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☆ Libya says four members of Greek rescue team killed in road accident
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +1 min

CAIRO, Sept 17 (Reuters) - Four members of a Greek rescue team en route to the flood-ravaged city of Derna and three members of a Libyan family were killed in a road accident on Sunday, the health minister for the Libyan eastern government said. Fifteen of the Greek rescue team were injured, including seven in a critical condition, Othman Abduljaleel told a televised news conference. Two of the Libyan family were also critical, he said. The Greek foreign ministry was not immediately available to comment on Abduljaleel's statement regarding the killing of four Greeks. According to a diplomatic source, the Greek rescue team had 16 members plus three interpreters.

Persons: Othman Abduljaleel, Hatem Maher, Muhammad Al Gebaly, Karolina Tagaris, Christina Fincher, Conor Humphries Organizations: Greek Armed Forces, Thomson Locations: CAIRO, Derna, Libyan, Benghazi

☆ EU Urges Poland, Hungary, Slovakia to Be Constructive on Ukraine Grain
▼ + stars: | 2023-09-17 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +2 min

BRUSSELS (Reuters) - The European Commission called on Poland, Hungary and Slovakia on Sunday to be constructive after they unilaterally declared they would continue to ban grain imports from Ukraine despite the Commission's decision to end the ban. What is important right now is that all countries work in the spirit of compromise and engage constructively," a Commission spokeswoman said. Under the EU ban, Ukraine was allowed to export through those countries on condition the produce was sold elsewhere. The EU allowed that ban to expire on Friday after Ukraine pledged to take measures to tighten control of exports to neighbouring countries. Poland, Slovakia and Hungary all announced on Friday they would keep their own restrictions on Ukrainian grain imports despite the Commission's decision.

Persons: Jan Strupczewski, Christina Fincher Organizations: European, European Union, EU, Ukraine Locations: BRUSSELS, Poland, Hungary, Slovakia, Ukraine, States, Black

☆ Liberia opposition leader Boakai opens bid to beat President Weah
▼ + stars: | 2023-09-17 | by ( Alphonso Toweh | ) www.reuters.com time to read: +2 min

[1/4] People gather as opposition leader Joseph Boakai launched his campaign ahead of October elections, in Monrovia, Liberia September 17, 2023. "We thought he (Weah) was going to bring the change he promised, but nothing," said businesswoman Martha Gould. An error in the accounting of fuel supplies in state-run tanks left Liberia short on gasoline in 2020, causing panic at the pumps. Still, it remains to be seen if Boakai and his Unity Party can turn the tide. Weah remains popular across much of the country, and the economy grew nearly 5% last year, driven by gains in agriculture and mining, the World Bank says.

Persons: Joseph Boakai, Carielle, George Weah, Joe, Martha Gould, Weah, Nathaniel McGill, Boakai, Edward McAllister, Christina Fincher Organizations: Reuters, Rights, Liberian, Unity Party, Bank, Thomson Locations: Monrovia, Liberia, Rights MONROVIA, Liberia's, United States

☆ EU urges Poland, Hungary, Slovakia to be constructive on Ukraine grain
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +2 min

BRUSSELS, Sept 17 (Reuters) - The European Commission called on Poland, Hungary and Slovakia on Sunday to be constructive after they unilaterally declared they would continue to ban grain imports from Ukraine despite the Commission's decision to end the ban. What is important right now is that all countries work in the spirit of compromise and engage constructively," a Commission spokeswoman said. Under the EU ban, Ukraine was allowed to export through those countries on condition the produce was sold elsewhere. The EU allowed that ban to expire on Friday after Ukraine pledged to take measures to tighten control of exports to neighbouring countries. Poland, Slovakia and Hungary all announced on Friday they would keep their own restrictions on Ukrainian grain imports despite the Commission's decision.

Persons: Jan Strupczewski, Christina Fincher Organizations: European, European Union, EU, Ukraine, Thomson Locations: BRUSSELS, Poland, Hungary, Slovakia, Ukraine, States, Black

☆ Ukraine general says Klishchiivka village near Bakhmut recaptured
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +2 min

A sniper of Ukraine's 3rd Separate Assault Brigade takes a position during a reconnaissance mission, amid Russia's attack on Ukraine, near Bakhmut, Ukraine September 7, 2023. REUTERS/Stringer/File Photo Acquire Licensing RightsSept 17 (Reuters) - The general in command of Ukraine's ground forces said on Sunday that Ukrainian forces had recaptured the eastern village of Klishchiivka on the southern flank of Bakhmut, which the Russians claimed control of in January. Interior Minister Ihor Klymenko also confirmed on Telegram that the village was recaptured in heavy fighting by the "Liut" national police united assault brigade, the 80th airborne assault brigade and the 5th assault brigade. The Ukrainian military said earlier on Sunday that Kyiv's troops "achieved success in the Klishchiivka district of the Donetsk region, forcing the enemy out of their positions." Ukrainian military analysts said this week the liberation of settlements near Bakhmut would allow the military to advance from the southern flank in the Bakhmut area, gaining control of the heights.

