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☆ Indomitable one-limbed Spaniard wins third track world, next target Paris
▼ + stars: | 2023-08-08 | by ( Martyn Herman | ) www.reuters.com time to read: +3 min

On Monday, at the age of 47, he won his third para track cycling world title, obliterating the rest of the field in the C1 scratch race, averaging 44kph over 60 circuits of the Chris Hoy Velodrome in Glasgow. Ten, who hails from Valencia, is writing a second chapter to a remarkable tale of sporting endeavour in the face of adversity. Before taking up cycling, he was already a three-time Paralympic gold medallist in swimming having made his debut at Atlanta in 1996 and owns three world titles in para swimming. You need to use different muscles but it didn't take much effort to swap from swimming pool to the bike." Ten, who took years to recover from his injuries, has used a specially designed bike since switching seven years ago.

Persons: Spain's Ricardo Ten Argiles, Chris Hoy, Neil Fachie, Matt Rotherham, Thomas Ulbricht, Robert Forstemann, Martyn Herman, Christopher Cushing Organizations: GLASGOW, Chris Hoy Velodrome, Atlanta, Paralympic, Reuters, UCI, Thomson Locations: Glasgow, Valencia

☆ Morning Bid: Germany to kick off CPI mega-run
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +3 min

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 1, 2023. Still, investors' focal point for the week is the U.S. consumer price index amid recent goldilocks data and remarks from Fed Chair Jerome Powell that's given strength to the economic soft-landing narrative. Fed officials continue to emerge from their silence this week after hiking rates another 25 basis points at their last meeting. Investors betting the Fed has reached the end of rate increases will have another chance to gauge their theory when Philadelphia Fed President Harker and Richmond Fed President Barkin speak on Tuesday. Their remarks will be top of investor watchlists after mixed messages about the future rate path from New York Fed President John Williams and Fed Governor Michelle Bowman on Monday.

Persons: Brigid Riley Germany, Jerome Powell that's, Harker, Barkin, John Williams, Michelle Bowman, Fed's Harker, Brigid Riley, Christopher Cushing Organizations: REUTERS, Staff, Federal Reserve, Central Bank's, Philadelphia Fed, Richmond Fed, New York Fed, Bank of Japan, CPI, Hungary CPI, Bayer, InterContinental Hotels, Thomson Locations: Frankfurt, Germany, China, United States, U.S, Richmond, New, Asia, Hungary

☆ Jamaica and Colombia to battle on the pitch after partying at nightclub
▼ + stars: | 2023-08-07 | by ( Ian Ransom | ) www.reuters.com time to read: +2 min

MELBOURNE, Aug 7 (Reuters) - Spreading joy on and off the pitch at the Women's World Cup, Jamaica and Colombia will battle for a quarter-final place on Tuesday after partying with each other at a Sydney nightclub. Both teams have impressed with their football on the way to the last 16, thrilling legions of festive supporters at their matches. At the bottom was Colombia partying. And at the top, it was Jamaica," said the Reggae Girlz' coach Lorne Donaldson. "I mean, we played some good teams, France and Brazil -- two of the top teams in the world.

Persons: Lorne Donaldson, Linda Caicedo, Donaldson, Allyson Swaby, Ian Ransom, Christopher Cushing Organizations: MELBOURNE, Colombia, Panama, Thomson Locations: Jamaica, Colombia, Sydney, Australia, France, Panama, Brazil, Melbourne, Colombian

☆ Exclusive: Credit Suisse to cut 80% of Hong Kong investment bank jobs from this week
▼ + stars: | 2023-08-07 | by ( Selena Li | ) www.reuters.com time to read: +2 min

A pedestrian walks past a logo of Credit Suisse outside its office building in Hong Kong, China March 21, 2023. Hong Kong accounts for Credit Suisse's biggest share of investment bankers in Asia. It has since said it would reduce risk in Credit Suisse's investment banking operation. UBS laid off employees from Credit Suisse's investment bank in New York last week, Reuters reported, citing a source familiar with the situation. Besides Hong Kong, other regional markets in which Credit Suisse has investment bankers include China, Singapore, Vietnam, Australia, South Korea, Thailand and India.

