BEIJING (Reuters) – Chinese tech giant Tencent Holdings said it will step up its investment overseas and in industries such as “smart retail”, having already invested in more than 800 companies. Those firms include 70 listed companies and over 160 are valued a... More »
VANCOUVER/TORONTO (Reuters) – Extraditing Huawei Chief Financial Officer Meng Wanzhou to the United States based on American sanctions against Iran would set a dangerous precedent and could even undermine Canada’s policy towards Iran, Meng’s lawyers argued in ... More »
HONG KONG (Reuters) – Hong Kong’s chief executive Carrie Lam and top finance officials praised the Chinese-ruled city’s resilience as a global financial hub on Monday amid more than six months of often violent pro-democracy unrest. Protests escalated in June o... More »
WASHINGTON (Reuters) – A U.S. congressional report called for sanctions against China over human rights abuses, and for U.S. officials to keep rights concerns in mind during dealings with Beijing, including trade negotiations. The annual human rights report fr... More »
BEIJING (Reuters) – China’s foreign ministry said on Thursday that a U.S. Congressional report that called for sanctions against Beijing over human rights abuses was neither objective nor credible. The United States should reflect upon its human rights situati... More »
PHNOM PENH (Reuters) – Thousands of Cambodians working for a Hong Kong-listed casino company have gone on strike for higher pay and better working conditions, they said on Thursday. About 3,000 workers joined the strike in front of the NagaWorld hotel and casi... More »
LONDON (Reuters) – Britain’s markets watchdog proposed on Thursday a single interest rate for cash savings products, a move it says would bump up interest payments to consumers by 260 million pounds ($340.96 million) a year. The Financial Conduct Authority (FC... More »
SINGAPORE (Reuters) – Asian stocks had their best session in weeks on Thursday, as the United States and Iran backed away from the brink of conflict in the Middle East and investors reversed their flight to safety. U.S. President Donald Trump responded to an I... More »
WASHINGTON (Reuters) – Republican and Democratic members of the U.S. Congress predicted on Wednesday that the House of Representatives and Senate would agree on a compromise version of legislation requiring a tougher Trump administration response to China’s cr... More »
SINGAPORE (Reuters) – China’s Hengyi Petrochemical Co Ltd is operating its new 160,000 barrels per day refinery in Brunei at near full capacity after trial production began in July, two company officials told Reuters. The plant in Palau Muara Besar is one of f... More »
HONG KONG (Reuters) – The logistics unit of Chinese e-commerce company JD.com Inc (JD.O) has held early discussions with banks about a potential overseas IPO that could raise $8 billion to $10 billion, two people with direct knowledge of the matter told Reuter... More »
BEIJING/SHANGHAI (Reuters) – China’s Meituan Dianping said on Monday it will make improvements to its platform after one of its delivery men stabbed a supermarket staffer to death on the weekend, prompting debate on social media over the pressures faced by suc... More »
SYDNEY (Reuters) – Asian markets idled near 18-month highs on Monday as trading volumes weakened ahead of the Christmas holiday break, with investors taking profit on gains made earlier this month. In early European trades, the pan-region Euro Stoxx 50 futures... More »
SHANGHAI (Reuters) – Asian shares hit their highest in nearly eight months on Monday after the United States and China agreed on a preliminary trade deal, with Australian shares leading the way on expectations of more easing of monetary policy there. European ... More »
HONG KONG (Reuters) – Hong Kong police fired tear gas in late night street clashes with anti-government protesters, ahead of a potentially pivotal meeting between Hong Kong’s leader and China’s president in Beijing on Monday. Hong Kong Chief Executive Carrie L... More »
HONG KONG (Reuters) – In Hong Kong, when the tempo of traffic-light signals accelerates to about 800 ticks a minute, visually impaired residents know they can safely cross the road. But over the past six months of unrest, many streets have lost their beat. Ant... More »
HONG KONG (Reuters) – Hong Kong protesters set fire outside court buildings, threw petrol bombs and spray-painted graffiti on government buildings, marring what was otherwise a “generally peaceful” march at the weekend, police said on Monday. The comments came... More »
