Luis Severino (2-8), who worked four innings and allowed all five runs (three earned) on five hits. Philadelphia starter Zack Wheeler allowed one run on three hits in seven innings. Spenser Watkins (0-1) lost in his A's debut, allowing five runs on seven hits in 4 1/3 innings. Orioles starter Jack Flaherty (8-8), formerly Wacha's teammate with the Cardinals, gave up seven runs in three innings.

Persons: Bryce Elder, Dale Zanine, Marcell Ozuna, Ronald Acuna Jr, DJ LeMahieu, Luis Severino, Christian Walker, Tommy Pham, Geraldo Perdomo, Lourdes Gurriel Jr, Nick Ahmed, Kevin Ginkel, Paul Sewald, Brenton Doyle, Nolan Jones, Elehuris Montero, Ty France, Teoscar Hernandez, Eugenio Suarez, Josh Rojas, Bobby Witt Jr, Martinez, Enrique Hernandez, Bobby Miller, Carlos Santana, Adrian Houser, Jack Suwinski, Conner Joe, Ke'Bryan Hayes, Brandon Nimmo, Jakob Junis, Sean Manaea, Thairo Estrada, Wilmer Flores, San Francisco, Tyler Rogers, Luke Jackson, Zack Littell, Cavan Biggio, Seranthony Dominguez, Yusei Kikuchi, Zack Wheeler, Kyle Tucker, Jose Altuve, Tucker, A.J, Chas McCormick, Yainer Diaz, Alex Verdugo, Triston Casas, John Schreiber, Kenley Jansen, Keibert Ruiz, Stone Garrett, Josiah Gray, Nolan Arenado, Louis, Jordan Walker, Tommy Edman, Dakota Hudson, Lawrence Butler, Spenser Watkins, Logan Allen, Jose Ramirez, Tim Anderson, Allen, Matt Wallner, Dylan Floro, Jhoan Duran, Miguel Cabrera, Spencer Torkelson, Matt Vierling, Corey Seager, Seager, Nathaniel Lowe, Ezequiel Duran, Jordan Montgomery, Luis Robert Jr, Tanner Banks, Lane Ramsey, Aaron Bummer, Gregory Santos, Ramsey, Elvis Andrus, Ian Happ, Seiya Suzuki, Julian Merryweather, Gary Sanchez, Diego's, Michael Wacha, Jack Flaherty, Austin Hays Organizations: Atlanta Braves, New York Yankees, Diamondbacks, Rockies, Arizona, Colorado, The Diamondbacks, Mariners, Royals, Seattle, Kansas City, Dodgers, Brewers, Milwaukee, National League West, NL Central, Pirates, Mets, Pittsburgh, New York, The Pirates, Giants, Rays, San, Tampa Bay, Blue Jays, Phillies, Cavan, Toronto, Philadelphia, Astros, Marlins, Miami, Houston, Red Sox, Nationals, Boston, Washington . Five Red Sox, Washington, Cardinals, Athletics, Oakland, Reds, Cleveland, Cincinnati, Chicago White Sox, Tigers, Twins, Rangers, Angels, Louis Cardinals, White Sox, Cubs, Chicago Cubs, Padres, Orioles, Baltimore, Thomson Locations: Cumberland , Georgia, USA, Truist, Atlanta, York, Denver, Colorado, France, Angeles, New, Manaea, Houston, Minnesota, Detroit, Minneapolis, Texas, Los Angeles, Arlington , Texas, Baltimore

[1/2] Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. That represented the highest annual growth rate since comparable records began in 2001. "BoE Sep rate hike bets have jumped ... providing support for the GBP," said Scotiabank chief FX strategist Shaun Osborne. The yuan briefly bounced back as major state-owned banks were seen selling dollars to support the local currency. Punctuating those worries, Chinese data on industrial output, retail sales and investment released shortly after the PBOC's rate cut showed unexpected slowdowns.

