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☆ 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

☆ Toyota revamps iconic Land Cruiser with hybrid version
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

[1/2] Toyota Motor Corp.'s new Land Cruiser is pictured at its unveiling event in Tokyo, Japan August 2, 2023, in this photo taken by Kyodo via REUTERSCompanies Toyota Motor Corp FollowTOKYO, Aug 2 (Reuters) - Toyota (7203.T) on Wednesday unveiled the first hybrid version of its Land Cruiser that it will bring to North America and other key markets as it seeks to put a high-margin and iconic sports utility vehicle back on the map. Land Cruiser models are relatively big cars that come with a higher profitability for Toyota, just as is the case for some other models such as its Alphard van, said Seiji Sugiura, an analyst at Tokai Tokyo Research Institute. The new Land Cruiser will become available in Japan in the first half of 2024, and come to the United States in the spring of that year, Toyota said, adding that suggested retail pricing in the United States will start in the mid-$50,000 range. Toyota said it will offer gasoline and diesel-powered versions of the new Land Cruiser in markets such as Western and Eastern Europe and the Middle East, and also bring a smaller Land Cruiser version to Japan in the winter. The Land Cruiser and the Lexus LX and GX, which are luxury SUVs, have together sold 11.3 million units as of the end of last month, Toyota said.

Persons: Hiroki Nakajima, Seiji Sugiura, Sugiura, Daniel Leussink, Simon Cameron, Moore Organizations: Toyota Motor Corp, Kyodo, REUTERS Companies Toyota Motor Corp, Toyota, Wednesday, Cruiser, North, Cruisers, Tokai Tokyo Research Institute, Lexus, Thomson Locations: Tokyo, Japan, North America, United States, Eastern Europe

☆ Russia strikes Ukraine's Danube port, driving up global grain prices
▼ + stars: | 2023-08-02 | by ( Pavel Polityuk | ) www.reuters.com time to read: +7 min

Kubrakov, writing on Facebook, said the Danube ports' infrastructure had been "devastated". "Ukrainian grain is indispensable for the world and cannot be replaced by any other country in the coming years," he wrote. "The port of Izmail suffered the most damage, including the terminal and infrastructure of the Danube Shipping Company." Russian state news agency RIA said the port and grain infrastructure hit was housing foreign mercenaries and military hardware. Seaport authority head Yuriy Lytvyn said on Facebook that repair work had already begun and the port infrastructure continued to operate.

Persons: Oleksandr Kubrakov, Volodymyr Zelenskiy, RIA, Oleh Kiper, Yuriy Lytvyn, Nina, PUTIN, Vladimir Putin, Tayyip Erdogan, West, Putin, Erdogan, Ukraine Bridget Brink, Russia's, Farhan Haq, Pavel Polityuk, Peter Graff, Hugh Lawson, Daniel Wallis, Michelle Nichols, Simon Cameron, Moore, Philippa Fletcher, Giles Elgood, Cynthia Osterman Organizations: NATO, Romania Kyiv, Ukraine's, Russia reimposed, Facebook, Danube Shipping Company, Reuters, REUTERS, United Nations, Kremlin, International, Court, TASS, U.S, Rih, Thomson Locations: Romania, Russia, Ukraine, Izmail, Africa, China, Israel, Moscow, NATO, Russian, Odesa, Turkey, Soviet, Tehran, Kerch, Crimea, Ports, Kharkiv, Kyiv, Kherson, Constanta

HONG KONG, Aug 1 (Reuters) - Shares of debt-laden Chinese property giant Country Garden (2007.HK) fell on Tuesday after it scrapped a share placement to raise $300 million, citing "internal considerations" though bookrunners said the sale was fully covered. Shares and bonds in Country Garden have come under pressure recently due to liquidity concerns, and investors were worried about further contagion in a sector that has already seen many firms default. Country Garden did not immediately respond to a request for comment. At 0220 GMT, shares of Country Garden were down 3.8% to HK$1.52, narrowing losses from 10.8% in early trading. Country Garden had nearly $4.9 billion of bond payments to make over the next 6 months, JP Morgan analysts said in a report last week.