LONDON (Reuters) – Turnover on some of the world’s biggest currency-trading venues has dropped as falling market volatility prompts some global banks to route more volumes onto their internal platforms, the Bank for International Settlements said in a quarterl... More »
SYDNEY (Reuters) – Asian stocks edged up on Monday, catching some of Wall Street’s momentum after surprisingly strong U.S. jobs data, although regional gains were capped by concerns about China’s economic slowdown due to the prolonged Sino-U.S. trade war. Japa... More »
LONDON (Reuters) – Google, Alibaba and other “Big Tech” companies could be forced to share data on financial services customers with banks and financial technology firms to prevent unfair competition. As Facebook’s plan for its Libra “stablecoin” faces scrutin... More »
BEIJING (Reuters) – China said on Monday U.S. military ships and aircraft won’t be allowed to visit Hong Kong, and also announced sanctions against several U.S. non-government organizations for encouraging protesters to “engage in extremist, violent and crimin... More »
SOCHI, Russia (Reuters) – Russian President Vladimir Putin and his Chinese counterpart Xi Jinping on Monday oversaw the launch of a landmark pipeline that will transport natural gas from Siberia to northeast China, an economic and political boost to ties betwe... More »
HONG KONG (Reuters) – Hundreds of office workers in Hong Kong’s business district gathered on Monday for the first in a week of lunchtime protests backing the pro-democracy movement after its resounding victory in district polls held last week in the Chinese-r... More »
(Reuters) – A trade deal between United States and China was now “stalled because of Hong Kong legislation”, news website Axios reported on Sunday, citing a source close to U.S. President Donald Trump’s negotiating team. The deal was stalled also because time ... More »
HONG KONG (Reuters) – China has appointed a slate of new officials to head the world’s top gambling hub of Macau, changing key roles including the city’s economy and justice secretaries. The appointments in Macau, a special administrative region of China, come... More »
LONDON (Reuters) – A wave of social unrest across developing countries this year has caught many investors off-guard and is challenging models designed to gauge political risk for investors, prompting some to pull money out. That has led to worries that a with... More »
BEIJING (Reuters) – China will use its national drug bulk-buy scheme to lower the price of drugs currently sold at higher prices compared with other markets, it said in an official statement. The move could force international drugmakers to further cut prices ... More »
HONG KONG (Reuters) – The private banking business of HSBC Holdings PLC is aggressively pursuing double-digit growth in client assets and revenue, riffing off a surge in Asian wealth, the unit’s chief executive told Reuters. Antonio Simoes also said the London... More »
HONG KONG (Reuters) – Hong Kong’s democrats scored a landslide majority in district council elections, which saw a record turnout after six months of anti-government protests, increasing pressure on the Chinese-ruled city’s leader on Monday to listen to calls ... More »
TAIPEI (Reuters) – Taiwan President Tsai Ing-wen’s ruling party denounced China as an “enemy of democracy” on Monday following fresh claims of Chinese interference in the island’s politics ahead of presidential and legislative elections on Jan. 11. The allegat... More »
(Reuters) – Australia has agreed to relax restrictions imposed on the travel of horses from Hong Kong, ending a two-year stand-off between the two countries, the South China Morning Post reported on Monday. The movement of horses between the jurisdictions was ... More »
SYDNEY (Reuters) – Asian shares staged a cautious rally on Monday as investors dared to hope for some progress in the endless Sino-U.S. trade dispute, while the outperformance of recent U.S. economic data gave the dollar a leg up on its peers. MSCI’s broadest ... More »
HONG KONG (Reuters) – Here are comments from voters, politicians, activists and academics on Hong Kong’s district council elections, where pro-democracy candidates romped to a landslide and symbolic majority after residents turned out to vote in record numbers... More »