Persons: Stringer, Klishchiivka, Alexander Syrskyi, Ihor Klymenko, Andriy Yermak, Yermak, Bakhmut, Pavel Polityuk, Elaine Monaghan, Louise Heavens, Christina Fincher Organizations: Assault Brigade, REUTERS, Reuters, Bakhmut, Ukrainian, Thomson Locations: Ukraine, Bakhmut, Klishchiivka, Andriivka, Ukrainian, Donetsk

☆ Berlin's Brandenburg Gate spray-painted by climate activists
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +1 min

[1/5] People walk in front of the Brandenburg Gate after Last Generation ("Letzte Generation") climate activists threw paint on the columns of the Brandenburg Gate in Berlin, Germany, September 17, 2023. REUTERS/Swantje Stein Acquire Licensing RightsFRANKFURT, Sept 17 (Reuters) - Climate activists sprayed orange and yellow paint on the columns of Berlin's landmark Brandenburg Gate on Sunday to push demands for a stop to the use of fossil fuels by 2030. "Members of the so-called 'Last Generation' sprayed the columns on the east side of the Brandenburg Gate with orange paint from fire extinguishers during the morning," Berlin police said on X, formerly known as Twitter. It added that police officers noticed a hydraulic lift was being operated at the gate and they kept the protesters from scaling the landmark building. Germany aims to reach net-zero emissions by 2045, but it missed annual targets for the last two years.

Persons: Swantje Stein, Ludwig Burger, Christina Fincher Organizations: REUTERS, Rights, Thomson Locations: Brandenburg, Berlin, Germany, Europe

☆ As prices fall, two thirds of global car sales could be EVs by 2030- study
▼ + stars: | 2023-09-14 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

A parking bay reserved for electric car charging can be seen on display in London, Britain, October 19, 2018. Batteries are expensive and account for around 40% of an EV's price tag, a cost that has so far made them unaffordable for many consumers. But those prices are steadily coming down as carmakers invest in new battery chemistries, materials and software to make more efficient EVs, RMI senior principal Kingsmill Bond told Reuters. EV sales in the European Union jumped almost 61% in July versus the same month in 2022, accounting for 13.6% of all car sales. The European Union aims to ban the sale of new fossil-fuel models from 2035.

Persons: Simon Dawson, Kingsmill Bond, RMI's Bond, Nick Carey, Christina Fincher Organizations: REUTERS, Rocky Mountain Institute, RMI, European Union, Union, United, Reuters, Research, Exeter University's, Energy Innovation, Thomson Locations: London, Britain, Europe, U.S, China, United States, California, New York, Exeter, India

☆ China cuts banks' reserve ratio for second time in 2023 to aid recovery
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +2 min

The headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China, February 3, 2020. The People's Bank of China (PBOC) said it would cut the reserve requirement ratio (RRR) for all banks, except those that have implemented a 5% reserve ratio, by 25 basis points from Sept. 15. The central bank said the weighted average reserve requirement ratio (RRR) for financial institutions stood at around 7.4% after the cut. Dan Wang, chief economist at Hang Seng Bank China, cautioned to watch for a cut in Medium-term Lending Facility (MLF) on Friday off the back of the RRR cut. "That would be more significant than the RRR cut and suggest central bank is up to something," said Wang.

Persons: Jason Lee, Wen Bin, Xu Tianchen, Dan Wang, Wang, Liangping Gao, Joe Cash, Ellen Zhang, Kevin Yao, Kevin Liffey, Alison Williams, Christina Fincher Organizations: People's Bank of China, REUTERS, Rights, Minsheng Bank, Xinhua, Economist Intelligence Unit, Hang Seng Bank China, Thomson Locations: Beijing, China, Rights BEIJING

A Union Jack flag flutters in front of the Houses of Parliament in London, Britain, November 5, 2019. "Chinese recruitment schemes have tried to headhunt British and allied nationals in key positions and with sensitive knowledge and experience," the government said. The arrest of the young researcher, who denied being a spy, has led to calls by British members of parliament for a tougher stance. Sunak told parliament that he accepted the report and recognised that it identified areas where "we can do better". Last year, MI5 issued a rare security alert, warning members of parliament that a suspected Chinese spy was "involved in political interference activities" in Britain.

