KELO-AM (Sioux Falls , SD)

July 8 (Reuters) – HSBC closed its “overweight” stance on emerging markets equities on Wednesday, citing increased volatility in Asia and warning that ​renewed concerns over weaker AI spending could ‌disproportionately weigh on EM Asian markets. EM Asian equities have remained volatile lately, with major technology stocks coming under pressure as investors grow increasingly cautious about debt-backed AI spending ‌and ​the sustainability of returns from ⁠those investments.

By Sheila Dang HOUSTON, July 8 (Reuters) – Chevron will allow rival oil producers to buy a chemical technology it developed to boost production from shale wells, the company said on Wednesday, as part of a broader push to increase U.S. oil output.

SAO PAULO, July 8 (Reuters) – Brazilian cosmetics maker Natura on Wednesday reported preliminary second-quarter consolidated net revenue between 5.1 ​billion reais and 5.2 billion ‌reais ($1.01 billion), down 9% to 10% from a year earlier. Natura said in a securities filing that subdued consumption in Brazil and internal operational challenges had ‌pressured ​the top line in ⁠the country “in a greater ⁠magnitude than initially anticipated” in the second quarter.

July 8 (Reuters) – Pakistan’s military ​said ‌on Wednesday that 42 police ‌and ​army ⁠personnel have ⁠been killed in three militant ​attacks in ⁠the ⁠troubled southwestern ​province of ​Balochistan since July ‌6. A total of ⁠54 militants were killed ⁠in these ‌incidents, ⁠the ​military ‌added.

(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) By Pierre Briancon LONDON, July 8 (Reuters Breakingviews) – French judges had already made a convicted felon out of a former president. They have now slapped a detention sentence on a potential future one, far-right leader Marine le Pen.

By Marwa Rashad LONDON, July 8 (Reuters) – A Qatari tanker loaded with liquefied natural gas (LNG) was at risk of exploding, one source said, after it sustained significant damage in an attack on the Omani side of the Strait of Hormuz on Tuesday. While the LNG industry has ​experienced a few accidents at onshore facilities, there has never been a catastrophic LNG cargo-tank ‌explosion on a commercial LNG carrier at sea.

BEIJING, July 8 (Reuters) – China’s economy is facing a structural mismatch ​between strong supply ‌and weak demand, its central bank said on Wednesday, pledging to maintain ‌an ​appropriately loose ⁠monetary policy and ⁠ramp up financial support to revive domestic consumption.

(This is an excerpt of the Health Rounds newsletter, where we present latest medical studies on Tuesdays and Thursdays) By Nancy Lapid July 8 (Reuters) – We also report on a potentially important discovery on how malaria parasites infect cells, which could lead to future preventions, and a study that adds safety reassurance for combination flu/COVID vaccines.

By Olivia Le Poidevin GENEVA, July 8 (Reuters) – A United Nations inquiry on Wednesday expressed concern at reports of abuse against a prominent Palestinian doctor seized by the Israeli military in Gaza in December 2024 and ​still being held in Israel and urged his release.

(Fixes typo in paragraph 13) By Antony Paone and Ingrid Melander LA FLECHE, France, July 8 (Reuters) – French far-right leader Marine Le Pen was greeted by cheers and boos on Wednesday as she launched her presidential campaign in western France, a day after an appeals court enabled her to run despite confirming ​her conviction for embezzling EU funds.