Persons: Lam, HONG KONG, Christian Deiss, Deiss, Selena Li, Julie Zhu, Sumeet Chatterjee, Christopher Cushing Organizations: Credit Suisse, REUTERS, UBS Group, Credit Suisse's, Asia . Credit Suisse, UBS, Credit, Reuters, Thomson Locations: Hong Kong, China, HONG, Asia ., Swiss, New York, Houston, Asia, Singapore, Vietnam, Australia, South Korea, Thailand, India, Credit Suisse's Asia, Pacific

☆ SoftBank seen returning to profit as tech stocks gain
▼ + stars: | 2023-08-07 | by ( Anton Bridge | ) www.reuters.com time to read: +3 min

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. SoftBank is set to post net profit of 75 billion yen ($525 million) for April-June, showed the average of four analyst estimates compiled by Refinitiv. "Public valuations in tech are trending up again and I would expect private valuations to follow suit," said Bulk. Recent activity by SoftBank includes its creation of a joint venture to build automated warehouses and investment in insurance tech company Tractable. "SoftBank mandated Arm to reinvest all of its profit to enter new markets," New Street Research's Bulk said.

Persons: Issei Kato TOKYO, Masayoshi Son, Rolf Bulk, Refinitiv, Macquarie, Paul Golding, Anton Bridge, Sam Nussey, Christopher Cushing Organizations: SoftBank, REUTERS, Vision Fund, Alibaba, HK, New, Research, Vision, Analysts, Nvidia, Thomson Locations: Tokyo, Japan

☆ Teenager Guzman to join Colombia's youth push at World Cup
▼ + stars: | 2023-08-07 | by ( Ian Ransom | ) www.reuters.com time to read: +3 min

With Caicedo up forward, Guzman will give Colombia a second teenage threat, the pair set to combine in a third World Cup in 12 months after playing in the under-17 and under-20 tournaments last year. "To be with Linda is something extremely special for me," Guzman, 18, told reporters at Melbourne Rectangular Stadium on Monday. After failing to qualify for France in 2019, Colombia have already matched their World Cup best, a last 16 appearance at the 2015 tournament in Canada. Colombia made the quarter-finals of the under-20 World Cup in Costa Rica and were runners-up at the under-17 tournament in India, losing to Spain in the decider. "We've been stimulating their growth so that they can be who they are currently on this world stage of football."

Persons: Germany's Sara Doorsoun REUTERS, Asanka Brendon Ratnayake, Linda Caicedo, Ana Maria Guzman, Guzman, Manuela Vanegas, Linda, Nelson Abadia, Caicedo, Abadia, Colombia's, Ian Ransom, Christopher Cushing Organizations: Soccer Football, FIFA, Jamaica, Brazil, Coffee Growers, Spain, Germany, Colombian, Morocco, South, Thomson Locations: New Zealand, Germany, Morocco, Melbourne, Australia, Colombia, France, Canada, American, Costa Rica, India, South Korea, Jamaica

HUNTINGTON BEACH, California, Aug 3 (Reuters) - Electric vehicle (EV) maker Fisker Inc (FSR.N) unveiled a pickup truck on Thursday, weeks after starting deliveries of its flagship sport utility vehicle (SUV) and as it tackles persistent supply chain issues. Fisker aims to make a mark in the crowded EV market with lower-priced vehicles that still have high-design sensibility. Fisker said Alaska, reservations for which opened on Thursday, would be built on the same platform as its Ocean SUV. Fisker, which uses contract manufacturing for its vehicles, aims to keep cost of production as well as vehicle prices low. While the Ocean SUV starts at $37,499, its smaller Pear SUV, which was also unveiled on Thursday, is priced at $29,990.

Persons: Henrik Fisker, Fisker, Tesla, We're, Lisa Baertlein, Abhirup Roy, Christopher Cushing Organizations: Fisker Inc, Reuters, Ford, Thomson Locations: HUNTINGTON BEACH , California, Alaska, Huntington Beach , California, Huntington Beach, San Francisco

☆ 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

Visitors gather at Applied Materials and Micron Technology kiosks before the start of 'SemiconIndia 2023', India's annual semiconductor conference, in Gandhinagar, India, July 25, 2023. REUTERS/Amit DaveNEW DELHI, Aug 4 (Reuters) - Applied Materials (AMAT.O) wants its suppliers from Europe, Japan and elsewhere to set up operations in India, as the semiconductor toolmaker works to expand the local supply chain, its India head told Reuters. Applied Materials does not manufacture in India - and has no plans to - but having suppliers based locally will help its new engineering centre speed up technology development and testing. Such investment creates opportunities for Applied Materials, the world's biggest maker of tools used in manufacturing chips. Applied Materials started its India operations in 2002 and has about 7,500 employees in the country working in product development, software and other business operations.