Persons: Hannah McKay, Sunak, Andrew MacAskill, Kylie MacLellan, Michael Holden, Christina Fincher Organizations: REUTERS, CAN, Intelligence, Security Committee, Thomson Locations: London, Britain, China, Beijing

Deutsche Bank logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsLONDON, Sept 14 (Reuters) - Deutsche Bank has partnered with Swiss crypto firm Taurus to provide custody services for institutional clients' cryptocurrencies and tokenised assets, Taurus said in a statement on Thursday. The partnership means Deutsche Bank will, for the first time, be able to hold a limited number of cryptocurrencies for its clients, as well as tokenised versions of traditional financial assets, a Deutsche Bank spokesperson said. Deutsche Bank said it aimed to offer crypto trading in a World Economic Forum paper back in 2020. Maley said Deutsche Bank is proceeding "cautiously and in line with the spirit and the letter of the regulations governing this asset class."

Persons: Dado Ruvic, Taurus, Crypto, Paul Maley, Maley, Elizabeth Howcroft, Christina Fincher Organizations: Deutsche Bank, REUTERS, Taurus, Standard Chartered, BNY Mellon, Societe Generale, Deutsche, Thomson Locations: Swiss, U.S

☆ Italy poised to shake up Treasury with new unit for state-run firms
▼ + stars: | 2023-09-14 | by ( Giuseppe Fonte | ) www.reuters.com time to read: +2 min

The audit court on Thursday approved the decree needed to set up the unit, the sources said, despite making critical observations about some aspects of it. Giorgetti has approached former banker Marcello Sala, currently director for investor relations at the Treasury, to lead the department, they added. Under the reorganisation plan, the influential Treasury department within the ministry led by veteran economist Riccardo Barbieri would be split into two units. The Treasury will continue to supervise public debt management, macroeconomic policies, European and international relations as well as financial regulation. ($1 = 0.9323 euros)Additional reporting by Valentina Za in Milan Editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Sala, Giancarlo Giorgetti, Giorgetti, Marcello Sala, Antonino Turicchi, Dario Scannapieco, Riccardo Barbieri, Valentina Za, Christina Fincher Organizations: Treasury, Economy, ITA Airways, Department, Thomson Locations: ROME, Italy, Siena, Milan

☆ Libya floods: what caused them and why are they so bad?
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +4 min

Aerial view of Derna city, in the aftermath of the floods in Derna, Libya September 14, 2023. After pummelling other Mediterranean countries, the powerful Storm Daniel swept into Libya at the weekend, unleashing record amounts of rain as it made landfall. The rain dumped by the storm filled a normally dry riverbed, or wadi, in the hills south of Derna. The pressure was too much for two dams built to protect the city from floods. He cited five floods since 1942, and called for immediate steps to ensure regular maintenance of the dams.

Persons: Ayman Al, Storm Daniel, hydrologist, Omar Al, Mukhtar, Abdulmenam Ghaithi, Hichem Abu Chkiouat, OCHA, Ghaithi, Muammar Gaddafi, Derna, Tom Perry, Christina Fincher Organizations: REUTERS, World Meteorological Organization, Mukhtar University, Infrastructure, Humanitarian Affairs, Reuters, International Federation of, Red Crescent Societies, United Arab, Rescuers, Derna, Thomson Locations: Derna, Libya, Libyan, Egypt, Tunisia, United Arab Emirates, Turkey, Qatar, Tripoli

☆ UAW president says union is still seeking big pay hikes
▼ + stars: | 2023-09-13 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

Sept 13 (Reuters) - United Auto Workers (UAW) President Shawn Fain said on Wednesday the union is still seeking significant pay hikes as talks continue with the Detroit Three automakers, a day before four-year labor deals are set to expire. Reuters reported late on Tuesday that the union may opt to strike at targeted auto plants if they fail to reach new contracts covering 146,000 U.S. auto workers. The UAW initially sought a 20% wage hike upon ratification and four annual 5% hikes, but had offered trim those hikes to around 36% in total, three sources told Reuters. Fain said the union was still seeking 40% hikes in total. Coordinated strikes would mark the first-ever simultaneous labor stoppage at all three Detroit automakers and one of the largest U.S. industrial labor actions in recent years.