Persons: Yuan, Dado Ruvic, Sterling, BoE, Shaun Osborne, Scotiabank's Osborne, Osborne, Shinichiro Kadota, Shunichi Suzuki, Joice Alves, Samuel Indyk, Brigid Riley, Kevin Buckland, Susan Fenton Organizations: REUTERS, Bank of, Kremlin, Bank of England, Scotiabank, People's Bank of China, U.S, Traders, Barclays, Finance, Thomson Locations: Russian

☆ Analysis: Japan's policymakers hold fire as yen enters intervention range
▼ + stars: | 2023-08-15 | by ( Kevin Buckland | ) www.reuters.com time to read: +4 min

But a key factor behind the yen's weakness is unchanged, namely the yawning yield gap with the United States. Yet currency traders remain nervous about provoking intervention, as the yen entered the same zone that triggered heavy dollar selling by Japanese authorities in September and October of last year. For now, traders are testing the waters by selling the yen against sterling and the Swiss franc, mindful that selling against the dollar could gather momentum quickly. From a purely macroeconomic perspective, Kichikawa said, officials have no imperative to prevent yen weakness before 150, which is consistent with the mild inflationary pressure that the BOJ aims to foster. The bond market, which precipitated the yen's slide, may ultimately give Japan's authorities reason to hold off on pressing the intervention button.

Persons: Shunichi Suzuki, Suzuki, Aaron Hurd, Masayuki Kichikawa, Brent, Kichikawa, Shinichiro Kadota, Kevin Buckland, Saqib Iqbal Ahmed, Simon Cameron, Moore Organizations: Bank of Japan, Finance, State Street Global Advisors, Swiss, Brent, Sumitomo Mitsui DS Asset Management, Treasury, Barclays, Thomson Locations: TOKYO, United States, Tokyo, Boston, Japan

☆ Japan's Suzuki: Not targeting absolute levels on FX intervention
▼ + stars: | 2023-08-15 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +3 min

"It's important for the currency market to move stably reflecting fundamentals. "We're watching market moves with a strong sense of urgency. We'll respond appropriately to excessive moves." Japan will assess whether moves are speculative, volatile or based on fundamentals, rather than focusing on absolute levels, Suzuki added. Japan's top forex diplomat Masato Kanda said later on Tuesday that he would take appropriate steps against excessive currency moves, according to the Jiji news agency.

Persons: Shunichi Suzuki, Shuji, Suzuki, Japan's, Masato Kanda, Jiji, Tetsushi Kajimoto, Kantaro Komiya, Jacqueline Wong, Muralikumar Anantharaman, Sharon Singleton Organizations: Toki, Japanese Finance, U.S, Bank of, Thomson Locations: Niigata, Japan, TOKYO, U.S . Federal, Bank of Japan

☆ Electric vehicle premiums will ride high in India
▼ + stars: | 2023-08-14 | by ( Pranav Kiran | ) www.reuters.com time to read: +4 min

Mahindra Funster electric concept SUV is on display after it was unveiled at the India Auto Expo 2020 in Greater Noida, India, February 5, 2020. Singapore's Temasek handed Anand Mahindra’s EV business a punchy valuation of up to $9.8 billion this month. The $23 billion Mumbai-listed Mahindra & Mahindra (MAHM.NS) generates most of its top line from its sprawling autos business churning out everything from commercial vehicles to three wheelers. It follows the sale of up to 4.8% to British International Investments, the UK's development finance institution, at a $9.1 billion valuation in July last year. True, Temasek's valuation of the EV business depends on the latter hitting undisclosed milestones.

Persons: Kumar Rakesh, It’s, Maruti Suzuki, Una Galani, Katrina Hamlin Organizations: Mahindra, India, REUTERS, Reuters, Singapore's Temasek, Anand, Temasek, British International Investments, BNP, Tata Motors, TPG, HK, China’s MG Motors, Maruti, India’s, India’s Mahindra, British International Investment, Thomson Locations: Greater Noida, India, BENGALURU, Mumbai, China, EVs, Temasek

☆ Watch CNBC’s full interview with Richard Bernstein’s Dan Suzuki and Moody’s Mark Zandi
▼ + stars: | 2023-08-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Richard Bernstein’s Dan Suzuki and Moody’s Mark ZandiRichard Bernstein's Dan Suzuki and Moody's Mark Zandi join 'Power Lunch' to give their read on the economy and CPI report.