Persons: Amit Dave NEW DELHI, Srinivas Satya, Narendra Modi's, Satya, Modi, Gary Dickerson, Munsif, Acharya, Sumit Khanna, Aditya Kalra, Christopher Cushing Organizations: Materials, Micron Technology, REUTERS, Reuters, U.S, Applied Materials, Devices, Micron, Applied, Thomson Locations: Gandhinagar, India, Europe, Japan, Bengaluru, Applied Materials India, South Korea, U.S, Gujarat, Washington, New Delhi

☆ Brazil's Ambev Q2 net profit falls 15%, misses estimates
▼ + stars: | 2023-08-03 | by ( Natalia Siniawski | ) www.reuters.com time to read: +2 min

REUTERS/Paulo WhitakerAug 3 (Reuters) - Brazilian brewer Ambev (ABEV3.SA) on Thursday reported a 15.2% decline in second-quarter net profit, narrowly missing market forecasts. The subsidiary of Belgium's Anheuser-Busch InBev (ABI.BR) posted profit of 2.60 billion reais ($540.34 million), below the 2.68 billion reais average estimate of analysts polled by Refinitiv. Revenue rose 20% from the same period a year earlier to 18.9 billion reais, as cost pressures continued to ease but missing the 19.80 billion reais consensus view. Earnings before interest, tax, depreciation and amortization (EBITDA) grew in all business units, though sales volume declined 2.2%. "Our top-line performance remained resilient and cost pressures continued to decelerate leading to bottom-line growth," CEO Jean Jereissati said in a statement.

Persons: Paulo Whitaker, Ambev, Jean Jereissati, Itau, Natalia Siniawski, Jane Merriman, Christopher Cushing, Tomasz Janowski Organizations: Bebidas, REUTERS, Belgium's Anheuser, Busch InBev, Refinitiv, Petrobras, PETR4, Thomson Locations: Companhia, Fortaleza, Brazil, Central America, Caribbean, Panama, Dominican Republic, Vale, VALE3

☆ Colombia's central bank cuts 2023 forecasts for inflation, growth
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Luisa GonzalezBOGOTA, Aug 2 (Reuters) - The technical team of Colombia's central bank on Wednesday lowered its outlook for inflation in 2023 to 9%, from 9.5% previously, and cut its forecast growth for Latin America's fourth-largest economy to 0.9%. The technical team previously forecast Colombia's economic growth at 1% for this year. Colombia's 12-month inflation through June 30 hit 12.13%, slightly below the 12.2% expected by analysts who were consulted for a Reuters poll. The technical team forecast that inflation would end 2024 at 3.5%, close to the bank's long-term target of 3%, but above a previous forecast of 3.4%. The current economic context suggests the board should maintain a contractive stance on monetary policy to bring inflation towards the target, the report added.

Persons: Luisa Gonzalez BOGOTA, Ricardo Bonilla, Gustavo Petro, Nelson Bocanegra, Oliver Griffin, Leslie Adler, Christopher Cushing Organizations: REUTERS, Thomson Locations: Bogota, Colombia

☆ 'Zelda' sales breakout juices Nintendo's aging Switch
▼ + stars: | 2023-08-03 | by ( Sam Nussey | ) www.reuters.com time to read: +3 min

Attendees use a Nintendo Switch game console while playing a video game at the Paris Games Week (PGW), a trade fair for video games in Paris, France, October 29, 2019. Nintendo said it sold 18.51 million units of "Tears of the Kingdom" in the first quarter. The results underscore Nintendo's success in extending the life of the aging Switch system, which has sold almost 130 million units, and using its roster of popular characters to boost revenue beyond the core gaming business. The Kyoto-based gaming firm maintained its full-year forecast for the console of 15 million units, which would be a 16.5% decline on a year earlier. First-quarter operating profit leapt 82% on a year earlier to 185.4 billion yen with sales of first-party software at record highs.