Persons: bookrunners, JP Morgan, Morgan, Clare Jim, Scott Murdoch, Summer, Jacqueline Wong, Kim Coghill, Simon Cameron, Moore Organizations: HK, Mainland Properties, Reuters, Thomson Locations: HONG KONG, HK, Hang

☆ At least five killed in Hindu-Muslim clashes in India's Haryana state
▼ + stars: | 2023-08-01 | by ( Sakshi Dayal | ) www.reuters.com time to read: +2 min

NEW DELHI, Aug 1 (Reuters) - At least five people, including two police personnel, were killed in clashes between Hindus and Muslims in India's Haryana state, neighbouring capital New Delhi, on Monday, police officials told Reuters. The violence erupted when a Hindu religious procession passed through the Muslim dominated Nuh region, located around 50 kilometres away from New Delhi. He said two of the dead were members of the home guard, a voluntary force that helps police control civil disturbances. Another 10 police personnel were injured in the clashes, he added. "The guilty will not be spared at any cost, strictest action will be taken against them," he said.

Persons: Krishan Kumar, Manohar Lal Khattar, Sakshi Dayal, Simon Cameron, Moore Organizations: Reuters, Gurgaon Police, Twitter, Thomson Locations: DELHI, India's Haryana, New Delhi, Nuh, Gurugram, Gurgaon, Haryana

☆ Exclusive: China asks some banks to reduce or delay dollar buying to ease pressure on yuan -sources
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

SHANGHAI/BEIJING, Aug 1 (Reuters) - China's currency regulators have in recent weeks asked some commercial banks to reduce or delay their dollar purchases, two people with direct knowledge of the matter said. The informal instruction, or the so-called window guidance, was meant to slow the pace of yuan depreciation, the sources said. One source said the regulators were emphatic banks should hold off dollar purchases under their proprietary trading accounts. Chinese yuan has lost 3.6% against the U.S. dollar so far this year, hitting 7.16 per dollar on Tuesday to be one of Asia's worst performing currencies. Reporting by Shanghai and Beijing Newsrooms; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Simon Cameron, Moore Organizations: U.S, People's Bank of China, Reuters, State Administration of Foreign Exchange, Thomson Locations: SHANGHAI, BEIJING, Shanghai, Beijing

☆ Nearly half a million spoiled ballots in Cambodia election, poll body says
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

Hun Manet, son of Cambodia's Prime Minister Hun Sen is seen at a polling station on the day of Cambodia's general election, in Phnom Penh, Cambodia, July 23, 2023. REUTERS/Cindy Liu/File PhotoPHNOM PENH, Aug 1 (Reuters) - Cambodia's election commission said on Tuesday that nearly half a million ballots were spoiled in the national election last month, which critics have called a sham as all opposition parties were barred from contesting. About 440,000 ballots -- or every one in 18 -- were invalidated, the NEC said, adding the election had seen a high turnout of 85%. Authorities had threatened voters with heavy penalties if they spoiled ballots or boycotted the election or urged others to do so. Opposition figures and rights groups say Hun Sen has for years suppressed democratic institutions while cracking down on opponents and critics.

Persons: Hun Manet, Cambodia's, Hun Sen, Cindy Liu, Prak Chan Thul, Kanupriya Kapoor, Simon Cameron, Moore Organizations: REUTERS, Cambodian People Party, NEC, Authorities, Thomson Locations: Phnom Penh, Cambodia, PHNOM PENH

☆ Exclusive: China asks some banks to reduce or delay dollar buying -sources
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +5 min

One source said regulators were emphatic banks should hold off dollar purchases under their proprietary trading accounts due to the "recent yuan depreciation". "The yuan exchange rate expectations are stable, and the foreign exchange market has the foundation to meet authentic and compliant FX needs," SAFE said in response to a Reuters query. Keeping non-urgent dollar demand at bay could relieve some of the immediate pressure on the yuan, the sources said. But that excitement soon faded, as domestic and foreign investors said they would wait for substantive action before putting more money into China. There was also a seasonal factor too, as overseas-listed Chinese companies usually need more foreign exchange in the summer to pay dividends to shareholders.

