People's Bank of China USD/CNY reference rate is due around 0115 GMT.

The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a "band," around a central reference rate, or "midpoint." It's currently at +/- 2%.

How the process works:

• Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against a basket of currencies, primarily the US dollar. The central bank takes into account factors such as market supply and demand, economic indicators, and international currency market fluctuations. The midpoint serves as a reference point for that day's trading.
• The trading band: The PBOC allows the yuan to move within a specified range around the midpoint. The trading band is set at +/- 2%, meaning the yuan could appreciate or depreciate by a maximum of 2% from the midpoint during a single trading day. This range is subject to change by the PBOC based on economic conditions and policy objectives.
• Intervention: If the yuan's value approaches the limit of the trading band or experiences excessive volatility, the PBOC may intervene in the foreign exchange market by buying or selling the yuan to stabilize its value. This helps maintain a controlled and gradual adjustment of the currency's value.

Yesterday the People's Bank of China propped up the yuan at this setting:

• PBoC promised stronger damping to support CNY, and that's what are seeing

I suspect we'll see similar support for the yuan again today.

US concerned by Russia-North Korea ties and technology exchanges  Reuters

Exclusive: US scrutinizes Russia accounts UBS took over from Credit Suisse, sources say  ReutersView Full Coverage on Google News

1. Republicans inch closer to US House majority, full control of Congress  Reuters
2. Republicans 2 seats away from House majority, giving Trump leeway to implement agenda  Fox News
3. State of Congress: Republicans near formal House majority  POLITICO

[International] :
U.S. Republican presidential nominee Donald Trump is reportedly heading to the Palm Beach County Convention Center in Florida to address his supporters at an election night rally. That is according to Reuters on Wednesday, citing an unnamed official from the former president’s election camp. Trump, ...

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A publication used one of my images without license - Booo; they gave me credit for it - Yay; and Reuters?!?

People's Bank of China USD/CNY reference rate is due around 0115 GMT.

The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a "band," around a central reference rate, or "midpoint." It's currently at +/- 2%.

How the process works:

• Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against a basket of currencies, primarily the US dollar. The central bank takes into account factors such as market supply and demand, economic indicators, and international currency market fluctuations. The midpoint serves as a reference point for that day's trading.
• The trading band: The PBOC allows the yuan to move within a specified range around the midpoint. The trading band is set at +/- 2%, meaning the yuan could appreciate or depreciate by a maximum of 2% from the midpoint during a single trading day. This range is subject to change by the PBOC based on economic conditions and policy objectives.
• Intervention: If the yuan's value approaches the limit of the trading band or experiences excessive volatility, the PBOC may intervene in the foreign exchange market by buying or selling the yuan to stabilize its value. This helps maintain a controlled and gradual adjustment of the currency's value.

Earlier:

• ICYMI - PBOC Governor warned on yuan slide, will 'guard against risk of overshoot'

People's Bank of China USD/CNY reference rate is due around 0115 GMT.

The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a "band," around a central reference rate, or "midpoint." It's currently at +/- 2%.

How the process works:

• Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against a basket of currencies, primarily the US dollar. The central bank takes into account factors such as market supply and demand, economic indicators, and international currency market fluctuations. The midpoint serves as a reference point for that day's trading.
• The trading band: The PBOC allows the yuan to move within a specified range around the midpoint. The trading band is set at +/- 2%, meaning the yuan could appreciate or depreciate by a maximum of 2% from the midpoint during a single trading day. This range is subject to change by the PBOC based on economic conditions and policy objectives.
• Intervention: If the yuan's value approaches the limit of the trading band or experiences excessive volatility, the PBOC may intervene in the foreign exchange market by buying or selling the yuan to stabilize its value. This helps maintain a controlled and gradual adjustment of the currency's value.

Earlier re China:

• Green shoots in China? Excavator sales grew 15% in October
• It's not a pretty picture in China

The Thomson Reuters Foundation, the corporate charity of the world’s biggest news and information providers, is teaming up with the UN Food and Agriculture Organization (FAO) to improve [...]

