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☆ England midfielder Walsh joins squad for training on eve of Nigeria game
▼ + stars: | 2023-08-06 | by ( ) www.reuters.com time to read: +1 min

BRISBANE, Aug 6 (Reuters) - England midfielder Keira Walsh trained on Sunday with the European champions on the eve of the Lionesses' last-16 game against Nigeria, her first time to participate in training since suffering a knee injury on July 28. Walsh left the pitch on a stretcher with what looked like a serious injury during England's 1-0 win over Denmark on July 28, and sat out their 6-1 rout of China to cap the group stage. The team announced a day later that Walsh had not suffered a torn anterior cruciate ligament, but it is still not known when she will be able to play. England won all three of their group games at the World Cup to finish atop Group D.Walsh is considered on the world's top midfielders, signing a three-year deal with Barcelona last September for a world-record fee of around 350,000 pounds ($401,170). Reporting by Lori Ewing; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: Keira Walsh, Walsh, Lori Ewing, Tom Hogue Organizations: BRISBANE, Nigeria, England's, Denmark, England, Barcelona, Thomson Locations: England, China

☆ Fed's Bowman says more US rate hikes likely will be needed
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +3 min

REUTES/Ann Saphir/File PhotoAug 5 (Reuters) - The U.S. Federal Reserve will likely need to raise interest rates further to bring down inflation, Governor Michelle Bowman said on Saturday. Bowman said she supported the Fed's quarter-point increase in interest rates last month, given still-high inflation, strong consumer spending, a rebound in the housing market and a labor market that is helping to feed higher prices. In forecasts published in June, most Fed policymakers expected to end the year with the Fed policy rate at 5.6%, one quarter-point hike above the setting established at the Fed's late-July meeting. Bowman's use of the plural "rate increases" in her remarks on Saturday indicates she thinks the Fed will need to go higher than that. "I will also be watching for signs of slowing in consumer spending and signs that labor market conditions are loosening."

Persons: Michelle Bowman, Ann Saphir, Bowman, Jerome Powell, Banks, Tom Hogue Organizations: Federal, Hoover Institution, REUTES, U.S . Federal Reserve, Kansas Bankers Association, Market Committee, Labor, Thomson Locations: Palo Alto , California, U.S

☆ Bangladesh grapples with record deadly outbreak of dengue fever
▼ + stars: | 2023-08-05 | by ( Ruma Paul | ) www.reuters.com time to read: +2 min

DHAKA, Aug 5 (Reuters) - Bangladesh is grappling with a record deadly outbreak of dengue fever, with hospitals struggling to make space for patients as the disease spreads rapidly in the densely-populated country. Hospitals, especially in capital Dhaka, are struggling to find space for the large number of patients suffering high fever, joint pain and vomiting, health officials said. There is no vaccine or drug that specifically treats dengue, which is common in South Asia during the June-to-September monsoon season, when the Aedes aegypti mosquito that spreads the deadly virus thrives in stagnant water. This year's deaths already top the previous record of 281 from last year, with the number of people infected just behind the 62,423 cases of 2022. "This is the reason why we saw such a high number of dengue cases in July.

Persons: Zahid Maleque, Kabirul Bashar, Yasir Arafat, Ruma Paul, Tom Hogue Organizations: Reuters, Jahangirnagar University, Thomson Locations: DHAKA, Bangladesh, Dhaka, South Asia, Asia

☆ Dutch warned to underestimate South Africa at their peril
▼ + stars: | 2023-08-05 | by ( Nick Mulvenney | Thomson Reuters | Leads Coverage Of Sport Across The Asia-Pacific. Still Reports On The Full Panoply Of Sport. Many Olympics World Cups World Championships Grand Slams Grands Prix | ) www.reuters.com time to read: +2 min

"I think this group has shown that nothing can stand in their way, this group has shown when the chips are down that they can stand up. We know who we are playing, but they don't know who they are playing. The Dutch beat South Africa 5-1 in a friendly last year but Ellis said not much should be read into that result. "We are a team that know what our strengths and weaknesses are ... we know what we want to do. "We've got to bring our 'A' game and we've got to be at the absolute best, because the Dutch have shown during the tournament that they're a top side."