Persons: Richard Bernstein’s Dan Suzuki, Mark Zandi Richard Bernstein's Dan Suzuki, Mark Zandi

☆ Japan ex-PM Aso's 'fight for Taiwan' remark in line with official view, lawmaker says
▼ + stars: | 2023-08-10 | by ( Kantaro Komiya | Thomson Reuters | Kantaro Writes About Everything Japan'S Economic Indicators To North Korea'S Missiles To Global Regulation On Ai Companies. His Previous Stories Have Been Published In The Associated Press | ) www.reuters.com time to read: +2 min

Japan's Former Prime Minister and current Vice-President of the ruling Liberal Democratic Party, Taro Aso, speaks during the Ketagalan Forum in Taipei, Taiwan August 8, 2023. Aso's speech angered China, which claims Taiwan as its territory. Keisuke Suzuki, an LDP lawmaker who accompanied Aso's Taiwan visit this week, told the BS Fuji talk show on Wednesday that Aso had discussed the issue with Japanese government officials, indicating that Aso's view did not deviate from the official position. "The comment was not lawmaker Taro Aso's personal remark, but a result of arrangements with government insiders", Suzuki said. Aso's visit, which marked the most senior Japanese political official to visit Taiwan since 1972, when Japan normalised diplomatic relations with China, came as tensions have risen over democratically governed Taiwan amid China's increasing military pressure on the island during the past three years.

Persons: Taro Aso, Carlos Garcia Rawlins, Taro Aso's, Aso, Keisuke Suzuki, Aso's, Suzuki, Joe Biden, White, Hirokazu Matsuno, Kantaro Komiya, Gerry Doyle Organizations: Liberal Democratic Party, REUTERS, Japanese, Beijing, Fuji, United, Taiwan, Thomson Locations: Taipei, Taiwan, TOKYO, Japan, United States, China, Aso's Taiwan, U.S

☆ MLB roundup: Michael Lorenzen tosses no-hitter in home debut for Phillies
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +12 min

St. Louis received contributions throughout its lineup, with Nootbaar collecting two hits, an RBI and two runs scored. Mariners 6, Padres 1Cal Raleigh hit a tiebreaking two-run homer in the eighth inning as Seattle defeated visiting San Diego. Matt Vierling had three hits, scored two runs and drove in another. Joey Gallo hit a two-run homer and Correa added a solo shot for Minnesota, which will try to salvage the split on Thursday. At the plate, Ohtani went 0-for-2 with two walks (one intentional) and a run scored.

Persons: Rob Thomson, Michael Lorenzen, Bill Streicher, Lorenzen, Dominic Smith flied, Johan Rojas, Cole Hamels, David Peralta, Freddie Freeman, Jason Heyward, Bobby Miller, Kyle Nelson, Peralta, Freeman, Will Smith, Austin, Michael Harris, Carmen Mlodzinski, Ronald Acuna Jr, Ozzie Albies, Max Fried, Pierce Johnson, Raisel Iglesias, Bryan De La Cruz's, Josh Bell's, Jon Berti, Luis Arraez, Bell, Sam Moll, De La Cruz, Alexis Diaz, Tanner Scott, A.J Puk, David Robertson, Christian Encarnacion, Strand, Freddy Tarnok, Zack Gelof, Oakland's, Jonah, Jordan Montgomery, Esteury Ruiz, Jordan Diaz, Mark Canha, Justin Lawrence, William Contreras, Frelick groundout, Ezequiel Tovar's, Monasterio's grounder, Cole Tucker, Tovar, Canha bobbled, Profar, Bryse Wilson, Ryan McMahon, Kyle Tucker, Jose Altuve, Altuve, Alex Bregman, Cristian Javier, Austin Hays, Jeff McNeil, Pete Alonso, Justin Verlander, Alonso, Seiya Suzuki, Christopher Morel, Suzuki, Paul Goldsmith, Lars Nootbaar, Louis, Jordan Walker, Giovanny Gallegos, Jose Siri, Jalen Beeks, Kevin Kelly, Nootbaar, Kevin Gausman, George Springer, Springer, Vladimir Guerrero Jr, Kole Calhoun, Casas, Alex Verdugo, Nick Pivetta, MJ Melendez, Seattle's, Emerson Hancock, Yu Darvish, Oscar Colas, Elvis Andrus, Mike Clevinger, Luis Severino, Gleyber Torres, DJ LeMahieu, Spencer Torkelson, Matt Vierling, Miguel Cabrera, Zach McKinstry, Eric Haase, Alex Faedo, Tyler Holton, Joey Gallo, Correa, Bailey Ober, Ohtani, Mike Moustakas, Michael Conforto, Brandon Crawford's Organizations: Philadelphia Phillies, Washington Nationals, Citizens Bank, Wednesday, Detroit Tigers, Phillies, Chicago Cubs, NBC Sports Philadelphia, Dodgers, Diamondbacks, Braves, Pirates, Atlanta, Pittsburgh, Marlins, Reds, Miami, Cincinnati, Athletics, Rangers, Oakland, Brewers, Rockies, Milwaukee, The Brewers, Astros, Orioles, Houston, Baltimore, Mets, Cubs, New, Chicago, Houston Astros, Cardinals, Rays, Hudson, Tampa, Blue Jays, Toronto, Cleveland, Guardians, Red Sox, Royals, Boston, Kansas City, Mariners, Padres, Cal Raleigh, Seattle, San, Sox, Yankees, Twins, Detroit, Tigers, Minnesota, Giants, cramp, Thomson Locations: Philadelphia , Pennsylvania, USA, Angeles, Arizona, Phoenix, Texas, Colorado, Baltimore, New York, Tampa, St . Petersburg, Fla, Tampa Bay, San Diego, Toronto, Chicago, Minnesota, Los Angeles, San Francisco, Anaheim , Calif, Ohtani

