(This August 31 story is refiled to add dropped word founding to Ertl’s title in paragraph 13) By Allison Martell and Julie Steenhuysen TORONTO/CHICAGO (Reuters) – High-profile COVID-19 vaccines developed in Russia and China share a potential shortcoming: They... More »
SYDNEY (Reuters) – Australia does not know why Chinese authorities have detained Australian citizen and television anchor Cheng Lei, Trade Minister Simon Birmingham said on Tuesday, adding to the mystery why the journalist has been taken into custody. The Aust... More »
MANILA (Reuters) – The Philippines will not halt infrastructure projects involving Chinese firms blacklisted by ally the United States and will act in its own interests, not those of a foreign power, the president’s spokesman said on Tuesday. President Rodrigo... More »
SYDNEY (Reuters) – Australia’s trade minister, Simon Birmingham, said Canberra didn’t know why Chinese authorities had detained Australian citizen Cheng Lei, as he warned that the risks for Australian businesses engaged with China had changed. The Australian g... More »
(Reuters) – The modified common cold viruses behind high-profile COVID-19 vaccine candidates from China’s CanSino Biologics (6185.HK) and Russia’s Gamaleya Institute have been studied for decades, but are still not widely used. The following are some details o... More »
MANILA (Reuters) – The Philippines will not halt infrastructure projects involving Chinese firms blacklisted by ally the United States and will make its own decisions, not those of a foreign power, the president’s spokesman said on Tuesday. President Rodrigo D... More »
(Reuters) – Apple Inc (AAPL.O) has asked suppliers to make at least 75 million 5G iPhones for later this year, along with new Apple Watch models, a new iPad Air and a smaller HomePod, Bloomberg News reported on Tuesday. The company expects shipments of these n... More »
BEIJING (Reuters) – Mainland China reported 10 new COVID-19 cases on Aug. 31, down from 17 reported a day earlier, the country’s health authority said on Tuesday. The National Health Commission said in a statement that all new cases were imported infections in... More »
NEW YORK (Reuters) – Berkshire Hathaway Inc’s $6.2 billion foray into Japan’s five largest trading houses may signal billionaire Warren Buffett’s expectation that inflation and a falling U.S. dollar may make international equities more attractive when economie... More »
BEIJING (Reuters) – China said on Tuesday it agreed with the United States to continue pushing forward the implementation of the bilateral Phase 1 trade deal reached earlier this year during a call between the two countries’ top trade negotiators. Vice Premier... More »
SHANGHAI (Reuters) – For Zeng Sheng, the manager at Shanghai Maiyi Arts, this autumn should have been a boon for business: with the U.S. presidential election, demand for the centre’s wax replicas of Donald Trump should have been off the charts. Instead, the s... More »
SHENZHEN, China (Reuters) – Chinese drone giant SZ DJI Technology Co Ltd has been making sweeping cuts to its global sales and marketing teams as it faces coronavirus headwinds and mounting political pressure in key markets, current and former staff told Reute... More »
BEIJING (Reuters) – China’s vaccine specialist CanSino Biologics Inc has won a patent approval from Beijing for its COVID-19 vaccine candidate Ad5-nCOV, state media reported, citing documents from the country’s intellectual property regulator. It is the first ... More »
SHANGHAI (Reuters) – Geely Automobile Holdings Ltd on Monday booked a 43% drop in half-year profit and trimmed its full-year sales goal, sending its shares down 4%, as the coronavirus outbreak continues to trouble the world’s biggest auto market. The results c... More »
SYDNEY (Reuters) – Asian shares crept back toward recent peaks on Monday as Chinese markets swung higher, while investors waited to see if the recent sell-off in longer-dated U.S. Treasuries would extend and maybe take some pressure off the beleaguered dollar.... More »
1/WALL STREET WATCHES WASHINGTON U.S. lawmakers negotiating a fresh dose of stimulus have reached an impasse. Trillions of dollars injected by the Federal Reserve and huge government spending increases have stemmed coronavirus-linked economic damage, fuelling ... More »
SINGAPORE (Reuters) – The dollar slipped marginally and commodity currencies inched higher on Monday as investors were relieved by a delay in the review of the U.S.-China trade pact which left the deal intact. The moves in the Asia session were modest, as weak... More »