Persons: Shawn Fain, Fain, We've, Stellantis, We’re, Joe Biden, Jared Bernstein, Biden, Bernstein, Liz Shuler, Shuler, Bernie Sanders, David Shepardson, Christina Fincher, Nick Zieminski Organizations: United Auto Workers, UAW, Detroit Three, ABC News, General Motors, Ford Motor, Chrysler, Reuters, GM, Detroit, Anderson Economic Group, AFL, CNBC, Ford, Thomson Locations: Michigan, United States, DETROIT

☆ UAW president says union still seeking big pay hikes
▼ + stars: | 2023-09-13 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

Sept 13 (Reuters) - United Auto Workers (UAW) union President Shawn Fain said on Wednesday the union is still seeking significant pay hikes as talks continue with the Detroit Big Three automakers, a day before four-year labor deals are set to expire. The UAW initially sought a 20% wage hike upon ratification and four annual 5% hikes, but had offered trim those hikes to around 36% in total, three sources told Reuters. Fain said the union was still seeking 40% hikes in total. Ford last week hiked its offer to a 10% wage hike and lump sum payments after offering a 9% wage increase through 2027 and 6% lump sum payments. Coordinated strikes would mark the first-ever simultaneous labor stoppage at all three Detroit automakers and one of the largest U.S. industrial labor actions in recent years.

Persons: Shawn Fain, Fain, We've, Bernie Sanders, Stellantis, David Shepardson, Christina Fincher, Nick Zieminski Organizations: United Auto Workers, UAW, Detroit Big, ABC News, GM, General Motors, Ford Motor, Chrysler, Reuters, Detroit, CNBC, Ford, Anderson Economic Group, Thomson Locations: Michigan

European stocks (.STOXX) fell as much as 0.5% in early trading, with rate-sensitive tech stocks (.SX8P) losing 0.8%. And the latest spike in oil prices to 10-month highs is unlikely to escape the Fed's attention. Fuelling worries over persistent inflation were oil prices, which firmed after hitting a 10-month peak a day earlier. ECB HIKE BETSThe euro was down 0.1% at $1.074, after nearing one-week highs on the Reuters story which was published late on Tuesday. "The leak raises the possibility of a hawkish hike which would be much more supportive for the EUR," said Steve Englander, global head of G10 FX research at Standard Chartered, referring to the Reuters report.

Persons: Androniki, Robert Alster, you'll, Steve Englander, Tom Wilson, Stella Qiu, Shri Navaratnam, Christina Fincher Organizations: Nikkei, REUTERS, Consumer, Index, Federal Reserve, Management, European Central Bank, Reuters, ECB, Nasdaq, Brent, U.S, West Texas, Markets, Standard Chartered, Thomson Locations: Tokyo, Japan, SYDNEY, Asia, Pacific, London, Sydney

☆ EV maker VinFast plans Asia expansion, to launch Indonesia plant in 2026
▼ + stars: | 2023-09-13 | by ( Phuong Nguyen | ) www.reuters.com time to read: +3 min

Of that, up to $200 million would be for its Indonesian plant, targeting production in 2026 with an output of 30,000 to 50,000 units each year. Since its establishment in 2017, VinFast has announced numerous ambitious EV growth plans overseas. VinFast aims to establish its own distributors and may open show rooms in those locations, it said. VinFast is entering the American market at a time when EV pricing is under pressure, led by market leader Tesla and a range of Chinese companies. Shares of Vietnam's largest conglomerate and VinFast parent Vingroup (VIC.HM) were down 0.33% as of 0635 GMT.

Persons: Mike Blake, Pham Nhat Vuong, EVs, VinFast, Tesla, Phuong Nguyen, Christina Fincher Organizations: Los Angeles Auto, REUTERS, Nasdaq, U.S . Securities, Exchange Commission, EV, Thomson Locations: Los Angeles , California, U.S, Indonesia, India, Malaysia, HANOI, Asia, VinFast, Indonesian, Southeast, Vietnamese, Haiphong, North Carolina, East, Africa, America, Europe

☆ Luxury cruise ship remains stuck in Greenland as tide fails to help
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

View of the Ocean Explorer, a luxury cruise ship carrying 206 people that ran aground, in Alpefjord, Greenland, September 12, 2023. Danish Air Force/Arctic Command/Handout via REUTERS Acquire Licensing RightsHELSINKI, Sept 13 (Reuters) - A luxury cruise ship carrying 206 people remained stuck in a remote Greenland location on Wednesday after running aground earlier this week, the vessel's operator and rescue services said. The Danish military's Joint Arctic Command (JAC) said Tuesday's tide had failed to lift the 104-metre (341-foot) Ocean Explorer enough to free it. Photos taken by a Danish air force plane on Tuesday showed the Ocean Explorer sitting upright in calm waters with the sun shining. The JAC said it remained in contact with nearby ships to see whether they would be able to help free the Ocean Explorer.