(Reuters) – Hong Kong pro-democracy parties took 390 of 452 district council seats, or nearly 90%, local broadcaster RTHK said on Monday, a day after residents turned out in record numbers to vote following six months of anti-government protests. Source: https... More »
TAIPEI (Reuters) – The absence of China was a “loss” at this year’s Golden Horse Awards, the Chinese-speaking world’s version of the Oscars, director Ang Lee said on Saturday, after Beijing ordered a boycott following controversy last year. China’s film regula... More »
HALIFAX, Nova Scotia (Reuters) – United States national security adviser Robert O’Brien said on Saturday that an initial trade agreement with China is still possible by the end of the year, but warned Washington would not turn a blind eye to what happens in Ho... More »
LONDON (Reuters) – World shares were close to a record high on Monday, after Beijing surprised markets by trimming a key interest rate for the first time since 2015. In the latest show of support for its economy, China’s central bank cut rates on seven-day rev... More »
HONG KONG (Reuters) – Hong Kong police laid siege to a university on Monday, firing rubber bullets and tear gas to pin back anti-government protesters armed with petrol bombs and other homemade weapons from fleeing amid fears of a bloody crackdown. Dozens, cho... More »
HONG KONG (Reuters) – Hong Kong police fired tear gas and rubber bullets on Monday to force back anti-government protesters trying to escape a university where hundreds are holed up with petrol bombs and other homemade weapons amid fears of a bloody crackdown.... More »
BEIJING (Reuters) – No one should underestimate China’s will to safeguard its sovereignty and Hong Kong’s stability, foreign ministry spokesman Geng Shuang told a daily news briefing on Monday. The Asian financial hub is witnessing a violent standoff between p... More »
BANGKOK (Reuters) – China on Monday called on the U.S. military to stop flexing its muscles in the South China Sea and to avoid adding “new uncertainties” over Taiwan, during high-level talks that underscored tension between the world’s two largest economies. ... More »
SYDNEY (Reuters) – Several Asian airlines have cut flights to Hong Kong over the coming weeks, an industry scheduling publication showed, as anti-government protests in the city grow increasingly violent and disrupt daily life. Routes Online said the latest sc... More »
SEOUL (Reuters) – Samsung’s plan to outsource a fifth of its smartphone production to China next year may help it compete with low-cost rivals such as Huawei and Xiaomi but it’s a strategy fraught with risks, people with familiar with the move said. Samsung El... More »
(Reuters) – China-based drugmaker BeiGene Ltd on Friday priced its drug, Brukinsa, to treat a rare form of lymphoma at $12,935 for a 30-day supply. The U.S. Food and Drug Administration on Thursday approved the drug, giving a boost to the company’s strategy of... More »
HONG KONG (Reuters) – Hong Kong police shot and critically wounded a protester and a man was set on fire on Monday as the territory spiralled into violence, prompting a warning from a Chinese editor that the mainland People’s Liberation Army could step in at a... More »
HONG KONG (Reuters) – Hong Kong’s embattled leader Carrie Lam said on Monday the violence that is roiling the former British colony has exceeded protesters’ demands for democracy and demonstrators are now the people’s enemy. Lam was speaking hours after police... More »
HONG KONG (Reuters) – Hong Kong’s share index lost almost 3% as unrest in the Asian financial hub worsened on Monday, with police firing live rounds at anti-government protesters on the eastern side of island and firing tear gas at protesters in the Central bu... More »
HONG KONG (Reuters) – Swiss bank UBS (UBSG.S) was fined HK$400 million ($51.09 million) by Hong Kong’s securities regulator for overcharging up to 5,000 clients for nearly a decade, the watchdog said on Monday. The Hong Kong Securities and Futures Commission (... More »
BEIJING/SHANGHAI (Reuters) – Fewer new energy vehicles (NEV) could be sold in China this year than in 2018, an official at the country’s biggest auto industry association said on Monday, as customers hold back on purchases following a government decision to cu... More »
SHANGHAI (Reuters) – Asian shares surged on Monday, with a broad regional gauge hitting more than 14-week highs, as growing optimism over U.S.-China trade talks and upbeat U.S. job data boosted global investors’ appetite for riskier assets. MSCI’s broadest ind... More »