(Reuters) – Evidence used by the United States to justify the extradition of Huawei Technologies Chief Financial Officer Meng Wanzhou is “unreliable and defective” and should not be considered by a Canadian court, Meng’s lawyers argued in documents released to... More »
WASHINGTON (Reuters) – U.S. President Donald Trump now has a verified account on TikTok competitor Triller, another sign of the White House’s disfavor toward the ByteDance-owned video-sharing app. Triller is one of several TikTok alternatives that have experie... More »
WASHINGTON (Reuters) – U.S. House Speaker Nancy Pelosi may recall lawmakers from a summer recess to address changes at the Postal Service that have prompted anger among Democrats and alarm about possible impact on the 2020 election. A Democratic congressional ... More »
BEDMINSTER, N.J. (Reuters) – U.S. President Donald Trump said on Saturday he could exert pressure on more Chinese companies such as technology giant Alibaba (BABA.N) after he moved to ban TikTok. Asked at a news conference whether there were other particular C... More »
NEW YORK (Reuters) – Stocks fell on Friday as data out of China, the euro zone and the United States put a lid on expectations for a sustained global rebound, with traders already worried about a delay in U.S. fiscal stimulus. A review of the U.S.-China trade ... More »
(Reuters) – U.S. equity, municipal and taxable bond funds posted inflows in the week ended on Wednesday, while money market fund saw outflows, according to Lipper. U.S. equity funds registered $5.6 billion in inflows in the week ended on Wednesday, according t... More »
BEIJING (Reuters) – Four famous amateur model grandmothers took off their masks during a saunter down the streets of Beijing on Thursday to demonstrate life returning to normal as the COVID-19 pandemic eases. Glamma Beijing, a group of four women who met durin... More »
WASHINGTON (Reuters) – Scientists have identified a chemical compound released by locusts that causes them to swarm, opening the door to possible new ways to prevent these insects from devouring crops vital to human sustenance as they have for millennia. Resea... More »
LONDON (Reuters) – Exhibits showcasing humanity’s battle with infectious disease will greet visitors recently emerged from coronavirus lockdowns when London’s Science Museum re-opens its doors next week after its longest closure since World War II. “Medicine: ... More »
HONG KONG (Reuters) – Hong Kong media tycoon Jimmy Lai became the highest-profile person arrested under a new national security law on Monday, detained over suspected collusion with foreign forces as around 200 police searched the offices of his Apple Daily ne... More »
SHANGHAI (Reuters) – Microsoft Corp has emerged as the most likely buyer of the U.S. operations of TikTok, the popular Chinese short-video app that U.S. President Donald Trump is preparing to effectively ban on national security grounds. A deal would be in lin... More »
TAIPEI (Reuters) – Chinese air force jets briefly crossed the mid-line of the Taiwan Strait on Monday and were tracked by Taiwanese missiles, Taiwan’s government said, as U.S. health chief Alex Azar visited the island to offer President Donald Trump’s support.... More »
BEIJING (Reuters) – China said it would apply sanctions against 11 U.S. citizens including officials from Monday in response to Washington’s move on Friday to impose sanctions on 11 Hong Kong and Chinese officials whom it accused of curtailing political freedo... More »
HONG KONG (Reuters) – Hong Kong reported 69 new coronavirus cases on Monday, of which 67 were locally transmitted, as authorities battled to contain a resurgence of the virus over the last six weeks. Since late January, over 4,000 people have been infected in ... More »
SHANGHAI (Reuters) – The former head of China’s securities regulator has raised concern about banks addressing funding shortages by ramping up issues of short-term interbank debt instruments that have in the past attracted regulatory scrutiny. Xiao Gang, forme... More »
LONDON (Reuters) – European shares rose on Monday as industrial activity in China gained strength, another sign of recovery from the coronavirus pandemic that added to hopes the global economy would also return to health. The broader Euro STOXX 600 rose 0.6%, ... More »
