Reuters Financial News

By Valentina Za, Giuseppe Fonte and Elisa Anzolin

Japan's former top currency diplomat, recalls how Chinese policymakers eagerly studied ways to avert a Japan-style burst of an asset bubble that led to prolonged deflation and economic stagnation — until around 2015. «Then they stopped. In the past seven to eight years, they seem to be ignoring everything they learned,» said Watanabe, who retains close ties with incumbent policymakers.

BEIJING — An ambassador of an African country to China has criticized the International Monetary Fund and the World Bank for restrictive lending policies.

Ferrari has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its wealthy customers, its marketing and commercial chief told Reuters. The vast majority of blue-chip companies have steered clear of crypto as the volatility of bitcoin and other tokens renders them impractical for commerce.

China's central bank ramped up liquidity support to the banking system as it rolled over medium-term policy loans on Monday, but kept the interest rate unchanged as expected. The People's Bank of China (PBOC) is walking a tight rope between keeping liquidity ample to aid a struggling economy and stabilising the yuan amid expectations of «higher for longer» U.S. rates. The PBOC said in a statement it conducted medium-term lending facility (MLF) operations worth 789 billion yuan ($107.96 billion) to keep liquidity in the banking system adequate.

Sensex fell 125.65 points, or 0.19%, to close at 66,282.74, while the Nifty 50 ended 42.95 points, or 0.22%, lower at 19,751.05. “The steady retail inflation in the US, the probability of further rate hikes in the US still remaining active, and the ongoing geo- political tensions, are factors that may dampen the market sentiment in the coming weeks too. But the reality of a strong domestic economy supports equities, and therefore, in any corrective downward movements it affords a significant amount of protection," said Joseph Thomas, Head of Research, Emkay Wealth Management.

By Dietrich Knauth and Nate Raymond

Marseille | Owen Farrell was the official man of the match but not an England fan leaving the Marseille Velodrome is likely to have looked beyond Ben Earl for the outstanding player in England’s 30-24 World Cup victory over Fiji on Sunday (Monday AEDT).

Vladimir Putin will meet Xi Jinping in China this week in a bid to deepen a partnership forged between the United States' two biggest strategic competitors. Putin will attend the Belt and Road Forum in Beijing on Oct.

Reuters report. “I don't think these are healthy thoughts in the minds of healthy people, because to say that the United States is preparing for war with Russia, well we are all preparing for war because we follow the ancient principle: if you want peace, get ready for war," Putin said in a video clip posted on Telegram. “But we want peace," he added with a chuckle.

Reuters. Also read: Israel-Hamas War LIVE Updates: Another Hamas commander killed today, Israeli army claims | Watch Former army chief rabbi Rabbi Israel Weiss said around 90% of the military fatalities have been identified, while special forensic teams teams are halfway through the identification process for civilians.

SYDNEY (Reuters) -Thousands of Australians joined pro-Palestinian rallies on Sunday, despite police threats to curb them amid tension after the bloody Hamas incursion into Israel eight days ago.

BEIRUT (Reuters) — Reuters visuals journalist Issam Abdallah, 37, who was killed on Friday while filming Israeli missile attacks at the Israeli-Lebanon border, brought courage, compassion and insight to his work covering some of the biggest news stories of the past decade.

By Nidal al-Mughrabi and Emily Rose

By Jorgelina do Rosario and Elisa Martinuzzi

By Jorgelina do Rosario

Gaza Strip, after telling Palestinians living in the densely populated territory to flee south towards a closed border with Egypt. The Israeli national security adviser meanwhile warned Lebanese militant group Hezbollah not to start a war on a second front to Israel's north, threatening the «destruction of Lebanon» it if did. Israel has vowed to annihilate the Hamas militant group that controls Gaza in retaliation for a rampage by its fighters, who stormed through Israeli towns a week ago, gunning down civilians and making off with scores of hostages in the worst attack on civilians in Israel's history. Some 1,300 people were killed in a brutal onslaught that left Israel in profound shock, both at the scale of the killing and at horrifying mobile phone footage and reports from medical and emergency services of atrocities in the towns and kibbutzes that were overrun. In response, Israeli jets and artillery have subjected Gaza to the most intense bombardment it has ever seen, putting the enclave, home to 2.3 million Palestinians, under total siege. Gaza authorities say more than 2,200 people have been killed, a quarter of them children, and nearly 10,000 wounded. Rescue workers searched desperately for survivors of nighttime air raids. Thousands of Palestinians fled the north of the Gaza Strip on Saturday from the path of the expected Israeli ground assault, while Israel pounded the area with more air strikes and said it kept two roads open to let people escape.

WARSAW (Reuters) -Polish police negotiators persuaded a man to come down from a monument in a central Warsaw square, a spokesperson said, putting an end to an incident that had seen part of the capital cordoned off amid reports of a bomb threat.

Also Read: Global oil market sensitive to Israel-Hamas war; Russia ready to boost supplies to Saudi Arabia: Novak Brent futures settled up $4.89, or 5.7 per cent, at $90.89 per barrel. US West Texas Intermediate (WTI) crude gained $4.78, or 5.8 per cent, to $87.69 a barrel. Both benchmarks posted their highest daily percentage gains since April.

JERUSALEM (Reuters) — The Israeli army said on Saturday it was aware of the incident in southern Lebanon in which a Reuters journalist was killed and that it was being investigated.

(Reuters) -A Reuters video journalist was killed and six other journalists injured in southern Lebanon on Friday when missiles fired from the direction of Israel struck them, according to a Reuters videographer who was at the scene.