BEIJING (Reuters) – The founder of China’s smartphone maker Smartisan Technology has been barred from taking flights and high-speed railway trains due to the company’s failure to comply with court rulings from a contractual dispute, a local court document show... More »
BEIJING (Reuters) – China has granted conditional approval to its first self-developed treatment for Alzheimer’s disease, a move that may point to revived opportunities in a therapeutic area where drugmakers have burned billions of dollars without yielding a v... More »
SHANGHAI (Reuters) – China’s tobacco regulator on Friday issued a notice asking e-commerce platforms and businesses to shut online stores that sell electronic cigarette products, in a move aimed at stopping minors from purchasing e-cigarettes through the inter... More »
SYDNEY (Reuters) – Asian shares rose to a three-month high on Monday, as risk assets got a fillip from hopes of a trade deal and strong U.S. corporate earnings, while major currencies marked time as focus shifted to a Federal Reserve rate decision. European sh... More »
LONDON (Reuters) – British regulators should impose higher levies on banks if they need more resources to stop big IT glitches and should consider regulating cloud service providers such as Google, UK lawmakers said in a review on Monday. The review was launch... More »
HONG KONG (Reuters) – Hong Kong leader Carrie Lam apologized on Monday to the city’s Muslim community after police hit a major mosque with water cannon as they battled thousands of pro-democracy protesters overnight in the Asian financial hub. Lam visited the ... More »
JAKARTA (Reuters) – Gojek CEO and co-founder Nadiem Makarim said on Monday he had resigned to join Indonesia’s cabinet, and the ride-hailing and payments company said two senior officials would jointly take over running operations of the $10 billion firm. Pres... More »
TOKYO (Reuters) – Asian stocks edged up on Monday as Chinese shares reversed early losses, supported by hopes for progress in resolving the U.S.-China trade war, while sterling slipped after the British parliament delayed a crucial vote on a Brexit withdrawal ... More »
HONG KONG (Reuters) – UBS (UBSG.S) will cut up to 30 jobs in the major centres of Hong Kong, Singapore, Sydney and Tokyo after combining its global markets and banking businesses, a person with knowledge of the matter said. The job cuts at the Swiss bank start... More »
WASHINGTON (Reuters) – China’s top central banker said on Saturday that potential escalation of trade tensions and policy uncertainty were the major risk factors facing the world economy, and market forces were keeping China’s yuan at an appropriate level. Yi ... More »
WUZHEN, China (Reuters) – Chinese smartphone maker Xiaomi Corp plans to launch more than 10 5G phones in 2020, CEO Lei Jun said on Sunday, speaking at the World Internet conference in the eastern Chinese town of Wuzhen. Lei’s remarks come as the company faces ... More »
(Reuters) – LeBron James weighed in on the controversy between China and the NBA on Monday, saying that Houston Rockets general manager Daryl Morey “wasn’t educated” when he sent a tweet in support of protesters in Hong Kong this month. Morey’s tweet of suppor... More »
(This October 10 story clarifies paragraph 14 on ‘The Martian’) By Lisa Richwine LOS ANGELES (Reuters) – China’s removal of animated comedy “South Park” from online sites just as it dropped U.S. basketball broadcasts highlighted a tension familiar to Hollywood... More »
FRANKFURT (Reuters) – Volvo Cars will merge its engine development and manufacturing assets with those of parent Geely, creating a division to supply in-house brands Lotus, LEVC, Lynk and Proton, and also potential rivals with next-generation combustion and hy... More »
HONG KONG (Reuters) – Protest-scarred Hong Kong struggled to recover on Monday after scores of people were arrested in violent clashes overnight and as the last British governor of the Chinese-ruled city warned that people could be killed. “Before long, unless... More »
HONG KONG (Reuters) – A journalist working with Hong Kong’s public broadcaster was recovering in hospital on Monday after he was hit by a petrol bomb during weekend protests in the city. Flames briefly flared around the man’s head and neck as his helmet and pl... More »
SHANGHAI (Reuters) – The National Basketball Association (NBA) came under fire on Monday for its response to a tweet by a Houston Rockets official in support of Hong Kong protests for democracy, the latest overseas business to run afoul of political issues in ... More »
