China

As Modi prepares for Trump meeting, U.S. expected to OK India drone purchase

As Modi prepares for Trump meeting, U.S. expected to OK India drone purchase

Published 23/06/2017

FILE PHOTO: India's Prime Minister Narendra Modi addresses a gathering after he inaugurated Kochi Metro at a stadium in Kochi, India, June 17, 2017. REUTERS/Sivaram V/File Photo

The United States is expected to authorize India's purchase of a naval variant of the Predator drone, two sources familiar with the situation said, ahead of a visit next week by Indian Prime Minister Narendra Modi to try to revitalize ties in his first meeting with President Donald Trump.

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U.S. bans fresh Brazil beef imports over safety concerns

U.S. bans fresh Brazil beef imports over safety concerns

Published 23/06/2017

A man cools cattle on a beached boat in the Amazon river, in the city of Manaus, Brazil, October 26, 2015. REUTERS/Bruno Kelly

The United States halted imports of fresh Brazilian beef on Thursday, the U.S. Department of Agriculture (USDA) said, after a high percentage of shipments failed to pass safety checks.

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China, India, Japan hamper Asia oil demand growth, efforts to balance market

China, India, Japan hamper Asia oil demand growth, efforts to balance market

Published 23/06/2017

FILE PHOTO: Oil tankers pass the skyline of Singapore June 8, 2016. REUTERS/Edgar Su/File Photo

As the global oil market frets about a stubborn supply glut, faltering demand growth in key Asian crude importers is further hampering efforts to restore market balance.

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North Korea tests rocket engine, possibly for ICBM: U.S. officials

North Korea tests rocket engine, possibly for ICBM: U.S. officials

Published 23/06/2017

A North Korean flag is pictured at its embassy in Beijing January 6, 2016. REUTERS/Kim Kyung-Hoon

North Korea has carried out another test of a rocket engine that the United States believes could be part of its program to develop an intercontinental ballistic missile, a U.S. official told Reuters on Thursday.

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India sends 31 satellites into space, some for foreign customers

India sends 31 satellites into space, some for foreign customers

Published 23/06/2017

India's Polar Satellite Launch Vehicle (PSLV) C38, carrying Cartosat-2 and 30 other satellites, lifts off from the Satish Dhawan Space Centre in Sriharikota, India, June 23, 2017. REUTERS/P. Ravikumar

India fired a rocket carrying 31 small satellites into space on Friday, several of them for European countries looking for high resolution earth images, underlining its strength as a low-cost provider of services in space.

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Asian shares flat, stay on track for a winning week

Asian shares flat, stay on track for a winning week

Published 23/06/2017

A stock quotation board displaying Japan's Nikkei average is seen before a ceremony marking the end of trading in 2016 at the Tokyo Stock Exchange (TSE) in Tokyo, Japan December 30, 2016. REUTERS/Toru Hanai

Asian shares flatlined on Friday but remained on track for a weekly gain, while crude oil prices pulled away from this week's 10-month lows.

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Tesla moves a step closer to building electric cars in China

Tesla moves a step closer to building electric cars in China

Published 23/06/2017

FILE PHOTO -- A Tesla Model X is photographed alongside a Model S at a Tesla electric car dealership in Sydney, Australia, May 31, 2017. REUTERS/Jason Reed/File Photo

Tesla Inc (TSLA.O) took a step closer toward establishing an electric vehicle manufacturing plant in China with its announcement on Thursday that it is in exploratory talks with the Shanghai municipal government.

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China`s ICBC says checks of loans by big acquirers are routine

China`s ICBC says checks of loans by big acquirers are routine

Published 23/06/2017

Fosun International Ltd services are displayed at a news conference in Hong Kong, China March 29, 2017. REUTERS/Bobby Yip

Industrial and Commercial Bank of China (ICBC) said on Friday its checks of loans to companies that made overseas acquisitions is routine, following reports that the regulator had ordered lenders to assess credit extended to a handful of highly acquisitive firms.

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Exclusive: China Unicom counts Alibaba, Tencent among investors in drive to raise $10 billion – sources

Exclusive: China Unicom counts Alibaba, Tencent among investors in drive to raise $10 billion – sources

Published 23/06/2017

FILE PHOTO: Two men chat beside a logo of Alibaba (China) Technology Co. Ltd at its headquarters on the outskirts of Hangzhou, Zhejiang province May 17, 2010. REUTERS/Steven Shi/File Photo

Chinese tech giants Alibaba Group Holdings (BABA.N) and Tencent Holdings (0700.HK) will be among new investors pouring a total of around $10 billion into mobile carrier China Unicom, sources said, part of efforts by Beijing to rejuvenate state behemoths with private cash.

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Gundlach says flatter Treasury yield curve could become a concern

Gundlach says flatter Treasury yield curve could become a concern

Published 21/06/2017

Jeffrey Gundlach, Chief Executive Officer, DoubleLine Capital LP., speaks at the Sohn Investment Conference in New York City, U.S. May 4, 2016. REUTERS/Brendan McDermid

The U.S. Treasury yield curve flattening could become a concern for economic growth when two-year and three-year Treasury note yields are about the same, and the price per barrel of WTI crude oil falls into the $30-dollar range, said Jeffrey Gundlach, chief executive at DoubleLine Capital, on Wednesday.

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