BEIJING (Reuters) – China’s factory deflation eased in July, driven by a rise in global oil prices and as industrial activity climbed back towards pre-coronavirus levels, adding to signs of recovery in the world’s second-largest economy. The producer price ind... More »
SHANGHAI (Reuters) – China reported on Monday 49 new coronavirus cases in the mainland for August 9, compared with 23 cases a day earlier, the health authority said. The National Health Commission said in a statement 35 of the new infections were imported case... More »
WASHINGTON (Reuters) – Chinese government-linked hackers have been targeting U.S. election infrastructure ahead of the 2020 presidential election, White House National Security Adviser Robert O’Brien said on Sunday, indicating a more active level of alleged Ch... More »
SHANGHAI/SHENZHEN, China (Reuters) – Huawei Technologies Co [HWT.UL] will stop making its flagship Kirin chipsets next month, financial magazine Caixin said on Saturday, as the impact of U.S. pressure on the Chinese tech giant grows. U.S. pressure on Huawei’s ... More »
SYDNEY (Reuters) – As countries scramble to test for the novel coronavirus, a Chinese company has become a go-to name around the world. BGI Group, described in one 2015 study as “Goliath” in the fast-growing field of genomics research, is using an opening crea... More »
MILAN (Reuters) – Luxury carmaker Ferrari (RACE.MI) trimmed its full-year earnings forecast on Monday after second-quarter income plunged due to supply chain and production disruptions due to the coronavirus pandemic. The company known as the ‘Prancing Horse’ ... More »
BEIJING/HONG KONG (Reuters) – A potential shotgun wedding to Microsoft Corp (MSFT.O) for TikTok’s U.S. operations provoked an outcry on Monday on Chinese social media as well as criticism from a prominent Chinese investor in TikTok owner ByteDance. The U.S. te... More »
LONDON (Reuters) – The location of TikTok owner ByteDance’s headquarters is a commercial decision for the company to make, a spokesman for British Prime Minister Boris Johnson said on Monday, responding to a report that the firm could move to London. “It would... More »
LONDON (Reuters) – World stocks and the dollar rallied after a cautious European morning as thin summer trading led to sharp swings in the market, and worries about U.S. gridlock over the next round of coronavirus aid eased. In Europe, stocks were up 1.2% as t... More »
GENEVA (Reuters) – The World Health Organization warned on Monday that, despite strong hopes for a vaccine, there might never be a “silver bullet” for COVID-19, and the road to normality would be long. More than 18.14 million people around the world are report... More »
HONG KONG (Reuters) – Hong Kong reported 80 new coronavirus cases on Monday, dropping below 100 infections for the first time in 12 days, as a team of Chinese officials began preparations for widespread testing in the global financial hub, which has seen a res... More »
LONDON/TOKYO (Reuters) – Euro zone manufacturing activity expanded modestly last month, its first growth since early 2019, and Asia’s pain eased as the contraction slowed in export-reliant nations, adding to hopes the sector is emerging from the hit of the cor... More »
BEIJING (Reuters) – China’s monetary policy will be more flexible and targeted in the second half of the year, the central bank said on Monday. China will actively and steadily push forward yuan internationalisation and capital account convertibility, the Peop... More »
SHANGHAI (Reuters) – Chinese artificial intelligence company Shanghai Zhizhen Intelligent Network Technology Co., Ltd., also known as Xiao-i, has filed a lawsuit against Apple Inc, alleging it has infringed on its patents. The company is calling for 10 billion... More »
SHANGHAI (Reuters) – Zoom Video Communications (ZM.O) will shift to a partner-only model in mainland China from Aug. 23, suspending direct sales to all customers in the region, the company said on Monday. Zoom customers in China received an email on Monday inf... More »
WASHINGTON (Reuters) – Several Republican senators on Sunday backed a plan by China’s ByteDance to divest the U.S. operations of TikTok after President Donald Trump said on Friday he had decided to ban the popular short-video app. Senator John Cornyn, a Texas ... More »
(Reuters) – U.S.-based equity funds in the week ended Wednesday posted $1.05 billion in outflows, according to Lipper. Taxable bond funds attracted $9.37 billion, the sixteenth straight weekly inflow, while U.S. money market funds shed $17.44 billion in the la... More »
