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08/17/2022 | 02:01am EDT

Here are the top stories and upcoming coverage plans for Reuters text service as of 6 A.M.GMT/2 P.M. SGT. For a full schedule of news and events, go to our editorial calendar on Reuters Connect https://www.reutersconnect.com/planning.




Action wanes at U.N. to isolate Russia almost six months into Ukraine war

On a June night under the chandeliers of Russia's United Nations mission in New York, dozens of U.N. ambassadors from Africa, the Middle East, Latin America and Asia attended a reception to mark the country's national day - less than four months after its forces invaded neighboring Ukraine.


Japan security adviser readies to meet China's top diplomat Yang -Jiji

Arrangements are being made for Japanese national security adviser Takeo Akiba to visit China soon for talks with its top diplomat Yang Jiechi, the Jiji news agency said on Wednesday, citing unidentified government sources.



Trump-backed challenger beats Republican Liz Cheney in U.S. midterm primary

U.S. Representative Liz Cheney, a fierce Republican critic of Donald Trump who has played a prominent role in the congressional probe of the Jan. 6 assault on the Capitol, lost to a Trump-backed primary challenger on Tuesday.


Biden signs inflation act, hands pen to Manchin

President Joe Biden on Tuesday signed into law a $430 billion bill that is seen as the biggest climate package in U.S. history, designed to cut domestic greenhouse gas emissions as well as lower prescription drug prices and high inflation.



Japan posts longest run of trade gaps in 7 years as import costs soar

Japan's imports jumped to a record amount in July, boosted by global fuel inflation and a weak yen, outweighing exports and deepening the trade deficit, in a sign of a further worsening in the terms of trade for the export-oriented economy.


Walmart sees smaller annual profit drop as discounts draw inflation-hit shoppers

Walmart said inflation-weary shoppers continued to buy groceries at its stores in the most recent quarter, though many held back from purchasing other merchandise despite steep discounts on apparel, electronics and home goods.



OK Google, get me a Coke: AI giant demos soda-fetching robots

Google is combining the eyes and arms of physical robots with the knowledge and conversation skills of virtual chatbots to help its employees fetch soda and chips from breakrooms with ease.


Back to the 1950s: New Jersey beach town museum offers retro thrills for pinball fans

The Silverball Retro Arcade, a low-slung building along the boardwalk in New Jersey beach town Asbury Park, is not your typical museum.



Elon Musk says he was joking about buying Manchester United

Elon Musk, the world's richest person, tweeted on Wednesday that he was joking when he said that he was going to buy English soccer club Manchester United.


Medvedev gets US Open prep back on track with win in Cincinnati

Daniil Medvedev looked like he had a point to prove as the Russian got preparations for his U.S. Open title defence back on track with a 6-4 7-5 win over Botic van de Zandschulp in the second round of the Cincinnati Open on Tuesday.




Get out the camping lights: how UK handled 1973 energy crisis

Boosterish plans for a high-wage, high-growth economy lie in ruins as Britain's Conservative prime minister struggles to get to grips with a cost-of-living crisis, compounded by rising worker unrest. It is December 1973 and classified records from time show the echoes with today.

17 Aug 06:00 ET / 06:00 GMT


U.N. special envoy in Myanmar to discuss 'deteriorating situation'

The U.N. secretary-general's special envoy to Myanmar is on a rare visit to discuss the country's "deteriorating situation" with the military leadership.

17 Aug 06:30 ET / 06:30 GMT


Biden farm debt relief could save farms, but disappoints Black farmers

Deep in the climate and energy bill passed by Congress is a debt relief program that could save thousands of farms from the brink of foreclosure, according to data obtained from a freedom of information request. Lawyers say it could spare the Department of Justice from an ill-fated legal battle. But the measure has disappointed many of the farmers of color the program was initially meant to help.

17 Aug 10:00 ET / 10:00 GMT


Weekly Austrian cabinet meeting

Ministers hold a news conference after Austria's weekly cabinet meeting.

17 Aug 10:15 ET / 10:15 GMT


Angolans abroad to vote for first time, but wonder if it will change anything

Dania Silva is excited to be one of the thousands of Angolans abroad to be voting remotely for the first time in their country's election next week, though she wonders whether her vote will change anything.

