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Barclays shareholders sue in U.S. over $17.6 bln debt sale blunder

By Jonathan Stempel NEW YORK, Sept 23 (Reuters) - Barclays Plc BARC.L was sued on Friday in a proposed U.S. class action in which shareholders claimed they were defrauded in connection with the British bank's sale of $17.6 billion more debt than regulators had allowed. A complaint filed in the U.S. District Court in Manhattan by two Florida pension plans seeks to hold Barclays responsible for declines in the prices of its American depositary receipts (ADR)as costs mounted over the blunder.
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Canada PM Trudeau Says Fiona Caused Significant Damage, Recovery Will Require 'Big Effort'

Sept 24 (Reuters) - Canadian Prime Minister Justin Trudeau tells reporters: * FIONA STORM CAUSED SIGNIFICANT DAMAGE AND RECOVERY WILL REQUIRE A 'BIG EFFORT' * GOVERNMENT IS READY TO SUPPORT PROVINCES WITH ANY NECESSARY RESOURCES, HAS APPROVED FEDERAL ASSISTANCE FOR NOVA SCOTIA * THE ARMED FORCES WILL BE DEPLOYED TO HELP WITH CLEAN UP Source text fo

China bond funds restrict inflows as investors pile in to take shelter

SHANGHAI, Sept 24 (Reuters) - A growing number of bond funds in China have suspended taking subscriptions or capped inflows, amid signs money is gushing into fixed income products as stocks wobble and banks cut deposit rates. On Friday alone, more than a dozen bond funds announced measures to restrict new purchases, according to fund managers' filings.

Germany's Scholz seeks to deepen energy partnership with Saudi Arabia

JEDDAH, Sept 24 (Reuters) - German Chancellor Olaf Scholz said on Saturday after a meeting with Saudi Arabia's Crown Prince Mohammed bin Salman that he wants to deepen the energy partnership between the two countries. Speaking to reporters, Scholz said that the partnership should go beyond fossil fuels to include hydrogen and renewable energies. Germany, until recently heavily dependent on Russia for gas, has been seeking to diversify its energy supply since Russia invaded Ukraine in February.

Air traffic controllers suspend strike in West and Central Africa

By Ngouda Dione DAKAR, Sept 24 (Reuters) - A 48-hour strike by air traffic controllers in West and Central Africa has been suspended, their union said on Saturday. The strike, which started on Friday, has disrupted flights across the region and left hundreds of passengers stranded at airports on Saturday. The Union of Air Traffic Controllers' Unions (USYCAA), which called the wildcat strike, said in a statement it decided to suspend its strike notice for 10 days immediately so as to allow for ne

ASECNA Air traffic controllers suspend strike in West and Central Africa

DAKAR, Sept 24 (Reuters) - A 48-hour strike by air traffic controllers of the Agency for Aerial Navigation Safety in Africa and Madagascar (ASECNA) has been suspended, the union that called the strike said in a statement on Saturday. Reporting by Alice Lawson and Diadie Ba; Writing by Bate Felix; Editing by David Clarke

Credit Suisse aims for stronger franchise from global review - memo

By Scott Murdoch HONG KONG, Sept 24 (Reuters) - Credit Suisse's CSGN.S top two executives have told staff the bank is working to establish a stronger franchise in the longer term, according to a memo seen by Reuters on Saturday, amid uncertainty over a global review of its operations. The memo sent by Chairman Axel Lehmann and Chief Executive Ulrich Koerner said a "heightened level of media and market speculation" regarding the review had raised questions among the bank's staff and clients.
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China bond funds restrict inflows as investors pile in to take shelter

SHANGHAI, Sept 24 (Reuters) - A growing number of bond funds in China have suspended taking subscriptions or capped inflows, amid signs money is gushing into fixed income products as stocks wobble and banks cut deposit rates. On Friday alone, more than a dozen bond funds announced measures to restrict new purchases, according to fund managers' filings.

Air traffic control strike disrupts flights across West Africa

DAKAR, Sept 24 (Reuters) - Dozens of flights were cancelled across West and Central Africa on Saturday as a strike by regional air traffic controllers entered a second day, leaving hundreds of passengers stranded at airports. The 48-hour strike was called by a union representing workers of the Agency for Aerial Navigation Safety in Africa and Madagascar (ASECNA), which regulates air-traffic control in 18 countries.

Inflation, spending cuts undermine Biden's hunger policy

By Christopher Walljasper CHICAGO, Sept 24 (Reuters) - Grace Melt made her first visit to the Nourishing Hope food pantry on Chicago's North Side in August. Throughout the COVID-19 pandemic, she used food stamps issued by the federal government to buy groceries while out of work for a knee injury. But this summer, the food stamps couldn't keep up with the grocery store's rising prices, sending her in search of a food donation for the first time.

QatarEnergy signs deal with TotalEnergies for North Field South Expansion

DOHA, Sept 24 (Reuters) - QatarEnergy signed a deal on Saturday with TotalEnergies TTEF.PA for the North Field South (NFS) expansion and its chief executive said more partnerships would be announced for the project later. QatarEnergy chief Saad al-Kaabi said TotalEnergies would have a 9.375% stake out of a 25% stake in NFS dedicated for international partners.

