BEIJING/SYDNEY, Nov 10 (Reuters) – Brazilian planemaker Embraer SA (EMBR3.SA) said on Thursday that China’s aviation regulator had certified its E190-E2 regional jet for operations in the country, a move that would allow it to compete against China’s homegrown ARJ21 regional jet.
China had been slow to certify the latest generation of Western jets and turboprops that compete against domestic-made equivalents, though this week the ATR42-600 turboprop also was granted certification during Airshow China in the southern city of Zhuhai.
Full coverage: REUTERS
Russian Rouble Weakens On Weaker Oil
Nov 10 (Reuters) – The Russian rouble weakened against the U.S. dollar on Thursday on weaker oil, with analysts expecting it to reverse the trend next week as a new domestic tax period starts.
At 0713 GMT, the rouble fell 0.3% against the dollar to 61.47 and lost 0.2% to trade at 61.50 versus the euro . Against the Chinese yuan, the Russian currency was down 0.14% at 7.25 .
The Russian rouble has been the world’s best performing currency this year, as strict capital controls have pushed it higher despite Moscow being hit with unprecedented Western sanctions for its invasion of Ukraine.
Full coverage: REUTERS
BOJ’s Kuroda Lays Out Framework For Future Exit From Easy Policy
TOKYO, Nov 10 (Reuters) – Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Thursday any future debate on an exit from ultra-loose monetary policy will centre on the pace of increase in short-term interest rates and adjustments in the bank’s massive balance sheet.
Kuroda brushed aside the chance of a near-term interest rate hike, stressing that the BOJ must continue to underpin a fragile economic recovery with loose monetary policy.
Full coverage: REUTERS
Hurricane Nicole Bears Down On Florida’s Atlantic Coast
MIAMI, Nov 10 (Reuters) – Hurricane Nicole closed in on Florida’s Atlantic shoreline early on Thursday with a brew of heavy downpours, fierce winds and a treacherous surge of ocean surf that threatened coastal areas still reeling from the last major storm six weeks ago.
Upgraded from a tropical storm to a Category 1 hurricane as it thrashed the Bahamas on Wednesday, Nicole was packing sustained winds of up to 75 mph (120 kph) as it neared landfall along the east coast of Florida north of Miami, according to the National Hurricane Center.
Morning Bid: Red Wave
A look at the day ahead in European and global markets from Tom Westbrook
The outcome of the U.S. midterm elections remains inconclusive – short of the Republican sweep some had expected.
The “red wave”, however, showed up in markets. The S&P 500 (.SPX) fell 2% on Wednesday and the dollar seemed to catch a bid from a wave of cryptocurrency selling. Bonds rallied with the risk-averse mood, which opens the door for disappointment as U.S. inflation data comes into focus later on Thursday.