17 Aug 11:00 ET / 11:00 GMT


Communication Workers Union announces result of latest Royal Mail Group workers strike ballot

The Communication Workers Union will announce the result of its latest strike ballot among Royal Mail Group staff at 4pm.

17 Aug 15:00 ET / 15:00 GMT


NATO's Stoltenberg meets Kosovo and Serbia leaders in Brussels

NATO Secretary-General Jens Stoltenberg separately meets Kosovo's Prime Minister Albin Kurti and Serbian President Aleksandar Vucic in Brussels. He gives a joint news conference with Vucic at 1330GMT and Kurti at 1500GMT.

17 Aug 15:00 ET / 15:00 GMT


ICI reports weekly fund flows

The Investment Company Institute reports weekly flows into mutual funds and exchange-traded funds.

17 Aug 16:00 ET / 16:00 GMT


Argentine official visits Brazil to bolster Falklands claim

Argentinian Secretary of Falklands (Malvinas) Affairs kicks off tour of South American countries in Brasilia to bolster his country's claim of sovereignty over the South Atlantic islands that led to war between Argentina and Britain in 1982.

17 Aug 17:00 ET / 17:00 GMT



Turkish Vice President Fuat Oktay chairs economy committee

Turkish Vice President Fuat Oktay chairs economy coordination committee

17 Aug 08:00 ET / 08:00 GMT


Walmart.com drew higher-income shoppers looking to buy food

U.S. inflation at a four-decade high has hit lower-income Americans the hardest. On Tuesday, Walmart's results showed that those with thicker wallets are getting squeezed, too.

17 Aug 09:00 ET / 09:00 GMT


FACTBOX-U.S., European banks could lose over $5 bln from risky buyout loans

Wall Street banks are facing tougher times in the riskiest parts of the loan market. Large U.S. banks are on track to lose $5 to $10 billion more in the coming quarters on leveraged loans they have underwritten, according to bankers and analysts. Here's what they have lost so far.

17 Aug 10:00 ET / 10:00 GMT


INSIGHT-Coca-Cola and McDonald's left Russia. Their brands stayed behind

Western companies with iconic brands like Coca-Cola that exit Russia face years of battling knockoffs and unauthorized imports clamoring to fill the void they leave behind, a risky bid as courts show little sympathy for firms that depart.

17 Aug 10:00 ET / 10:00 GMT


ANALYSIS-Activist's call for ESPN spin-off may be a tough sell at Disney

When billionaire investor Daniel Loeb first pushed Walt Disney Co to embrace streaming it felt like a quick and easy victory. Now that his hedge fund Third Point is back with a new $1 billion investment and a string of fresh changes that he feels the company should make, including spinning off sports cable channel ESPN, the battle may be tougher, Wall Street analysts and people close to the company say.

17 Aug 10:00 ET / 10:00 GMT


Investor group plans corporate pressure on water risk

A global group of investors and pension funds have said they will push top corporate water users to address financial risks and protect resources, citing widespread droughts and severe weather.

17 Aug 10:00 ET / 10:00 GMT


ANALYSIS-U.S., European banks could lose over $5 bln from risky buyout loans

Wall Street banks are facing tougher times in the riskiest parts of the loan market. Large U.S. banks are on track to lose $5 to $10 billion more in the coming quarters on leveraged loans they have underwritten, according to bankers and analysts.

17 Aug 10:00 ET / 10:00 GMT


Lowe's Cos Q2 2022 Earnings Release

Lowe's Cos is expected to post a slight increase in second-quarter revenue, buoyed by pent-up demand for patio furniture and grills after a cooler April knocked demand in the spring selling season last quarter. Investors will keep an eye out for the company's comments on demand trends and the impact of inflation on business.

17 Aug 10:00 ET / 10:00 GMT


EXCLUSIVE-World Bank's IFC taps blockchain for carbon offsets

International Finance Corp (IFC), a World Bank affiliate, told Reuters on Wednesday it is backing a blockchain-enabled platform to trade carbon offsets, aiming to attract more support from institutional investors for climate-friendly projects in emerging markets.

17 Aug 11:00 ET / 11:00 GMT


Target Corp reports second quarter results

Target Corp's outlook for sales and earnings will be on top of investors' minds when it reports second quarter results, following earlier warnings from the company that inflation was hurting consumer spending at stores and would dampen full-year profits. The company's inventory levels will also provide on indication on how much more it needs to discount to shift excess stock.

