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☆ World record holder Kosgei withdraws from London Marathon with injury
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +1 min

Brigid Kosgei of Kenya crosses the line to win the women's elite race at the Tokyo Marathon 2021 in Tokyo, Japan, March 6, 2022. REUTERS/Kim Kyung-Hoon/PoolSept 26 (Reuters) - World record holder and twice London Marathon champion Brigid Kosgei has been forced to withdraw from Sunday's race due to a minor hamstring injury, organisers said on Monday. Kosgei, who won the London Marathon in 2019 and 2020, was one of the favourites going into the event. She also won the Tokyo Marathon earlier this year after a silver medal at the Olympics last year. Kosgei set a world record time of 2:14:04 in Chicago in 2019.

☆ Sports streamer DAZN agrees to buy rival ELEVEN
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterInternet streaming service DAZN's logo is pictured in its office in Tokyo, Japan March 21, 2017. Team Whistle, a short-form original social media content provider, is also included in the deal, which will bring total revenue of around $300 million a year, DAZN said. DAZN Group CEO Shay Segev said the deal was "a big step forward in our mission to be the leading global sports platform". Backed by billionaire Len Blavatnik, DAZN has expanded into more than 200 countries, offering sports including soccer and boxing. Register now for FREE unlimited access to Reuters.com RegisterReporting by Paul Sandle; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

☆ Dollar stands alone as rate hikes rattle stocks
▼ + stars: | 2022-09-25 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

S&P 500 futures were flat after an initial wobble lower. The dollar made new highs on sterling, the euro and the Aussie in thin morning trade. Last week, stocks and bonds crumbled after the United States and half a dozen other countries raised rates and projected pain ahead. Register now for FREE unlimited access to Reuters.com RegisterThe Nasdaq (.IXIC) lost more than 5% for the second week running. Oil and gold steadied after drops against the rising dollar last week.

REUTERS/Kim Kyung-Hoon/File PhotoNEW YORK/LONDON, Sept 25 (Reuters) - Global investors are preparing for more market mayhem after a monumental week that whipsawed asset prices around the world, as central banks and governments ramped up their fight against inflation. "It's hard to know what will break where, and when," said Mike Kelly, head of multi-asset at PineBridge Investments (US). "Currency exchange rates ... are now violent in their moves," said David Kotok, chairman and chief investment officer at Cumberland Advisors. But the murky outlook meant that they were still not cheap enough for some investors. "We are of the view that markets are still massively underestimating the global economic growth hit that is coming," he said.

☆ Samsonova shines in Tokyo for third title in two months
▼ + stars: | 2022-09-25 | by ( ) www.reuters.com time to read: +2 min

Tennis - Pan Pacific Open - Women's Singles - Ariake Coliseum, Tokyo, Japan - September 25, 2022. Russia's Liudmila Samsonova reacts after winning against China's Zheng Qinwen during their final match. World number 30 Samsonova won consecutive titles in Washington and Cleveland in the run-up to the hardcourt Grand Slam in New York and she is projected to reach a career-high ranking just outside the top 20 on Monday. I need little bit of time," Samsonova said on court, having won all four Tour-level championship matches she has reached. With Sunday's win Samsonova capped a strong week at the WTA 500 event, having not dropped a set all week and with victories over Wimbledon champion Elena Rybakina and multiple major winner Garbine Muguruza during the tournament.

REUTERS/Kim Kyung-Hoon/File PhotoNEW YORK/LONDON, Sept 25 (Reuters) - Global investors are preparing for more market mayhem after a monumental week that whipsawed asset prices around the world, as central banks and governments ramped up their fight against inflation. "It's hard to know what will break where, and when," said Mike Kelly, head of multi-asset at PineBridge Investments (US). "Currency exchange rates ... are now violent in their moves," said David Kotok, chairman and chief investment officer at Cumberland Advisors. The fallout from the hectic week exacerbated trends for stocks and bonds that have been in place all year, pushing down prices for both asset classes. "We are of the view that markets are still massively underestimating the global economic growth hit that is coming," he said.

"With the United States raising interest rates, emerging economies have little choice but to hike rates to avoid their currencies from depreciating too much," he said. Asakawa said many Asian emerging economies have sufficient buffers, such as ample current account surpluses and foreign reserves, to weather another crisis. "Some emerging Asian countries could intervene to prevent their currencies from depreciating. Countries like Malaysia put in place capital controls during the Asian financial crisis," Asakawa said. Asian policymakers must also prepare for when volatile market moves destabilise regional economies, he added.

☆ Bonds lead losses as rate hikes hit; yen in focus
▼ + stars: | 2022-09-23 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

World stocks (.MIWD00000PUS) hit two-year lows on Thursday and are down 3% this week. "The 10-year was playing catch up to the newly calibrated cash rate," said Westpac's head of rates strategy, Damien McColough, in Sydney. I think that this volatility continues in all markets in the near term (until) the rates market settles." The euro was last at $0.9844, a fraction over Thursday's 20-year trough at $0.9807 -- although all eyes are on the yen. In commodity markets oil is eying a small weekly loss as rate hikes raise demand concerns.