Persons: Benoit Tessier, Mario, Zelda, Serkan Toto, Shuntaro Furukawa, Pikachu, Sam Nussey, Christopher Cushing Organizations: Nintendo, Paris Games, REUTERS, Mario Bros, Kantan, Thomson Locations: Paris, France, TOKYO, Kyoto

☆ Murray wins first match in Washington since tearful 2018 appearance
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +2 min

[1/5] Aug 2, 2023; Washington, D.C., USA; Andy Murray (GBR) reacts after a point against Brandon Nakashima (USA) (not pictured) on day five of the Mubadala Citi DC Open at Fitzgerald Tennis Stadium. Mandatory Credit: Geoff Burke-USA TODAY SportsAug 3 (Reuters) - Three-times Grand Slam champion Andy Murray showed he is still relishing competition at the elite level after battling to his first victory at the Washington Open since his tearful pullout ahead of the 2018 quarter-finals due to exhaustion. I was in a terrible place," said Murray, who had further surgery on his troublesome hip in 2019 and has since resurrected his career. "I wasn't able to enjoy the wins, because I couldn't sleep in the evenings after matches because of my hip and everything. World number 44 Murray, who lost his Wimbledon second-round match to Stefanos Tsitsipas in five sets last month, is gearing up for the U.S. Open which begins on Aug. 28.

Persons: Andy Murray, Brandon Nakashima, Geoff Burke, Taylor Fritz, Murray, Marius Copil, Scot, It's, Stefanos, Shrivathsa Sridhar, Christopher Cushing Organizations: D.C, Citi DC, Fitzgerald Tennis, USA, Washington, Wimbledon, U.S ., Thomson Locations: Washington, USA, Bengaluru

Sales of Tesla's (TSLA.O) China-made vehicles fell 31% in July from June, data from China Passenger Car Association (CPCA) showed on Thursday, marking its first month-on-month decline since December, when it struggled with rising inventories. Tesla sold 64,285 China-made EVs in July, up 128% from 28,217 a year earlier when a scheduled upgrade to its Shanghai factory curbed production. Meanwhile BYD (002594.SZ), with its Dynasty and Ocean series of EVs and petrol-electric hybrid vehicles, said it posted a 61% year-on-year rise in July sales to 261,105 passenger vehicles, including 18,169 which were exported. CPCA is set to publish full data for July later this month, with sales of new energy passenger vehicles in China estimated to reach 750,000. Still, BYD outsold Tesla China by 29% in EV sales in the first half while its lower-priced Dolphin EV outsold Tesla's Model 3, which is expected to be revamped in September.

Persons: Tesla, BYD, Xpeng, Qiaoyi Li, Zhang Yan, Brenda Goh, Christopher Cushing, Kim Coghill, Alexander Smith Organizations: Tesla, China Passenger Car Association, General Motors, Volkswagen, EV, Authorities, Thomson Locations: BEIJING, SHANGHAI, China, Shanghai

☆ Tesla's China-made EV sales in July down 31% mth/mth
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

Visitors wearing face masks check a China-made Tesla Model Y sport utility vehicle (SUV) at the electric vehicle maker's showroom in Beijing, China January 5, 2021. REUTERS/Tingshu Wang/File PhotoBEIJING, Aug 3 (Reuters) - U.S. automaker Tesla (TSLA.O) sold 64,285 China-made electric vehicles (EVs) in July, down 31% from a month earlier, data from the China Passenger Car Association (CPCA) showed on Thursday. Sales of China-made Model 3 and Model Y cars were up 128% from 28,217 a year earlier when a scheduled upgrade to Tesla's Shanghai factory lowered production. Chinese rival BYD (002594.SZ), with its Dynasty and Ocean series of EVs and petrol-electric hybrid vehicles, posted a 61% year-on-year rise in July sales to 261,105 passenger vehicles, including 18,169 exported. Reporting by Qiaoyi Li, Zhang Yan and Brenda Goh; editing by Christopher Cushing and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Tingshu Wang, Tesla, BYD, Qiaoyi Li, Zhang Yan, Brenda Goh, Christopher Cushing, Jason Neely Organizations: REUTERS, U.S, China Passenger Car Association, of, Thomson Locations: China, Beijing, BEIJING, of China, Shanghai