Persons: JAC, Aurora, Essi Lehto, Terje Solsvik, Christina Fincher Organizations: Danish Air Force, Arctic Command, REUTERS Acquire, Rights, Aurora Expeditions, Thomson Locations: Alpefjord, Greenland, Danish, Sydney, Greenland's, Nuuk, Denmark

☆ Morning Bid: CPI to set the tone
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +3 min

Core prices are forecast to have risen by a more acceptable 0.2% for a third straight month. That would take the annual rate down to 4.3%, the smallest year-on-year rise since September 2021. What makes these figures so interesting is the central bank is already in its quiet period before the Sept. 20 rate announcement, with traders overwhelmingly expecting the Fed to keep rates on hold. That updated projection is well above the central bank's 2% inflation target and above the 2.7% predicted by a Reuters poll of economists. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Samuel Indyk, Jerome Powell, Rhys Herbert, Christina Fincher Organizations: European Central Bank, Wednesday's, Reuters, Lloyds Bank, Wall, Apple, CPI, Treasury, Thomson Locations: U.S, Wednesday's U.S

☆ Magnitude 6.2 earthquake strikes Philippine Islands region -GFZ
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: 1 min

Sept 12 (Reuters) - An earthquake of magnitude 6.2 struck the Philippine islands region on Tuesday, the German Research Center for Geosciences (GFZ) said. The quake was at a depth of 31km (19.26 miles), GFZ said. The GFZ earlier said the quake had a magnitude of 6.8, with a depth of 10 km. Reporting by Gursimran Kaur in Bengaluru; editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: GFZ, Gursimran Kaur, Christina Fincher Organizations: German Research Center, Geosciences, Thomson Locations: Philippine, Bengaluru

☆ Exclusive: China's central bank to scrutinise bulk dollar purchases - sources
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +2 min

U.S. Dollar and Chinese Yuan banknotes are seen in this illustration taken January 30, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBEIJING/SHANGHAI, Sept 11 (Reuters) - China's central bank is tightening its scrutiny of bulk dollar purchases by domestic firms, three sources with direct knowledge of the matter said on Monday, at a time when the Chinese currency faces mounting depreciation pressure. The central bank has warned some lenders of their huge dollar purchases on behalf of their corporate clients, according one of the other sources. The PBOC had no immediate comment on plans to increase its scrutiny of dollar purchases when contacted by Reuters. Earlier this month, it announced it would increase the supply of dollars by lowering the amount of foreign exchange that banks must set aside.

Persons: Dado Ruvic, Christian Schmollinger, Christina Fincher Organizations: REUTERS, Rights, People's Bank of China, U.S, Reuters, Shanghai, Thomson Locations: Rights BEIJING, SHANGHAI, China, Beijing

What's more, recent history suggests that when funds go long dollars, they tend to stay long for a while. The latest Commodity Futures Trading Commission (CFTC) data shows that funds cut their net short dollar position to $7.17 billion, the smallest bet against the dollar since mid-June and a third of what it was six weeks ago. Reuters Image Acquire Licensing RightsA short position is essentially a wager an asset's price will fall, and a long position is a bet it will rise. That was followed by a year being net short dollars, nearly two years of being net long, before swinging back to being net long for over a year. CFTC data show that funds are still holding a substantial net short yen position worth around $8.2 bln.

