Hilary Swank gives fees from Chechen event to charity



Swank has said she “deeply regrets” taking part in a birthday celebration in the Chechen capital Grozny last week for regional strong Ramzan Kadyrov, who is accused of orchestrating human rights violations.Human Rights Watch urged Swank and other celebrities who attended the event to return any money or gifts.Swank said this week she was unaware of Kadyrov’s policies, which human rights group say promote fear, abductions and executions of those involved in Chechnya’s Islamist insurgency.

UPDATE 1-U.S. August trade gap narrows slightly



The trade gap totaled $45.61 billion, down slightly from a revised $45.63 billion in July. Analysts had expected the deficit to widen to $45.8 billion in August.U.S. exports fell 0.1 percent to $177.61 billion, but total imports were about flat.Imports from China rose to $37.4 billion, the highest on record and pushed the monthly U.S. trade deficit with the Asian manufacturing giant to a record $29.0 billion.The eye-catching figures come just days after the U.S. Senate passed legislation to crack down on Chinese currency practices, which many U.S. lawmakers blame for the huge trade gap.The bilateral deficit with China totaled $189.3 billion through the first eight months of this year, compared with $173.5 billion in the same period last year.

Thomson Reuters currency platform hit by outage



“We have identified the cause of this disruption in a third-party database. The database vendor has issued a patch and we are making sure extra controls are in place to ensure there is no repeat of this occurrence,” a Thomson Reuters spokeswoman said.The outage began at 0831 GMT and lasted until 1005 GMT. The last major disruption to Thomson Reuters Matching was in March 2011 and lasted four hours.Major currencies for which Thomson Reuters dealing is a liquidity provider include sterling against the U.S. dollar , the Australian dollar , and the New Zealand dollar .Some market participants were able to switch to the rival ICAP-owned EBS system during the outage.”It was a bit of an issue for a while, almost like having your legs taken away, but we quickly found another host for the relevant currencies. I would imaging EBS had quite a good day,” one London-based trader who asked not to be named said.Another trader said: “A lot of the algos had to pull out because they lost a source of price-checking. It felt to us like it was a market from 10 years ago.”Spot volumes in Thomson Reuters Dealing and Matching together reached $176 billion in September, the second-highest month on record. Thomson Reuters does not break out separate figures for the two systems.