Russia remained the top supplier to China, with pipeline and seaborne arrivals of 2.04 million bpd in July, which was down from June's 2.56 million bpd. However, it was still enough to exceed imports from Saudi Arabia, which Refinitiv estimated at 1.82 million bpd in July, down from 1.94 million bpd in June. It's also worth noting that much of the strength in China's crude imports is because of massive inflows into commercial or strategic storages. India's refiners continue to gorge on discounted Russian crude, with arrivals in July estimated at an all-time high of 2.08 million bpd. Japan's July oil imports are estimated at 2.49 million bpd, up from June's 2.11 million bpd, while South Korea's are put at 2.76 million bpd, up from 2.53 million bpd in June.

Persons: Amit Dave LAUNCESTON, It's, China doesn't, India's refiners, Brent, Clyde Russell, Christopher Cushing Organizations: REUTERS, Refinitiv Oil Research, Brent, OPEC, Reuters, Thomson Locations: Vadinar, Gujarat, India, Australia, China, Asia, Russia, June's, Saudi Arabia, OPEC, Angola, Oman, East, Iraq, Moscow, South, North Asia

☆ Klopp complains about Saudi transfer deadline, dismisses Mbappe links
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

The Premier League's transfer window closes on Sept. 1, the deadline for most of Europe's top leagues, but Saudi Pro League clubs can sign players until Sept. 20. Liverpool have already seen three of their key players move to Saudi clubs, including skipper Jordan Henderson and fellow midfielder Fabinho while striker Roberto Firmino moved on a free transfer. "The influence of Saudi Arabia is massive at the moment," Klopp told reporters on Tuesday, a day before their pre-season friendly against Bayern Munich in Singapore. "Pretty much the worst thing I think is that the transfer window in Saudi Arabia is open three weeks longer. Mbappe has also been linked with a world record move to Saudi Arabia, but media reports said he rejected the idea of playing in the Gulf kingdom as he eyes a transfer to Real Madrid.

Persons: Juergen Klopp, Jordan Henderson, Fabinho, Roberto Firmino, Klopp, Ballon, Karim Benzema, N'Golo Kante, Nassr, Cristiano Ronaldo, Frenchman, Mbappe, I've, Rohith Nair, Muralikumar Anantharaman, Christopher Cushing Organizations: FIFA, Liverpool, Saudi Pro League, Bayern Munich, UEFA, World, Al, Paris St Germain, Real Madrid, Sky Germany, Thomson Locations: Saudi, Saudi Arabia, Singapore, Europe, Qatar, Portugal, Bengaluru

☆ Costa Rica prosecutor opens case into president for 'influence peddling'
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +1 min

Costa Rica's President Rodrigo Chaves Robles attends the session "Leadership for Latin America" during the World Economic Forum (WEF) 2023 in Davos, Switzerland, January 18, 2023. REUTERS/Arnd Wiegmann/File PhotoSAN JOSE, Aug 1 (Reuters) - Costa Rica's top prosecutor has opened a case against President Rodrigo Chaves and various other government officials for allegations of "influence peddling," the Attorney General's office confirmed on Tuesday. The Attorney General's office said it could not comment further because the case was in a preliminary "private" stage. It is the prosecutor's second investigation involving Chaves in less than a month, following a July 17 probe over an alleged abuse of power. Reporting by Alvaro Murillo, Writing by Isabel Woodford; Editing by Valentine Hilaire and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: Costa, Rodrigo Chaves Robles, Arnd, Costa Rica's, Rodrigo Chaves, Leonel Baruch, Chaves, Alvaro Murillo, Isabel Woodford, Valentine Hilaire, Christopher Cushing Organizations: Economic, REUTERS, JOSE, Agence France, Presse, Thomson Locations: America, Davos, Switzerland, AFP

☆ FTX's Bankman-Fried, seeking to avoid jail, denies witness tampering
▼ + stars: | 2023-08-02 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +2 min