☆ Sri Lanka inflation rate surges to 70.2% in August
▼ + stars: | 2022-09-21 | by ( Uditha Jayasinghe | ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterSri Lankan rupees are seen in a bowl at a vegetable vendor's shop amid the rampant food inflation, amid Sri Lanka's economic crisis, in Colombo, Sri Lanka, July 29 , 2022. REUTERS/Kim Kyung-HoonSept 21 (Reuters) - Consumer inflation in Sri Lanka accelerated to 70.2% in August,the statistics department said on Wednesday, as the island nation reels under its worst economic crisis in decades. Register now for FREE unlimited access to Reuters.com RegisterThe Central Bank of Sri Lanka (CBSL) said in August that the inflation rate would moderate after peaking at about 70% as the country's economy slowed. It acts as a leading indicator for national prices and shows how inflation is evolving in Sri Lanka's biggest city. An acute dollar shortage, caused by economic mismanagement and the impact of the COVID-19 pandemic, has left Sri Lanka struggling to pay for essential imports including food, fuel, fertiliser and medicine.

☆ Japan weighs plan for ban on hotel guests without masks -media
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterPeople wearing protective masks amid the coronavirus disease (COVID-19) outbreak, stand in front of cross walk in Tokyo, Japan, July 25, 2022. REUTERS/Kim Kyung-HoonTOKYO, Sept 21 (Reuters) - Japan's government is considering allowing hotels to refuse entry to guests who do not wear masks and follow other measures to control infection during an outbreak, Fuji News Network said on Wednesday. read moreRegister now for FREE unlimited access to Reuters.com RegisterThe ruling Liberal Democratic Party is scheduled to debate border easing measures on Thursday. Currently, the wearing of masks is not compulsory in Japan but is strongly recommended indoors and on public transport. Register now for FREE unlimited access to Reuters.com RegisterReporting by Rocky Swift; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

The work builds upon previous insect-control experiments at Nanyang Technological University in Singapore and could one day result in cyborg insects that can enter hazardous areas much more efficiently than robots. Even when the backpack and film are glued to their backs, the bugs can traverse small obstacles or right themselves when flipped over. Kakei said he constructed the cyborg backpack with 5,000 yen ($35) worth of parts purchased at Tokyo's famed Akihabara electronics district. The backpack and film can be removed, allowing the roaches to go back to life in the lab's terrarium. Beyond disaster rescue bugs, Fukuda sees broad applications for the solar cell film, composed of microscopic layers of plastic, silver, and gold.

☆ BOJ to keep ultra-low rates, remain global outlier despite weak yen
▼ + stars: | 2022-09-21 | by ( Leika Kihara | ) www.reuters.com time to read: +4 min

Any such decision could drive down the Japanese currency further from 24-year lows hit in recent weeks, as investors focus on the widening gap between Japan's ultra-low interest rates and the U.S. Federal Reserve's aggressive rate hike plans. "With other central banks hiking rates, the BOJ's negative rate policy will come under the spotlight and may unleash further yen selling." The BOJ's rate review will be the first one for Hajime Takata and Naoki Tamura, who joined the nine-member board in July. They succeeded former commercial banker Hitoshi Suzuki and economist Goushi Kataoka, a vocal advocate of aggressive easing who consistently voted against keeping rates steady. A unanimous vote would suggest the two newcomers are unlikely to rock the boat on monetary policy for the time being.

Register now for FREE unlimited access to Reuters.com Register"The weak yen is importing inflation into Japan. Core consumer inflation is set to top 3% in October," said Takeshi Minami, chief economist at Norinchukin Research Institute. Analysts expect core consumer inflation to exceed 3% in October, when many retailers plan to raise prices and the base effect of more 2021 cellphone fee cuts will drop out of the calculation. While goods prices were 5.7% higher in August than a year earlier, services prices gained just 0.2%, the CPI data showed. But its recovery has been hobbled by a resurgence in COVID-19 infections, supply constraints and rising raw material costs.

The core core index is closely watched by the BOJ as a gauge on how much of the inflationary pressure is driven by domestic demand. Headline inflation hit 3.0% in August, the highest since 1991, underscoring the pain consumers are suffering from rising living costs. "Headline inflation jumped in August to yet another high since 1991 and it still has a stretch higher to climb. read moreWhile inflation is still modest compared with many other advanced nations, a global slowdown and high energy prices are clouding the outlook. The BOJ has pledged to keep interest rates ultra-low and remain an outlier in a global wave of monetary policy tightening.

☆ Here's how economies around the world are reacting to China's economic slowdown.
▼ + stars: | 2022-09-19 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

China's growth slowdown is sending ripples across the world, though the repercussions are varied based on where you look. This morning, I'm breaking down what you want to know about how the world's second biggest economy moves the world's currency and commodity markets. Beijing is navigating a slew of headwinds, including COVID-19 lockdowns and issues across property and labor markets, according to Bank of America. Meanwhile, China's slowdown has less impact in Europe because the continent's focus remains on the energy crunch and Russia, analysts noted. US stock futures, cryptocurrencies, and oil prices fell early Monday, as investors brace for the Fed, Bank of Japan, and Bank of England's rate decisions this week.

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