Abuja, Nigeria — The Nigerian military welcomed a report by a human rights group that found “no evidence” the military secretly carried out thousands of illegal abortions as part of its fight against Islamist insurgency. The Reuters news agency says it stands by its three reports in 2022 which lodged the allegations.  In a statement over the weekend, Nigerian Defense Chief General Christopher Musa praised the report by the seven-member investigative panel set up by the National Human Rights Commission of Nigeria.  Musa said no amount of false accusations will distract the armed forces from defending Nigeria's integrity.  On Friday, the Nigerian investigative panel said it found “no evidence” that the Nigerian military secretly carried out illegal abortions or had such a policy in its operations against terror groups.   The panel's probe lasted 18 months and was based on 199 testimonies from witnesses including Musa, who was leading the counterinsurgency campaign at the time.  In December 2022, Reuters news agency published three reports alleging that the Nigerian military ran a mass abortion program for victims of the long-running Boko Haram insurgency and massacred children in the northeast.  The report alleged that the military had carried out more than 10,000 abortions since 2013.  "The panel made its findings meticulously on each of the issues," said Hillary Ogbonna, secretary to the investigative panel. "For the abortion assault, the panel did not find evidence that the Nigerian armed forces committed a systematic, secret or policy-driven abortion in the northeast to the tune of 10,000 abortions."  The committee, however, agreed with a Reuters report alleging the military committed human rights violations, including infanticide, during a military operation in June 2016.  "The panel found the military culpable of infanticide and the killing of community members in the village of Abisare in Borno State. We've received witness testimonies including those of the survivors and relations of the deceased," Ogbonna said.  Responding to the panel's report, Reuters said it stands by its investigation, stating that it satisfied their standards for independence, accuracy and impartiality.  On Monday, a Nigerian human rights group, Women Concerns, called on Reuters to withdraw the report and apologize to the Nigerian military.  But security analyst Chidi Omeje said when there's disagreement between two parties, an independent committee can be set up to review the reports.  "I don't know how the human rights commission went about the investigation. I really cannot say whether it was a thorough job done or whether there was some influence somewhere. Maybe some other independent organizations should be able to wade in," Omeje said. "I know that [the] human rights commission, even though I'm not trying to doubt their integrity, it has some allegiance to the government because it's a government agency."  Years of military offensives against terror groups in Nigeria have been embroiled in allegations of human rights violations. Soldiers have been accused of mistreating civilians and carrying out extrajudicial killings.  "It tells you how it is very difficult to maintain or stick to that professionalism if you're dealing with this kind of asymmetric warfare. Sometimes it is difficult to distinguish who the adversaries are," Omeje said.  Recently, the military launched a public relations campaign, seeking to repair its reputation.

A Washington Post report said clicking a link on X to one of the affected websites resulted in a delay of about five seconds before the webpage loaded

By Ned Parker and Jonathan Landay

WASHINGTON (Reuters) - U.S. President Donald Trump’s son-in-law and close adviser, Jared Kushner, had at least three previously undisclosed contacts with the Russian ambassador to the United States during and after the 2016 presidential campaign, seven current and former U.S. officials told Reuters.

    Those contacts included two phone calls between April and November last year, two of the sources said. By early this year, Kushner had become a focus of the FBI investigation into whether there was any collusion between the Trump campaign and the Kremlin, said two other sources - one current and one former law enforcement official.

Kushner initially had come to the attention of FBI investigators last year as they began scrutinizing former national security adviser Michael Flynn’s connections with Russian officials, the two sources said.

    While the FBI is investigating Kushner’s contacts with Russia, he is not currently a target of that investigation, the current law enforcement official said.

The new information about the two calls as well as other details uncovered by Reuters shed light on when and why Kushner first attracted FBI attention and show that his contacts with Russian envoy Sergei Kislyak were more extensive than the White House has acknowledged.

    NBC News reported on Thursday that Kushner was under scrutiny by the FBI, in the first sign that the investigation, which began last July, has reached the president’s inner circle.  

    The FBI declined to comment, while the Russian embassy said it was policy not to comment on individual diplomatic contacts. The White House did not respond to a request for comment.

Multiple attempts to obtain comment from Kushner or his representatives were unsuccessful.

In March, the White House said that Kushner and Flynn had met Kislyak at Trump Tower in December to establish “a line of communication.” Kislyak also attended a Trump campaign speech in Washington in April 2016 that Kushner attended. The White House did not acknowledge any other contacts between Kushner and Russian officials.

BACK CHANNEL

Before the election, Kislyak’s undisclosed discussions with Kushner and Flynn focused on fighting terrorism and improving U.S.-Russian economic relations, six of the sources said. Former President Barack Obama imposed sanctions on Russia after it seized Crimea and started supporting separatists in eastern Ukraine in 2014.

After the Nov. 8 election, Kushner and Flynn also discussed with Kislyak the idea of creating a back channel between Trump and Russian President Vladimir Putin that could have bypassed diplomats and intelligence agencies, two of the sources said. Reuters was unable to determine how those discussions were conducted or exactly when they took place.

Reuters was first to report last week that a proposal for a back channel was discussed between Flynn and Kislyak as Trump prepared to take office. The Washington Post was first to report on Friday that Kushner participated in that conversation.

Separately, there were at least 18 undisclosed calls and emails between Trump associates and Kremlin-linked people in the seven months before the Nov. 8 presidential election, including six calls with Kislyak, sources told Reuters earlier this month. . Two people familiar with those 18 contacts said Flynn and Kushner were among the Trump associates who spoke to the ambassador by telephone. Reuters previously reported only Flynn’s involvement in those discussions.

Six of the sources said there were multiple contacts between Kushner and Kislyak but declined to give details beyond the two phone calls between April and November and the post-election conversation about setting up a back channel. It is also not clear whether Kushner engaged with Kislyak on his own or with other Trump aides.

HOW KUSHNER CAME UNDER SCRUTINY

    FBI scrutiny of Kushner began when intelligence reports of Flynn’s contacts with Russians included mentions of U.S. citizens, whose names were redacted because of U.S. privacy laws. This prompted investigators to ask U.S. intelligence agencies to reveal the names of the Americans, the current U.S. law enforcement official said.