Indicted FTX founder Sam Bankman-Fried leaves the United States Courthouse in New York City, U.S., July 26, 2023. REUTERS/Amr AlfikyNEW YORK, Aug 1 (Reuters) - Sam Bankman-Fried, the indicted founder of the bankrupt FTX cryptocurrency exchange, on Tuesday said he never sought to intimidate witnesses at his scheduled October fraud trial, and there is no reason to jail him. "Mr. Bankman-Fried's contact with the New York Times reporter was not an attempt to intimidate Ms. Ellison or taint the jury pool," his lawyer, Mark Cohen, wrote in the letter. Kaplan barred Bankman-Fried from speaking about the case and asked both sides to submit written arguments about possible jail. Prosecutors may respond to Bankman-Fried's letter by Thursday.

Persons: Sam Bankman, Fried, Amr, District Judge Lewis Kaplan, Caroline Ellison, Bankman, Ms, Ellison, Mark Cohen, Palo, Kaplan, Laurence Tribe, Luc Cohen, Christopher Cushing Organizations: United, REUTERS, District, New York Times, Alameda Research, U.S, Harvard University, Metropolitan Detention, Thomson Locations: New York City, U.S, Manhattan, Palo Alto , California, Brooklyn, New York

'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File PhotoNEW DELHI, Aug 2 (Reuters) - Social media platform X has sought to quash an Indian court decision that found it non-compliant with content removal orders, arguing the ruling could embolden the government to block more content. X, formerly known as Twitter, in July 2022 sought to overturn some government orders to remove content from its platform, without specifying which. A court in June 2023 quashed that request and imposed a fine of 5 million rupees ($60,560). ($1 = 82.5625 Indian rupees)Reporting by Aditya Kalra and Arpan Chaturvedi in New Delhi and Munsif Vengattil in Bengaluru; Editing by Jacqueline Wong and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlos Barria, Elon Musk, Aditya Kalra, Arpan Chaturvedi, Jacqueline Wong, Christopher Cushing Organizations: REUTERS, Poovayya, Thomson Locations: San Francisco , California, U.S, New Delhi, Bengaluru

☆ Marcelo in tears at horror injury for Sanchez
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +1 min

Aug 1 (Reuters) - Fluminense's former Brazil international Marcelo was sent off in tears after his lunge at Luciano Sanchez during a Copa Libertadores match in Buenos Aires left the Argentinos Jrs defender with a horrific injury on Tuesday. Marcelo was dribbling past Sanchez when his leading foot went past the ball and caught the Argentine high on the shin with force. The Argentinos player's leg buckled underneath him at a shocking angle, leaving him lying in agony on the pitch. "Today I had a very difficult moment on the pitch," Marcelo posted on Instagram. "Fluminense FC expresses its solidarity and wishes a speedy recovery to Argentinos Juniors defender Luciano Sanchez, who was injured in an accidental move in tonight's match," it read.

Persons: Marcelo, Luciano Sanchez, Sanchez, Argentinos, Diego Armando Maradona, Angelica Medina, Christopher Cushing, Jamie Freed Organizations: Brazil, Copa Libertadores, Argentinos, Argentine, Brazilian, Fluminense FC, Argentinos Juniors, Thomson Locations: Buenos Aires, Mexico City

☆ Hugo Boss stays strong in tough China, U.S. markets
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

[1/2] Hugo Boss store is seen in Polanco in Mexico City, Mexico May 20, 2017. Its business in EMEA and the Americas benefited from a pick-up in tourism, Hugo Boss said, while currency-adjusted revenue in China increased 56% from a year earlier, making the Asia-Pacific region the strongest for the company. The company expects its annual sales to grow 12% to 15% and reach 4.1 billion to 4.2 billion euros, compared with its previous forecast for about 10% growth to 4 billion euros. Hugo Boss forecasts its 2023 operating profit to grow 20% to 25% to a level of 400 million to 420 million euros, versus its prior range of 10% to 20%. Shares of Hugo Boss were seen up 0.7% in early Frankfurt trade.