☆ Moody's Mark Zandi: Trend lines suggest inflation will moderate further
▼ + stars: | 2023-08-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMoody's Mark Zandi: Trend lines suggest inflation will moderate furtherRichard Bernstein's Dan Suzuki and Moody's Mark Zandi join 'Power Lunch' to give their read on the economy and CPI report.

Persons: Zandi, Richard Bernstein's Dan Suzuki, Mark Zandi

☆ 'Stark contrast' to China: Morgan Stanley upgrades India stocks and shares 4 top picks
▼ + stars: | 2023-08-04 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Morgan Stanley upgraded Indian stocks to "overweight" from "equal weight," citing a strong profit outlook and the country's attractiveness to investors in a "multipolar world." India's situation is in "stark contrast to that in China," the bank said in its Aug. 2 note. Morgan Stanley downgraded Chinese stocks to equal weight in the same note. Stock picks While Indian stock valuations "overshot somewhat" last October, it's "less extreme" now, Morgan Stanley said. Morgan Stanley added two Indian stocks to its focus list: Maruti Suzuki : Morgan Stanley said the automaker is set to benefit from a higher per-capita income in India; an expansion in market share; and an improving product mix.

Persons: Morgan Stanley, capex, Maruti Suzuki, Larsen, Toubro, — CNBC's Michael Bloom Organizations: Maruti, ICICI Bank, Hindustan Aeronautics Locations: China, India, Saudi Arabia

☆ Hindu-Muslim riots expose risk at major Indian business hub
▼ + stars: | 2023-08-03 | by ( Rupam Jain | ) www.reuters.com time to read: +4 min

Seven people were killed and over 70 injured in rioting in Nuh and Gurugram districts of Haryana state after a Hindu religious procession was targeted and a mosque attacked in retaliation. Gurugram, formerly known as Gurgaon, is a city of over 1.5 million people that shares a border with New Delhi. "Muslim men attacked the Hindu procession and killed many of our people," said Praveen Babbar, a leader of Hindu Yuva Vahini (Hindu Youth Force). Haryana Police, however, said they acted swiftly and prevented riots from spreading, and that two of its men were killed in the violence. Reporting by Rupam Jain, Additional reporting by Sakshi Dayal; Editing by YP Rajesh and Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Adnan Abidi, Anil Vij, Vij, Ernst &, Gurugram, Narendra Modi's, Praveen Babbar, Aftab Ahmed, Tara Kartha, Rupam Jain, Sakshi Dayal, YP Rajesh, Raju Gopalakrishnan Organizations: REUTERS, Bharatiya Janata Party, BJP, nab, Reuters, Fortune, American Express, Dell, Samsung, Ernst, Ernst & Young, Deloitte, Hindu, Force, Haryana Police, Analysts, of Peace, YP, Thomson Locations: Nuh district, Haryana, India, Delhi, Nuh, Gurugram, Gurgaon, New Delhi, Suzuki's, India's, Nuh's