GENEVA (Reuters) – Bans on international travel cannot stay in place indefinitely, and countries are going to have to do more to reduce the spread of the novel coronavirus within their borders, the World Health Organization said on Monday. A surge of infection... More »
HANOI (Reuters) – The airport in the central Vietnamese tourism hotspot of Danang was packed on Monday after three residents tested positive for the coronavirus and the evacuation of 80,000 people began. The Southeast Asian country is back on high alert after ... More »
(Reuters) – The United States might have more COVID-19 testing capacity than any other country. So why have we seen laboratories overwhelmed and many patients again waiting a week or more for results? At the heart of the crisis is a reliance by public and priv... More »
LONDON (Reuters) – Gold soared to an all-time high on worsening ties between the United States and China, a sinking dollar and ultra-low interest rates on Monday, while stock markets faltered before a deluge of corporate earnings. Europe’s main stock markets w... More »
LONDON/BENGALURU (Reuters) – Gold’s record rally is moving tantalisingly close to the psychologically key $2,000 level, powered by investors seeking cover from COVID-19’s global economic toll, as reflected in dollar weakness, faltering stocks and U.S.-China tr... More »
HONG KONG (Reuters) – Hong Kong banned gatherings of more than two people on Monday, closed down restaurant dining and introduced mandatory face masks in public places, including outdoors, as it tries to rein in a new coronavirus outbreak. The measures, which ... More »
(Reuters) – Chinese telecom company Huawei Technologies Co has cut its India revenue target for 2020 by up to 50% and is laying off more than half of its staff in the country, the Economic Times reported on Monday, amid calls to boycott Chinese goods. Huawei’s... More »
BEIJING (Reuters) – Profits at China’s industrial firms rose for a second straight month and at the fastest pace in over a year, adding to signs the country’s economic recovery from the coronavirus crisis is gaining momentum. The statistics bureau said on Mond... More »
SHANGHAI/BEIJING (Reuters) – Huawei Technologies’ founder Ren Zhengfei’s global ambitions are marked in bricks and mortar at a new company campus in southern China, where the buildings are replicas from European cities. Zhang Yiming, founder of ByteDance, the ... More »
LONDON/ROME (Reuters) – Activist hedge fund TCI Fund Management said it has complained to the European Commission over “illegitimate expropriation” by the Italian government of Atlantia’s motorways unit Autostrade per l’Italia. TCI, an investor in Atlantia, sa... More »
(Reuters) – U.S.-based stock funds in the week ended Wednesday saw $3.3 billion of inflows, according to Lipper. Taxable bond funds attracted $11.1 billion, the fifteenth straight weekly inflow, while U.S. money market funds drew $20.4 billion in the latest we... More »
TOKYO (Reuters) – The British government has asked Japan to help build its 5G wireless networks without Huawei Technologies [HWT.UL], the Nikkei said on Sunday, a further step in a global technology and security war between the United States and China. Britain... More »
SYDNEY (Reuters) – Australia is scrutinising the popular Chinese-owned social media TikTok platform for any risks it may pose to users from around potential foreign interference and data privacy issues, government sources told Reuters. Owned by Bytedance, TikT... More »
LONDON (Reuters) – The euro and euro zone bond markets held out hope European Union leaders would strike a deal on a recovery fund for the bloc’s pandemic-ravaged economy on Monday, but the region’s stock markets took a cautious turn lower as talks paused. The... More »
BEIJING (Reuters) – China on Monday urged Britain to avoid making further steps down wrong path after reports that it was poised to suspend an extradition treaty for Chinese-ruled Hong Kong. Foreign ministry spokesman Wang Wenbin made the remark during a daily... More »
DHAKA (Reuters) – Bangladesh has approved the third-phase trial of a potential COVID-19 vaccine developed by China’s Sinovac Biotech Ltd, officials said on Monday, as infections continue to rise in the densely-populated South Asian country. Sinovac has been lo... More »
DETROIT (Reuters) – Presumptive Democratic presidential nominee Joe Biden said on Friday he is now getting intelligence briefings, and has been told Russia continues to try to meddle in November’s U.S. election. China also was conducting activities “designed f... More »