Persons: Desiree Ellis, Banyana Banyana, We've, Ellis, they've, Striker Jermaine Seoposenwe, we've, Nick Mulvenney, Tom Hogue Organizations: SYDNEY, Sydney Football, Sweden, Argentina, South Africa, Thomson Locations: South Africa, Netherlands, Italy

☆ Three people killed, houses set ablaze in fresh violence in India's Manipur state
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +1 min

[1/2] People take part in a mass rally in Meitei dominated Imphal, amidst the conflict with Kuki tribals in the remote northeastern state of Manipur, India, July 29, 2023. REUTERS/Stringer/File PhotoGUWAHATI, Aug 5 (Reuters) - Three people were killed and houses set ablaze in fresh violence in India's Manipur, police officials said late on Friday, as sporadic violence and killings continue in the remote northeastern state. The three people killed on Thursday night belonged to the majority Metei community in the state's Bishnupur district, a police spokesperson said. A spokesperson for a Kuki civil society group said it did not have an immediate comment on the latest killings. Over 180 people have been killed and thousands have fled their homes, since the violence started in Manipur, a state of 3.2 million that borders Myanmar.

Persons: Stringer, Zarir Hussain, Tom Hogue Organizations: REUTERS, Thomson Locations: Meitei, Imphal, Kuki, Manipur, India, GUWAHATI, state's Bishnupur, Myanmar

☆ China's northeast inundated in Doksuri's wake
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +2 min

People ride a boat through a flooded road after the rains and floods brought by remnants of Typhoon Doksuri, in Zhuozhou, Hebei province, China August 3, 2023. Bridges have collapsed and roads were damaged across the city, state media reported. Rainfall this past week broke many records in Beijing and northern China, with the vast Haihe river basin hit with its worst flooding since 1963. Floodwaters could take up to a month to recede in Hebei province, a water resources department official told state media. Zhuozhou southwest of Beijing is the hardest hit city in Hebei province, with about 100,000 people - a sixth of its population - evacuated.

Persons: Doksuri, Tingshu Wang, Typhoon Doksuri, David Kirton, Tom Hogue Organizations: REUTERS, China News Service, Thomson Locations: Zhuozhou, Hebei province, China, SHENZHEN, Shulan, Jilin, State, Beijing, China's Heilongjiang

☆ Panama blasts Colombia for inaction on Darien Gap migrants
▼ + stars: | 2023-08-05 | by ( Elida Moreno | ) www.reuters.com time to read: +2 min

PANAMA CITY, Aug 4 (Reuters) - The head of Panama's migration agency lashed out at Colombia on Friday, slamming its southern neighbor for failure to help control the flow of mostly U.S.-bound migrants passing through the dangerous Darien Gap amid a surge of people traveling north. "For Panama, this is a crisis, but unfortunately with Colombia we have not been able to reach any kind of understanding," Gozaine said in a statement released on Friday. The dense tropical jungle of the 60-mile (97-km) Darien Gap links Panama and Colombia, covering a missing section on the Pan-American highway, which stretches from Alaska to Argentina. Late last month, Panama's security ministry released data showing that the number of individual crossings of the Darien Gap reached an all-time high of nearly 250,000 in the first seven months of the year. "The only thing that Panama can do is manage the flow and permit (migrants) to keep traveling north and try to minimize the damage to Panama," she said.

Persons: Samira Gozaine, Gozaine, Elida Moreno, David Alire Garcia, Tom Hogue Organizations: PANAMA CITY, Panamanian, Pan, Thomson Locations: PANAMA, Colombia, Panama, Darien, Alaska, Argentina, United States

The quarterly results from OCBC, also Southeast Asia's second largest lender by assets, rounded up a strong earnings season by Singapore banks as DBS Group (DBSM.SI) and United Overseas Bank (UOBH.SI) also delivered double-digit profit growth. Besides higher interest rates, Singapore lenders have also benefited from strong inflows from wealthy customers amid global uncertainty, including U.S.-China geopolitical tensions, because of the city-state's status as a financial safe-haven. Higher interest rates and slower economic growth could raise asset-quality risks for businesses and individual customers, he said, adding weak loan demand could negatively impact net interest income growth momentum once margin expansion peaks. OCBC said April-June net profit climbed to S$1.71 billion ($1.28 billion) from S$1.28 billion a year earlier mainly driven by better income growth and partly offset by higher allowances for non-impaired assets. The figure compared with a mean estimate of a S$1.76 billion profit from four analysts polled by Refinitiv.

