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Yen and euro under pressure ahead of central bank meetings

By Alun John HONG KONG, Oct 28 (Reuters) - The yen and euro were on the backfoot in early trading on Thursday as traders looked for possible catalysts from policy meetings by the Bank of Japan and European Central Bank. The dollar was steady against the yen JPY= at 113.8, not too far from its four year high of 114.69 hit October 20, while the euro

China planner met with coal producers to study profiteering standards

BEIJING, Oct 28 (Reuters) - China's state planner said on Thursday that it had met with coal producers and the sector's industry association on Wednesday to study standards and identify methods of profiteering. The announcement by the National Development and Reform Commission's (NDRC) comes a day after it said it had met with coal producers and th

Australia's central bank looking for more inflation, just not a "lot more"

SYDNEY, Oct 28 (Reuters) - A top Australian central banker on Thursday said monetary policy was set to generate higher inflation, though a "lot more" inflation would be problematic. Answering questions from a Senate committee, Reserve Bank of Australia (RBA) Deputy Governor Guy Debelle also said the economy looked to be recovering well now that man

Moody's Says For China's Banks, Decarbonization Will Grow Green Franchise And Credit Risks

Oct 27 (Reuters) - * MOODY'S - FOR CHINA'S BANKS, DECARBONIZATION WILL GROW GREEN FRANCHISE AND CREDIT RISKS Source text for Eikon: ID:nMDY9qWghk Further company coverage: [ ]

India's gold demand could jump in Q4 on festivals, pent-up purchases - WGC

By Rajendra Jadhav MUMBAI, Oct 28 (Reuters) - India's gold demand could strengthen significantly in the fourth quarter, the World Gold Council (WGC) said on Thursday, with a drop in global prices and the release of pent-up demand expected to lift jewellery sales during the peak festive season. Higher demand from the world's second-biggest gold cons

Australia's central bank declines to buy target bond even as yield spikes

* RBA skips chance to buy April 2024 target bond * Bond yield climbs to 0.3% vs target of 0.1% * Fuels market wagers on rate hike as early as May 2022 By Wayne Cole SYDNEY, Oct 28 (Reuters) - Australia's central bank on Thursday made no offer to buy a government bond that is the linchpin of its stimulus programme, sending yields far above target an

World should shut nearly 3,000 coal plants to keep on climate track -study

SHANGHAI, Oct 28 (Reuters) - The world will need to shut down nearly 3,000 coal-fired power plants before 2030 if it is to have a chance of keeping temperature rises within 1.5 Celsius, according to research by climate think tank TransitionZero. In a report published days before the U.N. COP26 climate change summit Link in Glasgow, TransitionZero s

Australia will not back EU, U.S.-led methane pledge

By Sonali Paul and Praveen Menon MELBOURNE/WELLINGTON, Oct 28 (Reuters) - Australia will not back a pledge, led by the European Union and the United States, to cut methane emissions by 30% by 2030 due to concerns about the impact on farming, coal and gas operations, the energy minister's spokesperson said on Thursday. However New Zealand, another m

Miners, energy firms pull Australia shares lower; ANZ gains on profit jump

Oct 28 (Reuters) - Australian shares dipped in early trade on Thursday, hurt by falls in energy and mining stocks on weak commodity prices, while the country's fourth-largest lender ANZ gained on robust annual profit. The S&P/ASX 200 index .AXJO shed as much as 0.4% to 7,416.3, before paring some losses to trade 0.1% lower closer to midday. The ind

Financial Times - Oct. 28

Oct 28 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - France sets deadline for UK in dispute over fishing rights Link - UK government to invest 1.7 bln stg in Sizewell C nuclear power station Link - Activist fund Third Point calls for br

Samsung says component supply issues to affect chip demand, profit hits 3-year high

By Joyce Lee and Heekyong Yang SEOUL, Oct 28 (Reuters) - Samsung Electronics Co Ltd 005930.KS said on Thursday it expects component shortages to affect chip demand from some customers in the current quarter, after reporting its highest quarterly profit in three years. The warning comes as producers of goods from televisions to cars have faced a hos

Japan's Sept retail sales decline for a second month

* Sept retail sales -0.6% yr/yr vs f'cast 2.3% drop * Data underscores fragile economic recovery * BOJ seen slashing growth forecast at rate review By Kantaro Komiya and Yoshifumi Takemoto TOKYO, Oct 28 (Reuters) - Japan's retail sales fell for a second month in September as consumers limited spending amid concerns over the coronavirus pandemic, re

Tokyo's Nikkei share average opens down 0.78 pct

TOKYO, Oct 28 (Reuters) - Japan's benchmark Nikkei average .N225 opened down 0.78 percent at 28,871.61 on Thursday, while the broader Topix .TOPX shed 0.62 percent at 2,001.35.

Air New Zealand suspends cash burn guidance, draws down loan

* Operating 40% of domestic market with Auckland locked down * Opening up will depend on reaching vaccination targets * Air New Zealand has access to NZ$1.5 bln debt facility from govt Oct 28 (Reuters) - Air New Zealand Ltd AIR.NZ said on Thursday it had suspended its cash burn guidance due to uncertainty about domestic COVID-19 alert levels and ha

Air New Zealand suspends cash burn guidance, draws down loan

Oct 28 (Reuters) - Air New Zealand Ltd AIR.NZ said on Thursday it had suspended its cash burn guidance due to uncertainty about domestic COVID-19 alert levels and had drawn down another NZ$105 million ($75.22 million) from a government debt facility. The airline said it was operating around 40% of its domestic network given tough travel restriction

Australia will not back led pledge to cut methane emissions

MELBOURNE, Oct 28 (Reuters) - Australia will not back a pledge, led by the European Union and the United States, to cut methane emissions by 30% amid concerns about the impact on farming, coal and gas operations, a spokesperson for Energy Minister Angus Taylor confirmed on Thursday. The United States and EU in September announced the effort in Sept

Japan's Shinsei outlines poison pill against SBI, offers 0.8 share

TOKYO, Oct 28 (Reuters) - Japan's Shinsei Bank is offering 0.8 share for each share held by investors other than SBI Holdings Inc 8473.T in a takeover defence against the rival's $1.1 billion tender offer bid, according to a filing with the Tokyo Stock Exchange on Thursday. Online financial conglomerate SBI is planning to buy up to 48% of Shinsei.

First reality check launched for corporate climate claims

* Science Based Targets initiative to sort through pledge chaos * Use of carbon offsets limited to maximum of 10% of emissions * Not all sectors covered by verification standard By Shadia Nasralla LONDON, Oct 28 (Reuters) - A U.N.-backed body launched a scheme to verify corporates' net zero strategies on Thursday that is likely to become a standard

El Salvador adds nearly $25 mln in bitcoin to state coffers, says president

SAN SALVADOR, Oct 27 (Reuters) - The Salvadoran government acquired 420 more bitcoin on Wednesday, President Nayib Bukele announced on social media, as the Central American doubled down on its splashy cryptocurrency experiment. The latest purchase of bitcoin, worth nearly $25 million at current prices, marks the first government acquisition of the

Brazil Financial Exchange Operator B3 Says Handed Fine Of 204 Million Reais By Tax Authority


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