Persons: China's, Ken Cheung, Alvin Tan, Tan, Goldman Sachs, Vidya Ranganathan, Simon Cameron, Moore Organizations: U.S ., People's Bank of China, State Administration of Foreign Exchange, Reuters, Mizuho Bank, Asia FX, RBC Capital Markets, Goldman, Overseas, Thomson Locations: SHANGHAI, BEIJING, Hong Kong, Asia, China, Shanghai, Beijing

[1/6] German tourist Kevin Khani and Austrian tourist Georg Riedlbaur use an automated translation window at the Seibu-Shinjuku station in Tokyo, Japan, July 26, 2023. REUTERS/Kim Kyung-Hoon/File photoTOKYO, July 31 (Reuters) - As Japan enjoys a post-pandemic resurgence in tourism from around the globe, Seibu Railway is testing out an automated translation window to help confused foreigners navigate one of Tokyo's most complex transportation hubs. Kevin Khani was among foreign travellers who got turned around in the Seibu-Shinjuku station recently and found the VoiceBiz window helpful. Across the road from the Seibu station is Shinjuku's central Japan Railway (JR) station, which is the busiest in the world, with some 3.6 million people passing through daily. Weary from a 1 a.m. flight arrival, French tourists Isabelle and Marc Rigaud used the translation window to try to find their way from the Seibu station to the JR station.

Persons: Kevin Khani, Georg Riedlbaur, Kim Kyung, Harry Potter, Ayano Yajima, Toppan, Isabelle, Marc Rigaud, Tom Bateman, Rocky Swift, Simon Cameron, Moore Organizations: Seibu, REUTERS, Japan, Seibu Railway, Seibu Holdings, Kansai International, Japan Railway, Thomson Locations: Shinjuku, Tokyo, Japan, TOKYO, United States, Europe, Seibu, Alibaba

HONG KONG/NEW YORK, July 31 (Reuters) - For all the excitement whipped up in China's markets by the Politburo last week, foreign investors say policymakers' words will have to be matched by substantive action to clean up an ailing property sector before confidence recovers. "The question is what resources they will deploy, because China is still very focused on de-leveraging and preventing financial risks." Absolutely, and urgently," said Qi Wang, the chief investment officer (CIO) of MegaTrust Investment (HK), a boutique China fund manager specializing in domestic Chinese A-shares. Mark Dong, general manager of Minority Asset Management, based in Hong Kong, has reduced his exposure to the property sector. The safest bets in the sector, he said, had come down to state-owned companies such as China Resources Land (1109.HK) and Poly Property (0119.HK).

Persons: Tara Hariharan, Qi Wang, Wang, Mark Dong, Bo Zhuang, Loomis, Weng, Rob Hinchliffe, Hinchliffe, Mei Leong, Xie Yu, Georgina Lee, Shen Yiming, Jason Xue, Ankur Banerjee, Tom Westbrook, Vidya Ranganathan, Simon Cameron, Moore Organizations: HONG KONG, MegaTrust Investment, Asset Management, Loomis Sayles Investments, Eastspring Investments, PineBridge Investments, China Evergrande Group, HK, China Resources, Poly Property, Thomson Locations: HONG, China, Hong Kong, Loomis Sayles Investments Asia, Shanghai, New York, Singapore

☆ Exclusive: BYD tells India partner it wants to drop $1 billion EV investment plan, sources say
▼ + stars: | 2023-07-28 | by ( Sarita Chaganti Singh | ) www.reuters.com time to read: +4 min

BYD executives told Megha Engineering last week that the battery and EV maker wanted to drop pursuit of the investment, according to the two people with knowledge of that exchange. BYD, China's largest EV maker, declined to comment on the status of its investment proposal and whether it would pull the plan to produce electric cars in India. Megha Engineering did not respond to request to comment. A final decision on whether to approve BYD's investment proposal would be taken by Indian ministries of trade and heavy industries. In 2013 it started building electric buses in India with Megha Engineering, under a joint venture company called Olectra Greentech (OLEC.NS).