Kushner’s was one of the names that was revealed, the official said, prompting a closer look at the president’s son-in-law’s dealings with Kislyak and other Russians.

    FBI investigators are examining whether Russians suggested to Kushner or other Trump aides that relaxing economic sanctions would allow Russian banks to offer financing to people with ties to Trump, said the current U.S. law enforcement official.

    The head of Russian state-owned Vnesheconombank, Sergei Nikolaevich Gorkov, a trained intelligence officer whom Putin appointed, met Kushner at Trump Tower in December. The bank is under U.S. sanctions and was implicated in a 2015 espionage case in which one of its New York executives pleaded guilty to spying and was jailed.

The bank said in a statement in March that it had met with Kushner along with other representatives of U.S. banks and business as part of preparing a new corporate strategy.

    Officials familiar with intelligence on contacts between the Russians and Trump advisers said that so far they have not seen evidence of any wrongdoing or collusion between the Trump camp and the Kremlin.  Moreover, they said, nothing found so far indicates that Trump authorized, or was even aware of, the contacts.

    There may not have been anything improper about the contacts, the current law enforcement official stressed.

    Kushner offered in March to be interviewed by the Senate Intelligence Committee, which is also investigating Russia’s attempts to interfere in last year’s election.

The contacts between Trump campaign associates and Russian officials during the presidential campaign coincided with what U.S. intelligence agencies concluded was a Kremlin effort through computer hacking, fake news and propaganda to boost Trump’s chances of winning the White House and damage his Democratic opponent, Hillary Clinton.

 (Reporting by Ned Parker and Jonathan Landay; Additional reporting by John Walcott, Warren Strobel and Phil Stewart in Washington; Editing by Kevin Krolicki and Ross Colvin)

U.S. Attorneys and other legal professionals across the DOJ will have access to legal products and services

(United States Second Circuit) - Held that a media company was not a "consumer reporting agency" subject to the federal Fair Credit Reporting Act. A job applicant alleged that the company's subscription‐based online research platform erroneously showed that he had been previously convicted of theft. Affirmed summary judgment in favor of the media company.

Tài liệu này cũng nói Trung Quốc có thể cần phải chuẩn bị cho một tình huống xấu nhất là xung đột quân sự với Mỹ.

Legal research giant Thomson Reuters has filed a lawsuit against legal research start-up ROSS Intelligence alleging that it surreptitiously stole content from Westlaw to build its own competing legal research product. Thomson Reuters lawsuit against ROSS comes just two days after it ended a related lawsuit against Legal Ease. In that stipulation, LegalEase agreed to an injunction that prevents it from reproducing Westlaw content, using bots to access content, and sharing its Westlaw credentials

Ryanair Group CEO Michael O’Leary sits down with Reuters Tim Hepher to discuss challenges including industry-wide consolidation, environmental taxes, Brexit, the grounding of the Boeing 737 MAX and his 5-year, 100 million euro bonus package. Watch here the full event.

Minister of Economy, Nadia Calviño, only the second woman to hold the position in Spanish history, speaks to Breakingviews Global Editor Rob Cox as Spain prepares to hold parliamentary elections on Nov. 10 for the second time in a year.

Reuters Breakingviews examines how Washington’s new paradigm on China is affecting Silicon Valley, from overseas investments to intellectual property protection to trade.

Tony Blair Reuters Newsmaker event on 'The challenging state of British politics’.

Says the evidence is equivocal

CNBC's Phil LeBeau reports the latest news on Tesla.

Today, many people lack access to the most basic weapons to shield themselves from COVID-19: water and soap.

Across drought-hit southern Africa, COVID-19 has spurred governments to dispatch water tankers, drill boreholes and repair taps - solutions experts and residents of thirsty slums and villages say must last long after the pandemic has passed.

A recent study sheds new light on the climate-groundwater relationship, finding that the 2015-2016 El Niño weather event replenished groundwater very differently in southern Africa and in East Africa just below the equator.

New report suggests national leaders make water security a priority now, link water policy to other national policies, from agriculture to trade, and put in place water-sharing institutions early.

Today, many people lack access to the most basic weapons to shield themselves from COVID-19: water and soap.

Across drought-hit southern Africa, COVID-19 has spurred governments to dispatch water tankers, drill boreholes and repair taps - solutions experts and residents of thirsty slums and villages say must last long after the pandemic has passed.

From Prince William and Kate Middleton's wedding to President Barack Obama watching the death of Osama bin Laden in the situation room, the Reuters pictures capture moments which still move us today.

US deaths from the novel coronavirus topped 75,000 deaths on Thursday, after the White House shelved a step-by-step guide prepared by health officials to help states safely reopen. Deaths in the United States, the epicenter of the global pandemic, have averaged 2,000 a day since mid-April despite efforts to slow the outbreak.

The Anchorage Daily News and ProPublica won the Pulitzer Prize for public service journalism on Monday for revealing one-third of Alaska's villages had no police protection, while the photography staff of Reuters won the breaking news photography award for documenting last year's violent protests in Hong Kong.