☆ Morgan Stanley upgrades India to "overweight", terms it top pick among emerging markets
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

The Indian flag flies in front of the new logo of the Securities and Exchange Board of India (SEBI) at its headquarters in Mumbai, India, April 19, 2023. REUTERS/Francis Mascarenhas/File PhotoBENGALURU, Aug 3 (Reuters) - Morgan Stanley has upgraded its view on Indian markets to "overweight" from "equal weight", citing easing valuations as compared to October 2022, when the global brokerage identified the onset of a new bull market in Asian and emerging market equities. India is now the top ranked, most-preferred market among emerging markets (EMs), rising from the sixth spot, due to supportive foreign inflows, macro stability and positive earnings outlook, the brokerage said in a note late Wednesday. Sectorally, the brokerage remains overweight on financials, consumer discretionary and industrial segments in India, and has an "add" rating on Larsen & Toubro and Maruti Suzuki India in its Asia Pacific focus and Global Emerging Markets lists. "We think returning India to an "overweight" rating and downgrading China to "equal weight" is warranted," analysts said, referring to the Indian markets' outperformance over China as a sign of a structural breakout in favour of India.

Persons: Francis Mascarenhas, Morgan Stanley, Larsen, Bharath Rajeswaran, Sonia Cheema Organizations: Securities and Exchange Board of India, REUTERS, Toubro, Maruti Suzuki, Thomson Locations: Mumbai, India, BENGALURU, Asia, China, Bengaluru

☆ MLB roundup: Marlins rally repeatedly, beat Phils in 12
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +10 min

Webb (9-9) went seven innings and allowed only a pair of first-inning runs. Matt Wallner hit a three-run homer for the Twins, who lost for the sixth time in seven games. Yankees starter Gerrit Cole (10-2) settled down after a shaky beginning and allowed two runs on four hits in seven innings. Dylan Cease (4-5) was knocked out after 1 2/3 innings, having matched a season worst by allowing seven runs. Ragans (3-3), who was recalled from Triple-A Omaha prior to the game, gave up seven hits and one walk while striking out a career-high eight.

Persons: Josh Bell, Rich Storry, Jesus Sanchez, Sanchez's, Alec Bohm, Brandon Marsh slugged, Miami's Jorge Soler, Dansby Swanson, Jeimer Candelario, Christopher Morel, Ian Happ, Seiya Suzuki, Drew Smyly, Michael Fulmer, Buck Farmer, Ronald Acuna Jr, Austin Riley, Matt Olson, Acuna, Lucas Giolito, Riley, Olson, Davis, San Francisco, Logan Webb, Webb, Camilo Doval, Tyler Gilbert, Rosario, Miguel Rojas, Mookie Betts, Jason Heyward, Freddie Freeman, Los Angeles, Tony Gonsolin, Shea Langeliers, Devin Williams, Alex, Andruw Monasterio, Christian Yelich, Chas McCormick, McCormick, Yainer Diaz, Phil Maton, Oscar Gonzalez, Nick Sandlin, Alec Burleson, Lars Nootbaar, Louis, Tyler O'Neill, Jordan Walker, Dakota Hudson, Jack Flaherty, Matt Wallner, Joe Ryan, Ryan, Julio Rodriguez's, Cal Raleigh, Matt Brash, Andres Munoz, John Schreiber, Gary Sanchez, Juan Soto, Seong Kim, Fernando Tatis Jr, Xander Bogaerts, Joe Musgrove, Nick Martinez, Ray Kerr, Zack Short, Riley Greene, Jake Rogers, Javier Baez, Eduardo Rodriguez, Rodriguez, Yusei Kikuchi, Grayson Rodriguez, Giancarlo Stanton, Anthony Volpe, Shane McClanahan, Gerrit Cole, McClanahan, Corey Seager, Josh Jung, Marcus Semien, Dane Dunning, Dylan, Seby Zavala, Cole Ragans, Michael Massey, Aroldis Chapman Organizations: Miami Marlins, gatorade, Philadelphia Phillies, Marlins, Phillies, Cubs, Reds, Chicago, Braves, Angels, League, Atlanta, Giants, Diamondbacks, Arizona, The Giants, Dodgers, Oakland, Nationals, Brewers, Washington, Milwaukee, Astros, Houston, Cardinals, Twins, Minnesota, Mariners, Red Sox, Seattle, Boston, The Mariners, Cal, American League, Padres, Rockies, Diego, Colorado, Triple, El, Tigers, Pirates, Detroit, Pittsburgh, Los Angeles Dodgers, Blue Jays, Orioles, Toronto, Baltimore, Yankees, Rays, York, Tampa, Rangers, White Sox, Texas, Royals, Mets, Kansas City, Thomson Locations: Miami , Florida, USA, loanDepot, Cincinnati, Los Angeles, Angeles, Los, Cleveland, Boston, Denver, El Paso, Texas, Arlington , Texas, York, Omaha