Persons: BYD, Megha, Aditi Shah, Zoey Zhang, Kevin Krolicki, Simon Cameron, Moore Organizations: Reuters, Megha Engineering, Engineering, automaker Tata Motors, Thomson Locations: DELHI, India, New Delhi, Hyderabad, China, Shanghai

☆ Effects of climate change increasing in Asia, WMO says
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +1 min

[1/2] A view shows submerged building amid flood water, following rains and floods during the monsoon season in Talti town in Sehwan, Pakistan September 15, 2022. REUTERS/Akhtar Soomro/File PhotoGENEVA, July 27 (Reuters) - Extreme weather events ranging from droughts to large-scale floods and other effects of climate change are on the rise in Asia and bound to affect food security and the continent's ecosystems, the World Meteorological Organization said. In a report published on Thursday, WMO said Asia was the world's most disaster-impacted region, with 81 weather, climate and water-related disasters recorded last year, the majority of which were floods and storms. The WMO report also highlighted that most glaciers the High-Mountain Asia region had loss significant mass as a result of warm and dry conditions in 2022. "This will have major implications for future food and water security and ecosystems," said WMO Secretary-General Petteri Taalas.

Persons: Akhtar Soomro, Petteri Taalas, Gabrielle Tétrault, Farber, Simon Cameron, Moore Organizations: REUTERS, World Meteorological Organization, WMO, Thomson Locations: Talti, Sehwan, Pakistan, GENEVA, Asia, China

☆ Russia-Africa summit to discuss Moscow's grain and fertiliser exports - RIA
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +1 min

July 25 (Reuters) - Russia and nations taking part in this week's Russia-Africa summit will discuss Moscow's grain and fertilisers exports, Oleg Ozerov, ambassador at large at the Russian foreign ministry, told the state RIA news agency in remarks published on Tuesday. Last week, Russia withdrew from the year-long Black Sea grain deal that ensured the safe export of Ukrainian grains, saying that Russia's conditions for the extension of the deal had been ignored. The U.N-brokered grain deal had allowed Ukraine to export grain from its Black Sea ports, despite the war, to alleviate a global food crisis. This week, President Vladimir Putin said Moscow can replace Ukrainian grain both commercially and free of charge. On Monday, UN Secretary-General Antonio Guterres called on Russia on Monday to return to the Black Sea grain deal.

Persons: Oleg Ozerov, Ozerov, Vladimir Putin, Antonio Guterres, Lidia Kelly, Simon Cameron, Moore Organizations: Russian Federation, UN, Thomson Locations: Russia, Africa, St . Petersburg, Moscow, Ukraine, Melbourne

SEOUL, July 25 (Reuters) - Tourists should expect far stricter supervision if visits to the border between North and South Korea resume, analysts said, after U.S. soldier Travis King used an organised tour to get close enough to dash across to North Korea last week. The U.S.-led United Nations Command (UNC), which oversees the area, has indefinitely suspended all JSA tours after King's unauthorised crossing. Not all DMZ tours stop at the JSA, which is the only spot where visitors can step up to and even briefly over the border into the North. Visiting JSA is free of charge for South Korean nationals, but the tour King was on started at $180, according to a Tripadvisor listing. King's case would be the first successful border crossing by a JSA tourist ever, Zwetsloot said.

Persons: Travis King, King, Andrew Harrison, I've, Jacco Zwetsloot, Zwetsloot, we'll, Lim Eul, Banning, Lim, Harrison, Soo, hyang Choi, Josh Smith, Simon Cameron, Moore Organizations: U.S . Army, Joint Security Area, United Nations Command, UNC, JSA, NK, South, North, Kyungnam University, Thomson Locations: SEOUL, North, South Korea, Korea, Panmunjom, Washington, The U.S, Seoul

☆ Russia launches sixth air attack on Kyiv in July - Ukraine's military
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +1 min

July 25 (Reuters) - Russia launched its sixth air attack this month on Kyiv early on Tuesday, the military administration of the Ukrainian capital said, with air raid alerts blaring for more than three hours over the city and east half of the country. Russia attacked Kyiv with Iranian-made Shahed drones, and based on preliminary information all the drones were downed by Ukraine's air defence systems, Serhiy Popko, head of Kyiv's military administration, said on the Telegram messaging app. Air raid sirens wailed for more than three hours across most of Ukraine's east from about 1:40 a.m. (2240 GMT), the country's Air Force said. At 5:30 a.m. the Air Force said on its Telegram channel that there was a fresh threat of attacks on Ukraine's east and southeast regions using ballistic weapons and issued air raid warnings for those areas. Reporting by Lidia Kelly in Melbourne; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Serhiy Popko, Lidia Kelly, Simon Cameron, Moore Organizations: Reuters, country's Air Force, Air Force, Thomson Locations: Russia, Iranian, Melbourne