Storm Fiona ravages Canada's east coast causing 'terrifying' destruction

By Eric Martyn and John Morris STEPHENVILLE, Newfoundland, Sept 24 (Reuters) - Powerful storm Fiona ripped into eastern Canada on Saturday with hurricane-force winds, forcing evacuations, knocking down trees and powerlines, and reducing many homes on the coast to "just a pile of rubble in the ocean." The U.S. National Hurricane Center (NHC) said the center of the storm, downgraded to Post-Tropical Cyclone Fiona, was now in the Gulf of St.

UK market meltdown? Nothing to see here, Treasury minister says

LONDON, Sept 24 (Reuters) - Britain's deputy finance minister on Saturday played down a historic collapse in the pound and government bonds in response to the country's new economic growth plan, which sent international investors heading for the exit. The pound slumped 3.6% on Friday below $1.09, a new 37-year low against the dollar, while gilts suffered their worst day in decades as the market digested finance minister Kwasi Kwarteng's announcement of a borrowing-funded drive for growth.

Outflows under China's Bond Connect jump as U.S. dollar surges

SHANGHAI, Sept 24 (Reuters) - Chinese investors are boosting investment in offshore bonds as the U.S. dollar surges and U.S. interest rates rise sharply, latest data shows, deepening capital flow fears and adding pressure on the sinking yuan. China's outbound investment under the cross-border Bond Connect scheme totalled 301.5 billion yuan ($42.31 billion) at the end of August, up 34% from a month ago, the Shanghai Clearing House said late on Friday.

Canada braces for possibly historic storm in Hurricane Fiona

By Eric Martyn and Ismail Shakil HALIFAX, Nova Scotia, Sept 24 (Reuters) - Eastern Canada on Saturday braced for what could become one of the most severe storms in the country's history as Hurricane Fiona barreled toward Nova Scotia nearly a week after devastating parts of the Caribbean. Experts predicted high winds, storm surges and heavy rainfall from Fiona, which was expected to weaken from its Friday night status as a Category 3 hurricane but remain a hurricane-force cyclone as it moves acro

Typhoon lashes central Japan, killing two

TOKYO, Sept 24 (Reuters) - A typhoon lashed central Japan on Saturday with torrential rain and fierce winds, killing two and leaving tens of thousands of households without power, the Kyodo news agency reported. Shizuoka city, southwest of the capital, Tokyo, was hit especially hard, seeing a record 417 mm (16.42 inches) of precipitation since the rain started on Thursday, the Japan Meteorological Agency (JMA) said.

Typhoon lashes central Japan killing one

TOKYO, Sept 24 (Reuters) - A typhoon lashed central Japan on Saturday with torrential rain and fierce winds, triggering a landslide that killed one man, the Kyodo news agency reported. Some parts of the region southwest of the capital, Tokyo, got up to 200 mm (7.8 inches) of rain in the 24 hours up to Saturday morning, the Japan Meteorological Agency said.

Exxon halts activity at Texas oilfield site following worker fatality

By Liz Hampton and Sabrina Valle DENVER/HOUSTON, Sept 23 (Reuters) - Exxon Mobil XOM.N temporarily halted maintenance at an East Texas oil drilling facility after a fatality this week, which was at least the second death this year of a contractor at one of its Texas production sites. The incident occurred on Tuesday near Hawkins, about 110 miles east of Dallas.

Sierra Space weighs public offering to help fund space station, president says

By Joey Roulette PARIS, Sept 23 (Reuters) - Sierra Space, a subsidiary of private aerospace contractor Sierra Nevada Corp, may go public or pursue other funding options that would accelerate the company toward its goal of building a space station, company executives told Reuters. No private company has built a space station. Sierra is working with Jeff Bezos' Blue Origin to construct one, called Orbital Reef, in competition with other programs from companies such as Lockheed Martin and Axiom Spa
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U.S. tells Lula it plans to quickly recognize Brazil election winner, sources say

By Lisandra Paraguassu and Gabriel Stargardter BRASILIA/RIO DE JANEIRO, Sept 23 (Reuters) - U.S. diplomats have assured Brazil's leading presidential candidate, leftist former President Luiz Inacio Lula da Silva, that they will swiftly recognize the winner of next month's election, two sources told Reuters, seeking to avert any attempt to contest a legitimate result or sow chaos after the vote.

Barclays shareholders sue in U.S. over $17.6 bln debt sale blunder

By Jonathan Stempel NEW YORK, Sept 23 (Reuters) - Barclays Plc BARC.L was sued on Friday in a proposed U.S. class action in which shareholders claimed they were defrauded in connection with the British bank's sale of $17.6 billion more debt than regulators had allowed. A complaint filed in the U.S. District Court in Manhattan by two Florida pension plans seeks to hold Barclays responsible for declines in the prices of its American depositary receipts (ADR)as costs mounted over the blunder.
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