(Reuters) – HSBC Holdings Plc (HSBA.L) is planning to cut up to 10,000 jobs, more than 4% of its workforce, as interim Chief Executive Officer Noel Quinn seeks to reduce costs across the banking group, the Financial Times reported on Sunday. The plan represent... More »
(Reuters) – U.S. lawmakers joined a chorus of criticism of the National Basketball Association (NBA) after the organization distanced itself from a tweet by the manager of the Houston Rockets in support of the Hong Kong protests for democracy. Rockets General ... More »
(Reuters) – The general manager of the Houston Rockets basketball team apologized on Monday for a tweet in support of Hong Kong protests, saying he did not intend to offend fans of the NBA team in China. “I was merely voicing one thought, based on one interpre... More »
(Reuters) – A U.S. judge on Monday dismissed a proposed class action lawsuit against several large banks for allegedly rigging the market for Mexican government bonds, according to a court filing. JPMorgan Chase & Co, HSBC Holdings Plc, Citigroup Inc and Bank ... More »
LONDON/NEW YORK (Reuters) – Global mergers and acquisitions (M&A) plunged 16% year-on-year to $729 billion in the third quarter, according to Refinitiv data, the lowest quarterly volume since 2016, as growing economic uncertainty curbed the risk appetite of co... More »
TOKYO/SINGAPORE (Reuters) – Asian stock markets, including China’s, were little changed on Monday, shrugging off news that the U.S. administration is considering delisting Chinese companies from U.S. stock exchanges. MSCI’s broadest index of Asia-Pacific share... More »
HONG KONG (Reuters) – Hong Kong’s metro stations and roads re-opened on Monday after a chaotic weekend that saw police fire water cannon, tear gas and rubber bullets at protesters who set fires and threw petrol bombs outside government offices and across centr... More »
HONG KONG (Reuters) – Hong Kong private home prices fell for the third straight month in August, according to government data released on Monday, as increasingly violent street protests take a toll on the economy. Prices dropped 1.37%, steeper than July’s revi... More »
HONG KONG (Reuters) – While months of Hong Kong protests have scared away tourists, sent jitters across the financial centre and cast a dark cloud over the local economy, there’s one thing residents of the city are confident they can bank on – sky-high propert... More »
HONG KONG (Reuters) – Just before midnight in Hong Kong’s Mong Kok district, a slight man in his seventies peels away from a crowd of protesters jeering at police. Behind him, a young woman calls out, “Be safe!” They make an improbable pair: she a smartly dres... More »
SINGAPORE (Reuters) – Scores of airlines wrote jointly to the Hong Kong government earlier this month to seek airport fee waivers as they struggle to deal with the financial fallout from anti-government protests that have led to a sharp drop in traveler demand... More »
(Reuters) – The bosses of Thomas Cook (TCG.L), the world’s oldest travel company, were meeting lenders and creditors in London on Sunday to seek a last-ditch deal to save the company. Thomas Cook needs to find another 200 million pounds ($250 million) on top o... More »
HONG KONG (Reuters) – Hong Kong’s businesses and underground rail stations re-opened as usual on Monday morning, after a chaotic Sunday that saw police fire water cannon, tear gas and rubber bullets at protesters who blocked roads and threw petrol bombs outsid... More »
LONDON (Reuters) – The Hong Kong Exchanges and Clearing Limited has proposed a 31.6 billion pound ($39 billion) takeover of the London Stock Exchange (LSE.L), it said on Wednesday, just weeks after the London bourse announced a plan to merge with data company ... More »
LONDON (Reuters) – World stocks rose for the sixth straight day on Wednesday and bond prices fell as investors continued to unwind safety bets, encouraged by hopes of a resolution to the Sino-U.S. trade standoff and signs Europe may be preparing to ease budget... More »
AMSTERDAM (Reuters) – Shares in the spin-off of South African e-commerce group Naspers surged more than 25% in the first minutes of their market debut in Amsterdam on Wednesday. Prosus comprises Naspers’ global empire of consumer internet assets, with the jewe... More »