☆ Russia accuses Ukraine of 'terrorism' after drone strike near Moscow army HQ
▼ + stars: | 2023-07-24 | by ( Andrew Osborn | ) www.reuters.com time to read: +4 min

The drone attack, though not serious in terms of its human cost or damage, was the most high-profile of its kind since two drones reached the Kremlin in May. [1/5]A member of the security services investigates the damaged building following a reported drone attack in Moscow, Russia, July 24. Russian Foreign Ministry spokeswoman Maria Zakharova told the RTVI TV channel Ukraine was guilty of what she called "an act of international terrorism." Citing emergency services, Russian state news agencies reported that drone fragments had been found near a building on Komsomolsky Avenue, which runs through Moscow. After May's drone attack on the Kremlin, U.S. drone experts concluded they might have been launched from inside Russia.

Persons: Nobody, Volodymyr Zelenskiy, Maxim Shemetov, Mykhailo Fedorov, Fedorov, Maria Zakharova, Sergei Sobyanin, Andrew Osborn, Lidia Kelly, Simon Cameron, Moore, David Holmes, Bernadette Baum Organizations: Defence Ministry, Defence, Russian, Reuters, Kremlin, Russian Defence Ministry, Odesa, REUTERS, ACT, Foreign Ministry, Moscow, Thomson Locations: Russia, Moscow, Ukraine, MOSCOW, Crimea, Russian, Ukrainian, U.S, Melbourne

☆ Russian ammunition depot hit during Ukrainian drone attack in Crimea - official
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +2 min

July 24 (Reuters) - An ammunition depot was hit during a Ukrainian drone attack on Dzhankoi in Crimea early on Monday, with Russian air defence forces shooting down or electronically jamming 11 drones over the area, a Russian-installed official said. It was not immediately clear whether the ammunition depot was directly hit by a drone or if it was damaged by falling drone debris. Ukrainian officials have long said the city and surrounding areas have been turned into Moscow's largest military base in Crimea. On Saturday, Aksyonov said a drone caused an explosion at an ammunition depot in central Crimea, prompting authorities to evacuate nearby people and briefly suspend road traffic on the bridge linking the peninsula to Russia. Ukraine did claim that incident, saying its army had destroyed an oil depot and Russian army warehouses.

Persons: Sergei Aksyonov, Aksyonov, Lidia Kelly, Mark Trevelyan, Simon Cameron, Moore Organizations: Reuters, Thomson Locations: Ukrainian, Dzhankoi, Crimea, Russian, Crimean, Moscow, Ukraine, Russia, Melbourne, London

☆ UN Command talking to North Korea about US soldier Travis King
▼ + stars: | 2023-07-24 | by ( Hyunsu Yim | ) www.reuters.com time to read: +3 min

SEOUL, July 24 (Reuters) - The United Nations Command and North Korea have begun discussing the case of Travis King, the U.S. soldier who crossed into the North last week, the deputy commander of the U.S.-led command that oversees the Korean War truce said on Monday. King, a U.S. Army private serving in South Korea, sprinted into North Korea on July 18 while on a tour of the Demilitarized Zone on the inter-Korean border, landing Washington in a fresh diplomatic quandary with the nuclear-armed North. Last week, North Korea conducted ballistic missile tests hours after a U.S. nuclear-armed ballistic missile submarine arrived at a South Korean port. North Korea is banned under U.N. Security Council resolutions from using ballistic missile technology, which Pyongyang defiantly rejects. Late last week, North Korea warned that deployment of U.S. aircraft carriers, bombers or missile submarines in South Korea could meet criteria for its use of nuclear weapons.