Persons: Dado Ruvic, Ben Bernanke, Jamie McGeever, Christina Fincher Organizations: REUTERS, Rights, Futures Trading Commission, Fed, Reuters, Bank of, CFTC, European Central Bank, Thomson Locations: Rights ORLANDO , Florida, Japan, Bank of Japan, Germany

☆ Security raid on Chinese academic fuels concern over Australia-China exchanges
▼ + stars: | 2023-09-11 | by ( Kirsty Needham | ) www.reuters.com time to read: +3 min

The Chinese academic, who specialises in foreign affairs research at a Beijing university, had visited universities in three Australian states in July and August. The Guardian first reported on Monday that the man had his accommodation raided and his laptop taken by the Australian Security Intelligence Organisation and Australian Federal Police in Perth, and was told his visa was being assessed for security reasons. A high-level dialogue between Chinese and Australian academic, industry and media delegations resumed in Beijing on Thursday after a four-year halt. It included a Chinese scholar who had his Australian visa revoked in 2020 by ASIO, amid concern over foreign interference in politics. "Any Chinese academic with an interest in relations with Australia would surely be re-assessing travel plans fearing the same thing could happen to them.

Persons: Florence Lo, Anthony Albanese, James Laurenceson, Greg McCarthy, McCarthy, Albanese, Kirsty Needham, Christina Fincher Organizations: REUTERS, Rights, Guardian, Australian Security Intelligence Organisation, Australian Federal Police, Reuters, ASIO, China Relations Institute, University of Technology, University of Adelaide, Peking University, The Australian Federal Police, Thomson Locations: Australia, China, Western Australia, Beijing, Perth, Sydney, Canberra

☆ UK man, accused of spying for China in parliament, says he's innocent
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +3 min

[1/2] An Uber riverboat sails on the River Thames, with the Houses of Parliament seen behind in London, Britain, May 17, 2023. Deputy Prime Minister Oliver Dowden and the parliamentary speaker were due to raise the case, after several lawmakers called for not only an explanation but also tighter vetting procedures for those working in the House of Commons. The Sunday Times reported one of those arrested was a researcher in the British parliament. His alleged spying in parliament was raised by British Prime Minister Rishi Sunak at a meeting with Chinese Premier Li Qiang at the G20 summit in India on Sunday. "I think that's the central question that needs to be answered by the prime minister today."

Persons: Toby Melville, Oliver Dowden, Rishi Sunak, Premier Li Qiang, Birnberg Peirce, James, Sunak, Keir Starmer, Elizabeth Piper, Alistair Smout, Kylie MacLellan, Sachin Ravikumar, Christina Fincher, Peter Graff Organizations: REUTERS, London's Metropolitan Police, Sunday Times, Times, British, Premier, Chinese Communist Party, Labour, Thomson Locations: London, Britain, China, London's, India, Beijing

☆ Morning Bid: Japan jolt as inflation forks
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +5 min

A man walks past the headquarters of Bank of Japan in Tokyo, Japan, January 17, 2023. "If we judge that Japan can achieve its inflation target even after ending negative rates, we'll do so," Ueda said. The yen surged 1% against the dollar, knocking the U.S. currency back more generally (.DXY) on the foreign exchange markets. If Japan's does tighten further by yearend, it comes as the Federal Reserve and European Central Bank rate hike campaigns are coming to halt. News of an expected return of headline Chinese consumer price inflation to positive territory last month and above-forecast August lending data helped mainland shares (.CSI300) higher, with the yuan bouncing back from 16-year lows.

Persons: Issei Kato, Mike Dolan, Kazuo Ueda, Ueda, Alibaba, Daniel Zhang, Bank of England policymaker Catherine Mann, Christina Fincher Organizations: Bank of Japan, REUTERS, U.S, Tokyo Stock, Nikkei, Global, Treasury, yearend, Federal Reserve, European Central Bank, ECB, Fed, CPI, OpenAI, Wall Street, SoftBank Group, underwriters, Bank of England, Oracle, Graphics, Graphics Reuters, Thomson, Reuters Locations: Tokyo, Japan, U.S, Hong Kong, Ottawa

☆ China relaxes rules for insurers to invest in stock markets
▼ + stars: | 2023-09-10 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO-People walk past a screen displaying the Hang Seng stock index at Central district, in Hong Kong, China October 25, 2022. A lower risk weighting frees up more capital for insurers to invest. In addition, the watchdog reduced the risk weighting it assigns to investments in Real Estate Investment Trusts (REITs), which in China channel money mainly into infrastructure projects. It also set a relatively low risk weighting for private equity investments in China's strategic and emerging sectors. China has unveiled a slew of measures to boost investor confidence and revive its stock market.

Persons: Lam, Samuel Shen, Tian, Christina Fincher Organizations: REUTERS, Rights, National Administration of Financial, Real, Investment, Thomson Locations: Central, Hong Kong, China, Rights BEIJING, Shanghai, Beijing

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