☆ We have strengths in India that other companies do not, says Maruti Suzuki
▼ + stars: | 2023-08-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe have strengths in India that other companies do not, says Maruti SuzukiRC Bhargava, chairman of the automobile manufacturer, discusses the country's auto sector and how it fares against its competitors.

Persons: Suzuki, Bhargava Locations: India

☆ Better places to take risks in equities than tech stocks, says Richard Bernstein's Dan Suzuki
▼ + stars: | 2023-07-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBetter places to take risks in equities than tech stocks, says Richard Bernstein's Dan SuzukiDan Suzuki, deputy chief investment officer at Richard Bernstein advisors, joins 'Squawk on the Street' to discuss why the dominance in tech stocks is unsustainable, if there's fragility to this equity rally, and more.

Persons: Richard Bernstein's Dan Suzuki Dan Suzuki, Richard Bernstein

☆ Breaking With the News, One Breath at a Time
▼ + stars: | 2023-07-21 | by ( Patrick Laforge | More About Patrick Laforge | ) www.nytimes.com time to read: +2 min

And then there is the mental effort of focusing awareness on the breath while the mind serves up plans, memories and emotions, not all of them pleasant. “Leave your front door and your back door open,” the Zen master Shunryu Suzuki used to say. Back in the newsroom these days, I’m more able to take a beat amid the stress of breaking news. After the first day on the retreat in June, thoughts of work slipped out the back door. The week ahead would bring fresh headlines, many of misery — more wildfire smoke, contaminated strawberries and deadly tornadoes in the South.

Persons: Shunryu Suzuki, I’m, Dennis Overbye, “

☆ MLB roundup: D-backs best Braves in 29-run game
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +11 min

Emmanuel Rivera homered and Ketel Marte had three hits and three RBIs for Arizona, which snapped a four-game losing streak. The D-backs prevailed in the wild contest despite the efforts of Atlanta's Austin Riley, who homered twice and had a career-high seven RBIs. Arizona tied the game at 13-13 with two outs in the eighth when Dominic Canzone delivered an RBI single for his first career hit. Jonathan India homered and fell just a triple shy of the cycle for the Reds, who lost their fifth straight game. Rockies 4, Astros 3Kris Bryant and Ryan McMahon hit consecutive home runs in the first inning and Colorado beat Houston in Denver.