SHANGHAI/SEOUL (Reuters) – Some K-pop stars’ accounts have been blocked from view on TikTok’s China equivalent Douyin, Reuters’ checks showed on Friday, days after South Korea’s media regulator slapped fines on the short-video app for data privacy noncomplianc... More »
LONDON (Reuters) – Investors pumped money into riskier bonds and equity funds, BofA’s weekly fund flow statistics showed on Friday, as unprecedented stimulus measures helped offset worries about rising COVID-19 case numbers in the United States. The policy sup... More »
LONDON (Reuters) – A growth spurt in the balance sheets of the world’s biggest central banks has crested in recent weeks, drawing warnings from investors that any signs of backpedaling on stimulus will jolt financial markets and strangle economic recovery. The... More »
LONDON (Reuters) – Prime Minister Boris Johnson’s government will ban Huawei from Britain’s 5G network by ordering telecoms companies to remove its equipment by 2027, Media Secretary Oliver Dowden said on Tuesday. Operators will not be able to purchase 5G comp... More »
LONDON (Reuters) – Prime Minister Boris Johnson is set to ban Huawei from Britain’s 5G network in a landmark decision that will anger Beijing but win plaudits from President Donald Trump as the United States grapples with China’s rising economic and technologi... More »
PARIS (Reuters) – France’s government on Monday started restricting Chinese airlines to one passenger flight to France per week, saying it was acting in response to restrictions imposed by Beijing on French carriers flying to China. “From July 13, Chinese comp... More »
(Reuters) – Coronavirus infections rose above 13 million across the world on Monday, according to a Reuters tally, climbing by one million in just five days in a pandemic that has killed more than half a million people. The Reuters global tally, which is based... More »
ZURICH (Reuters) – Lonza Group said on Monday that China’s Junshi Biosciences has licensed the Swiss contract drug manufacturer’s technology to help produce a neutralizing antibody against COVID-19. Lonza said Junshi’s first neutralizing antibody against the n... More »
LONDON (Reuters) – Oil prices fell on Monday on a record daily rise in global coronavirus cases, with big spikes in infections over the weekend in the United States, while traders await an OPEC meeting expected to recommend an easing of supply cuts. Brent crud... More »
SHANGHAI (Reuters) – Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.2%, cashing out around $8.2 billion at its current share price, the firm’s annual filing released on Friday showed. The divestm... More »
LONDON (Reuters) – British minister Oliver Dowden will make a statement to parliament on Huawei some time after 1130 GMT on Tuesday, the opposition Labour Party said on Twitter. Britain is set to ban Huawei from Britain’s 5G network in a landmark decision that... More »
LONDON (Reuters) – Britain will place a “huge priority” on national security when considering Chinese telecoms firm Huawei’s role in the country’s 5G network, justice minister Robert Buckland said on Monday. “National security comes first … and I know that the... More »
SHANGHAI (Reuters) – Smartphone shipments in China fell 16% in June compared with a year earlier, according to government data released on Tuesday. The numbers suggest that handset demand in China remains lukewarm despite the country’s recovery from the corona... More »
(Reuters) – China’s Huawei Technologies has requested a meeting with UK Prime Minister Boris Johnson to work out a deal to delay its potential removal from the country’s 5G phone network, the Sunday Times newspaper reported on Sunday. The Chinese telecoms equi... More »
(Reuters) – The Badminton World Federation (BWF) are seeking more information from China about its decision to cancel all international sport in the country this year before they make a decision on the season-ending World Tour Finals. The World Tour Finals, sc... More »
(Reuters) – U.S. equity funds in the week ended on Wednesday drew $609 million, the first inflow in four weeks, according to Lipper. U.S. taxable bond funds attracted $12.6 billion, the 13th straight weekly inflow, while money market funds saw $4.7 billion com... More »