Persons: Travis King, General Andrew Harrison, Harrison, King, Hyunsu Yim, Jack Kim, Ed Davies, Simon Cameron, Moore Organizations: United Nations Command, U.S . Army, UNC, North, British Army, Korean People's Army, ., Joint Security Area, People, U.S, Thomson Locations: SEOUL, North Korea, U.S, South Korea, Washington, Korean, Pyongyang, Fort Bliss , Texas

☆ Russia says it thwarts Ukrainian drone attack on Moscow
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +2 min

July 24 (Reuters) - Two Ukraine-launched drones attacked Moscow early on Monday, but were intercepted and destroyed, Russia's defence ministry said. State news agencies reported that drone fragments were found 2 kilometres (1.2 miles) away from the ministry's buildings. Calling it a "terrorist attack," the defence ministry said on its Telegram messaging app that there were no casualties in the attack. Neither the defence ministry nor the mayor said where the drones were intercepted. Russia's defence ministry television channel Zvezda published a short video on its Telegram channel showing a high-rise building with missing windows on top floors and damaged structure.

Persons: Sergei Sobyanin, Lidia Kelly, Kim Coghill, Simon Cameron, Moore Organizations: Zvezda, Russian Telegram, Thomson Locations: Ukraine, Moscow, State, Moscow's, Russia's, Kyiv, Russia, Melbourne

☆ Rare submarine visit reminds North Korea of U.S. nuclear missiles out of sight, in range
▼ + stars: | 2023-07-21 | by ( Josh Smith | ) www.reuters.com time to read: +4 min

SEOUL, July 21 (Reuters) - When a U.S. ballistic missile submarine (SSBN) surfaced for a rare visit to South Korea this week it was a blunt reminder that Washington always has nuclear-tipped missiles deployed within close striking distance of North Korea, analysts said. “Placing nuclear weapons offshore and on submarines is actually a stronger deterrent in many ways,” said Duyeon Kim of the Center for a New American Security. SSBNs anywhere from the U.S. West coast westward can strike targets in North Korea,” Van Diepen said. For now, a missile submarine would only marginally supplement the North's burgeoning land-based nuclear force, Van Diepen said. "De-facto nuclear sharing between the United States and South Korea is happening," said Choi Il, a retired South Korean submarine captain.

Persons: ”, Duyeon Kim, Vann Van Diepen, ” Van Diepen, Van Diepen, Choi Il, Josh Smith, Simon Cameron, Moore Organizations: Center, New, New American Security, The U.S ., U.S, Thomson Locations: SEOUL, U.S, South Korea, Washington, North Korea, New American, USS Kentucky Ohio, South, Busan, United States, China, The, An Ohio, West, ”, Korea, South Korean

☆ Asia shares slip as China casts a pall, dollar's slide abates
▼ + stars: | 2023-07-18 | by ( Selena Li | ) www.reuters.com time to read: +3 min

[1/2] FILE PHOTO-People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. Investors are waiting for clearer signs that inflation is cooling, with the readings on U.S. retail sales and industrial production to be released later on Tuesday. Economists reckon retail sales in June will show a 0.5% rise from May, strong enough to keep the soft landing scenario without rekindling worries about inflation. The Fed, European Central Bank and Bank of Japan are holding policy reviews next week. The U.S. dollar index dipped slightly to 99.71 in Asia trade, having struck its lowest since April 2022 on Friday.

Persons: Lam, Morgan Stanley, Goldman Sachs, Gary Ng, Ng, Brent, Selena Li, Simon Cameron, Moore, Sam Holmes Organizations: Hong Kong Exchanges, REUTERS, Federal, Bank of America, Natixis Corporate, Investment Bank, The, European Central Bank and Bank of Japan, Japan's Nikkei, ECB, Fed, Bank of England, U.S, Bank of Japan, Thomson Locations: Hong Kong, China, HONG KONG, Asia, Pacific, Japan

☆ Asia shares slip further as China casts a pall, dollar's slide abates
▼ + stars: | 2023-07-18 | by ( Selena Li | ) www.reuters.com time to read: +3 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) slipped 0.63% in the morning session. Investors are waiting for stronger signs of inflation cooling, with the readings on U.S. retail sales and U.S. industrial production to be released later on Tuesday. Economists reckon retail sales in June will show a 0.5% rise from May. The U.S. Federal Reserve, European Central Bank and Bank of Japan are holding policy reviews next week. A possible divergence of U.S. Federal Reserve and European Central Bank on rate hikes has recently caused dollar to weaken.