Persons: ROE, Thilan Wickramasinghe, OCBC, NIM, Yantoultra Ngui, Tom Hogue, Shri Navaratnam, Jamie Freed Organizations: Chinese Banking Corp, DBS, United Overseas Bank, Maybank Securities, Refinitiv, Thomson Locations: Singapore, SINGAPORE, Asia's, U.S, China, Malaysia

☆ Heatwave-hit jamboree in S.Korea in doubt as American scouts leave
▼ + stars: | 2023-08-04 | by ( Hyunsu Yim | ) www.reuters.com time to read: +2 min

[1/4] Participants wait in a long line to get into a souvenir shop at the camping site for the 25th World Scout Jamboree in Buan, South Korea, August 4, 2023. REUTERS/Kim Hong-JiBUAN, South Korea, Aug 5 (Reuters) - The World Scout Jamboree in South Korea faced calls to be cancelled on Saturday after large contingents from the United States and Britain pulled out a week early over extreme heat and weather conditions. The U.S. contingent will take part in a jamboree programme on Saturday before moving to U.S. Army Garrison Humphreys near the jamboree site on Sunday, according to an email reviewed by Reuters. "The US Contingent to the World Scout Jamboree has made the difficult decision that we will be departing the 25th World Scout Jamboree site early because of ongoing extreme weather and resulting conditions at the jamboree site," said the email sent to parents by the U.S. group's media team. Organisers would meet on Saturday to discuss whether to continue, cancel or scale back the event, South Korea's Yonhap news agency reported.

Persons: Kim Hong, Ji BUAN, U.S . Army Garrison Humphreys, Hyunsu Yim, Tom Hogue, William Mallard Organizations: REUTERS, South Korean, U.S, U.S . Army, Reuters, Contingent, Organization of, Scout Movement, Korean Scout Association, Minwoo, Thomson Locations: Buan, South Korea, United States, Britain, U.S, Saemangeum, South Korea's, Seoul

☆ Ukraine attacks Russian navy base near Novorossiysk
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +2 min

Aug 4 (Reuters) - Ukrainian sea drones attacked a Russian navy base near the Black Sea port of Novorossiysk, a major hub for Russian exports, early on Friday and were destroyed by Russian warships, Russia's defence ministry said. The attack prompted the Novorossiysk port to temporarily halt all ship movement, according to the Caspian Pipeline Consortium which operates an oil terminal there. Russian social media users reported hearing explosions and gunfire near Novorossiysk on Friday morning. Russia has also reported an attack by Ukrainian sea drones on its warships which were escorting a civilian vessel. Russian air defences downed 10 Ukrainian drones over Crimea on Friday morning and suppressed three more with electronic countermeasures, TASS cited the Russian defence ministry as saying.

Persons: Tom Hogue, Kim Coghill, Michael Perry Organizations: Caspian Pipeline Consortium, Caspian Pipeline, Astra, TASS, Reuters, Thomson Locations: Russian, Novorossiysk, Russia, Ukrainian, Crimea

☆ Denmark to tighten border control after Koran burnings
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +1 min

People demonstrate against the desecration of the Koran in Denmark, in Sanaa, Yemen July 24, 2023. REUTERS/Khaled Abdullah/File PhotoOSLO, Aug 4 (Reuters) - Danish police are tightening border controls following recent burnings of the Koran that have affected the security situation, the justice ministry said late on Thursday, following a similar decision by Sweden earlier in the week. Tighter border controls will initially be in place until Aug. 10, it said. "The recent Koran burnings have, as the security police have said, affected the current security situation," Justice Minister Peter Hummelgaard said in the statement. The decision to tighten border controls with more checks of travellers arriving in Denmark follows a similar move by Sweden.