Persons: Hugo Boss, Henry Romero, Hugo, JP Morgan, Linda Pasquini, Milla Nissi, Christopher Cushing Organizations: REUTERS, U.S, Group, Thomson Locations: Polanco, Mexico City, Mexico, China, Asia, EMEA, Americas, Pacific, Frankfurt, Gdansk

☆ India flaunt bench strength with ODI series win in Windies
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

India entered the three-match series with their eyes on the bigger picture, which includes the Asia Cup and the home World Cup in October-November. It did not really matter at the Brian Lara Stadium in Trinidad where India racked up 351-5 after being put into bat. They then returned to bundle out West Indies for 151 in 35.3 overs with only Alick Athanaze (32) and Gudakesh Motie, who made 39 not out, offering some resistance. After Mukesh Kumar (3-30) wrecked the West Indies top order, Shardul Thakur (4-37) hollowed out the bottom half as India registered their 13th consecutive ODI series win against West Indies. West Indies captain Shai Hope said the target was not beyond their reach but they lacked consistency.

Persons: India's Virat Kohli, Ishan Kishan, Peter Cziborra, Skipper Rohit Sharma, Virat Kohli, Brian Lara, Shubman Gill, Sanju Samson, Hardik Pandya, Gudakesh Motie, Mukesh Kumar, Shardul Thakur, Pandya, Shai Hope, Amlan Chakraborty, Christopher Cushing Organizations: Cricket, ICC, Asia Cup, Asia, West Indies, West, Thomson Locations: London, Britain, West Indies, India, Bridgetown, Trinidad, Indies, New Delhi

☆ Major global firms warn of slow China sales as post-pandemic surge fades
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +4 min

Aug 2 (Reuters) - From consumer goods giant Unilever (ULVR.L) to automaker Nissan (7201.T) and machinery maker Caterpillar (CAT.N), global firms have warned of slowing earnings in China as the world's second-largest economy loses its post-pandemic bounce. A continued rebound has been limited to a handful of sectors such as dining and luxury goods, driving double-digit China sales growth for the likes of Starbucks (SBUX.O) and LVMH (LVMH.PA). Volkswagen (VOWG_p.DE) cut its full-year sales target last week due to a sales dip in China, its top market. "Unfortunately, our (China) sales outlook is now falling far below our production capacity," Nissan CEO Makoto Uchida said last week. "We mentioned during our last earnings call that we expected sales in China to be below the typical 5% to 10% of our enterprise sales.

Persons: Graeme Pitkethly, we're, Makoto Uchida, Jim Umpleby, Jacob Stausholm, Louis Vuitton, Tiffany, Jean, Jacques Guiony, Mimosa Spencer, Sophie Yu, Brenda Goh, Richa Naidu, Melanie Burton, Daniel Leussink, Victoria Waldersee, Miranda Murray, Rishav Chatterjee, Deborah Sophia, Ananya Mariam Rajesh, Yuvraj Malik, Miyoung Kim, Christopher Cushing Organizations: Unilever, Nissan, Caterpillar, Starbucks, Procter, Gamble, L'Oreal, Global, Volkswagen, Samsung, SK Hynix, Apple, Rio Tinto, Tinto, Yum, HK, KFC, Kailyn, Thomson Locations: China, KS, Rio, Yum China, Kailyn Rhone, New York, Paris, Beijing, Shanghai, London, Melbourne, Tokyo, Victoria, Berlin, Bengaluru

☆ Indonesia pauses some Australian cattle imports after cows found with LSD
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +1 min

SYDNEY, July 31 (Reuters) - Indonesia has paused live cattle imports from four Australian facilities after lumpy skin disease (LSD) was detected in a small number of cattle some time after arrival, the Australian government said. Australia is free of LSD and cattle exports to Indonesia continues from other facilities, Watt said. Given the presence of LSD in Indonesia, positive results in cattle after reaching Indonesia were not unexpected, Australia's Chief Veterinary Officer Mark Schipp said. Indonesia is the largest market for Australian live cattle exports, accounting for about 56% in 2021–22, data showed, worth about A$900 million ($600 million). ($1 = 1.5020 Australian dollars)Reporting by Renju Jose in Sydney; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: Murray Watt, Watt, Mark Schipp, Renju Jose, Christopher Cushing Organizations: SYDNEY, Australia, Thomson Locations: Indonesia, Australia, Sydney

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