HONG KONG/BEIJING (Reuters) – China’s second-largest e-commerce firm JD.com Inc has appointed Jason Hu, a former managing director at Chinese private equity firm CDH Investments, as head of strategic investment to oversee deals both at home and overseas. Hu, w... More »
TOKYO (Reuters) – Global stock prices fell on Monday after the United States and China imposed new tariffs on each other’s goods, reinforcing investors’ worries over slowing global growth, with no clear end in sight for the trade war. The E-mini futures for U.... More »
HONG KONG (Reuters) – Hundreds of Hong Kong university and school students swapped classes for democracy demonstrations on Monday, the latest act of defiance in an anti-government movement that has plunged the Chinese-ruled city into its biggest political cris... More »
BEIJING/WASHINGTON (Reuters) – The United States began imposing 15% tariffs on a variety of Chinese goods on Sunday – including footwear, smart watches and flat-panel televisions – as China began imposing new duties on U.S. crude, the latest escalation in a br... More »
HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Corp said on Friday it had scrapped a mainland share offering plan in order to focus on its business development. The company filed an application for a public offering of China depositary receipts (CDRs) i... More »
HONG KONG (Reuters) – Violence in Hong Kong’s anti-government protests is becoming more serious but the government is confident it can handle the crisis itself, the city’s embattled leader said on Tuesday. Carrie Lam was speaking in public for the first time s... More »
CANBERRA (Reuters) – A Chinese-born Australian writer held in China since January has been charged with espionage, his lawyer and the Australian government said on Tuesday, amid growing tension between Canberra and its largest trading partner. Yang Hengjun, a ... More »
LONDON (Reuters) – Britain will make a decision on whether to allow China’s Huawei equipment to be used in its 5G networks in the autumn, the digital minister Nicky Morgan said. “We will make the right decision for the UK. I would hope we could do something by... More »
TOKYO (Reuters) – Asian stocks rose in step with their global peers on Tuesday while safe-haven bonds retreated, after U.S. President Donald Trump softened his tone against China and predicted the two countries would be able to reach a trade deal. In early Eur... More »
SHANGHAI (Reuters) – Contract chipmaker GlobalFoundries has sued larger rival Taiwan Semiconductor Manufacturing Co (TSMC) for patent infringement, seeking to stop the defendant’s customers including Apple from importing affected products to the United States ... More »
BIARRITZ, Belgium (Reuters) – France on Monday issued a short statement at the end of a meeting of G7 leaders on several issues, but it was not a communique along the lines of those usually drawn up at the annual summit, reflecting divisions. The issues were t... More »
BIARRITZ, France (Reuters) – Iran has an opportunity to come back into compliance with the nuclear deal and resume dialogue about its nuclear activities, British Prime Minister Boris Johnson said on Monday. U.S. President Donald Trump said earlier he would mee... More »
HONG KONG (Reuters) – Hong Kong is gearing up for further protests this week after hundreds of thousands of anti-government demonstrators braved heavy rain to rally peacefully on Sunday, marking a change to what have often been violent clashes. Sunday’s massiv... More »
WASHINGTON (Reuters) – U.S. President Donald Trump and top White House officials dismissed concerns that economic growth may be faltering, saying on Sunday they saw little risk of recession despite a volatile week on global bond markets, and insisting their tr... More »
HONG KONG/SINGAPORE (Reuters) – Cathay Pacific (0293.HK) shares were choppy in opening trade on Monday after the shock exit of CEO Rupert Hogg, as the airline grapples with mounting Chinese scrutiny over the involvement of some of its staff in anti-government ... More »
HONG KONG (Reuters) – Hong Kong’s political unrest is posing a dilemma for Alibaba Group Holding Ltd (BABA.N) on the timing of its planned $15 billion listing in the city, with sources saying China’s biggest e-commerce company is now considering several timeta... More »
BEIJING/HONG KONG (Reuters) – Segway-Ninebot Group, a Beijing-based electric scooter maker, on Friday unveiled a scooter that can return itself to charging stations without a driver, a potential boon for the burgeoning scooter-sharing industry. Ninebot said Ub... More »