Persons: Khaled Abdullah, Peter Hummelgaard, Terje Solsvik, Tom Hogue, Robert Birsel Organizations: REUTERS, Authorities, Thomson Locations: Denmark, Sanaa, Yemen, OSLO, Sweden

☆ Singapore bank OCBC second-quarter earnings rise; sees rate cuts from 2024
▼ + stars: | 2023-08-04 | by ( Yantoultra Ngui | Thomson Reuters | Yantoultra Ngui Is A Southeast Asia Deals Correspondent With Reuters In Singapore | ) www.reuters.com time to read: +3 min

The quarterly results from OCBC, also Southeast Asia's second largest lender by assets, rounded up a strong earnings season by Singapore banks as DBS Group (DBSM.SI) and United Overseas Bank (UOBH.SI) also delivered double-digit profit growth. Besides higher interest rates, Singapore lenders have also benefited from strong inflows from wealthy customers amid global uncertainty, including U.S.-China geopolitical tensions, because of the city-state's status as a financial safe-haven. The figure compared with a mean estimate of a S$1.76 billion profit from four analysts polled by Refinitiv. The bank projected its full-year net interest margin, a key profitability gauge, to be above 2.2%, return on equity in the range of 14% and low-to-mid single-digit loan growth. ($1 = 1.3410 Singapore dollars)Reporting by Yantoultra Ngui; Editing by Tom Hogue, Shri Navaratnam and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: ROE, Helen Wong, Thilan Wickramasinghe, OCBC, Wong, Yantoultra Ngui, Tom Hogue, Shri Navaratnam, Jamie Freed Organizations: Chinese Banking Corp, DBS, United Overseas Bank, Maybank Securities, Refinitiv, Thomson Locations: Singapore, SINGAPORE, Asia's, U.S, China, Malaysia

☆ Toyota, Pony.Ai to set up robotaxi JV with $139 mln investment
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +1 min

file photo: A logo of the autonomous driving technology startup Pony.ai is seen on a screen during an event in Beijing, China May 13, 2021. REUTERS/Tingshu WangBEIJING, Aug 4 (Reuters) - Autonomous vehicle technology startup Pony.Ai on Friday said it would set up a joint venture with Japan's Toyota Motor (7203.T) with an investment of 1 billion yuan ($139 million) to mass produce robotaxis. The venture marks a new development in the partnership between Pony.Ai and Toyota, which first teamed up in 2019. In the years since, the Japanese automaker has invested hundreds of millions of dollars in Pony.Ai. Pony.Ai, which has offices in China and the United States, has launched robotaxi services in Beijing and Guangzhou.

Persons: Tingshu Wang, Pony.Ai, Liz Lee, Tom Hogue, Christopher Cushing Organizations: REUTERS, Japan's Toyota, Guangzhou Automobile Group, GAC, Toyota, Pony.Ai, Beijing, Thomson Locations: Beijing, China, Tingshu Wang BEIJING, Pony.Ai, United States, Guangzhou

☆ Mitsubishi UFJ to invest $937 mln in U.S. Bancorp
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +1 min

People queue inside a branch of the Mitsubishi UFJ (MUFJ) Financial Group's bank of Tokyo-Mitsubishi UFJ in Tokyo, Japan, February 1, 2016. REUTERS/Yuya Shino/File PhotoTOKYO, Aug 3 (Reuters) - Japan's Mitsubishi UFJ Financial Group (MUFG) (8306.T) said on Thursday it would invest $936.7 million in U.S. Bancorp (USB.N) to raise its stake in the U.S. bank to 4.4%. The payment is in connection with MUFG's $8 billion sale of its U.S. retail banking unit MUFG Union Bank to U.S. Bancorp last year. In the deal, U.S. Bancorp received $3.5 billion in additional cash held by MUFG Union Bank which the U.S. bank is required to repay. MUFG also said it has agreed with a bank subsidiary of U.S. Bancorp on U.S. dollar liquidity support to strengthen its sustainable non-Japanese yen funding capacity.