Persons: Gary Ng, Ng, Brent, Selena Li, Simon Cameron, Moore Organizations: Natixis Corporate, Investment Bank, The U.S . Federal Reserve, European Central Bank and Bank of Japan, Japan's Nikkei, . Federal Reserve, European Central Bank, Fed, Bank of England, Bank of Japan, U.S, Thomson Locations: HONG KONG, Asia, Pacific, Japan, Hong Kong, China

[1/4] A firefighter tries to extinguish a wildfire burning near the village of Pournari, Greece, July 18, 2023. The blaze raged in the area of Dervenochoria about 30 km (18.6 miles) north of Athens. Fire fighters managed to contain other blazes southeast and west of the Greek capital but the fronts were still active. A mayor told Greek television that more than 7,000 acres of land was reduced to ashes along a coast, where many Athenians have holiday homes. Greece still has memories of a wildfire disaster in 2018, when a blaze killed 101 people in the seaside town of Mati, east of Athens.

Persons: Ioannis Artopoios, Janez Lenarcic, Kyriakos, Giorgos Nikolaou, Angeliki Koutantou, Stelios Misinas, Lefteris Papadimas, Simon Cameron, Moore, Sharon Singleton Organizations: REUTERS, Union, Greek Fire Service, Fire, Canadair, EU Crisis, Thomson Locations: Pournari, Greece, DERVENOCHORIA, Athens, Dervenochoria, France, Italy, Brussels, America, Kouvaras, Anavyssos, Lagonissi, Loutraki, Mati

[1/2] Rescuers work at the site of an apartment building damaged during Russian missile strikes, amid Russia’s attack on Ukraine, in Kyiv, Ukraine June 24, 2023. Most western countries including the U.S., United Kingdom, Germany and France had pushed for a firm condemnation of Russia and the war in Ukraine, whereas Russia and its friend China had opposed any such move, the official added. The gathering in the western state of Gujarat was the G20's third finance track meeting under India's presidency. India has not been able to forge a joint statement in any of the key tracks since it took over the presidency of G20 last December. Reporting by Shivangi Acharya and Sarita Chaganti Singh; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: China, Janet Yellen, Shivangi Acharya, Sarita Chaganti Singh, Simon Cameron, Moore Organizations: Russian, REUTERS, Indian, Reuters, United Nations, Treasury, Thomson Locations: Ukraine, Kyiv, Valentyn, GANDHINAGAR, India, Russia, Gandhinagar, U.S, United Kingdom, Germany, France, Gujarat, Bengaluru

☆ US working with India on platform to speed energy transition - Yellen
▼ + stars: | 2023-07-17 | by ( Aftab Ahmed | ) www.reuters.com time to read: +2 min

[1/3] U.S. Treasury Secretary Janet Yellen addresses the media, along with Indian Finance Minister Nirmala Sitharaman, on the sidelines of a G20 meeting at Gandhinagar, India, July 17, 2023. REUTERS/Amit DaveGANDHINAGAR, India, July 17 (Reuters) - The United States is working with India to develop an investment platform to lower the cost of capital and increase private investment to fast-track India's energy transition, U.S. Treasury Secretary Janet Yellen said on Monday. The visit is Yellen's third to India this year, indicating the growing closeness between the two countries. Australia and Japan are hoping to make progress during the G20 meeting on the global minimum tax. Yellen will visit Vietnam after the G20 finance meetings end on July 18.

Persons: Janet Yellen, Nirmala Sitharaman, Amit Dave GANDHINAGAR, Yellen, Sitharaman, Narendra Modi's, Swati Bhat, Shilpa Jamkhandikar, Christian Schmollinger, Lincoln, Simon Cameron, Moore Organizations: . Treasury, Indian Finance, REUTERS, Treasury, Thomson Locations: Gandhinagar, India, United States, U.S, Gujarat, Washington, Australia, Japan, Vietnam

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