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July 1, 2022

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China takes fresh steps to open bond market to foreigners

Reuters
A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White Register now for FREE unlimited access to Reuters.com Register SHANGHAI, July 1 (Reuters) – China took fresh steps on Friday to facilitate foreign investment in its $20 trillion bond market, saying it would cut service......

Asia spot prices jump amid stronger demand, concerns over Russia

Reuters
A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register LONDON, July 1 (Reuters) – Asian spot liquefied natural gas (LNG) prices continued to rise this week......

Downturn fears support dollar, Aussie slumps to two-year low

Reuters
U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, July 1 (Reuters) – Gathering gloom about prospects for the global economy lifted the safe-haven dollar on Friday and pressured risk-sensitive currencies, with the Australian......

China urges U.S. to fulfill climate duties after Supreme Court ruling

Reuters
BEIJING, July 1 (Reuters) – The United States must meet its international obligations on climate change and do more than “shout slogans”, China’s foreign ministry spokesman Zhao Lijian said on Friday following a U.S. Supreme Court ruling limiting Washington’s ability to cut power sector emissions. The Supreme Court voted to......

Asia’s factories feeble despite China bounce, feeds global recession fears

Reuters
A bicycle rider rides past a factory at Keihin industrial zone in Kawasaki, south of Tokyo, Japan, August 18, 2016. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register Japan, S. Korea PMIs slow in June on supply constraints Taiwan’s PMI contracts, other Asian PMIs also soft China’s......

China’s Xi: No reason to change Hong Kong’s ‘one country, two systems’ formula

Reuters
HONG KONG, July 1 (Reuters) – There is no reason to change Hong Kong’s “one country, two systems” formula of governance, Chinese President Xi Jinping said on a rare visit to the global financial hub after swearing in the city’s new leader, John Lee, on Friday. Britain returned Hong Kong......

Stocks make tentative start to second half under growth clouds

Reuters
A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Russian Trading System (RTS) Index, Japan’s Nikkei index and the Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, February 25, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to......

Ports close in China island province Hainan as tropical storm Chaba looms

Reuters
SHANGHAI, July 1 (Reuters) – Local authorities in China’s Hainan province on Friday announced the closure of three ports as weather forecasters reclassified Chaba as a severe tropical storm that was expected to make landfall over the weekend. Chaba, currently east of Hainan, will move at a speed of 15-20......

Column: Global business cycle starts to turn down: Kemp

Reuters
An aerial view shows containers and cargo vessels at the Qingdao port in Shandong province, China May 9, 2022. China Daily via REUTERS Register now for FREE unlimited access to Reuters.com Register LONDON, June 30 (Reuters) – Global manufacturing activity and freight movements have begun to decelerate as the major......

Stocks sink on fears for global economy, capping worst H1 on record

Reuters
Share indexes down 1% to 3%, U.S. futures weak Cenbank chiefs reiterate inflation warning this week Sweden’s Riksbank latest to hike rates All eyes on U.S. core prices data due later Graphic: Global asset performance LONDON, June 30 (Reuters) – Stocks sank on Thursday to extend what is the worst......

Macau COVID infections rise as spread extends to medics, police

Reuters
People queue for mass coronavirus disease (COVID-19) testing in Macau, China June 19, 2022. REUTERS/John Mak Register now for FREE unlimited access to Reuters.com Register HONG KONG, June 30 (Reuters) – Authorities in the world’s biggest gambling hub Macau are scrambling to contain the city’s biggest coronavirus outbreak since the......

China’s factory, service sectors shake off 3 months of lockdown pain

Reuters
A worker polishes a bicycle steel rim at a factory manufacturing sports equipment in Hangzhou, Zhejiang province, China September 2, 2019. China Daily via REUTERS Register now for FREE unlimited access to Reuters.com Register China factory, services PMIs above 50 for first time since Feb Recovery seen as COVID restrictions......

Stocks mostly slip, yields ease in wake of Powell inflation comments

Reuters
S&P 500 down slightly early Powell: clock is ‘running’ for Fed on lowering inflation U.S. dollar higher NEW YORK, June 29 (Reuters) – Stocks on global indexes mostly edged lower and Treasury yields eased on Wednesday as investors weighed comments by Federal Reserve Chairman Jerome Powell, who said there is......

OPEC+ meets with little prospect of pumping more oil

Reuters
A person operates a tap of crude oil during the destruction of Bakana ii illegal camp, in Okrika, Rivers state, Nigeria January 28, 2022. REUTERS/Afolabi Sotunde/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, June 29 (Reuters) – OPEC and OPEC+ began two days of meetings on......

China’s easing COVID curbs spark travel inquiry surge, and caution

Reuters
Travellers walk at a terminal hall of the Beijing Capital International Airport in Beijing, China March 23, 2022. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register BEIJING, June 29 (Reuters) – Online searches for Chinese airline tickets on domestic and international routes surged on Wednesday, after Beijing......

Some media blocked from covering Xi’s handover anniversary visit to Hong Kong

Reuters
HONG KONG, June 29 (Reuters) – Journalists from more than seven organisations, including Reuters, have been blocked from covering official ceremonies to mark the 25th anniversary of Hong Kong’s handover from British to Chinese rule that President Xi Jinping is due to attend. A spokesperson for the Hong Kong government......

China to cut industrial energy intensity by 13.5% from 2021-2025

Reuters
People walk past a China Energy coal-fired power plant in Shenyang, Liaoning province, China September 29, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register SHANGHAI, June 29 (Reuters) – China will reduce its industrial energy consumption per unit of output by 13.5% over the 2021-2025 period......

U.S. accuses five firms in China of supporting Russia’s military

Reuters
Smoke rises over the remains of a building destroyed by a military strike, as Russia’s attack on Ukraine continues, in Lysychansk, Luhansk region, Ukraine June 17, 2022. REUTERS/Oleksandr Ratushniak/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 28 (Reuters) – The Biden administration said on Tuesday......

Euro below $1.06 as Lagarde keeps July policy options open

Reuters
A shopper pays with a ten Euro bank note at a local market in Nice, France, June 7, 2022. REUTERS/Eric Gaillard Register now for FREE unlimited access to Reuters.com Register LONDON, June 28 (Reuters) – The Aussie and the Canadian dollar climbed on Tuesday on firmer oil prices while the......

Stocks, oil edge up as China relaxes quarantine rules

Reuters
LONDON, June 28 (Reuters) – Global shares moved into positive territory on Tuesday while oil prices firmed following China’s decision to ease some quarantine requirements for international arrivals that raised hopes for stronger growth and a revival in demand for commodities. China slashed the quarantine time for inbound travellers by......

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