Persons: Yuya, MUFG, Makiko Yamazaki, Tom Hogue Organizations: Mitsubishi, REUTERS, Mitsubishi UFJ Financial, U.S . Bancorp, U.S, Bancorp, MUFG's, MUFG, Bank, MUFG Union Bank, Thomson Locations: Tokyo, Japan, U.S

☆ BOJ debated inflation overshoot risk in June, offering insight into July tweak
▼ + stars: | 2023-08-02 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

A man walks at the headquarters of Bank of Japan in Tokyo, Japan, January 18, 2023. While some said they expected inflation to slow back below 2% as cost-push factors dissipate, one member said the risk of inflation staying elevated above the level "remained high." Several board members said service prices were rising in a sign domestic factors were playing an increasing role in pushing up Japan's inflation, the minutes showed. "We cannot rule out the chance we are underestimating the sustainability of inflation in Japan," one of the nine board members was quoted as saying in the minutes. The outlook for medium- and long-term inflation expectations was crucial to how the BOJ operates YCC, another member said.

Persons: Issei Kato, BOJ's, Shinichi Uchida, Leika Kihara, Tom Hogue Organizations: Bank of Japan, REUTERS, Thomson Locations: Tokyo, Japan, TOKYO

☆ Russia strikes Ukraine's Danube port, sending global grain prices higher
▼ + stars: | 2023-08-02 | by ( Pavel Polityuk | ) www.reuters.com time to read: +5 min

Ukraine's defence ministry said a grain silo was damaged in the Danube port of Izmail in the Odesa region: "Ukrainian grain has the potential to feed millions of people worldwide," the ministry wrote on messaging platform X, formerly known as Twitter. Russian terrorists have once again attacked ports, grain, global food security." "The enemy... is trying to destroy Ukrainian grain, attacking industrial and port infrastructure. Ukrainian officials have said Moscow has hit 26 port facilities, five civilian vessels and 180,000 tonnes of grain in nine days of strikes since quitting the grain deal. Ukraine's Air Force reported that Russia also launched a drone attack on Kyiv and the surrounding region overnight.

Persons: Oleh Kiper, Kiper, Volodymyr Zelenskiy, Izmail, Ukraine's, Serhiy Bratchuk, Pavel Polityuk, Jacqueline Wong, Tom Hogue, Simon Cameron, Moore, Peter Graff Organizations: REUTERS, Ukrainian Volunteer Army, United Nations, Ukraine's Air Force, Air, Thomson Locations: Russian, Ukraine, Odesa, REUTERS KYIV, Russia, Romania, Moscow, reimpose, Izmail, NATO, Ukraine's, Chicago, Constanta, Turkey, Kyiv

☆ Rain pelts Beijing for fourth day, northern cities on disaster alert
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +3 min

[1/5] A man carries a child through the mud after floods, in a neighbourhood affected by days of heavy rain from remnants of Typhoon Doksuri, in Beijing, China, August 1, 2023. REUTERS/Thomas PeterBEIJING, Aug 1 (Reuters) - Relentless rain stretched into a fourth day in Beijing and nearby cities on Tuesday after a typhoon brought northern China non-stop precipitation and widespread flooding. Rivers have swollen to dangerous levels, prompting Beijing to use a flood storage reservoir for the first time since it was built 25 years ago. Beijing's Mentougou district in the west saw dramatic damage a day before, after torrential rains turned roads into rivers, sweeping cars away. In July 2012, Beijing was hit by the strongest storm since the founding of modern China, with the city receiving 190.3mm of rain in one day, affecting more than 1.6 million people.

Persons: Doksuri, Thomas Peter BEIJING, Liz Lee, Ryan Woo, Tom Hogue Organizations: REUTERS, CCTV, Shanghai, Thomson Locations: Beijing, China, Tianjin, Hebei province, Beijing's Mentougou, 738.3mm, South, Hebei, Britain, Fujian

☆ Goldman upgrades oil demand outlook as market tempers growth pessimism
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +2 min

Companies Goldman Sachs Group Inc FollowJuly 30 (Reuters) - Goldman Sachs on Sunday revised up its global oil demand forecast for the year while sticking to its 12-month Brent price projection of $93 per barrel as higher realized inventories offset the demand boost from a less pessimistic growth outlook. Goldman analysts estimate global oil demand climbed to an all-time high of 102.8 million barrels per day (bpd) in July and see solid demand driving a larger-than-expected 1.8 million bpd deficit in the second half this year and a 0.6 million bpd deficit in 2024. A reduced recession risk and a strong effort by the Organization of the Petroleum Exporting Countries (OPEC) to push up prices support Goldman's view on higher oil prices and an outlook for less volatility, the analysts wrote in a note. Oil prices hovered near three-month highs on Monday, set to post their biggest monthly gains in over a year on expectations that Saudi Arabia would extend voluntary output cuts into September and tighten global supply. The Wall-Street bank upgraded its oil demand estimate by around 550,000 bpd and sees 2023 supply higher by around 175,000 bpd.