Persons: Christian Walker, Brett Davis, Geraldo Perdomo, Emmanuel Rivera, Ketel Marte, Miguel Castro, Kevin Ginkel, Atlanta's Austin Riley, Orlando Arcia, Sean Murphy, Dominic Canzone, Perdomo, Raisel Iglesias, Marte, Alex Kirilloff, Bailey Ober, Edouard Julien, Kyle Farmer, Carlos Correa, Eugenio Suarez, Bryan Woo, Wilmer Flores, Flores, Monday's, Barry Bonds, Joey Votto, Jake Fraley, Will Benson, Christian Encarnacion, Strand, Joc Pederson, Pederson, Brett, Michael Conforto, Ian Gibaut, Tyler Rogers, Camilo Doval, Jonathan India, Ryan Noda, JJ Bleday, Luis Medina, Sam Long, Shintaro Fujinami, Sam Moll, Trevor May, Joe Jacques, Noda, Aledmys Diaz, Bleday, Patrick Wisdom's tiebreaking, Seiya Suzuki, Suzuki, Miguel Amaya, Mike Tauchman, Nico Hoerner, Miles Mastrobuoni, Lane Thomas, Corey Dickerson's, Francisco Alvarez, Brett Baty, DJ Stewart, Jeff McNeil, Tommy Pham, Francisco Lindor, Pete Alonso, Yasmani Grandal, Jake Burger, Tim Anderson, Josh Naylor, Josh Bell, Logan Allen, Amed Rosario, Myles Straw, Allen, Connor Joe, Mitch Keller, Kyle Schwarber, Bryson Stott, Schwarber, Julio Teheran's, Aaron Nola, Andruw Monasterio, Brice Turang, Mickey Moniak, Patrick Sandoval, Shohei Ohtani, Domino, Gleyber Torres, Juan Soto, Joe Musgrove, Manny Machado, Gary Sanchez, Trent Grisham, Musgrove, Bo Bichette, Alek Manoah, Jason Heyward, Michael Grove, Will Smith, Freddie Freeman, Aaron Hicks, Tyler Wells, Baltimore's, Nolan Arenado, Brendan Donovan, Louis, Jordan Montgomery, JoJo Romero, Edward Cabrera, Jon Berti, Dairon Blanco, Maikel Garcia, Edward Olivares, Spencer Torkelson, Javier Baez, Marcus Semien, Corey Seager, Nathan Eovaldi, Taj Bradley, Travis Jankowski, Randy Arozarena, Brandon Lowe, Kris Bryant, Ryan McMahon, McMahon, Fernando Abad, Justin Lawrence, Alex Bregman Organizations: Arizona Diamondbacks, Atlanta Braves, USA, Arizona, Mariners, Minnesota, Seattle, Twins, Giants, Reds, Cincinnati, San Francisco, Athletics, Red Sox, Oakland, Boston, Cubs, Nationals, Chicago, Pittsburgh Pirates, Washington, Mets, White Sox, New, Pirates, Cleveland pummeled, Guardians, Phillies, Brewers, Philadelphia, Milwaukee, Yankees, Padres, Blue Jays, Diego, Toronto, Dodgers, Orioles, Los Angeles, Baltimore, Marlins, Cardinals, Royals, Tigers, Kansas City outslugged, Rangers, Rays, Texas, Tampa Bay, Astros, Colorado, Houston, Rockies, Thomson Locations: Atlanta , Georgia, USA, Truist, Arizona, Seattle, Francisco, San Francisco, Medina, Washington, New York, Cleveland pummeled Pittsburgh, Angeles, Anaheim , Calif, Sandoval, St, Miami, Kansas City outslugged Detroit, Arlington , Texas, Semien, Denver

☆ Japan finance minister: 'No discussion' of exchange rates at G7, Kyodo reports
▼ + stars: | 2023-07-16 | by ( Kevin Buckland | ) www.reuters.com time to read: +1 min

TOKYO, July 16 (Reuters) - There was "no discussion" about exchange rates at a meeting of Group of Seven (G7) finance ministers and central bank chiefs, Japanese Finance Minister Shunichi Suzuki said on Sunday, according to Kyodo News. Suzuki was speaking after a meeting in India of the G7 - the U.S., Japan, Germany, Britain, France, Italy and Canada. Speaking at a press conference, Suzuki also confirmed Japan's "unwavering support" for Ukraine, Kyodo reported. Ueda has cited uncertainty about the global economy as a reason for keeping ultra-easy monetary policy in place in Japan, even as inflation runs above the central bank's target. The BOJ's easy monetary policy has been a key driver of the yen's weakness, as it contrasts with tightening in the United States, Europe and most other developed economies.

Persons: Shunichi Suzuki, Suzuki, Kazuo Ueda, Ueda, Kevin Buckland, Jamie Freed, William Mallard Organizations: Japanese Finance, Kyodo News, Kyodo, Bank of Japan, Thomson Locations: TOKYO, India, U.S, Japan, Germany, Britain, France, Italy, Canada, Ukraine, United States, Europe

☆ Japan finance minister: "No discussion" of exchange rates at G7 -Kyodo
▼ + stars: | 2023-07-16 | by ( Kevin Buckland | ) www.reuters.com time to read: +1 min

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