(Reuters) – The Dalai Lama made a bid for music chart stardom on Monday, his 85th birthday, with the release of an album of mantras and teachings. “Inner World” kicks off with the track “One Of My Favourite Prayers” and continues with the exiled Tibetan spirit... More »
TAIPEI (Reuters) – Taiwan would welcome a visit by exiled Tibetan spiritual leader the Dalai Lama, its foreign ministry said on Monday, a trip that would infuriate Beijing which views him as a dangerous separatist. The Dalai Lama has not visited the Chinese-cl... More »
LONDON (Reuters) – Global stock markets rallied to four-week highs on Monday as investors counted on a revival in Chinese activity to boost global growth, even as surging coronavirus cases delayed business re-openings across the United States. MSCI’s All-Count... More »
LONDON (Reuters) – Britain’s decision to allow China’s Huawei to play a limited role in building its 5G network is not “fixed in stone” and is being reviewed following the imposition of U.S. sanctions, culture minister Oliver Dowden said on Monday. Britain gra... More »
LONDON/BERLIN/MILAN (Reuters) – It’s tough to do any useful work when you’re stuck at home, struggling to home-school bickering kids, let alone when you’re trying to produce a COVID-19 vaccine. British drugmaker AstraZeneca (AZN.L) had spent years preparing fo... More »
BEIJING (Reuters) – Ford Motor’s (F.N) China ventures reported year-on-year sales growth for June as the world’s biggest auto market continues to recover from coronavirus-induced lows. The U.S. automaker’s Chongqing-based venture with Changan (000625.SZ) said ... More »
PARIS (Reuters) – The head of the French cybersecurity agency ANSSI said there would not be a total ban on using equipment from Huawei in the rollout of the French 5G telecoms network, but that it was pushing French telcos to avoid switching to the Chinese com... More »
LONDON (Reuters) – China’s Huawei has clear conditions to meet for Britain to continue to allow its involvement in the development of 5G telecoms infrastructure, Britain’s health minister said on Sunday, after a report that the firm would be banned from the pr... More »
NEW DELHI (Reuters) – Social media app TikTok distanced itself from Beijing after India banned 59 Chinese apps in the country, according to a correspondence seen by Reuters. In a letter to the Indian government dated June 28th and seen by Reuters on Friday, Ti... More »
WASHINGTON (Reuters) – More than 75 U.S. senators and House members on Thursday urged the Trump administration to take a tougher stance on China over its crackdown in that country’s Xinjiang province and make a formal determination whether its treatment of Mus... More »
(Reuters) – The final days of the best quarter for the benchmark S&P 500 since 1998 were not enough to keep investors from pulling $4.6 billion out of U.S.-based stock funds in the week that ended Wednesday, according to Lipper data released on Thursday. The S... More »
(Reuters) – The following is a brief roundup of some of the latest scientific studies on the novel coronavirus and efforts to find treatments and vaccines for COVID-19, the illness caused by the virus. Low oxygen levels may be due to blood cell damage Damage d... More »
HONG KONG/BEIJING (Reuters) – China’s parliament passed national security legislation for Hong Kong on Tuesday, setting the stage for the most radical changes to the former British colony’s way of life since it returned to Chinese rule 23 years ago. Details of... More »
BRUSSELS/TOKYO (Reuters) – The European Union expressed anger while Britain and Japan voiced concern on Tuesday after China passed a national security law for Hong Kong that threatens to usher in the starkest changes for the former British colony since its ret... More »
SYDNEY (Reuters) – Australia will boost defence spending by nearly 40% over the next 10 years as Canberra shifts its military assets to focus on the Indo-Pacific region, Prime Minister Scott Morrison will say on Wednesday. In a speech that threatens to inflame... More »
LONDON (Reuters) – Britain urgently needs to see the legislation China passed regarding Hong Kong to determine whether it has breached the joint declaration and then will set out its next steps, a spokesman for Prime Minister Boris Johnson said on Tuesday. “De... More »
HONG KONG (Reuters) – Hong Kong’s retail sales in May slumped 32.8% from a year earlier, falling for the 16th consecutive month as the virus pandemic slammed the brakes on tourism and spending in the city. Months of anti-government protest have also weighed on... More »