Persons: Goldman Sachs, Brent, Goldman, Ananya Bajpai, Swati Verma, Tom Hogue Organizations: Goldman Sachs, Organization of, Petroleum, Goldman, Saudi, West Texas, Thomson Locations: Saudi Arabia, Saudi, Bengaluru

☆ Australia home prices rise 5th straight month but pace slowing -CoreLogic
▼ + stars: | 2023-07-31 | by ( Stella Qiu | ) www.reuters.com time to read: +2 min

CoreLogic figures on Tuesday showed prices nationally rose 0.7% in July from June, slowing from a jump of 1.1% in the earlier month. Since finding a floor in February, national prices have risen 4.1%, following a 9.1% decline from their peak in April last year. Home price gains in Sydney slowed to 0.9% for the month compared with June, down from growth of 1.7%, the data showed. CoreLogic research director Tim Lawless said sellers were becoming more active at a time that is normally seasonally subdued, with new listings added in Australia's main cities in July lifting by 3.9% over the previous month. Listings in Sydney jumped 9.9% from a year ago and were 18% higher than the average for the previous five years.

Persons: Tim Lawless, Lawless, PropTrack, Stella Qiu, Tom Hogue Organizations: SYDNEY, Reserve Bank of Australia, Reuters, Thomson Locations: Sydney, Australia's

SEOUL/SHANGHAI, July 31 (Reuters) - Chinese battery materials firms are ramping up investment in South Korea, announcing projects worth at least $4.4 billion this year to try to meet U.S. electric vehicle (EV) tax credit rules aimed at lowering reliance on China's supply chains. The IRA, designed to wean the U.S. off the Chinese supply chain for electric vehicles (EVs), will also eventually bar tax credits if any EV battery components were manufactured by a "foreign entity of concern", a provision aimed at China. South Korea has a free-trade agreement with the United States that would likely make batteries manufactured in the North Asian nation and later installed in U.S.-manufactured electric cars eligible for the federal tax credits. SK On and its supplier EcoPro Co (086520.KQ) also announced a joint venture with China's Green Eco Manufacture to make battery precursors in South Korea. POSCO Holdings (005490.KS) said last month it would cooperate with China's CNGR Advanced Material (300919.SZ) on nickel refining and precursor production in South Korea.

Persons: Kang Dong, hasn't, China's, 1,274.0000, Heekyong Yang, Zoey Zhang, Miyoung Kim, Tom Hogue Organizations: SK, U.S, Hyundai Motor Securities, China JV, U.S . Treasury Department, South, New Energy Technology, Reuters, Zhejiang, LG Chem, LG Energy, EcoPro, China's, POSCO Holdings, LG, Samsung SDI, EV, Thomson Locations: SEOUL, SHANGHAI, South Korea, United States, China, U.S, Korea, Ningbo, Seoul, South Korean, Korean, KS, Shanghai

☆ Toshiba tender offer pushed back to August due to regulatory delay
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +1 min

TOKYO, July 28 (Reuters) - Toshiba Corp (6502.T) said on Friday a group led by Japan Industrial Partners (JIP) is expected to launch a tender offer for the industrial conglomerate "sometime in August 2023", a delay from late July. Toshiba said in a statement that procedures under foreign competition laws and regulations in some jurisdictions are not expected to be completed until after Aug. 1. The Toshiba board has approved the buyout offer, which values the electronics-to-power stations maker at 2 trillion yen ($14.35 billion) and would put it in domestic hands after years of battles with overseas activist shareholders. Some 20 Japanese companies, including financial services firm Orix (8591.T) and chipmaker Rohm Co (6963.T), plan to take part in the deal led by private equity firm JIP. read moreThe buyout group will promptly make an announcement when the conditions for the tender offer are fulfilled, or when there is any further change in the expected schedule, Toshiba said.