17 Aug 12:30 ET / 12:30 GMT


Federal Reserve Board Governor Bowman speaks before a Fintech conference

Federal Reserve Board Governor Michelle Bowman speaks on "Technology, Innovation and Financial Services" before the VenCent Fintech Conference, in Little Rock, Ark.

17 Aug 13:30 ET / 13:30 GMT


AAR issues weekly traffic of major railroads

Association of American Railroads issues its weekly traffic of major railroads data.

17 Aug 16:00 ET / 16:00 GMT


FOMC issues minutes from its meeting of July 26-27, 2022

Federal Open Market Committee issues minutes from its meeting of July 26-27, 2022.

17 Aug 18:00 ET / 18:00 GMT


Federal Reserve Board Governor Bowman speaks before the Arkansas Women's Commission

Federal Reserve Board Governor Michelle Bowman speaks on "COVID-19 and the Role of Women in the U.S. Economy" before the Arkansas Women's Commission Meeting, in Russellville, Ark.

17 Aug 18:20 ET / 18:20 GMT


Cisco Systems Reports Fourth Quarter Results

Cisco is expected to report a decline in revenue and net profit in the fourth quarter as headwinds from lockdowns in China early this year and disruption in some European markets from Ukraine war continue to weigh on the business. The company's outlook for the next fiscal and commentary of the headwinds will be in focus.

17 Aug 20:00 ET / 20:00 GMT


WIDER IMAGE - Nepali woman's quest to learn takes her back to school with son

A Nepali mother of two, Parwati Sunar finds herself attending the same school as her son after returning to an education system she fled at the age of 15, when she eloped with a man seven years her senior. Just about 57% of women are literate in the country of 29 million, and the 27-year-old Sunar said she hopes to become "literate enough" to be able to keep household accounts.

17 Aug 23:00 ET / 23:00 GMT



U.S. officials discuss crackdown on weapons trafficking to Haiti and the Caribbean

U.S. officials including agents from the Department of Homeland Security will describe efforts to crack down on trafficking of weapons to Haiti and other Caribbean countries, amid rampant gang violence in Haiti and complaints by countries in the region that the U.S. needs to do more to staunch gun running.

17 Aug 14:00 ET / 14:00 GMT


Alex Jones lawyer faces possible punishment over release of Sandy Hook families' medical record

Andino Reynal, a lawyer for talk show host Alex Jones face possible discipline in Connecticut over the release of the medical records of families of children slain in the Sandy Hook massacre.

17 Aug 14:00 ET / 14:00 GMT

© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 1.48% 99.64 Delayed Quote.-32.23%
CISCO SYSTEMS, INC. 2.01% 41.39 Delayed Quote.-35.84%
EURO / ARGENTINE PESO (EUR/ARS) 0.34% 141.0885 Delayed Quote.20.82%
EURO / BRAZILIAN REAL (EUR/BRL) -0.48% 5.1419 Delayed Quote.-19.59%
LOWE'S COMPANIES, INC. 2.40% 190.72 Delayed Quote.-27.22%
MANCHESTER UNITED PLC 0.15% 12.94 Delayed Quote.-9.27%
MCDONALD'S CORPORATION -0.06% 243.61 Delayed Quote.-8.25%
ROYAL MAIL PLC 0.53% 196.928 Delayed Quote.-61.29%
TARGET CORPORATION 2.33% 152.1 Delayed Quote.-34.06%
TESLA, INC. 3.73% 287.02 Delayed Quote.-21.65%
THE LIFESTYLE GROUP S.P.A. -10.00% 0.0063 Delayed Quote.-98.03%
US DOLLAR / ARGENTINE PESO (USD/ARS) 0.19% 146.53 Delayed Quote.41.64%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 0.58% 58.9 Delayed Quote.-24.61%
US DOLLAR / TURKISH LIRA (USD/TRY) 0.25% 18.475 Delayed Quote.38.37%
WALMART INC. 1.06% 132.912 Delayed Quote.-10.11%
WALT DISNEY COMPANY (THE) 1.15% 99.225 Delayed Quote.-35.76%
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