Persons: chipmaker Rohm, Makiko Yamazaki, Tom Hogue, Edmund Klamann Organizations: Toshiba Corp, Japan Industrial Partners, Toshiba, Thomson Locations: TOKYO

☆ Binance and its CEO seek dismissal of CFTC complaint
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +1 min

July 27 (Reuters) - Binance and its CEO Changpeng Zhao have filed a motion to dismiss a complaint filed against the exchange by the U.S. Commodity Futures Trading Commission (FTC), the company said in a court filing on Thursday. The CFTC sued Binance, Zhao and former Chief Compliance Officer Samuel Lim in March alleging that they violated the Commodity Exchange Act and certain related federal regulations, and for operating what the regulator said was an "illegal" exchange and a "sham" compliance program. The Court should dismiss the complaint in its entirety," Binance said. Lim filed a separate motion to dismiss the CFTC claims against him. Reporting by Juby Babu in Bengaluru; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: Changpeng Zhao, Binance, Zhao, Samuel Lim, Lim, Juby Babu, Tom Hogue Organizations: U.S . Commodity Futures Trading Commission, CFTC, Thomson Locations: Bengaluru

☆ US orders government personnel, family members to leave Haiti
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +1 min

July 27 (Reuters) - The U.S. State Department on Thursday ordered non-emergency government personnel and family members to leave Haiti as soon as possible, citing "kidnapping, crime, civil unrest, and poor health care infrastructure." The State Department said U.S. citizens not working for the government should also leave Haiti as soon as possible "by commercial or other privately available transportation options." Kidnappers may use sophisticated planning or take advantage of unplanned opportunities, and even convoys have been attacked," the State Department said in a travel advisory. read moreThe Caribbean nation has not elected a new leader since President Jovenel Moïse was assassinated on July 7, 2021. Reporting by Dan Whitcomb; Editing by Tom Hogue, Robert BirselOur Standards: The Thomson Reuters Trust Principles.

Persons: Jovenel Moïse, Dan Whitcomb, Tom Hogue, Robert Birsel Organizations: U.S . State Department, State Department, Thomson Locations: Haiti, Caribbean

☆ Japan's Takeda beats Q1 profit estimates on mainstay drugs, dengue vaccine
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +2 min

Companies Takeda Pharmaceutical Co Ltd FollowTOKYO, July 27 (Reuters) - Japan's Takeda Pharmaceutical (4502.T) posted first-quarter profit that beat analysts' estimates, citing solid sales of mainstay drugs and the launch of new products including its dengue fever vaccine. Operating profit rose 12% from a year earlier to 168.6 billion yen ($1.2 billion) in the three months through June 30, the drugmaker said. That compared with an average forecast of 150.7 billion yen from six analysts polled by Refinitiv. The company held its forecast for full-year operating profit at 349 billion yen. Analysts expect 481.1 billion yen on average for the year.

Persons: Takeda, Rocky Swift, Tom Hogue, Robert Birsel Organizations: Takeda Pharmaceutical, Refinitiv, Therapeutics, Shire Plc, Nikkei, Thomson Locations: Japan, United States, U.S

☆ Samsung Elec Q2 profit plunges 95% as chip glut persists
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: 1 min

SEOUL, July 27 (Reuters) - Samsung Electronics (005930.KS) reported on Thursday a 95% plunge in quarterly profit, as the chip industry's downturn persisted despite output cuts due to weaker demand for products reliant on semiconductors from consumer gadgets to servers. The world's top maker of memory chips and smartphones said operating profit fell to 669 billion won ($527 million) for the April-June quarter, from 14.1 trillion won a year earlier. That was broadly in line with the company's estimate of 600 billion won this month, and was the second-lowest quarterly profit in 14 years. Revenue fell 22% to 60 trillion won. ($1 = 1,269.2200 won)Reporting by Joyce Lee and Ju-min Park; Editing by Tom Hogue and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: 1,269.2200, Joyce Lee, Tom Hogue, Jamie Freed Organizations: Samsung Electronics, Revenue, Thomson Locations: SEOUL, KS

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